Building approvals tipped to fall

Economists expect approvals for the construction of new homes to have fallen 0.9 per cent in June.
Private business investment has lost momentum according to a Deloitte Access Economics report, but commercial building could be about to pick up.
KPMG's global CEO survey shows 75 per cent of Australian chief executives are more confident of growth than last year but may not be innovating enough.

Services sector jobs growth surges

The services sector has been the biggest creater of jobs in the past 12 months, which has helped push the unemployment rate down to six per cent.
It's been a lacklustre debut for marketing company Pureprofile on the Australian share market.

Myer to dump 100 brands

Department store chains Myer and David Jones are culling a large number of their brands across fashion and homewares in the race to boost sales.
AMP Bank will not take any new investor property loans until later in 2015, in response to the regulator's call to slow growth in that segment.
Virgin Australia has narrowed its full year loss to $93.8 million and analysts expect the airline to post a profit next year.

Greater scale will help Programmed

Programmed says its combination with Skilled Group will enable it to seek bigger opportunities in existing and new business sectors.
Shares in ASX-listed Medlab have jumped after the company was granted a licence to research the use of cannabis for medical purposes like pain relief.
National Australia Bank has fully divested its holding in US lender Great Western Bancorp with the sale of its final stake in the business.
Women's groups and the superannuation industry have welcomed moves by ANZ to improve the financial futures of their female employees.
BHP Billiton is cutting at least 100 positions at its head office in Melbourne following the completion of its South32 demerger in May.
The Australian dollar fell to a six year low below 73 US cents, but most analysts believe it won't fall below 70 US cents by the end of the year.
Iron ore baron Andrew Forrest in not particularly concerned by sharp falls on Chinese share markets.

Editor's Choice

Our pick of the best content from SBS News & Current Affairs and our content partners.

Some Australians say asylum seekers who arrive by boat are "jumping the queue" by not coming to Australia through approved channels. Is it true?
A social cohesion initiative in Melbourne is using football to break down cultural barriers between teens.
The Bali bombings killed 202, including 88 Australians – a two part Dateline special brings three of the bereaved face-to-face with the terrorists behind the attack.
An American dentist has expressed regret for killing a much-loved Zimbabwean lion called Cecil, explaining that he was relying on his guides ensure it was legal.
Students at a school in New Zealand have performed an emotional haka at the funeral service of a teacher who died last week.
This Education Week, we bring you a range of stories from schools and students around Australia.
Australia has earned a global reputation for being tough on asylum seekers with its policies on turning asylum boats around and denying anyone who arrives by boat...