• Australia's PBL Is Near US Gaming Deal Tuesday, 20 Nov 2007 | 8:06 PM ET

    Australia's Publishing & Broadcasting said it was close to agreeing a major North American gaming acquisition, and was still considering two other deals.

  • Australia's AWB Year Profit Down 53% on Drought Tuesday, 20 Nov 2007 | 7:49 PM ET

    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.

  • Steel Lobby to Call for EU to Block Rio/BHP Merger Tuesday, 20 Nov 2007 | 6:33 AM ET

    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.

  • 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.