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() -- Australian shares rose on Wednesday as investors reacted to a slowdown in inflation in the US. The S&P/ASX 200 Index rose 0.37%, or 32.60 points, to close at 8,841.10. The US consumer price index fell 0.4% in June, its first decline since the COVID-19 pandemic. Brent crude oil futures were trading around $85 per
() -- (Updates to add stock movement in the fourth paragraph) Rio Tinto Group (ASX:RIO) reported a 7% year-over-year decline in the second-quarter consolidated copper production to 213,000 tonnes, while global iron ore production fell 1% to 87.1 million tonnes, according to a Wednesday Australian bourse filing. The com