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Iron ore surges, but producers wary

Spot iron ore with 62 per cent content is fetching $US79.81 a tonne.

Iron ore prices are continuing to rally but experts don't expect the price to be sustainable enough for producers to up their capacity.

Troy Grant to stand down as NSW Nationals leader

Standing down: Deputy Premier Troy Grant.

Deputy Premier Troy Grant has announced he will quit as leader of the NSW Nationals a day before facing a spill motion in his party room following a disastrous showing in the Orange byelection.

Trump backer says US refugee swap deal is 'dead on arrival'

US President-elect Donald Trump visits US President Barack Obama in the Oval Office of the White House last week.

Canberra's get-out-of-jail card on the future of the hundreds of Australia-bound refugees on Nauru and Manus Island may have a very short shelf-life, with the head of a prominent US anti-immigration think tank warning: "this is the kind of thing the Trump administration will nix on Day 1."

China releases one of detained Crown casino staff

Crown's casino resort in Melbourne. Crown staff have been accused of 'gambling-related crimes' in China.

One of 18 Crown Resorts employees detained a month ago in China has been released on bail, suggesting authorities have concluded their preliminary investigations and could soon move to formally arrest and then charge those remaining in custody.

NAB chief's pay rises to $6.7m

NAB chief executive Andrew Thorburn's pay lifted after the bank sold poorly performing assets.

National Australia Bank chief executive Andrew Thorburn's pay packet rose to $6.7 million last financial year - about 80 times the average full-time wage of $81,900.

Crime by postcode: How safe is your suburb?

Police at crime scene

Fairfax Media has launched an interactive crime map that provides the most comprehensive information on criminal offending in every Victorian postcode over the past five years