Rear Window

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    Well, that's it boys and girls. Another year draws to a close, this one gloomier and more uncertain than any in living memory.

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    Banking rivalry bar none; Sky is the limit for limited skyline; more.

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    Some friendly banter between bankers

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    Biggles flies again, maybeIs Gareth Evans on the way to New York or home - or both? The man who would like to be remembered as the best United Nations secretary-general who never was is retiring from his job in Brussels, solving all those global problems he might have solved for the UN.

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    Lawyers' line on Telstra dropped call

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    No luck on sale of Quoin Island; A quick tipple with the Turnbulls; more.

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    A marriage made in heaven

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    PM's basic Bahasa mangles the message

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    $25m injection floats Riviera's boats; Allco Equity a loser in name stakes; more.

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    Trujillo wins some, loses some on his US travels; Sandwich filling proving to be tasty; more.

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    Westpac kicks off exec musical chairs

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    Expectation fails where most it promises

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    Macquarie joins the Credit Suisse cull

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    WAN's unmerry-go-round goes to scriptMedia spats seem to have a knack of playing out just as the players predict.

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    Some jump, some pushed at AMP

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    Smiling bankers - now that's a bonus

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    Ex-MFS king forced to list grazing land; Double Pay up in arms against Wizard idea; more.

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    Some BHP execs shaken and stirred

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    Some BHP execs shaken and stirred

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    Former Babcock heavies make cameo appearances

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    Short, sharp inquiry into shorting

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    Time out for hacks

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    Manana may be too late for minerWhile the battle for the future of capitalism was being waged at the APEC leaders summit in the Peruvian capital of Lima, a slightly less intellectual stoush was taking place over the future of mining company Admiralty Resources just across the border in Chile.

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    In a fix, turn to Monash mafia; Banking on TV show; more.

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    Cricket banking on Indian summers

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    Relief as Admiralty fails to sell lithiumThe relief was fairly well muted in internet chat rooms yesterday as Admiralty Resources, a favourite among day traders, emerged from a trading halt to confirm that a contentious deal to sell its Argentinian lithium project had fallen through.

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    Broker's advice a pile of, er, phosphate

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    Hungry for change

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    Admiralty in a spot of navel-gazing; ANZ pokes a hole in banker's credit; more.

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    Uppity investors put Curtis on the spot

AFR Market Wrap

Pepped up

Markets: ASX boosted

Commodities: Oil slips

Resources: Atlas Iron rising

Mumford: Fed must be flexible

Watch out for dead-cat bounce

After recording their largest declines last year, commodities markets are set for further weakness over the first half of 2009, writes Stephen Wyatt.

Mergers slow to snail's pace

Mergers and acquisitions activity is set for a sluggish start to '09 after five years of continuous growth, reports Patrick Durkin.

Banks seek exit plan for guarantee

Banks have urged the federal government to explain its exit strategy for the guarantee on bank deposits, reports Matthew Drummond.

Survivors emerge from the rubble

Last year wasn't pretty for any stockmarket in Asia, but it was especially brutal for Japan's Nikkei 225 Stock Average, reports Katrina Nicholas.

Don't buy into a disastrous trade war

'Buy America' may sound like a pretty innocuous call to arms, but it's one of the scariest lines I've heard in a long time, writes Glenn Mumford.

Anthony Hughes: Downtown

EXCLUSIVE FROM NEW YORK What's more ridiculous? Kudos for bank CEO's forgoing bonuses or outrage over how bail-out money is being spent.