GO
Loading...

Australia

More

  • Westpac Profit Beats Forecast; Sees Growth Wednesday, 31 Oct 2007 | 7:37 PM ET

    Westpac Banking, Australia's fourth-biggest lender by assets, beat forecasts with a 9 percent rise in second-half cash profit, helped by strong fund management performance, and said businesses momentum was strong this year.

  • Australians Busy Borrowing and Building in September Tuesday, 30 Oct 2007 | 10:56 PM ET

    Australian businesses were busy borrowing in September despite interest rates at decade highs, while a jump in approvals to build new homes provided a tentative sign of a recovery in housing construction.

  • Harvey Norman Sees First-Half Profit Rise Tuesday, 30 Oct 2007 | 10:47 PM ET

    Australian electrical goods and furniture retailer Harvey Norman Holdings forecast a 25-35 percent rise in first-half net profit on Wednesday, sending its shares up 6 percent.

  • James Hardie Halts Production at US Fibre Cement Plant Tuesday, 30 Oct 2007 | 9:42 PM ET

    Australian building materials company James Hardie Industries said it would halt production at one of its ten U.S. plants due to poor conditions in the U.S. housing market, sending its shares down 2 percent.

  • St George Profit Meets Forecasts; Flags Growth Tuesday, 30 Oct 2007 | 7:30 PM ET

    Australia's St George Bank met expectations with 13.1 percent rise in full-year cash profit on strong growth in business lending and wealth management division, and maintained its forecast for 2008 earnings per share growth of 10 percent.

  • Australia Slashes Wheat Forecast Due to Drought Monday, 29 Oct 2007 | 9:32 PM ET

    Australia slashed its official 2007/08 wheat crop forecast by 22 percent on Tuesday, the second downgrade in just six weeks as drought and searing temperatures have led to total crop failure in some regions.

  • Xstrata Offers $2.8 Billion for Australia's Jubilee Sunday, 28 Oct 2007 | 7:50 PM ET

    Anglo-Swiss miner Xstrata on Monday offered $2.8 billion for Australian nickel miner Jubilee Mines, seeking to consolidate its position as a global nickel producer.

  • ANZ's Second-Half Profit Rises, but Misses Forecasts Wednesday, 24 Oct 2007 | 9:48 PM ET

    Australian and New Zealand Banking Group, Australia's third-biggest lender, missed forecasts with a 7 percent rise in its second-half profit, as provisions for bad loans increased.

  • Australia's Core Inflation Jumps, Rings Rate Alarm Wednesday, 24 Oct 2007 | 1:29 AM ET

    Underlying inflation in Australia speeded past expectations last quarter to hit the very top of the central bank's target range, sharply lifting the risks of a hike in interest rates as early as next month.

  • Babcock & Brown Raises $800 Million for US Investments Wednesday, 24 Oct 2007 | 12:45 AM ET

    Babcock & Brown, an Australian investment and advisory firm, said on Wednesday it had raised about $800 million to buy infrastructure assets in North America.

  • Woolworths Abandons Chase for Coles Assets Tuesday, 23 Oct 2007 | 8:41 PM ET

    Woolworths, Australia's largest grocery chain, said on Wednesday it has decided not to proceed with a request for the competition regulator review a potential acquisition of some Coles Group assets.

  • International Investing: Australia Tuesday, 23 Oct 2007 | 5:10 PM ET

    Australia has a strong Western-style economy. Consumer confidence is high, exports of raw materials and agricultural products are profitable, and the budget has been in surplus since 2002.

  • BHP's Copper Output Up 23%, Iron Ore at Record Tuesday, 23 Oct 2007 | 12:07 AM ET

    BHP Billiton, the world's biggest miner, churned out as much copper, iron ore and coal as it could in the first quarter to keep up with surging China-driven demand, but failed to impress investors.

  • Symbion to Proceed With Revised Healthscope Deal Monday, 22 Oct 2007 | 8:50 PM ET

    Australian healthcare provider Symbion Health said on Tuesday it would press ahead with a revised tie-up plan with Healthscope, despite opposition from its major shareholder.

  • Australia Producer Prices Add to Inflation Pressure Sunday, 21 Oct 2007 | 10:44 PM ET

    Australian producer prices rose faster than expected last quarter, led by higher food and construction costs, fueling concerns consumer inflation could accelerate enough to provoke another hike in interest rates.

  • AGL Energy Boss Anthony Departs, Replacement Named Sunday, 21 Oct 2007 | 7:29 PM ET

    AGL Energy, Australia's largest electricity retailer, said on Monday that Chief Executive Paul Anthony had left the company, following an earnings downgrade, and would be replaced by Michael Fraser.

  • Australia's Flight Centre Is Looking at Acquisitions Thursday, 18 Oct 2007 | 10:41 PM ET

    Australian travel firm Flight Centre said on Friday it was looking at international acquisition opportunities which may be funded with debt and capital raisings if a deal goes ahead.

  • Jetset Seeks Expansion But Mum on Qantas Tie-Up Wednesday, 17 Oct 2007 | 9:50 PM ET

    Australian travel agent Jetset Travelworld said on Thursday it was looking at expansion opportunities but declined to comment on a report it may merge with Qantas Airways' travel business.

  • Australia's PBL to Push on with Split Plan Tuesday, 16 Oct 2007 | 9:00 PM ET

    Australia's Publishing & Broadcasting will push ahead with plans to split its media and gaming assets into separate companies after deciding on Wednesday that new tax laws would not impact the demerger.

  • Australian iron ore miner Murchison Metals made a $889 million bid for Midwest Corp on Wednesday, seeking to combine the two miners' iron ore projects in the nation's west.