UPDATE: JAPAN GOVERNMENT APPROVES TEPCO SUPPORT BILL 

The Japanese government on Tuesday approved a bill to help Tokyo Electric Power Co. pay compensation to those affected by the accident at the Fukushima Daiichi nuclear plant, helping to soothe concerns over the utility's financial condition that have pushed its shares to all-time lows. (published 0133 GMT)

 
 
UPDATE: QANTAS SUSPENDS NZ, SOME AUSTRALIA FLIGHTS DUE TO ASH CLOUD 

Australia's two largest airlines made different decisions on how to deal with a volcanic ash cloud on Tuesday, with Qantas Airways Ltd. continuing to suspend some flights but Virgin Australia Ltd. resuming all services. (published 2341 GMT)

 
 
IAG ASSESSING IMPACT OF RECENT NZ EARTHQUAKES ON FY GUIDANCE 

Insurance Australia Group Ltd said Tuesday that it's too early to assess whether earthquakes in New Zealand on Sunday will impact its annual margin guidance. (published 2321 GMT)

 
 
HASTIE GROUP PLANS UNDERWRITTEN A$160M EQUITY RAISING 

Building technical services company Hastie Group Ltd. said Tuesday it plans to launch an underwritten 160 million Australian dollar equity raising to repay bank debt. (published 0058 GMT)

 
 
TERRITORY RESOURCES BOARD UNANIMOUSLY RECOMMENDS NOBLE GROUP'S CASH OFFER 

The board of Territory Resources Ltd. recommended its shareholders accept a cash offer by Noble Group Ltd. to buy the remaining shares of the Australian miner that Noble doesn't already own, unless a rival South African bidder comes up with a better proposal. (published 0025 GMT)

 
 
KOREA EXPRESS STAKE SALE DEADLINE CHANGED TO JUNE 27 FROM JUNE 29 - SOURCE 

The main shareholders of Korea Express Co. will collect the final bids for the sale of a controlling stake in the logistics company by June 27 in a revised schedule, a person familiar with the deal said Tuesday. (published 0051 GMT)

 
 
S KOREA FSC WON'T ALLOW KDB FINANCIAL TO BID FOR WOORI FINANCE - FSC OFFICIAL 

South Korea's government won't allow state-owned KDB Financial Group to bid for a majority stake in Woori Finance Holdings Co., an official at the Financial Services Commission said Tuesday, news that deals a heavy blow to the Woori auction. (published 0111 GMT)

 
 
OLAM INTERNATIONAL EXTENDS CLOSING DATE FOR OFFER TO BUY NZ FARMING SYSTEMS TO JUNE 29 

Olam International Ltd. said Tuesday it has extended the closing date for an offer to buy all the shares in NZ Farming Systems Uruguay Ltd. that it doesn't already own to June 29 to give shareholders more time to consider the proposal. (published 0107 GMT)

 
 
UNITED FIBER SYSTEM GETS S$166.8M HOUSING CONTRACT IN SINGAPORE 

United Fiber System Ltd. said its unit has been awarded a building contract worth S$166.8 million from Impac Holdings Pte Ltd., a member of the City Development Limited Group, for the construction of condominium in Singapore. (published 2320 GMT)

 
 
HEARTLAND NEW ZEALAND TO PURCHASE PGG WRIGHTSON'S FINANCE UNIT 

Finance company Heartland New Zealand will purchase the finance unit of PGG Wrightson as it grows its portfolio ahead of becoming a bank, the newly formed Heartland said Tuesday. (published 0128 GMT)