Monday

The Australian stock market hits a two-week high on Monday, but the China problem looms

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It was positive rather than gloomy financial results that drove the Australian stock market into positive territory, even though there are serious concerns about the price of iron ore. Jim Chalmers raised the alarm that there would be a $3 billion hole in the state's coffers if the price of ore remained below the Treasury … Read more

Sydney Metro to open on Monday after receiving final approval

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Sydney's new subway line will begin passenger service from Monday after the National Rail Safety Commissioner gave final approval to the project. The opening of the Chatswood to Sydenham line was planned for 4 August, but the opening date was postponed at the last minute due to the need for additional security checks.