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.
Iron ore company Gindalbie Metals Ltd announced it has successfully raised $175 million from institutional investors as part of its capital raising initiative to finance its Karara Project.
The newspaper industry in Australia is facing problems as sales continued to dip below as it points its blame on slower news year and not on news online sites.
The damaged Chinese coal carrier Shen Neng 1 anchored in Hervey Bay in South-East Queensland as its crew members continue to unload coal.
Executives of the Australia and New Zealand (ANZ) Bank admitted they were “completely shocked” when they learned about trafficking network operations done by former employees from their Melbourne offices.
Tiger Airways announced a group net profit after a tax of $22.7 million for the year to March 31, a $63.7 million turnaround on the $40.9 million after-tax net loss on the previous year.
Queensland Prime Minister Anna Bligh has announced the launch of a new $1 billion residential community in Gold Coast set to be developed by Mirvac, with about 2300 home units to be spread in a sprawling 500 hectares at Pimpama within the next 10 years.
Taseko Mines Limited and Franco-Nevada Corporation completed a deal that will see Franco-Nevada buying at least 22% of the life of mind gold to be produced by Taseko from its planned Prosperity Gold and Copper mine in British Columbia.
