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BHP mine disaster in Brazil: Mud from Samarco is toxic, UN says

Samarco issued this photo on Monday showing a clean-up team at work in Barra Long, downstream from the mine location. It has claimed the mud wasn't toxic.

Mud from the dam that burst at a BHP Billiton joint venture's iron ore mine in Brazil this month is highly toxic, the United Nations' human rights agency says. The findings contradict the company's claims it was safe.

About $30 billion was raised in 2014 by turning mortgages into residential mortgage-backed securities to sell as bonds to investors.

Small banks win securitisation reprieve

Shaun Drummond

Banks have won a reprieve from changes to securitisation rules that threatened to remove a major funding source and force smaller lenders to merge.

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Sydney's Gen Y gloomier than global peers

One in five young people in Sydney say their age is a barrier to employment, compared with one in 10 globally, new research shows.
Inga Ting

Young people in Sydney are twice as likely as youth in other global cities to say their age made it hard to find work, according to new international research into the attitudes and economic prospects of 18 to 25-year olds.

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Strata office values soar

A showroom at 11-19 Bank Place in the CBD sold for $1.9 million.
Nicole Lindsay

Strata office prices in a Flinders Lane building have doubled in two years as buyers snap up property in Melbourne's CBD.

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Mal Maiden: Reserve Bank gloomy

Little cause for seasons cheer in Reserve Bank governor Glenn Stevens' latest pronouncements.

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