Australia's Centro dives again; contagion unlikely
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Shares in Centro Properties Group, which owns and manages 700 shopping malls in the United States, slumped for a second day on Tuesday on fears its exposure to the subprime debt crisis could sink the company.
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Business & money: Â·  British Gas owner Centrica may be target of Russians Â·  Putin shrugs off warning by Blair on economic ties
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Australia's conservative government  has slipped further behind the Labor opposition ahead of a  November parliamentary election after both sides unveiled  multi-billion dollar tax pledges, a new poll showed on Tuesday.
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SYDNEY (Dow Jones)--A bigger-than-expected fall in Australian building approvals in August suggests the Reserve Bank won&#39;t be in a hurry to raise interest rates immediately after the Oct. 9 election.
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Australia&#39;s central bank left its benchmark interest rate unchanged at 5.25 percent Wednesday for an 11th consecutive month. The announcement marks the first time the Reserve Bank of Australia has considered
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Shares in Centro Properties Group,  which owns and manages 700 shopping malls in the United States,  slumped for a second day on Tuesday on fears its exposure to  the subprime debt crisis could sink the company.
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The growth of jobs has stalled in the US, and this has big implications for Australia. For interest rates, for our dollar, for jobs here, for our economy more generally, and for investments.
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Australian stocks fell, led by Axa Asia Pacific Holdings Ltd., after Axa SA, its parent, withdrew aA$3.4 billion ($2.5 billion) offer for the shares of the company it doesn&#39;t already own.
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But the it was probably unrelated to the massive quake in sub-Antarctica, an expert said. Seismologist Cvetan Sinadinovski of Canberra-based Geoscience Australia said the earthquake 900km southeast
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While the south-east of Australia has gone through years of drought, new research shows the rest of the country including the centre, is getting wetter.
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By Carlos A. DeJuana SAO PAULO, Brazil  - If Ken Marshall were back inhis native Australia, he reckons he would need only half thestaff he has in Brazil to run his small import-export business.
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THERE has been no sudden and dramatic change in the gold price or the Australian dollar price against the US dollar to account for a deterioration in Sons of Gwalia&#39;s gold reserves serious enough to tip the company into administration.
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SYDNEY (Dow Jones)--As Australia consigns the lengthy federal election campaign to history, the outlook for interest rates returned to center stage Monday as housing
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Private equity's love affair with Australia has taken a surprising turn in recent weeks -- shareholders are suddenly playing hard to get.
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Some of Australia&#39;s biggest property interests have placed their shares under a trading halt amid speculation of further major consolidation in the sector.
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A consortium led by Australia&#039;s  Macquarie Bank is still considering a counterbid for Associated  British Ports after losing an auction for the UK ports group,  sources familiar with the situation said on Tuesday.
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ATHENS -- As you saw yesterday, they&#39;re fighting back now. Not with the world, but with themselves. When you&#39;ve been humiliated at your own game, ridiculed and laughed at back home and can&#39;t intimidate Australia anymore, someone&#39;s bound to mope.