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March 28, 2017

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Business > Asia > Australia
A consortium led by Australian investment bank Macquarie on Wednesday made a surprise US$5.5 billion bid for Tatts Group, throwing into question a planned merger between the gambling giant and rival Tabcorp.
 
Second Sydney airport cleared for take off
Sydney is to get its second international airport after the Australian government approved plans Monday, ending decades of indecision over a facility that will initially handle 10 million passengers a year.
 
Australian mining magnate Gina Rinehart and a Chinese consortium won final approval Friday to buy one of the world's biggest cattle estates, ending a lengthy and fraught sale process.
 
Australia's central bank keeps its interest rates unchanged
Australia's central bank held interest rates at a record low of 1.50 percent Tuesday despite a recent run of soft economic data but weak inflation figures kept the door open for future cuts.
 
Huawei releases Mate 9 and Mate 9 Pro
Huawei officially launched its new Mate 9 and Mate 9 Pro smartphones in Taiwan on Monday.
 
Chinese household debt has risen at an "alarming" pace as property values have soared, analysts say, raising the risk that a real estate downturn could send shockwaves through the world's second largest economy.
 
The Ministry of Finance (MOF) has issued a final decision finding steel exporters from six countries, including China and South Korea, in violation of Taiwan's anti-dumping rules by selling their products at unfairly low prices in the local market.
 
Australian banks ANZ and Macquarie on Friday agreed to pay AU$15 million (US$11 million) in fines for trying to manipulate the benchmark rate of the Malaysian ringgit.
 
Fidelity International launches Asian bond fund
Fidelity International (富達投信) has announced the launch in Taiwan of a new Fidelity Taiwan-Asian Total Return Bond Fund.
 
Australia's central bank on Tuesday held interest rates at a record low of 1.50 percent and indicated what analysts called a "wait and see" approach to future monetary policy easing despite a run of soft inflation figures.
 
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