- The Australian market is trading higher, buoyed by
a jump in BHP shares on the back of a strong production report, but investors
remain wary ahead of US jobs figures.
- Mining giant Rio Tinto is likely to axe hundreds of
back office jobs after signing an outsourcing deal with US technology company
IBM. io has signed a $100 million, 10-year deal with IBM that will allow the
miner to cuts costs in areas such as human resources, finance,
information technology and procurement.
-
Shares in the country's two biggest banks, Commonwealth and Westpac, are edging ever closer to their record highs of earlier this year.
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