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Perth and the Pilbara region will soon be connected to southeast Asia by a new fibre optic network. Fujitsu Australia and Trident have struck a deal to develop the network. Trident installs sub-sea cable systems. The proposed underwater link will run from Perth via Onslow in the Pilbara, then onto Jakarta and finally, to Singapore. Now, it's hoped the network will improve telecommunications services in the remote parts of Australia.
The Indian Rupee has hit a record low against the US dollar, despite recent efforts to prop1 up the currency. Earlier this week, India's central bank put further restrictions2 on the amount of money that companies as well as individuals can send out of the country. Well, that had little impact and the Rupee fell to 62.03 to the dollar. India's economy has seen a sharp decline in recent months, largely because of a slowdown in its manufacturing and services sectors3.
The central bank of Switzerland says the loan it granted to bailout troubled bank UBS five years ago has been repaid. Now, the development means UBS can now buy back the once toxic4 assets taken out of the bank at the height of the financial crisis. These assets, worth over 42 billion dollars at the time of the bailout, have since become profitable. UBS is Switzerland's largest bank and says it plans to buy the assets back.
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1 prop | |
vt.支撑;n.支柱,支撑物;支持者,靠山 | |
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2 restrictions | |
约束( restriction的名词复数 ); 管制; 制约因素; 带限制性的条件(或规则) | |
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3 sectors | |
n.部门( sector的名词复数 );领域;防御地区;扇形 | |
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4 toxic | |
adj.有毒的,因中毒引起的 | |
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