In the first stage of its plan to sell a third of its stake in country’s major telecommunications company, the Australian Government has sold A$4 bln (or $3bln) worth of shares in Telstra Corp Ltd t

Australian finance, insurance, and banking corporation, Suncorp-Metway Ltd (Suncorp) and the insurer Promina Group Ltd (Promina) have announced a Merger Implementation Agreement (MIA) through which it is propounded that Suncorp will takeover all of Promina’s ordinary shares for roughly A$7.9 billion.

Chicago's two major futures exchanges, Chicago Mercantile Exchange Holdings Inc. and Chicago Board of Trade Holdings Inc. yesterday announced that they have entered into a definitive deal worth $25 billion to merge the two organizations to form the most extensive and diverse global derivatives exchange.

RWE AG, one of the leading European electricity and gas companies, has agreed to sell Thames Water Holdings plc better known as "Thames Water" to the Macquarie-owned consortium, Kemble Water Limited i

Britain's Sportingbet Plc, one of the world's largest e-gaming operators, has sold its US sports betting and casino businesses for $1, just before a day the US government is likely to enforce a law ba

Apparently impressed with the MasterCard Inc.’s move last May to go public, Visa, the world's largest credit card payment system, has announced yesterday its plans to restructure its organization to create a new company and then sell shares in an initial public offering (IPO).

Enthusiasts from around the world are getting a chance to take part in Yahoo’s time capsule project that is aimed to celebrate and understand life and global culture in 2006. The process to store worldwide multimedia submissions has been started by Internet search giant, Yahoo! from today (Tuesday).

In a move to combine two major airlines of Ireland for adding routes to US and increase overall passenger numbers, Ryanair, an Irish airline headquartered in Dublin on Thursday launched a 1.48-billion

Thailand on Thursday officially raised the curtain of its much anticipated new international airport, with all commercial airlines transferring operations to the airy and expensive new hub. After numerous hiccups, the airport was opened for limited service on 15 September 2006, and opened for all commercial flights today, after the project was originally conceived in 1960.