Fairfax Sells Remaining Trade Me Stake

Fairfax Media Ltd., Australia’s second-largest newspaper company, sold its remaining 51 percent stake in Trade Me Ltd., the New Zealand online auction site, for A$616 million ($650 million).

Mongolia Reaches Agreement With IMF
22:55 - Mongolia reached an initial agreement with the International Monetary Fund for a three-year program that includes a $440 million loan package as part of a $5.5 billion bailout to help the north Asian country with looming debt repayments. IMF Mission Chief to Mongolia Koshy Mathai explains the agreement on "Bloomberg Daybreak: Asia." (Source: Bloomberg)
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