The Australian government supported UK based SABMiller’s agreement of 11.5 billion Australian dollars or 11.2 billion USD to acquire Foster’s Group Ltd. based upon foreign acquisitions law, on conditions to retain the brewing venture within Australia. The endorsement by the government was the final & mandatory authoritarian condition to be fulfilled ahead of the vote [...]

A China based industry group of game developers proclaimed Monday that it has sued Baidu.com Inc. (BIDU) for over 30 million yuan or 4.7 million USD for breaching the copyright act, a latest controversy for the internet giant. The union of games developers for mobile devices, known as Content Provider Union (CPU) has charged Baidu [...]

As European debt troubles increased the possibility of yet another recession, businesses in the region doesn’t reflect signs of slowing down as the earnings growth is all set to top their United States counterparts. In the Stoxx Europe 600 Index, the net income for corporations will increase by 10.5% in the next year following an increase [...]

November 22, 2010: Apple Inc. introduces a new range of applications which would allow its users to lock and locate their missing devices. The new revise, iOS 4.2 has multitasking features and folders that are required to organize the application. It had also been available on the iPhone and iPod touch to the iPad. Steve [...]

The Australian dollar extends the most weekly loss since August on Europe Debt on speculation some European countries would try to repay bondholders who triggered declines in assets that yield high. However, it had been reported that the currency of Australia traded below par along with the greenback for a second day as consistent declines [...]

Due to the prospects of the limited amount of quantitative easing provided through the Federal Reserve of the US helped to lift the dollar against other major currencies of the world. There was sharp decline in the Australian dollar post the coming of Australian inflation data in a slightly manner than been expected. This further [...]

On his visit to China amidst all the speculations, the U.S. Treasury Secretary Timothy F. Geithner said that the US expects Chinese Yuan  would keep on adding strength to its stability as it was felt to be the need for both domestic growth and global economic stability. In an interview with Bloomberg Geithner seemed to [...]

October 24, 2010: The preliminary verdict after this weekend’s G-20 meeting is: Expect continuous declines in the dollar.  Without any solid steps to keep away from destabilizing “currency wars”, strategists and investors say there is no particular reason to end up selling dollars. Analysts mentioned the dollar will likely test its record low of 79.75 [...]

24th October, Bloomberg: In a path breaking decision over the currency war, a group of 20 finance chiefs, have affirmed that they are in no intensions of weakening their currencies in order boost exports as they were concerned about world economy and trade as a whole. They in a combined tone said that the exchange [...]

Yen strengthened by car makers and electronic goods’ manufacturers when cut the outlook for export earnings drastically affected the stocks of Japan. For instance, Toyota Motor Corp. that gets over 70 per cent of its sales overseas retreats 1 per cent. Another famous camera company, Canon Inc. is reported to lose 0.9 % while Shionogi [...]