AXA Asia Pacific says it has rejected as inadequate a takeover proposal from rival Australian wealth management firm AMP. (The Australian)

Commonwealth Bank has reported a strong first-quarter profit, with business improving across the board, sending its shares sharply higher. (Sydney Morning Herald)

Job advertisements edged down in October, ahead of what could be a weaker official jobless figure to be released later this week. The total number of jobs advertised fell by 1.7 per cent in October following a 4.4 per cent gain in September, according to the ANZ Bank’s monthly survey. (The Age)