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 'I don't think it is going to be necessary to cut rates': Fed chair Janet Yellen.

Rate cut unlikely despite risks: Yellen

Tightening financial conditions and uncertainty over China pose risks to the US recovery, but chances are slim it will lead to rate cuts, Fed Chair Janet Yellen told US lawmakers.

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Vocational education giant collapses

Henrietta Cook and Sarah Danckert

Thousands of students of at least four colleges have been left in limbo with huge debts following the collapse of one of the country's largest vocational education companies.

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need2know: ASX poised to rebound

GENERIC ASX .
PIC SHOWS...ASX AT CLOSE OF BUSINESS TODAY .
GENERIC ASX . STOCK MARKET . FINANCE . MINING . ENERGY ...
Timothy Moore

Local shares are poised to open higher on a positive lead from Wall St. Earnings from Rio, ASX and Cochlear ahead.

Yellen hedges on negative rates

The Bank of Japan and the European Central Bank recently cut their benchmark rates into negative territory in an attempt ...
Matthew Boesler

The Federal Reserve has not yet determined whether it would be able to legally implement negative interest rates in the US, chair Janet Yellen said.

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ESPN's dark side too strong for Disney

ADVANCE FOR USE ON SUNDAY NOV. 1 - FILE - In this Sept. 29, 2007 file photo, Eastern Michigan linebacker Daniel ...

Walt Disney Co's ESPN sports network posted a decline in quarterly profit, overshadowing the blockbuster success of Star Wars: The Force Awakens.

China

How a huge Chinese 'Ponzi scheme' lured investors

Ding Ning, owner of Ezubao, speaks during an interrogation in an unknown location in an image taken from CCTV footage.
Emily Rauhala

Ezubao advertised on China's government-built bullet trains, and its executives schmoozed with state media big shots and Communist Party cadres. But it was the spot on CCTV's sober nightly newscast that sold one investor. "The government is behind it," she thought.

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Property Focus

Housing sector boosts Stockland

Stockland has sold a half- stake in its landmark Piccadilly Centre in the Sydney CBD for just under $200 million to ...
Carolyn Cummins

Stockland, one of the country's biggest home builders, has been boosted by the residential sector which help provide a 50.6 per cent rise in statutory profit to $696 million for the December half.

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The market millionaires

 Louise Olsen and Stephen Ormandy, the creative directors of Dinosaur Designs, started off with a market store.
Kate Jones

Before crowdfunding and reality TV, the humble market was where some of the biggest names in business tested their products.