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Shareholders support Asian bid for Australian food group

Last Updated: Thursday, February 26, 2015, 12:32

Shareholders of Australian food group Goodman Fielder on Thursday voted overwhelmingly in support of an Aus$1.34 billion (USD1.05 bn) takeover bid by an Asian consortium, the company said.

SBI to soon take call on Adani's $1 billion loan for Australian project

Last Updated: Tuesday, February 17, 2015, 15:46

State Bank of India is in the process of completing the due diligence for the controversial USD 1 billion (Rs 6,200 crore) loan to Adani Group for its Australian mining project and take a final call on it soon.

Australia`s jobless rate jumps to 12-year-high 6.4%

Last Updated: Thursday, February 12, 2015, 08:33

The Australian Bureau of Statistics said full-time employment dropped by 28,100 in January and part-time employment was up 15,900.

Australian Greens to move notice of motion in Senate on Adani project

Last Updated: Wednesday, February 11, 2015, 13:33

Australian Greens plans to move a notice of motion to the Senate, seeking a probe into the ownership structure of Indian mining giant Gautam Adani's 16 billion dollar coal development project in Queensland state.

Australian LNG to cost nearly half the price of Qatar gas

Last Updated: Tuesday, February 10, 2015, 15:43

India will start importing natural gas (LNG) from Australia by end of the year at a rate which will be about 40 percent less than the price of its current shipments from Qatar on a long-term contract.

China's yuan breaks into the world's top five as payment currency: SWIFT

Last Updated: Wednesday, January 28, 2015, 10:13

China`s yuan broke into the top five as a world payment currency in November, overtaking the Canadian dollar and the Australian dollar, global transaction services organisation SWIFT said on Wednesday.

Australia's jobless rate slips but remains at decade-high 6.1%

Last Updated: Thursday, January 15, 2015, 09:12

Some 37,400 positions were added last month, with full-time jobs soaring by 41,600 as part-time roles eased by 4,100, the Australian Bureau of Statistics said.

NMDC's Australian arm appoints Rakesh Gupta as CEO

Last Updated: Thursday, December 25, 2014, 21:05

"Gupta will be paid remuneration of USD 250,000 per annum inclusive of Superannuation, with an initial three month probation period ... ," the filing said.

SC appointed judge not yet onboard KG-D6 arbitration

Last Updated: Monday, December 22, 2014, 15:26

Supreme Court appointed former Australian judge Micheal Kerby has so far not accepted becoming the presiding arbitrator in the KG-D6 cost recovery dispute as Oil Ministry hasn't given its no-objection.

Adani, POSCO tie-up for new terminal in Aus to export coal

Last Updated: Wednesday, December 17, 2014, 16:48

Adani Group's Australian subsidiary today said it has signed an MOU with a South Korean steel giant for the construction of a new strategic terminal at Abbot Point coal port to export high-quality coal globally at competitive rates.

More job losses ahead as 175 Australian govt agencies face scrap

Last Updated: Saturday, December 13, 2014, 10:13

Australia's government warned of further job losses on Saturday as media reports said around 175 government agencies working in areas as diverse as Antarctic science and drought will be scrapped.

Australia's unemployment rate hits 12-year high

Last Updated: Thursday, December 11, 2014, 11:04

Unemployment edged up to 6.3 percent as 42,700 jobs were added to the economy, the Australian Bureau of Statistics (ABS) said. The figure is up from 5.8 percent last November.