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Chinese telecom equipment maker Huawei Technologies Co Ltd wants to conduct an initial public offering (IPO) to establish its credibility as it targets large contracts in major international markets.
Billabong shares have sank, bordering at the $1 mark, which is way below TPG's indicative offer of $1.45 a share, after the troubled Australian surfwear retailer admitted that TPG is having some concerns and reservations about the takeover issue.
Financial and materials shares led stocks on a broad march higher and boosted the blue chips, which posted their biggest gains in three weeks. The Dow Jones Industrial Average rose 80.75 points, or 0.6%, to 13575.36, the largest single-day gain since Sept. 13., when the Federal Reserve sparked a 1.5% rally in the Dow industrials by announcing a new bond-buying program.
Labor is fighting back, according to the latest Newspoll analysis, and is at best would give a slim chance for Prime Minister Julia Gillard to keep her job in the aftermath of the scheduled federal election in late 2013.
Shipments of Australian iron ore to China have dropped 9.5 per cent in September, according to latest data revealed by the Hedland Port Authority.
Woolworths Ltd on Friday revealed plans of spinning off its existing shopping centre assets into a real estate investment trust to maximise shareholder value, along with the intention to knock on investors for $506 million to help fund and push the deal.
Bell FX Currency Outlook: The AUD is likely to range trade today after posive night in equity markets, though we see further downside risks for the local currency.
Margie Abbott, the wife of Coalition Tony Abbott, is on a public relations blitz in an apparent attempt to recover lost political support among voters for her husband who recently was questioned over having problems with female authorities or women in general.
The Malaysian Higher Court has rescheduled on Oct. 10 its initial hearing over the highly contested temporary operating license (TOL) granted to Australian rare earths miner Lynas Corp. that would jumpstart its Malaysian rare earths processing plant.
Tony Abbott was his usual self when the Opposition leader said that Australia could easily go down the drain, in the same way key economies in Europe did, Treasurer Wayne Swan said on Thursday.
Casting off concerns it will be helping a direct competitor, Australia has vowed it will assist Mongolia to achieve and expand its very own mining boom.
Republican presidential nominee Mitt Romney has probably realized by now that Big Bird could rival him well in terms of gathering support from the Americans. A presidential candidate does not simply announce that he "loves Big Bird" without expecting a surge of memes on the internet. Especially if Big Bird will lose his job.
An English court will decide in the next few days if the surety bond of 140,000 euros or $220,000 for WikiLeaks founder Julian Assange will be forfeited following his adamant refusal to leave the Ecuadorian embassy in London.
Shares of telecom stocks helped nudge stocks higher after readings on private-sector hiring and service-sector activity bested expectations. The Dow Jones Industrial Average closed up 12.25 points, or 0.1%, at 13494.61, reversing losses earlier in the session.
Bell FX Currency Outlook: The Australian Dollar has been under pressure the past few days following the RBA rate cut and weaker data releases. Local data released today will again provide the AUD's direction for the day session.
Sales of newly constructed Australian homes have fallen to a record-hitting 15-year low in August, an industry survey report by the Canberra-based Housing Industry Association (HIA) revealed on Wednesday.
A number of Australian computer rental businesses have admitted installing a "spyware" software on the laptops they rent out to customers, but argued these were intended only for security purposes, and that it never activated the supposed spy functions of the software.
Prime Minister Julia Gillard has been silent on the Alan Jones controversy and she intends to keep it that way.
More electricity-powered Holden cars could be made in the near future should a deal between GM Holden and EV Engineering pushes through, reports said.
Bell FX Currency Outlook: The Australian Dollar remains under USD 1.0300 this morning following the Reserve Bank of Australia's surprise announcement to cut the official cash rate by 0.25% yesterday to 3.25%, a level not seen since March 2009 and only 0.25% above "emergency" levels set late 2008 during the GFC.
Newmont Mining, the second-largest gold producing mining firm in the world, will be installing a global SAP system in its Australian operations in the next two months.
The Reserve Bank of Australia (RBA) surprised the banking community on Tuesday by announcing an overnight cash rate cut of 25 basis points. With the decision, the country's key lending rate is down to 3.25 per cent, the lowest in three years.
"Smart is the new sexy," says the hit CBS sitcom about geek scientists, "The Big Bang Theory," one of the best comedy series today. Brainy people can be very funny, indeed. Perhaps the reason why there are several nerd and geek memes making the rounds on the internet is because the funniest memes are created by the nerds and the geeks themselves.
The republics of Congo and Cameroon have created a joint team to supervise the management of the iron ore deposits that are located along their common border as the owner of the Mbalam iron-ore project has been in an inconclusive takeover bid.
A year after it was announced that China's Sichuan Hanlong Group's has acquired Australia's Sundance Resources Ltd, the deal has yet to be sealed with the needed financing and skeptics are beginning to doubt if it will ever push through.
Australia Post, wanting to capture majority of the pie that caters to the growing online shopping activities of Australians, will acquire 50 per cent of Qantas Airways Ltd's freight business StarTrack for A$408 million ($422 million).
Home prices in Australia has risen for the fourth consecutive month in September, in what could be a confirmation that the rate cut is finally taking effect.
More corporate sponsors have pulled out or were planning to cease their partnership with popular 2GB broadcaster Alan Jones, who created a firestorm over the weekend for his offensive comments involving the late father of Prime Minister Julia Gillard.
Stocks Monday started the fourth quarter mostly higher after a report showed an unexpected expansion in September U.S. factory activity. The Dow Jones Industrial Average climbed 77.98 points, or 0.6%, to 13515.11, following its biggest weekly loss since the week ended June 1. The blue-chip benchmark trimmed gains heading into Monday's close, after climbing as much as 161 points earlier in the day.
