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  • Business
    Australian Associated Press

    Wall St posts third quarterly loss

    The S&P; 500 has closed the books on its steepest September decline in two decades, skidding across the finish line of a tumultuous quarter fraught with historically hot inflation, rising interest rates and recession fears.All three major indices veered to a sharply lower end on Friday, having quashed a brief rally early in the session.

  • Business
    Australian Associated Press

    Ruling on Telstra-TPG deal due in December

    The competition watchdog has formed the preliminary view Telstra and TPG's spectrum-sharing agreement would improve regional coverage but it isn't ready to approve the deal.The Australian Competition and Consumer Commission said on Friday TPG and Telstra had agreed to give it a second extension to decide on the $1.

  • Business
    Australian Associated Press

    European stocks edge up, markets calmer

    European stocks were a touch higher as government bond yields pulled back from recent peaks, while investors braced for euro zone inflation data later in the session.After a week of market turmoil in which recession fears sapped stocks and currency markets were rocked by dollar strength, Asian shares fell on Friday and were on track for their biggest monthly loss since the start of the pandemic in 2020.