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US stocks close up, led by commodities and bank stocks

News from the world’s major stock markets

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Fitch cuts ratings for 18 Spanish banks

Ratings agency Fitch has downgraded 18 more Spanish banks, a day after cutting ratings for the country's two biggest banks.

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Aussie stocks hold up well to close slightly higher

The Australian share market closes slightly higher despite big falls on overseas markets ahead of Greek election as instability in Europe continues

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Qantas shares rise for the first time this month after probe into takeovers

Qantas shares have bounced after the embattled airline announced it would monitor any takeover bids.

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RBA cracks down on excessive credit card merchant charges

The Reserve Bank of Australia will crack down on businesses who charge customers excessive fees for using their credit card

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Fairfax revenues to drop by $94 million

Fairfax Media says tough trading conditions have continued in the second half of the financial year, meaning revenue and earnings will fall.

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