Australia's national carrier Qantas is set to commence the world's longest commercial air route today. CEO Alan Joyce tells CNBC's Matthew Taylor the significance of the move.» Read More
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.
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.
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 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.
Australian retail sales easily outpaced expectations in September, setting the seal on a very strong quarter for consumption and adding to an already compelling case for a further rise ininterest rates.
Australian farm chemicals company Nufarm confirmed it has held talks about a potential takeover of the company and said it had received a letter on Wednesday relating to those discussions.
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.
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.
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.
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.
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 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.
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.
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.
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, an Australian investment and advisory firm, said on Wednesday it had raised about $800 million to buy infrastructure assets in North America.
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.