International
Large rate cut likely as pressures dive
AAP | 01:08PM
The Reserve Bank of Australia (RBA) could slice a further full percentage point off the official cash rate tomorrow after new data showed price pressures receding rapidly.
General Motors eyes debt swap
Reuters
General Motors Corp is pushing some bondholders to swap their debt for equity, as chief executive Rick Wagoner tries to keep the automaker out of a Chapter 11 bankruptcy that would likely cost him his job, The Wall Street Journal reported, citing people familiar with the plan.
MYOB says investors should reject takeover bid
AAP
Accounting software company MYOB Ltd says it is in discussions with "a range of parties" about possible takeover bids, as it urges shareholders to reject a takeover bid from Manhattan Software Bidco as undervaluing the company.
Report dismisses Microsoft-Yahoo deal
Reuters
A report in the Sunday Times that Microsoft Inc is in talks with Yahoo Inc to buy the US internet company's online search business for US$20 billion is "total fiction," according to a key executive cited by an influential US blog.
More International Stories
- Bidders circle troubled UK Woolworths
- Babcock seeks to extend suspension
- St George bosses put to the knife
- Brits who count mulling euro - Barroso
- ArcelorMittal to cut up to 9,000 jobs
- Big ECB cut seen as euro zone optimism tanks
- Aust grain companies eyeing merger - paper
- Daimler may cut work week at four German sites
- Holden mum on new car speculation
- China's economic downturn deepens
- Panasonic 'to cut profit forecast 30pc'
- Volcker named to head markets panel
- EU urges 170b euro stimulus plan
- Saks moves against possible takeover
- Jobs at risk as MFI and UK Woolworths falter
- Wall St rallies on tech rebound, GM and energy
- China slashes rates as EU plots stimulus
- US banks tipped to write down US$44b in Q4
- Merkel pushes for WTO agreement
- GM, Ford shares jump on bailout outlook
- US unveils fresh financial rescue plan
- US stocks rise on Fed optimism
- AIG head's salary to be US$1
- Life insurers line up for bailouts
- Aust retailer David Jones sees difficult conditions
- US economy shrinks at record pace
- BHP Billiton drops $121b bid for rival
- Oil drops nearly 7 percent
- US rescues Citigroup with $37b in capital
- Harvey Norman sees 31.5pc drop in Q1 profit
- Qantas cuts profit forecast, capacity
- UK Govt cuts VAT to 15 percent
- Wall St soars on Citi rescue
- FTSE posts record rise
- Drive a bargain...only one careless owner
- White House 'unaware of any Citigroup rescue talks'
- Air NZ crash speculation 'destructive'
- Heidi Klum's 'bag of teeth' shocks TV host
- Mary-Kate Olsen reportedly pregnant
- Outrage over students using park for sex
- Drunken mayhem in Christchurch 'shocking'
- Whale 'stranding' a ruse
- Cyclist who died in mountain bike event named
- Cops hail cannabis haul
- Dating experts slam Jennifer Aniston
- Flutey gets his black jersey - Nonu's one
THINGS LOOK GRIM, COBBER: Australian manufacturing activity dropped to an all-time low in November as new orders faltered, according to a report out today.
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Trapped Kiwis freed from terror hotels
Three New Zealanders are known to be safe after being trapped in their Mumbai hotels by Islamist militants, as a siege at two hotels and a Jewish centre in the city continues amid gunfire and more deaths.
China's Shaolin Temple kicks off expansion plan
China's birth place of kung fu, the Shaolin Temple, has taken over the management of four Buddhist temples in southwest China in a move criticized by some Internet users for mixing capitalism with religion.