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US stocks seek relief after week of drama

Wall Street may find some relief in the dog days of summer following a week of drama.

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Aussie shares close down by 1.1%

The Australian share market closed lower on Friday as investors abandoned resources stocks

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BHP takes US$2.84 billion hit on its US shale gas assets

Investors are questioning the wisdom of BHP's bet on shale gas after it had to write down those US assets by $2.7 billion

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ResMed lifts its full year profit by 12%

Sleep disorder equipment supplier ResMed has posted a 12 per cent rise in annual profit.

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Hastings continues to lean towards PPA’s takeover bid

Energy infrastructure investor Hastings is still recommending a PPA takeover offer in the absence of a formal revised bid from rival suitor APA.

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Economists predict RBA to keep cash rate at 3.5% for now

The central bank is expected to keep the cash rate on hold at its August and September board meetings following cuts in May and June.

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