Results for Australia
- Timbercorp's Forestry Assets Sold for $345 Million
Timbercorp’s forestry assets have been sold for about $345 million to Australian Bluegum Plantations, a wholly owned subsidiary of US timber investment fund Global Forest Partners, The Australian reported. The company intends to set up its headquarte ...
Daily Headline - global.abi.org - 10/01/2009 - 08:33 - 0 comments
- Australia Court Allows Claims Against Lehman
An Australian court has ruled that local governments can pursue financial claims against collapsed U.S. investment bank Lehman Brothers in Australia and elsewhere, a firm that is funding the litigation said on Monday, Reuters reported. IMF (Australia) Lt ...
Daily Headline - global.abi.org - 09/28/2009 - 08:34 - 0 comments
- Northern Marianas' Pension Fund Facing Receivership
There are signs in the Northern Mariana islands to declare the national pension fund bankrupt, a move that would put an abrupt stop to fortnightly payments to retirees, Radio Australia reported. The Retirement Association has angrily opposed the idea, ca ...
Daily Headline - global.abi.org - 09/11/2009 - 09:03 - 0 comments
- Australian College Collapse: Indian Students Still in Limbo
A senate Inquiry has been told that hundreds of overseas students from the failed Sterling College in Sydney have still not been transferred to new courses, a month after the college collapsed, ABC News reported. The Federation of Indian Students of Aust ...
Daily Headline - global.abi.org - 09/02/2009 - 09:41 - 0 comments
- Voluntary Administration for BabyCo
Nursery furniture retailer BabyCo has gone into voluntary administration and only four of the company's 22 shops in Victoria, New South Wales, Queensland and South Australia will remain open, Big Pond News reported. Deloitte partners Tim Norman, ...
Daily Headline - global.abi.org - 04/21/2010 - 17:14 - 0 comments
- DBS, ANZ, Julius Baer Said to Bid for ING Private Bank Assets
DBS Group Holdings Ltd., Australia & New Zealand Banking Group Ltd. and Julius Baer Holding AG are among potential buyers of ING Groep NV’s private banking operations, three people familiar with the matter said. Amsterdam-based ING, the biggest Dutch ...
Daily Headline - global.abi.org - 08/26/2009 - 08:32 - 0 comments
- Greater Bankruptcy Protection Means More Time to Negotiate Debts
Households wilting under mortgage stress and credit card blowouts are set to receive greater protection from bankruptcy, Australia’s Herald Sun reported. Changes to be unveiled today make it harder for creditors to force battlers into personal insolv ...
Daily Headline - global.abi.org - 08/24/2009 - 10:34 - 0 comments
- Australian Central Bank Signals Rates Might Rise
The policy-making board of the Reserve Bank of Australia said for the first time since slashing rates in late 2008 that there could be risks in leaving interest rates too low for too long, and that it is discussing tightening policy. The central bank als ...
Daily Headline - global.abi.org - 08/19/2009 - 09:28 - 0 comments
- RBA Warns Australians to Prepare for Higher Interest Rates
Reserve Bank governor Glenn Stevens warned Australian homeowners and home buyers today to prepare for higher interest rates from the current "emergency" lows, as the economy starts to strengthen, The Australian reported. The central bank ch ...
Daily Headline - global.abi.org - 08/14/2009 - 07:37 - 0 comments
- Rio Accuser Says Article Was Own Opinion, Used Published Data
The author of an editorial linking Rio Tinto Group’s actions in China to 700 billion yuan ($102 billion) in excess charges for the steel industry said the article was his own opinion and used previously published data, Bloomberg reported. Jiang Ruqin, an ...
Daily Headline - global.abi.org - 08/10/2009 - 01:36 - 0 comments