Sunday, October 31, 2010
Vietnam and Japan to mine rare earths together
I thought you might be interested in this:
I found this using the News Pro iPhone application from Thomson Reuters.
To put News Pro on your iPhone or Blackberry, visit:
In Pda brevity mode.
Saturday, October 30, 2010
Gillard meets Singapore PM over ASX bid
Hi there, I saw this on ABC Online and thought you might be interested:
Gillard meets Singapore PM over ASX bid
http://www.abc.net.au/news/stories/2010/10/31/3052971.htm
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Thursday, October 28, 2010
Suncorp will adopt holding structure | Business | BigPond News
Suncorp-Metway will go ahead with a move to a non-operating holding company structure.
http://bigpondnews.com/articles/Business/2010/10/28/Suncorp_will_adopt_holding_structure_531884.html
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New QBE global underwriting CEO | Business | BigPond News
QBE Insurance Group Ltd has appointed John Neal as the company's new chief executive of global underwriting operations.
http://bigpondnews.com/articles/Business/2010/10/29/New_QBE_global_underwriting_CEO_532209.html
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Wednesday, October 27, 2010
SGX's Bocker faces wall of opposition on ASX bid
SGX's Bocker faces wall of opposition on ASX bid
http://www.smh.com.au/business/sgxs-bocker-faces-wall-of-opposition-on-asx-bid-20101027-173iv.html
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Tokyo exchange chief fears ASX merger
Hi there, I saw this on ABC Online and thought you might be interested:
Tokyo exchange chief fears ASX merger
http://www.abc.net.au/news/stories/2010/10/27/3050125.htm
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USJPY : Reversal
MACD and Stochs indicator turning up with "kick".
Moving Averages however act as upward dampener.
Thrust will be suppress.
Going thru price pocket turbulence.
Tuesday, October 26, 2010
Amazon e-book sales outsell print copies | Technology | BigPond News
Amazon customers are buying Kindle digital versions of the top 10 best-selling books more than twice as often as print copies, the online retail giant says.
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Hong Leong Asia : Chart update [ii]
Near Term Price structure :
Support now is moved up to $3.40.
Formed by the base of the right angle triangle.
Which prices has broken out from on High Volume as well.
Near Term Resistance is still at $3.60 then $3.80
And now sitting just above the 9days Moving Average at $3.48
Monday, October 25, 2010
Hockey doubts ASX merger benefit | Business | BigPond News
Singapore was Australia's competitor for financial services jobs and Mr Swan would want to know from the ASX and the government if the takeover would help Australia become a financial centre for the Asia-Pacific region, Mr Hockey told the Seven Network.
http://bigpondnews.com/articles/Business/2010/10/26/Hockey_doubts_ASX_merger_benefit_530809.html
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Brown links human rights to ASX merger | Business | BigPond News
The Greens would not facilitate or support 'this takeover' unless it could be shown to be in the nation's interest.
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DBS : $14.25 must hold for Bullish view to remain intact.
Near Term Price structure :
for the bullish view to hold
Price must not go below $14.25 which was the Wave 1 Peak.
If it does, elliot wave guideline would have been Invalidated.
Meaning the labelling of the chart is wrong.
However if it bounces off $14.25 then we will look for possible entry
and trading set up.
Hong Leong Asia : Chart update
http://en.wikipedia.org/wiki/Triangle_(chart_pattern)
Near Term Price structure :
$3.35 Support holds for now.
Came close to breaching the support yesterday.
Prices has broken out of the near term consolidation.
Looking for break above $3.60 to maintain the bullish view
at least up to $4.25
Hi, I thought you might be Waiting for the market to flip
Waiting for the market to flip - http://www.businessspectator.com.au/bs.nsf/Article/Waiting-for-the-market-to-flip-pd20101025-AJRTT?OpenDocument&src=iphone
In Pda brevity mode.
Sunday, October 24, 2010
ChinaDaily News: Coach Inc drives Chinese expansion
Coach Inc drives Chinese expansion
(By Bao Chang)
Updated: 2010-10-23 09:45
(By Bao Chang)
Updated: 2010-10-23 09:45
BEIJING - Coach Inc, the US-based handbag and accessories retailer, plans to open 25 stores in China during its current fiscal year, which ends in June 2011.
