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Visit One News Page for Australia news from around the world, aggregated from leading sources including newswires, newspapers and broadcast media. Search millions of archived news headlines. This feed provides the Australia news headlines.

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    Analysts at Westpac explained their outlook for today's key events.

    *Key Quotes:*

    Australia’s busy data week starts with the Oct NAB business confidence survey at 11:30am Syd/8:30am Sing/HK. 

    The Sep survey showed confidence at +6, close to long term averages, but the conditions index was very strong, +15. This is the index that correlates best with economic activity, so the RBA would be happy with a similar reading in Oct.

    The UK data focus is on the labour market, with Sep average weekly earnings seen up 3.1%yr ex-bonuses and the unemployment rate expected to remain low, at 4.0%.

    The ZEW survey of German investor sentiment for Nov is due. The current conditions index has cooled but is still consistent with solid growth, but the expectations index has slumped to multi-year lows.

    US bond markets reopen after the holiday. On the data front, we see Oct NFIB small business survey, which should remain very upbeat. As usual soon after an FOMC meeting, Fed officials are spreading their message, with Kashkari, Brainard and Harker listed to speak." Reported by 6 hours ago.

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    Designation Recognizes Drs. Jennifer Burns and Daniel DeGroot’s Commitment to Exemplary Care, Deep UroLift Experience

    GREEN BAY, Wis. (PRWEB) November 12, 2018

    Prevea Urology today announced that Drs. Jennifer Burns and Daniel DeGroot have been designated as UroLift® Centers of Excellence. The designation recognizes that Dr. Burns and Dr. DeGroot have achieved a high level of training and experience with the UroLift System and demonstrated a commitment to exemplary care for men suffering from symptoms associated with Benign Prostatic Hyperplasia or BPH.

    “The UroLift System has fundamentally changed how I treat men in my practice who have symptoms associated with BPH,” said Dr. Burns. “Patients are experiencing rapid symptom relief and are often able to discontinue the use of ongoing BPH medications. It won’t be long before the UroLift System becomes the new standard of care for treating patients” added Dr. DeGroot.

    Nearly 40 million men in the United States are affected by BPH. Not to be confused with prostate cancer, BPH occurs when the prostate gland that surrounds the male urethra becomes enlarged with advancing age and begins to obstruct the urinary system. Symptoms of BPH often include interrupted sleep and urinary problems, and can cause loss of productivity, depression and decreased quality of life.

    Five-year data from a randomized study shows the UroLift System offers not only rapid improvement, but also durable relief for patients with BPH. After five years, patients treated with the UroLift System continue to experience symptom relief with minimal side effects, with few patients requiring an additional procedure for relief. A second randomized clinical trial called BPH6 demonstrated that the minimally invasive UroLift System compares very well to the reference standard surgery, transurethral resection of the prostate (TURP), with regard to efficacy, and is superior to TURP at preserving sexual function and offering a more rapid recovery.

    Medication is often the first-line therapy for enlarged prostate, but relief can be inadequate and temporary. Side effects of medication treatment can include sexual dysfunction, dizziness and headaches, prompting many patients to quit using the drugs. For these patients, the classic alternative is surgery that cuts, heats or removes prostate tissue to open the blocked urethra. While current surgical options can be very effective in relieving symptoms, they can also leave patients with permanent side effects such as urinary incontinence, erectile dysfunction and retrograde ejaculation.

    About the UroLift System
    NeoTract’s FDA-cleared UroLift System is a novel, minimally invasive technology for treating lower urinary tract symptoms due to benign prostatic hyperplasia (BPH). The UroLift permanent implants, delivered during a minimally invasive transurethral outpatient procedure, relieve prostate obstruction and open the urethra directly without cutting, heating, or removing prostate tissue. Clinical data from a pivotal 206-patient randomized controlled study showed that patients with enlarged prostate receiving UroLift implants reported rapid and durable symptomatic and urinary flow rate improvement without compromising sexual function. Patients also experienced a significant improvement in quality of life. Most common adverse events reported include hematuria, dysuria, micturition urgency, pelvic pain, and urge incontinence. Most symptoms were mild to moderate in severity and resolved within two to four weeks after the procedure. The UroLift System is available in the U.S., Europe, Australia, Canada, Mexico and South Korea. Learn more at

