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Australia's growth rate fell to 0.3 per cent in the September quarter, less than half the rate expected by market analysts, resulting in annual growth sliding to 2.7 per cent.
Woolworths has bought itself a foothold in China's growing wine and drinks market, acquiring one of the country's largest alcoholic drinks distributors.
Oil prices have tumbled after the Iraqi government and autonomous Kurds struck a deal that will boost the country's crude oil exports to an already oversupplied global market.
Crude oil prices have bounced back sharply from five-year lows in what analysts say may be just a technical correction after last week's $US10-a-barrel plunge.
Gold prices have surged to a one-month high as a rush of haven buying sparked by Japan's credit-rating downgrade forced bearish investors to clamour for the exit.
Shares in grocery wholesaler Metcash have dived 13 per cent after the IGA Supermarkets brand owner flagged a slide of more than 20 per cent in its full-year earnings.
Mining billionaire Gina Rinehart has called on business leaders to speak up against government regulations she says are making it harder for Australia to compete.