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Spanish banks hit by new downgrades

Moody's has hit 28 Spanish banks with new credit downgrades, as Madrid formally requests a rescue loan.

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Stocks to watch early on Tuesday

Stocks of interest on the Australian Securities Exchange on Tuesday

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Wall Street closes lower as EU crunch week kicks off

US markets have tumbled more than one per cent, with tech stocks leading the way.

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Stokes unlikely to buy Consolidated Media, analysts say

Analysts believe Kerry Stokes' flirtation with bidding for ConsMedia was unlikely to succeed, but could bring his diverse interests to a head.

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Billabong to fend off more takeover bids as shares plummet

Struggling surfwear retailer Billabong is expected to fend off more takeover bids after its share price dived to its lowest level on record

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Aussie shares close lower ahead of EU summit in Brussels

The Australian share market has closed lower as investors feel pessimistic that European leaders will act decisively to end the region's problems.

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