The company is stepping up efforts to expand its outreach in the country considered to be the fastest-growing luxury goods market in the world.
New York-based Coach, which owns 665 stores worldwide, now operates 41 outlets in China. During the past fiscal year, it has opened 15 stores in the market.
"China is our biggest opportunity as our brand takes hold and the market continues to develop rapidly," said Lew Frankfort, chairman of Coach Inc, adding that the company has started developing a multi-channel distribution model in China including a flagship store, retail outlets, and shop-in-shop. He said the company is also expecting to accelerate new store openings.
A new Coach's retail store will be opened in Dalian, Liaoning province, on Friday.
As an accessible luxury brand, Coach sells products at a relatively low price - about half that of some European brands such as Louis Vuitton (LV), Gucci and Prada. In China, Coach's handbags are mostly priced close to 5,000 yuan ($752) while LV and Prada are around 10,000 yuan.
"China is growing at a faster pace than expected and we will reach our sales target of $250 million in the market by June 2012, a year ahead of the planned time frame," said Victor Luis, president of Coach's international retail branch.
Earlier this month, the US brand announced its international growth strategy, focused on Asian markets, which includes establishing a new international retail organization with three major Asian hubs including the Chinese and Japanese markets.
"Coach is now well positioned to drive our directly-operated international retail businesses, while continuing to accelerate the development of the global market and growth through our partnerships around the world," Frankfort said.
Coach acquired its domestic retail businesses in April 2009 from its former distributor, ImagineX Group, a Hong Kong-based brand management and distribution company in the luxury market.
The company said the direct operation provides greater control over the brand in China, enabling it to raise brand awareness and grow its market share with domestic consumers.
According to Coach, the global luxury market for handbags and accessories is about $24 billion and China comprises roughly 10 percent at present.
"We estimate that by 2013, the global luxury market for handbags and accessories will be about $29 billion, and China's share will grow to 20 percent from the current 10 percent," Frankfort said.
A survey by the US consultancy Bain & Co released this month showed China remains the fastest-growing market for luxury goods, with sales expected to rise 30 percent this year. Global sales are predicted to grow 10 percent.
While Coach is exploring the Chinese market, it still sees potential in Europe. The (London) Financial Times reported that the retailer plans to open up to 15 outlets in the United Kingdom over the next three years.
In France, it opened its first shop, inside a Printemps store in Paris, in June.
Bain said sales in Europe - where luxury brands account for around 75 percent of the global market - will rise 6 percent this year, fuelled by customers from emerging markets like China.
In Pda brevity mode.
ChinaDaily News: Chinese 4G mobile standard goes global
Chinese 4G mobile standard goes global
(By Shen Jingting)
Updated: 2010-10-22 11:02
(By Shen Jingting)
Updated: 2010-10-22 11:02
BEIJING - China's homegrown fourth-generation (4G) mobile communication standard has been selected as one of six global benchmarks by the International Telecommunication Union (ITU), the Ministry of Industry and Information Technology said on Thursday.
LTE-Advanced and 802.16m - the categories which cover the six different 4G technology standards - were both approved at an ITU conference in Chongqing this week, according to the ministry.
The ministry also said ITU will complete its 4G International Standard Proposal Book by the end of 2011, which will be officially released at the beginning of 2012. Then, the 4G international standards will be formally established.
The TD-LTE-Advanced technology has a download speed of 100 megabytes per second, faster than the preceding third-generation TD-SCDMA technology.
Industry analysts said Chinese telecom enterprises are set to benefit from the TD-LTE 4G standard, as it will help to open both domestic and overseas markets for them.
"The situation now is very different from 10 years ago, when TD-SCDMA was set up as a 3G international standard," said Yang Hua, secretary-general of TD Industry Association in China.
He said because China lacked an industry eco-system at that time, the use of TD-SCDMA technology was largely restrained to the domestic market.
