NAB (National Australia Bank Limited) has said talks over the possible divestment of AXA APH’s (AXA Asia Pacific Holding) Wealth.net arm were still on-going just several hours before the exclusivity deal of NAB over its $13.3 billion offer lapses.
China's GDP grew an annualised 10.3% in the second quarter, below consensus.
The Australian sharemarket is currently trading slightly lower with the All Ordinaries index (XAO) down 0.20pct or 8.5pts to 4468.8 at lunch.
International fast-fashion brand Zara is heading for Australia next year, according to parent Inditex, one of the world's largest retail clothing group based in Spain.
The latest ING Investor Dashboard Sentiment Survey shows Australian investment sentiment fell sharply in the June quarter.
Jetstar Airways, which yesterday announced its first direct flights between Australia and the New Zealand resort town of Queenstown, has called for an end to requiring passports for travels between the two countries.
BigAir has a dominant share of a microwave market which both challenges and compliments Australia's planned fibre network.
The International Monetary Fund (IMF) urged the Japanese government on Wednesday to continue its policy of curtailing Japan’s ballooning debt by finally imposing the controversial consumption tax hike as it stressed that fiscal reforms policy should ideally commence next year with the sales levy setting its footprint on the economy in a gradual pace.
U.S. stocks closed mixed Wednesday, with the Dow industrials just managing to extend their recent winning streak, as an upbeat forecast from Intel Corp. vied with more disconcerting views on the U.S. economy from retailers and the Federal Reserve.
A mixed bag of comment from Rio Tinto in its second quarter and first half production report issued yesterday.There was ...
A mixed bag of comment from Rio Tinto in its second quarter and first half production report issued yesterday.There was ...
The federal government is now forecasting a $3.1 billion budget surplus in three years' time, larger than the $1 billion...
And, after a couple of weak months, consumer confidence has rebound strongly in July.The Westpac-Melbourne Institute Con...
Singapore enjoyed better than expected economic growth in the second quarter, according to government data published yes...
AGL Energy's move to buy explorer Mosaic Oil NL for around $130 million for a big hole in Queensland will succeed.AGL w...
The week-long rally found some profit-takers last night as the Fed poured cold water on recovery enthusiasm. Dow up 3. (Locked for subscribers until 10:00 AEST)
The mining sector gained $7.5bn in the Gillard government's remodelled tax, according to new figures that unveiled Treasury significantly undervalued earnings from the resource super-profits tax (RSPT).
US retail sales fell by 0.5pct in June after a 1.1pct fall in May. Excluding autos, sales fell 0.1pct. Economists had tipped a 0.2pct fall in sales (ex autos unchanged).
CSR's newly-sold sugar and renewable energy business, Sucrogen, through its joint venture, Sugar Australia, has signed an Agreement with GLG Life Tech Corporation for the distribution and marketing of its stevia extract products as an ingredient to the food and beverage sector.The distribution agree...
Australia's biggest companies are happy to make their lending bank their main bank, according to new data compiled by finance researcher East & Partners.
On Monday, Ajinomoto announced that the two companies were to join forces to develop products that are low in sugar and salt and that meet consumer demand to manage weight.Kellogg has insisted its tie-up with Ajinomoto will give the US cereal giant "some great opportunities" to combine its product p...
Australian banking major NAB, which is embroiled in an acquisition attempt of AXA Asia Pacific Holdings (APH) has said that negotiations taking place over the proposed asset divestment of APH’s Wealth.net platform were still continuing, despite the fact that the lenders exclusivity agreement with ...
New regulations and poor sentiment could well push borrowing costs for banks even higher in the next few months. However according to CBA treasurer Lyn Cobley, the outcome would depend on the results of European bank stress tests.Ms. Cobley who acts as treasurer for the largest bank in Australia, as...
Qantas Airways Ltd said on Wednesday that it is stepping up the deliveries of the airline’s ordered Boeing 787 Dreamliners by about two years, with the first eight B787-8 series aircrafts to be received by the middle part of 2012.
Australians are now seeing a brighter economic outlook, having looked past global market gloom and recent interest rate hikes.
US energy company Chevron said on Wednesday that its newest gas discovery in Western Australia’s Carnarvon Basin should buttressed the company’s huge Gorgon and Wheatstone liquefied natural gas exploration projects.
A new survey showed that an estimated 50 percent of Australian households were worrying that interest rates would further increase while only 20 percent were holding expectations that household debt levels would spike in the next few months.
AGL Energy is all set to acquire oil and gas explorer Mosaic Oil NL for $130 million and according to the joint statement released by both companies on Wednesday, Mosaic’s board unanimously pushed for the AGL offer in which the bidder dangled 15 cents per share or 1.01 AGL share on every 100 fully paid Mosaic stocks.
Jetstar, the budget airline, has announced its expansion of the airline’s services in Queenstown by more than 50 per cent, with twice a week services from Melbourne to the Gold Coast by the middle of December.
Gold, though little changed in early Asian trade, is seen to lose its shimmer and prices may reach the $1,200 per ounce because investors are now keener to invest in other riskier assets.
