Australia

Ikea's performance in Australia once again disappointed the Swedish furniture giant.

Uber, the ride-sharing service provider is once again raising the price on the New Year's Eve to cope with the increasing demand.

Nzone, the Queenstown skydiving company has been acquired by Skydive the Beach, an Australian firm for $17 mi

A2 Milk, the Auckland based company that markets milk with different protein variants which is supposed to have health benefits is planning to raise $43 million via a share placement and purchase plan. Few months back the company shelved its plans of raising equity at a time the largest of its shareholders articulated interest of a full takeover.

The Australian government has showed little interest in renewable energy resources and still remains greatly dependent on the coal and gas fuelled electricity generation.

Looking at the apathy to move on to cleaner Meridian Energy, New Zealand's wind power expert company sees little or no opportunities for building and new generation there anywhere in the near future.

Yesterday, as China allowed the yuan to drop at the fixing the Australian and New Zealand dollars also faced the jitters.

But with some assurance from the central Bank of China that will not allow the yuan to drop to shore up the economy, both the currencies bounced back a little on Thursday.