    About Prevea Health
    Founded in Green Bay, Wis. in 1996, Prevea Health is a health care organization that provides high-quality, primary and specialty health care in 80+ locations across Northern, Eastern and Western Wisconsin in clinic and hospital settings. It is partnered with six Hospital Sisters Health System (HSHS) hospitals across Wisconsin to provide patients a system of highly-coordinated care, close to home: HSHS St. Vincent Hospital and HSHS St. Mary’s Hospital Medical Center in Green Bay; HSHS St. Nicholas Hospital in Sheboygan; HSHS St. Clare Memorial Hospital in Oconto Falls; HSHS Sacred Heart Hospital in Eau Claire; and HSHS St. Joseph’s Hospital in Chippewa Falls. For more information, visit Reported by PRWeb 6 hours ago.

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    Reported by 3 hours ago.

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    Reported by 3 hours ago.

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    A rematch of the 2015 Asian Cup final offers an ideal chance for players to impress ahead of the next tournament Reported by 2 hours ago.

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    · *The AUD/USD is on the defensive, having closed below the 50-day EMA (exponential moving average) yesterday.*
    · *Both NAB business conditions and business confidence indices dropped in October. The dismal survey indices could strengthen the offered tone around the Australian currency.*

    The AUD/USD is currently trading largely unchanged on the day at 0.7173, but could soon begin reporting losses, courtesy of the bearish technical setup and the weaker-than-expected NAB surveys.

    The Australian currency took a beating on Monday as the American dollar surged across the board on Fed rate outlook. Notably, the AUD/USD closed below the 50-day EMA, having topped out at 0.73 last week.

    The bearish technical setup has left the doors wide open for a drop to 0.7129 - 61.8 percent Fibonacci retracement of 0.7021/0.73.

    More importantly, the probability of a drop to that level has gone up in the last few minutes, as the National Australia Bank (NAB) survey indices showed that the Australian economy is losing steam.

    The business conditions index dropped to 12 in October, from the downwardly revised the previous month's print of 14. Notably, the employment sub-index fell to 7 from 11. Meanwhile, the business confidence index also fell to 4 in October from the previous month's reading of 6.

    So far, however, the dismal NAB survey indices have not had a big impact on the AUD. The currency pair looks oversold as per the hourly chart RSI. As a result, a minor uptick cannot be ruled out.

    *AUD/USD Technical Levels*


        Last Price: 0.7173
        Daily change: -9.0 pips
        Daily change: -0.125%
        Daily Open: 0.7182
        Daily SMA20: 0.7144
        Daily SMA50: 0.716
        Daily SMA100: 0.7261
        Daily SMA200: 0.7466
        Daily High: 0.7239
        Daily Low: 0.7181
        Weekly High: 0.7304
        Weekly Low: 0.7183
        Monthly High: 0.724
        Monthly Low: 0.702
        Daily Fibonacci 38.2%: 0.7203
        Daily Fibonacci 61.8%: 0.7217
        Daily Pivot Point S1: 0.7162
        Daily Pivot Point S2: 0.7143
        Daily Pivot Point S3: 0.7104
        Daily Pivot Point R1: 0.722
        Daily Pivot Point R2: 0.7258
        Daily Pivot Point R3: 0.7278

      Reported by 2 hours ago.

