OneSteel has sacked 400 workers and has flagged more job cuts and possible steelworks closures as the industry reels from weak demand.

The Australian Bureau of Statistics has released its labour price index.

News from the world’s major stock markets.

Stocks of interest on the Australian Securities Exchange on Wednesday

The Reject Shop has reported a "disappointing" result as full year profit fell 31 per cent after the discount chain was caught in natural disasters.

Brambles' shares have soared after announcing plans to offload its information management subsidiary Recall.