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Australian stocks rally 1.94pc despite Greece SYDNEY: Australian stocks rallied 1.94 percent Tuesday, shrugging off the crisis in Greece as investors snapped up oversold shares.The benchmark S&P/ASX200 index closed 106.4 points higher at 5,581.4, reclaiming its losses from Monday, ahead of a hastily arranged emergency summit of the 19 eurozone countries in Brussels.Phillip Capital senior client adviser Michael Heffernan said investors were realising Greece's troubles were of little consequence for Australia."With the equanimity from European markets, not just from yesterday but also in the past couple of weeks, people realise that if they're taking it well then why should we go down?" he said. "Europe performed as they should and the American market went on as if it didn't happen."In late trade the Australian dollar was fetching 74.89 US cents and 67.88 euro cents, from 74.87 US cents and 67.77 euro cents at the open.Copyright AFP (Agence France-Presse), 2015 ...

Australian stocks down 1.53pc at open after Greek vote SYDNEY: Australian stocks dropped 1.53 percent at the open Monday after Greece rejected fresh austerity demands by the country's EU-IMF creditors in a landmark referendum.The benchmark S&P/ASX200 index was trading 84.7 points lower at 5,453.6 soon after the start, although weekend moves by China to stabilise its volatile local markets appeared to help stem some of the bleeding.Copyright AFP (Agence France-Presse), 2015 ...
Australia shares end lower on Greece caution, NZ outperforms SYDNEY: Australian shares ended the week with a whimper as investors took some risk off the table ahead of a referendum in Greece that could decide the country's future in the euro zone. The S&P/ASX 200 index fell 1.1 percent on Friday to 5,538.3, finishing the week with a 0.1 percent loss.New Zealand's benchmark NZX 50 index closed a touch lower at 5,840.9, having turned around from a three-week high of 5,872.7. The index was ...
Australia shares turn lower as Greek worries sting SYDNEY: Australian shares ended lower on Thursday, coming off a three-week peak set the previous day as investors turned cautious amid renewed worries about a Greek default.The S&P/ASX 200 index shed 1.0 percent, or 54.1 points, to 5,632.7, recoiling from a three-week high of 5,705.8 set in the previous session. It was market's first negative close this week.New Zealand's benchmark NZX 50 index finished 0.7 percent, or 42.2 points, lower at 5,733.3.Without a deal by ...
Australia shares snap 3-day losing streak to rise 1.2pc SYDNEY/WELLINGTON: Australian shares snapped a three-day losing streak to rise 1.2 percent on Wednesday, led by broad-based gains across sectors as investors cherry-picked stocks at bargains, although they still worried about Greece's potential exit from the eurozone. Analysts said more money moved into equities from bonds after yields dropped on Greece's woes. Investors also awaited the Federal Reserve's latest take on the US economy and interest rates. Australia's benchmark S&P/ASX 200 index rose 61.1 points ...
Australia shares pare losses but Greece fears weigh SYDNEY: Australian shares recovered from early lows to end marginally down on Monday, led by buying interest in banks and industrial stocks, while fears that Greece may leave the eurozone weighed on investors' sentiment.The S&P/ASX 200 index finished 0.1 percent lower at 5,538.8 points, its second straight day of losses, recovering from an intra-day low of 5,492.1. The benchmark fell 0.2 percent on Friday. Australia's resource-dependent economy has been hurt by a crash in commodity ...
Australia shares seen with strong start, NZ stocks open higher  SYDNEY: Australian shares are likely to have a strong start on Friday following Wall Street's record high finish after investors shifted their focus to possible upbeat sales for US multinationals.The local share price index futures rose 0.6 percent to 5,723.0, a 26.5-point premium to the close of the underlying S&P/ASX 200 index on Thursday. The benchmark index eased 0.3 percent in the previous session but was still up 1 percent for the week.New Zealand's benchmark ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 06, 2015
Reserves $18.201 bln