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The buyout group bidding for Australia's Qantas Airways declared its $9 billion offer dead on Tuesday after deciding not to pursue a legal case over shareholder acceptances.
Australia's Publishing & Broadcasting said on Tuesday it would split its gaming and media assets into two listed companies, sending its shares up as much as 8.5%.
The buyout group bidding for Australia's Qantas Airways said on Monday it was considering launching a new offer for the airline following the collapse of its previous $9 billion bid.
Australian investment firm Macquarie Bank has raised its offer for energy infrastructure firm Alinta to at least $6.5 billion, a source familiar with the situation said on Monday.
AGL Energy, Australia's largest energy retailer, said on Friday it would team up with Macquarie Bank to acquire the 67% of the AlintaAGL retail business it does not own, if Macquarie makes a revised bid for Alinta.
Australia's central bank on Friday cut its forecast for underlying inflation this year to 2.5%, right in the middle of its target band and suggesting a much-reduced risk of a rise in interest rates for the next few months.
Westpac Banking, Australia's fourth-biggest lender, said on Thursday first-half cash profit climbed 11%, spurred by higher demand for loans and a strong performance by its wealth management business.
Australia's central bank kept interest rates steady at 6.25% on Wednesday, as slowing inflation gave it scope to skip a tightening despite strong domestic demand and a drum-tight labor market.
St. George Bank, Australia's fifth-biggest lender, met expectations with a record first-half profit on Tuesday on strong loan growth and a booming wealth management business, andupgraded its full-year forecasts.
Australia and New Zealand Banking Group, Australia's third-biggest bank, said Thursday its first-half net profit rose 16% to $1.752 billion in the six months ended March 31 from A$1.81 billion a year earlier helped by the sale of the bank's vehicle leasing arm, Fleetpartners.
Underlying inflation in Australia was surprisingly subdued in the first quarter while consumer prices rose at their slowest pace in two years, radically lessening the risk of a rise in interest rates.
Australian regional lender Bendigo Bank rejected on Tuesday a $2.3 billion takeover bid by Bank of Queensland saying the deal does not offer sufficient value and certainty for its shareholders.
Australia's producer prices were unchanged in the first quarter, confounding forecasts for a rise and offering hope that inflationary pressures were slackening enough to avoid another increase in interest rates.
A buyout group including Macquarie Bank said on Sunday it would not extend its A$11 billion ($9 billion) bid for Australia's Qantas Airways beyond May 4, but would speed up payments to shareholders who accepted.
Australian businesses reported strong trading conditions last quarter, generating more demand for labor and leaving the economy with little spare capacity, a survey showed on Tuesday.
The Australian dollar climbed to a fresh 17-year peak against the U.S. dollar on Monday, buoyed by gains against the Japanese yen after the weekend Group of Seven ministers meeting appeared unconcerned about carry trades.
Australia's jobless rate fell to three-decade lows in March while employers took on more full-time workers in a sign of underlying strength in the economy which may yet require a restraining rise in interest rates.
A bidding war is looming for Australia's Coles Group after the company said a Kohlberg Kravis Roberts-led consortium was confident of topping a $16.1 billion bid for theretailer, hoisting its shares to a record.
Kohlberg Kravis Roberts will still consider a bid for Australia's Coles Group, despite a $16 billion offer for the retailer by conglomerate Wesfarmers, sources familiar with the situation said.
Australia's central bank skipped a chance to raise interest rates on Wednesday, confounding speculation it would tighten to cool domestic demand as insurance against future inflationary pressures.