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Australia's Q1 business investment fails to meet expectations with 4.4% fall

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Mr Lowe of RBA says firms are yet to adapt to the new normal of low global returns and had unrealistic targets of returns on investment

Sydney

AUSTRALIAN businesses investment suffered the largest fall in over six years last quarter while spending plans for the year ahead came in far below expectations, a deeply disappointing report that sent the local dollar reeling.

The news will be a bitter pill for the Reserve