Local shares are set to open lower as momentum faded in both Europe and on Wall Street though major benchmarkets hover near record highs.
BC Iron managing director Morgan Ball is confident the iron ore price will remain between $US90 and $US110 a tonne for the next 18 months, but longer-term he tips the supply surge by the majors will constrain it to between $US85 and US$95 a tonne.
Global property developer and investor Lend Lease has reported net profit after tax of $822.9 million - a 55 per cent rise - for the year to June 30, which was in line with its recent guidance, after the sale of the Bluewater shopping mall in the UK.
The federal government has done a poor job at selling its proposed $7 co-payment for medical care, Healthscope chief executive Robert Cooke says.
The world's biggest dairy exporter is planning on a partnership with one of China's biggest infant food manufacturers in a bid to grab a bigger slice of the burgeoning baby formula market.
McAleese chief executive Mark Rowsthorn plans to stick with the troubled transport group for the next few years as it tries to turn around its business following a fatal crash involving one of its Cootes petrol tankers last year.
Almost $170,000 worth of bets a Western Australian punter allegedly placed by SMS with bookmaker BetEzy were unlawful, a tribunal has found.
The Reserve Bank has warned that moves to unleash more home loan competition could increase risk in the financial system by pumping even more credit into the housing market.
The Vertigan report on cost-benefit equations for various broadband rollout options gives Labor's aborted fibre to the home project the dunce's cap. It reaches that conclusion after making assumptions about the future, however, and that's a fraught exercise.
Major television networks are staking positions in the new battleground of subscription-based streaming video.