Top business news

Iron ore drops below $US60
The big miners are being heavily sold off after the spot iron ore price fell below $US60 a tonne for the first time since May.
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Stocks to watch at close on Wednesday
Stocks of interest on the Australian Securities Exchange at close on Wednesday
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Melbourne fashion label to expand
A fast-growing Melbourne fashion label is wanting to grow its presence overseas and in Australia after successfully taking on the US market.
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Building approvals hit record highs
A record $57.6 billion of new homes have been approved for construction in the past 12 months, official data shows.
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NZ retailer launches takeover of Kathmandu
Kathmandu suitor Briscoe Group has launched an official $NZ1.80-a-share takeover bid for the outdoor retail chain.
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Woodside pushes ahead with Browse
Woodside Petroleum is pushing ahead with the design and engineering of its massive Browse offshore floating liquefied natural gas project off WA
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Samsung merger ruled ok
The proposed merger of two Samsung Group subsidiaries has been given the green light in a South Korean court.
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Greece seeks new loans after default
Crisis talks are set to resume in Brussels after Athens asked for a further 29.1 billion euros to cover its financing needs and restructure its debt.
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Price set for MG Unit Trust
The price for Murray Goulburn's special trust has been set at the lower end of its indicative range.
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Low home rent yields warn of overvaluation
Falling rental yields on housing add weight to the view that the housing market is in overvalued territory.
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