Resource and rail products makers Bradken Ltd intends to raise $50 million through share placement to fund the acquisition of Canada's Almac Machine Works.
Miners should be cautious now that China's economic growth may not be stable for longer periods.
The Federal Government remained pressured by Queensland miners to bend the rules on the resource super profit tax, however, the Treasurer is still not swayed and insisted the request may not happen too soon.
BHP Billition Ltd is taking its battle against super-tax profits by hosting shareholder meetings nationwide to warn investors of the impact of the proposed resources tax.
Air New Zealand hits back at Australian Competition & Consumer Commission (ACCC) and accused it of making a "jurisdictional and financial grab" after the corporate watchdog announced yesterday it has begun legal proceedings against Air New Zealand and Japan Airlines for price-fixing.
Goodman Group and the Canada Pension Plan Investment Board (CPPIB) announced the establishment of a new fund worth $400 million.
The Australia and New Zealand Banking Group (ANZ) has announced on Monday its accomplishment on the acquisition of the Royal Bank of Scotland (RBS) on its retail and commercial businesses in Singapore.
The $361.5 million takeover bid by a Japanese company for CBH Resources Ltd is fair and square, that according to Grant Thornton Corporate Finance Pty Ltd, which further described the offer as more beneficial and superior in favour of CBH on its published findings on Monday.
Department stores operator Myer Holdings has expressed confidence on Monday that it is en route to a previously established full year earnings guidance of $3.33 billion amidst anticipated sales slow downs as the company enters a much challenging fourth quarter.
Construction and energy biggie Leighton Holdings Ltd has reported on Monday that company net profit jumped by 82 percent as it listed an after tax earnings of $400.3 million in the past nine months ending in March 31 this year and subsequently reaffirmed its full year earnings guidance.
Australia & New Zealand Banking Group Ltd. (ANZ) announced the completion of its acquisition of Royal Bank of Scotland PLC's (RBS) retail and commercial businesses in Singapore as it officially opens its Singapore branches today.
A spokesperson of the Australian Council of Trade Unions said on Monday that low-paid workers should have their salary increased this year to compensate for the wage freeze last year.
Miner giant BHP Billiton suggested that proposed resources super profits tax by the Federal Government should only apply to new investments and not for existing ones.
New laws will be proposed in Queensland to protect the landholder's rights once coal seam gas exploration enters their lands.
Australia's big mining leaders will sit down with Treasury this week to negotiate on the proposed super profits mining tax.
Myer Holdings Ltd reported flat sales for the third quarter of 2010 but reaffirmed its full year guidance.
Agribusiness Elders Ltd. reported a $165 million first half loss, but forecasted improvement in second half earnings.
Despite the claims by Treasurer Wayne Swan that some mining executives admitted privately they can pay more tax, a number of business leaders are still opposing the proposed super profits tax.
BHP Billiton and Rio Tinto remain committed to the proposed merger of their Pilbara iron-ore operations, in the midst of uncertainties created by government's proposed 40 per cent super-profits tax.
Treasurer Wayne Swan claimed on Sunday that several mining companies privately surrendered to the Federal Government on its proposed resource super tax profits.
Healthscope Ltd executives spent the weekend considering the surprise $1.74 billion takeover offer it received from a private equity consortium.
Beverage giant Coca-Cola Amatil Ltd (CCA) has informed company shareholders that it is currently trading on solid grounds as it reaffirmed its previous sales guidance while projecting at the same time that the company is most likely headed to single-digit growth for the first half of 2010.
Australia launched a new national brand, "Australia Unlimited" in the hope to lure foreign investors.
Northern Iron has reported Friday that its troubled Sydvaranger iron ore project in Norway will be re-commissioned ahead of schedule as solutions that would solve the site’s problems are well underway.
Sprott Asset Management, a business unit of Sprott Inc. and manager of the Sprott family of mutual funds, hedge funds and discretionary managed accounts, has approved the $2.5 million financing deal with RX Exploration Inc. through Brant Securities Limited.
The Australia and New Zealand Banking Group Ltd (ANZ) has announced plans to distribute and trade its FX structured products using FinIQ's structured product system.
The Australian dollar is gaining more strength against the Euro as Aussie travellers are poised to enjoy a much promising European holiday season as the local currency may be better positioned to buy beyond 75 euro cents very soon.
Gas and oil producer Santos Limited recently appointed Fluor Australia Limited as its contractor to perform engineering duties, procurement and construction of upstream facilities at its Gladstone liquefied natural gas project (GLNG) in Queensland.
Healthscope Ltd announced that it has received a $1.74 billion takeover approach from a private equity consortium.
Treasurer Wayne Swan rejects an offer for any grants to quarry companies selling gravel, sand and phosphate rock.
