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Adani signs deals to sell 2/3rd of production from Oz mine

Last Updated: Thursday, May 21, 2015, 19:30

Adani Mining has signed contracts with buyers for selling nearly two-thirds of the coal it plans to produce from Carmichael mine in Australia.

Strides buys Aspen's Australia drug assets for A$380 mn

Last Updated: Thursday, May 21, 2015, 14:46

Strides Arcolab on Thursday said it will acquire South Africa's Aspen Pharmacare's portfolio of branded and generics products in Australia for about Rs 1,910 crore.

Adani signs deals to sell 70% of production from Oz mine

Last Updated: Thursday, May 21, 2015, 12:21

Adani Mining has signed contracts with buyers for selling nearly 70 percent of coal it plans to produce from its USD 16.5 billion Carmichael mine in Australia.

Australia targets multinationals in tax crackdown

Last Updated: Monday, May 11, 2015, 11:38

It also outlined proposals to force companies selling digital products, such as streamed content and e-books, to pay a goods and services tax.

Australia`s central bank revises down growth forecasts

Last Updated: Friday, May 8, 2015, 10:29

The bank said underlying inflation, measured at about 2.25% to 2.5% over the past year, was expected to remain within its 2.0 to 3.0% target.

Australia's jobless rate ticks up to 6.2% in April

Last Updated: Thursday, May 7, 2015, 08:33

The seasonally adjusted April data matched analysts` expectations, although economists had forecast 4,000 jobs to be added to the economy.

Australia's central bank cuts interest rate to 2%

Last Updated: Tuesday, May 5, 2015, 10:42

Annual core inflation was 0.6 percent in the three months to March to take the year-on-year rate to 2.35 percent, which is within the RBA`s two to three percent inflation target band.

ANZ Bank interim net profit up 3%

Last Updated: Tuesday, May 5, 2015, 08:28

ANZ`s cash profit, which strips out one-off and other items and is a measure often preferred by financial institutions, jumped five percent to Aus$3.7 billion in the six months to March 31.

Australia's Westpac H1 net profit flat

Last Updated: Monday, May 4, 2015, 08:51

Despite the flat result, which was slightly below expectations, the Sydney-based lender lifted its interim dividend to 93 cents per share.

China overtakes US as Australia`s largest foreign investor

Last Updated: Friday, May 1, 2015, 11:37

China`s total investment in Australia for 2012-13 was at Aus$15.8 billion, which had made it the third-largest investor behind the US and Switzerland, with the European nation`s spending driven by a Aus$15.8 billion splurge in mining.

FTA talks with India may conclude by year-end: Australia

Last Updated: Friday, April 24, 2015, 19:20

Australia on Friday said that negotiations with India on free-trade agreement are on track and expected to be concluded by the end of the year.

Australia inflation remains soft, keeping rate cut door open

Last Updated: Wednesday, April 22, 2015, 09:07

Australian consumer prices rose 0.2 percent in the three months to March, data showed Wednesday, with the annual headline inflation rate softening to give the central bank room to cut interest rates.