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Australian Market Report: The Australian share market is set for an uninspiring start on Monday despite US shares closing on a positive note last week. Positive economic data from China and a good start to the US earnings report season meant Wall Street and Europe traded strong at the end of the week.
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RBA baffled by the 'tension' between a weak economy and strong employment. Are you struggling to understand what's going on in the Australian economy? Don't worry, you're in the same boat as some the nation's most qualified, highly-educated economists holed up in the Reserve Bank's Martin Place HQ.
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The Reserve Bank has warned that if property values continue to fall heavily, particularly in Sydney and Melbourne, it could push some borrowers into "negative equity". This is an undesirable situation where the amount owing on a homeowner's mortgage is higher than the value of their property.
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60 years on, equal pay looms for WA women. Women who earn less than men despite doing a similar job — even if they work for different companies in different industries — will be able to ask WA’s industrial relations umpire for a pay rise, under plans by the McGowan Government.
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With the Queensland Government facing mounting pressure by mining giant Adani to give final approvals for the proposed Carmichael mine, Premier Annastacia Palaszczuk has urged the company to fulfil its requirements and submit its outstanding rail plans. A letter obtained by ABC News shows Ms Palaszczuk wrote to Adani chief executive Lucas Dow last week, urging him to lodge outstanding approvals for the mine's rail corridor, which would take coal from the site to the Abbot Point terminal near Bowen in the state's north.
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Alto Metals Ltd’s (ASX:AME) board is still yet to make a formal recommendation to shareholders regarding the takeover offer from Middle Island Resources Ltd (ASX:MDI). On Wednesday, Middle Island reduced the minimum acceptance condition for the all-scrip offer from 90% to 50.1%.
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Miners target refugee camps for skilled workers. Australian mining companies are hoping to pluck skilled workers from refugee camps under a humanitarian program that could help fill a skills vacuum.
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Federal election 2019: Wesfarmers boss says Labor policy set to hit small business. Wesfarmers chairman Michael Chaney has warned that Labor’s living wage policy could “throw people” out of work, as new analysis shows small businesses will be hit hardest by the policy. Analysis of data from the the Household, Income and Labour Dynamics in Australia survey shows that low-paid employees are most likely to work for small businesses.
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Recycling industry demands federal action as mountains of rubbish build up
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All eyes on the Murdoch family's next move
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Glyphosate, Roundup now banned in Australia's fourth-largest grain market of Vietnam. Vietnam, one of Australia's largest markets for wheat exports, has banned the use of the widely-used herbicide glyphosate.
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Perth car retailing king John Hughes had predicted the proposed takeover of Automotive Holdings Group by east coast rival AP Eagers could return profitability to the dealership market after years of “fierce competition”. Mr Hughes, who runs WA’s biggest independent car dealership out of Victoria Park, said it was too early to tell what effect the tie-up would have on his business but the pitch by Brisbane-based AP Eagers was “timed right”.
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High household debt and shrinking economic growth are clouding Australia's financial stability, while the property price slump in Sydney and Melbourne could lead to a renewed tightening of credit, the Reserve Bank says. The RBA said on Friday that while domestic economic conditions remain broadly supportive of financial stability, risks to the household sector had increased over the past six months given weak house prices.
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Copper fell on a stronger US dollar and worries about a global slowdown while lead touched its lowest in more than three months on concern that weak car sales would dampen demand for vehicle batteries.
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The consumer watchdog says price compare website iSelect misled customers for two years by recommending energy retailers that paid it higher commissions. The Australian Competition and Consumer Commission alleged on Friday that since at least November 2016, iSelect claimed consumers using its website would benefit from iSelect comparing all energy plans available from its partner retailers in a specific location.
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Telstra, TPG, Vocus and Optus say they aren't an NBN bottleneck. Telstra and Vocus, who are among a handful of telcos that supply dark fibre or backhaul services to and from NBN points of interconnect, say their services are not a bottleneck to the NBN user experience, and that any bottleneck sits with NBN Co itself.
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President Donald Trump, renewing his attack on the Federal Reserve claimed the stock market would be “5000 to 10,000” points higher had it not been for the actions of the U.S. central bank. “If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points,” the president tweeted on Sunday. “Quantitative tightening was a killer, should have done the exact opposite!”
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$33 billion deal in Big Oil: Chevron is buying Anadarko Petroleum
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Is Uber really worth $100bn? Everything about Uber is big. The taxi app and delivery business is America's biggest venture capital-backed company. It is forecast to raise $10bn ($7.6bn) when it sells its shares on the New York Stock Exchange - one of the largest amounts on record.
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Greenlane IPO: 5 things to know about the closest thing to a U.S. cannabis company to go public on Nasdaq
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Netflix will have passed the 150 million global subscriber mark when it reports its latest results this week, as new releases such as the comedy Sex Education and grittier fare including Marvel’s The Punisher lure viewers to sign up.
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Britain’s ruling Conservative Party cannot let itself be defined solely by Brexit, Prime Minister Theresa May’s de facto deputy said on Sunday, as polling showed failure to leave the European Union on schedule has badly damaged its support.
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To the global elite, warnings from hedge-fund guru Ray Dalio that capitalism must reform or face revolution sound fresh and provocative. To Hong Kong’s Li Ka-shing, the question is what took you so long? The real estate billionaire was ahead of Dalio’s April 5 treatise on the dangers of mushrooming inequality by about five years. And you can find the roots of Dalio’s words in Li’s 2014 “Sleepless in Hong Kong” speech.
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America's banks are big. China's are massive. New York might be the financial capital of the world, but China is home to the planet's mightiest banks. The top four banks in the world are from China, according to the latest annual rankings by S&P Global Market Intelligence.
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Why Japan’s 10-Day Break Has Markets Worried. Japan’s extended spring vacation, when a series of national holidays bunch up, is known as “Golden Week.” This year adds the May 1 accession of the new emperor, Crown Prince Naruhito, to the mix.
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The Economic Chill Gripping Dubai in Five Charts
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India's economy added $1 trillion under Modi but not the millions of jobs it needs. Narendra Modi had lofty ambitions for India when he came to power in a landslide election win in 2014. The prime minister and his Bharatiya Janata Party (BJP) promised to overhaul the economy and create millions of jobs for young people, saying they would reverse a decade of "jobless growth" under the previous government.
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