New Zealand firms prefer listing on ASX, attracted to reduced costs and vast capital pool
New Zealand companies are lured by the gains from an ASX listing, including access to a bigger pool of capital and enhanced company profiles.
Universal Coal slams takeover bid by share holder Ichor after independent evaluation lifts share price to new high
The coal company is expecting to defy global trends and increase its share price through new expansions and acquisitions.
UK retailer Tesco sells mothballed supermarket sites for a hefty amount, puts customer care on top
The site-sale is part of the supermarket's revival strategy under chief Dave Lewis.
Singapore Airlines to resume New York and Los Angeles direct flights by 2018, aims to recapture ‘world’s longest flight’ title
The airline company will use new long range jets from Airbus to operate its long haul services.
RCEP trade talks in Korea gaining global attention as the emerging Asian equivalent of US-led TPP
The focus of RCEP will be deeper economic cooperation, trade and investment.
Australian winemaker TWE to buy Johnnie Walker fame Diageo's wine business in UK and US
The Aussie wine maker is hoping that the acquisition will make it larger player of scale in the fast growing U.S market.
Tetra Tech to acquire Australia’s first geo-technical engineering firm Coffey International
Tetra Tech claimed that the acquisition of Coffey would boost its geographic presence and reinforce its position as the leading global consulting firm.
Barclays Bank names investment banker James Staley as new CEO: Renews focus on investment banking despite setbacks
Many big banks in Europe and the U.K. are struggling to make money from investment banking.
Philippines’ fast-food giant Jollibee acquires 40 percent stake in US burger chain Smashburger
Jollibee's past acquisitions included local rivals Chowking and pizza chain Greenwich.
Luxury perfumes stocked at Walmart and Target at affordable prices; Fragrance makers blame gray market for ‘brand erosion’
The move has reduced the privilege of departmental stores, who had been the exclusive retailers of designer perfumes to maintain their aura of exclusivity.
US nuclear technology major Westinghouse eyes Australia’s nuclear potential: Signs MoU with many Aussie companies
The idea of nuclear power has been gaining traction within Australia.
Diet Pepsi’s new taste triggers consumer revolt: Angry messages flood social media
Pepsi claims the new sweetener had been endorsed by three quarters of customers.
Adecco’s work trends study: LinkedIn and Facebook are top social networks for jobs and personal branding
The study said LinkedIn is the most popular social platform for recruitment.
Australia's Qantas Airways to start Perth-London 18-hour non-stop flight by 2017
Qantas already holds the record of flying the world's longest flight with its Dallas-Sydney daily service.
Glencore announces sale of copper mines in Australia and Chile to pay down debt
The piling debt had the company's share price slumping and triggered a global share market rout in September.
Australia’s central bank succession in limelight: All eyes on deputy governor Phil Lowe
As an economic thinker Lowe is held in high esteem and many call him an “exceptional” economist.
ANZ Bank’s Esanda auto finance unit gets a buyer in Macquarie
The deal will help Macquarie to scale up its total motor vehicle finance portfolio to AU$17 billion.
Canadian aircraft maker Bombardier’s shares slump as talks with Airbus fail; CSeries jet project lands it in deep debt
It offered to sell a majority stake to Airbus in the project to add cash flow to shore up the balance sheet.
US online technology firm Updater plans ASX IPO by Feb 2016 enroute Nasdaq
The company has already received the backing of a number of Australian venture capital funds.
Residential boom helping Australian construction industry brave slowdown: Tasmania is top performer
Apartment construction is clocking stronger growth.
UK and EU in turf war over probe jurisdiction of CK Hutchison takeover of O2
Britain’s CMA argues that jurisdiction of the review is important as the deal’s impact would be most felt by the U.K. customers.
Oregon becomes third US state to make sale of marijuana legal despite federal ban: Users above 21 years can buy up to 7 grams
Supporters of the new law hope it will curb the flourishing black market.
Australian bank ANZ tightens lending norms for coal industry: Loans to be restricted to coal plants with lowest emissions
The policy shift is to align the bank's business with the efforts of corporate world to usher in a low carbon economy.
World Bank trims growth outlook for East Asia Pacific nations, cites China slowdown as the big factor
Within the region, larger nations such as the Philippines and Vietnam are expected to do better.
Unilever buys premium Italian ice cream maker ‘Grom’, eyes bigger share in premium ice cream market
Post-acquisition, Grom will continue to remain independent and will be run by its founders.
Qatari royal’s UK acquisition triggers diplomatic row; Mixing personal business with diplomacy flouts Vienna convention
While buying the London-listed oil company, the ex premier was listed as the Counsellor at the Qatari embassy in London.
US Wyndham hotel group reaches 1,000 hotel milestone in China, plans more premium brands
The U.S. hotel group entered the Greater China region in 1998 with the Howard Johnson brand and made rapid growth.
Walmart asks vendors to cut prices on Chinese made goods, wants to offer reduced prices to customers
Some other retail majors are also making a similar move.
Americans shifting away from traditional jobs: 40% of US workforce will be independent workers in next five years
Harvard Business Review calls the phenomenon "The Rise of the Supertemp."
Top Australian Universities urge federal government to restrict research funding to best universities
The government’s goal for an innovative economy can succeed only if correctives are applied to the parameters on research funding.