AUSTRALIA

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New iron ore pricing system under way

Global miners and steelmakers may replace the existing annual negotiations with a new quarterly-based iron ore pricing system, Wall Street Journal reported on Monday, which is expected to increase the volatility of steel prices and make the system more transparent.
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APEC decries protectionism, commits to Doha by 2010

Asia-Pacific nations agreed on Tuesday to shun protectionist measures after some criticized the United States and other developed world buy local campaigns at a meeting pushing forward momentum toward a global trade pact.
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Asia stocks hit 2009 high on earnings, CIT rescue

Asian stocks outside Japan rose on Monday to their highest level since the dark days following Lehman Brothers' collapse in September while the U.S. dollar fell, as strong company earnings encouraged investors to move into riskier, higher-yielding assets and commodities.
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Asia stocks rally to 2009 high on earnings, CIT

Asian stocks rose on Monday to their highest level since the dark days following Lehman Brothers' collapse last September while the U.S. dollar fell, as a solid outlook for corporate earnings lured investors to riskier, higher-yielding assets and commodities.
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Skiing Time at Southern Hemisphere!

Yes, it is possible to ski in Oceania! During the winter you can hit the slopes located in one of Australia's and New Zealand's ski resorts. Here are some great places for snow sports:
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Bombs rip through Indonesia hotels, killing eight

Bombs ripped through two luxury hotels in the heart of Indonesia's capital on Friday, killing eight people and wounding dozens in an attack the president said would damage confidence in Southeast Asia's biggest economy.
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Macquarie CountryWide sells U.S. assets for $1.3 bln

Australian investment group Macquarie CountryWide Trust (MCW.AX) has agreed to sell U.S. property assets for $1.3 billion to a joint venture including Californian state pension fund Calpers, it said on Friday.
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Australian PM says world watching China spy case

Australian Prime Minister Kevin Rudd warned China on Wednesday it had significant economic interests at stake in detaining an Australian mining executive on spying charges and the world was watching how it handled the case.
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Asian shares powered by Intel, yen out of juice

Asian share markets gained for a second session on Wednesday as blockbuster results from tech bellwether Intel Corp seemed to augur well for the U.S. earnings season and for consumer demand globally.
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Asian shares cheered on by Intel, yen steps back

Asian share markets gained for a second session on Wednesday as blockbuster results from tech bellweather Intel Corp seemed to augur well for the U.S. earnings season and for consumer demand globally.
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Rudd presses China to release detained Australian

Australian Prime Minister Kevin Rudd said on Tuesday efforts to free an Australian detained in China over claims of spying took precedent over bilateral ties and he was not worried about antagonizing Beijing.
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Things to Know Before You Go Somewhere

Well your bags are packed and you're ready to go, the taxi's waiting he's... Yeah, we know. So do The Chad Mitchell Trio, John Denver, Joni Mitchell, Jewel, Bjork and several seventh-grade chorus classes who are practicing as you read this.
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Australia pushes China on Rio Tinto detentions

Australia summoned China's ambassador on Monday for a second time to press for details of the detention of Rio Tinto's top iron ore salesman in China and three other staff accused of spying.
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Rio arrests reflect Beijing financial jitters

China's arrest of Rio Tinto staff for spying points to economic worries in Beijing, a security analyst said, and an Australian newspaper reported China's president endorsed the Rio investigation.
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LG launches app store, initial focus on Asia

LG Electronics Inc, the world's No. 3 handset maker, is launching an online store for mobile phone applications Tuesday with an initial focus on Asia and aspirations for a more global reach by year-end.
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Australia warns of risks to delay in China spy case

Australia warned China on Sunday of the risks to business confidence from the detention without charge of an Australian executive accused of stealing state secrets, and Chinese executives feared a wider purge.
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Australia braces for long haul in China spy case

The Australian government is prepared for a long haul in dealing with China's detention of a senior Australian mining executive on suspicion of stealing state secrets, Foreign Minister Stephen Smith said on Sunday.
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Infosys Q1 profit up, beats estimates

Infosys Technologies Ltd beat expectations with a 17 percent rise in quarterly profit and raised its full-year forecast at the lower end on hopes for a pick up in outsourcing demand from overseas clients.
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Ethnic Chinese nabbed for stealing secrets, espionage

Four employees of Australian miner Rio Tinto have been arrested in China on charges of stealing state secrets, the official Xinhua news agency said on Thursday, citing Shanghai's state security authorities. The suspects included Stern Hu, an Australian national and Rio Tinto's top iron ore salesman in China.

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