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Australia: Consumer confidence in rural parts high

Consumer confidence in Australia is far higher in the rural areas than those in the urban parts these past two to three months. This has been revealed in the the Westpac-Melbourne Institute consumer sentiment index published today.

How will Asian markets perform in the coming days?

Asian regional markets are mixed in the last hours of trading in Australia, Singapore, and Japan as investors kept a "wait and see" attitude and bearish sentiments spilled from European and U.S. markets.

Was Wednesday's emergency landing actually a Qantas flight?

The Australian and International Pilots Association (AIPA) is seeking clarification from Qantas management on behalf of the travelling public over whether the QF50, which made an emergency landing at Sydney airport today, was actually a Qantas flight or not.

Australia's CBD Energy forms joint venture with Chinese firms

Australian renewable energy company, CBD Energy (ASX: CBD), has disclosed to the ASX it would finalise its joint venture with two of China's largest renewable energy companies and pursue A$6-billion worth of renewable energy projects in the coming years.

Foster's shareholders complain on costly split fees

The Australian dollar’s upsurge has affected Foster’s beer business, subjecting the company to a shareholders’ vote by month end that will divide the company into halves. SABMIller shows interest on the great divide.

Workers in Shell Clyde refinery brace for shutdown

Workers at the Royal Dutch Shell BV's fuel refinery at Clyde and Gore Bay Terminal in Greenwich, Sydney, NSW are in danger of losing their jobs as the company would likely convert its facility to a fuel import terminal.

Shell inks deal with Chevron for Wheatstone project

Chevron Corporation (NYSE: CVX) says it has entered into agreements with Shell Development (Australia) Pty Ltd to bring Shell into the Chevron-operated Wheatstone Project as a natural gas supplier and equity participant.

Leighton downgrades from profit to loss

After completing a major review of its operations and asset base which has resulted in a revision of the profit forecast for the 2010/11 financial year, Leighton Holdings Ltd (ASX: LEI) says the group now expects to report a loss of $427 million for the financial year versus its previous guidance for a profit of $480 million after tax.

Australia mulls tough smoking rules

Australia is closely watched by other countries in the Asia-Pacific as to how it will implement a very tough anti-smoking law that seeks to discourage the habit and promote a more healthy lifestyle.

Rio okays feasibility study

Anglo-Australian Rio Tinto (ASX: RIO) says it has given the go ahead to spending US$238 million to advance a feasibility study for extending the life of Kennecott Utah Copper’s Bingham Canyon Mine in Salt Lake City, and for the purchase of related long-lead time equipment.

Global Copper Supply Deficit Seen Until 2013

Mining experts are convinced that the global supply deficit could further push copper prices higher until the year 2013 to the benefit of mining companies world-wide, mining experts attending the CRU World Copper conference in Sanitago, Chile said today.

Rio Tinto strenghten's hold on Riversdale

Australia's Rio Tinto Mining Ltd has strengthened its bid obtaining 49.49 percent of all the shares of Riversdale Mining Limited (Riversdale), the company announced late Wednesday.

Rio Tinto takes control of nearly half of Riversdale

Global miner Rio Tinto Group (ASX: RIO) says its wholly-owned subsidiary Rio Tinto Jersey Holdings 2010 Ltd (RTJ) has obtained an interest in 49.49 per cent of all the shares of Riversdale Mining Ltd as of a short time ago

Telstra offers faster 3G connection on the go

Australian telco giant Telstra (ASX: TLS) says it is launching a new high-speed mobile Wi-Fi hotspot to enable Australians to connect multiple mobile devices to the internet when they’re on the go.

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