Poor English 'saved Japan bankers' in GFC

JAPAN'S banks emerged from the 2008 global credit crisis largely unscathed because senior employees did not speak English well enough to have got them into trouble, the country's finance minister says. Taro Aso, who also serves as deputy prime...

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NSW public servant wages to pay for super

PUBLIC servants will have to pay for superannuation increases out of their own wage packets after the NSW government tinkered with a loophole in its wages policy. The move circumvents a ruling by the industrial umpire, which earlier this week...

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Russia police arrest 1400 illegal migrants

RUSSIAN police have detained almost 1400 illegal migrants living in a makeshift village in Moscow, police say. The raid targeted a settlement in the city's southeast, where some 1380 migrant workers from Central Asia lived in crowded rooms,...

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Market rally comes to an end

AUSTRALIAN shares fell flat on the last day of trade in the financial year as cautious investors sold mining and insurance stocks. Australia's share market gained 17 per cent over the past year, but the final week of 2012/13 proved a roller coaster...

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Journo wanted to help abuse victims

A JOURNALIST has told an inquiry that she wrote a series of newspaper articles about child sexual abuse by priests because she wanted to help the victims. Newcastle Herald journalist Joanne McCarthy's articles, over two years from 2010, led to...

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12 soldiers killed in Lebanon clashes

Three soldiers died in a clash with supporters of anti-Hezbollah sheik Ahmed al-Assir in Lebanon. Source: AAP TWELVE soldiers have been killed in clashes with supporters of a radical Sunni cleric in southern Lebanon, the army says, in violence...

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Hearings wrap up for ex-Gunns boss

FORMER Gunns chairman John Gay has been remanded on bail until the beginning of his trial on insider trading charges. Mr Gay is scheduled to front the Tasmanian Supreme Court in Launceston from August 5 after preliminary proceedings hearings...

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Another Dreamliner makes emergency landing

A BOEING 787 Dreamliner jet was forced to make an emergency landing during an internal US flight because of a problem with its brake system, United Airlines says. "United flight 94 from Houston to Denver returned to Houston on Sunday due to a...

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