Markets
Aussie shares: Another poor performance for banks drags the market lower by about 1%.
Asian shares: Key indexes across the region retreat as worries about financial stocks deters buyers.
Dollar: The Aussie dollar claws back ground, recently trading at 65.33 US cents.
Oil: Crude oil tops $US41 a barrel even as demand set to sink.
Gold:
Top stories
A much-anticipated rights issue is imminent for Wesfarmers with as much as $2 billion sought to help pay back debt, Michael West writes.
The party is over for David Jones as it scales back fashion spending and lowers its forecast.
BHP Billiton unveils plans to cut some 3,400 jobs in Australia and close some operations in WA and Queensland.
BusinessDay
