Paul Trainor, Senior Portfolio Manager at Macquarie Private Portfolio Management says investors should be careful before jumping into the stock, despite a 30% fall over the past two days.» Read More
Australia's Publishing & Broadcasting said it was close to agreeing a major North American gaming acquisition, and was still considering two other deals.
AWB, Australia's embattled main wheat exporter, reported a 53 percent fall in full-year net profit on Wednesday, hit by a severe drought, but said the outlook for agribusiness in Australian was positive.
Eurofer, the lobby group for the European steel industry, said on Tuesday it will ask the European Commission to block BHP Billiton's plans to buy rival Rio Tinto due to competition concerns.
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.
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.
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.
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.
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 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 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 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'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
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.
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.
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 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.
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 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.
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.
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.