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Job cuts “prudent and necessary,” says Myer

Myer has cut 100 back-office jobs as it tries to trim costs to help it battle through tough retail trading conditions.

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Aussie share market closes flat, investors waiting for signs

The Australian share market has closed flat as investors await economic data and commentary from the US and China to guide them.

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Energy Resources Australia lifts its quarterly production

Uranium miner ERA has reported some good news with a lift in production

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More supervision needed for banks, says Reserve Bank

Banks were not transparent enough and needed more regulation in the wake of recent scandals, the RBA's deputy governor said

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Rate cuts boosting confidence: Westpac survey shows

Consumers are more optimistic but still not as much as they once were, a survey by the Westpac Melbourne Institute has found.

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Downer EDI win an $800m Queensland mining services deal

Downer EDI has won a $800 million deal to provide mining services for private collier TEC Coal's Queensland mine.

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