Australia is expected to remain a hot spot of merger and acquisition activity because of its cashed-up companies, in defiance of a worldwide slump in corporate deals, new research finds.
Australian stocks ended slightly weaker after a day of choppy trade as positive minutes from the central bank's meeting helped investors shrug off the ongoing economic gloom.
The Reserve Bank of Australia (RBA) says it expects global economic growth to stall in the coming year, keeping the door open for more cash rate cuts in 2012.
Australian shares ended near a three-week low as the death of North Korean leader Kim Jong Il brought more uncertainty to a market already riled by a slump in the share price of domestic retailers.
Superannuation funds have posted their worst performance since the height of the global financial crisis in 2008 as the eurozone's debt problems cut returns from capital markets.
Contractor Macmahon Holdings has upsized its syndicated financing facilities from $240 million to $475 million, following a successful half year with the confirmation of around $1.7 billion of new
Australian stocks ended modestly higher as positive leads from the United States helped the local market claw back some ground after a week of heavy losses.
Sydney-based Southern Cross Venture Partners has been appointed by the federal government as fund manager of Australia’s largest renewable energy venture capital fund, making available a total
Law firm Maurice Blackburn will file class actions against the other big banks for charging exorbitant customer fees after the partial success in a court case against ANZ.
Bendigo and Adelaide Bank will pay about $130 million for Bank of Cypress Australia, which caters to the Greek and Cypriot communities in NSW, Victoria and South Australia.
GR Engineering's founding shareholders and key executives have sold $32.4 million worth of shares in the company, reducing their collective stake from 79.3 per cent to 67.3 per cent.
Southern Cross Goldfields has completed a $3.3m capital raising to fund the completion of a feasibility study at its Marda gold project and exploration at the Copper Bore VMS copper-gold project.
Australian stocks fell as fears that France may face a downgrade to its sovereign debt rating sparked renewed concerns about the fall out from the euro zone debt crisis.
Westpac Banking Corporation says volatility in global financial markets is continuing to weigh on the bank's revenue from its markets and treasury business.
Mortgage arrears stabilised during the September quarter and are expected to fall as the impact of the central bank's recent interest rate cuts reach borrowers, Fitch Ratings says.
Australian shares slumped in line with stock markets across Asia as warnings from two ratings agencies wiped out optimism that Europe's debt crisis may be nearing a resolution.
