Australian leader swap further dents Japanese submarine bid


  • World
  • Friday, 18 Sep 2015

SYDNEY (Reuters) - The ouster of Australian Prime Minister Tony Abbott has further weakened a Japanese bid for one of the world's most lucrative defence contracts, a A$50 billion ($36 billion) programme to build stealth submarines for Australia, sources say.

Australia got its fifth prime minister in as many years on Monday after the ruling Liberal Party voted to replace Abbott with former investment banker Malcolm Turnbull, following months of infighting and crumbling voter support.

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