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SHANGHAI: China will designate a clearing bank in Sydney for overseas trading of its yuan currency, a top Australian official said on Thursday as Beijing seeks to make its tightly-controlled currency more international.
BEIJING: China and Australia, which have been trying to set up a bilateral free trade agreement for years, are determined to sign a deal by the end of this year, Australia's trade chief said on Tuesday after talks with Chinese leaders.
LAUNCESTON: Many Australians will castigate the country's new conservative government for a tough first budget that saw cuts to welfare and hikes to taxes, but some of the blame lies with China.
SYDNEY: Australia’s first budget under conservative Prime Minister Tony Abbott to be released tomorrow promises to end the “age of entitlement“, with spending cuts and tax rises expected as the nation strives to rein in its deficit.
SYDNEY: The world's top economies may agree to set an ambitious target for faster global growth at a weekend meeting in Sydney, where major central banks are also being urged to coordinate policies to avoid "surprises" that could further roil emerging markets.
SYDNEY: Developing countries need to do more themselves to offset the impacts of the U.S. Federal Reserve's tapering, Indonesia's finance minister said on Saturday, endorsing Australian-led plans for the Group of 20 to agree an ambitious target for global growth.
Inspired by theslogan “Malaysia Boleh”, Sportboleh Sdn Bhd chief executive officer and founder Joseph Dolcetti named his company Sportboleh to mark the ability of sports to transform lives.
SYDNEY: British tycoon Sir Richard Branson sounded a warning in full-page newspaper ads Sunday about possible Australian government help for national carrier Qantas, urging business to “think twice” about investing in the country.