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Australia's Nine Entertainment to list on stock exchange

Media giant Nine Entertainment on Monday announced plans to list on the Australian stock exchange with its prospectus valuing the company at about US$2.0 billion. The Australian group, which owns the Nine television network, ticketing services provider Ticketek, the country's largest indoor arena, and has a stake in Sky News Australia, will offer shares at between Aus$2.05 and Aus$2.35 each. This would give it a total market capitalisation of between Aus$1.93 billion and Aus$2.17 billion in one of the biggest listings of a privately owned company in recent years.

Australia jails China executive for insider trading

An Australian court on Friday sentenced a former vice president of Chinese company Hanlong Mining Investment to more than two years in jail for insider trading, officials said. Bo Shi Zhu, also known as Calvin Zhu, pleaded guilty to three charges of insider trading in July last year and will serve a minimum of 15 months, the Australian Securities and Investment Commission (ASIC) said in a statement.

Australia's S&P/ASX 200 breaks 5,000 points

Australia's benchmark S&P/ASX 200 index surged above 5,000 points for the first time in almost three years Wednesday on bullish corporate earnings reports and consumer confidence data. The index of Australia's top 200 companies closed 44.7 points, or 0.90 percent, higher at 5,003.7 -- a 34-month high. The broader All Ordinaries ended the day up 43.0 points, or 0.86 percent, at 5,024.5 after that index hit the 5,000 mark on Tuesday.

Australia's S&P/ASX 200 breaks 5,000 points

Australia's benchmark S&P/ASX 200 index surged above 5,000 points for the first time in almost three years on Wednesday on bullish corporate earnings reports and consumer confidence data. The index of Australia's top 200 companies hit 5,000.2 at 10:34 am (2334 GMT) -- a 34-month high -- and was trading at 5,004.7 an hour later after consumer confidence hit its highest level since December 2010. It was up 45.7 points, or 0.92 percent, on Tuesday's close.
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