Top business news

US payrolls gain smallest in seven months
Non-farm payrolls increased by 160,000 jobs last month as construction employment barely rose and the retail sector shed jobs.
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Rio Tinto in Mongolia mine expansion
The expansion of the Oyu Tolgoi mine will proceed after Rio Tinto, the Mongolian government and another partner agreed on a $US5.3 billion investment plan.
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Excalibur Tata buyout team to meet banks
Excalibur Steel will hold talks with banks present its proposal to save the loss-making Tata Steel from the threat of closure.
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Rio Tinto to begin work on Oyu Tolgoi
Rio Tinto plans to begin work on the next stage of its $US6.4 billion Oyu Tolgoi mine in Mongolia, with first produciton slated for 2020.
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Baby seat maker to close Melbourne factory
Baby seat manufacturer Britax will close its Melbourne factory in 2017, leaving some 80 workers out of a job, as it moves production offshore.
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Blackmores buys Global Therapeutics
Blackmores will buy Global Therapeutics, an Australian provider of retail Chinese herbal medicine formulations.
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DateTix active member base up 30%
DateTix Group's DateTix app has continued to experience strong growth, increasing the number of monthly active members across its platform.
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InterContinental confident on full-year
InterContinental Hotels Group says it was confident for the rest of the year, citing current trading trends and brand momentum.
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Tech company pins hopes to diabetes drink
A medical technology company has released a product which it says has the potential to help millions of diabetes sufferers.
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Bonds up as RBA slashes inflation outlook
The bond market has strengthened as the chances of a near-term rate cut improve.
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