Australia's government will build a A$43 billion ($31 billion) high-speed broadband network, leading a new private-public company, after rejecting bids by companies that it said failed to offer value for money.
Asian stocks slid on Tuesday, snapping a five-day rally as concerns about the health of U.S. banks resurfaced, while expectations that Australian rates would not fall much further kept the Australian dollar steady.
Asian stocks slid on Tuesday, snapping a five-day rally as concerns about the health of U.S. banks resurfaced, while expectations that Australian rates would not fall much further kept the Australian dollar steady.
Asian stocks slipped on Tuesday, snuffing a five-day rally as uncertainty about U.S. banks pushed dealers to take profits on recent gains, while investors' reduced willingness to take risks lifted the U.S. dollar and yen.
Australia's government will build a new A$43 billion ($30.7 billion) national high-speed fiber-optic broadband network, rejecting bids in a controversial tender involving some of the country's largest telecommunications firms.
Microsoft's Virtual Earth has released the Virtual Earth Silverlight Map Control community technology preview (CTP) which supports video, animation, and vector graphics.
Rupert Murdoch, whose media company News Corp owns one of the few U.S. newspapers that makes people pay to read its news on the Web, said more papers will have to start doing the same to survive.
Fresh speculation has swirled about mining giant BHP Billiton resurrecting a takeover bid for rival Rio Tinto, but such a move is unlikely before Rio repairs its balance sheet.
Australian miner OZ Minerals agreed to sell most of its assets to China's Minmetals for $1.21 billion on Wednesday, securing Australian mining's second big Chinese investment in as many days.
Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) is close to raising $6 billion for a new global property fund, falling short of its earlier target of $10 billion, sources with direct knowledge of the plan said on Tuesday.
Google Inc is hiring to fill about 360 jobs, even after it announced plans this week to lay off almost 200 sales and marketing employees in its third round of job cuts this year.
Asian stocks dipped on Friday, but still headed for their best weekly gain in four months as hopes the global economy could not get any worse continue to bolster riskier assets.
Asian stocks rose on Friday, trying for a fifth day of gains, as hopes the global economy could not get any worse kept investors buying riskier assets, though U.S. and Japanese data left some doubts lingering.
Global warming is more than a third to blame for a major drop in rainfall that includes a decade-long drought in Australia and a lengthy dry spell in the United States, a scientist said on Wednesday.
Mining giant Rio Tinto said it could sell more assets and reschedule debt if a proposed $19.5 billion tie-up with China's state-owned aluminum firm Chinalco fails to go ahead.
Asian shares hit their highest level in 11 weeks on Thursday on hopes the U.S. economic downturn may be easing, while the dollar recovered after its latest wobble about its status as the main reserve currency.
Australia's competition watchdog cleared Rio Tinto Ltd's $19.5 billion tie-up with China's state-owned Chinalco, clearing one obstacle to a deal that still needs the approval of the finance minister.
Australian motorists are being encouraged to vent their anger on the Internet, and not on each other, via a new website that aims to make roads safer.
Asian shares put in a mixed performance on Wednesday as a sharp rally in stock markets this week over a U.S. plan to deal with toxic debt ran out of steam.
Australia's competition watchdog cleared Rio Tinto Ltd's $19.5 billion tie-up with China's state-owned Chinalco, rejecting at least one key argument against a deal, which still needs the treasurer's approval.
Political pressures cast a new shadow over Rio Tinto Ltd's planned $19.5 billion tie-up with Chinese state-owned Chinalco, knocking its shares down 10 percent on Wednesday, with Australia's Senate saying it would examine foreign investment.
Rio Tinto named a new chairman to help get a planned $19.5 billion tie-up with China's Chinalco approved, as Australian politicians opposed to the deal raised their level of protest on Tuesday.
