AUSTRALIA

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NZ passes carbon trade laws, Australia edges closer

New Zealand's revised emissions trading plan passed into law on Wednesday, while neighboring Australia moved a step closer to ending a deadlock stalling its carbon-trade legislation ahead of a vote this week.

JC Flowers in pursuit of UK bank assets

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U.S. private equity investor JC Flowers is circling Britain's weakened banking industry, prepared to swoop on forced divestments over the next 12 months, according to the firm's new European and Asia Pacific boss.

71% of CEOs forecast revenue increase

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What strategies will Australian CEOs be pursuing in 2010? As the globalfinancial crisis recedes, a national survey of 148 Australian CEOs shows they expect to move from survival mode to sales.
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Hours fall for underemployed not the overworked, study finds

During the global financial crisis workers who stayed in their jobs did not reduce their working hours, despite widespread government and commentator claims that cuts in hours had helped stem job losses during the downturn, new University of Sydney research shows.
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Dollar stabilizes, Asia shares slip

The dollar stabilized in early trade on Tuesday after losing ground in New York, while Asian shares slipped as investors shrugged off upbeat U.S. home sale data and took a breather after recent gains.
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Gold at record; resource plays boost stocks

Gold powered to another record high on Monday, benefiting from its reputation as a hedge against inflation and sluggish economic growth, while oil and copper prices rose on a weaker dollar and supply concerns.
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Rio Tinto unit Cloud Peak falls in NYSE debut

Cloud Peak Energy Inc , a unit of Rio Tinto Plc, fell in its debut on the New York Stock Exchange on Friday after its shares priced below expectations in the U.S. coal miner's initial public offering.
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Volkswagen South Africa to double exports in '10

Europe's biggest carmaker, Volkswagen, will almost double exports from its South African plant in 2010 under a 27 billion rand ($3.59 billion) global contract for right-hand drive models of its new Polo.
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Australia's Rudd faces showdown on carbon vote

Australia's parliament votes next week on Prime Minister Kevin Rudd's plan for a sweeping carbon trade scheme with hopes it will finally win approval after two years of divisive debate.
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Australian heatwave in carbon trade battle

Australia's government demanded on Thursday that conservative rivals stop opposing carbon trade laws, citing a heatwave searing the country's biggest cities as evidence of Australia's vulnerability to climate change.
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Australian economy lures offshore prop. investors

Australia's resurgent economy has lured a string of offshore commercial property investors to its shores, many betting the rebound will underpin market competitiveness in the face of a soaring local currency.
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IDC: the age of mobile social networking comes in Asia/Pacific

The mobile is potentially overtaking PCs as the device of choice for access to social network site (SNS) in Asia and Pacific, IDC said on Monday in a survey-based report. It also noted that the telecom carriers need to set the stage for mass adoption by lowering data tariffs and offering user-friendly mobile applications.
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Vestas sees big wind turbine orders in Asia

Vestas Wind Systems said Wednesday it plans to announce significant orders for its wind turbines in the next five months, citing a pick-up in demand for wind power in Asia as more funding for projects becomes available.
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Wind farms 20 pct of Australia new power projects

Wind farms account for about a quarter of Australian electricity generating developments now under construction or planned as the country moves to increase its reliance on renewable energy, a government report said on Wednesday.
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Altona signs JV with China's CNOOC; shares up

Energy firm Altona Energy Plc said it signed a joint venture deal with a unit of state-owned China National Offshore Oil Corp to develop its project at Arckaringa in South Australia, sending its shares up as much as 42 percent.
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Australian opposition confident of carbon deal

After months of stalemate, Australia's government could finally seal an agreement for its sweeping carbon trade scheme by early next week after the opposition said on Tuesday they were confident of a deal.
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How do you know you have the flu?

Vaccination programs against H1N1 swine flu are under way in the United States, China and Australia and will begin soon in parts of Europe.
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Gold hits another record, Asia shares rise

Gold hit a fresh record high on Monday as investors hedged against a weak dollar, while Asian shares gained ground after upbeat reports from U.S. retailers underpinned confidence the global economy is recovering.
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BlackRock says c.banks to be net buyers of gold

Central banks will be net buyers of gold this year as they diversify away from the U.S. dollar, marking a reversal of a decades-old trend, global commodities investment fund BlackRock said on Monday in comments that helped drive bullion to fresh record highs.

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