Australia

Australia says to sell Medibank in December listing

Australia said on Friday it will sell health insurer Medibank Private in an initial public offering in December, in a sale expected to fetch about A$4 billion ($3.74 billion) and make 2014 the country's biggest year of new listings.


Funds could face market curbs after lobbying backfires

Fund managers may face tougher scrutiny by global regulators than planned after their intense lobbying against a first proposal backfired, industry sources and G20 officials said.

Australia's Qantas, Virgin allow smartphones throughout flights

Australian airlines Qantas Airways Ltd and Virgin Australia Holdings Ltd said passengers can use smartphones and tablets throughout flights from Tuesday after a regulator relaxed a ban on electronic devices on planes.

Dollar in demand as stimulus talk dogs euro, yen

The dollar marched higher against the euro and yen on Monday as investors wagered that interest rates were set on a diverging course in the United States, Europe and Japan, giving a lift to Tokyo stocks in the process.


Latest News

The Queen + Adam Lambert tour, featuring the "American Idol" alumni and Queen legends Brian May and Roger Taylor, has officially started in June, and will continue until the end of August. Find information on venues and tickets below.
Toilet paper and tampon maker Asaleo Care Ltd will raise A$656 million ($616.6 million) in Australia's second-largest initial public offering (IPO) of the year after pricing its offer near the middle of an indicative range, two people familiar with the matter said on Tuesday.
Alison Hardacre, co-founder and managing director of HealthKit, a Melbourne-based startup and owner of both the HealthKit Twitter handle and the healthkit.com website expressed disappointment over Twitter on Apple's use of its company name in its new product.
Perth, Australia-based publicly listed firm Liquefied Natural Gas (LNG) Ltd secured $49.5 million in a placement of 90 million shares to its Australian and new US investors at $0.55 apiece for development of its Magnolia LNG facility.
Mining tycoon Andrew Forrest acquired Perth, Western Australia-based beef processor and exporter Harvey Beef for an undisclosed amount through his company Minderoo, and announced expansion plans for the newly-acquired firm.
Elance-oDesk has launched in Australia after seeing the country with much potential for industry growth basing on its recorded adjustment per capita of 235 percent increase in online hiring.
Melbourne, Australia-based payments startup Aston Club took home $1.5 million in its seed funding round led by Chris Morris of Computershare to launch a mobile app that helps users pay their bar and restaurant bills.
New Zealand-based customer relationship management (CRM) software startup MyWave bagged NZ$2.5 million in an oversubscribed first funding round to develop its product and customer base before its 2015 listing on the New Zealand Stock Exchange.
Melbourne, Australia-based animal therapeutics developer Nexvet Biopharma scored $31.5 million in a funding round from investors and shareholders to expand its product portfolio and clinical program for pets' health.
Canberra, Australia-based cloud computing services provider CloudCentral bought the intellectual property of San Mateo, US-based software firm DEY Storage Systems for an undisclosed amount in lieu of paying for third-party storage services.
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