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    AusCann Group Holdings Ltd (ASX:AC8) has achieved another milestone after appointing TGA-licensed PCI Pharma to manufacture and release its first medicinal cannabis product line. The proprietary solid hard shell capsules for the treatment of chronic pain are scheduled for release in the first half of 2019. The capsules will initially target a market that is estimated to be 1.9 million Australians who suffer chronic neuropathic pain. Sufferers can access the treatment through the TGA’s special access scheme (SAS). READ: AusCann Group releases education resources for medical cannabis awareness AusCann’s managing director Elaine Darby said: “AusCann elected to work with PCI Pharma due to their significant experience in providing manufacturing services of solid dose potent products to high standards of safety and quality. “This allows AusCann to bring its first hard shell capsules into the chronic pain market as quickly as possible, while continuing to focus on the development of our second generation cannabinoid pharmaceutical products.” Western Australia site proposed in early 2019 The manufacturing work by PCI Pharma complements AusCann’s research and development site it proposes to establish in Western Australia in early 2019. The site will be focused on the development of AusCann’s cannabinoid pharmaceutical product pipeline. It will encompass cultivation, extraction, new product development and manufacturing activities. 3.2 million Australians suffer chronic pain Around 3.2 million Australians suffer chronic pain and existing treatments are lacking in efficacy and have notable side effects. The main reason for the use of medicinal cannabis global is for the treatment of chronic pain. Notably, it is also an area where there is clinical data supporting its use. Reported by Proactive Investors 2 hours ago.

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    · *Bearish** action keeps the AUD/USD pinned to the downside amidst a thin data showing.*
    · *Broader markets have turned Dollar-positive, forcing down risk assets.*

    The AUD/USD is swamped in at new near-term lows at 0.7175 as the US Dollar sees broad-market resurgence on renewed risk aversion, and the Aussie's recent bid-up is facing challenges once again.

    Aussie traders were able to pick the AUD up off the floor near the 0.700 major handle at the beginning of this month, aided by receding buying interest in the Greenback, but USD-bidding is back in fashion this week, and the Aussie is slipping from a near-term swing high into the 0.7300 level.

    The National Australia Bank's Business Confidence and Conditions indicators came in at 4 and 12 respectively, compared to the previous reading for both indicators of 6 and 15, and economic data for the Australian continent continues to miss expectations more often than not, and growth projections continue to remain cautious for the domestic Aussie economy, with lopsided growth and unease over future trading conditions amidst ongoing US-China trade tensions.

    The AUD/USD will be seeing a flash of meaningful data on Thursday, with the latest Aussie employment rate and participation figures, and markets will be expecting a good-but-not-great turnout.

    *AUD/USD levels to watch*

    Downside potential for the Aussie-Dollar is growing, according to FXStreet's own Valeria Bednarik: "in the 4 hours chart, the 20 SMA gains downward strength well above the current level, while technical indicators maintain their strong bearish slopes, the Momentum at daily lows and the RSI at around 37, all of which leans the risk toward the downside. A strong static support comes at 0.7170, with a break below the level exposing the 0.7100 level. Above the mentioned 0.7220 level, on the other hand, the pair could retest the 0.7250 static resistance level, albeit there are no technical signs to support such recovery at the moment.  

    Support levels: 0.7170 0.7130 0.7100    

    Resistance levels: 0.7220 0.7250 0.7290 Reported by 2 hours ago.

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    A 50-year-old woman has been charged with contaminating strawberries with needles, an episode that has spurred one of Australia's biggest food scares. - REUTERS Reported by Bangkok Post 53 minutes ago.

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    Curators, no less than artists, play with space, creating enclosures from expansiveness. A memorable example of this liberty is the large show Baldessin/Whiteley: Parallel Visions at the NGV Australia. Reported by Brisbane Times 1 hour ago.

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    By Michael Lelyveld

    Despite all-out efforts to avoid shortages, China will depend on the volatile spot market for liquefied natural gas (LNG) to keep its homes heated for the second winter in a row.

    On Oct. 24, China’s top planning agency said it has a “contingency plan in case of emergencies such as extreme weather, in order to guarantee sufficient supplies of gas for residential use during the winter,” the official English- language China Daily reported.

    The guarantee by the National Development and Reform Commission (NDRC) is the government’s strongest assurance to date that homes will not be left in the cold as a result of anti-smog bans on coal-fired heating, as was the case last December.

