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AUST SHARES FACE CAUTIOUS START TO WEEK

Australian shares look set for a cautious start to the week ahead of the federal government handing down its mid-year budget review and with it the risk it might lead to… Read more at: http://www.sbs.com.au/news/article/2016/12/18/aust-shares-face-cautious-start-week

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UNEMPLOYMENT RATE RISES TO 5.7%

The jobs market is showing signs of improvement with a surprise jump in the number of people in full-time work, but the unemployment rate edged higher as… See more at: http://www.skynews.com.au/business/business/national/2016/12/15/unemployment-rate-rises-to-5-7-.html#sthash.tf1ondxB.dpuf

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FINANCE MINISTER MATHIAS CORMANN SAYS BUDGET IS STILL FORECAST TO RETURN TO SURPLUS IN 2020/21

FINANCE Minister Mathias Cormann says the Turnbull government will get the budget back to surplus as soon as possible but won’t lock itself into an artificial deadline. “We need to make decisions that are… Read more at: http://www.heraldsun.com.au/news/finance-minister-mathias-cormann-says-budget-is-still-forecast-to-return-to-surplus-in-202021/news-story/08ffe61bca2d6e30ce16855db1e66169

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AUSTRALIAN STOCKS GO NOWHERE: WHAT YOU NEED TO KNOW

Australian stocks marginally higher. Today’s scoreboard: S&P ASX 200: 5,562.80 +2.18 +0.04% All Ordinaries: 5,619.10 +3.32 +0.06% AUD/USD: 0.7452 +0.0003 +0.04% The local market held on to last week’s 2% gain after an… Read more at: http://www.businessinsider.com.au/australian-stocks-go-nowhere-what-you-need-to-know-2016-12

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ANZ, NAB AND Westpac RATE RIGGING CASE COULD DRAG INTO 2018

The Australian Securities and Investments Commission’s cases against ANZ Bank, National Australia Bank and Westpac for the alleged rigging of the bank bill swap rate could be heard together in a trial that may extend into 2018. However, rather than having the three cases heard…

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TRADE DEFICIT BLOWOUT RAISES RECESSION RISK, WARNS ECONOMIST

Australia runs a small risk of entering technical recession, according to a leading private sector economist, after worse-than-expected October data showed the trade deficit blowing out.  The nation’s imports exceeded exports by $1.54 billion in October, $269 million worse than…

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ENERGYAUSTRALIA’S $1.5BN FOR RENEWABLES

EnergyAustralia will invest $1.5 billion in new wind and solar projects across eastern Australia as part of a move towards renewables. The electricity provider has… http://www.sbs.com.au/news/article/2016/12/07/energyaustralias-15bn-renewables

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STOCKS RALLY AS COMMODITY PRICES EYED

The Australian sharemarket has bounced off two days of heavy losses, despite fading from its morning high as the big banks lost momentum. The gains were driven by the resources sector once more, as traders eye stronger cashflows in 2017…

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NAB AND Westpac RAISE SOME MORTGAGE RATES

National Australia Bank and Westpac have raised interest rates on certain types of mortgages as Australia’s biggest lenders seek to offset some of the pressure on their margins. NAB on Monday said it will… – See more at: http://www.skynews.com.au/business/business/market/2016/12/05/nab-and-westpac-raise-some-mortgage-rates.html#sthash.4ifMTnGK.dpuf

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