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The future of shopping centre owner Centro remains uncertain, with no sign of when a court will deliver its verdict on its restructure plans.
Australia's housing sector is continuing to struggle, with capital city home prices dropping four per cent in the year to October.
Australia's largest rare earths miner Lynas Corporation says prices for rare earths have fallen in recent months, a healthy development for the industry.
Positive predictions about Europe's debt crisis and solid US consumer data have been offset by American Airlines' filing for bankruptcy protection.
US online sales rose 33 per cent on the Monday after the Thanksgiving holiday weekend, a report by a sales tracking agency says.
US stocks have soared after the central banks of the US, the eurozone, Britain, Japan, Canada and Switzerland announced a plan to help cash-strapped banks.
