Australia faces economic turbulence from U.S. meltdown: PM
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Australia, one of the best-performing advanced economies, faced looming economic turbulence from the subprime lending meltdown in the United States, Prime Minister John Howard warned on Sunday.
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Prime Minister John Howard warned that Australia's strong dollar, high world oil prices and the lingering effects of prolonged drought would dampen the country's long-buoyant economy in 2005.
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Australia&#39;s economic growth eased in the third quarter to its weakest pace since late 2000 as sluggish exports dragged on the economy, raising doubts about the need for tighter monetary policy.
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Australia opts to keep interest rates at 6.5%, as jitters continue to worry markets worldwide.
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Prime Minister John Howard has been accused of turning his back on Asia, kowtowing to America and being Australia's most boring leader.
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Campaigning was never going to be easy for opposition Labor Party leader Mark Latham: an Australian economy into its 13th year of expansion, interest rates at their lowest in 30 years, inflation in check an close race likely to be decided in just a
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NOW was the worst possible time to elect a Labor government given world economic conditions, Prime Minister John Howard said today.
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The weak U.S. dollar and a huge trade deficit eventually may cause dire economic problems for the country, Federal Reserve Chairman Alan Greenspan warned Friday.
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Business & money: Finance chiefs from the G7 warn the global economy will slow down as a result of US mortgage crisis
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As much of the world grapples with a slowdown, Australia raises interest rates to an 11-year high.
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Australia's prime minister posts a video on YouTube warning against violent protests at the Apec summit.
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Australia may not want to go to war with China, but it could get dragged in by the US, writes Robert Ayson.
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THE Australian dollar closed about half a US cent lower today, but was off its lows after a sharp fall on Friday night following a US dollar rally.
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Australia's plans to close a much-criticised detention centre for asylum seekers on Nauru will devastate its economy, the tiny Pacific nation's foreign minister was quoted Wednesday as saying.
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SYDNEY : Prime Minister John Howard warned that Australia&#39;s strong dollar, high world oil prices and the lingering effects of prolonged drought would dampen the country&#39;s long-buoyant economy in 2005.
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Australia may increase its assistance to war-ravaged Iraq and Afghanistan but is unlikely to send more combat troops, Prime Minister John Howard announced.
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Australia on Thursday warned China's rapid military expansion risked causing greater instability in the region as Prime Minister John Howard launched a new doctrine calling for military operations far from home.