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Australia 1Q Business Investment Rises 6.1% Vs Est. 4% Gain

Govt. report shows.

  • Australian companies plan to spend A$158.0 billion in 2011-2012
  • Australian companies plan to spend A$173 billion in 2012-2013
  • Australia 2012-13 mining investment estimated at A$118.5 billion
  • AUD 96.88 U.S. cents vs 96.93 before data

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