US consumer spending rebounds in May

US consumers boosted spending in May after a slowdown the previous month as personal income grew far more than expected. Consumer spending - the engine of the US economy - rose 0.3 per cent, led by purchases of manufactured durable goods, the...

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Sydney men charged over ecstasy supply

THREE men have been charged after a long-running police investigation into commercial drug supply in Sydney's east and south. Strike Force Shear, which was formed last year to investigate the supply of ecstasy, raided several properties in Parramatta,...

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Chase speaking at Gandolfini's funeral

MOURNERS have gathered for the funeral of US actor James Gandolfini. The creator of The Sopranos, David Chase, is one of four people scheduled to speak during the ceremony at the Cathedral Church of Saint John the Divine in New York. The others...

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Obama seeks to calm Snowden tension

US President Barack Obama has sought to calm tensions surrounding fugitive intelligence leaker Edward Snowden's stay in a Moscow airport. Signs are also growing that Snowden doesn't possess documents allowing him to travel further. Snowden,...

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Italy has hit bottom, but 'recovery looms'

ITALY'S business association says the eurozone's third largest economy has "hit bottom" and is on the slow path to growth. However, it sharply revised its gross domestic product forecast. Confindustria said in a report that gross domestic product...

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US stocks rise for third straight day

US stocks have pushed higher for a third day as bond yields fell again on easing worries that the Federal Reserve will soon cut back its stimulus program. Stocks opened higher on Thursday, also helped by moderately positive economic data. They...

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