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Australian shares fell on Friday in
broad-based selling and were set for their worst week in 19
months, as geopolitical concerns and uncertainty over the U.S.
interest rate cut timeline kept investors.
Australian shares closed higher on
Monday, helped by gains in miners and healthcare firms, while
investors keenly await domestic inflation data due later this
week for further cues on the country s.
Australia s Star Entertainment Group on Thursday posted a drop in first-half profit, as the cash-strapped casino operator was hurt by weaker consumer discretionary spending and higher.
(Reuters) -Australian casino operator Star Entertainment posted a smaller-than-expected drop in first-half profit on Thursday amid intense competition and lower discretionary spending, sending its shares sharply higher in early trade. Shares of the cash-strapped casino operator jumped more than 5% to A$0.505 by 0015 GMT, outperforming the benchmark stock index which was down 0.2%. Star posted A$25 million ($16.24 million) in normalised net profit after tax attributable for the six months ended Dec. 31, down 43% from the A$43.6 million reported a year earlier.