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Australia

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  • Australia's September Inflation Rise, Rate Increase Eyed Thursday, 27 Sep 2007 | 10:04 PM ET

    Inflation in Australia accelerated to the top of the central bank's comfort zone in September, a private survey suggested on Friday, keeping the door open for yet another rise in interest rates.

  • Macquarie Bank to Acquire Canada Broker Orion Wednesday, 26 Sep 2007 | 10:43 PM ET

    Australian investment bank Macquarie Bank will buy Canadian investment and brokerage firm Orion Financial for about $146 million in cash and stock.

  • Woodside Sells Mauritania Assets to Petronas Wednesday, 26 Sep 2007 | 9:05 PM ET

    Australia's Woodside Petroleum said on Thursday it will sell its Mauritanian assets to Malaysian state-owned oil and gas company Petronas as it looks to focus on more lucrative LNG projects.

  • BHP Billiton Upgrades Olympic Dam Ore Resource Wednesday, 26 Sep 2007 | 12:59 AM ET

    Global mining giant BHP Billiton on Wednesday upgraded the size of its total ore resource at the giant Australian Olympic Dam uranium, copper and gold mine by 75% to 7.7 billion tons.

  • Australia's David Jones Year Profit Jumps 35% Tuesday, 25 Sep 2007 | 7:45 PM ET

    Upmarket Australian retailer David Jones said on Wednesday its full-year profit climbed 35% on strong winter sales, and confirmed its outlook for an 8% -13% rise in profit in the current year.

  • Australia's Sigma Cuts Outlook, Shares Plunge Wednesday, 19 Sep 2007 | 10:32 PM ET

    Australian drug maker and distributor Sigma Pharmaceuticals cut full-year  forecasts for the second time in three months on Thursday as regulatory changes hit profits, sending its shares plunging as much as 15%.

  • SP Ausnet Plans to Buy Alinta Assets for $6.96 Billion Wednesday, 19 Sep 2007 | 8:48 PM ET

    Australian infrastructure firm SP Ausnet said on Thursday it has agreed with Singapore Power to buy some assets of energy firm Alinta for $6.96 billion.

  • Australia Government Warns Banks Not to Raise Home Rates Wednesday, 19 Sep 2007 | 12:59 AM ET

    Australia's Treasurer Peter Costello on Wednesday warned the country's major banks not to raise their mortgage rates to maintain margins in the face of higher borrowing costs in markets.

  • Australia's Coles Full-Year Profit Is Little Changed Tuesday, 18 Sep 2007 | 7:51 PM ET

    Australian supermarket chain Coles Group, the target of an $15.8 billion takeover bid, said on Wednesday its full-year profit was little changed from a year earlier, as grocery earnings stalled.