AUSTRALIA

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Asia gains lift world stocks to 10-month high

Asian stocks jumped more than 2 percent on Monday, lifting world shares to a 10-month high, after upbeat U.S. housing data and optimistic comments from Federal Reserve Chairman Ben Bernanke spurred buying of riskier assets.

Tarantino's Nazi movie slays at box office

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Nazis and Quentin Tarantino proved a lethal combination at the worldwide box office as the bad-boy director topped the weekend charts with his violent World War Two movie

Asia shares wary as China rebounds; yen gains

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Most Asian stock markets edged higher on Friday, keeping a wary eye on volatile Chinese shares, while currency traders went on the defensive after a wild see-saw week and mixed U.S. economic data, bidding up the safe-haven yen.
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Macquarie buys U.S. asset manager for $428 mln

Macquarie Group Ltd, Australia's top investment bank, agreed to buy U.S. asset manager Delaware Investments for $428 million in cash from Lincoln National Corp, continuing a trend of consolidation in the fund management business.
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Tamiflu shelf-life extension up to countries: WHO

The World Health Organization said on Tuesday it was up to national regulatory authorities to decide whether to extend the shelf life of the flu drug Tamiflu by two years, as recommended by Swiss drug maker Roche.
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Macquarie buys U.S. asset manager for $428 million

Macquarie Group Ltd , Australia's top investment bank, agreed to buy U.S. asset manager Delaware Investments for $428 million in cash from Lincoln National Corp , continuing a trend of consolidation in the fund management business.
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Exxon, China sign $41 billion Australian gas deal

Australia and China struck their biggest trade deal on Tuesday, as the world's two most valuable listed oil companies, Exxon Mobil Corp and PetroChina , reached a $41 billion liquefied natural gas agreement.
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Exxon, China ink $41 billion Australian gas deal

Australia and China struck their biggest trade deal ever on Tuesday as the world's two most valuable listed oil companies, Exxon Mobil and PetroChina , agreed a $41 billion liquefied natural gas deal.
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Reader's Digest plans prearranged bankruptcy

Reader's Digest Association Inc, whose namesake magazine has been a staple of dentists' offices for generations, said on Monday it planned to file for Chapter 11 bankruptcy for its U.S. businesses as part of a prearranged plan with lenders to cut debt by 75 percent.
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Reader's Digest plans to file for bankruptcy

Reader's Digest Association Inc, publisher of the widely-read Reader's Digest magazine, said on Monday it would likely file for Chapter 11 bankruptcy for its U.S. businesses to cut its debt load.
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Reader's Digest plans to file for U.S. bankruptcy

Reader's Digest Association Inc, publisher of the widely-read Reader's Digest magazine, said on Monday it would likely file for Chapter 11 bankruptcy for its U.S. businesses to cut its debt load.
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Down under, UBS stealing deals thunder

The Australian unit of Swiss bank UBS AG thriving, even as its parent struggles in the global financial crisis, and has earned a reputation for snatching deals from rivals and making a success of them.
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TomTom iPhone App Review Video

TomTom's much anticipated turn by turn app for the iPhone was released on Monday on iTunes for $99. The app uses the iPhone's built-in GPS chip to provide users with real-time navigation directions
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China steel assn says talks concluded with Fortescue

Australia's No.3 iron ore miner, Fortescue Metals Group , has agreed to supply China at a 3 percent discount to prices offered by its bigger rivals, in a deal that will allow Chinese steel mills to claim a partial victory in their quest for a better iron ore settlement.
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Mexico's Cemex extends $15 bln debt, may sell shrs

Mexico's Cemex, the world's No. 3 cement maker, said on Friday it finalized a $15 billion debt restructuring to avoid default and announced it could sell shares worth about $1.7 billion as part of the deal.
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BHP hires BofA-Merrill for Ravensthorpe sale: source

BHP Billiton has hired Bank of America-Merrill Lynch to advise it on a sale of its Ravensthorpe nickel operation in an auction which could fetch $1 billion, a source with direct knowledge of the matter said on Friday.
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Australian parliament rejects carbon trade plan

Australia's parliament rejected a plan for the world's most ambitious emissions trade regime as expected on Thursday, bringing the nation closer to a snap election and prolonging financial uncertainty for major emitters.

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