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Australian committee recommends stronger laws around foreign property investment

​A parliamentary committee has recommended that Australia's federal government enforce stronger rules regarding foreign property investment.

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Austrian unemployment rate continues to rise in August

The Austrian unemployment rate rose 10.1 percent year-on-year in August to reach 7.6 percent or 355, 643 people without work, new figures released Monday have revealed.

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Germany's benchmark DAX inches up

​The benchmark DAX index at the Frankfurt Stock Exchange on Monday increased by 1.83 percent and closed at 9,510.14 points.

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Symposium on Caribbean's coastal tourism opens in Grenada

A symposium to explore sustainable models for the development of coastal tourism in the Caribbean kicked off in Grenada on Thursday.

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China beefs up financial support for trade

China's central bank on Wednesday called for more financing channels for the country's import and export businesses, in efforts to stabilize foreign trade.

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Vietnamese PM stresses importance of raising domestic demand

Vietnam is striving to increase its domestic aggregate demand in two major ways including speeding up disbursement of the country's key projects and creating jobs for local workforce, said Vietnamese Prime Minister Nguyen Tan Dung on Tuesday.

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U.S. House passes "clean" debt-limit bill

U.S. House of Representatives on Tuesday approved a bill with no provisions attached to extend the limit on the federal government's borrowing authority.

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Japanese gov't urges firms to hike wages

The government of Prime Minister Shinzo Abe indicated it wants companies to raise salaries as corporate earnings and investments increase, to spur its reflationary efforts as business and union leaders began negotiations on annual wages here Wednesday.

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Cambodian PM raises salaries for lowest-level civil servants

Cambodian Prime Minister Hun Sen on Tuesday signed a sub-decree to increase salaries for more than 90,000 lowest-level civil servants.

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Australia unveils 100 pct home-made target for pruchase of government cars

Australia has announced additional measures to ensure automotive manufacturing sector has a strong future and continues to provide high-skill, high-wage jobs for Australians, Minister for Innovation, Industry, Science and Research Kim Carr said on Monday.

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Hong Kong Dockers go on parade on Labor Day

Furious dock workers started off a parade on the May 1 Labor Day to carry on with their fight for higher salaries and better working conditions, after an unfruitful negotiation with the representatives of the capital.

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Cambodia's garment workers to get pay rise for 2013

Garment Manufacturers Association of Cambodia (GMAC) on Monday agreed to increase salaries for the workers in the kingdom's garment and footwear industries, according to a press release after a closed door meeting.