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Banks, commodity stocks drag Australian shares down; RBA stands pat on rates

Banks, commodity stocks drag Australian shares down; RBA stands pat on rates
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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Australian shares end higher ahead of key rate decision; Liontown jumps

Australian shares rose on Monday
ahead of a likely pause in interest rate hikes by the country s
central bank, while lithium miner Liontown Resources jumped to
top the benchmark index after its board. ....

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Asian currencies shaky, stocks rally on Fed rate pause bets | Hellenic Shipping News Worldwide

Asian currencies shaky, stocks rally on Fed rate pause bets | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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Fortescue profit drops on Iron Bridge impairment charge; co-CEO to step down

(Reuters) -Australia's Fortescue on Monday reported a $1 billion pre-tax impairment charge associated with its flagship magnetite growth project, while posting its lowest annual profit in three years amid a surprise senior-management overhaul. The world's fourth-largest iron ore miner, which has been beset by senior management turnover over the past two years, earlier in the day announced the resignation of its metals division head and co-CEO Fiona Hick. Fortescue shares, up nearly 2.1% so far this year, fell as much as 6% to A$19.7 by 0200 GMT. ....

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