Oceania

US, Australia Introduce Uncrewed Underwater Manta Ray Drone

A new underwater drone has successfully completed its first trial, showcasing its ability to navigate through the depths of the sea without being detected.


Australia: Small Plane with 3 Aboard Takes Emergency Landing in Newcastle Airport Without Landing Gear After Burning Off Fuel

A small plane with failing landing gear landed safely after nearly four hours of circling a regional airport...

RBNZ Expects 2.3% Drop in New Zealand’s Q2 Inflation Rate

The Reserve Bank of New Zealand is expected to report a drop in its second quarter 2024 interest rates, which could be estimated to be at 2.3%...

Prominent Australian Businessman Dies After Head Repeatedly Hit With 'Blunt Object' Inside Home; Killer Still on the Loose

A man brutally beaten in his home in Queensland, Australia, before dying in a hospital 10 days later, has been identified as prominent businessman Jim Hill, and his killer is still on the loose...


Latest News

Chevron seeks to exit Caltex Australia with $3.6 billion stake sale
U.S. energy firm Chevron (CVX.N) is seeking to sell its entire stake in Caltex Australia Ltd (CTX.AX) for about A$4.6 billion ($3.6 billion), exiting Australia's biggest refiner after nearly 40 years
Australia kicks off $39 billion submarine tender
Australia has invited Germany, France and Japan to pitch for a contract to build its new submarine fleet, kicking off a contentious A$50 billion ($38.8 billion) project which has become a political fo
BHP $13 billion spin-off South32 plans cautious approach to growth
BHP Billiton has put far less debt than expected into its $13 billion South32 spin-off, positioning the company formed from its unloved assets to weather tough markets and still pay a dividend.
NZ's Fonterra buys stake in China's Beingmate for $553 million
New Zealand's Fonterra Co-operative Group Ltd (FCG.NZ) said it paid $553 million for a near 20 percent stake in China's Beingmate Baby and Child Food Co. Ltd (002570.SZ), as it looks to boost its pres
Bain-backed MYOB to file for $2.3 billion Australia IPO by end-March: sources
Bankers running the expected A$3 billion ($2.29 billion) initial public offering of Australian software firm MYOB Ltd, owned by Bain Capital, plan to file a prospectus for the sale by end-March, two p
KKR, Varde and Deutsche buy GE Capital consumer finance arm for $6.3 billion
A consortium of private equity firm KKR & Co LP (KKR.N), alternative investment manager Varde Partners and Deutsche Bank (DBKGn.DE) has agreed to buy GE Capital's Australian and New Zealand consumer l
New Zealand firms see slump in China demand for infant formula after poison threat
Chinese demand for New Zealand infant formula has fallen after a threat by suspected environmental activists to contaminate the product with an agricultural poison, the head of an exporter group said
Dollar at 12-year peak on euro, emerging markets spooked
The U.S. dollar climbed to multi-year peaks against the euro and yen in Asia on Tuesday amid starkly diverging outlooks for interest rates globally, while currencies from emerging markets came under m
Australia backs farmers on foreign ownership gripes
The Australian government has sided with farmers who say official data vastly underestimates foreign ownership of the nation's farmland, as it moves to clamp down on overseas purchases of agricultural
Layoffs and empty streets as Australia's boom towns go bust
When Probo Junio got a visa to work in Australia, he thought he had won a ticket to the good life. In 2013, the 45-year-old boilermaker left his hometown of Cebu in the Philippines, where he was getti
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