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Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange on Thursday, Nov 27: ASL - AUSDRILL - down 5.5 cents, or 10.9 per cent, at 45 cents Mining services business Ausdrill is slicing $28 million off ..

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Resources, banks push up Aussie market

The Australian share market is trading higher, led by a stronger resources sector and gains amongst the big banks. CMC Markets chief market strategist Michael McCarthy said the Australian market ha..

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$A weakens as US economy surges ahead

The Australian dollar is weaker as a surprise jump in US economic growth boosts the greenback. At 0630 AEDT on Wednesday, the local currency was trading at 85.24 US cents, down from 86.02 cents on ..

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Consumer confidence lifts ahead of Xmas

Consumer confidence is slowly improving, which should result in a pick up in spending going into the Christmas period. The ANZ/Roy Morgan consumer confidence index rose 1.2 per cent last week, part..

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Investors applaud OzForex profit

OzForex's share price has jumped on a 26 per cent rise in profit, ending a run of outs for its stock. The foreign exchange services provider also said it was well placed for growth, as global curre..

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Medibank float delivers healthy gains

Medibank Private first day of trading didn't quite live up to expectations, but mum and dad investors picked up a tidy profit anyway.There were cheers at the Australian Securities Exchange as the priv..

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Explorer Heron suffers second strike

Mining explorer Heron Resources has been forced to hold a spill of its board of directors after suffering a shareholder revolt at its annual general meeting. Heron suffered a so-called "second stri..

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China rate cut boosts share market

Mining stocks are propelling the share market higher after interest rates in China were cut to boost economic growth. The unexpected move by the People's Bank of China has raised expectations of an..

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More NAB customers can join claim

National Australia Bank customers slugged with unfair fees have a second chance to take part in a multi-million dollar compensation claim. About 30,000 NAB customers are already part of a class act..

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Aust shares open 1% higher

The Australian share market has opened one per cent higher. At 1010 AEDT on Monday, the benchmark S&P/ASX200 index was up 53.0 points, or 1.00 per cent, at 5,357.3, while the broader All Ordina..

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Shares weaker for fifth straight day

The Australian share market has closed lower for the fifth straight day as financial stocks weighed on the local bourse. IG Market strategist Chris Weston said the ASX 200 had continued its sell-of..

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Shares flat as miners recover

The share market is slightly lower as weakness in financial and industrial stocks offsets a comeback by the resources sector. The local market had defied a positive lead from the US, where both the..

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US unemployment aid applications fall

The number of people applying for US unemployment benefits declined slightly last week, suggesting that job gains should remain solid. The Labor Department says weekly applications for jobless aid ..

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Stocks to watch on Friday

Stocks to watch on the Australian stock exchange on Friday, Nov 21: BHP - BHP BILLITON - down 87 cents, or 2.7 per cent, at $31.80 FMG - FORTESCUE METALS - down 10 cents, or 3.7 per cent, at $2...

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Miners weigh on Aussie shares

The Australian share market has fallen by nearly one per cent following more weak economic signs from China and a fresh slump in iron ore prices. The miners are weighing heavily on the market due t..

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Aussie shares close lower

The Australian share market has closed almost one per cent lower amid falling commodity prices and weak Chinese economic data. At the close on Thursday, the benchmark S&P/ASX200 index was 52.6 ..

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Lower iron ore price hits share market

The share market is lower for a fourth straight day as further falls in iron ore prices drags on the big miners. IG market strategist Evan Lucas said the lower iron ore price was the main culprit b..

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Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange on Thursday, Nov 20: AAC - AUSTRALIAN AGRICULTURAL COMPANY - down two cents, or 1.3 per cent, at $1.485 The nation's biggest beef and cattle prod..

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Fed worried over global growth

Federal Reserve policymakers saw a potential threat to US growth from the global slowdown and a possible decrease in inflation in their last meeting. But they also said a sharp fall in oil prices w..

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Nasdaq drops as Tesla, Netflix stumble

High-flying tech companies Netflix and Tesla Motors have stumbled, pulling the Nasdaq 0.6 per cent lower in a muted day for US equities. The tech-rich Nasdaq dropped 26.73 points (0.57 per cent) to..

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Aussie market closes lower

The Australian share market has closed lower for its third straight session, dragged down by losses among the major miners and big banks. Investors largely ignored gains on markets in the United St..

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Aussie shares close lower

The Australian share market has closed lower, with the big miners and big supermarkets weighing on the broader market. At the close on Wednesday, the benchmark S&P/ASX200 index was 30.9 points,..

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