Sigma Pharmaceuticals Ltd is considering an updated acquisition offer of 55 cents cash per share, from South African bidder Aspen Pharmacare Holdings Ltd.
A widely monitored construction activity private index takes a turn for the worse this June, ending three straight months of progress.
AgBank, the last of China's big four state-owned banks to go public, is selling 25.41 billion shares in Hong Kong and 22.24 billion shares in Shanghai.
After a year of NBN talks with the Government, Telstra chief executive David Thodey says he now has its sights set on diversifying the business and satisfying unhappy customers.
Xstrata Coal's $186 million of investment in early works and exploration in Queensland, including the $6 billion Wandoan coal project, has resumed after the announcement of a revised resource rent tax, according to the company.
Harvey Norman Holdings is set to deliver a cheque for more than $55 million today to seal the deal involving its takeover of more than 30 branches in the Clive Peeters retail chain.
North Queensland authorities are investigating a case of what seems to be a mass vegetable and fruit sabotage.
As part of its on-going consultation with stakeholders, the European Food Safety Authority (EFSA) today announced its intention to call a meeting in September 2010 with environmental NGOs on its guidelines for the Environmental Risk Assessment (ERA) of Genetically Modified Organisms (GMO).The revise...
The maximum amount of melamine allowed in powdered infant formula is 1 mg/kg and the amount of the chemical allowed in other foods and animal feed is 2.5 mg/kg, according to new rulings from the United Nations' food standards body, Codex Alimentarius Commission.Melamine is a chemical used in a varie...
The life of public floats for the rest of the year has been cast into uncertainty after volatile equity markets claimed the $1.3 billion offer of Bilfinger Berger's Valemus, Australia's second-biggest civil construction company.
Cameron Clyne, chief executive of Australian banking major NABsays he is not opposed to having a debate on whether the government imposing a super-profits tax on Australian lenders.Speaking at a business lunch, Mr. Clyne said that banks suffered perception of "large numbers". Australian banks posted...
Financial planners are fiercely opposing the proposal by the Cooper Review, which would ban commissions on insurance in superannuation, fearing that many clients will not be able to afford a fee which is charged upfront. The Association of Financial Advisers has leveled the accusation against many o...
Xstrata renewed its earlier commitment of spending up to $186 million in canned exploration projects following the government’s decision to dump its proposed resources super profit tax in exchange for the tax deal it forged with giant mining companies.
While Holden has yet to start local assembly of the four-cylinder Cruze model, the company said on Monday that its imported version is already a hit with Australian buyers and in June alone, the becomingly popular car pushed 3000 units out of dealers’ stations, en route to the more than 14,400 units snatched up for the first six months of the year.
Chief Executive Don Matthews, of the Penola Pulp Mill subsidiary, said yesterday that he is confident that construction of the largest ever mechanical pulp mill will become a reality soon.
Boral has identified a new strategic model and has announced its plans of raising $490 million to support investment and reinforce its balance sheet.
Sigma Pharmaceuticals Ltd, Australia’s major drug manufacturer, says it has not been given any formal offer by Aspen Pharmacare of South Africa as of yet, as the latter intends to continue carry out due diligence.
Canegrowers, the sugar lobbyist group, says it is ‘surprised’ about the sale of CSR’s sugar and renewables arm, Sucrogen, to Wilmar International Limited, a company based in Singapore.
Brand-new car sales struck a record monthly high in June, with private buyers returning to the market.
Macarthur Coal has upped its 2009-10 profit guidance today following its post of better-than-forecast sales of coal for the fiscal year.
Toyota Australia said on Monday that it has survived a jittery 12 months and even achieved a $182.3 million profit for the year to the end of March, thanks to much stronger domestic activities following a stale kick off at the beginning of 2010.
Senator Bob Brown on ABC television last night pledged to put the revised tax through a ''very close Senate scrutiny'' with a purpose of studying the repercussions on small business.
Heemskirk Consolidated has defeated Conquest Mining with an $84 million scrip bid for North Queensland Metals.
Germany's Bilfinger Berger has suspended the initial public offering of its Australian business recently named Valemus, citing a weak market.
National Australia Bank and Leighton Holdings are suing the US distributor Warner Bros for $95m in a dispute over the rights to The Matrix.
Multibillion-dollar offers from China, Singapore and Thailand for CSR's Sucrogen and Centennial Coal reflects a rise in Asian interest for a broad range of Australian assets.
CSR Limited has announced the sale of its newly spun-off sugar business, Sucrogen, to Singaporean agribusiness giant Wilmar International, for A$1.75 billion, rejecting previous offers from China's Bright Food Group, including a conditional offer at the same amount. The company has also rejected its...
Plans by the Australian Egg Corporation Ltd to review the standards of free range egg production have caused a schism in the industry, with free-range producers refusing to agree to changes that could see the maximum number of 'free range' birds per hectare increase from 1500 to as many as 20 000, a...
Swiss food giant Nestlé is to invest PHP 4.3 billion (A$110.5 million) in the construction of a Coffee-mate and Bear Brand factory in the Philippines.Construction on the 27-hectare site in Tanauan, Batangas will begin this month and is expected to be completed in March 2012, John Miller, chairman a...
UK frozen foods business Birds Eye Iglo is launching a company-wide sustainability plan called 'Forever Food'.The group has committed to sourcing 100% of wild and farmed fish from certified fisheries by 2012, reduce packaging by 15% by 2012, reducing water consumption used in manufacturing by 20% by...
