Australia brushed off on Tuesday a Chinese report accusing iron ore miner Rio Tinto Ltd of overcharging and spying on Chinese steel mills, saying it had not been officially sanctioned.
Oil was steady below $71 a barrel on Tuesday ahead of U.S. data expected to show a fall in gasoline stocks, with weaker-than-expected Chinese economic data acting as a drag.
Oil was steady below $71 a barrel on Tuesday ahead of U.S. data expected to show a fall in gasoline stocks, with weaker-than-expected Chinese economic data acting as a drag.
Despite some slightly disappointing home loan and investment lending data out of Australia yesterday the Aussie dollar edged higher in Asia bouncing back from an early Monday morning sell off to 0.8330.
McDonald's Corp said sales at restaurants open at least 13 months rose a better-than-expected 4.3 percent in July, helped by gains in Britain, France and the United States.
McDonald's Corp said sales at restaurants open at least 13 months rose a better-than-expected 4.3 percent in July, helped by gains in Britain, France and the United States.
New Zealand set itself a goal on Monday to cut carbon emissions by between 10 and 20 percent by 2020, holding off setting a hard target until a broader global climate pact now under negotiation takes shape.
China's Yanzhou Coal has agreed to buy coal miner Felix Resources Ltd, a source said, in a deal worth up to $3.3 billion that underscores China's growing interest in Australia's resources sector.
Shares in global miner Rio Tinto Ltd fell more than 3 percent on Monday after a Chinese magazine published additional spying allegations against the company.
The US Dollar lost considerable ground against the Pound and EURO early last week with both currencies breaking through the physiological resistance barriers of 1.70 and 1.44 respectively.
China's state secrets watchdog has accused mining multinational Rio Tinto of engaging in commercial spying over six years, saying data on Rio computers showed the espionage came at a huge loss to China.
Korea East-West Power Co Ltd (EWP) and LG Corp are considering a joint venture in Australia this year, mainly to procure coal in the spot market for EWP, industry sources close to the deal said on Thursday.
China Metallurgical Group plans to seek dual listings in Hong Kong and Shanghai as early as September to raise up to $4 billion, said sources with direct knowledge of the deal, which could be the world's second-largest fundraising this year.
Stocks in Shanghai dropped 3 percent on Thursday, weighed by speculation China may take more steps to rein in liquidity, slashing the Australian dollar's gains, while copper slid from 10-month highs after disappointing U.S. services data.
Media conglomerate News Corp posted a quarterly net loss on Wednesday after taking charges in some of its units, including the one that houses the MySpace online social network.
The Australian Dollar opens little changed on Wednesday at 0.8440. In offshore trade the unit traded between a low of 0.8384 in early Europe and a high of 0.8450. In local economic data, retail sales fell 1.4 per cent for the month of June, but surged overall throughout the June quarter.
Who ever said China's loss of face over Chinalco's collapsed $19.5 billion Rio Tinto tie-up bid would curb the country's hunger for Australian natural resources?
Australian actor Hugh Jackman, who this year showed the world his song-and-dance prowess as host of the Oscars, will get his wish to star in a movie musical when he plays showman P.T. Barnum in an upcoming film.
An animated music video directed by the late actor Heath Ledger debuted on the Web on Tuesday, and it's an attack on the whaling industry set to the song King Rat by alternative rock band Modest Mouse.
A growing number of British teenagers are swapping sexually explicit images of themselves on mobile phones leaving them open to bullying and victimization by their peers, police and a children's charity said on Tuesday.
Australian police arrested four men they said were linked to a Somali militant group on Tuesday, accusing them of planning a suicide attack on an army base and raising fears the al Qaeda-linked rebels were seeking targets outside Africa.
HSBC Holding Plc, Europe's biggest bank, is in talks to set up an investment banking joint venture in China, a senior bank executive said, adding that acquisition prospects in Asia are too expensive and that the bank will focus on organic growth.
