HSBC’s Profit Soars

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HSBC more than doubled its profit in 2010, mostly the result of lower bad-loan charges, but the bank reported higher costs and lowered its target for return on equity.



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Demand for Senior Care Spurs Deals

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Ventas agreed to acquire rival Nationwide Health Properties for $5.8 billion, the biggest deal yet in a string of acquisitions by publicly traded health-care real-estate companies in recent months.



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India Budget to Help Microlenders

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India’s finance minister announced the creation of a 1-billion rupee ($22 million) equity fund for microfinance institutions, a step that will provide the much needed financial support to smaller players.



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Australia Retail Sales Rise, Manufacturing Grows

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Australian retail sales were stronger than expected in January while the country’s manufacturing sector grew for the first time in five months during February, boosted by new orders and restocking.



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Building Safety Probed in Christchurch

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Codes that determine building safety in New Zealand have provoked debate among experts who say many buildings weren’t properly reinforced after last year’s earthquake.



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Gaddafi aide ‘to talk to rivals’

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Move comes as deputy foreign minister says the government could use force if “all other attempts are exhausted”.

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China Manufacturing Slows

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China’s official Purchasing Managers Index fell to 52.2 in February from 52.9 in January, the third consecutive month in which the PMI, a measure of manufacturing activity, fell compared with the previous month.



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Jane Russell dies

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Discovered by eccentric tycoon Howard Hughes, her glamorous style hid a talent for comedy.

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‘Tiger’s blood’ Charlie vents

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Two mistresses, one speed and tired of pretending he’s not “a total frickin’ rock star from Mars”.

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Green: it’s a dining concept

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Sydney’s newest pop-up restaurant is relentlessly on-message, says reviewer Terry Durack.

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