Here’s today’s biggest business news:
- The local market has closed in the red, retracing most of Monday’s gains as the big four banks’ gave a mixed performance.
- The Reserve Bank has held rates steady, with Glenn Stevens’ 110th and final monetary policy statement scant on clues to any future cut.
- Australia Pacific LNG has commissioned an $80 million pipeline to help send gas to Sydney and Adelaide, as east coast prices push higher.
- Queensland Nickel’s CFO warned Clive Palmer of multi-million dollar shortfall and inability to pay debts in September 2015, a court has heard.