Top business news

Vocation posts $273m loss
Vocation has posted a first half loss of $273 million amid writedowns and provisions linked to its Victorian businesses.
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Myer boss Bernie Brookes steps down
Myer boss Bernie Brookes will leave the company after eight years, to be replaced by the company's supply chain chief Richard Umbers.
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Govt urged to help as manufacturing fades
Australia's manufacturing sector has contracted for the third straight month, prompting calls for the government to cut the company tax rate.
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Orica announces $400m share buyback
Orica has announced a $400 million share buyback after completing the $750 million sale of its chemicals business.
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Quickflix posts $8.6m H1 loss
Video streaming service Quickflix more than doubled its first half loss to $8.6 million ahead of the launch of rivals Netflix and Stan.
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Aurizon faces $28m cyclone hit
Damage inflicted by Cyclone Marcia in north Queensland could cost rail operator Aurizon between $24m and $28m.
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PayPal stops processing Mega payments
Kim Dotcom-backed Mega says PayPal has stopped processing its payments following pressure from Hollywood and credit card companies.
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Aust bond futures prices lower
Australian bond futures prices have moved lower.
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Finance News Update, what you need to know
Finance News Update, what you need to know
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Sri Lanka cancels foreign miner licences
The new Sri Lankan president has cancelled the licences of 16 foreign - but unidentified - miners to look for blue sapphires and other gems.
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