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Apple gets more reliant on iPhone

Adam Satariano and Alex Tribou

For all the attention Apple has received for its new smartwatch and music service, the tech giant is increasingly dependent on the iPhone, which last year generated more sales than Google, Twitter and Facebook combined.

Currencies

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Markets

$A forecast to hit US60 cents

The Australian dollar has been slump as concerns about China weigh.
Rose Powell, Vanessa Desloires

Few would have thought a year ago the Australian dollar, which was barely 5 cents from parity with the greenback, would be trading at US70¢.

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Retail

The Force Awakens at midnight

The digital force awakens: The Star Wars movie collection is set to arrive on digital HD platforms.
Catie Low

Australian Star Wars fans were the first in the world to get a look at the new Star Wars Episode 7 toys on Thursday.

Banking & Finance

Mining & Resources

Rosneft seeks Sinopec as partner

The potential agreement would give Sinopec the right to acquire 49 per cent of the East Siberian Oil and Gas Co and Tyumenneftegaz.
Stephen Bierman and Ilya Arkhipov

Rosneft said it wants China Petroleum & Chemical Corp to help tap two Siberian oil fields.

World Business

Alibaba chairmen said to plan $US2b loan against stock

Walking a tight rope: Jack Ma has a considerable stake in Alibaba, which creates a challenge in diversifying his personal investments without panicking investors.
Ruth David, Dinesh Nair and Spencer Soper

Founder Jack Ma and vice chairman Joseph Tsai are planning to use a margin loan to raise money for their private wealth fund, according to people familiar with the matter.

Brooks returns to her old job at News Corp

Rebekah Brooks leaves court in London in 2014.
Kate Holton

The Rupert Murdoch protegee, cleared of overseeing widespread phone-hacking, will again run News Corp's British newspaper arm.

China

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Property Focus

Suburban office market booming

This Centrelink-leased building at 172-186 Moreland Road, Brunswick, fetched $20.95 million in June.
Nicole Lindsay

An offshore investor has splashed out nearly $24 million on a Blackburn North office building as the suburban office market racks up another year of record sales.

One Wharf Lane set to shine

One Wharf Lane being developed by M&L and Brookfield.
Carolyn Cummins

The $220-million redeveopment of the Four Points by Sheraton and the adjoining conference centre has been given an extra boost with the addition of two more floors at the adjoining office project.

Executive Style

Money

What to do during market turmoil

No, we're not in panic mode yet.
Richard Livingston

Shares in banks and miners have been hard hit. That makes now a good time to buy. Or does it?

Small Business

Business Video

Aus hit by double whammy of bad economic news

Australia's economic growth is the weakest it has been in two years and the dollar slumps to a six year low.

Duration
01:40