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US stocks end week with 'Santa rally'

US stocks went from famine to feast this week, starting out fearful of crashing oil prices and finishing it with a "Santa Claus rally".

$A falls as US dollar strengthens

The Australian dollar is lower amid expectations that the US Federal Reserve will increase its interest rate sooner that most people are expecting.

Gold rises on US interest-rate hopes

Gold prices rose Friday, buoyed by comments from the Federal Reserve earlier in the week that suggested the central bank is in no hurry to raise US interest rates from rock-bottom levels.

Stormclouds ahead for Incitec Pivot

Incitec Pivot has warned shareholders of a challenging future, as it deals with a weak cycle for the mining sector and a looming jump in manufacturing costs.

Quickflix asks customers for money

Quickflix is going cap in hand to its customers for money after shareholders snubbed the online streaming service's latest capital raising.

Shares close 127.8pts higher

A "Santa Claus rally" has driven the share market to its strongest session in almost 18 months.

Assistant Treasurer Sinodinos resigns

Assistant Treasurer Arthur Sinodinos has resigned from the ministry today, and the decision is expected to trigger a ministerial reshuffle.

Telstra secures $390m NBN contract

Telstra has secured a contract to provide planning and design for the National Broadband Network worth up to $390 million.

Santos secures $1bn for a rainy day

Energy giant Santos has secured $1 billion in new debt ahead of a potential balance sheet shake up in the new year.

Shares open 69.5pts higher

The Australian stockmarket has opened sharply higher, following a rally on Wall Street.

$A bounces after hitting to 4.5 year low

The Australian dollar has followed metal prices and Wall Street higher, bouncing from the record lows it reached after the US Federal Reserve meeting.

Dow jumps more than 400 points

US stocks have surged for the second day in a row following Wednesday's Federal Reserve meeting as investors brushed aside concerns over another drop in oil prices.



Rio Tinto$26.71bn
BHP Billiton Iron Ore$24.30bn
North West Shelf Venture$19.62bn
Fortescue Metals Group$12.48bn
Woodside Petroleum$6.09bn
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