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Centro's New Chief Rules Out Fire Sale of Assets (Update3) |
 24 Jan 2008 10:47 |
| Centro Properties Group Chief Executive Officer Glenn Rufrano ruled out a fire sale of assets as he seeks to persuade banks to refinance A$3.9 billion ($3.4 billion) owed by the Australian owner of700 U.S. malls.
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Nexus Offers to Buy Anzon Australia for A$648 Million (Update4) |
23 Jan 2008 13:04 |
| Nexus Energy Ltd., the Australian oil company developing a natural gas liquids project, agreed to buy rival Anzon Australia Ltd. for about A$648 million ($564 million) in cash and stock, topping anoffer from Arc Energy Ltd.
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| Allco Plunges as Margin Lenders Force Sale of Shares (Update1) |
23 Jan 2008 12:52 |
| Allco Finance Group Ltd., an Australian manager of assets including ships and aircraft, slumped 26 percent in Sydney after margin lenders forced share sales.
The company is in talks with lenders to stop further sales, it said in a statement after today's rout, which took the stock's decline from its record in February last year to 83 percent.
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Australia Asset Bond Sales May Plunge 47%, Fitch Says (Update1) |
18 Jan 2008 12:59 |
| Asset-backed bond sales in Australia may almost halve this year as investors baulk at buying large amounts of debt tied to mortgages, according to Fitch Ratings.
Bond sales linked to Australian assets may fall to A$30 billion ($26.3 billion) this year from A$56.8 billion in 2007, with only A$10 billion to be sold in the first six months, Fitch said today in a... |
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| Rio Tinto, Planning to Sell Assets, Appoints Banks (Update2) |
17 Jan 2008 10:49 |
| Rio Tinto Group., battling a $112 billion takeover from BHP Billiton Ltd., appointed banks to manage the sale of as much as $10 billion worth of mines and plants.
``Sales programs are under way,'' Guy Elliot, finance director of London-based Rio Tinto, said in a transcript of a conference call to investors yesterday. ``We're finding that strategic buyers are... |
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Australian November Trade Gap Narrows From Record (Update5) |
10 Jan 2008 11:45 |
| Australia's trade deficit narrowed in November for the first time in four months as mining companies shipped more iron, copper, lead and uranium.
The trade gap shrank to A$2.25 billion ($1.98 billion) from a revised A$2.86 billion in October, the Bureau of Statistics said in Sydney today. The median estimate of 15 economists surveyed by... |
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| Australian Dollar Rises to Near 4-Week High; N.Z. Dollar Gains |
10 Jan 2008 11:31 |
| The Australian dollar traded near a four-week high and New Zealand's currency rose for a third day on speculation rising prices in the two economies will prevent the central banks from cuttinginterest rates.
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