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Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange early on Thursday: AAI - ALCOA INC - down 89 cents at $10.50 The future of 600 employees at an aluminium smelter in the Victorian city of Geelong..

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Aussie stocks close higher

The Australian share market has closed higher as a positive day for energy stocks offset weakness among Australia's retail banks and mining giant BHP Billiton. At 1615 AEDT, the benchmark S&P/A..

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Australand profit drops 15%

Property developer Australand believes it can improve earnings despite suffering a 15 per cent drop in annual profit. Australand on Wednesday said its net profit dropped to $140.6 million for the y..

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Webjet half-year profit up

Online travel agent Webjet is claiming the position of market leader after reporting a double-digit lift in first half net profit. Webjet said net profit for the six months to December 31, 2011, ro..

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Wall Street holds onto gains

Stocks held steady in the green on Tuesday afternoon on growing confidence about the US job market and hope that Greece will reach a debt deal. The Dow Jones industrial average is on pace to close ..

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Stocks to watch Wednesday

Stocks to watch on the Australian stock exchange early on Wednesday: AKI - AFRICAN IRON LTD - up 0.5 cents at 56.5 cents CFE - CAPE LAMBERT RESOURCES LTD - down one cent at 57 cents South Afr..

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Emu to revive antimony mine

Australia's largest antimony mine is to be revived under plans by Emu Nickel, which needs to raise $60 million to buy the asset and re-start production. The Perth-based minnow on Wednesday said it ..

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Macquarie flags job cuts

Macquarie Group plans to cut 10 per cent of its investment banking jobs and fears its full year profit will plunge as difficult trading conditions take their toll. Australia's largest investment ba..

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No interest rate cut this time

The Reserve Bank of Australia (RBA) has keep its cash rate at 4.25 per cent following its February board meeting. The decision surprised the market, as 13 of the 14 economists surveyed by AAP had s..

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NAB warns on funding costs

National Australia Bank is on track for another record cash profit, but the bank says higher funding costs have begun to hit its revenue. Demand for loans remains weak in Australia, the lender said..

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Macquarie Group to cut jobs

Macquarie Group has flagged job cuts of around 10 per cent at its investment banking arm as it foreshadows a significant decline in full year profit. The company said its Macquarie Securities unit ..

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Thiess wins $1bn contract

Leighton Holdings subsidiary Thiess has won a $1 billion mining contract to extend the life of OZ Minerals' Prominent Hill copper and gold mine. The new contract means the mining services company w..

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Stocks to watch on Tuesday

Stocks to watch on the Australian stock exchange early on Tuesday: DOW - DOWNER EDI LTD - up 25 cents at $3.79 AMP - up five cents at $4.27 The major private partner in the troubled Reliance ..

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Stocks slip on Wall Street

Stock indexes are closing slightly lower as talks drag on between Greek political leaders over a fresh austerity package required for the country to get more bailout loans. President Nicolas Sarkoz..

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Greek debt talks continue

Parties backing Greece's coalition government will hold a second day of emergency talks on an austerity deal with rescue creditors, after an intense weekend of negotiations failed to produce a breakth..

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Aussie stocks close higher

The Australian share market market has closed higher after better than expected US jobs figures boosted global sentiment for equities. However, investors are still showing signs of anxiety over the..

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Job ads at 2-year high: ANZ

Job advertisements in January posted their largest monthly rise in almost two years, although the rate of joblessness is expected to drift up in 2012, a private sector survey shows. Total job adver..

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