Serious politicians should choose their words carefully says Russian Prime Minister, Dmitry Medvedev, in response to the Australian Prime Minister announcing he would "shirtfront" Putin.» Read More
China's yuan jumped against the dollar in early trade on Wednesday to its highest since its 2005 revaluation after the central bank set a much higher reference rate for the Chinese currency.
Rio Tinto, the world's second-largest mining group, will increase its stake in Ivanhoe Mines once the Mongolian government approves Ivanhoe's Oyu Tolgoi project, a senior executive said on Tuesday.
The dollar climbed against the euro Tuesday to two-month highs as rising U.S. Treasury yields lured investors.
The New Zealand dollar tumbled from a 22-year high versus the U.S. dollar on Monday after selling by the Reserve Bank of New Zealand raised concerns about how much longer carry trades would continue.
New Zealand's competition regulator said on Friday it would not allow two suitors for The Warehouse Group to make takeover bids, sending shares in the retailer sliding as much as 8%.
The Australian dollar rose to a fresh 17-year high on Thursday after the second straight month of stronger-than-expected domestic jobs data fuelled concerns the central bank might increase interest rates in the near term.
New Zealand's largest-listed retailer, The Warehouse, said on Thursday it has not had any takeover offers, denying reports Australia's Woolworths had made a $1.6 billion bid.
Australian employment surged way past all expectations for a second straight month in May, driving the jobless rate to 33-year lows and fuelling concerns the drum-tight labor market would eventually stoke inflation.
New Zealand's central bank raised interest rates on Thursday by a quarter of a point to 8%, the highest among industrialized countries, saying it was worried robust consumer demand would further fuel inflation.
Australia's economy grew at its fastest pace in over three years last quarter as consumers spent freely and business investment surged, boding well for further growth in coming quarters.
Australia's trade deficit was less of a drag on the economy than first thought last quarter, adding to a raft of evidence that growth was picking up sharply and underlining the risk of higher interest rates in the longer run.
Rupert Murdoch's News Corp. will return to Australia's benchmark S&P/ASX 200 Index from the close of trade on June 15, 2007, global index provider Standard & Poor's said in a statement on Friday.
Morgan Stanley's real estate unit agreed to buy Australia's Investa Properties for $3.9 billion on Thursday, the nation's third-largest property trust takeover.
Private equity firm Bain has pulled out of a consortium looking at buying Australia's Coles Group, a source said on Thursday, raising questions about the financial firepower of the remaining three members of the group.
Australian retail sales expanded at their slowest pace in almost a year in April as shoppers pinched pennies after three months of heavy spending, though analysts argued the outlook for consumption remained strong.
Shares in Australia's Coles Group fell nearly 4% on Tuesday after private equity group Kohlberg Kravis Roberts pulled out of a consortium planning to bid for the retailer.
Australian hospital operator Healthscope formally launched a $2.3 billion bid for Symbion Health on Tuesday, backed by two private equity firms.
Private equity group Kohlberg Kravis Roberts said on Monday it had withdrawn from a consortium looking at bidding for Australian retailer Coles Group. CVC, another private equity group, said earlier that it had pulled out of the consortium after conducting due diligence.
Commodities trader Olam International raised its takeover offer for Australia's Queensland Cotton to as much as A$166.5 million, beating a A$150 million rival bid from Louis Dreyfus Commodities.
Shareholders in Australia's APN News and Media rejected $2.5 billion takeover offer from Tony O'Reilly's Independent News and Media on Friday.