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Aussie shares close lower

The Australian share market has closed more than two per cent lower, in a horror session weighed down by large losses by the banks. At the close on Wednesday, the benchmark S&P/ASX200 index was..

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New home sales hit 5-year high

The number of new home sales rose to a five-year high in March, with record low interest rates helping to fuel the housing boom. New homes sales rose 4.4 per cent in March, seasonally adjusted, the..

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Market down heavily

Australian shares have had their largest sell off in a week after the Reserve Bank indicated Tuesday's interest rate cut would be the last for now. Investors are also punishing market heavyweights ..

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Stocks to watch on Wednesday

Stocks of interest on the Australian Securities Exchange on Wednesday: AAD - ARDENT LEISURE - up 22.5 cents, or 11.34 per cent, at $2.21 Ardent Leisure has lifted third quarter revenues by 17 pe..

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