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  • Asian Markets End Mixed as Credit Concerns Persist Thursday, 10 Jul 2008 | 5:28 AM ET

    Asian stocks were mixed Thursday with South Korea finishing over 1% higher in a volatile session which saw markets seesawing between negative and positive territory.

  • Australia Jobs Rebound, June Unemployment Dips Wednesday, 9 Jul 2008 | 10:55 PM ET

    Australian employment staged a surprisingly strong revival in June while the jobless rate ticked down toward three-decade lows, keeping alive the risk that a drum-tight labour market could fuel inflationary pressures.

  • Asian Stocks Pare Gains on Iran Missile Report Wednesday, 9 Jul 2008 | 5:14 AM ET

    Asian markets pared back gains Wednesday, on news that Iran has test-fired missiles. The report, which came in the afternoon, prompted many investors to lock in profits, sending South Korea down almost 1% and taking back most of the Nikkei's earlier gains.

  • Australia Consumer Confidence Hits 16-Year Low Tuesday, 8 Jul 2008 | 10:54 PM ET

    A key measure of Australian consumer confidence fell to 16-year lows in July as record petrol prices and a sliding share market hurt family finances, in just the latest sign of spreading economic weakness.

  • Australia's IAG to Scale Back UK Operations Tuesday, 8 Jul 2008 | 8:51 PM ET

    Insurance Australia Group, Australia's top home and car insurer, announced a partial exit from its struggling UK operations, taking a charge of $333 million in fiscal 2008.

  • Asian Markets Drop Sharply, Financials Drag Tuesday, 8 Jul 2008 | 5:06 AM ET

    Asian markets took a beating Tuesday, weighed by the financial sector after sharp declines in shares of Fannie Mae and Freddie Mac in the U.S. on funding concerns reminded investors about the fragility of global credit markets.

  • Australia June Business Confidence at 7-Year Low Monday, 7 Jul 2008 | 10:39 PM ET

    Australian business conditions deteriorated sharply in June as profits and sales fell from the previous month, providing further evidence the economy was cooling and relieving some of the pressure for more rate hikes.

  • Asian Markets Finish the Day Mixed Monday, 7 Jul 2008 | 5:06 AM ET

    Asian markets ended mixed Monday, with Sydney down 1.6 percent while Shanghai jumped 4.6 percent. However, sentiment remained weak after credit concerns pushed European indexes lower. The market lacked direction overall as investors waited for the U.S. to reopen after the Independence Day long holiday weekend.

  • BHP Secures Iron Ore Price Similar to Rio's: Source Friday, 4 Jul 2008 | 1:15 PM ET

    BHP Billiton has secured price rises for its iron ore shipments to China similar to the near-doubling of prices won by rival Rio Tinto, Chinese industry officials familiar with the agreement told Reuters on Friday.

  • Asia Trades Mixed, Nikkei Continues Losing Streak Friday, 4 Jul 2008 | 5:29 AM ET

    Asian markets painted a mixed picture Friday, with exporters moving higher on a stronger U.S. dollar while record high oil prices weighed on oil distributors and airliners. Trade was cautious with U.S. markets closed for the Independence Day holiday.

  • Australia's Origin Rejects BG Group Bid Thursday, 3 Jul 2008 | 10:39 PM ET
    Natural Gas

    Origin Energy, an Australian energy producer and retailer, advised shareholders to reject a $13.1 billion bid from British gas company BG Group and reiterated its coal seam gas reserves position. 

  • Asian Stocks Pare Losses as Oil Hits New High Thursday, 3 Jul 2008 | 5:36 AM ET

    Asian markets pared back losses, but were still closed in the red Thursday. Oil set fresh record highs and fears that stagflation will continue to hurt earnings and consumer spending dogged investors.

  • Australia Boasts Trade Surplus on Resource Boom Wednesday, 2 Jul 2008 | 11:03 PM ET

    Australia's trade deficit came in much as expected in May, but April's shortfall was revised to show the first surplus since 2002 thanks to huge price increases for the country's iron ore exports.

  • Asian Markets Slide, South Korea Sheds 2.5% Wednesday, 2 Jul 2008 | 7:37 AM ET

    Most Asian markets stayed firmly in negative territory Wednesday, led by Seoul's 2.5 percent slide as persistently high oil prices and their impact on economies remained the key theme keeping investors worried.

  • Westpac May Need Cash to Clinch St George Deal Wednesday, 2 Jul 2008 | 12:01 AM ET
    A branch of the Westpac Bank in Sydney, Thursday, Nov. 2, 2006. Westpac Banking Corp., Australia's fourth-biggest bank reported a record net profit of $3.071 billion (US$2,333.96 billion) for the 2005/06 year, up 13.8 per cent. (AP Photo/Mark Baker)

    Australia's Westpac Banking Corp may need to add cash to save its estimated A$14 billion ($13.6 billion) all-stock takeover of St George Bank as a sharp slide in Westpac sharessparks unrest among the smaller bank's investors.

  • Australia May Retail Sales Rise on High Food Prices Tuesday, 1 Jul 2008 | 11:22 PM ET

    Australian retail sales rose well past expectations in May, pointing to consumer resilience in the face of higher living costs and challenging the official view that interest rates were high enough to curb domestic demand.

  • Australia's Just Cuts Forecast, Shares Drop Tuesday, 1 Jul 2008 | 10:04 PM ET

    Just Group, an Australian clothes retailer, cut its earnings forecast for the 2008 financial year by as much as 12.6%, hit by sluggish consumer demand, but said it still rejected a takeover bid from billionaire Solomon Lew.

  • Asian Markets Slip on Economic Fears Tuesday, 1 Jul 2008 | 5:12 AM ET

    Asian markets were weaker Tuesday as investors continued to fret about the economic impact of high oil prices. Japan, South Korea and Australia all finished lower.

  • RBA Holds Rates Steady, Counts on Slowdown Tuesday, 1 Jul 2008 | 1:40 AM ET

    Australia's central bank held interest rates steady at a decade high on Tuesday, citing  growing evidence that past hikes were working to cool demand and curb inflation in the long run.

  • High Oil and Inflation Woes Hurt Asian Stocks Monday, 30 Jun 2008 | 4:55 AM ET

    Asian markets were mostly lower Monday, with Japan and Australia both closing down. Skyrocketing oil prices remained the key theme as investors worried over the impact of record oil prices on the health of the global economy.