AUSTRALIA

Asia shares up as confidence in recovery grows

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Asian shares pushed up for a second day on Wednesday, with Taiwan's benchmark index nearing a 16-month high, as growing confidence in a strengthening global recovery boosted resource and financial companies.
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Wall Street jumps on Australia rate hike, weak dollar

Stocks rose more than 1 percent on Tuesday on renewed hopes for a global economic recovery after the Australian central bank raised interest rates and in anticipation of the start of an improved U.S. earnings season.
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Global stocks firmer

The dollar fell broadly Tuesday while stocks rose after Australia's interest rate rise, the first in a G20 economy in more than a year, boosted confidence the global economic recovery is on track and others may follow.
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Stock futures rise after Australia rate hike

Stock futures rose on Tuesday on renewed hopes for a global economic recovery after Australia raised interest rates and in anticipation of the start of an improved earnings season.
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Dollar falls after Australia rate hike; stocks firmer

The dollar fell across the board on Tuesday while world stocks rose after Australia became the first developed economy to raise interest rates in more than a year and data showed the U.S. services sector expanded for the first time since 2008.
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Australia central bank raises rates, more expected

Australia's central bank raised its key cash rate by 25 basis points to 3.25 percent on Tuesday and heralded more to come, saying it was safe to row-back on stimulus now that the worst danger for the economy had passed.
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Australia c.bank raises rates, more expected

Australia's central bank raised its key cash rate by 25 basis points to 3.25 percent on Tuesday and heralded more to come, saying it was safe to row-back on stimulus now that the worst danger for the economy had passed.
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South Korea, India shares pare gains on Aussie rates

South Korean and Indian shares fell on Tuesday after Australia's interest rate hike showed that stronger Asian economies were starting to reverse emergency stimulus policies, hitting markets seen as likely to lift rates.
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Dollar skids on Gulf oil report, Asia shares up

The dollar skidded against the euro and the yen on Tuesday after a British newspaper reported that Arab states were in talks to end using the dollar for oil trading, but Asian shares rose as U.S. services sector data lifted investors' mood.
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Coalition losing the new media battle

Coalition armed forces are in danger of losing a battle to terrorist organisations because they are failing to counter the use of new media in conflicts, according to a researcher from The Australian National University.
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U.S. trio wins medicine Nobel for ageing research

Three Americans won the Nobel prize for medicine on Monday for revealing the existence and nature of telomerase, an enzyme which helps prevent the fraying of chromosomes that underlies aging and cancer.
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Norway world's best place to live, Niger worst

Norway has retained its status as the world's most desirable country to live in, according to U.N. data released on Monday, which ranks sub-Saharan African states afflicted by war and HIV/AIDS as the least attractive places.
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Rich nations trying to kill Kyoto pact, says China

China and a top G77 official accused rich nations on Monday of trying to kill off the Kyoto Protocol, the U.N.'s main weapon in the fight against global warming, as nations try to craft a broader climate pact.

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