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BAE execs questioned by US investigators: report
LONDON (AFP) - Two senior executives at Britain's largest defence firm, BAE Systems, were questioned by US authorities probing corruption claims over a massive arms deal with Saudi Arabia, the Sun.......
AFP Business News- Sunday May 18, 2008, 8:59 pm

G9's Simmons backs Egan as new chairman
Former NSW treasurer Michael Egan brings skills and experience as the new chairman of the G9 group of telecommunication companies, in its bid for the government's national broadband contract, m.......
AAP- Sunday May 18, 2008, 8:31 pm

Australia's Westpac won't rule out sweetening St George bid
SYDNEY (AFP) - Australia's third largest bank Westpac refused Sunday to rule out increasing its merger offer for St George Bank Ltd as it moves to create the country's largest financial services g.......
AFP Business News- Sunday May 18, 2008, 7:20 pm

Adelaide cabbies rally after bashing, taxi theft
Dozens of taxi drivers are continuing to rally outside the Adelaide Airport in a show of support for a driver who was bashed and robbed overnight. Balraj Singh was punched in the face .......
ABC- Sunday May 18, 2008, 6:00 pm

EBRD focuses on global economic woes at Kiev meeting
KIEV (AFP) - The European Bank for Reconstruction and Development kicked off its annual meeting here on Sunday to discuss the impact of global economic turmoil and soaring food prices in the forme.......
AFP Business News- Sunday May 18, 2008, 5:47 pm

Fortescue wants to stay Australian
Iron ore miner Fortescue Metals Group Ltd executive director Graeme Rowley says the company wants to maintain its majority Australian ownership and stay profitable in the long term."We&.......
AAP- Sunday May 18, 2008, 5:00 pm

Project could force Malays from key state: Mahathir
KUALA LUMPUR (AFP) - Wealthy Singaporean investors may force ethnic Malays from a Malaysian state being touted as a key economic zone, former premier Mahathir Mohamad has warned.Malaysia la.......
AFP Business News- Sunday May 18, 2008, 4:12 pm

Canadian Auto Workers ratify new contract with GM, Chrysler
MONTREAL (AFP) - Canadian Auto Workers (CAW) overwhelmingly approved new labor agreements with General Motors and Chrysler, rounding out the year's contracts with North America's Big Three auto pr.......
AFP Business News- Sunday May 18, 2008, 4:04 pm

Westpac says Gail Kelly a 'great asset'
Westpac Banking Corp chairman Ted Evans says that chief executive Gail Kelly is a "great asset" as the company attempts to buy rival St George Bank Ltd.But Mr Evans said on ABC'.......
AAP- Sunday May 18, 2008, 3:18 pm

Stocks expected to open higher
The Australian stock market is likely to open higher on Monday following gains in commodity prices, including gold, industrial metals and oil, on Friday.The Australian dollar rose to a new 2.......
AAP- Sunday May 18, 2008, 3:01 pm

SKorea military to supervise Daewoo shipyard sale: report
SEOUL (AFP) - South Korean military intelligence officials will monitor the sale of Daewoo Shipbuilding and Marine Engineering, the world's third largest shipyard, a report said Sunday.The .......
AFP Business News- Sunday May 18, 2008, 2:48 pm

Investec Australia eyeing acquisitions
The Australian arm of South African investment bank Investec Group is on the prowl for opportunities thrown up by the credit crunch after it posted a solid annual profit untainted by US sub-prime m.......
AAP- Sunday May 18, 2008, 2:45 pm

Arabian Knights: Al Jaber leaves Austrian Airlines standing at altar
VIENNA (AFP) - It was to have been a marriage made in heaven.When Austrian Airlines and would-be investor, Saudi billionaire Mohamed Bin Issa Al Jaber, announced they were tying the knot in.......
AFP Business News- Sunday May 18, 2008, 2:13 pm

Govt launches underground resource detection device
The Victorian Government has launched a new facility that will help prospectors accurately locate the state's untapped oil, mineral and gas deposits. The so-called 'three-dimensional v.......
ABC- Sunday May 18, 2008, 2:04 pm

Saudi oil output hike would not solve US problems: Bush
SHARM EL-SHEIKH, Egypt (AFP) - US President George W. Bush has said that a hike in oil output by Saudi Arabia would not solve American energy problems."It's not enough; it's something .......
AFP Business News- Sunday May 18, 2008, 1:54 pm


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