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Australian shares up, consolidates at 4.5-year high; Rio at 1-year high MELBOURNE: Australian shares rose 0.7 percent on Thursday to consolidate the market's hold around a four-and-a-half year high, as miners rallied on expectations new Rio Tinto Chief Executive Sam Walsh could impress when the company reveals its full-year earnings later in the day.   Gains in some banking stocks and others, such as Wesfarmers, also boosted the local bourse.   The market has been on a strong run for several months, climbing 8 percent since the start of the year and 16 percent since mid-November, buoyed by a global shift in asset allocation towards equities. Receding euro zone and US debt worries, and strong earnings have underpinned the rally.   Rio Tinto added 2.3 percent to A$72.07, its highest in a year, while iron ore rivals BHP Billiton gained 2.6 percent to A$38.89 and Fortescue Metals gained 4.3 percent ahead of Rio's annual profit result, due at 0600 GMT.   "There is plenty of positioning in Rio Tinto ...

Australia shares rally following Wall St rebound         SYDNEY: Australian shares rose 0.6 percent early on Wednesday after Wall Street rebounded on solid US earnings and data showed the global economy continuing to improve.   The benchmark S&P/ASX 200 index was 27.5 points higher at 4,910.2 as of 2317 GMT. The benchmark index fell 0.5 percent on Tuesday.   New Zealand's market is closed for the Waitangi Day public holiday.   Copyright Reuters, 2013 ...
Australia shares ease, but pares losses as central bank holds cash rate           SYDNEY: Australian shares eased 0.5 percent on Tuesday after discouraging US factory orders hit Wall Street and political ructions in Spain and Italy spurred profit-taking but the Australian central bank's decision to keep interest rates on hold helped to trim losses.   Australia's central bank kept its main cash rate steady at a record-matching low of 3.0 percent on Tuesday, but said a benign inflation outlook meant there was scope to ease policy further if needed.   "The effect ...
Australia shares drop 0.7pc after US data disappoints SYDNEY: Australian shares dropped 0.7 percent on Tuesday after discouraging US factory orders hit Wall Street and political ructions in Spain and Italy spurred more profit-taking after a 6 percent rally so far this year.   The benchmark S&P/ASX 200 index was 36.2 points lower at 4,871.3 as of 2311 GMT. On Monday, the benchmark index hit an intraday high of 4,951 but ended down 13.6 points at 4,907.5.   New Zealand's benchmark NZX 50 index lost 0.6 percent, ...
Australia shares wilt on soft data, technicals           MELBOURNE: Australian shares lost their grip on early gains to end 0.3 percent lower on Monday, pulled down by weaker-than-expected housing data, slow job advertising and technical resistance.   The benchmark S&P/ASX 200 index hit an intraday high of 4,951 but ended down 13.6 points at 4,907.5.   Analysts said the index hit technical resistance after rallying 6 percent this year. It has surged 13.6 percent since the Nov. 19 2012 low as investors look for better returns as ...
A$, NZ$ bounce, near 4-year peaks vs yen SYDNEY/WELLINGTON: The Aussie and kiwi dollars shot up near four-year peaks versus the yen on Tuesday, while bouncing elsewhere as a jump in business confidence in Australia and a surprising trade surplus underpinned both currencies.   The Aussie advanced to $1.0435, from $1.0412 early, having touched one-month lows of $1.0384 on Monday. It gained momentum on the euro with the Aussie up 0.2 percent on the day to A$1.2892, after plumbing its weakest since May at A$1.2958.   It ...
Australia shares up 0.5pc; miners bounce on China PMI MELBOURNE: Australian shares rose 0.5 percent in afternoon trade on Thursday, reversing earlier losses, as a measure of growth in China's factory sector accelerated to a two-year high in January, boosting local miners.   The HSBC flash purchasing managers' index (PMI) rose to 51.9 in January, the highest since January 2011..   The positive read from China, Australia's top export market, helped BHP Billiton recover earlier losses.   The benchmark S&P/ASX 200 index was up 24.7 points at 4,812.5 by 0248 ...

 



 
Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,723.42 0.09
Arrow DAX 9,974.87 0.60
Arrow CAC-40 4,382.34 0.20
Arrow Nikkei 17,248.50 0.78
Arrow H.Seng 24,004.28 0.45
Arrow Sensex 28,438.91 0.19






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln