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The Australian dollar has fallen to a fresh three-year low as strong US economic data raised the possibility the Federal Reserve will start winding down its economic stimulus program soon.
Finance Minister Penny Wong has declined to say whether or not the government plans to impose a deposit levy on banks, despite a fall in share market values.
Treasurer Chris Bowen says a substantial hike in tobacco excise to raise $5.3 billion for the federal coffers will contribute to the government's planned return to a budget surplus, but more import
The Western Australian opposition has launched a website dedicated to Premier Colin Barnett's broken election promises after he said he didn't believe the community paid much attention to them.
US stocks have ended mixed after a busy day of news that included a policy statement from the Federal Reserve and a mixed report on US economic growth.
The Australian share market has closed flat after light and lacklustre trading as hints of a cash rate cut next week by the Reserve Bank failed to spark major moves.
The property industry has welcomed the state government's plan to halve the number of metropolitan local government areas, saying larger councils would result in a more robust planning and approval
The Australian share market is slightly lower in early trading as investors await a key economic meeting and the release of data in the United States later this week.
Australia may be heading towards softer economic growth with interest rates falling to record lows and resources construction activity expected to peak soon.