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Current account deficit data expected to boost economy

Gross domestic product (GDP) figures are likely to be boosted by the import-export trend suggested by official Balance of Payments data, economists say.

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Westpac to slash 119 jobs

The Finance Sector Union says Westpac plans to send 119 jobs offshore.

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Rio Tinto plans to make a US$2bn investment in India

Rio Tinto says its $US2 billion investment in an iron ore project in eastern India will be Australia's "largest investment" in the South Asian nation.

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Aussie dollar falls half a cent on China growth concerns

The Australian dollar has dropped almost a half of one US cent over concerns about China's reduced growth target

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US stocks slip overnight

US stocks have fallen after China lowered its growth estimate.

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RBA tipped to hold rates

The Reserve Bank of Australia is expected to hold interest rates at their current level when it meets on Tuesday.

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