AUSTRALIA

Asian Stocks Pause After Rallying on Fed Policy

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A broad asset rally inspired by the U.S. Federal Reserve's pledge to keep rates low paused Friday, as investors sought to gauge how sustainable the burst of optimism will be while waiting for the outcome of crucial Greek debt talks.

Eyes on Samsung smartphone sales, spending plans

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Samsung Electronics Co, the world's top technology firm by revenue, will report record quarterly profit on Friday, powered by strong sales of its smartphones, but most interest will be in its 2012 spending plans and mobile sales numbers as it vies with Apple Inc for smartphone supremacy.
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Tents of 'Occupy Frankfurt' movement are pictured next to Euro currency sign sculpture in front of ECB headquarters in Frankfurt

European Shares, Single Currency Decline

The euro and European shares weakened on Wednesday as fears about the prospect of a Greek debt default overwhelmed positive news on the outlook for Germany, the region's largest economy.
The Federal Reserve building is pictured in Washington

European Markets Firmer, Focus on Economy, Fed

European shares and the single currency held firm on Wednesday as investor focus switched to the broader economic outlook and some strong results from leading U.S. companies, and away from worries about the stalemate in Greek debt talks.
Asian Stocks

Asian Shares Rise as Focus Turns from Greece to Fed

Asian shares rose on Wednesday, underpinned by strong earnings from U.S. technology giant Apple, stabilizing European money markets and falling eurozone debt yields, with investors shifting their focus from Europe to the U.S. Federal Reserve.
Oyu Tolgoi Mine in Mongolia

Rio Tinto Becomes Majority Owner of Oyu Tolgoi

Global miner Rio Tinto has raised its stake in Canada's Ivanhoe Mines, owner of Mongolia's massive Oyu Tolgoi copper-gold project, to a majority holding but said on Tuesday it had no current plans to buy more shares.
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About one in five workers worldwide telecommute: poll

About one in five workers around the globe, particularly employees in the Middle East, Latin America and Asia, telecommute frequently and nearly 10 percent work from home every day, according to a new Ipsos/Reuters poll.
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Nokia fined for spam texts in Australia

Australian regulators have fined Nokia, the world's largest cellphone maker by volume, A$55,000 ($58,000) for spamming customers and said the Finnish company should change its text message marketing.
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Apache Paying $2.85B for Cordillera Energy Partners

U.S. gas producer Apache (APA.N) is to buy privately owned oil and gas company Cordillera Energy Partners III in a cash-and-stock deal valued at $2.85 billion to expand its acreage of oil and petroleum liquid fields.
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Apache to Buy Cordillera Energy for $2.85 Billion

U.S. gas producer Apache is to buy privately owned oil and gas company Cordillera Energy Partners III in a cash-and-stock deal valued at $2.85 billion to expand its acreage of oil and petroleum liquid fields.
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Toyota cutting 350 jobs in Australia

Toyota Motor Corp is cutting 350 jobs at its Australian manufacturing operations due to an ongoing downturn in production levels, a rare move from the Japanese auto giant.

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