Company Interview / Market Update| Fed, Santos, Macquarie Group, Coal, Endeavour, Emissions, Jobs

The U.S. Federal Reserve has cut interest rates by an expected 25 basis points with Fed Chair Jerome Powell citing the need to support the economy in light of a weak jobs market.

The $36 billion takeover offer for Santos has collapsed just two days before the deadline for a binding deal was to be signed, with Abu Dhabi National Oil Co scuppering the deal.

Semafor is reporting Macquarie Group and Carlyle held takeover talks recently to create a $1 trillion dollar powerhouse -- but that the discussions have sinced fizzled out.

Anglo American is cutting more than 200 jobs at its division due to high state royalties and weak coal prices.

And Endeavour has appointed Woolworths exec Jeanette Fenske to head its BWS liquor chain

The Australian Government has committed to cutting its emissions by 62 to 70 per cent by 2035

Australian employment unexpectedly fell in August as full-time positions declined after a sharp rise the previous month, while the jobless rate held steady at 4.2%.