International enterprises were wary of investing in a technology developed in China, especially when it had not undergone a market test.
"But now, we have a good technological base, which means the period of the 4G industrialization process will be greatly shortened," said Yang. "That offers opportunities for Chinese companies to expand their businesses overseas."
China Mobile launched its TD-SCDMA service in January 2009, and the largest mobile operator in the world will have invested 100 billion yuan ($15 billion) in it by the end of this year.
Prior to September, the company had 15.27 million TD-SCDMA subscribers. Overall, it has 507 million subscribers, most of them using second-generation technologies.
Chen Jinqiao, deputy chief engineer from the China Academy of Telecommunication Research, said equipment manufacturers such as Datang and Huawei will among the first to profit from the use of TD-LTE-Advanced.
"They have invested large sums of money in the research phase, but they will benefit when the 4G network goes into construction," Chen said.
Telecom operators will reap rewards when they provide richer applications for customers. Their services will become faster, smoother and with higher resolution in the 4G age, Chen said.
Nearly all the best known international telecom companies, such as Ericsson, Nokia and Samsung, are engaged in the TD-LTE industry. They are determined not to miss out on the Chinese market again as they did in TD-SCDMA era, Yang at TD Industry Association said.
"They lost many China Mobile contracts when bidding against companies such as Huawei and ZTE, because they ignored the development of TD-SCDMA and offered very few competent products," Yang said.
Shi Guang, secretary-general of TD Forum, said Chinese telecom companies in the TD-LTE industry chain will be presented with a great business opportunity when they enter the international market.
"They will go head-to-head with global companies. Who dares say that another Huawei or ZTE may not emerge in the process?" Shi asked.
According to a survey by Ovum, an international market consulting company, the TD-LTE technology will earn about $150 billion in revenue by 2015.
In Pda brevity mode.
ChinaDaily News: Daimler sees China as its No 1 market
Daimler sees China as its No 1 market
(By Li Fangfang)
Updated: 2010-10-23 09:41
(By Li Fangfang)
Updated: 2010-10-23 09:41
BEIJING - China is expected to be Daimler AG's biggest market by 2015, and the German automaker promised to increase investment in the country by 3 billion euros ($4.2 billion), said the company head.
"We expect China to be our biggest market by around 2015. And it could be earlier if the market demand continues its robust increase as local GDP grows," said Dieter Zetsche, CEO of Daimler AG, on Friday.
"We plan to invest 3 billion euros - the biggest investment by Daimler in an overseas market - in China by 2015. The investment is at least three times what we've put into this market so far. In particular, we plan to sell 300,000 cars annually in the market by 2015."
He told China Daily that Daimler will use the massive investment to enhance its richest and most diverse product portfolio in the luxury sector. It will also expand its extensive dealership network, promote local research and development, and increase its corporate social responsibility investments to enrich the brand as well as benefit the local society.
China is now the third biggest market for Daimler, following Germany and the United States.
In the first three quarters of the year, it tallied more than 101,350 units of Mercedes-Benz cars to represent a record year-on-year increase of 129 percent, helping the three-pointed star surpass its 2010 sales target for the Chinese mainland in nine months. The high market demand has seen Daimler raise its sales target to more than 120,000 units in China for 2010, according to Zetsche.
He also told China Daily that Daimler's future success will be based on local production of both passenger cars and commercial vehicles.
"As 70 percent of our products now are imported, we plan to gradually increase the proportion of locally produced units to 70 percent by 2015," said Zetsche. "Thus, we are especially dedicated to maintaining investment to strengthen our production capacity and bring more locally produced vehicles to this market," he added.
Daimler is now producing two models in its venture Beijing Benz Automotive Co Ltd (BBAC), the E-Class and the C-Class. They ranked as the top volume leaders for Mercedes-Benz in the first nine months of the year.
Because of the anticipated demand for the C-Class and the new long-wheel-base E-Class, BBAC has tripled its capacity, increasing technically installed capacity for Mercedes-Benz to between 75,000 and 100,000 units each year.
