‘Minegolia’ Struggles With IPOs
Mongolia is finding it far harder to get its biggest mining companies listed overseas than to dig the raw materials out of the ground.
Australian Fund Manager QIC To Sell Facebook Shares
One of Australia’s largest fund managers intends to sell its shares in social media giant Facebook, now that it’s public.
BlackRock Picks Ex-Goldman Exec to Head Australia
Global asset manager BlackRock has appointed Justin Arter as its Australian Country Head, three months after Damien Frawley announced he would leave the role to become QIC’s Chief Executive.
Ross King Retires From Goldman Sachs Australia
Goldman Sachs managing director Ross King has retired from the Wall Street bank, and will spend his last day at the group’s Sydney office on Aug. 9.
Western Australia Goes Sovereign
The global sovereign wealth fund club has a new member: Western Australia.
Knives Are Out, But Will BHP and Rio Cut?
BHP Billiton and Rio Tinto have signaled that harder times lie ahead for global miners but have given little indication of where the cuts, if any, will come to the billions of dollars worth of mining projects that both have in the pipeline in Australia...
GE Continues to Bet on Aussie Mining Boom
General Electric Co. continues to bet big on Australia as it acquires a mining services firm Down Under.
As Aussie Falls, Australian Deals Get an Edge
The Australian dollar is buckling under the strains of a slowing domestic economy and Europe’s deepening debt crisis, making the country cheaper for foreign companies and overseas investors looking to buy Down Under.
Caisse-led Consortium Lobs $1.25 Billion Bid In Battle For Hastings
The battle for energy infrastructure player Hastings Diversified Utilities Fund has heated up following the receipt of a conditional takeover bid which values it at 1.25 billion Australian dollars (US$1.25 billion).
Macquarie Pares Asia FX, Fixed-Income Trading Unit
Macquarie Group Ltd. has shed six positions at its Asia fixed-income division in Singapore, part of a wider move to trim operations globally and focus on the business lines that show the greatest promise.
Pacific Brands Ends Talks with KKR
Australian clothing and linen maker Pacific Brands said Tuesday that a takeover bid for the company was unlikely in the near term.
Can Inman Turn Billabong’s Tide?
Australia-based surf and sports wear retailer Billabong International on Wednesday installed Laura Inman, the former boss of discount department store chain Target Australia, as its new chief executive. Ms. Inman replaced Derek O’Neil.
