News&Markets

Hedge fund billionaire selling private resortHedge fund resortInsanely rich hedge fund founder Paul Tudor Jones II is selling his beachfront mansion in the Florida Keys for $18.62 million.
Economy showing signs of recoveryThe latest Westpac/Melbourne Institute Leading Index shows the Australian economy is improving but is still growing at a sluggish pace. Programmed shares up on resultProgrammed Maintenance Services shares are higher after its full year result beat expectations, despite a slide in profit. Wool clip lowest in six yearsThe wool clip for this season is expected to be 5.4 per cent lower than last season and to fall further next season.
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Australian market news

10:54 AM
Australian shares are lower, led by BHP which is being sold off as some investors consider the mining giant unable to withstand routs in commodity prices.
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