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Perth is open for business, so what’s holding us back? Perth seemed to miss the austerity memo when the rest of the world battened down the hatches during the global financial crisis. Instead, we just kept on building. Hipster restaurants and entertainment districts sprang up in forgotten places while thousands of extra hotel rooms — 3807 to be exact — introduced competitive rates.
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Mixed response from banks to PM's $1b small business pledge. Some of the nation's biggest banks and the largest super funds have rebuffed Prime Minister Scott Morrison's pledge of a $1 billion small business growth fund, putting the government's forecasts in doubt. On Tuesday, Mr Morrison announced a $100 million investment from government to seed the fund and the amount has been matched by National Australia Bank and HSBC bank.
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Australia may be on the cusp of a new generation of electric cars, but could the production of environmentally friendly vehicles mean the loss of some of the Clarence Valley's stunning mountainous forests? A German start-up company has secured an exploration licence from the New South Wales Government to scour the volcanic deposits at Bulldog Mountain, Ewingar, in the Northern Rivers region of New South Wales, for copper and other metals.
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Ausdrill Limited (ASX:ASL) has successfully refinanced its revolving credit facilities, maintaining an aggregate limit of $300 million with the term extended by about four years. Notably, the agreed interest rate is lower than under the existing facilities, demonstrating Ausdrill’s enhanced credit profile and ongoing support shown by the mining services company’s financiers.
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Rare large white diamond found at Western Australia's Argyle mine. One of the largest white diamonds ever produced by the Argyle mine in the east Kimberley region of WA may be one of the final significant finds of Australia's most famous diamond mine.
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OM Holdings has swooped on Bryah Resources signing a $7.3 million farm-in and joint venture deal with the tiddler as it looks to replace its Bootu Creek mine in the Northern Territory. Under the terms of the deal, OM can secure 70 per cent of Bryah’s 660sqkm landholding near Meekatharra.
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WA potato crops left to rot amid flooded market and low prices
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Shares in Aussie payment tech company EML Payments are trading more than 12 per cent higher after it announced a deal to provide a reloadable betting card to bet365's US customers. The launch of the branded bet365 card in New Jersey - where sports betting has only recently been legalised - will be the 13th branded reloadable prepaid program in the gaming industry EML is managing across Australia, Europe, the UK and the US.
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Automotive Holdings Group has urged shareholders to sit tight on a $2.42 billion takeover offer from rival vehicle retailer AP Eagers, warning they may be disadvantaged if they agree to sell before the "highly conditional" deal is approved. AHG, which has appointed KPMG to prepare an independent expert's report for its target's statement, advised shareholders not respond to Tuesday's bidder's statement untl the board had made a recommendation.
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Australia was promised superfast broadband with the NBN. This is what we got. In 2009, the then Labor government promised a fast National Broadband Network (NBN) with optical fibre cables direct to most homes and businesses.
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Analysis - Michael Janda: Chinese economic revival may not be as good as you'd expect for Australia
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Analysis - Stephen Letts: The RBA's missed target is set to head into its third year — is a rate cut due? The Reserve Bank wears its badge as an inflation-targeting central bank with pride.
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Oil prices hit their highest in about six months on Tuesday as sources said Gulf OPEC members were ready to raise output only if there was demand before offsetting any shortfall following a U.S. decision to end waivers for buyers of Iranian crude.
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President Donald Trump said Monday US ally Saudi Arabia will help to make up easily for any shortfalls in oil supply after he ordered a tightening of sanctions on Iran's oil exports. "Saudi Arabia and others in OPEC will more than make up the Oil Flow difference in our now Full Sanctions on Iranian Oil," Trump said in a tweet.
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The U.S. government on Tuesday filed its first criminal charges against a major drug distributor and company executives over their alleged roles in fueling the nation’s opioid epidemic by putting profits ahead of patients’ safety.
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The U.S. Federal Reserve on Tuesday proposed a framework for determining when a company has taken control of a bank and must face more rigorous oversight and restrictions, a move that could remove hurdles for banks seeking to attract investors and partners.
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Bill Gates backed 'vegan meat' firm files for $1.8b stockmarket listing. Beyond Meat, the manufacturers of plant-based meat substitutes, has filed for an initial public offering in New York. The Los Angeles-based company which makes vegan burgers, sausages and chicken plans to raise US$184 million ($276m) in the flotation on the Nasdaq.
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Lyft's IPO banks give troubled stock a flurry of 'buy' ratings
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A former engineer and a Chinese businessman have been charged with economic espionage and conspiring to steal trade secrets from General Electric Co to benefit China, according to an indictment unsealed by the U.S. Justice Department on Tuesday. Xiaoqing Zheng, a former engineer at GE, was previously charged by the Justice Department in August in connection with the alleged theft.
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Britain has broken its record for the longest continuous period without generating electricity from coal. National Grid said that the coal-free period lasted more than 90 hours before coming to an end on Monday afternoon.
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Asia will feel the pain if US sanctions shut down Iran's oil exports. Asia's biggest economies are scrambling to find new sources of oil after the United States said it would no longer grant exemptions to sanctions on Iranian crude exports.
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China is pushing back against the United States' decision to broaden its crackdown on Iranian oil exports, deepening the uncertainty in the global oil market. Beijing on Monday slammed the Trump administration's announcement that it would stop exempting several countries from its sanctions on buying oil from Iran. China is one of the world's biggest importers of Iranian oil, along with India.
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