    Details of the contingency plan announced by NDRC spokeswoman Meng Wei were not reported, but it is believed to include a combination of industrial cutbacks during the winter season and increased supplies from the international spot market for LNG.

    More than 120 billion cubic meters (4.2 trillion cubic feet; one bcm = 35.3 billion cubic feet) of gas will be made available for the winter heating season, or more than half of all the gas that China consumed last year. Forty percent of the winter supplies will be reserved for residential service, Meng said.

    With limited supplies from domestic production and cross-border pipelines, the government’s guarantee will have to rely on major increases of imported LNG from both long-term contracts linked to oil prices and the spot market.

    In the first nine months of the year, tanker shipments of super-cooled LNG from abroad accounted for 57 percent of China’s total gas imports, outpacing pipeline deliveries, according to customs figures.

    LNG’s share of total gas imports stood at 55.5 percent last year, exceeding pipeline deliveries for the first time.

    In 2017, China relied on pipeline and LNG imports for 38.7 percent of gas consumption. Through September, LNG imports have climbed 44.7 percent so far this year.

    The NDRC believes it is better prepared to avert shortages this winter as a result of a crash program to open new LNG import terminals and gas storage facilities.

    China’s storage capacity as a share of consumption has been only a fraction of the international average for major importers, leaving the country unprepared for rising demand.

    The NDRC said that China has now addressed the problem with about 100 newly-opened storage facilities, including tanks and depleted oil wells, accounting for 16 billion cubic meters (bcm) of capacity.

    *Still not enough*

    But with consumption of 237.3 bcm in 2017, China’s 3.5-bcm increase in storage this year will still be inadequate to meet consumption growth, if it sticks to its anti-smog campaign.

    Domestic gas production is running only 6.2 percent ahead year-earlier output, while China’s Central Asia Gas Pipeline (CAGP) system is nearing capacity.

    The limitations appear to make LNG imports the only avenue for the double-digit growth in demand.

    Total gas imports have jumped 33.1 percent in the first 10 months of this year, Platts Commodity News reported citing customs data.

    But the government’s calculations may be complicated by the unexpected and unpredictable vacillations of the Asian LNG market.

    On Oct. 25, Reuters reported that half a dozen tankers with LNG cargoes were “stranded” for up to two weeks in waters off Singapore and Malaysia due to adverse trading conditions and weaker-than-expected demand in the larger Asian market.

    The sudden turnaround in the Asian market is said to be the result of multiple factors, including official weather forecasts in Japan and Australia of a milder-than-usual winter in the region this year.

    The predictions have led to a market condition known as “contango,” when future gas prices rise above those for the nearer term, causing traders to delay deliveries.

    In this case, the situation has been muddied by several factors, including the high cost of delay.

    Due to the flood of LNG shipments in preparation for winter, tanker rates have soared to nearly U.S. $150,000 (1 million yuan) per day, according to petroleum industry consultants Gaffney, Cline & Associates.

    But in addition to the weather forecast, changes in demand are taking place in Japan, which has been the world’s largest LNG importer.

    The country’s nuclear reactors have started to come back on line sooner than expected following the Fukushima disaster of 2011, further reducing Asian LNG demand, Reuters said.

    In an added complication, Japan’s Inpex Corp. has started shipping LNG from its U.S. $40-billion (278-billion yuan) Ichthys project in the offshore of Western Australia, easing the Asian supply picture even further, The Wall Street Journal reported.

    “It is heartening news for China, which sees sudden rises in demand for LNG during the winter months,” the paper said.

    *Will gas prices rise?*

    For the time being at least, the eased pressure on prices seems to have outweighed concerns over China’s 10-percent tariff on LNG imports from the United States, imposed as part of the ongoing trade war.

    But China’s lack of available storage is likely to determine its ability to take advantage of more favorable conditions, leaving it susceptible to paying spot market prices whenever winter demand spikes.

    In a separate report, Platts quoted Citigroup analysts as saying that “as of September, LNG storage fields, with already limited capacity, might be nearly full due to more aggressive injections to avoid a repeat of last winter’s gas supply shortage.”

