Sameer Manekar

Oil Search focuses on Alaska stake sale after eking out profit for 2020

Feb 23 2021

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.

UPDATE 2-Australia's Coles points to probable end of stockpiling, shares tumble

Feb 16 2021

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.

Australia shares set for worst day in nearly 5 months on recovery concerns

Jan 27 2021

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.

UPDATE 3-Australia's Bingo Industries gets $1.8 bln buyout offer, shares soar

Jan 18 2021

* Shares hit highest since Feb 2020 (Updates in last paragraph with CPE Capital declining to comment)

Australia shares hit near 10-month closing high on faster recovery projection

Dec 17 2020

* New Zealand GDP grows 14% in Q3, beats expectations (Updates to close)

Australian shares jump most in over two weeks on U.S. stimulus hopes

Dec 16 2020

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.

Financials lift Australian shares on hopes of vaccine-led recovery

Dec 14 2020

* Afterpay closes at record level on ASX 20 inclusion (Updates to close)

Australian shares end higher on stimulus, hopes of easing curbs

Oct 01 2020

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.

Australia shares slump as Trump-Biden debate stokes caution

Sep 30 2020

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.

Australia's Woodside matches Russia's Lukoil offer for Senegal oil project

Aug 17 2020

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.

World News