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Australia shares edge higher on miners, AGL falls after carbon repeal SYDNEY: Australian shares rose 0.1 percent on Thursday as Wall Street edged higher and firmer metal prices helped prop up the mining space, though a fall in the country's second-largest power retailer tempered gains. AGL Energy Ltd tumbled 5.5 percent, its largest one-day percentage fall since 2009, after saying the federal government's repeal of the carbon tax will hurt its profit by approximately A$186 million.The S&P/ASX 200 index eased 3.5 points to 5,522.4 points at the close of trade. The benchmark added 0.1 percent on Wednesday. New Zealand's benchmark NZX 50 index closed down 1.9 points at 5,112.4 points, with software company Xero Ltd the biggest drag as it fell 4.7 percent. Copyright Reuters, 2014 ...

Australia shares gain ground in broad rise as resources jump SYDNEY/WELLINGTON: Australian shares added 0.5 percent on Thursday as Wall Street edged higher, while an uptick in metals prices helped support the mining space. US stocks rose on Wednesday with the Dow Jones industrial average closing at a record high, boosted by the latest merger news and some strong corporate earnings. The broader market was propped up by a strong resource sector.Aluminium touched its highest in 16 months, while benchmark 62 percent grade iron ore ...
Asian stocks steady as China GDP growth hits target SYDNEY: Asian stocks held stubbornly steady on Wednesday after China reported economic growth that was just ahead of market expectations, drawing a sigh of relief from investors rather than outright applause. China's economy expanded by 2.0 percent in the second quarter from the previous quarter, taking annual growth to 7.5 percent. Retail sales and industrial output were either in line with forecasts or slightly higher. The data confirmed the Asian giant had stabilised after a ...
Australia shares seen opening flat, shored up by miners MELBOURNE: Australian shares were set to open steady on Wednesday, with gains in the big miners on the back of improving iron ore prices likely to offset any selling sparked by US Federal Reserve Chairman Janet Yellen's concern about overvalued stocks.Local share price index futures rose 0.1 percent to 5,467.0, but that was a 44.3-point discount to the underlying S&P/ASX 200 index. The benchmark ended flat on Tuesday.New Zealand's benchmark NZX 50 index slipped 3.2 ...
Australian shares flat but Chinese GDP, miners buoy sentiment SYDNEY/WELLINGTON: Australian shares traded flat on Wednesday, with gains in big miners on the back of improving iron ore prices and a slight pick-up in Chinese GDP offseting worries sparked by US Federal Reserve Chair Janet Yellen's comments about overvalued stocks. Banks lost ground for a second session, with top bank by market capitalisation Commonwealth Bank of Australia and Westpac Banking Corp, the second biggest, both losing 0.4 percent. Analysts said a government-backed report on ...
Australia shares close flat, miners offset bank falls SYDNEY: Australian shares ended flat on Tuesday as a government report on the financial system dragged on banks to pull the market lower, though a rise in miners and on Wall Street overnight helped temper losses The S&P/ASX 200 index closed flat at 5,511.3 at the close of trade. The benchmark added 0.5 percent on Monday. New Zealand's benchmark NZX 50 index slipped 0.2 percent or 12.5 points to finish the session at 5,115.4. Copyright ...
Banks tug Australian shares lower after financial system report SYDNEY/WELLINGTON: Australian shares reversed early gains to dip 0.1 percent on Tuesday as a financial system report dragged on banks to pull the market lower, offsetting Wall Street's moves higher overnight as the Dow Jones hit an intraday record. Banks floundered as a government-backed review of the Australian financial system said it had performed "reasonably well" in facilitating economic growth, but noted a number of challenges loomed including fiscal pressures, slowing productivity growth and technological ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,825.31 0.08
Arrow DAX 9,479.03 0.09
Arrow CAC-40 4,379.73 0.03
Arrow Nikkei 15,476.60 0.34
Arrow H.Seng 24,752.09 0.04
Arrow Sensex 26,867.55 0.86

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln