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Nov 14, 2010

Push for Asia fund regime gathers pace | Financial & Forex Info | The Australian Business Briefing






Push for Asia fund regime gathers pace
Funds management Blair Speedy A PROPOSAL to create a uniform regulatory regime for Asia's $2.7 trillion fund management industry has won widespread industry support.
 
OneSteel in first major overseas swoop
OneSteel EXCLUSIVE: Brett Clegg OneSteel is to purchase the steel grinding unit of AngloAmerican for $US930 million.
 
Australasia's excellent adventure begins
Australasia Advisory Group Jennifer Hewett, National affairs correspondent FIRST put the right people together. Then find the right assets. The money will follow.
 
Bidders charge ahead in electricity sale
Power station sale Rebecca Urban BIDDING on the NSW government's multi-billion-dollar power sell-off remains on track to close today.
 
BoQ boss sees hope in bank debate
David Liddy Richard Gluyas BANK of Queensland boss David Liddy's dream of creating a strong second-tier lender like St George Bank seems beyond realisation.
 
Foreign investment rules should be eased
OECD Teresa Ooi THE government should relax foreign direct investment regulations, the Organisation for Economic Co-operation and Development says.
 
How Leighton dodged Dubai disaster
Laurie Voyer Lyndal Crisp TWENTY-EIGHT days after arriving in Dubai to take over as chief executive of Al Habtoor Leighton Group, Laurie Voyer smelt trouble.
 
Snowy Hydro boss with the flow
hydro electric Teresa Ooi Rick Holliday-Smith has carved himself a cosy three-day working week that will be the envy of many bosses still running companies 24/7.
 
Financial Markets
Ireland denies pressure for EU bailout
aus bus pix ireland Nicholas Winning IRELAND hasn't been in discussions for a rescue package from the European Union, the country's trade minister said today.
 
Dollar dives in broad market sell-off
Wall St slumps on China rates worries
 
Financial Markets Coverage
 
Mining & Energy
Anglo confirms asset sale to OneSteel
Steel pipes Devon Maylie ANGLO American confirmed today it has agreed to sell its Moly-Cop and AltaSteel operations to OneSteel for $US932 million ($943m).
 
Persistence pays for Sandfire
China fears hit gold futures
 
More Mining & Energy Coverage

Prime Minister has done well in the world summits at Seoul and Yokohama. | FINANCIAL & FOREX INFO NEWS (F & F I N ) | The Australian Capital Circle



Capital Circle Newsletter



PM grows on the world stage
In Seoul and Yokohama, Julia Gillard had a real baptism in leader-to-leader meetings.

The view from the summits - Dennis Shanhan's take:
Dogged by perceptions of not performing well on her first trip to Asia, compared with Kevin Rudd and suffering from an admission she wasn't "passionate" about foreign policy, the Prime Minister has done well in the world summits at Seoul and Yokohama.
Gillard has built a personal rapport with US President Barack Obama, unambiguously stated Australia's position on having troops in Afghanistan, reinforced the primacy of the US relationship, made progress on free trade talks with South Korea, balanced contact between China and Japan and unashamedly pushed for even more free trade.
She has also set out to dampen expectations about international progress towards a price on carbon and is trying to tie foreign policy to positive domestic outcomes. There is no global campaigning for Gillard on climate change, just a focus on how to sell the policy in Australia.
Phillip Coorey's take: "For somebody who said in Belgium that she did not have a passion for foreign affairs, she is adapting quickly. Over the past week she has been acutely aware of how she is being perceived at home and there has been a sensitivity within her delegation to domestic criticism that she is something of a stumblebum abroad ... By and large her mistakes abroad have been few and, her supporters argue, her achievements undersold.
The news from the sidelines: THE APEC forum has finished far sooner than expected after the 21 economies meeting in Japan agreed to work harder to lower trade barriers to try and lift global growth.  Japanese Prime Minister Naoto Kan announced the leaders had decided at the two-day economic summit in Yokohama to "move forward with trade".
And the that chat with Obama? : In an interview
Read more...

Market Watch: Special Financial Services: Israel Stocks

MarketWatch
SPECIAL  FINANCIAL  SERVICES
 
Israel Stocks: Israel stocks off; energy firms’ reporting eyed
 
By Robert Daniel MarketWatch

Israel stocks fell broadly on Sunday, led by the energy, real-estate and biomedical stocks. 

NYT: Morning Business News.- Asia-Pacific Leaders Vow to Work for Freer Trade.


BUSINESS:

Zagat Survey Aims to Regain Its Online Balance

By RON LIEBER
The founders of Zagat Survey hope that the rise of apps will help prove its pay model correct.

Can Microlending Save Haiti?

By DANIEL COSTELLO
Since the January earthquake, microbanks are struggling to keep credit flowing to Haitians who depend on loans to remain self-sufficient.

Asia-Pacific Leaders Vow to Work for Freer Trade

By THE ASSOCIATED PRESS
The leaders endorsed a blueprint for future growth that calls for pushing ahead with free trade agreements and rolling back protectionist measures.