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  1. FROM THE AGE ... http://news.theage.com.au/business/a-se ... -6sc7.html Aquarium Industries has gone belly up after the slide in the Australian dollar and falling consumer spending hit the bottom line of the country's biggest wholesaler of ornamental fish. Aquarium Industries appointed Greg Keith and Trevor Pogroske of Grant Thornton as voluntary administrators, the Melbourne-based company said in a statement on Friday. The falling local currency hurt the business by making it more expensive to import fish, which made up 60 per cent of the business. Customers had also become more reluctant to buy ornamental fish, as they sought to save money instead. Aquarium Industries, which supplies 1,000 retailers in Australia and employs 60 people, will continue to trade as the administrators look for a buyer for the business. "The effects of the global downturn and the substantial increase in the cost of doing business overseas has been felt across a range of industries and enterprises," Mr Keith said. "As the flow-on effect of the global economic climate becomes apparent, we are seeing businesses from all sectors impacted." HAMZA
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