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Finance Minister Penny Wong says the government is prepared to make spending cuts to reach budget surplus.
Australian stocks are expected to open firmer as players take their cues from Chinese government moves.
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WA Premier Colin Barnett says an 8.3pc increase in the cost of gas needs to be put into 'perspective'.
Telco Optus is weighing up its options after a Federal Court ruling effectively, ended its TV Now service.
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