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  • Telcos call for end to 'outdated' USO

    Telcos want changes to the Telecommunications Universal Service Obligation after the Productivity Commission said it was no longer relevant.

    RBA pre-empts weak GDP

    Reserve Bank pre-empts weak GDP

    Australia's central bank keeps rates unchanged

    Australia's central bank held interest rates at a record low of 1.50 percent Tuesday despite a recent run of soft economic data but weak inflation figures kept the door open for future cuts.

    US body fines Credit Suisse $16.5 mn for lax controls

    A US financial industry watchdog fined Credit Suisse $16.5 million for lax oversight to prevent money laundering, the agency announced Monday.

    Economy contracts?

    Economy contracts? Record crop forecast

    India-backed Australia mega coal mine to start work mid-2017

    A controversial India-backed Aus$21.7 billion (US$16 billion) giant coal project near Australia's Great Barrier Reef is set to start construction by the middle of next year, the miner said Tuesday.

    RBA content with weak Sept GDP

    The Reserve Bank is expecting a downside surprise for growth forecasts, but seems content with the current financial conditions and the economic outlook.

    CommSec Daily Report Tuesday

    Australian shares are recouping Monday?s losses at lunch ahead of the Reserve Bank?s monthly meeting this afternoon.

    Amazon testing cashier-free retail store

    Amazon on Monday unveiled a new kind of retail store, with no cashiers.

    Italian banks on edge as Renzi quits

    The fate of key Italian banks was up in the air Monday as investors feared that Prime Minister Matteo Renzi's resignation would threaten their recapitalisation plans.

    UK Supreme Court begins hearings on Brexit challenge

    Britain's Supreme Court began an historic hearing Monday to decide whether parliament has to approve the government's Brexit negotiations, in a highly-charged case that could delay the country's EU exit.

    Australia's Billiton wins Mexico oilfield deal

    Australian mining company BHP Billiton on Monday won a deal to explore for oil deep in the sea off Mexico, the country's state petroleum firm Pemex said.
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