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Skilled labour supply is weak, says housing body

There is still a shortage of skilled labour in some sectors of the building industry, despite weak construction activity, a study has found.

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Santos rejects call to reserve gas for Australian industry

Santos says the development of a large-scale gas industry, driven at least initially by export opportunities, is the best path.

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CBA cuts rates by 40 points

Commonwealth Bank of Australia has cut its standard variable home loan rate by 40 basis points after the RBA's cut to the cash rate.

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Westpac delays rate cut to focus on 25% fall in profit

Westpac will reveal the size of its interest rate cut on Friday, a day after posting a near $3 billion profit for first half of its financial year.

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Aussie stocks close higher

Australian sharet closed marginally stronger at a nine-month high after gains by miners were offset falls among the big four banks.

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Woodside not worried about weakness in gas prices

Woodside Petroleum has told shareholders that plunging prices and a gas glut in the US will not restrain its bullish growth plans.

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