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After Zimbabwe shock, Australia seek boost
Australia must overcome the embarrassment of losing to Zimbabwe and the departure of captain Michael Clarke to injury when they take on South Africa in the fifth match of a one-day triangular series on Tuesday. Clarke’s hamstring problem flared up during his innings of 68 against Zimbabwe on Sunday, and insult was added to injury when the hosts chased down a target of 210 to pull off one of the ...
Mon, 01 Sep 2014 10:51:58 -0700

Australia's central bank keeps rates at 2.5%
Australia's central bank kept interest rates on hold at a record low 2.5 percent Tuesday as it flagged an accommodative monetary policy and stepped up its rhetoric against the local dollar. The Reserve Bank of Australia said it was prudent to maintain a "period of stability in interest rates" to support demand and growth in the economy as it shifts away from a dependence on mining. "In the board ...
Mon, 01 Sep 2014 23:38:30 -0700

Australia leans toward buying Japan subs to upgrade fleet: sources
By Tim Kelly and Nobuhiro Kubo TOKYO (Reuters) - Japan and Australia are leaning towards a multibillion-dollar sale by Tokyo of a fleet of stealth submarines to Canberra's military in a move that could rile an increasingly assertive China, people familiar with the talks said. An agreement is still some months away, three people said, but the unprecedented sale of off-the-shelf vessels based on ...
Mon, 01 Sep 2014 01:55:41 -0700

Australia to step up formal partnership with NATO at summit
Australia is set to step up its partnership with NATO, its foreign minister said on Tuesday, as the country pursues a bigger role in global crises from Iraq and Syria to Ukraine. Prime Minister Tony Abbott, who is due to host Russian President Vladimir Putin and other world leaders at a G20 summit in November, has used a number of recent speeches to signal a more muscular approach to foreign ...
Mon, 01 Sep 2014 22:52:45 -0700

Australia's Senate votes to repeal mining tax in win for Abbott
By Matt Siegel SYDNEY (Reuters) - Australia's upper house Senate voted on Tuesday to scrap a tax on mining industry super profits, a major victory for conservative Prime Minister Tony Abbott that has fueled accusations that he is in the pocket of global mining giants. Abbott made abolishing the Mineral Resource Rent Tax (MRRT) one of the centerpieces of his campaign, but it has been stalled in ...
Tue, 02 Sep 2014 01:05:10 -0700

Australia axes contested mining tax
Australia on Tuesday agreed to scrap a contested resources profits tax after the government struck a surprise deal with crossbench senators, including mining tycoon Clive Palmer. The Minerals Resource Rent Tax (MRRT) was introduced by the previous Labor administration in 2012, with a levy on annual profits above Aus$75 million (US$70 million) on iron ore and coal at a rate of 30 percent. It was ...
Tue, 02 Sep 2014 00:58:48 -0700

Australia's central bank keeps rates low amid moderate growth
Australia's central bank kept interest rates at record lows for the 12th straight policy meeting on Tuesday and seemed content to stay on the sidelines for a while to come as the economy wrestles with a waning mining boom. The local dollar (AUD=D4) held at $0.9295 as the Reserve Bank of Australia (RBA) said the currency was overvalued by most measures but stopped short of actively trying to talk ...
Mon, 01 Sep 2014 22:26:47 -0700

Australia to fly guns and ammunition into Iraq
CANBERRA, Australia (AP) — An Australian military aircraft will soon fly guns and ammunition to the northern Iraqi city of Irbil to help Kurds fight Islamic State militants as part of a U.S.-led multination mission, Australia's prime minister said on Sunday.
Sat, 30 Aug 2014 23:47:05 -0700

Australia GDP preview: 'Smoke without fire'
Second quarter growth data will likely paint a grim picture of Australia's economy on Wednesday as it reels under slowing exports and consumption.
Mon, 01 Sep 2014 20:39:37 -0700

Australia ratchets up sanctions against Russia
CANBERRA, Australia (AP) — Australia on Monday ratcheted up sanctions against Russia in line with the United States and European Union in response to Russian soldiers openly violating Ukraine sovereignty.
Sun, 31 Aug 2014 23:49:31 -0700

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