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Aussie stocks close lower as market fears a fall off the fiscal cliff

The Australian share market has been hit by negative global headwinds to close the week lower

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MacMahon receives first strike on pay

MacMahon Holdings has received its first strike on executive pay as shareholders lash the company over its earnings downgrade and forecast of a first-half loss.

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Lynas seeks $200m for rare earths plant

Rare earths miner Lynas Corporation has moved to take advantage of this week's legal win in Malaysia by raising $200 million to develop its processing plant.

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Power price rises boost SP AusNet profit

Power supplier SP AusNet has posted a 16 per cent rise in its first half profit due to electricity and gas price rises.

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Further rate cuts less likely as RBA tips price increases

Economists say higher inflation means the Reserve Bank of Australia may have less room to cut interest rates.

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NAB class action settled for $115m

The NAB is the biggest Australian company to pay a class action settlement totalling more than $100 million, says law firm Maurice Blackburn.

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