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Fitch says Australian banks at risk of credit downgrade

Ratings agency Fitch has placed the big four and their subsidiaries on ratings watch due to their exposure to international credit markets.

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BKI’s half-year profit up 5%

BKI Investment Co has posted a five per cent rise in first half profit and flagged it is keeping an eye out for opportunities amid Europe's debt crisis woes.

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Leighton subsidiary Thiess wins $260m joint contract

Leighton Holdings subsidiary Thiess has won a $260 million joint contract to develop a port facility in north Western Australia

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Transurban’s CEO resigns

Chief executive of toll road operator Transurban Chris Lynch has handed in his resignation.

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US, European stocks decline

News from the world’s major stock markets

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Greece rejects plan for the EU to take over its budget

Greece has rejected a proposal for the EU to take control of its budget decisions if it can't get its financial house in order.

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