Reuters: Hot Stocks: Australia shares at fresh 17-mth highs

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Australia shares at fresh 17-mth highs Dec 18th 2012, 23:21 MELBOURNE | Tue Dec 18, 2012 6:21pm EST MELBOURNE Dec 19 (Reuters) - Australian shares rose 0.6 percent to fresh 17-month highs on Wednesday as top miners and banks gained after advances in U.S. stocks, oil and base metal prices on signs of progress in talks to avoid the U.S. "fiscal cliff". The benchmark S&P/ASX 200 index was up 27 points at 4,621.8 by 2314 GMT. It climbed 0.5 percent on Tuesday to 4,595.2. New Zealand's benchmark NZX 50 index rose 0.8 percent to 4,011.6. Surfwear company Billabong International remained on trading halt as it said it has received a $556 million takeover bid for the company.

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