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Australian PM Turnbull to hold press conference at 0300GMT
Reuters is reporting that the Australian PM Turnbull is scheduled to hold a press conference shortly at 0300 GMT. Markets are speculating that the presser is likely to be about the Upper House voting against the government tax cut bill. Earlier today, the Australian Foreign Minister Bishop noted that PM Turnbull rejected Cabinet resignations as new challenge looms.
Added at 11:10pm
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Australian Prime Minister Malcolm Turnbull Says We Will Not Be Taking Company Tax Cut Policy To Next Election After Fails To Pass In Senate
— LiveSquawk (@LiveSquawk) August 22, 2018