Australia Goes After Illegal Purchase of Residential Properties

The Australian government is intensifying its crackdown on illegal purchases of residential properties in the country, focusing on foreign buyers. Australia's Treasurer Joe Hockey announced...

Australia Gets Credit Rating Warning Due to Budget Performance

Ratings agency Standard & Poor has warned Australia that the country's AAA credit rating could be lowered if its budgetary performance does not improve...

Greenstone Delays Australia IPO: Reports

Australian media reported Tuesday night that life insurance distributor Greenstone has pulled its plan to raise about USD900m in an IPO in Australia. Both...

Australia’s Myer To Shut Down Stores in Sydney and Melbourne

SYDNEY, AUSTRALIA - Australia's largest department store group Myer is shutting down an outlet in Top Ryde City shopping center in Sydney as part...

Just Eat To Acquire Australian Rival Menulog Group for USD678 Million

SYDNEY, AUSTRALIA - Just Eat, the UK-headquartered online and mobile marketplace for takeaway food, is set to acquire its Australia and New Zealand rival...

Australia’s Honan Insurance Acquires Singapore’s MACS Insurance Brokers

SINGAPORE – Honan Insurance Group, an Australian based insurance and financial services broker with a strong presence in the Asia Pacific region, has acquired...

Reserve Bank of Australia Cuts Interest Rates to Record Low

SYDNEY - The Reserve Bank of Australia (RBA) has decided to lower interest rates to a record low of 2 percent as part of...

Fletcher Building Overtakes Spark New Zealand as NZX’s Largest Listed Company

NEW ZEALAND - Spark New Zealand, a New Zealand-wide communications service provider, is no longer the country's largest listed company by market capitalization after...