Moreover, BBAC and its partners will invest around 200 million euros to build a new engine plant, which will be operational by 2013 and will produce four-cylinder petrol engines for all Daimler products in China, with an initial capacity of 100,000 units annually.
Zetsche said it is Daimler's first Mercedes car engine plant outside Germany.
Under the 600-million-yuan joint venture between Daimler and BYD Co, the Shenzhen based automobile manufacturer, a new electric vehicle will be created specifically for the requirements of the Chinese market, with a planned release date of 2013.
"We are still in the early stages of this partnership, but exporting this vehicle in the future is also part of our considerations," said Zetsche.
As the first and only international automotive manufacturer to successfully deepen its cooperation with China in all segments of the automotive industry, commercial vehicles are a significant part of Daimler's domestic strategy.
"Thanks to strong government investment and incentive programs, China's commercial vehicles market has maintained its strong growth momentum and Daimler is gradually becoming recognized as the best in not only exclusive passenger vehicles, but also cutting-edge commercial vehicles in China," said Ulrich Walker, chairman and CEO of Daimler Northeast Asia, in a recent interview with China Daily.
In Pda brevity mode.
ChinaDaily News: China becomes Volvo's 3rd largest market
China becomes Volvo's 3rd largest market
(Xinhua)
Updated: 2010-10-23 14:51
(Xinhua)
Updated: 2010-10-23 14:51
TIANJIN - China has become Volvo's third largest market, with more of its car models to go on sale in the world's largest auto market this year, Chief Executive Office (CEO) of Volvo Cars China said in Tianjin.
Alexander Klose, CEO of Volvo Cars China, told Xinhua at the Ninth Tianjin International Automobile Trade Show, being held from Friday to Wednesday.
Klose said Volvo Cars had entered a new era of fast development, adding that its sales in China roared in 2010.
As of the end of September, Volvo's global sales volume was up 12.5 percent year on year, compared with 52 percent year-on-year rise in China, he said.
Volvo also aggressively expanded its dealer network to 98 outlets in 81 Chinese cities this year.
Two new Volvo sales centers opened in Beijing within merely one week in early October, about two months after east China's Zhejiang Geely Holding Group Co acquired the Swedish brand from the US auto giant Ford for $1.5 billion in early August.
Klose said he was confident of seeing tremendous growth in China's auto market in the next five years.
"As the Chinese government has increased the tax rate for large displacement cars already, we now have a lot of cars below three liters, and I think we'll stick to that strategy, as you can see now the XC60 which was introduced today is just two liters," he said.
"As the technology advances, we'll probably even see 1.6 liter engines or 1.5 liter engines in the future," he added.
Volvo Cars is not the only automaker hoping to take advantage of China's rapidly growing auto market.
Bentley, the famous British luxury carmaker, will open a new sales center in China at Tianjin Thursday, which is the 11th one in China, according to a press release by Shanghai-based Zenith Integrated Communications Corp (Zenith) Saturday at the auto show.
Zenith is the public relations agent of Bentley in China. The automaker has sold 421 limousines to China in 2009, and the goal for 2010 is 777, the release said.
In Pda brevity mode.
Buy HSN And Short Amazon - Forbes.com
Intelligent Investing
Buy HSN And Short Amazon
Robert Maltbie, 09.08.10, 04:45 PM EDT
Buy HSN And Short Amazon
Robert Maltbie, 09.08.10, 04:45 PM EDT
http://www.forbes.com/2010/09/08/hsn-nike-tommy-hilfiger-markets-amazon.html
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The amazing Amazon stock bubble - Fortune Tech
Whenever a stock can potentially drop 50% and still be considered overvalued, that's when you know the stock is a bubble
http://tech.fortune.cnn.com/2010/10/22/the-amazing-amazon-stock-bubble/
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The iPod's rise and fall - Apple 2.0 - Fortune Tech
The iPod's rise and fall. Age: 9 years
Units sold: 278,545,000 . Net sales: $47,833,000,000
Units sold: 278,545,000 . Net sales: $47,833,000,000
http://tech.fortune.cnn.com/2010/10/23/the-ipods-rise-and-fall/
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Saturday, October 23, 2010
THE DAILY CHART: The oil price plug | Alex Liddington-Cox | Commentary | Business Spectator
Increased demand from emerging economies largely informs the broad market expectations of an oil price above $100 sometime next year
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Oil may hit $100 on China, QE and France: JP Morgan | Reuters
Reuters) - Oil may reach $100 a barrel sooner rather than later on Chinese demand, a dollar weakening due to anticipated U.S. quantitative easing and expected restocking of French inventories when strikes end, JP Morgan said.
