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Australian shares close higher

The Australian share market has closed higher after former US Treasury secretary Larry Summers pulled out of the race to head the US Federal Reserve. At the close on Monday, the benchmark S&P/A..

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Housing prices on the rise: RP Data

Housing prices continued their rise in the week after the federal election, new figures show. The RP Data-Rismark Daily Home Value Index for the five mainland state capitals rose by 0.5 per cent in..

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Westfield sells seven US malls

Australian shopping centre giant Westfield is selling seven US malls for $US1.64 billion ($A1.76 billion). Private equity company Starwood Capital Group will own and manage the assets in Ohio, Wash..

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Australian shares open higher

The Australian share market has opened more than three-quarters of a per cent higher. At 1010 AEST on Monday, the benchmark S&P/ASX200 index was up 45.4 points, or 0.87 per cent, at 5,265.0, wh..

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Lynas loss widens, new debt deal struck

A depressed rare earths market has forced Lynas to postpone its expansion and renegotiate a $225 million debt facility.The Australian rare earths miner, one of the world's few non-Chinese producers, w..

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