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Australia shares dip on weak Wall Street, resources climb SYDNEY/WELLINGTON: Australian shares slipped 0.1 percent on Tuesday, following a weaker lead from Wall Street that dampened local sentiment, though mining stocks climbed after battered iron ore prices jumped overnight, paring further losses. Spot iron ore posted its biggest one-day rise since March overnight as firmer spot steel prices in China spurred a rebound from recent 5-year lows, although the recovery is seen as fragile amid growing signs of weakness in the economy. The resources sector accounted for most of the gains in early trade, with global miners BHP Billiton Ltd and Rio Tinto Ltd adding 0.6 percent and 0.8 percent each. World no.4 iron ore miner Fortescue Metals Group Ltd jumped 2.5 percent.The S&P/ASX 200 index slipped 3.8 points to 5,469.7 by 0214 GMT. The benchmark suffered its biggest loss in five weeks on Monday, slumping 1 percent."As global bond markets show early signs of adjustment to an emerging ...

Australia shares post biggest loss in 5 weeks on China worries SYDNEY: Sydney shares suffered their biggest loss in five weeks on Monday, as investors were rattled by weak economic data from China - Australia's largest export market. The S&P/ASX 200 index slumped 1.0 percent, or 57.64 points, to 5,473.5 points at the close of trade, its biggest one-day percentage loss since August 8. The benchmark fell 0.3 percent on Friday and lost 1.2 percent for the week, its biggest weekly drop in five weeks. New ...
Australia shares lose ground on China data, miners recover modestly SYDNEY/WELLINGTON: Australian shares dipped 0.7 percent on Monday led by a confluence of negative factors including weak economic data from China and investor concerns that the US Federal Reserve may raise interest rates sooner than expected. China, Australia's largest export market, posted the weakest pace of expansion in factory output in nearly six years over the weekend while growth in other key sectors also cooled, raising fears it may be at risk of a sharp ...
Australia shares dip on miners, Myer, but US exposed stocks buoyant SYDNEY: Australian shares shed 0.51 percent on Thursday with miners slipping after iron ore prices continued to decline, while investors dumped retailer Myer Holdings Ltd after a disappointing earnings report. Elsewhere, startlingly strong Australian jobs data helped the Aussie currency bounce, though it was still hovering near five-month lows, which helped stocks with large revenues in US dollars buoy the market. The S&P/ASX 200 index fell 28.18 points to 5,546.1 at the close of trade, ...
Australia shares dragged lower by iron ore, retailer Myer slumps SYDNEY/WELLINGTON: Australian shares reversed early gains to slip 0.2 percent on Thursday as weakness among miners, while investors dumped retailer Myer Holdings Ltd after a disappointing earnings report. But, with the Aussie dollar weakening, stocks in companies who receive a large portion of their revenues in US dollars helped shore up the market. Myer dropped 8.5 pecent to trade at six-week lows after the department store operator posted a 22.6 percent fall in annual profit. ...
Australia shares post biggest 1-day loss in a month, consumer confidence slumps SYDNEY: Australian shares had their worst day in a month on Wednesday as most sectors fell after Wall Street declined on fears of earlier-than-expected Fed rate hikes, plus a measure of Australian consumer confidence slumped. The S&P/ASX 200 index tumbled 0.6 percent, its biggest loss since Aug. 8. It lost 33.6 points to 5,574.3 at the close of trade. The benchmark rose 0.5 percent on Tuesday. New Zealand's benchmark NZX 50 index slipped 0.1 percent, ...
Australia shares dip to 3-1/2 week lows, consumer sentiment data drags SYDNEY/WELLINGTON: Australian shares lost 0.7 percent on Wednesday as most sectors sold off after Wall Street lost ground overnight on fears of earlier than expected Fed rate hikes, and a measure of Australian consumer confidence slumped. The Westpac-Melbourne Institute consumer sentiment index suffered a sharp reversal showing a drop of 4.6 percent in September, from August when it jumped 3.8 percent, as households became more concerned about the outlook for the economy and employment. Among ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln