Melbourne News
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Updated 34 minutes ago
Gold swung between gains and losses as investors weighed speculation the Federal Reserve will maintain its record stimulus against a continuing decline in investor assets. Prices headed for the best week in a month.
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Updated 47 minutes ago
West Texas Intermediate crude headed for the biggest weekly drop in more than a month amid signs of rising U.S. fuel supplies and a global economic slowdown. Brent oil may fall below $95 a barrel, Bank of America Corp. said.
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Updated 56 minutes ago
Soybeans were set for a fourth weekly advance, the best run since February, on increasing demand from China as U.S. inventories contract.
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Updated 29 minutes ago
Ford Motor Co. Falcons, driven by Mel Gibson in Australia’s 1979 movie “Mad Max,” have rolled off a Melbourne production line for 53 years. Now, like Max’s “last of the V-8s,” their days are numbered.
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Updated 23 minutes ago
Coal’s worst slump in seven years has failed to deter GVK Group and Adani Enterprises Ltd. from pressing ahead with a $21 billion bet on Australia’s Galilee Basin as other companies shelve projects amid rising costs.
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Updated 58 minutes ago
Echo Entertainment Group Ltd., holder of Sydney’s only casino license, fell the most on record after rival Crown Ltd. sold its 10 percent stake saying it wanted to end speculation over its intentions.
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Updated 58 minutes ago
Oscar-winning filmmaker Alex Gibney untangles the complex Wikileaks saga and founder Julian Assange’s brilliant, dark mind in the fascinating “We Steal Secrets: The Story of WikiLeaks.”
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A Texas patent-licensing company that demands royalties from businesses for simply scanning a document was sued by Vermont in what the state said is the first such consumer-protection lawsuit in the U.S.
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ComfortDelgro Corp., the biggest operator of taxis and buses in Singapore, plunged the most in more than a decade on the city’s stock exchange after its former largest shareholder sold part of its stake.
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Updated 22 minutes ago
Crown Ltd., the casino company controlled by billionaire James Packer, hired UBS AG to sell its 10 percent stake in rival Echo Entertainment Group Ltd., according to three people familiar with the situation.
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