The chief executive of one of Australia's big four banks on Friday echoed BHP Billiton Ltd.'s (BHP) chairman in calling for more flexible working practices, but said he remains confident in the long-term sustainability of the mining boom.
Barclays PLC cut its short-term forecasts for Asian currencies Friday, singling out the Indian rupee, South Korean won and Malaysian ringgit, as the latest flare-up in the euro-zone debt crisis causes investors to flee risky assets.
Hutchison Whampoa Ltd. (0013.HK), the ports-to-telecom operator owned by Hong Kong billionaire Li Ka-shing, has lost a motion in an Irish court to have its EUR2 billlion bid for troubled Irish telecom firm Eircom Ltd. "given due consideration," according to people familiar with the situation Friday.
Hutchison Whampoa Ltd. (0013.HK), the ports-to-telecom operator owned by Hong Kong billionaire Li Ka-shing, has lost a motion in an Irish court to have its EUR2 billion bid for troubled Irish telecom firm Eircom Ltd. "given due consideration," according to people familiar with the situation Friday.
European funding markets have effectively shut down to Australia's banks, the chief executive of Australia & New Zealand Banking Group Ltd. (ANZ.AU) said Friday, raising fresh concern about the local spillover from the region's debt crisis.
International funding markets have effectively shut down to Australia's banks, the chief executive of Australia & New Zealand Banking Group Ltd. (ANZ.AU) said Friday, raising fresh concern about the local spillover from Europe's debt crisis.
Malaysia's Starhill Real Estate Investment Trust (5109.KU) has entered exclusive talks to purchase three Marriott Hotels from Colonial First State's Commonwealth Property Hotel Fund, a person familiar with the matter told Deal Journal Australia.
Russia's London-listed Nord Gold N.V (NORD.LN), the gold producing company, said Friday its first-quarter net profit was down 30% on a year due to lower output, but it expects a strong second half.
Rio Tinto PLC (RIO) has unveiled its latest iron ore mine development plans to start the construction next year of its Turee Syncline project in Western Australia, according to referral documents posted Friday on the Australian government's environmental website.
State Bank of India (500112.BY) Friday topped analyst expectations with a surge in unconsolidated net profit for the January-March quarter, aided by strong interest income as well as a decline in provisions against bad loans and operating cost.
