Result Page 568 for Latest Business News & Archive

Peabody starts due diligence on Macarthur

There is much anticipation for US-based Peabody Energy as it starts its due diligence today on its $4.1 billion takeover bid for Macarthur Coal.

AXA sales gained further amidst takeover battles

AXA Asia Pacific gained more sheen for takeover bids as the company reported yesterday that its first quarter sales for 2010 bumped up to 92 percent or an actual currency value of $146, with its strong sales surge pushed forward by the upbeat Asian markets.

Survey groups appalled over home ownership pessimism

In a recent poll conducted by both Mortgage and Finance Association of Australia and Commonwealth bank-owned Bankwest Retail, majority of young Australians fall under the category of lifelong renters instead of real estate owners.

BHP partners with US officials on possible corruption

Iron ore miner BHP Billiton disclosed today it will cooperate with US officials in an investigation on corruption with government officials.

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AIG repeats its support for QR deal

The Australian Industry Group today reiterated its support for the sale of QR National and must be operated as a private entity to contribute to the increased competitiveness in the economy.

Australian consumers review top weight loss supplement

Reductil has been chosen as Australia's top weight loss supplement for 2010 in a nationwide consumer review on ProductReview.com.au.

Telco's performance is “legendary” poor: ACMA

The Australian Communications and Media Authority is unsatisfied with the telecommunication industry’s ”legendary” poor performance on consumer service and threatened entities to change the regulator’s consumer protection codes into mandatory standards.

Newcrest to alter its deal with Lihir

Newcrest Mining announced today it is ready to make some changes regarding its takeover bid for Lihir Gold, presenting the shareholders a mix of either shares or cash.

ASIC propose disclosure to infrastructure sector

The Australian Securities & Investments Commission yesterday proposed a regulation to protect retail investors from using complex and risky financial systems, costly management fee structures and company disputes.

Noble wants out of Macarthur battle

Hong Kong-based Noble Group on Monday night pulled the plug on its fight for Macarthur Coal.

ABS data shows that soaring exports increase nation’s trade surplus

The Australian Bureau of Statistics (ABS) has announced Thursday that the country achieved its first trade surplus in 13 months, with its balance of goods and services surpluses reaching a seasonally adjusted $134 million in April, coming from the March revised deficit of $2.04 billion for a turnaround of $2.174 billion.

DIARY: Australian Investment, US GDP, Japan’s Trade

This week we start the run up to the national accounts for the March quarter in Australia to be released next week which are likely to show negative growth in the March quarter, thanks to the impact of flooding in Queensland and Victoria in January and February.

The Economy: Big Fall In Job Ads In May

Now this is a more significant outcome from the monthly ANZ jobs ads series.

The Bush: Rural Australia Maintains High Confidence Levels

Australian farmers remain highly confident about the outlook as they approach the winter cropping season (mostly for wheat, the most important crop of all).