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  • James Hardie Posts 32% Fall in Second-Quarter Profit Sunday, 18 Nov 2007 | 7:37 PM ET

    Building materials maker James Hardie Industries reported a 32 percent fall in second-quarter profit, hit by a drop in home building in the United States, and said it was comfortable with the bottom end of analysts' full-year forecasts.

  • BHP May Consider Taking Offer to Rio's Shareholders Sunday, 18 Nov 2007 | 2:01 PM ET

    Mining giant BHP Billiton, whose multi-million-dollar takeover plan has been rejected by Rio Tinto's management, may consider taking an offer directly to Rio's shareholders in the future, BHP's chief said on Saturday.

  • Fortescue Says No Equity Deal With China Firm Friday, 16 Nov 2007 | 12:38 AM ET

    Australian iron ore prospector Fortescue Metals Group on Friday denied media speculation a Chinese company would take a stake in it, sending its shares down as much as 3.9 percent.

  • CNOOC Eyes Shell's Australian Oil Stake: Reports Wednesday, 14 Nov 2007 | 10:05 PM ET

    China National Offshore Oil Corp has been offered Royal Dutch Shell's oil business in Australia's North West Shelf oil and gas project, The Australian newspaper reported on Thursday. 

  • Woodside Petroleum Cuts 2008 Output Forecast Wednesday, 14 Nov 2007 | 9:20 PM ET

    Australian oil and gas producer Woodside Petroleum cut its 2008 production forecast by up to 20 percent on Thursday, citing recent asset sales and slow start-ups at new projects, driving its shares down as much as 5 percent.

  • Qantas Plans to Buy Up to 188 New Aircraft Tuesday, 13 Nov 2007 | 11:20 PM ET
    Qantas passenger jets parked at their terminal at Sydney Airport.

    Qantas Airways, Australia's largest airline, on Wednesday agreed to buy up to 188 new narrow-body planes worth more than $12 billion at list prices to defend its domestic routes and expand into Asia.

  • Palmary Raises Offer for Consolidated to $964 Million Tuesday, 13 Nov 2007 | 9:05 PM ET

    Palmary Enterprises has upped its offer for Australian manganese miner Consolidated Minerals to $964 million, in its latest bid to win a long-running takeover battle.

  • Macquarie's Profit Forecast, Shares Fall on Outlook Monday, 12 Nov 2007 | 7:49 PM ET

    Macquarie Group, Australia's biggest investment bank, reported a 26 percent rise in second-quarter profit, helped by strong growth in Asia and takeover activity, but its shares fell 5 percent on a cautious outlook.

  • Australia Central Bank Raises Inflation Forecasts Sunday, 11 Nov 2007 | 7:57 PM ET

    Australia's central bank on Monday raised its forecasts for underlying inflation to above  its 2 to 3 percent comfort zone, strongly suggesting that  further increases in interest rates might be needed to restrain price pressures and cool the red-hot economy

  • SP Ausnet Plans to Raise $2.78 Billion for Alinta Buy Thursday, 8 Nov 2007 | 11:54 PM ET

    Australian infrastructure firm SP Ausnet plans to raise about $2.7 billion in an institutional share placement to help fund its purchase of $7.7 billion of assets from energy firm Alinta.

  • Australia's NAB Posts 17.7% Rise in Full Year Profit Thursday, 8 Nov 2007 | 6:27 PM ET

    National Australia Bank reported that full year profits rose 17.7 percent to $4.07 billion, driven by strong loan growth, and said it targeted revenue growth above the industry average.

  • Australia Unemployment Is Up, Full-Time Jobs Surge Wednesday, 7 Nov 2007 | 10:20 PM ET

    Unemployment in Australia unexpectedly ticked up from 33-year lows in October but the number of full-time jobs increased by the biggest amount in 16 years, underlining the continued strength of the economy.

  • Australia's Primary Says to Bid for Symbion Wednesday, 7 Nov 2007 | 10:00 PM ET

    Australia's Primary Health Care offered to buy Symbion Health for $2.5 billion in cash, rivaling an offer of cash and shares by Healthscope and private equity firms.

  • Kirin Buys National Foods for $2.6 Billion Wednesday, 7 Nov 2007 | 8:46 PM ET

    Japanese brewery Kirin Holdings said on Thursday that it would buy Australian dairy and fruit juice producer National Foods for $2.6 billion from Philippine food and beverage company San Miguel Corporation.

  • Australia's Central Bank Lifts Rates to 11-Year High Tuesday, 6 Nov 2007 | 9:45 PM ET

    Australia's central bank raised interest rates to an 11-year high on Wednesday as it battled to contain inflation, a decision charged with unusual political implications just two weeks before a national election.

  • Coles Proxy Votes Back $18.2 Billion Wesfarmers Bid Tuesday, 6 Nov 2007 | 7:53 PM ET

    Conglomerate Wesfarmers moved closer to securing a A$19.6 billion (US$18.2 billion) takeover of retailer Coles Group on Wednesday, after a majority of proxy votes backed Australia's largest corporate takeover.

  • Australia's Macquarie Group Shares Fall on Debut Sunday, 4 Nov 2007 | 10:08 PM ET

    Shares in Macquarie Group, Australia's biggest investment bank, fell on its trading debut as a new company on Monday, following the completion of a restructuring aimed at accelerating its global growth.

  • ChemChina Group Offers $2.75 Billion for Nufarm Sunday, 4 Nov 2007 | 8:49 PM ET

    Australian farm chemicals group Nufarm said it had agreed a takeover proposal worth up to $2.75 billion from a consortium led by China National Chemical Corp and including private equity.

  • ChemChina Offers $3 Billion for Nufarm: AFR Thursday, 1 Nov 2007 | 8:44 PM ET

    China National Chemical Corp, or ChemChina, and Blackstone Group have offered A$3.4 billion ($3 billion) for Australian farm chemicals group Nufarm, the Australian Financial Review reported on Friday, citing no sources.

  • Telstra Lifts Year Profit Forecast, Shares Rise Wednesday, 31 Oct 2007 | 10:46 PM ET

    Telstra Corp, Australia's largest phone company, raised its 2008 profit forecast and its long-term growth estimates as cost cutting and increased revenue from 3G mobile phone use boosted its outlook, sending its shares up 2 percent.