In a significant development, Australia and Germany signed a bilateral partnership on hydrogen production and trade with the aim to facilitate renewable energy-based hydrogen supply chain between the two countries. German economy Minister Peter Altmaier along with German Education and… Read More ›
Despite China’s anti-Australia rhetoric, ongoing trade between the two countries is evidence of the ongoing relationship, pointed out Australian Prime Minister Scott Morrison. Beijing’s criticism of Australia is aimed at its domestic audience for political gains. While bilateral relationship between… Read More ›
Lured by the launch of new boutique advisory firms, Australian expatriate investment bankers are returning home in large numbers, in what is likely to be signs of a strong economic rebound following the coronavirus-induced COVID-19 pandemic which triggered a recession…. Read More ›
On Monday, Australian casino operator Crown Resorts Ltd said it is not interested in U.S. private equity giant Blackstone Group Inc’s buyout offer since it undervalued its assets and the potential deal would not be in the best interest of… Read More ›
On Monday, Australian casino operator Star Entertainment Group proposed an all-stock acquisition of larger rival Crown Resorts Ltd in a deal that valued at $7 billion (A$9 billion); the deal sees Star Entertainment Group tying up with two private equity… Read More ›
On Thursday, in a statement Australia’s Westpac Banking Corp said, it has decided to sell its lenders mortgage insurance (LMI) business to Arch Capital Group; the deal sees Arch Westpac becoming an exclusive LMI supplier for the next decade. The… Read More ›
On Friday, in a statement Australia’s aviation regulator stated, it will lift its ban on flights to and from the country that use Boeing Co’s 737 MAX aircraft. The development marks Australia as the first nation in the Asia-Pacific region… Read More ›
Australia’s antitrust regulator has raised initial concerns over Aon’s $30 billion acquisition bid for Willis Towers Watson which aims to create the world’s biggest insurance broker. The development comes in the wake of similar moves by EU antitrust regulators. In… Read More ›
In a significant development, Australia has blocked a Chinese construction company from buying out a domestic builder involved in several high-profile projects, citing national security concerns, reported local media reports. In a regulatory filing to the Johannesburg stock market filing… Read More ›
Continuing its efforts in an attempt to bully Australia, on Friday, China’s Ministry of Commerce said, it will temporary impose anti-dumping measures on Australian wine from November 28, 2020. The move will further escalate trade and diplomatic tensions between Canberra… Read More ›
