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10 things you need to know this morning in Australia

Thursday 5 May 2016

Business Outsider

Australia has a new RBA governor. Bill Shorten added marriage equality to his Budget reply. The town that pipes beer undergr
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10 things you need to know this morning in Australia

Australia has a new RBA governor. Bill Shorten added marriage equality to his Budget reply. The town that pipes beer underground. And Foxtel sidesteps Optus on the EPL.
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6 things Australian traders will be talking about this morning

 It seems traders were already focused on the most important release of the month tonight in US non-farm payrolls.
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Cupertino's mayor is furious at Apple: 'They abuse us'

Apple is building a $5 billion new campus in Cupertino, California and is the largest employer in the city. So you'd expect Cupertino's mayor, Barry Chang, to have a close relationship with the company.
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People are going crazy for pink Himalayan salt -- here's why it's a waste of money

Pink Himalayan salt is billed as one of the purest and most expensive salts in the world. It's mined in the Khewra Salt Mine in Punjab, Pakistan, where it's allegedly referred to as "white gold."
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The chance to have lunch with Apple CEO Tim Cook cost $515,000 this year

This year, the auction for an hour of the Apple CEO's very valuable time got hot towards the end. 
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Kobe Bryant's business venture with a billionaire investor is called '13' because he is still obsessed over how many teams didn't draft him

But even though Kobe is done playing basketball, that doesn't mean he isn't still driven by some of the slights that happened to him during his NBA career.
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Here's how China managed to lose $500 billion in reserves in one year

China lost $500 billion in foreign exchange reserves in 2015. $500 billion! If that sounds like a lot of money to you (it is!), here is a helpful explainer from Macquarie Research on how that money left the country.
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Some of the world's most influential investors got together and their outlook was incredibly grim

The biggest investors in the market got together on Wednesday, and judging from their investment ideas they're pretty bearish. About everything. 

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