Holden to seek labour cost savings

Holden workers in Adelaide may be forced to take a pay cut to save their jobs.
RBA leaves door open to more rate cuts

A further cut to the Reserve Bank of Australia's cash rate could still be on the cards.
Port to go, NSW public sector to tighten

The world's largest port in Newcastle will be sold off as part of NSW Treasurer Mike Baird's budget.
Elders shares drop as rural sale fails

A further $9 million has been wiped from the market value of Elders.
ANZ to vigorously defend class action

ANZ Bank says it will vigorously defend a class action claiming its default fees are excessive.
US housing starts rise in May

Construction of new US homes rebounded modestly in May from a plunge the prior month.
ASX falls on investor caution

Australian shares have fallen as investors await an update on economic stimulus measures in the US.
$A weakens after RBA signals rate cuts

The Australian dollar has weakened after the Reserve Bank hinted at the possibility of more rate cuts.
Ex-UBS trader charged over Libor scandal

British officials have charged former UBS trader Tom Hayes, in the first prosecution over the Libor scandal.
Lego to expand Czech production

Danish toymaker Lego says it will expand a factory in the Czech Republic and create some 800 jobs.
Asian markets mixed as traders await Fed

Asian markets were mixed on Tuesday, with traders sitting on the sidelines.
Leighton fills board vacancies

Construction giant Leighton has appointed three new board members to replace several directors that resigned
NZ shares rise; Xero at record again

New Zealand shares rose on Tuesday, with Xero resuming its ascent to a new record.
UK inflation jumps to 2.7 per cent

British 12-month inflation has accelerated to 2.7 per cent in May.
Homewares marketer cuts profit guidance

Cutlery, kitchen goods and beauty product marketer McPherson's is set to post a full year loss.

MORE BUSINESS NEWS

Indices	Last	Chng
ASX200	4813.9	12.0
ASX All Ords	4792.3	12.7
NZSE 50	4462.1	14.5

CommSec Market Update

The business news you need to know from CommSec.

Holden workers in Adelaide may be forced to take a pay cut to save their jobs.

A further cut to the Reserve Bank of Australia's cash rate could still be on the cards.

The world's largest port in Newcastle will be sold off as part of NSW Treasurer Mike Baird's budget.

A further $9 million has been wiped from the market value of Elders.

ANZ Bank says it will vigorously defend a class action claiming its default fees are excessive.

Construction of new US homes rebounded modestly in May from a plunge the prior month.

Australian shares have fallen as investors await an update on economic stimulus measures in the US.

The Australian dollar has weakened after the Reserve Bank hinted at the possibility of more rate cuts.

British officials have charged former UBS trader Tom Hayes, in the first prosecution over the Libor scandal.

Danish toymaker Lego says it will expand a factory in the Czech Republic and create some 800 jobs.

Asian markets were mixed on Tuesday, with traders sitting on the sidelines.

Construction giant Leighton has appointed three new board members to replace several directors that resigned

New Zealand shares rose on Tuesday, with Xero resuming its ascent to a new record.

British 12-month inflation has accelerated to 2.7 per cent in May.

Cutlery, kitchen goods and beauty product marketer McPherson's is set to post a full year loss.

MORE BUSINESS NEWS

CommSec Market Update

The business news you need to know from CommSec.