Weather New York, NY +-460°F



Australian Prime Minister Urges Chinese Premier for speedy Environmental Test on coal imports

Australian Prime Minister Malcolm Turnbull urged Chinese Premier Li Keqiang to hasten environmental tests of sulfur content on coal imports as Australian exporters claim that the new standards disrupts the trade and drives down the already low prices.

Read Full Article

Deploying A$16 million of shark-detecting technology in South Wales, Australia will keep predators at bay

It seems like technology came too late for Martin Brody from the movie Jaws. The government of New South Wales, Australia spent big on advanced technology that can detect sharks to keep beachgoers safe this summer.

Read Full Article
Google Nexus

Australia Welcomes New Nexus Devices from Google

Google's two new Nexus devices are now available for pre-order in Australia Monday from the Google store, and will be widely available on November.

Read Full Article

Brookfield's $6.5-bn Asciano bid in regulatory fiasco

The $6.5-bn acquisition offer to Asciano Ltd by Brookfield Infrastructure Partners is landed in trouble as the Australian regulator seeks an extensive review following the concern raised by the country's competition watchdog citing the reason that the Canadian firm's deal could lessen competition in rail haulage. The Australian Competition and Consumer Commission has postponed its decision on the acquisition offer made by Brookfield till 17 December.

Read Full Article

Aussie friends can now locate their mates using Facebook's Nearby Friends

Good news to Aussie Facebook lovers. Nearby Friends, a feature from Facebook can now be used by our mates in Down Under to locate their friends along the neighborhood or vice versa.

Read Full Article
Data Center

Australia's Vocus to acquire its rival M2 Group for A$1.93B

Australia - Vocus Communications will purchase M2 Group for A$1.93B. The merging will be completed in 2016. Vocus Communications Ltd. had come up with an agreement to purchase M2 Group for A$1.93B, that's US$1.35B worth. The deal will be the country's biggest acquisition in the telecom industry in four months, Bloomberg reported.

Read Full Article
Australian dollars

Macquarie Group’s expected profits to surge 40% in H1

Buoyed with drop in Australian currency and rise in revenues from its asset management unit and risk management fees, Macquarie Group Ltd is confident of achieving 40 percent growth in profits for the first half of 2015 year.

Read Full Article
Oil drilling

Oil Search Ltd rejects $8B takover offer by Woodside

Oil Search Ltd has refused the $8-billion takeover bid made by Woodside Petroleum Ltd, the biggest energy company in Australia. The rejection has turned out to be a major hurdle for Woodside Petroleum as the energy major is exploring low-cost LNG assets in Papua New Guinea (PNG), a nearby neighbor of Australia.

Read Full Article
Australian dollars

Australian dollar recovers as unemployment figures went down

The Australian dollar has slightly recovered after Australian employers created more jobs than what economists forecasted last month, pulling down the unemployment rate. According to Bloomberg, the Australian dollar was at 69.70 U.S. cents as of 11:38 am in Sydney on Thursday, down by 0.7% from the previous day. It had been at 69.53 cents just before the statistics bureau announced the number of employed in Australia climbed to 17,400 in August. An increase of 5,000 jobs is expected by analysts, according to the median estimate in a Bloomberg survey. The rate for the jobless went down from 6.3% to 6.2 % in July.

Read Full Article
U.S. Dollar bills

Dollar, bond yields up on Fed rate risk

Asian shares markets got off to a watchful start on Wednesday as the mounting risks of a hike in U.S. interest rates as early as next month lifted the dollar and sovereign bond yields, pressuring currencies across the region.

Read Full Article
Rio Tinto

Australian state could change mining approval rules, impact Rio Tinto project

The Australian state of New South Wales has proposed changing its mining approval process to give greater consideration to environmental concerns, potentially threatening a colliery expansion planned by mining giant Rio Tinto Ltd.

Read Full Article
Australia and New Zealand Banking Group Ltd (ANZ)

Germany's BMW among suitors for $6.4 billion ANZ car finance unit -source

Germany's BMW AG (BMWG.DE), Australia's Macquarie Group (MQG.AX) and a host of U.S. private equity firms are expected to bid for Australia and New Zealand Banking Group's (ANZ.AX) more than $6 billion car and equipment loan book, a source said on Monday.

Read Full Article

World financial fears keep Asia firms in holding pattern - Reuters/INSEAD survey

Sentiment at some of Asia's biggest firms has deteriorated as a slowing Chinese economy, Greek sovereign debt crisis and looming U.S. interest rate hike create deepening concern about the state of the world economy, a Thomson Reuters/INSEAD survey showed.

Read Full Article
BHP Billiton Ltd

BHP's South32 risks tough market debut, M&A talk swirls

BHP Billiton's shareholders are expected to approve the biggest ever spin-off in the mining industry on Wednesday, seeking to wring more value out of a string of long-neglected aluminum, manganese, silver and nickel assets.

Read Full Article
Apple Watch user

Tattoo snafu irks inked Apple Watch wearers

Early adopters of the Apple Watch, Apple Inc's (AAPL.O) first new product in five years, are complaining that a number of its key functions are disrupted by their tattoos.

Read Full Article
1 2 3 4 5 6 7 8 9 10  

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics