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September, 27, 2016

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Business > Asia > Australia
The Australian government is tired of having unemployed people say cannot they take a job because it may interfere with their golf plans or dreams of becoming an actor.
 
The Zimbabwean government will now control all mining in the diamond-rich Marange area, after mining companies were ordered to halt all operations because their licenses have expired, the mining minister said Monday.
 
HSBC '15 profit dips as it warns of bumpy financial outlook
HSBC warned of a "bumpier" global financial outlook thanks to China's slowing economy, as it reported Monday that profit dipped slightly last year.
 
A massive, 404-carat diamond measuring more than 7 centimeters (2.7 inches) in length has been unearthed in the southern African nation of Angola, an Australian mining company said.
 
US$100 mil. lawsuit against Venezuela under way
A U.S. federal trial over a US$100 million investors' lawsuit against Venezuela includes allegations of fraud, hints of an international criminal conspiracy, and references to diamonds, German junk bonds and a mysterious house fire in Switzerland.
 
Hong Kong, Seoul stocks sharply lower after holidays
Asian stocks shuddered again Thursday, led by sharp drops in Hong Kong and South Korea, which were catching up to global market turmoil after being shut for Lunar New Year holidays.
 
TOKYO -- Japan's economy contracted at a worse than expected 1.4 percent annual pace last quarter as Prime Minister Shinzo Abe's lavish stimulus policies failed to counter anemic consumer demand and sluggish exports.
 
Japan introduces negative interest rate to boost economy
The Bank of Japan on Friday said it will charge lenders that leave too much cash on idle deposit with it, introducing a negative interest rate policy for the first time as it seeks to shore up a stumbling economic recovery.
 
Japan's trade deficit fell to its lowest level in four years in 2015, the Finance Ministry reported Monday, as import costs dropped thanks to the collapse in oil prices.
 
Chinese state energy giant CNOOC has cut its targeted output for 2016, the first such move in over a decade, as fears grow over the health of the Chinese economy and plunging oil prices.
 
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