http://www.reuters.com/article/idUSTRE69L1P520101022
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Oil gains on strike, storm concerns
Oil gains on strike, storm concerns
http://www.smh.com.au/business/markets/oil-gains-on-strike-storm-concerns-20101023-16y8a.html
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Minara Resource : Ongoing Monitoring
refer to 3Oct Chart
Still looking for a breakout to the upside although $0.85 level is key. Looking for lead on the volume front.
Friday, October 22, 2010
ASX and SGX to announce $14b merger | Business | BigPond News
ASX and SGX to announce $14b merger
http://bigpondnews.com/articles/Business/2010/10/23/ASX_and_SGX_to_announce_14b_merger_529728.html
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Thursday, October 21, 2010
Telstra, Vodafone scrap network | Business | BigPond News
Telstra says its long-term earnings will improve after a radio access network sharing joint venture deal with Vodafone Hutchison Australia ends in 2012.
http://bigpondnews.com/articles/Business/2010/10/21/Telstra_Vodafone_scrap_network_529028.html
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Tabcorp completes institutional offer | Business | BigPond News
Gambling giant Tabcorp Holdings Ltd has completed the institutional component of its $430 million capital raising.
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Wednesday, October 20, 2010
Buying the dips on China hikes
China's rate hike is a positive signal for global growth, investment strategist Michael Yoshikami tells MarketWatch's Laura Mandaro.
Tuesday, October 19, 2010
Sun: Suncorp : Near Term weakness ??
Looking for a break below $8.75 to affirm a "C" wave down. Prices is in a sideways movement for now. Prices is rather resillient in the face of a 168pts drop in DOW overnight. Any weakness might be muted and more subdued. Take note of the MA on the weekly chart as well, which shows some sort of support at $8.75. However prices has triangulated outside the cross between the upward and downward sloping lines. So anticipating a move one way or another. Favouring the downside for now.
But keep in mind the largey monthly perspective which looks like the metals stocks charts with a triangular consolidation. Prices seems to be posied for a major move upwards.
Monday, October 18, 2010
Australia should look to its food security
Australia should look to its food security, before all the farm is sold .....Australia is rapidly losing control of its food resources. The purchase of AWB - the former Australian Wheat Board - by the Canadian company Agrium, now approved by the Foreign Investment Review Board, is the tip of an iceberg where large segments of food processing and marketing have been sold offshore.
Link to article :
Link to article :
The case for agribusiness | Money Management
Food production is emerging as a significant investment theme — both for individual investors and increasingly for the corporate world.
Metal stocks for consideration
Ticker ...Company... Option... Metals
pem......... perilya.......... yes...... Zinc
kzl............ kagara ..........No....... Zinc
jml............ jabiru........... No....... Zinc
znc........... zinc co........ No...... Zinc
Mre......... Minara.......... No...... Nickel
MCR........ Mincor.......... No...... Nickel
AWC........ Alumina....... Yes..... Aluminium Oxide
CSR......... CSR............ Yes..... Sugar/Property
pem......... perilya.......... yes...... Zinc
kzl............ kagara ..........No....... Zinc
jml............ jabiru........... No....... Zinc
znc........... zinc co........ No...... Zinc
Mre......... Minara.......... No...... Nickel
MCR........ Mincor.......... No...... Nickel
AWC........ Alumina....... Yes..... Aluminium Oxide
CSR......... CSR............ Yes..... Sugar/Property
Thursday, October 14, 2010
Monday, October 11, 2010
DBS Singapore
Validation of Trading setup would come in the form of breakout of prices above $15 and continue to first objective $19 which is the upper trend line and $21 which is last peak.
