Australia

Abacus Property raises USD75 million for future acquisitions

Australian diversified company Abacus Property Group raised USD75 million in a share sale, the proceeds of which would be used to more properties in New South Wales, Queensland, and Victoria.

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Australia's asylum seeker agreement with Indonesia to be reviewed

A diplomatic stand off between Australia and Indonesia was averted when the Australian Immigration Minister had ordered the boat people be brought to Christmas Island.

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New Zealand's Fonterra buys yogurt producer Tamar Valley Dairy

New Zealand's dairy manufacturer Fonterra signed a deal to acquire troubled Tasmania-based company Tamar Valley Dairy.

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Whitehaven's future assured - Chairman

Whitehaven Chairman Mark Vaile said the future of the mining company is assured with the two mines it is preparing to go online.

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Westpac works for another banner year in 2014

Westpac CEO Gail Kelly reports a good 2013 and expects a better year for 2014.

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Warburg Pincus exits from its waste management investments in Australia

Warburg Pincus sells off its shares in Transapacific Industries Group.

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Glencore and Sumitomo purchase majority stake in Australia's Clermont mine

Glencore Xstrata and Sumitomo Corp purchase 50.1% shareholdings in Clermont mine amidst increasing Asian demand for coal.

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Australian and New Zealand stocks fells amid US deadlock

The stocks of Australia and New Zealand fell as the deadline to settle debt for the United States looms near, said a report from Bloomberg.

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Australian court orders Li Ka-shing's firms to pay AUD 776 million in taxes, penalties

A Federal Court in Australia ordered Li Ka-shing's companies to pay a total of AUD 776 million to the Australian Tax Office.

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Housing supply increases loans in Australia

According to a data from SQM Research Pty, property prices in Sydney might increase to as much as 20% in 2014.

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Linc Energy CEO in talks with two groups for shale exploration project

Linc Energy CEO Peter Bond said they were already talking with two groups who were interested in taking part in its shale exploration project.

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Freelancer plans for local IPO

According to a Reuters report, Freelancer.com would be planning a local IPO in Australia that would help boost Australia's fast-growing technology markets.

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Australia's Bell Group saga ends with a settlement

A settlement was reached between a consortium of banks and liquidators over the current legal dispute over the collapse of the Bell Group of Australia.

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Australia, Norway governments face defeat in polls despite booms- Reuters

Reuters reported that that the ruling governments of Australia and Norway would face possible defeat in polls set for this month.

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Wesfarmers secures AUD 304 million through sale and leaseback of assets

Wesfarmers Ltd was able to gather AUD 304 million through a lease securitization deal with a special purpose entity.

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