    Despite the NDRC’s guarantee and easing market conditions, the government has signaled its concern that gas costs will rise.

    On Oct. 26, Reuters reported that the government has warned China’s three big state-owned oil companies “not to manipulate gas prices or exceed the ceiling of government guided prices as the winter heating season approaches.”

    Mikkal Herberg, energy security research director for the Seattle-based National Bureau of Asian Research, said that China’s infrastructure problems have not been solved, despite the crash capacity-boosting program since the crisis last winter.

    “Their storage and pipeline capacity is very limited. It’s not something they’re going to fix in 12 months. It’s going to take a number of years,” Herberg said.

    China will get some relief from the infrastructure pinch with the opening of Russia’s 4,000-kilometer (2,485-mile) Power of Siberia pipeline. But deliveries are not expected until December 2019, gradually rising to peak volumes of 38 bcm annually after several years.

    In the meantime, China may have no way of avoiding reliance on high-priced LNG imports this winter, even if prices are slightly lower than last year’s record levels.

    “They really have no choice but to be dependent on the short-term spot market for the incremental demand beyond what’s been contracted,” Herberg said.

    Herberg compared China’s gas supply problems with the just-in-time production process in manufacturing that depends on incoming supplies of parts instead of warehouses full of inventory.

    “That will make them, chronically for the next number of years, just-in-time buyers. I don’t see a way out of that,” he said.

    “The imports are likely to weigh on the profits of China’s state-owned petroleum giants. The recent windfall in earnings from higher oil prices in the third quarter has been “covering up” the gas costs, Reuters said in another report.

    The impact on the PetroChina subsidiary of China National Petroleum Corp. (CNPC) has been particularly heavy, according to Reuters.

    “It is on the hook to fix China’s perennial gas shortages and must import from abroad to do so,” it said. The company reportedly spent about 20 billion yuan (U.S. $2.9 billion) on gas imports in the first nine months of the year, suffering losses on most sales due to domestic price controls.

    The warmer-than-usual weather may also make smog more persistent this winter, since weaker cold fronts will allow air to stagnate, China’s National Climate Center said at a press conference last week. Reported by Eurasia Review 1 hour ago.

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    A world-class education system awaits in Singapore at the Singapore Institute of Management (SIM)


    SINGAPORE - Media OutReach - 13 November 2018 -* *Mention the word education, and there will be those who instantly look towards the vaunted Finnish system -- one that emphasises learning through playing, with human values, rather than clinical statistics, the topmost priority. Yet another school of thought prescribes that to be successful, it's more a matter of studying smart and attaining balance, rather than simply studying hard.


    With an equally lauded reputation as its Scandinavian counterpart for producing top-tier graduates, Singapore is progressively taking its seat in the latter camp. This comes as its government continues to implement policies that move away from an obsession with grades, by focusing more on character scorecards and reflection journals, ensuing in a long overdue shift in mindset.


    *Future-proof skills and values the way forward*


    This trend can be attributed to how workers of the future have to compete across borders for the best education, jobs and growth. That's why a singular focus on academics will no longer suffice, in light of how artificial intelligence and automation will disrupt industries and render certain jobs obsolete. A collaboration between Cisco and Oxford Economics revealed that roughly 4.3 million workers will be displaced by 2027, with an additional 2.2 million workers disrupted, resulting in a total of 6.5 million job moves.^


    Taking this knowledge into consideration, students in Singapore are being trained to strengthen their competencies in collaboration, creativity, problem-solving, resilience and empathy, adding on to the foundational skills like literacy and numeracy they already possess. Essentially, old-school rote learning is making way for knowledge application to real-world scenarios and soft skill-based interactions.


    *Stellar results: a time-honoured Singaporean tradition*


    However, this does not mean that Singapore is abandoning its post as a global leader in education. In fact, its teenagers consistently emerge on top when faced with tests in maths, reading and science, as judged by the influential Programme for International Student Assessment (PISA).


