AUSTRALIA

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Australian Dollar Outlook 25/5/2010

The AUD has opened lower this morning as news out of Europe regarding the financial stability of Spain caused investors to reduce their risky positions as fears about the likelihood global economic recovery persisted.

Rio Tinto: tax makes Australia top sovereign concern

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Global miner Rio Tinto said it is reviewing all investments in Australia due to a proposed new tax, describing the country as its No.1 sovereign risk concern and sending a weak Australian dollar even lower.
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Euro gives ground while Asian stocks remain firm

The euro struggled to hold on to gains on Monday as investors sold into its latest bounce, while Asian stocks recouped ground from last week's eight-month lows on fears the euro zone debt crisis will hit world economic growth.
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Daily forex forecast -24/5/2010

The Aussie opens at 0.8310 on Monday. Unsubstantiated rumours of Reserve Bank intervention and technical support just above US80-cents halted the recent dramatic slide in the currency on Friday.
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Facebook investor DST eyeing more digital stakes

Russian Internet investment group Digital Sky Technologies, which bought a $300 million stake in Facebook last year, is preparing to buy stakes in dozens of well-known Internet companies, its chief executive said.
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Older Australians' antidepressant drug use raises concerns

The latest study published in the Australian and New Zealand Journal of Psychiary reveals older Australians as the country's primary consumers of antidepressant drugs, despite higher rates of depression observed among younger population.
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Daily forex forecast - 20/5/2010

The release of the RBA board minutes suggested just what the market had expected and in fact had already begun pricing in – interest rates are at normal levels.
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Acquisitions fall 79% in base metals during 2008-09

With the rapid onset of the worldwide recession in late 2008, marked by sharp drops in commodity prices that continued till 2009 marked notable implications on base metals, where the global mergers and acquisitions activities came almost to a halt.
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Priceline.com acquires TravelJigsaw

Online travel agency Priceline.com said it acquired Manchester-based TravelJigsaw Ltd, a car hire reservation provider, to expand its international business.
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Daily forex forecast - 19/5/2010

The release of the RBA board minutes suggested just what the market had expected and in fact had already begun pricing in – interest rates are at normal levels.
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Most Aussies ignorant on hepatitis

In a national survey conducted by Hepatitis Australia revealed that vast majority of Australians have a disturbingly low knowledge of hepatitis B and C.
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Aussie doctors identify new disease

Kate Pulling, now aged 23 was found to be suffering from an unknown disease in which her immune system's signaling processes fails to function properly leading her to fall sick frequently. She has gone through hospital care for more than a decade as a result of the condition
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Australia minister says to wrap up miner talks fast

Australia's federal government is aiming to wrap up consultation talks with miners over its plans for a new tax as soon as possible to help investment decisions, Resources and Energy Minister Martin Ferguson said on Monday.
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Sun-shy mums may raise MS risk in babies

Children whose mothers had low exposure to sunlight during their first three months of pregnancy may have a higher risk of developing multiple sclerosis(MS) later in life, according to a study in Australia.

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