Considering anyone living in London is grateful to get a garden big enough to swing a cat – being able to comprehend the amount of open space available in Central Australia is not easy.

Sydney: Chinese and other overseas investors in Australia’s major resource companies should limit proposed stakes to no more than 15% to improve their chance of winning approvals for deals, a regulator said.

A merger of Qantas and British Airways must involve control of the “Flying Kangaroo” remaining in Australia, officials in the country insisted today, as Qantas shares surged on hopes a deal would see it emerge a stronger competitor to big regional rivals like Singapore Airlines.

The biggest bloodstock deal in the history of Australian racing is set to proceed by Friday after Darley’s takeover of Woodlands was given final approval.