Brendan Brown, Head of Research at Mitsubishi UFJ Securities International says the Australia carry trade is at the beginning of an implosion and other emerging market carry trades might follow the same path.» Read More
Australian equipment hire firm Coates Hire has agreed to a revised takeover bid from smaller rival National Hire and private equity firm Carlyle Group, a source familiar with the situation said on Tuesday.
Westpac Banking will buy the distribution arm of mortgage lender RAMS Home Loans Group, a high-profile Australian victim of the fallout from the U.S. subprime mortgage crisis, for $125 million.
Australian accommodation Website firm Wotif.com Holdings said on Monday it planned to make a takeover offer for online travel agency Travel.com.au, topping a rival bid.
Australian hedge fund Basis Capital has proposed splitting its surviving fund in two to save the business, which has been hit by its exposure to risky credit derivatives, the Financial Times newspaper reported.
Inflation in Australia accelerated to the top of the central bank's comfort zone in September, a private survey suggested on Friday, keeping the door open for yet another rise in interest rates.
Australian investment bank Macquarie Bank will buy Canadian investment and brokerage firm Orion Financial for about $146 million in cash and stock.
Australia's Woodside Petroleum said on Thursday it will sell its Mauritanian assets to Malaysian state-owned oil and gas company Petronas as it looks to focus on more lucrative LNG projects.
Global mining giant BHP Billiton on Wednesday upgraded the size of its total ore resource at the giant Australian Olympic Dam uranium, copper and gold mine by 75% to 7.7 billion tons.
Upmarket Australian retailer David Jones said on Wednesday its full-year profit climbed 35% on strong winter sales, and confirmed its outlook for an 8% -13% rise in profit in the current year.
Australian drug maker and distributor Sigma Pharmaceuticals cut full-year forecasts for the second time in three months on Thursday as regulatory changes hit profits, sending its shares plunging as much as 15%.
Australian infrastructure firm SP Ausnet said on Thursday it has agreed with Singapore Power to buy some assets of energy firm Alinta for $6.96 billion.
Australia's Treasurer Peter Costello on Wednesday warned the country's major banks not to raise their mortgage rates to maintain margins in the face of higher borrowing costs in markets.
Australian supermarket chain Coles Group, the target of an $15.8 billion takeover bid, said on Wednesday its full-year profit was little changed from a year earlier, as grocery earnings stalled.