On Monday, Sydney Airport Holdings Pty Ltd said it has rejected an improved bid worth $16.81 billion (A$22.80 billion) from a group of infrastructure investors since it felt it was undervalued; it went on to add, it was open to… Read More ›
Australian
Australia drags China to WTO over economic coercions
In a statement, Australia’s Foreign Minister Marise Payne said, with Canberra dragging Beijing to the World Trade Organisation over the latter imposing anti-dumping duties on wine exports, bilateral negotiations is expected to commence. Last week, the Australian government filed a… Read More ›
Australia, Germany sign bilateral trade agreement on hydrogen trade
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, Beijing continues to be Australia’s biggest trading partner
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 ›
Australian expatriate investment bankers return home, fuel economic growth
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 ›
Australian casino operator Crown Resorts Ltd rebuffs Blackstone Group’s $6.5 billion buyout offer
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 ›
Australian casino operator Star Entertainment Group makes $7 billion acquisition bid for Crown Resorts Ltd
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 ›
Australia’s Westpack Banking Corp to sell its Lenders mortgage insurance business to Arch Capital Group
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 ›
Australia’s Civil Aviation Safety Authority lifts ban on Boeing 737 MAX
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 ›
Australian Competition and Consumer Commission raises antitrust concerns on Aon’s $30 billion bid for Willis Towers Watson
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 ›
manageria.biz 