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Australia shares slip on Wall St, Japan FTA, miners help contain losses SYDNEY: Australian stocks slipped 0.3 percent on Tuesday morning after another weak session on Wall Street, though broader market losses were contained by firmer metals prices and gains in stocks set to benefit from Canberra's free trade deal with Japan.Banks dragged on the market, with Commonwealth Bank of Australia shedding 0.3 percent and National Australia Bank Ltd declining 0.5 percent.The higher metals prices propped up BHP Billiton Ltd , which climbed 0.3 percent, and Fortescue Metals Group rose 0.8 percent.Blue-chip Rio Tinto Ltd also recovered from earlier losses and was up 0.1 percent after the miner lost a legal fight to expand its Warkworth coal mine in Australia on Monday. Rio says the coal mine was necessary to maintain viability as coal markets weaken.The S&P/ASX 200 index fell 13.9 points to 5,399.8 by 0149 GMT. The benchmark fell 0.2 percent on Monday.A free trade agreement (FTA) between Australia and Japan ...

Australia shares slip on Wall Street; Wesfarmers, gold cap falls SYDNEY: Australian shares fell 0.2 percent on Monday, after a disappointing performance on Wall Street despite solid US jobs numbers on Friday, though the gold sector and Wesfarmers helped buoy the market from session lows. The S&P/ASX 200 index slipped 9.1 points to 5,413.7 at the close of trade, after hitting an intraday low of 5,391.3. The benchmark tacked on 0.2 percent on Friday, and 1 percent for the week, its third consecutive week of ...
Australia shares slip on Wall St, Wesfarmers up on deal to sell broker unit SYDNEY: Australian shares fell 0.2 percent on Monday morning after a disappointing performance on Wall Street despite solid US jobs numbers on Friday, though Wesfarmers rose after the company said it was selling its insurance businesses. Heavy eight banking stocks, which have had a stellar run in recent months, weighed on the broader market as investors took some money off the table. The 'Big Four' banks lost ground, with Westpac Banking Corp off 0.5 percent ...
Australia shares slip, recover from session lows on China PMI SYDNEY: Australian shares slipped 0.1 percent on Tuesday, after resources recovered on the back of a slight uptick in China's factory activity survey, while the Reserve Bank of Australia kept rates on hold as widely expected. Activity in China's factory sector edged up slightly in March, a government survey showed, though the figure is unlikely to dispel concerns that the world's second-largest economy is facing a slow first quarter. Australia's central bank kept its main ...
Australia shares close higher, up 0.8pc for quarter SYDNEY: Australian shares rose 0.5 percent on Monday supported by data showing a rise in credit, and market expectations of stimulus steps in China, the country's largest export market. The S&P/ASX 200 index added 27.9 points to 5,394.8 at the close of trade. The benchmark added 0.3 percent on Friday, and is up 0.8 percent for the first quarter of 2014. New Zealand's benchmark NZX 50 index slipped 0.1 percent or 2.9 points to finish ...
Australia shares up as investors seek bargains, China PMI survey caps gains SYDNEY: Australian shares reversed early losses to rise 0.2 percent on Monday as investors piled into cheaper banks and resource stocks, though gains were capped as a manufacturing PMI survey for China showed reduced activity for March.Activity in China's factories shrank again in March as output and new orders both weakened, a preliminary private survey showed. The flash Markit/HSBC Purchasing Managers' Index fell to an eight-month low of 48.1 in March from February's final reading ...
Australia shares slide as Yellen spooks investors; Myer hit by soft guidance SYDNEY: Australian shares fell 0.9 percent on Thursday morning after Federal Reserve Chair Janet Yellen rattled investors by suggesting that interest rate hikes may come sooner than previously thought. Yellen's comments jolted US bond and stock prices lower, with Australian equities falling in sympathy as traders recalibrated the timeline for the Fed's policy tightening. The Fed will probably end its massive bond-buying program this fall, and could start raising interest rates earlier than expected, Yellen ...


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