AUSTRALIA

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Obama wins praise for renewables plan

U.S. President Barack Obama's call for sweeping investment in clean energy and for carbon cap-and-trade legislation won praise from analysts and the renewables industry, saying it is a rallying call for other nations.

Asia stocks edge up on bank hopes

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Asian stocks edged up on Thursday as investors bet government stress tests of U.S. banks will bring the ailing industry closer to a fix, while the dollar extended its rally against the yen. Mounting economic damage and prolonged political uncertainty in Japan have tarnished the yen's safe haven reputation, sending investors back into the dollar despite America's own economic troubles. An upw...
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Asian shares tumble on financial woes

Asian shares fell on Tuesday, with Japan's Nikkei flirting with a 26-year low, as concerns grew about the global financial system, while emerging currencies such as the South Korean won extended their recent sell-off. Strong gains in Asian shares on Monday were completely erased as optimism over reports that the U.S. government could take a bigger stake in Citigroup gave way to fresh...
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Australia Caltex year profit falls 58 %

Caltex Australia Ltd, the country's only listed oil refiner and marketer, posted a 58 percent fall in full-year operating profit, due to weaker demand for its fuels and unplanned plant shutdowns.
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Asia's shoppers go online as Internet barriers fall

From dresses, to handbags, diamonds and music downloads, consumers in Asia are taking to Internet shopping like never before as the region becomes one of the world's fastest growing e-commerce markets. I like to shop for clothes online because no sales girls will pester me, said Cecelia Wang, a 23-year-old university student in Taipei, who spends about T$1,500 ($44) each ...
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OzForex Daily Commentary - 04/02/2009

Australian Dollar: After being sold off aggressively the AUD was hovering around the 63 cent mark in early morning trade yesterday but managed to drift higher heading into the
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Taylor Swift to launch first national tour

Taylor Swift will launch her first nationwide tour called Fearless, which will take her to 52 cities in 38 states beginning Feb. 10 in San Antonio and stretching through the spring, summer and fall in the United States and Canada.
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Dollar Advances Against The Majors Overnight

Overall, the dollar continues to strengthen overnight. The only exception among the majors is the pound, which rose after some very good economic reports coming from the U.K. Ahead, the market is likely to become very volatile, especially during the U.S. open, when some important releases are scheduled.
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Dubai

It has spectacular beaches but is not Australia; it is one of the world’s most secure destinations but is not Singapore; it has opulent city hotels and superb beachside resorts but is neither Jakarta nor Bali. It has world class shopping but is not Hong Kong.
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Australia

Australia is the sixth largest country in the world. It's about the same size as the 48 mainland states of the USA and 50 per cent larger than Europe, but has the lowest population density in the world - only two people per square kilometre. This vast continent ...
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OzForex FX Market Watch - 27/01/2009

USD : On the US front this week it all starts with Existing Home Sales data for the month of December. On Tuesday we see the release of Consumer Confidence data. The
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BHP Billiton to slash 6,000 jobs

Mining giant BHP Billiton Ltd announced plans Wednesday to slash 6,000 jobs, or about 6 percent of its global work force, as the collapse in commodity prices.
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Daily Commentary - 12/01/2009

Australian Dollar: The Aussie dollar drifted lower in local trade on Friday after posting a high of 0.7130 in early morning trade.
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Woman sets husband on fire

An Australian woman has been charged with murder after allegedly setting her husband's genitals on fire because she thought he was having an affair.
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World wine growers face CO2, fuel challenges

World wine producers face rising challenges from global warming and soaring fuel costs but any resulting price rises will be bearable, the newly re-elected head of the International Organization of Vine and Wine (OIV) said on Friday.

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