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US new home sales up 2.3 per cent in April

The Commerce Department said on Thursday new-home sales rose to a seasonally adjusted annual rate of 454,000 in April, up 2.3 per cent from March.

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Tokyo stocks tumble in afternoon trade

Japanese shares have tumbled more than 3 per cent in volatile afternoon trade before gaining some ground, but are still in the red.

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Echo sale packed with Crown confidence

Crown boss James Packer has dumped his defensive stake in rival Echo in a move seen as signalling his confidence in building his dream Sydney casino.

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US stocks end slightly lower

The Dow Jones Industrial Average has fallen 12.67 to 15,294.50 and the Dow rallied after opening sharply lower.

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Australian stocks lower as $32b wiped off market

The Australian stock market suffered its biggest one-day fall in two months amid broad-based selling.

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Holden, Toyota commit to Australia for now

The last two car makers standing in Australia: Holden and Toyota, have reaffirmed their commitment to the country, for now.

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