Rupert Murdoch's crusade to oust Kevin Rudd in Australia's general election has given rise to a heated social media campaign inside a campaign, as Twitter, Facebook and other digital platforms become the weapons used by some to try to outflank Murdoch's "old media".» Read More
*Announcement due this week but deferred to February 2014- ABC. SYDNEY, Dec 6- General Motors Co has decided to pull out of vehicle production in Australia as early as 2016, local media reported on Friday, in what would be a major blow to the struggling industry.
*Coal accounts for 2.3 pct of Vale's revenue, fertiliser for 7 pct. *Coal 25 percent stake could fetch $1 billion- analysts. LONDON, Dec 5- Brazilian miner Vale plans to sell a 15 to 25 percent stake in its coal operations, including projects and mines in Australia and Mozambique, and has had interest from potential partners including coal buyers, it said on Thursday.
DEARBORN, Mich./ SHANGHAI, Dec 5- Ford Motor Co unveiled its 50th anniversary Mustang sports car in its first global launch on Thursday, with a sleek redesign aimed at enhancing the brand's status outside the United States.
DETROIT, Dec 5- Nearly 50 years after launching its affordable sports car, Ford Motor Co is unveiling a global redesign of the Mustang to try to burnish the U.S. automaker's image and spur sales of its more expensive models. The car will be shown in Dearborn, Michigan, Shanghai, Sydney, Barcelona, New York and Los Angeles.
Dec 5- Australia risks wasting up to A $2 billion of its planned Emissions Reduction Fund if it goes ahead with moves to give big polluters carbon credits based on historical efficiency levels, analysts Reputex said on Thursday.
SYDNEY, Dec 5- Shopping mall giant Westfield Group said on Thursday it would buy the remaining 50 percent interest in New York's World Trade Center for $800 million, which will make the company the sole owner of the shopping mall.
*Exports, US freeze lift Paris wheat to near 7- month high. CHICAGO, Dec 4- U.S. soybean futures were higher on Wednesday, reversing two days of declines, on technical buying despite prospects for a huge soy harvest in South America. Chicago Board of Trade January soybeans were up 9-3/ 4 cents per bushel at $13.29-1/ 2, while December wheat was down 6-1/ 2 at $6.47-1/ 4.
*Exports, US freeze buoy wheat, Paris futures at 7- mth high. CHICAGO, Dec 4- U.S. soybean futures climbed 1 percent on Wednesday reversing two days of declines on technical buying and despite prospects for a huge soy output in South America.
Economic expansion, nuclear plant shutdowns in Japan and South Korea and the shift toward cleaner-burning gas in smog-choked Chinese cities have contributed to rising demand for LNG in Asia, already the top destination for the fuel.
*Wheat edges higher on fresh demand for major buyers. LONDON, Dec 3- Wheat futures edged higher on Tuesday, boosted by fresh demand from major buyers Egypt and Algeria, but gains were capped by improving production prospects in Australia.
*Gold stabilises after 2.6 pct slide overnight on strong U.S. data. TOKYO, Dec 3- Asian shares hit the skids and the dollar stood tall on Tuesday as a batch of upbeat U.S. economic data confirmed the Federal Reserve's inexorable tilt towards reducing its stimulus soon, while the yen sank on talk of further central bank easing.
LAUNCESTON, Australia, Dec 3- Australia's new Liberal government is discovering that it's easier to promise to be business friendly and welcoming to foreign investment than it is to deliver in practice.
*Gold stabilises after 2.6 pct slide overnight on strong U.S. data. The U.S. Institute for Supply Management's index of national factory activity rose in November to its best showing since April 2011, while the pace of hiring also accelerated.
TOKYO/ SYDNEY, Dec 3- The yen wallowed near six-month lows against the dollar on Tuesday, and five-year lows against the euro and sterling due to prospects of the Bank of Japan taking more stimulus steps. The dollar hit 103.165 yen, inching closer to its May 22 peak of 103.74 yen and last stood at 103.10 yen, up 0.2 percent from late U.S. levels.
MELBOURNE, Dec 3- Rio Tinto said on Tuesday the global miner expects to halve capital spending to $8 billion by 2015 from last year's level to cut debt, as commodities' prices remain fragile. To deal with the tougher conditions, the company has stripped out $2.6 billion in costs so far this year, including nearly halving exploration spending to around $850 million.
The U.S. Institute for Supply Management's index of national factory activity rose in November to its best showing since April 2011, while the pace of hiring also accelerated.
Rio also forecast a resurgence in steel demand in China, its biggest customer for iron ore, estimating demand growth at 7.5 percent this year. The world's no.2 iron ore miner plans to cut capital spending to $11 billion in 2014 from just under $14 billion this year, and sees capital spending at $8 billion in 2015..
TOKYO/ SINGAPORE, Dec 3- Shoppers browsing in supermarkets around the world would once have been reassured by a' Made in Japan' tag. The growing list of food scandals could dent Prime Minister Shinzo Abe's push to boost exports of high-end products such as Kobe beef, organic sake and even gimmicky square watermelons.
*Bank of Japan considers options to expand stimulus. NEW YORK, Dec 2- The dollar rallied to a more than six-month high against the yen on Monday on speculation the Bank of Japan may expand its already massive economic stimulus.
*Bank of Japan considers options to expand stimulus. NEW YORK, Dec 2- The dollar climbed to a more than six-month high against the yen on Monday on speculation the Bank of Japan may expand its already massive economic stimulus.