There was a resources driven rally on the Australian share market to end to the week. That’s because iron ore prices have now recovered around 15% in the past fortnight. And crude oil prices are at their highest level this year. So the Australian share market was led higher by mining and energy stocks. The All Ords added 1.5% as did the ASX 200 index. Shares in oil and gas producer LNG jumped 15%. Fortescue added 6% and the market heavy weights BHP Billiton, Santos and Rio Tinto gained 2.5% each. Across Asia, the Nikkei in Japan is snapping its three-day winning streak1. Markets in China are also retreating. And the Australian dollar is currently buying 77.76 US cents.
Energy Company MetgasCo has won the quarter battle to have a suspension of its gas drilling project in northern New South Wales overturned. The
Supreme2 Court ruled the state government acted outside its powers in suspending Metgasco’s
license3 to drill for gas at its Rosella site near Lismore. Metgasco license was
initially4 suspended after
opposition5 from the local community. Its shares jumped nearly 47% on the news.
Germany’s biggest bank Deutsche Bank is the latest global financial giant to be fined for rigging a key interest rate known as the Libor. The record 2.5 billion US dollar fine from US and British regulators is less than the Deutsche Bank makes in a year.
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收听单词发音
1
streak
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n.条理,斑纹,倾向,少许,痕迹;v.加条纹,变成条纹,奔驰,快速移动 |
参考例句: |
- The Indians used to streak their faces with paint.印第安人过去常用颜料在脸上涂条纹。
- Why did you streak the tree?你为什么在树上刻条纹?
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2
supreme
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adj.极度的,最重要的;至高的,最高的 |
参考例句: |
- It was the supreme moment in his life.那是他一生中最重要的时刻。
- He handed up the indictment to the supreme court.他把起诉书送交最高法院。
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3
license
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n.执照,许可证,特许;v.许可,特许 |
参考例句: |
- The foreign guest has a license on the person.这个外国客人随身携带执照。
- The driver was arrested for having false license plates on his car.司机由于使用假车牌而被捕。
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4
initially
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adv.最初,开始 |
参考例句: |
- The ban was initially opposed by the US.这一禁令首先遭到美国的反对。
- Feathers initially developed from insect scales.羽毛最初由昆虫的翅瓣演化而来。
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5
opposition
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n.反对,敌对 |
参考例句: |
- The party leader is facing opposition in his own backyard.该党领袖在自己的党內遇到了反对。
- The police tried to break down the prisoner's opposition.警察设法制住了那个囚犯的反抗。
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