AUSTRALIA

Total 2010 profits jump on higher oil prices

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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 sugar industry looks to recovery after cyclone

About a quarter of Australia's sugar cane crop may have been destroyed after Cyclone Yasi tore through key growing areas, with the damage exacerbating already tight global supplies and helping push U.S. futures to three-decade highs last week.

China energy firms' gas acquisitions

PetroChina (0857.HK)(PTR.N) agreed to pay C$5.4 billion ($5.4 billion) for half of Encana's Cutbank Ridge shale gas project, marking the largest Chinese investment in a foreign gas asset.
coal

Anglo Coal says prices too high for expanding

Anglo American's thermal coal unit is keen to expand its operations in South Africa and beyond, but is waiting for price of acquisitions to come down first, the unit's head said late on Wednesday.
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Britain's LSE in deal to buy Toronto exchange

The London Stock Exchange is to buy Canada's TMX stock exchange operator to create the world's fourth-largest trading center and claw back some of the market share it has lost in recent years.
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Asian market reaction to China hike muted

Shares in Asian developed markets rose and the dollar and Swiss franc eased on Wednesday as investors bet that China's latest interest rate rise would not derail hopes of a sustained economic recovery.
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Debt rating agencies sending right message... at wrong time

The heightened sense of scrutiny surrounding many heavily-indebted rich nations is sending the right message about fiscal discipline but is coming at the wrong point in the recovery cycle for many countries, and could do more harm than it's worth to the global economy.
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BG profits rise on higher prices, boosts div by 10 pct

British gas producer BG Group Plc posted a rise in quarterly profit helped by higher commodity prices and a lower exploration charge and the company lifted its full year dividend by 10 percent to 21.60 cents a share.
Virender Sehwag (R) plays a shot as New Zealand's wicketkeeper Gareth Hopkins watches during the sixth one-day international cricket match in the tri-series in Dambulla August 25, 2010.

India's batmakers hit for six by global sponsors

When the world's batsmen dazzle crowds at this month's cricket World Cup, many will use bats hand-made in India. But lucrative global branding that masks the bats' true makers threatens the country's craftsmen.
 Cyclone Yasi

Support for Australian government tumbles after disasters

The Australian government's support has slipped to dangerously low levels following a summer of natural disasters and as Prime Minister Julia Gillard fights for a new tax to pay for flood and cyclone reconstruction, a new poll found on Monday.

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