Energy

Australia shares seen opening higher with eyes on local data and rate decision

SYDNEY, Nov 4 (Reuters) – Australian shares are likely to open higher on Monday on better-than-expected manufacturing data from the United States, while investors will watch for a slew of local economic data on the day and the Reserve Bank of Australia’s rate decision on Tuesday. * Local share price index futures rose 0.4 percent to 5,414.0, a 2.9-point premium to the underlying S&P/ASX 200 index close. The benchmark slipped 0.3 percent on Friday, but ended the month 4 percent higher to



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Shunfeng scoops up bankrupt Suntech unit

Hong Kong-listed solar company buys Chinese assets of troubled Suntech even as Wuxi authorities parry bondholder efforts to liquidate company

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Foreign groups prepare Myanmar oil bids

Energy industry remains undeveloped by international standards, but there are questions over geology and the legal and operating environment

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