Thursday, 14 February 2013 11:22
Posted by Parvez Jabri
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 ...