Anglo American rejects BHP's $60 billion takeover offer, saying it undervalues the company. Plus, the federal budget surplus is tipped to hit $20 billion, renters squeezed by an extra $50 per week, and Microsoft and Alphabet report earnings.

<p>Anglo American rejects BHP's $60 billion takeover offer, saying it undervalues the company. Plus, the federal budget surplus is tipped to hit $20 billion, renters squeezed by an extra $50 per week, and Microsoft and Alphabet report earnings.</p>

As the market closes each day, Ross Greenwood brings you breaking business news you can’t afford to miss.

<p>As the market closes each day, Ross Greenwood brings you breaking business news you can&rsquo;t afford to miss.</p>

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