A Telstra-owned company spent more than $300,000 to buy a Hong Kong advertising business that was half-owned by the wife of one of its most senior Asian executives and directors.
Property group Australand has rejected an ''unsolicited, indivative, non-binding and incomplete'' offer from rival Stockland at an equvalent price of $4.20 per share, equal to $2.4 billion.
A new book means all the world is talking about HFT - everyone it seems but the people who should be talking about it.
For many there is little difference between home and work, causing problems for both.
The Australian dollar has plunged by more than three-quarters of a cent, slipping below US93¢ as softer-than-expected inflation figures and as Chinese manufacturing activity slowed for the fourth-straight month.
Consolidation in the Australian resources sector is creating a serious shortage of investment opportunities, and some fund managers say it’s leaving them with no choice but to build portfolios which are dominated by offshore companies as a way to gain exposure to commodities like gold.
Hotels are more optimistic about profits this year than last year, helped in part by an increase in the number of Australians planning to spend more on their holidays at home and abroad, says the latest biannual TripAdvisor TripBarometer survey.
The Cambridge Tavern at Fairfield, Sydney is the latest pub to hit the market with a price expectation of more than $20 million.
Singapore Airlines will reduce its A380 services to Sydney and Melbourne, leading to a further cut in capacity on the Australia-Singapore route.
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