The US Federal Reserve will temporarily sideline its normal focus of targeting inflation to focus on creating jobs for millions of Americans cast out of work over the past six months.
Investors have welcomed the news, assured that interest are now certain to stay close to zero for years.
Woolworths chief executive Brad Banducci has forfeited his performance bonus as the supermarket giant returns $500 million in backpayments to underpaid workers.
In handing down a 57 percent fall in full year profit to $1.16 billion , Mr Banducci said he was embarrassed about the underpayments as the company braces for a steep fine from the Fair Work Ombudsman.
Mr Banducci tells ABC's Peter Ryan he's bracing for a penalty from the Fair Work Ombudsman.
ALDI Australia chief executive Tom Daunt says border closures aren't hurting supermarket supply chains yet but are difficult to manage.
Mr Daunt says shoppers appear to be calmer that at the height of the crisis and accept the "new normal" will remain until a vaccine emerges.
Westfield shopping mall owner Scentre Group has posted a $3.6 billio first half loss as pandemic carves $4.1b off asset valuations.
Mosaic Brands, locked in rent dispute with Scentre, says it might close between 300 & 500 stores, as it reels from $170m full year loss.
As the AMP board once again confronts deep cultural problems, the Australian Shareholders Association says the man at the centre of sexual harassment complaints Boe Pahari should not join chairman David Murray in leaving the wealth company.
Spokesman Ian Graves tells ABC's Peter Ryan that Mr Pahari has paid a big penalty for his behaviour and it is now up to the AMP board to restore the company's reputation.
AMP chairman David Murray and director John Fraser have resigned over the company's handling of a series of sexual harassment complaints against top executive Bo Pahari.
Mr Murray conceded his decision to quit followed "feedback expressed by some major shareholders".
