Woolworths Ltd. reported losses amounting to AUD $139 million stating it was spiked by weak sales and high start up costs.

Coal India considered 3 Australian acquisitions. According to a source who was familiar with the matter, "Coal India is examining three proposals from Australia.

The Royal Bank of Scotland announced their intention to sell their Australian Schools Portfolio. The Royal Bank of Scotland PLC announced that they are seeking a buyer for a unit that manages and maintains 11 schools in the Victoria state of Australia.

While many currencies have floundered, the Canadian dollar has provided great returns to investors. As the recent weeks have showed, many global currencies have been buffetted by volatile trade as well as the uncertainty as to the next decision of the US Federal Reserve as to its stimulus programs.

Balfour Beatty Plc created a venture with Sydney Water for Au$150 million water projects in Australia.

Noble Group Ltd weighed bid for Western Desert Resources Ltd, an Australian iron-ore miner. Noble Group Ltd. , a Singapore-headquartered trader of commodities, was considering a bid for Western Desert Resources Ltd.

Falcon Oil & Gas Ltd. acquired Sweetpea's 24% minority interest or 50 million shares in Falcon Australia.

Indonesia's cattle industry is receiving a long-awaited backing from Australian investors. After more than four years of wooing, the Indonesian cattle industry has successfully acquired much needed love from Australia.

Australia's Brambles planned to spin off Recall Holdings. Brambles Ltd. has announced a revival of a previous plan to exit Recall Holdings. Recall Holdings, a data management business, would then be listed on the Australian Securities Exchange (ASX).

John Garland created an 888 Fund which aims to attract the wealthiest investors in Asia. (Photo : Reuters)This is an Australian dollar. John Garland, a businessman from Perth, Australia, formed an investment fund in an attempt to attract Asia's wealthiest investors to the Australian market.