J.P.Morgan Names Three Australian Managing Directors
Wall Street bank J.P.Morgan — which is proudly flying the Facebook IPO flag outside its Park Avenue office building — has promoted three Australians to managing director.
J.P.Morgan Names Three Australian Managing Directors
Wall Street bank J.P.Morgan — which is proudly flying the Facebook IPO flag outside its Park Avenue office building — has promoted three Australians to managing director.
Drought-Free Australia Doesn’t Dampen Interest in $2 Billion Desalination Plant
The Federal Government’s announcement that Australia is drought-free for the first time in a decade hasn’t hurt the NSW Office of the Treasurer’s sale process of an up to 2 billion Australian dollar (US$2.03 billion) long-term lease of Sydney’s Desalination Plant.
Malaysia’s CIMB to Meet RBS Morgans
Representatives from Malaysia’s CIMB Group are flying Down Under this week to meet with senior management from Royal Bank of Scotland’s half-owned RBS Morgans, people familiar with the matter told Deal Journal Australia.
CLP Mulls IPO, Full Sale for TRUenergy
Power generator CLP Holdings could be indulging in some smoke and mirrors regarding the fate of its TRUenergy unit in Australia by touting a potential outright sale alongside an initial public offering later this year.
You call that a credit bubble? This is a credit bubble!
The famous (implied) last words of Crocodile Edwards — a.k.a SocGen uber bear, Albert Edwards — this Thursday.Following in the foot steps of colleague Dylan Grice’s...
Australian Gas Project Faces Tests
The commitment of some of the world's biggest oil companies— including Woodside, Chevron, Shell, BP and BHP—to spend more than $30 billion building one natural-gas project is about to be put to the test.
Clive Palmer’s Titanic Venture
The Titanic could finally reach New York, but this time escorted by a Chinese warship.
PEP Weighs In On $757 Million Spotless Deal
Just hours after Spotless Group’s board announced it would endorse a takeover offer from Pacific Equity Partners, the Australian private equity firm’s managing director Rob Koczkar spoke to Deal Journal Australia.
Spotless Board Recommends PEP’s $757 Million Offer
Spotless Group and Pacific Equity Partners have finally come to an agreement, with the board of the global services company unanimously recommending an up to 724.4 million Australian dollars (US$756.7 million) takeover offer, via a scheme implementation agreement.
Macquarie Looks to Sell Sydney Airport Stake
Macquarie Group, the world’s largest infrastructure fund manager, is looking to sell its majority stake in Sydney Airport as it struggles to rebuild its balance sheet after announcing a 24% slump in fiscal 2012 profit to the lowest point in eight years.
Investors Upbeat Despite Macquarie’s Earnings Drop
Macquarie Group’s net profit may have fallen 24% to an eight-year low of 730 million Australian dollars (US$757.5 million) but investors welcomed the result. The stock was 3.5% higher at A$29.42 a share in afternoon trade.
