The USD/JPY will likely be capped at 106.4 because further stimulus won't keep yen weak in the long-term, says Compass Global Market's Tony Boyadjian. » Read More
Macquarie Bank, Australia's top listed investment bank, said it raised $625 million from a sale of new shares to fund its international expansion.
A key indicator of wages in Australia rose by much less than expected last quarter, easing fears that a drum-tight labor market would stoke inflation and lead to higher interest rates.
Australian consumer confidence jumped to record highs in May, boosted by a heady mix of tax cuts, strong employment, low inflation and stable interest rates, a survey showed on Wednesday.
Macquarie Bank posted a 60% jump in 2006 profit, earning $1.2 billion and beating analysts' forecasts, boosted by strong deal flows and robust equity markets.
The auction process for Australia's second largest retailer, Coles Group , has kicked into gear, with a private-equity consortium led by Kohlberg Kravis Roberts the first group to start due diligence.
Australia's largest telecom Telstra said on Monday it would consider all its options if it received any takeover approaches.
Alinta, Australia's largest energy infrastructure firm, said it had recommended an improved offer from investment bank Babcock & Brown worth up to $6.74 billion, scuttling Macquarie Bank's rival bid.
Australian employment surged in April, driving the jobless rate to a 32-year trough and stoking concerns a super-tight labor market would eventually threaten higher inflation and interest rates.
National Australia Bank, the nation's top lender, beat forecasts with a 23% rise in first-half cash earnings on Thursday, on strong loan growth and rapid progress at its U.K. divisions.
Australia's Qantas Airways indicated on Wednesday it would not back a new takeover offer pitched at the same price as the failed $9 billion bid from a consortium including Macquarie Bank.
The buyout group bidding for Australia's Qantas Airways declared its $9 billion offer dead on Tuesday after deciding not to pursue a legal case over shareholder acceptances.
Australia's Publishing & Broadcasting said on Tuesday it would split its gaming and media assets into two listed companies, sending its shares up as much as 8.5%.
The buyout group bidding for Australia's Qantas Airways said on Monday it was considering launching a new offer for the airline following the collapse of its previous $9 billion bid.
Australian investment firm Macquarie Bank has raised its offer for energy infrastructure firm Alinta to at least $6.5 billion, a source familiar with the situation said on Monday.
AGL Energy, Australia's largest energy retailer, said on Friday it would team up with Macquarie Bank to acquire the 67% of the AlintaAGL retail business it does not own, if Macquarie makes a revised bid for Alinta.
Australia's central bank on Friday cut its forecast for underlying inflation this year to 2.5%, right in the middle of its target band and suggesting a much-reduced risk of a rise in interest rates for the next few months.
Westpac Banking, Australia's fourth-biggest lender, said on Thursday first-half cash profit climbed 11%, spurred by higher demand for loans and a strong performance by its wealth management business.
Australia's central bank kept interest rates steady at 6.25% on Wednesday, as slowing inflation gave it scope to skip a tightening despite strong domestic demand and a drum-tight labor market.
St. George Bank, Australia's fifth-biggest lender, met expectations with a record first-half profit on Tuesday on strong loan growth and a booming wealth management business, andupgraded its full-year forecasts.
Australia and New Zealand Banking Group, Australia's third-biggest bank, said Thursday its first-half net profit rose 16% to $1.752 billion in the six months ended March 31 from A$1.81 billion a year earlier helped by the sale of the bank's vehicle leasing arm, Fleetpartners.