In a significant development, Australia stated, its Foreign Investment Review Board (FIRB) will assess all foreign investment proposals so as to prevent a distressed sale of corporate assets. On Monday, Australia’s Treasurer Josh Frydenberg stated, the temporary reduction to zero… Read More ›
On Tuesday, Australian clothing retailer Cotton On Group stated, it is investigating a Chinese supplier over fears that it uses forced prison labor. The development comes in the wake of British supermarket operator Tesco PLC suspending ties with the same… Read More ›
On Friday, in a local court a magistrate presiding over a case which is yet to go to trial, was presented with a four-word handwritten note by a JPMorgan Chase & Co banker which was presented by Australian prosecutors as… Read More ›
On Tuesday, as per a statement from Australia’s corporate regulator, the life insurance arm of Commonwealth Bank of Australia has pleaded guilty to 87 counts of breaching a law banning sales staff from making unsolicited calls to sell financial products…. Read More ›
Arnott’s Biscuits is a brand that belongs to Campbell Soup Co. This is the second time in a week, that an offshore business has acquired an Australian food and drink business. According to a report from the Australian Financial Review,… Read More ›
Allegations of AMP Ltd charging “unjustifiably” high fees for an extended period of time had surfaced in 2018. On Thursday, Australian wealth manager AMP Ltd stated it would defend itself against a new class-action lawsuit filed on behalf of pension… Read More ›
Chinese customs has stopped importing Australian coal with the Chinese foreign ministry stating this is a “completely normal” practice. While China has always portrayed itself as playing by the rules, its surprising that it did not provide a guidance or… Read More ›
The development assumes significance since the deal is part of Australia’s plan to secure its trade interests in the strategic Asia-Pacific region. On Monday, Australia signed a production contract with French shipbuilder Naval Group for a fleet of twelve new… Read More ›
While in the past German policies have been guided by business interests rather than strategic factors, surely Germany, Europe’s biggest and strongest economy, has gained from history’s strategic insight and will take the right decision. Senior German officials are telling… Read More ›
By pitching its $2.4 billion offer for Australian office landlord Investa Office Fund, Oxford Properties Group has bested Blackstone’s A$90 million offer. On Wednesday, Investa Office Fund, an office landlord in Australia stated, it is adjourning a planned shareholder… Read More ›
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