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Australia shares rise near 17-month high led by resource sector

australia-stock-exchange copyCANBERRA: Australian shares neared a 17-month high on Wednesday, as the resource sector rose on higher commodities prices.

 

Top miner BHP Billiton Ltd climbed almost 1 percent after it said it would sell its interest in the Browse liquefied natural gas project to PetroChina International Investment (Australia) Pty Ltd for $1.63 billion.

 

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