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Australia shares extend rally in thin trade, energy & mining firms lead SYDNEY/WELLINGTON: Australian shares built on last week's rally, climbing 1.2 percent on Monday in a holiday-shortened week, led by gains in energy and mining companies after oil surged on Friday. Activity was likely to be thin this week, with many investors away for Christmas and the run-up to New Year's holiday. By 0149 GMT, the S&P/ASX 200 index was up 62.95 points to 5,401.6 in light trade. The benchmark advanced 2.5 percent on Friday, the biggest one-day gain since July 2013. Monday's gains also helped the index erase this year's losses. It is now up 0.83 percent year-to-date."We're seeing a positive lead coming from Wall Street, bounce in oil prices and energy stocks," said Leanne Jones, market analyst at Bell Direct. On Wall Street on Friday, US shares rose after the Federal Reserve said it would be "patient" on raising benchmark US interest rates, giving rattled markets much needed relief ...

Australia's Woodside invests in LNG projects, delays Browse decision SYDNEY: Shares in Woodside Petroleum jumped on Wednesday following the Australian energy producer's decision to pay US$2.75 billion to acquire stakes in liquefied natural gas projects from US firm Apache.The deal came as Woodside delayed a decision Tuesday to invest in the Browse gas-export project off Western Australia to take advantage of lower costs for the multi-billion-dollar venture.The oil and gas giant closed 3.02 percent higher to Aus$35.50 (US$28.93) on Wednesday. It fell 2.6 percent ...
Australia shares seen opening down for 5th session on oil, budget woes SYDNEY: Australian shares are likely to fall for a fifth straight session on Monday as investors mull a plunging oil price, Chinese economic slowing, and what is expected to be a wider than expected forecast domestic budget deficit.In a mid-year review, Australian Treasurer Joe Hockey is expected to reveal that the budget deficit for the year to June 30, 2015 will blow out by about A$5 billion ($4.2 billion) to nearly A$35 billion.Hockey is expected ...
Australia shares post biggest drop in a week; energy, resources slump SYDNEY: Australian shares dropped 1.7 percent on Tuesday on a broad-based sell-off as renewed concerns about global growth, sinking oil prices and declining business confidence at home kept buyers at bay. The S&P/ASX 200 index fell 90 points, the biggest drop in a week, to 5,321.8 at the close of trade. On Monday, the index rose 0.7 percent. Energy stocks Sundance, Santos and Drillsearch took a beating as oil slumped to near 5-year lows while ...
Oil reaches new depths, rush to safety rescues yen SYDNEY: Oil prices skidded to fresh five-year lows on Tuesday, pressuring commodity-linked currencies and most Asian shares as a bout of risk aversion rippled through world markets. The urge for safety gave a rare boost to the Japanese yen which notched up particularly large gains on the beleaguered Australian and New Zealand dollars. Much of the action was in oil where a glut of supply has seen prices fall for almost six months now, so ...
Australia shares shake off weak Wall St, end higher on oil, gold gains SYDNEY: Australian shares shook off a weak lead from Wall Street and recovered some of their recent losses on Tuesday, as rebounding oil and metals prices drove a relief rally in resources firms. The S&P/ASX 200 index added 1.4 percent or 73.58 points to 5281.3, clawing back some of the 3.6 percent it lost in the previous two sessions. New Zealand's benchmark NZX 50 index ended flat, rising 0.4 points to finish the session at ...
Papua New Guinea PM revises GDP growth to 8.4pc this year as gas revenues flow SYDNEY: Papua New Guinea is on track to show revised economic growth in excess of 8.4 percent this year, beating its own forecast of 5 percent, Prime Minister Peter O'Neill said.O'Neill also forecast a further rise in gross domestic product (GDP) growth to at least 15 percent in 2015, citing an improving business climate helped by the start up a $19 billion liquefied natural gas project by ExxonMobil Corp."We are conservatively predicting 15 percent next ...


Index Closing Chg%
Arrow DJIA 17,719.92 0.44
Arrow Nasdaq 5,108.67 0.37
Arrow S&P 2,080.41 0.46
Arrow FTSE 6,356.09 0.30
Arrow DAX 11,382.23 0.78
Arrow CAC-40 4,957.60 0.56
Arrow Nikkei 19,747.47 0.69
Arrow H.Seng 21,996.42 0.33
Arrow Sensex 26,145.67 0.07

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 30, 2015
Reserves $19.828 bln