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August, 28, 2016

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Business > Asia > Australia
Shares in mining giant Glencore soared in afternoon trade Monday in Hong Kong following reports of talks on selling its agriculture business, but the firm said it was unaware why its stock had risen so sharply.
 
Kellogg buys up Egyptian cereal firm for US$50 mil. with sights set on Africa
Kellogg said Monday that it bought Egyptian cereal company Mass Food Group for US$50 million as it seeks to boost its presence in Africa.
 
Australian consumer confidence has jumped following the ouster of the country's unpopular prime minister last week by a moderate rival.
 
Travelers using Australia's international airports faced delays Monday and were warned of more to come as immigration and border force workers went on strike over pay and conditions.
 
Australia's trade minister called Monday for Indonesia to set an annual quota for cattle imports to bring more certainty for Australian exporters and ease tensions between the neighbors on the issue.
 
Australia's next generation of submarines could be built locally, Defense Minister Kevin Andrews has hinted, reversing plans reportedly favored by former prime minister Tony Abbott to buy the vessels directly from Japan.
 
Rangers overtake Astros for 1st in AL West, 6-5
Adrian Beltre and Prince Fielder teamed up again in a tense Texas showdown, and this time the Rangers overtook the Houston Astros for first place in the AL West.
 
Australia's unemployment rate fell to 6.2 percent in August with thousands of new jobs created, official data showed Thursday, as the economy continues to shift away from a massive resources investment boom.
 
EBRD forum tries to attract more Taiwanese investment
A European Bank for Reconstruction and Development (EBRD) business opportunities briefing was held yesterday in Taipei in an effort to attract more Taiwanese investment in four developing markets.
 
Australia's city of Newcastle, New South Wales, which claims the world's biggest coal export port, said Wednesday it will pull money out of fossil fuel industries as it invests in more sustainable enterprises.
 
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