Vedanta Resources may demerge its aluminium division. According to a report appeared in The Independent in UK, the new firm will be the world's fourth biggest aluminium player, behind Russia's United Company Rusal, America's Alcoa and China's Chalco.
Technology stocks pushed Asian shares to a two-month high on Wednesday, powered by hopes of strong earnings for Intel, while the yen faltered after the Bank of Japan loosened policy in a bid to spur the flagging economy.
The Australian Dollar opens higher against the greenback today at 0.9180.
How many times have you picked up a magazine while waiting for an appointment and flipped through the hundreds of pages of articles? How long did it take you to decide whether or not to turn the page?
Kraft Foods came under heavy fire from UK parliamentarians on Tuesday for raising false hopes about the future of a Cadbury plant as it battled to win control of the British chocolatier.
Shares in National Australia Bank, the country's top lender, have lagged peers by far in the past six months as investors fret its acquisition moves are distracting it from the core banking operations.
European Union finance chiefs failed on Tuesday to resolve a row over new rules to control hedge funds, a spokeswoman for the EU's Spanish presidency said.
European Union finance ministers discuss on Tuesday whether regulators should curb the sovereign credit default swaps (CDS) market after Greece accused speculators of amplifying its debt woes.
Lehman Brothers Holdings Inc ousted whistle blower Matthew Lee just weeks after he had raised concerns with Lehman's auditor about the firm's accounting in 2008, the Wall Street Journal said, citing people familiar with the matter.
Asian shares struggled to keep modest gains on Tuesday and the dollar gave ground as investors trimmed long positions ahead of a Federal Reserve policy meeting expected to repeat a pledge to keep rates low for a long time.
The Australian Dollar opens lower today against the greenback at 0.9135.
The euro fell against the dollar on Monday, weighed down by a lack of concrete progress on a financial aid package for debt-strapped Greece.
U.S. regulators released a blueprint for upgrading Internet access for all Americans, with an emphasis on speed, expanding coverage and freeing up more airwaves for mobile services.
British Prime Minister Gordon Brown said on Monday he would stay on as leader of the Labour Party even if it fails to win a majority at an election expected in May.
The European Union's executive said on Monday it was ready to propose a framework that could be used to aid Greece, despite signs of continuing reluctance from France and Germany to make concrete commitments.
News Corp is looking to sell Jamster, a mobile phone content business which provides ring tones and online dating services.
Stock futures point towards a lower opening on Monday as market participants wait Senator Chris Dodd's financial reform bill and digest comments made by Chinese Premier Wen Jiabao about the yuan.
Airbus parent EADS has received no word of any changes to a contest to supply aerial refueling tankers to the United States, the head of Airbus Military said on Monday.
British songwriters, composers and music publishers earned 623 million pounds ($944.8 million) in royalties in 2009, up 2.6 percent on 2008 and the first time the growth in digital revenues outperformed the drop in CD and DVD earnings.
Euro zone finance ministers on Monday will look at how to give Greece financial aid should it ask for help, but there were signs France and Germany were holding out on making concrete commitments.
Alice in Wonderland raced to a $430 million haul at the worldwide box office on Sunday, while Matt Damon's new Iraq war conspiracy thriller Green Zone was one of the year's first big flops.
Finance ministers from countries using the euro hope to agree on Monday on a way of providing heavily indebted Greece with financial aid, despite French and German doubts that a deal will be reached.