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Sunday, March 21, 2010
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Sunday, March 21, 2010
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Part of the trial against Tio Tinto executive Stern Hu will be heard in closed court, China has confirmed.
Australian businessman Stern Hu will be tried in closed court in China, a situation slammed as "outrageous" by the Australian Greens.
Shares in agribusiness AWB Ltd fell sharply after it downgraded its annual profit guidance.
Australia needs an ombudsman to protect consumers and food producers from being ripped off by big supermarkets groups.
A squeeze on interest margins and higher costs hit credit unions' profits in 2009 as they felt the brunt of the big banks' pricing power.
RBA says the jury is still out on whether it should force credit card providers to lower interchange fees.
Macquarie Research says the budget could be brought back to surplus by 2011-12, four years earlier than forecast by the government.
The NSW body that sets energy prices is being urged to consider the impact on households as it prepares to lift electricity rates.
Supermarket giant Woolworths Ltd says its foray into the telecommunications market is proving successful.
The fallout from Greece's debt woes have helped propel the Australian dollar to a 13-year high against the euro, experts say.