News from the world’s major stock markets

Australia appears set for iron ore production capacity oversupply by 2016/17 but major miners will simply put the brakes on output to keep prices high.

Virgin Australia and Delta Air Lines say they will start codesharing on trans-Pacific flights from November this year.

Greece's finance minister has promised to stick with his plan for the country to post a primary surplus in 2012.

Investors cashed in their Exchenge Traded Funds (ETFs) in August, bucking the solid growth trend that has been in place for the past three years, figures show. ..

The Australian share market gained almost two per cent as investors remained optimistic European leaders were approaching a resolution of the debt crisis.