Stock markets from Asia and Australia prepared for a decline after the United States began to withdraw stimulus.
Tags: Australia
Australia's Brambles Spins Off Recall Holdings
Australia's Brambles planned to spin off Recall Holdings. Brambles Ltd. has announced a revival of a previous plan to exit Recall Holdings. Recall Holdings, a data management business, would then be listed on the Australian Securities Exchange (ASX).
Garland's 888 Fund seeks China's super rich
John Garland created an 888 Fund which aims to attract the wealthiest investors in Asia. (Photo : Reuters)This is an Australian dollar. John Garland, a businessman from Perth, Australia, formed an investment fund in an attempt to attract Asia's wealthiest investors to the Australian market.
Dixon Advisory gathers US$161 million
Dixon Advisory raised US$161 million for a new commercial asset fund. (Photo : Reuters)This is the logo of Dixon Advisory. Dixon Advisory, a financial planning entity, announced today that raised a total of US$161 million for a new commercial property fund.
Blackstone Group buys Lend Lease's Melbourne Mall for US$332 million
Lend Lease Group agreed to sell its Melbourne shopping mall to Blackstone Group LP for US$332 million.
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More discussions between Rio and Glencore is said to have transpired after early talks were held for the venture of two thermal coal assets in Australia.
The Australian dollar fell to a three-year low due to the country's slow approval rates on home-loans.
H.J. Heinz was halted by Australian regulators for its takeover attempts of Rafferty’s Garden. (Photo : Reuters) US-based food giant H. J. Heinz Co.
Australian surfwear company Billabong ended takeover talks and looks at its refinancing options instead.
Glencore Xstrata decides on work stoppage to cut costs amidst falling demand and declining prices for coal in the world market.
Rio Tinto's Northparkes mining rights in Australia are in the cross hairs of the Carlyle Group.
Billabong has just been in breach of debt payments as exclusivity period for bid lapsed without a formal offer.
Three major companies have purchased spectrum from Australia's regulator. Australia's wireless spectrum has been sold off to the consortium of Telstra Corp, Singapore Telecommunications Ltd's Optus unit and TPG Telecom Ltd.
Virtus expects a price per share between Aus$4.92 and Aus$5.68 and earnings of as much as Aus$449.4 million.
