Wealth management firm AMP tossed its new $14 billion cash and scrip bid to buy AXA Asia Pacific Holdings, in a coup deal that analysts believed would be given the nod once the AXA-APH board convenes this week.
Australian stocks have ignored a weak offshore lead and are instead being supported by a raft of company news in early trade.
Bankers said today media reports claiming that Australia's banks have won an exemption from tough new international rules are incorrect.
Commonwealth Bank of Australia (ASX: CBA), the country's top lender, has posted cash earnings of $1.6 billion for the three months to September. That compares with $1.4 billion reported a year-ago and hits the $1.6 billion average forecast of analysts.
Giant resource firm BHP Billiton Ltd formally announced on Monday that it is withdrawing its $US45 billion takeover bid for Potash Corporation of Saskatchewan Inc, re-echoing the earlier claims of the Canadian government that provisions of its offer sheet could not come to terms with the net benefit requirements of the Investment Canada Act for the deal.
U.S. stocks sank Friday, ending a lackluster week as investors already on edge about global growth prospects became concerned that China could take steps to brake its economy's expansion
The University of Michigan preliminary reading on US consumer sentiment rose from 67.7 to 69.3 in November - marking the highest reading since June.
The National Australia Bank (NAB) today confirmed that its standard variable home loan interest rate would increase by 0.43% pa with a rate of 7.67% pa compared to CBA’s rate of 7.81% and ANZ’s rate of 7.80%.
Ten Network Holdings Limited (ASX: TEN) today announced it has extended the contract of Grant Blackley, CEO - Television, for an additional period of two years, to 31 August 2013.
Local stocks moved backwards in afternoon trade, as futures markets suggested a negative night on Wall Street due to investor jitters over the outcome of the G20 summit.
Xstrata’s $3 billon Wandoan open-cut coal project in southern Queensland won the conditional approval of the state authorities on Friday, paving the way for a federal review which would eventually give the last say on whether the exploration is a go.
National Australia Bank (ASX: NAB) is the latest among the country's major banks to lift rates above central bank levels.
Lease and housing rentals in Australia's capital cities are likely to increase annually between 3 to 7 percent in the next two to three years, reports said.
Bow Energy Ltd (ASX:BOW), an Australia-based company engaged in oil and gas exploration and in discovery and commercial production of coal seam gas (CSG), announced today it has successfully completed a placement of 42.1 million ordinary shares to Institutional and Sophisticated Investors at $1.15 per share to raise $48.4 million.
Andrew Thomas, owner of the "XSport Games" trademark, lost his infringement case launched by media giant ESPN Inc against him and is now prohibited from organising and staging the sports spectacle anytime soon.
Retail giant Myer Holdings Ltd admitted of a slight sales slip in the first quarter of fiscal 2011 but it reported that the company’s net profit is projected to rise by up to 10 percent for the rest of 2010/11.
Giant telecommunication firm Telstra Corporation called the attention of its shareholders on Thursday, warning them of two unsolicited share offers pushed forward by National Capital Corporation Pty Ltd, which was previously punished in 2008 by corporate regulators.
Mining stocks are helping to lift the Australian share market, which is trading flat at lunchtime in the East following a negative start in the wake of a weak lead from Wall Street.
Continuing its expansion in Tasmania, grocery giant Woolworths Ltd (ASX: WOW) on Friday said it now has a new distribution centre in the state.
Fairfax Media intends to cash it on its popular news websites The Age and The Sydney Morning Herald to further propel revenues in the near term.
Australia's mining giant BHP Billiton is seen targeting oil and gas producer Woodside Petroleum Ltd. to make up for its failed bid for Canada's Potash Corp., a report by Morgan Stanley said.
Tomago Aluminium, a joint venture between global companies Rio Tinto Alcan, Gove Aluminium Finance Ltd (CSR and AMP) and Hydro Aluminium, has signed an 11-year base-load power supply contract with Macquarie Generation, securing the company's power supply until 2028.
Food and dairy company Goodman Fielder (ASX:GFF) formally scrapped plans to sell its $240 million edible fats and oils business to food group Cargill after the Australian competition regulator continued to oppose the deal.
Amidst media reports that its A380 fleet would be out of action for the whole duration of the summer holidays, Qantas Airways refused to shed light on the swirling speculations, claiming that the airline never released any such timeframe.
U.S. stocks declined Thursday, led by the technology sector, after a dismal outlook from Cisco Systems prompted a broad market selloff.
The group of G20 nations may agree on steps to introduce quantitative targets for macroeconomic policy targets according to Russian Finance Minster Alexei Kurdin. Targets are expected to help transition to more flexible global exchange rates.
Australian stocks made a recovery today as robust Chinese economic data spurred investor sentiment around the region.
XStrata Plc was able to secure a controlling stake equivalent to 51.12 percent in Sphere Minerals, while remaining rival China-backed Sin-Tang continues to tighten its grip in its shares in the company top up its holding.
Queensland’s ongoing state asset sales is expected to fetch some $15 billion to be added on the state government coffers though authorities maintained that the total haul would not be known until the float of QR National has been fully accomplished.
Electronic Arts (EA) and Lucasfilm Ltd had forged an updated global publishing agreement for "Star Wars: The Old Republic."
