Sigma Pharmaceuticals Ltd has downgraded its profit forecast for the full year by around 31 percent as it strives to convince Aspen Pharmacare to up its takeover bid worth $A649.73 million ($US573 million).
Netherlands firm Albert Heijn has launched an app for its customers to help them create shopping lists by scanning barcodes of products they are running out of using their mobile phone camera.The app, dubbed Appie, also sorts the groceries on the lists according to the walking route in their local A...
French retail giant Carrefour has signed an agreement to acquire 51% of Chinese hypermarket operator Baolongcang.The founders of Baolongcang, one of the main hypermarket operators in Hebei, near Beijing, will keep a 49% stake in the 11-store chain.The acquisition has been approved by local competiti...
Reaching 11 million tonnes in the three months to the end of June, exports of iron ore by Fortescue Metals Group (ASX:FMG) climbed 36 per cent from the equivalent period last year.
Cotton On, the clothing firm based in Victoria, has paid back about $300,000 to thousands of workers that have been underpaid.
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.
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.
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.
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).
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.
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.
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.
Nufarm has announced a trading halt again this day in expectance of a profit downgrade this afternoon.
The Opposition has called for the sacking of Peter Garrett, Minister for Environment Protection, over restraints that will delay Queensland’s coal gas projects.
Australia's coal exports rose 10.1 million metric tons in June, as more demand from steel-making countries Brazil and India raises demand, according to data posted on the North Queensland Bulk Ports Corp.'s website.
A multitude of family members and friends came together to bid mining magnate Ken Talbot farewell at a funeral service held at St John's Cathedral in Brisbane this morning.
Rio Tinto Group, Australia's third largest mining firm, reported a lower iron ore production in the second quarter, a statement to the Australian Stock Exchange indicated.
Global miner Rio Tinto has obtained $226.4 million in funding for the expansion of its iron ore operations in Western Australia's Pilbara region.
National Australia Bank’s plan of keeping its standard variable rate lower has earned it a bigger share of the mortgage market.
SABMiller, one of the world's leading brewers, is calling on the brewing industry to improve disclosure on environmental and social impacts.The company is taking a lead by publishing detailed information about the impacts of its own operations around the world, in an online format which allows for g...
The Food and Agriculture Organization of the UN (FAO) is granting free and open access to its central data repository, FAOSTAT, the world's largest and most comprehensive statistical database on food, agriculture, and hunger, the UN agency announced last week.Previously, it was possible to download ...
Nearly half of all Australian households say they worry over the threat of looming interest rate rises, but only 20 per cent say they expect to have to carry increased debt levels in the next few months.According to the results of the latest survey by Dun & Bradstreet, which polled consumer exp...
Australian banking major National Australia Bank (NAB) embarked on a strategy this year of discounting its standard variable rate, is now starting to reap the rewards of the move, as it acquires a larger share of the home loan market.The number of home loans underwritten by Australia’s fourth larg...
Gindalbie Metals Limited, emerging iron mining firm, projects to shell out $80.4 million in developing its Karara development project worth about $2 billion for the third quarter of this year, which is situated at the midwest area of Western Australia.
