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Global banks eye Shanghai IPO prize

HSBC headquarters in Hong Kong

HSBC and Standard Chartered are leading a pack of bankers raring to go as non-Chinese companies eye the prize of an IPO in Shanghai.

Intel profit skyrockets 167pc

The Hub - Intel Chip

IT giant Intel posted its best earnings ever last year as businesses and consumers snapped up processors for networks and mobile devices.

Shanghai eases private equity rules

Shanghai skyline

SHANGHAI will make it easier for foreigners to invest in the private-equity sector, allowing investors to bypass tough Chinese restrictions.

Twitter aims for independence

Dick Costolo

TWITTER aims to become an independent company funded solely through advertising, but has not yet considered flotation, the CEO has revealed.

Duke Energy to buy $US13bn Progress

The Hub - electricity grid

DUKE Energy is close to a deal to buy Progress Energy in an all-stock merger that would value its smaller rival at more than $US13 billion.

'Sun King' bids for solar funding

Zhengrong

ZHENGRONG Shi, who funded his studies in Sydney by waiting tables, is now worth $4bn and behind a massive solar-power bid.

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Also in The Australian Today

Two arrested in iPad security breach

TWO hackers have been arrested for allegedly illegally gathering email addresses and other personal information of about 120,000 iPad users.

Canberra to get dedicated space museum

CANBERRA is set to get a dedicated air and space museum following the signing of an agreement between the ANU and the world famous Smithsonian Institute.

Insurers set up flood assessment panel

AN independent panel of hydrologists is being set up by the insurance industry to make standardised flood assessments for suburbs and towns in Queensland.