UniSuper picks fight with union

Chris Cuffe, chairman of Unisuper, whose chief executive opposes a royal commission.

UniSuper boss Kevin O'Sullivan is copping flak from the $52 billion superannuation fund's union stakeholders pressuring him to recant his opposition to calls for a royal commission into the banks.

Iron ore to retreat, says Itau's Passos

IOre with 62 per cent content delivered to Qingdao climbed 5.3 per cent to $US66.24 a tonne on Friday.

(Bloomberg) -- Iron ore's surprise rally may be a thing of the past in just three months. Rising supply will top demand once more and the sudden jump in speculative trading in China that's helped support gains is set to fizzle out, according to Brazil's Itau Unibanco Holding SA.

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