GO
Loading...

Australia

More

  • Australian Shoppers Cut Back, Easing Rate Risk Sunday, 1 Jun 2008 | 11:03 PM ET

    Australian retail sales suffered a surprise fall in April as consumers cut spending on food and recreation in the face of surging living costs, but also perhaps lessening the need for a further increase in interest rates.

  • Australia's Centro Wins $2.67 Billion Loan Reprieve Sunday, 1 Jun 2008 | 10:56 PM ET

    Centro Properties Group, one of Australia's biggest casualties of the global credit crunch, won more time to repay about $2.67 billion in debt, sparking a rally in its shares on Monday.

  • Australia's Just Rejects $800 Million Premier Bid Sunday, 1 Jun 2008 | 8:06 PM ET

    Australian clothing retailer Just Group on Monday rejected a hostile $800 million bid by billionaire investor Solomon Lew, citing an independent adviser as saying the offer was too low.

  • Petronas Buys Stake in Santos Australia Gas Project Wednesday, 28 May 2008 | 11:54 PM ET
    Natural Gas

    Malaysia's Petronas will buy a 40 percent stake in Australian energy firm Santos' Gladstone liquefied natural gas project in Australia for $2.51 billion, sending Santos' shares up 10%.

  • Australia Business Investment Falls Unexpectedly Wednesday, 28 May 2008 | 11:08 PM ET

    Australian businesses surprisingly cut back on investment spending last quarter as a slump in consumption hurt the retail sector, stirring speculation the economy might have actually shrunk in the quarter. 1st paragraph of story should go here

  • Australia's IAG Chief Quits After Rejecting QBE Sunday, 25 May 2008 | 8:55 PM ET

    Insurance Australia Group, which last week spurned a takeover offer by rival QBE, said on Monday its Chief Executive Michael Hawker had resigned with immediate effect, triggering a 3 percent jump in its shares.

  • James Hardie Profit Slides 61%, Shares Sink Wednesday, 21 May 2008 | 9:15 PM ET
    Construction work

    Building materials group James Hardie Industries reported a worse-than-expected 61 percent drop in fourth-quarter profit on Thursday, hit by a slump in U.S. home-building, knocking its shares down as much as 8%.

  • SP AusNet's Year Profit Falls 6.3% Wednesday, 21 May 2008 | 8:17 PM ET

    Australian infrastructure firm SP AusNet reported a 6.3%  fall in its 2007/08 year profit on Thursday, and said it expected the current year's result would be of a similar level after higher interest charges.

  • ArcelorMittal Buys Stake in Macarthur Coal Wednesday, 21 May 2008 | 11:48 AM ET

    ArcelorMittal, the world's top steel maker, is in talks with Australia's Macarthur Coal after buying a 15 percent stake in the company, setting up a possible bidding war for the A$4.4 billion group and pushing its shares up 14 percent.

  • Charting Asia | S&P/ASX 200 Index Wednesday, 21 May 2008 | 12:52 AM ET
  • Australia's QBE Insurance Scraps IAG Bid Tuesday, 20 May 2008 | 9:16 PM ET

    QBE Insurance dropped its $8.4 billion bid proposal for Insurance Australia Group after IAG rejected it as too low, triggering an 8 percent slide in IAG's shares.

  • AWB Australia First-Half Profit Rises 89% Tuesday, 20 May 2008 | 8:43 PM ET

    AWB, Australia's largest wheat exporter, said on Wednesday its half-year net profit rose 89 percent to $21.4 million, after good results from its Landmark rural services division.

  • Macquarie's Profit Up, Sees Challenge Ahead Monday, 19 May 2008 | 7:54 PM ET

    Macquarie Group, Australia's top investment bank, posted a 1.4% rise in second-half profit, and said it would be challenging, though possible, to repeat its record full-year profit this year.

  • Australian Insurer QBE Sweetens Bid for Rival IAG Sunday, 18 May 2008 | 10:54 PM ET

    QBE Insurance Group, Australia's top insurer by premium income, raised its bid for smaller rival Insurance Australia Group to  $8.3 billion but said it thought the new and final offer would be rejected.

  • BHP Billiton Shares Rise on Fresh China Stake Talk Thursday, 15 May 2008 | 8:47 PM ET

    Chinese interests have approached a major Australian superannuation and investment fund to be their partner in a multi-billion-dollar swoop on 9 percent of BHP Billiton, The Australian newspaper reported.

  • Australia Barley Exporter Says Japan Shipment Clean Thursday, 15 May 2008 | 1:13 AM ET

    An Australian barley exporter said on Thursday it had found no evidence that a 20,000 ton shipment to Japan contained excessive pesticides, after Japan cancelled the purchase.

  • Australia's CSR Year Profit Falls 20% Tuesday, 13 May 2008 | 9:35 PM ET

    St George Bank, Australia's fifth-biggest lender by assets, reported a weaker-than-expected 6.2% rise in first-half profit amid tough market conditions, and trimmed its year growth target.

  • Australia Central Bank Holds Rates, Sees Slowdown Tuesday, 6 May 2008 | 1:38 AM ET

    Australia's central bank kept interest rates steady at a 12-year high of 7.25 percent on Tuesday, pointing to a slowdown in demand which could mean a further tightening is not needed.1st paragraph of story should go here

  • St George Bank's Profit Up, Lowers Year Target Monday, 5 May 2008 | 7:57 PM ET

    St George Bank, Australia's fifth-biggest lender by assets, reported a weaker-than-expected 6.2% rise in first-half profit amid tough market conditions, and trimmed its year growth target.

  • Australia's Incitec Pivot Profit More Than Triples Sunday, 4 May 2008 | 9:07 PM ET

    Incitec Pivot's first-half profit more than tripled, spurred by a massive increase in fertilizer prices which should propel full-year earnings above forecast, the Australian fertilizer maker said.