AUSTRALIA

ASX

Australia's ASX H1 net up 2.8 percent, eyes SGX deal

ASX Group Ltd (ASX.AX) eked out a small first-half profit growth, but focus was squarely on the completion of Singapore Exchange's (SGXL.SI) $7.9 billion bid for the Australian bourse operator, a move to help the bourses fight growing competition.
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BHP in $80 billion expansion spree, puts off big takeovers

BHP Billiton plans to pour $80 billion into expansion over the next five years rather than chase ambitious takeovers, the world's biggest miner said after booming demand for iron ore and copper helped nearly double its first-half profits.
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Game eyes step change in online revenue

British PC and video games retailer Game said it is aiming to revive its fortunes by increasing sales over the Internet and converting more visitors to its stores into paying customers.
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BHP Billiton CEO harbored concern over China spying

Global miner BHP Billiton's boss, Marius Kloppers, confirmed on Wednesday he had harbored concerns about Chinese and competitor espionage on his business, citing it as a reason behind his push for market pricing of key commodities.
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BHP goes on $80 billion expansion spree

BHP Billiton , the world's biggest miner, plans to pour $80 billion into expansions over the next five years and return cash to investors rather than chase ambitious takeovers, after nearly doubling its first-half profit to a record.
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ING sells real estate unit to CB Richard Ellis

ING will sell most of its real estate management operations for about $1 billion to U.S.-based property broker CB Richard Ellis Group, helping the Dutch bancassurer to pay down state aid.
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Foster's to cast off wine; beer profit disappoints

Foster's Group , Australia's largest brewer, pushed ahead on Tuesday with plans to split its beer and wine businesses, but it risked dampening bidder appetite for either unit by also reporting soft first-half profits.
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BHP offered to swap China info with U.S.: WikiLeaks

Anglo-Australian miner BHP Billiton once offered to trade intelligence with Washington on China, its most important market, an Australian newspaper said on Tuesday, citing leaked U.S. cables obtained from WikiLeaks.
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Banks face ratings downgrade in Moody's review

Some banks' credit ratings will be cut as governments make it easier to wind up failing lenders and force debtholders to pay for rescues, rating agency Moody's said on Monday.
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Consumers would pay for premium telco services: study

Frustrated with slow mobile Internet speeds and stalling videos, consumers are willing to dole out extra cash for better telecommunicaitons services, allowing more pricing room for operators, a global report showed on Monday.
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Merger mania again hits global stock exchanges

Global stock exchanges have apparently entered into a new round of consolidation that promises to radically alter trading activities for millions of investors.

China trade surplus shrinks, supports government's G20 case

China's trade surplus fell to its lowest in nine months in January after imports surged, supporting the government's case ahead of a G20 meeting that it is doing enough to spur domestic demand without speeding up currency appreciation.
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Asian stocks shine, China inflation data eyed

Asian stocks rallied on Monday, snapping five straight sessions of losses, as talk of slower-than-expected Chinese inflation helped drive Shanghai's main share index to its best level in seven weeks.
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Asian stocks shine as Egypt worries fade

Asian stocks rose on Monday as investors greeted news of Egyptian President Hosni Mubarak's resignation with relief, while U.S. crude steadied near $85.50 per barrel after falling to 10-week lows as geopolitical tensions eased for now.
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Total 2010 profits jump on higher oil prices

Total reported bumper earnings on Friday, bolstered by stronger oil prices, and the French oil major unveiled plans to spend $20 billion this year on new oil and gas projects to boost flagging production.
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Australia's Newcrest H1 profit jumps, appoints new chief

Newcrest Mining , Australia's top gold miner, almost doubled underlying first-half profits on Friday due to higher gold production, beating some forecasts, and appointed a new chief executive.
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TMX buys stake in Australia's MinesOnline.com

Canadian exchange operator TMX Group (X.TO), which is the target a friendly takeover by the London Stock Exchange (LSE.L) said on Thursday it has taken a 50 percent stake in Australia's PCF MinesOnline.com Ltd.

Australia urged to use catastrophe bonds as disaster risk rises

Global reinsurance giant Swiss Re said Australia's natural disaster risk was increasing and urged its governments to cover the rising damages bill using insurance instruments like catastrophe bonds as opposed to one-off disaster levies.

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