MELBOURNE Oil Search posted a surprise annual core profit on Tuesday as the Papua New Guinea-focused oil and gas producer aggressively cut costs to overcome a coronavirus-induced price slump.
Feb 17 Coles Group on Wednesday warned of a "significant" moderation in supermarket sales going forward as pandemic-fuelled stockpiling is slated to come to an end with the roll out of COVID-19 vaccines, sending shares sharply lower.
Jan 28 Australian shares fell more than 2% on Thursday in their worst session in nearly five months, as investors fled riskier assets following overnight volatility on Wall Street after the U.S. Federal Reserve flagged a potential slowdown in economic recovery.
* Shares hit highest since Feb 2020 (Updates in last paragraph with CPE Capital declining to comment)
* New Zealand GDP grows 14% in Q3, beats expectations (Updates to close)
Dec 16 Australian shares rose the most in more than two weeks on Wednesday, tracking overnight Wall Street gains buoyed by a potential U.S. coronavirus stimulus package.
* Afterpay closes at record level on ASX 20 inclusion (Updates to close)
Australian shares closed higher on Thursday, rebounding from a more than 2% drop in the previous session, boosted by stimulus talks and hopes of further easing in coronavirus restrictions in the country.
Australian shares fell more than 2% on Wednesday, with miners and financials suffering major blows, as investors tracked Wall Street futures lower after the first U.S. presidential debate stoked caution and uncertainty ahead of the election.
MELBOURNE/BENGALURU Australia's Woodside Petroleum has exercised its right to match a $400 million offer by Russia's Lukoil to buy Cairn Energy's entire stake in the Sangomar oil project in Senegal, it said on Monday.
Syria condemned U.S. air strikes against Iran-backed militias in the east of the country on Friday as a cowardly act and urged President Joe Biden not to follow "the law of the jungle".