AUSTRALIA

A federal judge presiding over a corporate spying suit against News Corp said the company could lose the case worth hundreds of millions of dollars if Chairman and Chief Executive Rupert Murdoch fails to testify about what he knew, according to media reports released Monday.

The State Council of China said on beginning tomorrow, the securities trading tax will decline to 0.1 percent from current 0.3 percent.

By Dan Denning With the housing slump still rolling downhill, the Dollar had just made a record low against the Euro, with the European currency rising above $1.59.

Sugar posted the highest gains in more than four weeks after crude oil surged increasing demand for sugar cane as an alternative source of fuel such as ethanol.

China Coal Energy, the country's No. 2 coal producer, said its 2007 net profit rose 90.35 percent to 5.17 billion yuan due to higher coal prices and increased output.

Boeing Co. has been swamped with compensation demands after it announced the third major delay in six months of its new 787 Dreamliner plane.

India's leading IT service provider Wipro's chairman Azim Premji and biotechnology major Biocon's chairperson Kiran Mazumdar-Shaw are among the forty-eight Asians to feature in Forbes magazine's list of Asia's top philanthropists.

By Sreekumar Raghavan MUMBAI: Why is Tata Power Co Ltd silent even as environmental groups have urged World Bank to rethink about funding the $4.5 bn 4000 MW ultra mega coal powered Mundra...

Wheat advanced following reports that Pakistan will produce less grain than forecasted due to high fertilizer costs that prompted farmers to reduce planting.

By Jon Nadler Gold prices eased into a lower trading channel of from $915 to $926 during the overnight hours, as participants observed an additional rise in the US dollar (72.34 on the index...

Wheat dropped on Monday amid concerns that the world's producers will plant more of the grain to benefit from the high prices.

Commodity Online CANBERRA: Australia on Monday invited bids to explore 35 more offshore areas for petroleum and natural gas.The areas are located across five basins off the Northern Terri...

Commodity Online SYDNEY: Australia s Leighton Holdings on Thursday announced that it has won two contracts worth $1 billion to develop and operate an open cut coal mine in India s Jharkhand...

Asian markets were mixed on Wednesday morning with Japanese shares slipping on stronger Yen prices, while commodity prices helped resource stocks in Australia.

Commodity Online CANBERRA: ONGC on Tuesday awarded the contract to build 200 kms of fixed and flexible pipelines in it s Mumbai High oil field to Australia s Leighton Holdings Ltd.

By Dan Denning The biggest losers will be consumers everywhere. Global monetary policy is entering a new, highly accommodating phase.

Wheat declined after the U.S. Department of Agriculture said that export sales increased by 51 percent last week, increasing forecasts that importers have enough grain until the next harvest begins in June.

Heath Ledger's family quickly responded to rumors on Saturday that his daughter, Matilda Rose, would not be provided for after his death.

The Men in Blue scripted a fairy tale ending to the Commonwealth Bank tri-series tournament in Australia, by notching a historic win in the second final, Tuesday, in Brisbane - beating the world champion host team by 9 runs.

Australian miner Oxiana Ltd launched an agreed A$6.1 billion ($5.7 billion) takeover offer for Zinifex Ltd on Monday, looking to diversify to benefit from booming global minerals demand.

Facebook, the social network site that has enjoyed spectacular international growth in the past year, despite being published only in English until recently, said on Monday it was offering a German version.