Australia and Pacific Islands Business News

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Opposition Debate Australian Carbon Reduction Laws

Opposition Lawmakers Decide Whether Australian Greenhouse Gas Reduction Measures Become Law (AP) CANBERRA, Australia (AP) - Australia's government took a key step toward passing legislation to curb greenhouse gas emissions by...

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JAL Slumps; Resources Gain

By SHRI NAVARATNAM AND WEI-ZHE TAN SINGAPORE -- Asian stock markets were mixed Tuesday with Japan Airlines slumping on concern over its restructuring plans and resource shares higher on recent gains in commodity prices....

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Grain futures close lower Monday

CHICAGO, Nov. 23 (UPI) -- Grain futures closed lower on the Chicago Board of Trade Monday despite a weekend rally in oil prices and a strong opening to the week on Wall Street. Corn was off 3 3/4 to off 4 1/4, soybeans were off...

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TEXT-NZ regulator warns power companies over behaviour

WELLINGTON, Nov 24 - The Commerce Commission has issued a formal warning to two energy companies alleged to have attempted to engage in anti-competitive conduct during the purchase by tender of a power station near Nelson in...

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2. Billionaire Ananda, Khazanah in Aussie Internet TV venture

PETALING JAYA: Billionaire T. Ananda Krishnan, together with Khazanah Nasional Bhd, are reported to have invested in an Australian Internet TV company called Fetch TV. According to The Australian newspaper, the investment could...

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Freddie Mac says losses related to Taylor, Bean bankruptcy 'could be significant'

Minnesota business by the numbers See Minnesota's top earning companies, CEOs and non-profits NEW YORK - Mortgage finance company Freddie Mac said Monday it could lose $500 million or more as a result of the bankruptcy...

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Woodside says output to dip in 2010

Woodside Petroleum Ltd's production will fall in calendar 2010 due to the sale of its majority stake in the Otway gas project in Victoria, but this should not substantially impact its earnings, chief executive Don Voelte says....

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8. Proton's profit up from higher sales and bigger mart share

SHAH ALAM: Proton Holdings Bhd reported a higher profit and revenue during its second quarter as the company sold more cars and enjoyed cost savings from the consolidation of its sales and vendor network.

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6. Lukewarm debut for TA Global

KUALA LUMPUR: TA Global Bhd made its debut on the Bursa Malaysia main market yesterday, the same day its holding company TA Enterprise Bhd was listed 19 years ago on the main board, closing at 47.5 sen, down 5% from its offer...

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5. Research houses optimistic on local stock market

PETALING JAYA: The current corporate earnings season so far has yielded more upgrades than downgrades from analysts, and Bank Negara confirmed last week that the country is well on its way out of recession by the year-end.

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