• 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.

  • ChemChina Group Offers $2.75 Billion for Nufarm Sunday, 4 Nov 2007 | 8:49 PM ET

    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.

  • ChemChina Offers $3 Billion for Nufarm: AFR Thursday, 1 Nov 2007 | 8:44 PM ET

    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 Lifts Year Profit Forecast, Shares Rise Wednesday, 31 Oct 2007 | 10:46 PM ET

    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.

  • Australians Spending Freely, Lock-In Rate Rise Wednesday, 31 Oct 2007 | 10:27 PM ET

    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.

  • Australia's Nufarm Confirms Takeover Talks Wednesday, 31 Oct 2007 | 9:13 PM ET

    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 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.