12082016Thu
Last update: Thu, 08 Dec 2016 05am

Australia

Markets - Energy - Australia

Australia shares extend winning streak as banks rally SYDNEY: Australia's share market rose for an eleventh straight session on Thursday to reach a fresh seven-year closing high as three of the big four local banks scaled record peaks.The S&P/ASX 200 index ended up 0.6 percent at 5,811.0, having earlier touched 5,819.1 - a high not seen since May 2008. The index has risen 9.5 percent in 11 sessions, a feat not seen in over five years.A late rally in bank stocks helped offset losses in the energy sector, which fell on a renewed slide in oil prices.Commonwealth Bank reached A$93.29, while Westpac Bank hit A$36.54. ANZ retested its all-time high of $35.07 first reached nearly a year ago.National Australia Bank, which reported a 6 percent gain in first-quarter cash profit, climbed to a 15-month high of A$37.03. However, it was still some way off its record peak of $44.84 set back in 2007.New Zealand's benchmark NZX 50 index ...

Markets - Energy - Australia

Australia regulator says reviewing Origin proposal to buy BP gas terminal SYDNEY: Australia's antitrust regulator said on Monday it was reviewing a proposal by top energy retailer Origin Energy to buy out BP Plc's stake in the Bulwer Island gas terminal they jointly own in Brisbane.In a statement on its website, the Australian Competition and Consumer Commission said it would rule on the proposal on March 19. Origin, which already has a 50 percent stake in the Bulwer Island facility, declined comment.Origin has been expanding into ...

Markets - Energy - Australia

Australia's North West Shelf LNG launches 5-cargo tender MILAN: Australia's North West Shelf liquefied natural gas (LNG) export plant on Monday launched a tender to sell at least five cargoes from April, a source with direct knowledge of the matter said.The 16.3 million tonne per year capacity plant expects to sell the supply in two tranches with final bids for the cargoes due by Jan. 26, the source said.The unexpected tender signals a delay of around three months to reforms of how NWS ...