Commodity stocks fell as crude oil for February delivery fell 7.9% to $37.59 a barrel. Gold prices slipped $30 to $824 per ounce. Gloucester Coal dipped 8.5%, Panoramic Resources fell 7.8% and Atlas Iron declined 6.5%.

ANZ Shores Up Stake in PT Panin Bank to 38.3%

ANZ said today it has shored up its stake in PT Panin Bank in Indonesia by acquiring a further 8.4% stake for US$114 million.

The shares were acquired in private sales from institutional investors.

ANZ Chief Executive Officer Asia Pacific Alex Thursby said, “Indonesia is a key market in ANZ’s growth strategy in Asia and Panin is one of ANZ’s longest standing and largest strategic partnerships in the region.”