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Consumers are actively shopping around to find the supermarket that right for them.

Supermarket shoppers switching in droves

Marc Moncrief

Half of Australia thinks it can get cheaper groceries by switching supermarkets, and about one in four of us have already switched.

About one in 10 tourists to Australia now come from China. Chinese tourists are increasingly choosing to travel independently rather than in tour groups.

China to keep tourism strong

Jamie Freed

Chinese tourists are poised to overtake New Zealanders as Australia's most common visitors within five years, according to the government's tourism researcher.

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In Depth

Shell makes biggest net loss in a decade

Shell is buying BG for more than $US70 billion.
Rakteem Katakey

Royal Dutch Shell reported its biggest net loss in at least a decade as it wrote down the value of assets and lowered its oil-price expectations.

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The Economy

Retail

Grocers lose $8 billion in three days

coles and woolworths
Sue Mitchell

More than $8 billion has been wiped off the market value of food and grocery retailers amid growing fears of a British-style price war after Woolworths' profit downgrade last week.

Banking & Finance

Hartzer sharpens razor at Westpac

Westpac chief executive Brian Hartzer says expense growth of 5 per cent for the year was too high.
Clancy Yeates and James Eyers

Westpac Banking Corp will take a harder line on costs to preserve shareholder returns, as it expects credit growth to be "lower for longer" despite recent signs activity is picking up.

Mining & Resources

Backdoor listings not all bad news

Killing off some of the mining zombies on the exchange could help improve investor sentiment towards resources.
Tess Ingram

The disappearance of scores of listed junior resources companies from the local bourse could be a key step in restoring investor confidence in resources stocks.

World Business

Shell makes biggest net loss in a decade

Shell is buying BG for more than $US70 billion.
Rakteem Katakey

Royal Dutch Shell reported its biggest net loss in at least a decade as it wrote down the value of assets and lowered its oil-price expectations.

Pfizer, Allergan in $460b merger talks

An acquisition of Allergan, which has its legal domicile in Dublin, may also let Pfizer relocate outside the US for tax purposes.
Anjali Cordeiro

Pfizer and Botox-maker Allergan are considering a merger, setting the stage for what could be one of the largest deals in the drug industry's history.

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Property Focus

Microsoft Sydney opens next month

New Microsoft flagship store in Pitt Street Mall, opening on November 12.
Carolyn Cummins

It's looming as the battle between Windows and iPhones, as the giant Microsoft enters the Australian market in a prime City spot, to take on the equally powerful Apple, located just around the corner.

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Business Video

Rates decision could go either way

The Melbourne cup day RBA meeting will be one to watch explains the Age's Economics Editor Peter Martin.

Duration
02:12