U.S. energy firm Chevron (CVX.N) is seeking to sell its entire stake in Caltex Australia Ltd (CTX.AX) for about A$4.6 billion ($3.6 billion), exiting Australia's biggest refiner after nearly 40 years as falling oil prices and high costs hurt margins.
Australia has invited Germany, France and Japan to pitch for a contract to build its new submarine fleet, kicking off a contentious A$50 billion ($38.8 billion) project which has become a political football at home.
BHP Billiton has put far less debt than expected into its $13 billion South32 spin-off, positioning the company formed from its unloved assets to weather tough markets and still pay a dividend.
New Zealand's Fonterra Co-operative Group Ltd (FCG.NZ) said it paid $553 million for a near 20 percent stake in China's Beingmate Baby and Child Food Co. Ltd (002570.SZ), as it looks to boost its presence in the country's branded dairy industry.
Bankers running the expected A$3 billion ($2.29 billion) initial public offering of Australian software firm MYOB Ltd, owned by Bain Capital, plan to file a prospectus for the sale by end-March, two people familiar with the matter told Reuters.
A consortium of private equity firm KKR & Co LP (KKR.N), alternative investment manager Varde Partners and Deutsche Bank (DBKGn.DE) has agreed to buy GE Capital's Australian and New Zealand consumer lending arm for A$8.2 billion ($6.26 billion).
Chinese demand for New Zealand infant formula has fallen after a threat by suspected environmental activists to contaminate the product with an agricultural poison, the head of an exporter group said on Wednesday.
The U.S. dollar climbed to multi-year peaks against the euro and yen in Asia on Tuesday amid starkly diverging outlooks for interest rates globally, while currencies from emerging markets came under mounting pressure from risk aversion.
The Australian government has sided with farmers who say official data vastly underestimates foreign ownership of the nation's farmland, as it moves to clamp down on overseas purchases of agricultural land.
When Probo Junio got a visa to work in Australia, he thought he had won a ticket to the good life. In 2013, the 45-year-old boilermaker left his hometown of Cebu in the Philippines, where he was getting paid about $10 a day, to work in Karratha in Western Australia for $30 an hour. Enough to support his relatives and build a new life Down Under.
The dollar held pole position in Asia on Friday as bulls wagered a looming U.S. jobs report would add to the chance of rate hikes there, even as the European Central Bank embarks on a trillion euro campaign of bond-buying.
Asian share markets crept higher on Tuesday as Tokyo scored another 15-year peak, though gains were hostage to what Federal Reserve Chair Janet Yellen might say later in the day about the likely lift-off date for U.S. rate hikes.
Caution gripped Asian markets on Tuesday as investors fretted over what Federal Reserve Chair Janet Yellen might say later in the day on the likely lift-off date for U.S. policy tightening.
The U.S. dollar was nursing losses in Asia on Thursday while bonds held hefty gains as investors scaled back expectations on how fast, and how far, the Federal Reserve might raise interest rates in coming months and years.
Australia and New Zealand Banking Group (ANZ.AX) on Monday said Mark Whelan will replace Phillip Chronican as the head of its Australian business.
Subscribe to VCpost newsletter
- (Video) OUKITEL WP5000 Review
- Have Online Casinos Now Usurped Their Land-based Counterparts?
- Enterprise Initiatives that Advance Idea Innovations
- Forget the kitties - cryptocelebrities are the latest blockchain money spinner
- OUKITEL Engineers Team Endorse for the 10000mAh K7, To Make the Best large battery smartphone
- Debt in the US: Is the Government Setting a Bad Example for All of Us?
- OUKITEL K7 is Coming soon: 10000mAh battery with 18:9 diaplay
- How Fintech Is Changing The Shape Of The Market