The US economy generated 117,000 jobs in July, slightly reducing the unemployment rate in a rare recent bit of good news for the struggling economy.

Almost $60 billion wiped from value of Australian stocks as markets plunge around four per cent on new global economic fears

Australian construction activity stayed in the doldrums in July, largely due to weak levels of new work, and poor consumer confidence, a report says.

The RBA's latest statement on monetary policy shows a central bank is worried about rising inflation but alert to increased international risks.

Shares in ResMed Inc have remained relatively steady during Friday's market slump, after the sleep disorder company posted a 19.4 pct annual profit rise.

Westfield Group says its half year distribution will be 24.20 cents per security.