Australian shares look set to post gains
Local Australia Business Updates
The Aust share market is expected to open in positive territory on Monday, as investors look for bargains. Source: Sky News Australia
Ratings agency giants settle lawsuits
Local Australia Business Updates
Moody's, Standard & Poor's and Morgan Stanley have reached agreements to settle two lawsuits. Source: Sky News Australia
Aussie banks doing better than peers
Local Australia Business Updates
ANZ CEO says Australian banks are performing better than many of their overseas peers. Source
Business backs modest budget deficits
Local Australia Business Updates
AIG says it can live with modest budget deficits for four years if there is a credible pathway to surplus.  Source
Westpac drops fixed rate
Local Australia Business Updates
Westpac has dropped its one year fixed home loan rate for new customers to 4.79 per cent.
Source
Transfield positive despite plunge
Local Australia Business Updates
The boss at Transfield Services admits the company must fix its balance sheet but says the future is bright.
Source
Companies missing out on new technology
Local Australia Business Updates
More than half of Australian businesses are not confident they can take advantage of high speed broadband.
Source
China inflation slows to 2.1% in May
Local Australia Business Updates
China's inflation has slowed to 2.1 per cent in May year-on-year from 2.4 per cent in April.
Source