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Australia recorded a bigger than expected trade deficit in March, largely due to sagging prices for iron ore and coal exports.
China has replaced the heads of its three biggest energy companies, the firms said in separate statements, as speculation mounts over reforms to the oil industry.
Ratings agency Standard and Poor's has downgraded BHP Billiton's outlook from stable to negative on forecasts of weaker cashflows for the global miner.
Australia’s economic engine room — northern WA — will be at the heart of a multibillion-dollar Federal Government plan to boost resources and food exports to Asia and the southern States.

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