Top business news

Average US rate on 30-year mortgage drops
The average long-term US mortgage rate has dropped to a new low of 3.84 per cent, a level not seen since May.
Housing market boosts Harvey Norman
The company says sales are up in the first few weeks of the new financial year, as it posts a 2015 net profit of $268.1 million.
RBA unlikely to change rate stance
The Reserve Bank is tipped keep the cash rate unchanged on Tuesday, and is unlikely to flag any future cuts despite recent market turmoil.
Fed's Fischer: 'haven't made decision yet'
No decision has been made yet on raising interest rates at the US central bank's September meeting, Federal Reserve Vice Chair Stanley Fischer says.
US stocks open lower
As a turbulent week on global markets winds down US stocks have dipped in opening trade.
US consumer spending ticks up in July
US consumer spending rose by 0.3 per cent in July while incomes grew at a steady pace and consumer prices barely edged up.
Brazil enters recession in second quarter
In the second quarter of this year, gross domestic product slipped 1.9 per cent. GDP had already been down 0.7 per cent in the first quarter,
Greek economy grew by 0.9% in Q2
Positive Greek economic figures have come as a surprise as the period was marked by fraught talks between Greece and its international creditors.
TWU slams Joyce's $11.9m pay packet
The national secretary of the Transport Workers Union has slammed Qantas CEO Alan Joyce's 11.9 pay packet.
Battered oil and gas players enjoy lift
Australia's oil and gas players are enjoying share price gains after oil prices rose 10 per cent, but it may not lost.