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Woodside on target to hit 2013 guidance

Woodside Petroleum has achieved a record 2012 production result and hopes to do even better this year as it develops more projects overseas. The energy producer lifted production and revenue by abo..

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Australian stocks reach 19 month high

Australian shares have reached a 19-month high as optimistic investors push the local bourse 2.7 per cent higher for the year. At 1200 AEDT on Thursday, the benchmark S&P/ASX200 index was up 37..

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Iluka cuts jobs and production

Mineral sands miner Iluka will cut production resulting in job losses after tough trading conditions led to a loss of nearly one-third in revenue in 2012 compared to the previous year. Iluka's Enea..

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Australian stocks open flat

Australian shares have opened flat as traders wait to see if the market surpasses a 19-month high reached after the New Year. At 1014 AEDT on Thursday, the benchmark S&P/ASX200 index was up 9.6..

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Santos costs blow out in 2012

Santos's production costs blew out by up to $50 million in 2012, highlighting the risks to its massive Queensland Gladstone liquefied natural gas (LNG) project.But the cost hike was offset by an 18 pe..

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Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange on Thursday January 17, 2013. BBG - BILLABONG INTERNATIONAL LTD - down 1.5 cents, or 1.5 per cent at 96.5 cents Billabong shares were lower on We..

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US stocks closed mixed as Boeing falls

US stocks have turned in a mixed performance, as Boeing's latest aircraft problem overshadowed strong earnings from leading banks.The Dow Jones Industrial Average finished down 23.66 points (0.17 per ..

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