A G20 statement is urging the United States to stop blocking reforms of the International Monetary Fund.

Mining wages may be next to fall

A move by Fortescue to restructure rosters is likely to be replicated by other miners, and could be a precursor to lower wages, an academic says.
NewSat, which had plans of launching a communications satellite, has been placed into administration amid soaring debts.

Foreign money drives home building

a rise in new housing construction can be almost entirely accounted for by foreign investment, according ANZ's senior economist.
Whitehaven Coal has increased its full year production target but expects prices to remain weak in 2015.
Stevedore DP World wants an ongoing dispute of a rent hike at the Port of Melbourne resolved, warning it could turn away some operators.

Foxtel chairman leaving Telstra post

Foxtel boss Robert Nason is leaving Telstra in October after five years running its business support service.
Rio Tinto shareholders have been told their company will thrive at a time of significant distress for other late-entrant and high-cost producers.
Rio Tinto shareholders have been told their company will thrive at a time of significant distress for other late-entrant and high-cost producers.
Mining company NuCoal still has hope that it might be compensated for the loss of its Doyles Creek exploration licence in NSW.
ANZ is reimbursing customers of one of its financial planning services after they did not receive what they paid for.
Woodside Petroleum has warned weaker oil prices will reduce profit and shareholder payouts but says the company now has a better growth profile.

$A higher after strong jobs data

The Australian dollar has jumped by more than half a cent after the unemployment rate unexpectedly fell to 6.1 per cent.
A HSBC economist believes the Sydney housing market is due for a correction and predicts prices will level off in 2016.

AGL reshapes exec team

Energy giant AGL is revamping its executive team, with modest job cuts expected to result from the changes.
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US actor Ben Affleck asked PBS television chiefs to hide that one of his ancestors was a slave owner, according to a WikiLeaks email.
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The creative process is more than one giant leap for humankind.
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