AUSTRALIA

Google to expand Wave testing, eyes Wave store

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Google Inc's highly anticipated real-time communications service is not ready for prime time, but the company said on Tuesday it was on track to begin the biggest field test yet of the potentially groundbreaking Google Wave.
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Asia shares rise, yen falls after FinMin speaks

Asian shares rose on Tuesday as news of several multi-billion dollar takeover bids overseas boosted confidence in a global economic recovery, while the yen slid after Tokyo hinted currency intervention could be an option in some cases.
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Oct flu vaccination to be a little bumpy: U.S.

A top U.S. health official says the first weeks of October are going to be a little bumpy as the government distributes the supply theswine flu vaccine ready next week -- knowing it will not be enough.
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Bunge seen most likely partner for Australia's AWB

U.S. agribusiness giant Bunge Ltd heads a list of potential joint venture partners for Australia's AWB Ltd, because of ties fostered by some Australian staff once employed by AWB, industry sources said.
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Australia's Myer to raise up to $2 billion in IPO

Myer, Australia's largest department store chain, plans to raise up to $2 billion in a share offering that will test investor appetite for retail stocks and may encourage other IPOs in the sector.
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Australia court allows claims against Lehman

An Australian court has ruled that local governments can pursue financial claims against collapsed U.S. investment bank Lehman Brothers in Australia and elsewhere, a firm that is funding the litigation said on Monday.
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U.S. doubles early supply of swine flu vaccine

U.S. health officials said on Thursday more than 6 million doses of H1N1 swine flu vaccine will be available the first week of October, twice as many as they expected only a week ago.
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ING sells Australia wealth JV for 1.1 billion euros

ING will sell its 51 percent stake in a wealth management joint venture to partner Australia and New Zealand Banking Group (ANZ) for 1.1 billion euros ($1.6 billion) as the Dutch group slims down through asset sales.
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Technology report released at Griffith symposium

Technology such as mobile internet devices and virtual realities will have a profound impact on educational institutions over the next three years, according to a report released at a Griffith University symposium today (September 25).
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Canwest shares leap on news of Network Ten sale

Shares of Canwest Global Communications Corp, Canada's biggest media company, jumped more than 75 percent on Thursday after it announced it would sell its stake in Australia's Network Ten television network for more than C$630 million ($578 million).
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China again fails in bid for Australian resources

China's efforts to gain a greater stake in Australia's resource industry suffered a new setback on Thursday when a Chinese miner dropped a $400 million bid for a controlling stake in an Australian rare earths miner.
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Newspapers' pain presents opportunities for marketers

Elitism, atrophy, complacence and a resistance to new ideas: MediaCom's Strategy Director Philip Phelan didn't mince words when he pronounced the cause of the newspaper's deteriorating health at the MBS Marketing Association's event Who Killed the Newspaper? this month.
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Nomura's Schiffman sees bumpy recover in Asia

While Asia's economy has recovered from the lows hit a year ago, a bumpy road is ahead, with companies needing to shed debt burdens and increase capital bases, according to Nomura's Asia Pacific investment banking head.
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Asia stocks at 13-month high

The dollar slid to a one-year low against a basket of currencies as market players seized on surprisingly strong New Zealand economic growth data as a reason to push the kiwi dollar higher and dump the U.S. currency.
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Dollar hits 13-month low, Asia stocks push higher

The dollar slid to a 13-month low against a basket of currencies as market players seized on surprisingly strong New Zealand economic growth data as a reason to push the kiwi dollar higher and dump the U.S. currency.
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Daily Commentary - 23/09/2009

The Aussie dollar roared higher yesterday having rallied almost 2% from its lows below 86 cents on Monday. Despite no local economic data released demand for the relatively high yielding AUD resurfaced following some better than expected data from across the Tasman. The New Zealand economic data saw Asian investors scramble to purchase both NZD and AUD against the Greenback, a theme that continued into early European trade. This morning sees the AUD open trade around its highs at 0.8730 having o...

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