Tuesday, July 3, 2007

Australian U.S.-Linked Shares Fall; James Hardie Drops, Mining Stocks Rise

(Bloomberg) -- Australian stocks with overseas sales,
such as James Hardie Industries NV, fell after the Australian
dollar yesterday reached the highest in 18 years.

Mining shares gained, led by BHP Billiton Ltd. after the
company yesterday announced the approval of its $1.7 billion
Pyrenees oil field project off the coast of northwestern
Australia.


Read more at Bloomberg Stocks News

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