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On Friday, Samarco was working with police, firefighters and other rescue workers to help the injured and homeless.

BHP, Vale drop after Brazil dam disaster

Jesse Riseborough and Denyse Godoy

Shares of BHP Billiton and Vale slumped as mudslides from bursting dams at their joint venture in Brazil signalled a prolonged disruption to operations.

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In Depth

Mobil under scrutiny on climate change

"We unequivocally reject the allegations that Exxon Mobil has suppressed climate-change research."
Justin Gillis and Clifford Krauss

The sweeping inquiry, by the New York attorney general, focuses on whether the oil company lied to the public.

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Markets

$A drops as US seen closer to rate lift

The Australian dollar tumbled 1.58 per cent to US70.31¢ at 11.26am in New York on Friday.
Lananh Nguyen and Rachel Evans

The Australian dollar was 1.4 per cent lower in late afternoon trade in New York on Friday after October's unexpectedly bullish US jobs report.

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The Economy

Retail

'It could cripple our small business'

Reuben Republic offered a free sandwich deal for locals.
Esther Han

Reuben Republic feared it would "be crippled" after a sandwich deal for locals was misreported by a food blog as one open to all Sydneysiders.

Banking & Finance

Bank rate rises add $2.5 billion to profits

Banks will add close to $2.5 billion in profit with combined rates rises since May, according to some analysts.
Shaun Drummond

Banks are estimated to have collectively added about $2.4 billion to their bottom lines, with interest rate rises in July and October and November since the Reserve Bank reduced the cash rate to 2 per cent in May.

Mining & Resources

World Business

Exxon Mobil under scrutiny on climate change

"We unequivocally reject the allegations that Exxon Mobil has suppressed climate-change research."
Justin Gillis and Clifford Krauss

The sweeping inquiry, by the New York attorney general, focuses on whether the oil company lied to the public and investors about the risks of climate change.

China

China shares set to enter bull market

Ordinary Chinese investors are piling back into stocks.
Kyoungwha Kim

China's benchmark share index is poised to enter a bull market, as ordinary investors returned to buy stocks after an unprecedented state rescue effort halted a $US5 trillion crash.

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Property Focus

31-level South Yarra skyscraper?

Marc Pallisco

Dodo founder, venture capitalist and property developer Larry Kestelman has wasted no time proposing South Yarra's next skyscraper.

Executive Style

Money

Small Business

Business Video

Top 3 takeaways from bank reporting season you need to know

The big four banks have reported their annual profit results: what are the top three takeaways you need to know?

Duration
01:08