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Darren Stevens: Kent's veteran all-rounder close to agree new contract

Kent's41-year-oldall-rounderDarrenStevenssaysheisclosetoagreeinganewone-yearcontractwiththecounty.StevensjoinedKentfromLeicestershirein2005andhasenjoyedaprolifi

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Australia's economy progressing in its rebalancing: central bank chief

​Australia's economy is progressing in its rebalancing from mining-led growth, aided by accommodative monetary policy, a stance that will be in place for some time to come, Australia's top banker said on Thursday.

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Interest rate cuts less effective: Australia's central bank

​Cutting interest rates could be less effective at boosting the local economy than it did in the past, Reserve Bank of Australia governor Glenn Stevens said on Friday.

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Aussie gov't urged to achieve budget surplus as election looms

Australian central bank governor Glenn Stevens last week issued a dramatic pre-election call for the government to achieve a budget surplus as soon as possible, and for the first time since 2008, a step he said would help restore economic confidence.