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Australia shares flat, held back by energy sector SYDNEY/WELLINGTON: Australian shares hovered at one-week highs on Thursday thanks to gains in the major banks, but losses in the energy and mining sectors kept a lid on the overall market. The S&P/ASX 200 index was a mere 0.13 percent higher at 5,403.4 by 0239 GMT, having rallied 1.2 percent in the previous session. The major banks did most of the heavy lifting with National Australia Bank up 1.3 percent at A$32.88. Energy stocks were on the defensive ahead of an OPEC meeting on whether to cut production to stem a slide in oil prices. A Gulf OPEC delegate told Reuters that a consensus not to cut oil output has been reached. "You're seeing a little bit of caution ahead of tonight's OPEC meeting. You don't want to be coming in and seeing your stocks down 2 percent. People are acting first and asking questions later," said Chris Weston, an ...

Australia shares snap losing streak on China rate cut cheer SYDNEY: Australian shares rose by their most in a month as resources companies bounced from multi-year lows on hopes a surprise interest rate cut in China would boost demand and prices for commodities.The S&P/ASX 200 index closed up 1.08 percent or 57.50 points to 5361.8, its biggest percentage gain since Oct. 22 and snapping a five-day losing streak. New Zealand's benchmark NZX 50 index fell 0.44 percent or 24.13 points to finish the session at ...
Australia shares hit 4-week lows, growth woes offset US optimism SYDNEY/WELLINGTON: Australian shares edged down to a four-week low on Friday as underlying worries about a slump in iron ore prices and the demand outlook eclipsed encouraging US economic data. Data showing American factory activity in the mid-Atlantic region grew at its fastest in two decades and home resales jumped to their highest did little to take the edge off global growth worries. "Whilst the US is ticking along, it's not enough, particularly for a ...
Australia shares dragged lower by iron ore, NZ stocks firm SYDNEY/WELLINGTON: Australian shares fell to four-week lows on Wednesday, as falling iron ore prices weighed on the resources sector while energy and basic materials also declined. The S&P/ASX 200 index eased 0.1 percent or 10 points to 5,389.7 by 01:31 GMT, following three sessions of decline.Miners continued to spiral downwards as prices of iron ore, Australia's largest export earner, dropped to five-year lows. Shares of Fortescue Metals Group slipped 4.7 percent, having fallen as far ...
Australia shares hit 3 week lows, iron ore miners slump SYDNEY: Australian shares ended at their lowest in over three weeks on Tuesday with further declines in iron ore prices taking a heavy toll on some miners. The S&P/ASX 200 index slipped 0.2 percent, or 12.8 points, to 5,399.7, extending Monday's 0.8 percent fall. Junior iron ore miner BC Iron led the losers, slumping 10.3 percent to A$0.655. Fortescue Metal Group skidded 6.6 percent to A$2.97. Benchmark iron ore spot prices plumbed their lowest since ...
Australia shares skid to 3 week lows, miners pinned down by growth woes SYDNEY/WELLINGTON: Australian shares slipped to a three-week lows on Tuesday with some mining stocks pressured by further weakness in iron ore prices on persistent worries about global growth. The S&P/ASX 200 index edged down 0.1 percent, or 7.6 points, to 5,404.9 by 0225 GMT, having earlier dipped below 5,400.0 for the first time since Oct. 24. The benchmark index slid 0.8 percent on Monday after data showed Japan unexpectedly fell into a recession. Iron ore ...
Australia shares fall to 3-1/2 week low, Japan's recession weigh SYDNEY: Australian shares fell to 3-1/2-week lows on Monday as investors took profits on finance and health stocks with sentiment also partially hit by unexpected news that Japan's economy had slipped into recession.The S&P/ASX 200 index .AXJO dropped 0.77 percent or 41.84 points to 5,412.5, its lowest close since Oct. 24.New Zealand's benchmark NZX 50 index added 0.1 percent or 6.23 points to finish the session at 5490.23.Copyright Reuters, 2014 ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln