AUSTRALIA

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Forex - China raises required reserves as inflation stirs

China on Sunday raised the proportion of deposits that lenders must keep in reserve at the central bank, another step in its months-old campaign to mop up excess cash in the economy at a time when inflation is on the rise. The People's Bank of China said it was lifting lenders' reserve requirement ratio by 50 basis points, effective May 10, its third increase of that magnitude this year.

Australian dollar outlook 3/5/2010

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Australia: The Australian Dollar fell on Friday's trading again on the back of weaker equity markets and talk increased that US investment bank Goldman Sachs might be the subject of a criminal prosecution by the US Justice Department in addition to the civil case recently brought by the SEC.
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Australia unveils mining tax

Australia's government angered its booming resources sector on Sunday by unveiling a new tax on mining projects from July 2012 under a sweeping pre-election tax overhaul which will also boost pension savings for workers.
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Reduce symptoms of Alzheimer’s through exercise

An upcoming study supported by Alzheimer's Australia to test if physical activity does improve the symptoms of memory loss and wellbeing of people with Alzheimer's will take place in Brisbane by staff of the University of Queensland at the Royal Brisbane and Women's Hospital complex.
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Stocks rise, euro wavers, await Greek rescue news

Stocks rose on Friday and the euro steadied on hopes that a fractious European Union will agree on a bailout package for Greece within days as it struggles to keep the debt crisis from spreading to other weak countries.
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Australian dollar outlook 30/4/2010

Australia: Overnight we saw risk appetite return to the markets after some positive earning results, positive data releases and reports that the bailout agreement for Greece is very close.
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Fight cancer with a sprinkle of magic

Sarah Fairy Belle Sanders will be hosting Australia's Biggest Morning Tea outside The Dunes Café on May 27 in an effort to raise funds for the Cancer Council in South Australia.
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Australian dollar outlook 29/4/2010

Australia: It was another choppy session for the AUD overnight after the US central bank left its interest rates at historical lows and Standard and Poor lowered its long-term credit rating for Spain
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CSL flu vaccine under investigation

A thorough investigation into CSL Ltd's seasonal flu vaccine that includes the H1N1 pandemic strain is now being performed by Australia's drug regulator, after the flu shots were linked with adverse reactions in children.
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Poor diet increases cancer risk

Australia has been warned by a leading international cancer expert that it is on a cancer collision course, with a great increase in cancer cases predicted within the next 20 years unless action is taken to curb the obesity epidemic.
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Exercise to keep your mental health fit

The number one cause of death in Australia for men under 45 is not due to road fatalities or any kind of physical disease. It is suicide and the statistics are disturbing.
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Macarthur tries to keep rival bid alive

Australian takeover target Macarthur Coal left the door open on Wednesday to pursue a new bid for smaller rival Gloucester Coal , while awaiting a formal offer from its U.S. suitor.
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Australian dollar outlook - 28/4/2010

The AUD has taken a dive overnight following announcements from credit rating agency Standard and Poors in relation to their credit ratings for both Portugal and Greece.

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