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Australia shares reverse early gains, caution ahead of election SYDNEY: Australian shares reversed early gains to fall 0.4 percent on Friday with investors cautious ahead of national elections on Saturday, but a rise on Wall Street helped curb losses.Miners lost ground after copper prices slipped and gold sank to almost 2 percent to two-week lows. BHP Billiton Ltd fell 0.7 percent while Rio Tinto Ltd lost 0.6 percent. Gold miner Newcrest Mining Ltd dropped 3 percent.The S&P/ASX 200 index fell 19 points to 5,123.5 by 0141 GMT, slipping further away from the 3-1/2 month highs hit earlier this week. The benchmark fell 0.4 percent on Thursday.Elsewhere, defensive stocks fell, with telecommunications provider Telstra Corporation Ltd slipping 0.5 percent while blood products maker CSL Ltd lost 1 percent.Banks were slightly lower; Westpac Banking Corp and Australia and New Zealand Banking Group both dipped 0.5 percent."I think it's probably a bit to do with seeing banks as a funding tool, and ...

Australia shares slip on looming election, trade deficit SYDNEY: Australian shares fell 0.4 percent on Thursday, as investors locked-in profits in banks and miners ahead of Saturday's national elections, while surprisingly large trade deficit further dampened sentiment.Australia posted a trade deficit of A$765 million in July, compared with an expected balanced position. Investors were cautious ahead of the US nonfarm payrolls on Friday, which could provide an important clue on whether the Federal Reserve will start to reduce its stimulus this month.The S&P/ASX ...
Australia shares close lower on Syria, gold sector pares losses SYDNEY: Australian shares fell 0.7 percent on Wednesday, retreating from 3-1/2 month highs, as the United States edged closer to military action against Syria, but a rally in gold prices helped temper losses.The S&P/ASX 200 index lost 35 points to finish at 5,161.6.The benchmark rose 0.2 percent on Tuesday to its highest close since May 20.New Zealand's benchmark NZX 50 index rose 0.1 percent or 3.6 points to finish the session at 4,610.3. Copyright Reuters, ...
Australia shares rise on robust building approvals, China data SYDNEY: Australian shares rose 0.7 percent on Monday as better-than-expected manufacturing data from China, Australia's largest export market, and a rise in local building approvals boosted investor sentiment.Financial heavyweights underpinned the market with top lender National Australia Bank adding 1.3 percent and Westpac Banking Corporation jumping 1.5 percent, continuing their bull-run on the back of attractive dividend yields and record earnings.Growth in China's manufacturing sector picked up further in August, official purchasing managers' index (PMI) ...
Australia shares edge higher, gold miners and banks support SYDNEY: Australian shares rose 0.2 percent on Monday, with financials and gold miners supporting the market on the back of gains in regional bourses and higher commodities prices.The S&P/ASX 200 index rose 12 points to 5,135.4. The benchmark advanced 1 percent on Friday. New Zealand's benchmark NZX 50 index added 0.5 percent or 21.5 points to finish the session at 4,545.7. Copyright Reuters, 2013 ...
Australia shares up 0.4pc, BHP slide offset by financials SYDNEY: Australian shares closed 0.4 percent higher on Wednesday as a rebound in the banking sector offset a mixed bag of earnings that kept buyers in check, with top miner BHP Billiton Ltd sliding after its profits undershot forecasts.Investors were also awaiting the release of the US Federal Reserve's minutes of its July meeting as they look for clues on when Fed plans to trim its massive stimulus.The S&P/ASX 200 index added 21.8 points to ...
Australia shares flat, BHP slides after missing profit forecasts SYDNEY: Australian shares edged 0.1 percent higher on Wednesday morning, as a mixed bag of earnings kept buyers in check with top miner BHP Billiton Ltd sliding after its profits undershot forecasts, though a rebound in the banking sector helped support the market.Investors were also cautious ahead of the release of the US Federal Reserve's minutes of its July meeting as they look for clues on when Fed plans to trim its massive stimulus.BHP dropped ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln