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The Australia sharemarket has lost statement at the end of this week,but still manage to ending the black for the fourth strained session.That's despite the banks losing ground in late trade.
The All ords added three points.The ASX 200 index finished flat.Looking across the region,it is a positive session,Japan's Nikkei edged higher,there is a strong gain in Shanghai,and the Australia dollar is hoding just above 74 US cents.
Oil and gas company Santos has slashed1 its levels of investment and cut cost to cope with local oil prices.Santos spends 65% less in capital expenditure2 to increase production during the second quarter of 2015.When compared with the same time a year ago,the decrease of spending capital comes as the company near completion of its biggest project-The L plant in Queensland.A 32% slide in oil prices has seen the compamy's revenue droven 19% tp 786 million dollars during the second quarter,despite a lift in production.
Great banks are due to reopen on Monday,after the Euro's own finance ministers have agreed to give Grace a 10 billion dollar briding loan.The life line is reward for Great prime minister Alexies after he won parliamentary banking3 for tough new austerity measures.The European commission says the emgergency funds will help Grace stablize its economy until middle August when the thrid bail-out is processed.
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1 slashed | |
v.挥砍( slash的过去式和过去分词 );鞭打;割破;削减 | |
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2 expenditure | |
n.(时间、劳力、金钱等)支出;使用,消耗 | |
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3 banking | |
n.银行业,银行学,金融业 | |
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