Australian inbound M&A deals declined the most in a quarter of a century as plummeting commodity prices and a faltering local stock market challenged the appetite of overseas investors for the country's assets.
Asian stocks slipped on Thursday, giving back earlier gains as initial cheer from a rebound on Wall Street fizzled out, while the New Zealand dollar hit a one-year low when the central bank governor decried the currency's recent strength.
Asian stocks rose early on Thursday, cheered by a sizeable overnight rebound on Wall Street, while the dollar resumed its advance after upbeat economic data undercut safe-haven bids and pushed yields higher.
National Australia Bank (NAB.AX) is considering the sale of its life insurance unit worth an estimated $800 million, seeking to boost earnings and returns on capital, people familiar with the matter told Reuters.
The Group of 20 leading nations say they are tantalisingly close to adding an extra $2 trillion to the global economy and creating millions of new jobs, but Europe's extended stagnation remains a major stumbling block.
Financial leaders of the Group of 20 top economies remain committed to chasing higher global growth, but were divided on how to achieve it as Germany pushed back at calls from the United States and others for more immediate stimulus.
Asian stocks stumbled to a five-week low on Monday after a batch of disappointing data out of China raised the specter of a sharp slowdown in the world's second-biggest economy.
Asian share market sentiment was cautious on Thursday after U.S. President Barack Obama vowed to fight Islamic State militants, while the dollar pushed to fresh six-year highs against the yen.
The U.S. dollar held near a six-year peak against the yen early on Thursday and powered to a seven-month high on its New Zealand peer, which fell after the country's central bank said its current level is "unjustified and unsustainable".
Australian junior iron ore miner Western Desert Resources Ltd said it had called in administrators after failing to negotiate a deal with its bankers, due largely to plunging iron ore prices.
Australia said on Friday it will sell health insurer Medibank Private in an initial public offering in December, in a sale expected to fetch about A$4 billion ($3.74 billion) and make 2014 the country's biggest year of new listings.
Australian airlines Qantas Airways Ltd and Virgin Australia Holdings Ltd said passengers can use smartphones and tablets throughout flights from Tuesday after a regulator relaxed a ban on electronic devices on planes.
Australia's largest telecommunications company Telstra Ltd said on Tuesday it had paid $270 million to buy out Silicon Valley-based video platform company Ooyala as part of a deeper push into digital media.
Moneysoft reportedly secures an additional AU$500,000 in a new round of funding, bringing its total funding to AU$1.5 million. The application offers a free budget planner and money management software that allows its users to categorize and track...
Toilet paper and tampon maker Asaleo Care Ltd will raise A$656 million ($616.6 million) in Australia's second-largest initial public offering (IPO) of the year after pricing its offer near the middle of an indicative range, two people familiar with the matter said on Tuesday.
Subscribe to VCpost newsletter
- OUKITEL Introduces Several New Smartphones to MWC: 7.12”Waterdrop display,10000mAh Battery, and 5V/6A quick charge
- 6 Reasons to Get Workforce Management Software Today
- OUKITEL C12 Goes to Official sale at just $64.99, 6.18 inch notch display with 2GB/16GB Memory
- OUKITEL C15 PRO Will Come with 6.088”Waterdrop Display, Android 9 Pie OS and Support 5G wifi
- How Sales Recruiters Can Improve Your Team
- OUKITEL C12 Pro 3G Version C12 is Released with Notch Display and Stunning Price
- OUKITEL New Phone C13 Pro: Notch Display and Android 9.0 Pie OS
- OUKITEL C15 Pro leaks: Global First MT6761 Smartphone with Waterdrop Notch Screen