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Political unrest unsettles Aus sharemarket

Written By Unknown on Senin, 27 Januari 2014 | 16.42

The sharemarket is in for a volatile week after turbulence in emerging markets spooked investors. Source: AAP

THE Australian sharemarket is in for a volatile week after turbulence in emerging markets spooked investors on Friday.

At the close on Friday, the benchmark S&P/ASX200 index was 22.1 points, or 0.42 per cent, lower at 5,240.9 and the broader All Ordinaries index was down 21.2 points, or 0.4 per cent, at 5,254.3.

It was the third straight week local shares had finished in the red.

AMP Capital Investors chief economist Shane Oliver says the main issue worrying investors on Friday was political trouble in the emerging markets.

Mr Oliver says the instability has occurred at the same time the US Federal Reserve is winding back its monetary stimulus.


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Bahrain 'man dead after police shooting'

Bahrain's main Shi'ite opposition bloc says a young man has died after being shot by authorities. Source: AAP

BAHRAIN'S main Shi'ite opposition bloc says a young man has died after being shot by authorities earlier this month.

The al-Wefaq bloc said on Sunday that 19-year-old Fadhil Abbas Muslim and a friend were hit with live ammunition on January 8 in the village of Markh, near the capital Manama.

It says Muslim's family received no information about him or his whereabouts until his death was confirmed on Sunday.

Bahraini authorities had no immediate comment on the allegations.

The shooting appears to match an incident announced by the interior ministry earlier this month in which it said two suspects in an investigation into a suspected weapon smuggling plot were injured while trying to flee police.

The man's father, Abbas Muslim, said his son is innocent and uninvolved in political activities.


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US officials probe illness on cruise ship

US health officials have boarded a cruise ship docked in the US Virgin Islands to investigate an illness outbreak that has stricken at least 300 people with gastrointestinal symptoms including vomiting and diarrhoea.

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New Springsteen album makes debut at No.1

Written By Unknown on Minggu, 26 Januari 2014 | 16.42

Bruce Springsteen's new album has knocked Beyonce's self-titled album off the top of the ARIA chart. Source: AAP

BRUCE Springsteen's High Hopes has knocked Beyonce's self-titled album off the top of the ARIA chart after a three-week run.

High Hopes is the Boss' third album to reach No.1 in Australia. Born in the USA took the top spot in 1984, before the singer's Greatest Hits collection in 1995.

Beyonce's album slipped to No.3 while the soundtrack for the Disney film Frozen climbed a place to No.2. Katy Perry's Prism fell two spots to No.4.

Lorde's Pure Heroine and Avicii's True both dropped a place to No.5 and No.6 respectively.

The INXS collection The Very Best made its top 10 debut, moving up four places to No.7.

London Grammar fell a place to No.8 with their album If You Wait, while Eminem dropped three places to No.9 with The Marshall Mathers LP2.

Returning to the top 10, up two places to No.10, is Imagine Dragons' Night Visions.

On the ARIA singles chart, Pharrell Williams remains in the top spot with Happy for the fourth week.

Australian DJ Joel Fletcher and rapper Savage hit a new peak of No.2 with Swing, while Trumpets by Jason Derulo falls a spot to No.3.

Magic holds at No.4 with Rude, and returning to their former peak of No.5, up two places, is Rudimental featuring Emeli Sande and Nas, with Free.

All of Me by John Legend and Strong by London Grammar both dropped a spot to No.6 and No.7 respectively.

Dutch musician Tiesto makes his singles debut with Red Lights, up four places to No.8.

American duo A Great Big World, with Christina Aguilera, also make their top 10 debut. Their single Say Something is up a whopping 41 spots to No.9. Pitbull and Ke$ha's Timber is down a place to No.10.


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Abbott on indigenous recognition crusade

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Goodes represents decency: Abbott

Tony Abbott believes Australian of the Year Adam Goodes (pic) stands for decency in national life. Source: AAP

TONY Abbott thinks Adam Goodes is an excellent choice of Australian of the Year as he believes the indigenous footballer stands for decency in national life.

But while the prime minister's sentiment was echoed across the nation it was not universal, with an Aboriginal activist labelling the choice a move to offset debate on celebrating Australia Day on January 26.

Mr Abbott, who has committed to striving for constitutional recognition of Australia's indigenous people, used the national holiday on Sunday to reiterate his intention to try to achieve what New Zealand did with the 1840 Treaty of Waitangi.

"If we had known in 1901 what we know now, if our hearts had been as big then as now, we would have acknowledged indigenous people in the constitution back then," he told reporters at Australia Day celebrations in Canberra.

Similarly, Opposition Leader Bill Shorten told reporters in Melbourne that Australia's finest moments came in turning the national will to ending exclusion and bringing people in from the margins.

He, too, wants Aboriginal and Torres Strait Islander people to have a place of honour in the constitution and to see real progress in the fight against indigenous disadvantage.

Mr Goodes, a champion AFL player with the Sydney Swans, was named Australian of the Year on Saturday for his leadership and advocacy in the fight against racism, both on the sporting field and in society more broadly.

He has confronted racism head-on, using an incident last year, when a teenage girl called him an "ape" from the grandstand, as a tool to teach indigenous Australians and minority groups to say no to racism.

However Aboriginal activist Michael Mansell said giving the award to a high-profile Aboriginal was a desperate move by the Australia Day Council to offset debate on the appropriateness of January 26 as Australia's national day.

He said Australia Day awards were inextricably linked to the celebration of Australia Day, a date that marked the arrival of white people on January 26, 1788.

"Adam Goodes' standout qualities are that he is a good footballer and was abused by a 13-year-old girl at a football match. In themselves, these attributes hardly warrant a best of the best award," he said in a statement.

Mr Abbott said Mr Goodes stood for excellence in sport and decency in national life.

"Yes, I think he has been an excellent choice," the prime minister told reporters.

Australian Human Rights Commission president Gillian Triggs said the award acknowledged Mr Goodes' significant contribution to understanding human rights and anti-racism initiatives.

NSW Premier Barry O'Farrell said Mr Goodes had displayed outstanding leadership.

"His stand against racism last year brought the issue into the national spotlight and helped educate all Australians that racism in any form shouldn't be tolerated," he said.


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