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Building approvals 'passed their peak'

Building approvals appear to have passed their peak but will continue flowing through to construction, which will support the economy.

3D printer seeks ASX presence

Three-dimensional printer 3D Group is set to gain a presence on the Australian Securities Exchange in a reverse takeover deal with Oz Brewing.

Figures illustrate economy's woes

Credit, building approvals and export prices data on Thursday illustrate the problems the economy faces and confirm its rebalancing still has a way to go.

Woodside buyback plan set to fail

Woodside Petroleum's plan to buy back $US2.7b in shares from Shell looks set to fail, with almost 29 per cent of votes opposing the move.

Banks aren't bastards, says NAB boss

The departing boss of National Australia Bank says banks need to do more in explaining their big profits to the public and improving their image.

Hyundai recalls 883,000 Sonatas

Korean carmaker Hyundai is recalling nearly 900,000 cars because a gear shift problem that increases the risk of a crash.

Kawasaki recalls 11,000 vehicles

Kawasaki is recalling about 11,000 four-wheel drives after two people were injured by debris breaking through the floors of the vehicles.

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Hong Kong shares end 0.10% higher

AAP 7:12PM Stocks HK Close Update

Rolls-Royce's underlying profit falls

LONDON, July 31 AFP 6:51PM British aircraft engine maker Rolls-Royce says that underlying profit fell by a fifth on the back of a weaker performance by its defence and marine businesses.

Asian stocks mixed, US growth weighed down

HONG KONG, July 31 AFP 6:47PM Asian markets were mixed after US data showing the world's top economy grew much more than expected in the second quarter was offset by late profit-taking.

Panasonic profit dips 65%, inks Tesla deal

TOKYO, July 31 AFP 6:23PM Panasonic has posted a $US369 million ($A399.24 million) net profit for the three months to June, plunging 65 per cent from a year ago when the Japanese electronics giant logged a ...

Hastings Deering jobs going in August

BRISBANE, July 31 AAP 6:08PM Mining services company Hastings Deering now says it will be retrenching about 400 staff in August.

Woodside buyback plan set to fail

PERTH, July 31 AAP 6:03PM Woodside Petroleum's plan to buy back $US2.7 billion worth of shares from Royal Dutch Shell looks set to fail.

European stock markets diverge at open

AAP 5:45PM Stocks Europe Open

Tokyo stocks close down 0.16%

AAP 5:25PM Stocks Japan Close Update

Lloyds bank interim net profits halves

LONDON, July 31 AFP 5:27PM Britain's state-rescued Lloyds Banking Group says net profits slumped 57 per cent in the first half, hit by compensation for insurance mis-selling and fines over Libor rate rigging...

$A lower on US Fed, economic growth data

SYDNEY, July 31 AAP 5:21PM The Australian dollar is lower on the back of stronger-than-expected US economic growth figures and more upbeat language from the US Federal Reserve.