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10 things you need to know this morning in Australia

Sunday 12 May 2019

Business Outsider

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The Aussie dollar is looking resilient despite escalating trade tensions between the US and China

The AUD stood firm against new fronts in the trade war and a barrage of Trump tweets.
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Uber had the worst first-day dollar loss ever of any US IPO

Uber listed on the NYSE on Friday and by the end of day's trading the stock was down 6.7% - a historically poor performance. 
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Scott Morrison unveils election promise allowing first home buyers to purchase property with just a 5% deposit — as long as you're not earning too much

The Liberal Party has used its official campaign launch to woo young Australians with a new scheme to help first home buyers get on the property ladder.
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The top 15 countries with the most billionaires, ranked

Fifteen countries now account for 75% of the world's billionaire population and 79% of the world's billionaire wealth.
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The Pentagon is reportedly shifting funds from ballistic missile and surveillance plane programs to fund Trump's border wall

US military authorities are diverting $US1.5 billion in funds to help fund the construction of President Donald Trump's controversial border wall.
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Iron ore prices climb to new cyclical highs

Iron ore prices climbed to fresh multi-year highs on Friday, following positivity in China's steel market.
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It's time for Tesla to go into stealth mode for the rest of 2019

Tesla raised $US2.7 billion in new capital last week and now has the perfect excuse to drop off the radar for the rest of 2019.
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These not-for-profits could win $10 million each from Macquarie Bank — here's how they are impacting the world

The Aussie investment bank is giving away millions as part of its 50th birthday celebrations.

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