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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SYDNEY, Australia : Australian Trade Minister Mark Vaile said on Sunday that Australia&#39;s relationship with ASEAN was an economic one amid calls for Canberra to sign a non-aggression pact with the grouping.
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Prime Minister John Howard has warned of economic disaster under a Latham Labor government - while admitting interest rates were high during his term as federal treasurer.
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Australian PM John Howard expresses doubts about proposals for a debt freeze for tsunami-hit countries.
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US President George W. Bush warned Tuesday that "it's going to take a while to work through the downturn" in the crisis-hit US housing market, but said the US economy was resilient.
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Moody's Investors Service may downgrade  A$83 billion ($75.5 billion) worth of Australian  mortgage-backed debt, in the latest spillover from the U.S.  subprime crisis.
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Australian unemployment fell to a record low of 5.3 percent in October, prompting analysts to warn that the country's powerhouse economic performance could increase pressure to hike interest rates early next year.
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The International Monetary Fund (IMF) has nominated Australia as one of the countries where recent house price increases are difficult to explain in terms of economic fundamentals.
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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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Australian Prime Minister John Howard has admitted that a leadership feud had hurt his government but rejected suggestions that it signalled the end of his decade in power.
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Australian PM John Howard says he will focus on national security and the economy during his fourth term.
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Australia is bracing itself for a renewed round of conservative reform following Prime Minister John Howard&#39;s fourth election victory, handing him power not enjoyed by any Government for more than two decades.
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PRIME Minister John Howard&#39;s &quot;poll teasing&quot; was distorting economic management issues, the Australian Democrats said today.
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Australiaâs current account deficit widened to a record level in the third quarter, putting downward pressure on the nationâs fast-growing economy and sending the countryâs currency lower.
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Prime Minister Gordon Brown said in his New Year message Sunday that his agenda for 2008 would depend on weathering global financial turbulence.
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China's rapid military expansion risked causing greater instability in the region, Australian Prime Minister John Howard said on Thursday.
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A mixture of problems including sharp currency fluctuations has led to uncertainty about how strong and durable the world recovery will prove, British finance minister Gordon Brown said yesterday.