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The competition regulator says there's a good chance Telstra's structural1 separation plan will be approved early next year. The plan will see Telstra split its wholesale2 and retail3 arms to the Australian Competition and Consumer Commission as part of the role out of the national broadband network. The ACCC says the new revised plan from Telstra has addressed many areas of initial concern.
Apple has lost a High Court bid to stop Samsung selling its Galaxy4 tablet computer in Australia. Apple says Samsung's Galaxy range of tablets and smartphones is too similar to its iPad and iPhone. But the High Court has ruled in Samsung's favour, saying arguments from Apple's lawyers had insufficient5 prospects6 of success.
China's rate of inflation has fallen in November to its lowest pace in 14 months. The country's consumer price index rose by 4.2 per cent in the year to November, according to the National Bureau of Statistics. Analysts7 say this creates more room for authorities to ease monetary8 policy and encourage economic growth.
Checking the markets now, local shares finished lower as uncertainty9 continues over Europe. The All Ordinaries index fell 1.7 per cent. The ASX 200 dropped 78 points to 4,203. European markets have closed higher. The FTSE 100 was up 45 points.
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1 structural | |
adj.构造的,组织的,建筑(用)的 | |
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2 wholesale | |
n.批发;adv.以批发方式;vt.批发,成批出售 | |
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3 retail | |
v./n.零售;adv.以零售价格 | |
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4 galaxy | |
n.星系;银河系;一群(杰出或著名的人物) | |
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5 insufficient | |
adj.(for,of)不足的,不够的 | |
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6 prospects | |
n.希望,前途(恒为复数) | |
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7 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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8 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
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9 uncertainty | |
n.易变,靠不住,不确知,不确定的事物 | |
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