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Construction steel product rebar on the Shanghai Futures Exchange closed up 2.2 per cent at 3217 yuan ($US468) a tonne.

Iron ore poised to top $US80/tonne

​Steel and iron ore futures in China rose for a fourth straight day on hopes construction activity would pick up next year.

Reserve Bank Governor Philip Lowe says 'some slowing' in economic growth is likely before a pick-up next year.

Experts think economy has gone backwards

Financial market analysts believe the economy went backwards immediately after the July election, ending 5 years of continuous growth and calling into question the government's repeated promise to "deliver jobs and growth".

Illustration: John Shakespeare.

No one spared in Surfstitch wipeout

Surfstitch investors were calling for accountability at its recent AGM after suffering one of the worst IPO wipe outs of the decade - and boy have they got it.

Former Quiksilver chairman and chief executive Harry Hodge has joined Surfstitch's board.

How the surf brands missed the wellness wave

Surfstitch founders Lex Pedersen and Justin Stone have quit the board of the troubled action sports group amid mounting criticism of a series of costly acquisitions.

Funding for Australia's payphones is on the line

Time to scrap Telstra's $3 billion 'gravy train'

Telstra is likely to lose billions of dollars in funding over the next 20 years if the government backs a recommendation to scrap a requirement on the telco to provide "universal access" to telephone lines and payphones.

ASX claws back Monday's losses.

Miners lead ASX rebound

A lift in commodity prices saw investors pile back into shares on Tuesday, with miners and industrials leading the charge.

RBA governor Philip Lowe's decision to hold rates steady is enough to keep standard variable home loan rates near 5 per ...

RBA holds rates amid fears of negative growth

The RBA kept its cash rate on hold in the lead-up to Christmas, playing down concerns over sliding business investment and a likely collapse in economic growth to keep the rate at 1.5 per cent.

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Adani mine project moves forward

Jobs, regional investement, and the battle against climate change... all will benefit, say Premier Annastacia Palaszczuk and Adani CEO Jeyakumar Janakaraj at an announcement in Townsville. Vision courtesy ABC News 24

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