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.

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

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

Australia's AGL Energy Ltd said that weakened demand prompted the company to delay the development of its power plants.

Australian manufacturers underwent change in level of operations. The manufacturing industry was far from dead in the country down under. The face of the Australian manufacturing sector has been deemed not dead, just changing.

Australian Coca Cola distributor announced disappointment in its profits for the first six months. Coca Cola Amatil Ltd announces a substantial drop in its earnings.

Nine Entertainment's ownership has decided to undertake an IPO. The majority owners of Nine Entertainment of Australia, namely US hedge funds Apollo Global and Oaktree Capital, have appointed several banks to oversee the initial public offering of the company.

A newspaper reported that British bank Lloyds Banking Group received bids for its Australian businesses.

Telstra's mobile market share in Australia rose to 50% as its income beat analysts' projections.

A KKR executive revealed that his firm was keen on investing in structured debt and mezzanine deals in Australia.