National Business

The Australian dollar is lower against a stronger US dollar despite making up some ground later in the day during Asian trade

Ted Pretty has made an unexpected exit from revamped technology group Hills, less than three years after being appointed chief executive.

The Australian dollar was weaker at noon in the wake of a rally by the US dollar spurred by a batch of strong economic data and anxiety over Greece's debt.

The latest Westpac/Melbourne Institute Leading Index shows the Australian economy is improving but is still growing at a sluggish pace.

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