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Plant closure to cost Incitec $23 million

Incitec pivot says the temporary shutdown of its Phosphate Hill ammonia plant will cost it around $23.5 million.

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Fortescue positive on Chinese demand

Iron ore miner Fortescue says it expects Chinese demand for iron ore to remain strong.

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Toy distributor lowers earning guidance

Toy distributor Funtastic has lowered its earnings guidance and predicts a tough Australian market.

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US stocks rise on earnings, China hopes

Five minutes into trade on Tuesday, the Dow Jones Industrial Average jumped 51.14 (0.33 per cent) to 15,596.69.

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Australian shares hit two-month high

Gain by mining and energy companies have driven the local share market to its highest close in two months.

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Fleet company sacks staff over tax changes

A car fleet company has sacked a quarter of its workforce as a result of the Rudd government's changes to fringe-benefits tax rules.

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