Australia

International expansion helps Netflix add more users than forecast

Video streaming pioneer Netflix Inc added more subscribers in the first quarter than it had projected, helped by aggressive expansion in overseas markets.

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Australian manufacturers fear Shell-BG deal may hurt gas market

Some of Australia's biggest manufacturers fear a planned $70 billion takeover of BG Group Plc (BG.L) by Royal Dutch Shell (RDSa.L) could potentially worsen what they see as a lack of competition in the country's eastern gas market.

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Strong turnout for world's first glimpse at Apple Watch

Consumers in Australia flocked to Apple Inc's (AAPL.O) store in Sydney on Friday to get the world's first up-close look at the tech giant's smartwatch, which the company expects will be its next runaway hit.

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Denmark applies to join China-backed AIIB investment bank

Denmark has applied to join the Beijing-led Asian Infrastructure Bank (AIIB), China's Ministry of Finance said on Sunday, becoming the latest European power to join the institution despite misgivings of the United States.

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Chevron seeks to exit Caltex Australia with $3.6 billion stake sale

U.S. energy firm Chevron (CVX.N) is seeking to sell its entire stake in Caltex Australia Ltd (CTX.AX) for about A$4.6 billion ($3.6 billion), exiting Australia's biggest refiner after nearly 40 years as falling oil prices and high costs hurt margins.

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Australia kicks off $39 billion submarine tender

Australia has invited Germany, France and Japan to pitch for a contract to build its new submarine fleet, kicking off a contentious A$50 billion ($38.8 billion) project which has become a political football at home.

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GM to make next generation Chevrolet Cruze in Mexico

General Motors Co (GM.N) will build its next-generation Chevrolet Cruze small car in Mexico, the company said on Monday. GM will invest $350 million to produce the Cruze at its plant in Coahuila, as part of the $5 billion investment in Mexican plants announced last year. It is the first time the Cruze will be made in Mexico, according to a GM spokeswoman in Mexico, and production will be mainly for the domestic market. The Cruze is currently imported to Mexico from GM's plant in South Korea, she said.

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China discussing regional bank's cooperation with ADB: finance minister

China is discussing ways in which a new regional lender being pushed by Beijing can cooperate with the Asian Development Bank (ADB), Finance Minister Lou Jiwei said on Sunday, as he sought to fend off concerns that the two banks would become rivals.

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BHP $13 billion spin-off South32 plans cautious approach to growth

BHP Billiton has put far less debt than expected into its $13 billion South32 spin-off, positioning the company formed from its unloved assets to weather tough markets and still pay a dividend.

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KKR, Varde, Deutsche seek to securitize $5.3 billion of GE Capital debt

A group comprising KKR & Co, Varde Partners and Deutsche Bank are looking to securitize about A$7 billion ($5.33 billion) of debt they acquired from a unit of GE, three sources with knowledge of the matter said.

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Bain-backed MYOB to file for $2.3 billion Australia IPO by end-March: sources

Bankers running the expected A$3 billion ($2.29 billion) initial public offering of Australian software firm MYOB Ltd, owned by Bain Capital, plan to file a prospectus for the sale by end-March, two people familiar with the matter told Reuters.

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Huawei plans big push to sell its phones, wearable devices in U.S.

Two years after U.S. legislators branded it a national security threat, China's Huawei Technologies Co Ltd is planning a campaign to win over U.S. consumers, rolling out new mobile phones and wearable devices backed by a marketing effort.

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Malaysia's AirAsia X to cut costs, may defer plane deliveries: Acting CEO

Malaysia's AirAsia X Bhd (AIRX.KL) will cut flights on unprofitable routes, reorganize staff and defer some aircraft deliveries to turn around the loss-making long-haul budget carrier, the airline's acting chief executive said on Wednesday.

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China's WeChat sends a message to Line and Kakao in their home turf

Mobile messaging apps Line and Kakao Talk are busy trying to conquer overseas markets such as Southeast Asia and India. But they may do well to keep a close eye on their home turf of Japan and South Korea as China's WeChat amasses more users.

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From cattle to corn, crude oil dive ripples through farm economy

Craig Uden, who fattens cattle for beef on his Nebraska feedlot, expects to cut his energy costs by as much as a quarter this year because of falling oil prices - a silver lining in an otherwise tough rural economy.

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