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Echo to raise funds by issuing shares

Shares in casino operator Echo Entertainment have been halted from trade as the company plans to issue new securities to raise extra funds.

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Alesco rejects the $188m takeover from DuluxGroup

Alesco has rejected a $188 million takeover offer from paint maker DuluxGroup, but DuluxGroup maintains its offer is a compelling one.

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OneSteel refinances a $295 million syndicated loan

OneSteel Ltd says it has refinanced a $295 million syndicated loan due to mature in August 2013 after scaling back its refinancing facility

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EU says the €100bn rescue loan to banks in Span is a sign of better confidence

Europe's decision to offer Spain's battered banks a 100 billion euro-($A127.76 billion) bailout is a sign that confidence is returning, the EU says.

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Stocks to watch early on Tuesday

Stocks of interest on the Australian Securities Exchange early on Tuesday

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US stocks sink after Spain-fuelled rally

Wall Street has headed into negative territory after an early rally fuelled by Spain's banking bailout fizzled.

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