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The $9.05 billion takeover of rail and ports giant Asciano has hit another stumbling block, with the competition regulator raising concerns.

Australian business investment fell by 5.2 per cent in the March quarter, which was worse than forecasts, official figures show.

The $9.05 billion takeover of rail and ports giant Asciano has hit another stumbling block, with the competition regulator raising concerns.

Navitas has been granted leave to appeal against a decision that will force one of its UK subsidiaries to pay Value Add Tax (VAT) in the UK.

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