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The euro also advanced against the Australian dollar, up 0.8 per cent to $US1.49246, near an eight-month high.

Euro nears 8-month high v $A

The euro surged more than 1 per cent v the $US, to its highest level since Donald Trump was elected US president in November.

The Fairfax logo.

Fairfax Media keeping books closed, for now

The American private equity group stalking Fairfax Media has not yet been granted access to the company's books, a move that would show the board is seriously considering a $2.7 billion offer.

Shale drilling has become increasingly profitable since oil prices largely stabilised above $US50 a barrel at the ...

Free market trumps OPEC policy

OPEC's policy manipulation is no match for sheer market forces, say analysts, as US shale producers continue to ramp up production.

Gerry Harvey released 10-month sales figures for his retail network, showing 5.5 per cent total growth in total sales.

Harvey Norman hits back at sour sentiment

Harvey Norman has sought to improve investor confidence by releasing figures showing sales have grown despite signs of subdued spending and moderating house price growth.

Distaste for the banks eased in the early afternoon and appetite for industrials and mining stocks kept the ASX clawing ...

Banks help ASX claw higher

A turnaround in appetite for banking stocks helped the ASX claw into the black on Tuesday, after a midday lull.

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