Oceania

G20 Finance Ministers and Central Bank Governors meeting

G20 says nearing growth goal, but more needed from Europe

The Group of 20 leading nations say they are tantalisingly close to adding an extra $2 trillion to the global economy and creating millions of new jobs, but Europe's extended stagnation remains a major stumbling block.

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G20 Finance Ministers and Central Bank Governors meeting

As G20 chases growth goal, members differ on how to get there

Financial leaders of the Group of 20 top economies remain committed to chasing higher global growth, but were divided on how to achieve it as Germany pushed back at calls from the United States and others for more immediate stimulus.

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Asian stocks

China growth worries rattle Asian stocks, Aussie dollar

Asian stocks stumbled to a five-week low on Monday after a batch of disappointing data out of China raised the specter of a sharp slowdown in the world's second-biggest economy.

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Asian Stocks

Asian shares tread cautiously after Obama speech

Asian share market sentiment was cautious on Thursday after U.S. President Barack Obama vowed to fight Islamic State militants, while the dollar pushed to fresh six-year highs against the yen.

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Australian Securities Exchange Screen.

Dollar holds broad gains, NZ dollar stung by RBNZ

The U.S. dollar held near a six-year peak against the yen early on Thursday and powered to a seven-month high on its New Zealand peer, which fell after the country's central bank said its current level is "unjustified and unsustainable".

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Pilbara Iron Ore

Australia's Western Desert calls administrators as iron ore price plunges

Australian junior iron ore miner Western Desert Resources Ltd said it had called in administrators after failing to negotiate a deal with its bankers, due largely to plunging iron ore prices.

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Australian Securities Exchange Screen.

Australia says to sell Medibank in December listing

Australia said on Friday it will sell health insurer Medibank Private in an initial public offering in December, in a sale expected to fetch about A$4 billion ($3.74 billion) and make 2014 the country's biggest year of new listings.

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Qantas Airways Ltd

Australia's Qantas, Virgin allow smartphones throughout flights

Australian airlines Qantas Airways Ltd and Virgin Australia Holdings Ltd said passengers can use smartphones and tablets throughout flights from Tuesday after a regulator relaxed a ban on electronic devices on planes.

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Telstra logo

Australia's Telstra buys video platform company Ooyala for $270 million

Australia's largest telecommunications company Telstra Ltd said on Tuesday it had paid $270 million to buy out Silicon Valley-based video platform company Ooyala as part of a deeper push into digital media.

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Moneysoft

Additional AU$500,000 funding round helps Moneysoft to hire key personnel to drive expansion

Moneysoft reportedly secures an additional AU$500,000 in a new round of funding, bringing its total funding to AU$1.5 million. The application offers a free budget planner and money management software that allows its users to categorize and track...

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Australian Securities Exchange Screen.

Australia's Asaleo to raise $617 mln after pricing IPO at middle of range -sources

Toilet paper and tampon maker Asaleo Care Ltd will raise A$656 million ($616.6 million) in Australia's second-largest initial public offering (IPO) of the year after pricing its offer near the middle of an indicative range, two people familiar with the matter said on Tuesday.

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Apple Inc

Apple’s HealthKit is made in Australia, startup founder claims

Alison Hardacre, co-founder and managing director of HealthKit, a Melbourne-based startup and owner of both the HealthKit Twitter handle and the healthkit.com website expressed disappointment over Twitter on Apple's use of its company name in its new product.

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Liquefied Natural Gas (LNG) Ltd

LNG closes $49.5M in placement for Magnolia facility

Perth, Australia-based publicly listed firm Liquefied Natural Gas (LNG) Ltd secured $49.5 million in a placement of 90 million shares to its Australian and new US investors at $0.55 apiece for development of its Magnolia LNG facility.

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Andrew Forrest

Mining tycoon Andrew Forrest acquires Australian beef processor Harvey Beef

Mining tycoon Andrew Forrest acquired Perth, Western Australia-based beef processor and exporter Harvey Beef for an undisclosed amount through his company Minderoo, and announced expansion plans for the newly-acquired firm.

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GreenButton

Microsoft acquires Kiwi cloud computing firm GreenButton

Washington, US-based software giant Microsoft acquired Wellington, New Zealand-based cloud computing firm GreenButton for an undisclosed amount to incorporate it into the Azure public cloud platform to give companies remote access to software.

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