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The Dow Jones Industrial Average rose tantalisingly close to an all-time high on Thursday but failed to top the five-year-old mark and ended up in the red after a late-session sell-off.
Growth at the tail end of 2012 might not have been as upbeat as expected, but new data suggests the economy will continue to be underpinned by mining investment for a while yet.
While Tropical Cyclone Rusty continues to weaken, communities inland from the east Pilbara region are now in its firing line as the storm continues creeping south.
Strong reports on the US housing market and durable goods orders propelled stocks higher on Wednesday, with the much-watched Dow index reaching its highest level in more than five years.
Australian shoppers may be ready to start splashing their cash again as solid savings rates and low inflation lifts consumer confidence, Westfield boss Peter Lowy says.
A Perth court has confirmed Wright Prospecting's full control over the large Rhodes Ridge iron ore project in the Pilbara after a challenge by Gina Rinehart's Hancock Prospecting.
Global credit rating agency Standard & Poor's expects Australian economic growth will remain close to trend in coming years, as public debt peaks at a low level.
Prime Minister Julia Gillard believes the Australian dollar will stay high for some time but says this shouldn't stop the nation from having a viable manufacturing sector.