Iron ore has tumbled through $US80 a tonne to its lowest price since September 17, 2009, amid concerns China won’t take further action to bolster its economy.
Australia's dollar dropped to a seven-month low and South Africa's rand slid as a slump in prices for raw materials curbed demand for the currencies of commodity-producing nations.
Concern about a potential economic slowdown in China has pressured world stock indexes, giving local shares a soft lead. Miners will also be in focus after the price of iron ore tumbled below the $US80 per tonne mark. The Australian dollar also contoinued its slide, falling below 89 US cents overnight.
Big business has hit out at proposed changes to competition laws that will make them more responsible for the financial woes of their smaller rivals.
Applying the broadest of brushes, the big winners from Monday's draft review of Australia's competition law and policy is small business and the Australian Competition and Consumer Commission. The biggest losers will be the dominant players in various industries but particularly the big supermarkets, Coles and Woolworths.
Iron ore prices will remain around current levels, according to China Iron and Steel Association
Lindsay David's new book on Australia deserves a medical disclaimer: reading this will greatly raise your blood pressure.
Woolworths' cheap loaf of bread has prompted a bigger discount from Supabarn.
The combined online, print, tablet and mobile audience of The Canberra Times remains at its highest level since the introduction of the Enhanced Media Metrics Australia measurement system in June 2013.
Wesfarmers Industrial and Safety managing director Olivier Chretien says it could take years to achieve significant earnings growth from the $180 million acquisition of Pacific Brands' Workwear business.
The committal hearing of a Malua Bay resident charged with serious drug offences has been delayed.