Thursday, December 12, 2013
Australia eased foreign ownership restrictions on Chinese state-owned coal firm Yanzhou Wednesday to help shore up the miner amid tough conditions in the sector.
Auto giant General Motors said Wednesday it will close its Holden plants in Australia by 2017, prompting Toyota to review its operations as unions warned the car industry was finished.
Tuesday, December 10, 2013
Exports in November decreased by 4.7 percent month-on-month but stayed level year-on-year, according to a report released by the Ministry of Finance (MOF) yesterday.
Bankers in Australia have much to cheer this Christmas as fees from underwriting IPOs surge 10-fold this year, and many are now betting on an equally active year in 2014 as a slew of private equity exits keep the market busy.
Thursday, December 5, 2013
Mining-powered Australia expanded a modest 0.6 percent in the three months to September and 2.3 percent on-year, showing a transitioning economy “stuck in second gear,” the government said Wednesday.
Wednesday, December 4, 2013
Australia's central bank held interest rates at their record 2.50-percent low Tuesday, saying the effects of earlier cuts had still to be fully felt.
Saturday, November 30, 2013
The Australian government rejected Friday the AU$3 billion (US$2.7 billion) sale of GrainCorp to American agribusiness giant Archer Daniels Midland (ADM), saying it went against the national interest.
Wednesday, November 27, 2013
U.S. health officials have ordered a startup headed by the ex-wife of a Google co-founder to halt a service of DNA testing to determine health risks.
Saturday, November 16, 2013
Thursday, October 24, 2013
Australian inflation rose by a stronger-than-expected 1.2 percent in the July-September period compared to the previous quarter, official data showed Wednesday, reducing expectations of further monetary easing this year.