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.
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.
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.
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.
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.
Blackmores buys Global Therapeutics
Blackmores will buy Global Therapeutics, an Australian provider of retail Chinese herbal medicine formulations.
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.
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.
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.
Bonds up as RBA slashes inflation outlook
The bond market has strengthened as the chances of a near-term rate cut improve.