    Besides the PISA rankings, Singapore's education system has also attained recognition as the best in Asia in preparing students for the future, according to an Economist Intelligence Unit (EIU) index in 2017. As such, it's evident the well-oiled talent factory is functioning as optimally as ever.


    A key reason for this continual success? Look no further than a pool of highly qualified educators.

    * *

    *The art of effective teaching*


    Singapore's successful future-skills education system is led by its teachers, who are selected primarily from the top 5% of graduates to teach challenging concepts, as well as excite students by linking lessons to relatable situations outside the classroom. Raising the status of teachers has been one of the ways to entice high-calibre students to take up the profession.


    Professor David Hung, Associate Dean of Education Research at the National Institute of Education remarked, "The culture of Singapore has moved to a place where the profession of teaching is more highly valued by families and parents. Two decades ago this wasn't the case. Pay is important. The substantive quality of teachers as observed by the public is important."^

    Teachers are also entitled to 100 hours of professional development per year, and their performance is appraised on a yearly basis across several metrics, including contribution to the academic and character development of their students. This places them firmly in line with the positive education movement, which seeks to create caring and trusting relationships within schools -- of which a large, quality selection exists.


    *Convergence of top education institutions*


    Singapore has firmly established itself as a key knowledge hub in Asia. In addition to its six autonomous universities (National University of Singapore, Nanyang Technological University, Singapore Management University, Singapore University of Technology and Design, Singapore Institute of Technology, and Singapore University of Social Sciences), several other world-class universities have also established a significant presence domestically. Among these are the Massachusetts University of Technology (MIT), Johns Hopkins University, and the Wharton Business School of the University of Pennsylvania.


    They are complemented by Private Education Institutions (PEIs) who have garnered greater popularity of late, with some students favouring a shorter degree completion period. This newfound confidence in PEIs has been further enhanced with measures to protect their interests, such as compulsory annual graduate employment surveys to track graduate employment outcomes and minimum financial standards.


    PEIs also add to an already diverse range of degrees and faculty mixes to choose from. For instance, the Singapore Institute of Management Global Education (SIM GE), a non-profit institution, offers courses from the University of Birmingham taught directly by faculty lecturers, and the renowned University of London, one of the world's oldest universities.


    *Going places with SIM GE*


    The award-winning SIM GE lays claim to over 50 years of experience in the private education arena, and its leadership in this field has led to a fraternity of 150,000 graduates, with an annual enrolment of 19,000 students, 20% of which are full-time international students from more than 40 countries.


    More than just a multi-cultural learning environment, SIM GE provides students with career-ready skills and knowledge, through over 80 full-time and part-time courses offered in partnership with prestigious universities. Partner universities include:


    *From the UK*

    · University of London: One of the oldest universities in the world established in 1836
    · University of Birmingham: Named University of the Year for Graduate Employment^1
    · The University of Warwick: Ranked 54th in the world^2
    · University of Stirling: Scotland's University for Sporting Excellence


    *From the US*

    · University at Buffalo, The State University of New York: Ranked 38^th among public universities^3


    *From Australia*

    · University of Wollongong: with top-ranking faculty for Computer Science in School of Computer Science and Software Engineering
    · RMIT University: 14^th highest ranked university in Australia^4
    · La Trobe University: Ranked in the Top 50 universities for Hospitality and Leisure Management^5


    Programmes aside, top-notch facilities that support learning can be found across SIM GE's campus of over 100,000m^2, like the largest management library in Singapore, a Financial Training Centre, and over 100 well-furnished lecture theatres and seminar rooms. From academic to career development programmes, SIM GE has built a reputation as a global institution which settles for nothing less than the best for its students.


    To get started on your personal world-class educational experience with SIM GE, visit here to learn more. Alternatively, contact Ivy Ang at +65 9100 3712 or email


    ^1The Times and Sunday Times Good University Guide, 2016

    ^2 QS World University Rankings, 2019

    ^3U.S. News and World Report's Best Colleges Ranking, 2019

    ^4QS World University Rankings, 2018

    ^5QS World Rankings by Subject, 2017 Reported by Media OutReach 1 hour ago.

