Rio Tinto scraps Malaysian aluminium smelter deal
KUALA LUMPUR: Resources giant Rio Tinto and a Malaysian partner have scrapped plans for a $2 billion aluminium smelter in Borneo over problems agreeing power supply terms, its local partner said.
Australian mining boom 'first taste' of Asia's rise
SYDNEY: Australia's mining boom is just the "first taste" of Asia's ascendancy, Treasurer Wayne Swan said Wednesday, with the region's new prosperity expected to transform the global economy.
Italy blames Germany, France for euro debt crisis
TOKYO: Italian Prime Minister Mario Monti on Wednesday said the root of Europe's debt woes lay partly in the irresponsible parenting of Germany and France during the bloc's infancy.
Euro rangebound amid lack of trading pegs
TOKYO: The euro moved narrowly in Asia afternoon trade on Wednesday while the dollar weakened against the yen as investors looked for fresh trading pegs.
Asian markets mostly off after weak Wall St lead
HONG KONG: Asian markets edged lower Wednesday following a slip on Wall Street and on profit-taking after the previous day's strong showing.
Fiji seizes control of Air Pacific from Australia's Qantas
SUVA: Fiji's military regime said it had seized control of national carrier Air Pacific from Australia's Qantas on Wednesday because it did not want foreigners to own or control Fijian airlines.
News Corp accused of Australian piracy plot
SYDNEY: Rupert Murdoch's News Corp. Wednesday faced a fresh barrage of allegations over its conduct, with an Australian newspaper claiming it had a secret unit that promoted pirating of pay-TV rivals.
Myanmar to float currency on Apr 1
YANGON: Myanmar will overhaul its complex exchange rate system to allow a managed flotation of its currency from April 1 as part of the new government's economic reforms, state media announced on Wednesday.
Potential Facebook investors warned of Yahoo! lawsuit
SAN FRANCISCO: Facebook on Tuesday warned potential investors that a patent lawsuit against the company by Internet pioneer Yahoo! could deliver a significant blow to its business.
Apple offers to refund Australian iPad customers
SYDNEY: US tech giant Apple on Wednesday offered to refund Australian customers who felt misled by advertising about 4G capabilities on its new iPad, reports said.
Apple chief meets officials in China
BEIJING: Apple's new chief executive Tim Cook has held talks with officials in China, the US tech giant said Tuesday, the workshop of its products but where its operations have faced difficulties.
Las Vegas Sands to decide on 'Eurovegas' in April or May
MADRID: Las Vegas Sands will decide in April or May whether it will build a casino strip in Madrid or Barcelona, the company's president said in an interview published Tuesday in Spain.