Australian Market Report of December 1: Focus Shifted to Domestic News

  Sydney, Australia, Dec 1, 2009 - (ABN Newswire) - US stocks closed higher overnight as Dubai World said it was in discussions with banks to restructure US & #36;26 billion in debt and the talks were proceeding on a constructive basis. Global markets strongly rebounded yesterday as investors realised that Dubai's trouble might be a regional problem.  

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