Invalidation of the trading setup would be a convincing break below $14.oo which is a major support line.
Observations :
1. Prices is within upward sloping trend channel.
2. Prices has consolidated into a triangle within the trend channel.
3. Prices seems to be in an A-B-C formation with anticipation of C wave.
4. Prices trapped within moving averages.
LLOYD : Triangle ??
Prices has triangled. But prices hasnt really gone anywhere , currently trading just above previous resistance line. Holding onto the triangle story for now....await further confirmation
MCR : Mincor resouces
A major triangular consolidation. Prices is just trading above the resistance line of the triangle. Price projection on the weekly chart is = height of the triangle : approx $1.30 to $2.00 which is $0.70. Waiting for further confirmation before adding to position.
http://www.mincor.com.au/
MRE : Minara REsources
Weekly prices has consolidated in 3 stages triangular consolidation. Offering various supports and resistance. Major support for the trend to good is $0.80. Currently, Prices seems to have consolidated further or squeezed into a narrowing scalene or isosceles triangle. Trading support is at $0.85, Hopefully pending an increase in volume to take the prices further to the upside which is loosely defined at the moment by the upward sloping trend lines.
Saturday, October 9, 2010
ChinaDaily News: Fast-rising yuan a 'risk to global economy'
Fast-rising yuan a 'risk to global economy'
(By Wang Bo)
Updated: 2010-10-09 09:04
(By Wang Bo)
Updated: 2010-10-09 09:04
BEIJING - The yuan on Friday climbed to the highest level since 1993 amid growing foreign demand for a faster currency appreciation.
However, a senior Chinese official warned that if the yuan appreciates too fast, it could harm the world's economy, as well as China's.
The yuan was traded at 6.6830 against the greenback on Friday, advancing 2.2 percent since China removed its peg to the US dollar in June and pledged to add more flexibility to the yuan.
China is committed to moving toward a flexible exchange rate regime but "our approach will be a gradual one", said Yi Gang, vice-governor of the People's Bank of China, the country's central bank, at a forum during the annual meeting of the International Monetary Fund (IMF) and World Bank in Washington on Thursday.
"We will do our part to help correct global imbalance through a gradual appreciation of the yuan," said Yi, also head of the State Administration of Foreign Exchange.
Yi's comments echoed the tone set by Premier Wen Jiabao during his visit to Europe, where he called on European leaders to refrain from pressing for a stronger yuan and warned a sharp appreciation may cause social unrest in China and "lead to a disaster for the world".
"Calling for a rapid yuan revaluation is unreasonable, as it takes time for resources to flow from the trade sector to the non-trade sector after an appreciation," said Chen Daofu, a senior economist at the Development Research Center of the State Council.
"A fast appreciation will block the effective flow of resources, causing serious social and economic problems and even dragging down growth," he said.
Zhao Xijun, deputy head of Renmin University of China's school of finance, said it is not in any countries' interest if China's growth loses steam, as the country has been a leading force for global economic recovery and is growing into a large importer.
The IMF said in its latest World Economic Outlook report that China's expansion in recent years was the "linchpin" for global trade and boosted numerous economies. It predicted the Chinese economy will grow 10.5 percent this year, compared to its forecast of 4.8-percent global growth in 2010.
The US House of Representatives last week passed a bill that allows the country to use its own estimates of currency undervaluation to calculate countervailing duties on imports from China.
Economists pointed out, however, that yuan appreciation cannot help resolve global imbalance fundamentally and countries must conduct thorough structural change domestically to contribute to global economic recovery.
"The dollar and euro are weakening due to the ultra-loose monetary policies in US and European countries, which have prompted governments of emerging market countries to intervene in the market," Chen said.
In Pda brevity mode.
Wednesday, October 6, 2010
IMF sees Australian economy expanding | National | BigPond News
http://bigpondnews.com/articles/National/2010/10/07/IMF_sees_Australian_economy_expanding_522812.html
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Monday, October 4, 2010
Sunday, October 3, 2010
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