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October, 27, 2016

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Business > Asia > Australia
Australian logistics giant Asciano said Tuesday it was recommending an AU$9.05 billion (US$6.8 billion) takeover deal between two rival local and international suitors, breaking up the company's ports and rail assets.
Oil extended its decline in Asia Tuesday as hopes faded that major crude producers would freeze output to ease a world surplus, sending Brent crude back below US$40.
Miramax, the film studio behind hundreds of hit movies including "Pulp Fiction" and "Chicago," has been sold to the Doha-based BeIN Media Group, the companies announced on Wednesday.
Oil prices will recover as new investment by drillers is slashed: IEA
Oil prices will more than double by 2020 as current low prices lead drillers to cut investment in new production and gradually reduce the glut of crude, the head of a group of oil-importing countries said Monday.
The Australian government is tired of having unemployed people say cannot they take a job because it may interfere with their golf plans or dreams of becoming an actor.
The Zimbabwean government will now control all mining in the diamond-rich Marange area, after mining companies were ordered to halt all operations because their licenses have expired, the mining minister said Monday.
HSBC '15 profit dips as it warns of bumpy financial outlook
HSBC warned of a "bumpier" global financial outlook thanks to China's slowing economy, as it reported Monday that profit dipped slightly last year.
A massive, 404-carat diamond measuring more than 7 centimeters (2.7 inches) in length has been unearthed in the southern African nation of Angola, an Australian mining company said.
US$100 mil. lawsuit against Venezuela under way
A U.S. federal trial over a US$100 million investors' lawsuit against Venezuela includes allegations of fraud, hints of an international criminal conspiracy, and references to diamonds, German junk bonds and a mysterious house fire in Switzerland.
Hong Kong, Seoul stocks sharply lower after holidays
Asian stocks shuddered again Thursday, led by sharp drops in Hong Kong and South Korea, which were catching up to global market turmoil after being shut for Lunar New Year holidays.
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