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    Summary of key proposed amendments to the Building and Construction Industry Security of Payment Act 1999 (NSW). Reported by Mondaq 1 hour ago.

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    I'm a Celebrity: Harry Redknapp, Sair Khan and Nick Knowles in line-up ITV confirms the 10 names heading to the jungle in Australia - from soap stars to a football boss. Reported by BBC News 1 hour ago.

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    Iwasaki Capricorn: How Australia's biggest poolside resort was abandoned It was once the glittering jewel in Australia's tourism crown — a luxury resort nestled in the middle of a massive expanse of pristine natural beauty.Iwasaki Resort in Yeppoon, on Queensland's Capricorn Coast, boasted hundreds of... Reported by New Zealand Herald 1 hour ago.

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    He set foot in Australia for the first time earlier this week but Martin Boyle could be the latest Socceroos debutant come Saturday. Reported by Brisbane Times 44 minutes ago.

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    First in a series of articles to assist in a better understanding of how the PPSA applies to you and how to avoid the pitfalls. Reported by Mondaq 48 minutes ago.

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    The ability of a contract counterparty to rely on ipso facto clauses that are triggered by an insolvency event is now limited. Reported by Mondaq 40 minutes ago.

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    A testament to Hyatt's commitment to excellence and creativity in food and beverage, the annual competition cultivates emerging culinary talent and celebrates cultural diversity


    HONG KONG, CHINA - Media OutReach - November 13, 2018 - Hyatt Hotels & Resorts today announced that Sebong Oh and Lily Liu will represent its Asia Pacific region in The Good Taste Series competition in the global final early next year. Now in its fifth edition, the annual contest has grown from a North American initiative to a global program featuring chefs from Hyatt hotels in Asia Pacific, the Americas, Europe, the Middle East and Africa. Designed to cultivate emerging talent from Hyatt's kitchens, The Good Taste Series provides anyone from line cooks to executive sous chefs with an opportunity to showcase their culinary flair.


    "Hyatt has always enjoyed the reputation of being a leader in food and beverage. Our secret sauce to success is to foster a nurturing environment where we develop and recognize our chefs as well as provide a stimulating platform for them to exchange their knowledge and collaborate with one another," said Andreas Stalder, Senior Vice President, Food and Beverage Operations and Product Development, Asia Pacific at Hyatt Hotels & Resorts.


    Stalder added, "This is the second year that we are holding The Good Taste Series in Asia Pacific. We are delighted to see the increased excitement and engagement among our chefs. We have almost four times as many participants this year compared to last year as well as more female chefs. It has been inspiring to see the creativity and passion among our up-and-coming chefs as well as how their diverse culinary styles and cultural backgrounds have influenced the food they make."


    340 chefs from 68 Hyatt hotels competed for the coveted opportunity to represent their sub-regions in this year's Asia Pacific final of The Good Taste Series. Among which, six contestants were selected from across Greater China, Southeast Asia, Australia, Korea, Japan and Micronesia: Sotaro Okuda of Hyatt Regency Kyoto, Josephine Loke of Andaz Singapore, Sebong Oh of Grand Hyatt Seoul, Jason Ho of Grand Hyatt Taipei, Lily Liu of Park Hyatt Hangzhou and Woontae Baek of Hyatt Regency Perth.


    The night before the Asia Pacific final, the six chefs received a mystery black box containing wild venison, langoustine, porcini mushroom and kohlrabi that were to be incorporated into their dishes. In addition, they were provided with fruits and vegetables supplied by Ecofarm, a certified organic farm in Jiangxi, China. The chefs were then given a few hours to create a cold dish and a hot dish.


    The judging panel comprised of renowned chefs from Asia Pacific including Margarita Forés, Vicky Lau, Bruno Menard, Dave Pynt and Stefan Stiller as well as food critics Dong Keping, Susan Jung and Myffy Rigby. The judges also offered their expertise and provided guidance to the six finalists during the food tasting.


