Men found clinging to Esky after boat sank

Two men were found grasping an Esky after spending the night in seas off the northern NSW coast. Source: AAP TWO men were found grasping an Esky after spending the night in seas off the northern NSW coast. The men are recovering in hospital...

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Govt defends approval of $6bn Palmer mine

The government says Clive Palmers parliamentary role had nothing to do approving his coal project. Source: AAP THE Abbott government is defending its decision to approve Clive Palmer's $6.4 billion coal project in Queensland's Galilee Basin,...

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Telstra sells HK business for $2b

Telstra will sell its stake in Hong Kong mobile business CSL for $A2.74b to HKT limited. Source: AAP TELSTRA shares have hit their highest level in almost nine years after selling its stake in Hong Kong mobile business CSL for around $2 billion....

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Hockey okays China stake in SP AusNet

FEDERAL Treasurer Joe Hockey has granted conditional approval for the world's largest electricity company to take a 19.9 per cent stake in Australian energy infrastructure firm SP AusNet. State Grid Corporation of China will acquire the stake...

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Union polls suggest LNP loss in Redcliffe

UNION polling suggests the Liberal National Party could lose the state seat of Redcliffe to Labor at next year's by-election. The seat, north of Brisbane, was vacated by LNP turned independent Scott Driscoll in November after he was found in contempt...

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NZ shares rise as economy takes off

NEW Zealand shares rose after the Federal Reserve announced a smaller than expected reduction in stimulus and figures showed economic growth that beat estimates. The NZX 50 Index gained 31.182 points, or 0.7 per cent, to 4707.060. Within the index,...

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School in shock after boy dies in crash

A SYDNEY school community is in shock after a young boy on holidays from Malaysia died after he was hit by a car on the last day of the school year. The six-year-old was struck as he was walking with his mother and two female cousins, aged four...

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Ten chases ratings on the shiny floor

Ten Network's boss says the broadcaster's new focus on older viewers is starting to deliver results. Source: AAP SPORT, reality shows and "shiny floor" TV will be Ten Network's big guns as it fights its way back into ratings contention, chief...

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Victoria set to swelter, finally

SUMMER is set to finally arrive in Melbourne, with the mercury tipped to reach 40C for the first time this season. Victorians will sweat through three successive days of 30 degrees or higher from Wednesday with the temperature expected to top...

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NBN rollout is scattered: Switkowski

TELSTRA management has directly contradicted claims by its workforce that the company's copper network is in disrepair, a Senate Select Committee into the National Broadband Network has heard. Under questioning from Greens Senator Scott Ludlum,...

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Kiwi extends gains over Aussie dollar

THE New Zealand dollar has extended its rally against its trans-Tasman counterpart as the divergence between the neighbouring economies makes New Zealand interest rates more attractive. The kiwi rose as high as 92.49 Australian cents on Monday,...

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Wesfarmers sells underwriting operations

DIVERSIFIED conglomerate Wesfarmers is selling its Australasian insurance underwriting operations to Insurance Australia Group (IAG) for about $1.85 billion - its biggest ever divestment. Wesfarmers managing director Richard Goyder said the sale...

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I don't expect marriage bill, says Abbott

PRIME Minister Tony Abbott says he does not expect gay marriage legislation to come before parliament, despite a senior colleague saying it is "likely" coalition MPs will be allowed a conscience vote on the issue. As attention shifts from the...

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Police officer stabbed in the neck

A 28-YEAR-OLD man has been charged with attempted murder after a north Queensland policeman was stabbed in the neck during a national crackdown on alcohol-fuelled violence. The officer was stabbed with a knife at a Townsville bar about 12.30am...

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