Shadow Minister Robb on Australian Budget, Economy

May 15 (Bloomberg) -- Australian Shadow Finance Minister Andrew Robb talks about the budget announced yesterday and the outlook for the country's economy. The government will spend A$24 billion ($23.8 billion) on road and rail projects, while targeting A$43 billion of savings over five years in an effort to return to surplus by 2016-17, Treasurer Wayne Swan said in budget papers released yesterday. Robb speaks from Canberra with Susan Li on Bloomberg Television's "First Up."

Oil Strategist Baruch Sees Market at $40 Within a Month
04:01 - In today's "Futures in Focus," Bill Baruch chief market strategist at IITrader, and Bloomberg's Mark Barton examine the continued decline in oil prices ahead of this weekend's OPEC meeting. They speak on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
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