Australia shares recover as Fed chief's comments bolster sentiment

Wed Feb 27, 2013 12:22am EST

(Updates to close)
    SYDNEY, Feb 27 (Reuters) - Australian shares recovered 0.7
percent on Wednesday, tracking a rebound on Wall Street, after
the Federal Reserve Chairman Ben Bernanke defended the central
bank's bond-buying programme. 
    The S&P/ASX 200 index was 33 points higher according
to the latest data. The benchmark lost 1 percent on Tuesday.
    New Zealand's benchmark NZX 50 index closed the
session 0.9 percent or 37.4 points higher to 4,276.3.

 (Reporting by Thuy Ong; Editing by Sanjeev Miglani)

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.