Australian shares ended lower for a second session on Friday, as losses in financials offset gains in mining stocks, while a rise in infections in the country's coronavirus hotspot Victoria dashed hopes of a swifter recovery.
* NZ benchmark falls for a third straight week
(Updates to close)
Aug 28 Australian shares declined on Friday,
weighed down by gold and technology stocks, as a steady rise in
COVID-19 cases in the state of Victoria and an impasse over the
coronavirus stimulus bill in the U.S. unnerved investors.
Aug 27 Australian shares rose on Thursday,
tracking Wall Street's record-setting rally overnight, as
sentiment was lifted by a fall in new COVID-19 cases in the
country's virus hot spot state.
Aug 26 Australian shares fell 1% on Wednesday in
a broad-based sell-off as the state at the centre of a second
wave of coronavirus cases in the country recorded its second
deadliest day of the pandemic.
MELBOURNE/BENGALURU Oil Search Ltd aims to start producing oil in Alaska in 2025 and expand Papua New Guinea (PNG) gas exports from 2027, after slashing costs to weather weaker oil prices in the wake of the coronavirus outbreak, its chief executive said on Tuesday.
* New LNG demand window seen opening in 2027
(Recasts with CEO comments)
Aug 25 Australian shares rose for a second
straight session on Tuesday, with financials and tech stocks
leading gains as investors cheered potential medical advances to
combat the coronavirus pandemic even as local daily cases crept
Aug 24 Australian shares were little changed on
Monday, as a drop in fresh coronavirus infections in the state
of Victoria and a boost from technology stocks offset early
losses in energy and healthcare.
BENGALURU/MELBOURNE Australia's No. 2 independent gas producer Santos Ltd paid out a weaker than expected half-year dividend amid uncertainty over a recovery from the coronavirus pandemic, as the oil market slump halved its first-half underlying profit.