Australian healthcare firm Symbion Health Ltd will be broken up and sold to Healthscope Ltd and private equity firms in a A$2.8 billion ($2.5 billion) deal aimed at sidestepping opposition to a tie-up from a rival suitor.
In a world where e-mails follow people on vacation, the need for true chill-out travel has never been higher, sparking a boom in hotels and resorts dedicated to the quiet, and slow, life.
The new 'Atlantic' label was created by the French government to counter foreign competition in the wine industry.
The world moved into 'ecological overdraft' - the point where consumption exceeds the ability of the earth to sustain it.
A growing sense of urgency is pushing world leaders to agree a new treaty to fight climate change but the U.S. presidential election might still foil hopes of a deal by the end of 2009, experts say.
In the market for a new video iPod? Head to Hong Kong or, if Europe-bound, stop off in Switzerland. But best avoid Brazil.
Taiwan's Synnex Technology, the world's No.3 electronics distributor, forecasts its annual sales will grow by a fifth in 2007 and 2008, a touch below market estimates, as it aims to sell more products in China's fast-growth market.
Global stocks hit a fresh peak for a third straight session on Wednesday as worries about a credit squeeze continued to recede, while the dollar pared recent gains as investors awaited upcoming major U.S. economic data. Caution ahead of U.S. non-manufacturing numbers and retail sales in Europe due later in the day were seen keeping a lid on European markets.
Global stocks hit a record high on Tuesday, lifted by financial companies after subprime losses detailed by big banks, including Citigroup Inc, raised hopes that the worst of the credit squeeze may be over.
Australian conglomerate Wesfarmers Ltd's takeover of retailer Coles Group Ltd would create a company with A$44 billion ($39 billion) in annual revenues and the country's largest private employer, documents showed on Monday.
BBC Worldwide, the commercial arm of the British Broadcasting Corp, bought Lonely Planet in a deal that values the travel publisher at about 100 million pounds ($203 million), a person familiar with the talks said.
Asian markets advanced sharply on Thursday alongside Hong Kong and Sydney and Singapore setting new intraday highs as financial and energy stocks soar.
Credit rating agencies drew more fire on Wednesday as a powerful U.S. regulator said it was investigating if their judgment had been colored by money from customers selling subprime mortgages.
Japanese markets mostly failed to react to the appointment of Yasuo Fukuda as leader of the Liberal Democratic Party on Sunday. The appointment opens the way for Fukuda to take over the reins of departing Prime Minister Shinzo Abe.
A leading Asia-Pacific stock index hit a record high on Monday as shares took their cue from gains on U.S. markets late last week, though trading was light due to holidays in Japan, South Korea and Taiwan.
Search giant Google Inc. may invest into a joint venture that lays high-speed trans-Pacific cable under the ocean, according to a report by the Wall Street Journal.
Oil hovered around $82 a barrel on Thursday as sinking U.S. crude inventories and the threat of a storm gathering near Florida increased worries of a winter supply crunch in the world's top consumer.
India's No. 2 private power producer, Reliance Energy Ltd, is scouting for coal mines overseas and sees infrastructure projects such as road and rail as key growth drivers, a senior official said on Thursday.
Oil hovered above $82 a barrel on Thursday as sinking U.S. crude inventories and the threat of a storm gathering near Florida increased worries of a winter supply crunch in the world's top consumer.
Asia's budget airlines are poised for huge growth, despite recent damaging crashes, as cheap fares and new planes lure millions of passengers who have more money to spend on travel and leisure.
China went on a charm offensive on Wednesday to convince a skeptical world its products are safe, as a new poll in the United States found 78 percent of Americans were worried about the safety of Chinese goods.
Plans to build the world's longest golf course, across 1,200 km (750 miles) of treeless desert, received a welcome boost on Wednesday when the Australian government offered seed funding for the venture.
