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NEWS.com.au | Business | Breaking News



The latest business breaking news from NEWS.com.au



Published: Thu, 03 Mar 2016 00:10:34 GMT

Last Build Date: Thu, 03 Mar 2016 00:10:34 GMT

Copyright: Copyright 2016 News Limited. All rights reserved.
 



Oklahoma's Hamm plunges on Forbes list

Thu, 03 Mar 2016 00:05:14 GMT

THE fall in oil prices has led to Continental Resources Inc's CEO Harold Hamm sliding down the Forbes rich list, from 96th place in 2015, to 262nd place.


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Energy CEO McClendon dies in car crash

Wed, 02 Mar 2016 23:42:17 GMT

FORMER Chesapeake Energy Corp CEO Aubrey McClendon has died in a single-car crash a day after being indicted for allegedly colluding to rig acreage bids.


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Clouds over Africa as Barclays heads out

Wed, 02 Mar 2016 23:42:14 GMT

BARCLAYS is again looking to get out of Africa, 11 years after the British banking giant bought Sth Africa's Absa.


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Judge backs Argentina in debt standoff

Wed, 02 Mar 2016 23:42:12 GMT

A US judge will lift his orders protecting Argentina's creditors once it clears legislative obstacles and makes full payment on deals it reached by Monday.


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Global shares hit two-month high

Wed, 02 Mar 2016 23:42:11 GMT

OIL'S upward march and a good finish for US stocks have helped put global markets at their highest point in almost two months.


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Facebook faces German competition probe

Wed, 02 Mar 2016 23:42:08 GMT

SOCIAL network giant Facebook is being investigated by Germany's cartel office, accused of abusing its market power through its collection of user data.


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NZ dollar slides against Aussie

Wed, 02 Mar 2016 23:37:14 GMT

AFTER better than expected GDP data out of Australia the NZ dollar slips to a three-month low against its trans-Tasman counterpart.


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Pentagon seeks a few good computer hackers

Wed, 02 Mar 2016 23:37:13 GMT

THE US Defence Department wants to employ a few good computer hackers to test the Pentagon's systems and find vulnerabilities.


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Gold lifts as $US falls

Wed, 02 Mar 2016 23:37:12 GMT

GOLD claws back the previous session's losses as the US dollar falls and despite hawkish comments from a San Francisco Federal Reserve official.


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Services sector returned to growth in Feb

Wed, 02 Mar 2016 23:37:12 GMT

THE Australian Industry Group's PSI lifted 3.4 points to 51.8 points in February, moving above the 50 mark to indicate the sector is growing.


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Algae bloom kills millions of salmon

Wed, 02 Mar 2016 23:37:11 GMT

TONS of salmon has been killed in a toxic algae bloom, likely spawned by the El Nino's higher temperatures, off key exporter Chile.


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Nigerians sue Shell in UK court

Wed, 02 Mar 2016 23:37:10 GMT

TENS of thousands of Nigerian fishermen and farmers are suing Shell, saying oil spills from the energy giant's operations has destroyed their lives.


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Fed survey finds weaker exports hurting

Wed, 02 Mar 2016 23:37:09 GMT

THE Federal Reserve says that the economy is expanding in most the US despite facing headwinds from lower oil prices and a strong US dollar.


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Ecopetrol, Repsol suspend ops in Akacias

Wed, 02 Mar 2016 23:37:09 GMT

COLOMBIA'S state-controlled oil company Ecopetrol and Spanish energy major Repsol suspend operations in the Akacias field due to low prices.


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Copper, aluminium, zinc up on strong data

Wed, 02 Mar 2016 23:37:08 GMT

INDUSTRIAL metals benefit from a risk-on attitude in financial markets with copper, aluminium and zin all hitting multi-month highs.


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Toyota adds 356,000 cars to air bag recall

Wed, 02 Mar 2016 23:37:07 GMT

A NEW worldwide recall of more than 350,000 Toyota vehicles with potentially defective Takata air bags has brought the total to15,314,000.


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Stocks to watch on Thursday

Wed, 02 Mar 2016 21:53:16 GMT

STOCKS of interest on the Australian Securities Exchange


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Fiat, L'Espresso to merge publishing arms

Wed, 02 Mar 2016 21:53:15 GMT

FIAT Chrysler Automobiles will merge its editorial operation with Gruppo Editoriale L'Espresso to create a "leading players in the Italian media".


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US companies add 214,000 jobs

Wed, 02 Mar 2016 15:40:23 GMT

US payroll processor ADP says US companies added 214,000 jobs last month, a sign that the labour market in the world's largest economy is in good health.


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AB InBev to sell SABMiller Chinese stake

Wed, 02 Mar 2016 11:40:07 GMT

AB InBev will sell SABMiller's 49 per cent stake in China's Snow beer to China Resources Beer Co to ease regulatory concerns.


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