The public-to-private revolution may be over, write Richard Wachman and Tim Webb.
* Oil hits five-week low as equities fall, dollar rises * Societe Generale says oil expected to average $60 in July
The Australian market slipped just over 1 per cent today, bringing up a fall of 2.5 per cent since last Thursday’s close.
(Adds analyst comment) By Mette Fraende
Rio Tinto says Chinese buyers are choosing to pay spot market prices for iron ore and it is shipping material from its Western Australian mines at record rates.
* Aussie near two-week low against yen as risk demand fades * RBA seen holding rates at record low of 3% on Tuesday
* Dollar underpinned by worries over global recovery * Yen rises across the board as Nikkei slides 1.5 pct
General Motors won approval to sell most of its assets to a US Treasury-funded buyer, cementing the Obama administration’s efforts to remake the auto industry.
Canberra’s Embassy Motel is being demolished after nearly 50 years.
CommBank says it has solved an internal software problem that dogged its online banking services.
