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MELBOURNE: Oil and gas producer Santos Ltd reported a 6 percent rise in underlying profit for 2014, boosted by liquefied natural gas (LNG) sales from Papua New Guinea, but disappointed with its dividend as it looks to save cash amid an oil price slump.Santos, which has a share in Exxon Mobil's PNG LNG project launched last May and said it was on track to start exports from its flagship $18.5 billion project, Gladstone LNG (GLNG), in the second half of this year, has been hard hit by a 50 percent drop in oil prices.Its shares hit a 10-year low in December, while analysts have also raised doubts that the Gladstone project will have enough gas from coal seam gas fields to meet its contracts for 20 years.Santos Chief Executive David Knox said on Friday the company would cut its operating costs by 10 percent in 2015 as well as slashing ...

Australia shares seen opening steady, taking cues from earnings  SYDNEY: Australian shares are set to open cautiously on Friday with weaker oil and nickel prices weighing on resources stocks, while more earnings, including from gas producer Santos and health insurer Medibank, will help set the tone. The local share price index futures rose 0.1 percent to 5,873.0 to sit at a 31.2-point discount to the underlying S&P/ASX 200 index close. The benchmark fell 0.2 percent on Thursday. New Zealand's benchmark NZX 50 index inched ...
Australia's Crown shares up as local recovery eclipses profit fall SYDNEY: Australian casino operator Crown Resorts Ltd's shares jumped to a five-month high on Thursday as its Melbourne casino ended years of stagnant growth, offsetting a slump in its Macau operations as China's anti-graft drive cut into profits.Crown shares were up 8 percent at A$15.58 by 0243 GMT, after reaching as high as A$15.77, their highest intraday level since September. The broader market fell.Net profit for Australia's biggest casino firm came in at A$201.8 million ...
Australia shares slip as ANZ results disappoint, Greece worries persist SYDNEY: Australian shares declined on Tuesday after one of the country's big banks disappointed investors with its earnings result, cooling a red-hot sector that helped drive the market to multi-year highs recently.Worries that Greece has yet to secure a new debt agreement with its European lenders also hurt sentiment. The S&P/ASX 200 index closed 0.5 percent lower at 5,858.2, turning around from a seven-year closing high of 5,888.7.Shares in Australia and New Zealand Banking Group ...
Euro down on Greece fears, equities mixed ahead of break HONG KONG: The euro weakened Tuesday after the showdown debt talks between Greece and its creditors collapsed, raising the prospect the country will be dumped out of the eurozone.However, many equity markets were unfazed by the trouble in Europe as trade begins to wind down in several Asian bourses ahead of the Lunar New Year holiday at the end of the week.Tokyo fell 0.24 percent by lunch and Sydney shed 0.40 percent but Hong Kong ...
Australia shares close near 7-yr peak, NZ stocks dip SYDNEY: Australian shares edged up near seven-year highs on Monday, buoyed by gains in energy and mining sectors, though New Zealand shares went down on weakness in financials and utilities.The S&P/ASX 200 index rose 11.2 points, or 0.2 percent, at 5,888.7, a whisker away from Friday's 7-year peak of 5,893.5.New Zealand's benchmark NZX 50 index eased 0.5 percent or 28.2 points to finish the session at 5,758.24.Copyright Reuters, 2015 ...
Australia shares fall on China data, end 12day winning streak SYDNEY: Australian shares pared early losses on Monday but closed lower to end a 12-session winning streak, weighed by resources stocks following surprisingly weak trade data in China.Financials turned around in late trading when bargain hunters emerged, while gains in healthcare and energy shares also helped.The S&P/ASX 200 index fell to 5,814.9 points at the close of trade.The benchmark ended 0.1 percent higher on Friday to its highest in nearly seven years.The index gained 9.6 ...


Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln