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Business 31 Mar 2015 | 12:00 AM

Australia looks at GST in planned tax overhaul

SYDNEY: Australian Treasurer Joe Hockey hinted at changes that could force digital companies like Apple Inc, Google Inc, Alibaba Group Holding and Uber to pay more tax on transactions that take place in Australia.

Business 07 Jan 2017 | 12:00 AM

All eyes on Empire City

SEA Games ice hockey and figure skating to be held in the mall’s ice skating rink.

Business 23 Oct 2013 | 12:00 AM

Australia to raise debt limit to A$500bil

SYDNEY: Australia’s new conservative government plans to raise its debt ceiling by two-thirds to A$500bil (US$483bil), according to Treasurer Joe Hockey, heading off concerns the country could reach its limit before Christmas.

Business 16 Jul 2014 | 11:03 AM

Aussie Govt may bypass Senate if unpopular budget remain stalled in chamber

SYDNEY: Australia's conservative government may seek to bypass the Senate if its unpopular budget measures remain stalled in the chamber, Treasurer Joe Hockey warned on Wednesday, as a showdown festers over its foundering austerity agenda.

Business 17 Sep 2014 | 12:00 AM

Swiss company maintains close ties with sports

For many years, Tissot has been the timing partner for a multitude of major sports among which are MotoGP, ice hockey, cycling, the International Basketball Association games and the Fencing World Championships.

Business 10 May 2013 | 10:22 AM

Feds sideline billionaire Falcone from fund business

NEW YORK: One-time star money manager Philip Falcone will be barred from starting another hedge fund for two years as he winds down his existing fund and returns money to investors, under a preliminary deal with securities regulators to settle fraud and other charges that was made public on Thursday.

Business 16 Oct 2012 | 12:00 AM

Rinehart's $10bil Roy Hill iron ore construction start seen mid-2013

SYDNEY: Australian billionaire Gina Rinehart's $10-billion Roy Hill iron ore project aims to start construction on its Australian mine in mid-2013, later than hoped, as assessments by potential lenders stretch into next year, the project's spokesman said on Tuesday.

Business 29 Nov 2013 | 11:02 AM

Australia spurns ADM's $2.6 bln GrainCorp takeover, shares tumble

SYDNEY: Australia rejected a A$2.8 billion ($2.6 billion) takeover of GrainCorp by U.S. agribusiness giant Archer Daniels Midland (ADM) on Friday, bowing to pressure from grain growers in a rare and surprising decision.