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Financial analysts1 say shareholders2 in Gunns will be last in line to recover any funds from the Tasmanian timber company after it entered administration. Gunns shares hit close to 3 dollars and 50 cents in 2007. They were placed in a trading halt at just 16 cents over 6 months ago. In August, Gunns reported a loss of one billion dollars for the last financial year.
Resources-focused stocks again led the local share market lower. That's after commodity prices fell on worries about the strength of the global economy. By the close of the trade, the All Ordinaries index has shed a third of a percent, as had the ASX 200 index. Rio Tinto shed almost two percent. Smaller iron ore miners Atlas3 and Mt Gibson were down well over four. And larger rival Fortescue shed two.
The Australian dollar is heading slightly higher against the greenback. It fell overnight on global growth worries.
The Reserve Bank says subdued4 credit growth and relatively5 high funding costs could dampen profits at the country's lenders. It's worried this might tempt6 them to take on risky7 loans. In its six-monthly assessment8 of Australia's financial stability, the RBA says competitive pressures have not yet spurred inappropriate risk taking, but it's concerned about lower lending standards last seen in the lead-up to the financial crisis.
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1 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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2 shareholders | |
n.股东( shareholder的名词复数 ) | |
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3 atlas | |
n.地图册,图表集 | |
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4 subdued | |
adj. 屈服的,柔和的,减弱的 动词subdue的过去式和过去分词 | |
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5 relatively | |
adv.比较...地,相对地 | |
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6 tempt | |
vt.引诱,勾引,吸引,引起…的兴趣 | |
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7 risky | |
adj.有风险的,冒险的 | |
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8 assessment | |
n.评价;评估;对财产的估价,被估定的金额 | |
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