Asian Shares Rise on Strong US Earnings
Strong corporate earnings in the U.S. helped push Asian stocks higher Thursday while the Australian dollar reached an 11-week high against the greenback in overnight trading.
Australian Business Confidence Lower Despite Rate Cuts -NAB
Australian business confidence weakened through the second quarter despite big interest rate cuts, with the ongoing sovereign debt crisis in Europe and fears linked to the introduction of new taxes outweighing the positives, National Australia Bank Ltd. said Thursday.
BHP Languishes As Commodity Prices Fall
Solid yearly production figures weren't enough to halt a further sell-down Wednesday in BHP Billiton Ltd. (BHP) shares to their lowest point in more than three years, as investors continue to worry about falling commodity prices.
Santos 2Q Revenue Up On New Projects, Higher Gas Prices
Australian oil producer Santos Ltd. (STO.AU) said Thursday second-quarter revenue rose 18% on year after it switched on new projects in Western Australia state and Indonesia and received higher prices for its natural gas.
Australia Stocks Surge; Energy Among Top Gainers
Australian stocks rallied in early Thursday action, carrying on gains from Wall Street and reacting to some positive news in the energy sector, with the benchmark S&P/ASX 200 up 1.2% at 4,173.70.