    Chef Sebong won top marks from the judges with his two creations: Steamed langoustine with yuzu sauce, fruit jelly, beetroot tuile, roasted porcini and broccoli puree; Bulgogi marinated venison, gochujang potato croquette, carrot-ginger puree, Korean braised kohlrabi, pickled asparagus and lime Yorkshire pudding. First runner-up, Chef Lily impressed the judges with her cold dish of langoustine, crustacean jelly, parsley mayonnaise and kohlrabi and a slow-cooked venison loin, rice mantle, porcini ravioli, oyster sauce with vegetable.


    "I am thankful to have this opportunity to develop myself through this competition with contestants from other countries", shared Sebong Oh. "Through The Good Taste Series, I have learned what I am capable of achieving. I look forward to the global final where I would like to show more Asian spirit through my creativity in my dishes."


    "I think this is an excellent opportunity from Hyatt to nurture skillful chefs and to help them grow," said Lily Liu. "I have learned much from this competition and believe that this will help me become a better chef."


    Sebong Oh and Lily Liu will face off with four other chefs from Hyatt hotels in the Americas, Europe, the Middle East and Africa in The Good Taste Series global final, which will be held in Singapore in the first quarter of 2019.


    The term "Hyatt" is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.


    *About Hyatt Hotels Corporation*

    Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 14 premier brands. As of June 30, 2018, the Company's portfolio included more than 750 properties in more than 55 countries across six continents. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top colleagues, build relationships with guests and create value for shareholders. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, including under the *Park Hyatt®, Miraval®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound Collection by Hyatt®, Hyatt Place®, Hyatt House®, Hyatt Ziva*™*, Hyatt Zilara*™*, Hyatt Residence Club® *and *exhale®* brand names. For more information, please visit **. Reported by Media OutReach 26 minutes ago.

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    · *USD/JPY has trimmed gains despite the worsening risk aversion in the equities.*
    · *Session lows could be revisited if the European stocks report bigger losses.*
    · *Bank of Japan's (BOJ) asset holdings has surpassed Japan's GDP.*

    The USD/JPY is currently trading at 113.87, having set a four-day low of 113.58 earlier today.

    The currency pair has recovered losses despite a deeper drop in the Asian stocks. At press time, Japan's Nikkei is down 3 percent and Shanghai Composite is down 0.5 percent. Stocks in Australia, Hong Kong, South Korea, and New Zealand are also reporting losses.

    The pair's resilience to worsening risk aversion reinforces the bullish view put forward by the 5-day and 10-day exponential moving averages (EMAs). Further, the Chinese yuan is showing signs of life. As a result, a big move on the high side cannot be ruled out, especially if the stock markets turn green in Europe.

    The probability of the risk-on action, however, is quite low as Italy and the EU remain at odds over Italy's deficit target. Hence, the pair may fall back to a session low of 113.58 and may suffer deeper losses if the markets begin pricing in an early Bank of Japan (BOJ) QE taper. Moreover, the central bank's holdings have surpassed Japan's GDP. As a result, policy normalization could become a necessity rather than choice. 

    *USD/JPY Technical Levels*


        Last Price: 113.74
        Daily change: -2.0 pips
        Daily change: -0.0176%
        Daily Open: 113.76
        Daily SMA20: 112.88
        Daily SMA50: 112.64
        Daily SMA100: 111.91
        Daily SMA200: 110.06
        Daily High: 114.22
        Daily Low: 113.66
        Weekly High: 114.1
        Weekly Low: 112.94
        Monthly High: 114.56
        Monthly Low: 111.38
        Daily Fibonacci 38.2%: 113.87
        Daily Fibonacci 61.8%: 114
        Daily Pivot Point S1: 113.54
        Daily Pivot Point S2: 113.31
        Daily Pivot Point S3: 112.97
        Daily Pivot Point R1: 114.1
        Daily Pivot Point R2: 114.44
        Daily Pivot Point R3: 114.67

      Reported by 3 minutes ago.

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