au-hotdailynews: 2015-09-29 Australia Business

BHP, Rio shares crash to fresh seven-year lows
The Australian
BHP Billiton and Rio Tinto have slumped to fresh seven-year lows on the back of tumbling international markets and concerns over Chinese economic strength, losing more than $10 billion in market value between them and raising more questions about the ...

BHP Billiton shares hit seven-year low amid Glencore rout   Sydney Morning Herald
Share market sheds more than $40 billion as commodities tank; BHP Billiton ...   ABC Online
Share market sheds more than $40 billion as commodities tank; BHP Billiton ...   Radio Australia
Bloomberg
Motley Fool Australia
all 46 news articles »

ASX sharply lower at noon amid resources rout
The Australian
The local sharemarket has plunged below the key 5000-point level amid a sharp sell-off in resources stocks following a global rout which saw US and European markets down as much as 3 per cent. The weakest Chinese industrial profits in four years ...
Aust stocks slump 2.3% at open   Courier Mail
Australian shares slump in early trade, with resource sector hardest hit   9news.com.au
Australian shares open sharply lower on resources hit   SBS
NEWS.com.au
Herald Sun
all 59 news articles »

Kathmandu has seen net profit after tax fall 51 per cent. Michel O'Sullivan
The Australian Financial Review
Weak sales and crunched margins have caused troubled adventure wear retailer Kathmandu's full year profit to fall 51.7 per cent. Net profit after tax fell from $NZ42.2 million in 2014 to $NZ20.4 million while earnings before interest and tax plunged 48 ...
Kathmandu quits UK as profit dives 51.7%   The Australian (blog)
Kathmandu FY profit tumbles 52%   Herald Sun
Kathmandu to exit UK as FY15 profit slumps   CommBank MyWealth
TheBull.com.au
Business News
all 27 news articles »

Glencore slammed to fresh low as fears mount
The Australian
Investors have pounded shares of Glencore, sending the giant miner and trader down nearly 30 per cent to a new all-time low amid fresh concerns that persistently low commodity prices will cripple its debt-laden balance sheet. The Swiss company's stock ...
Glencore in debt's death grip, Ivan Glasenberg confronts mortality   The Australian Financial Review
Glencore could be the resource sector's Lehman Brothers   ABC Online
Glencore shares take a battering   Sky News Australia
Bloomberg
Livemint
swissinfo.ch
all 347 news articles »

Loss-making home resales rise: RP Data
The Australian
A “sharp correction” in house prices in mining regions due to the resources sector slowdown contributed to a rise in the percentage of home resales that were loss-making in the June quarter, RP Data has found. According to CoreLogic RP Data's latest ...
Apartments sold at a loss hit 12.6pc, CoreLogic RP Data says   The Australian Financial Review
Lots of gain, some pain in housing   Sky News Australia
New CoreLogic RP Data figures reveal a third of sellers doubled their money in ...   NEWS.com.au
Herald Sun
SBS
CommBank MyWealth
all 11 news articles »

Commodity exporters set to lose 1pc of economic growth: IMF
ABC Online
The International Monetary Fund has warned that commodity exporting countries like Australia face a further economic slowdown over the next two years if commodity prices keep falling. A new study by the IMF has found that the weak outlook for energy ...
Digging ourselves out of the commodity rut   The Australian
IMF: Commodities slump could hold growth rates lower for longer   The Australian Financial Review
IMF Tells Australia 'Get Used to Slowing Growth'   Daily Reckoning - Australian Edition
NEWS.com.au
Courier Mail
Business Insider Australia
all 84 news articles »

Hamish and Andy consolidate radio ratings gains for Hit network
The Australian
The Hamish and Andy effect continued, particularly in Melbourne and Brisbane, with the returning duo lifting Fox and hit105.3 significantly and taking share from ARN's KIIS network and Nova. 2GB and 3AW held strong leads in Sydney and Melbourne ...

Hamish and Andy propel Fox Hit 101.9FM to the lead in Melbourne radio ratings   Sydney Morning Herald
Hamish and Andy hold steady; WSFM wins FM breakfast battle   AdNews
Sydney radio ratings: Hamish and Andy post minimal drive time boost as 2DayFM ...   MuMbrella
Radioinfo (subscription)
all 9 news articles »

Roy's plea to change business ways
The Australian
Assistant Minister for Innovation Wyatt Roy. Picture: Peter Wallis Source: News Corp Australia. Newly appointed Assistant Minister for Innovation Wyatt Roy says the Turnbull government will leave no stone unturned in its quest to embrace innovation and ...

Consumer confidence falls   Sky News Australia
Australia just got some worrying news on the outlook for consumer spending   Business Insider Australia
Startup nation: the rhetoric and the reality   The Conversation AU
Roy Morgan Research (press release)
all 33 news articles »