The insurance market listed the litany of disasters in its annual report, which included claims from flooding in Australia in January, the February earthquake in New Zealand, the Japanese earthquake and tsunami in March and the floods in Thailand.
Stock index futures pointed to a flat open on Wednesday, cutting earlier gains after a weaker-than-expected reading on durable goods orders.
Stock index futures rose on Wednesday as several governments, including the United States, considered releasing oil reserves to ease high prices.
Stock index futures rose on Wednesday with large-cap shares looking to pierce 52-week highs, but the major indexes were not seen making big moves before the end of the quarter.
Apple Inc will email all buyers of its new iPad in Australia to offer them a refund, a lawyer for the company said on Wednesday, after the nation's consumer watchdog accused it of misleading advertising over one key aspect of the product.
An Australian newspaper accused News Corp of sabotaging the Pay- TV rivals by selling pirated smartcards, causing loss of millions of dollars to the rival channels.
Rio Tinto PLC said Tuesday it is mulling ways to sell off its diamond operations, as the world's third-largest mining company tries to divest mines it says may no longer fit its growth strategy.
Huawei, China's largest equipment manufacturer, has just lost a shot at billions of dollars worth of infrastructure sales to Australia. In light of China's reputation for cyber-espionage, the Australian government has decided to block Huawei from bidding on Australia's roughly AUS$36 billion National Broadband Network project. The decision was reported on March 26.
Australia's competition regulator is on the crackdown against Apple's new iPad, claiming the tablet misleads customers with its '4G LTE' label -- a feature that is not supported by Australia's 3G broadband frequency.
China's Huawei Technologies still hopes to win contracts to build Australia's $38 billion National Broadband Network, despite being blocked from bidding on cyber security concerns, and is ready to make concessions to do so.
Workers at BHP Billiton's seven Bowen Basin coal mines in Australia will go on strike beginning Tuesday night following unproductive negotiations over work conditions with the company, the workers' union said.
An Australian court ruled in favor of global miner Xstrata on Tuesday in a case which sought to halt the company's plans to build the country's largest coal mine on the grounds that it would contribute to climate change.
Most of the world is interconnected thanks to email and social networking sites such as Facebook and Twitter, according to a new poll released on Tuesday.
Apple's hot-selling new iPad hit a hurdle in Australia on Tuesday as the country's consumer affairs regulator accused the company of misleading promotions.
Australia's consumer affairs regulator on Tuesday said it will file a motion with an Australian court against Apple Inc
charging that it is misleading consumers with its promotion for its new iPad.Germany's Pirate Party won four seats in the Saarland state parliament on Monday. The new party took an impressive 7.4 percent despite only having three months to prepare for the snap elections.
The extinction of Australia's giant animals was caused by hunting, not climate change, a new study concludes.
Italy's top winemakers are joining forces with the country's luxury goods elite as the world's second-biggest wine producer tries to give itself an edge in the battle for U.S. and emerging market customers amid falling consumption at home.
Ever since Rihanna and Chris Brown collaborated on remixes of each other's tracks Birthday Cake and Turn Up The Music, fans and media have been speculating that the two R&B stars were dating again in secret, following their notorious 2009 breakup after Chris Brown punched Rihanna repeatedly while driving his car (according to the police report). Now the news is leaking that RiRi and Breezy may be reuniting on stage this Summer at the SupaFest music festival in Brisbane, Austra...
Rumor has it that notorious exes Rihanna and Chris Brown will be reuniting musically at the Supafest music festival in Brisbane, Australia. But does that mean they will be reuniting romantically as well? Our guess is no.
Australia has blocked China's Huawei Technologies Co Ltd HWT.UL from tendering for contracts in the country's $38 billion National Broadband Network (NBN) due to cyber security concerns, Huawei said on Monday.
Australia has blocked China's Huawei Technologies Co Ltd from tendering for contracts in the country's $38 billion National Broadband Network due to cyber security concerns, Huawei said on Monday.
