Coca-Cola to buy 29 percent stake in Indonesian unit for $500 million
Coca-Cola Co (KO.N) will help out Australian affiliate Coca-Cola Amatil Ltd (CCL.AX) by taking a minority stake in a struggling Indonesian unit for $500 million.
Oceania
US, Australia Introduce Uncrewed Underwater Manta Ray Drone
A new underwater drone has successfully completed its first trial, showcasing its ability to navigate through the depths of the sea without being detected.
Australia: Small Plane with 3 Aboard Takes Emergency Landing in Newcastle Airport Without Landing Gear After Burning Off Fuel
A small plane with failing landing gear landed safely after nearly four hours of circling a regional airport...
RBNZ Expects 2.3% Drop in New Zealand’s Q2 Inflation Rate
The Reserve Bank of New Zealand is expected to report a drop in its second quarter 2024 interest rates, which could be estimated to be at 2.3%...
Prominent Australian Businessman Dies After Head Repeatedly Hit With 'Blunt Object' Inside Home; Killer Still on the Loose
A man brutally beaten in his home in Queensland, Australia, before dying in a hospital 10 days later, has been identified as prominent businessman Jim Hill, and his killer is still on the loose...
Body Found After P&O Pacific Adventure Cruise Ship Passenger Fell Overboard Near Sydney Harbor
A body has been found during the search for a person who was reported ...
Australia's Macquarie Bank Terminating Cash Transactions in All Branches as It Shifts to Fully Digital Banking Services
Australia's Macquarie Bank will eliminate the use of cash at its branc...
Latest News
Adani taps Morgan Stanley to help sell Australia port stake
India's Adani has appointed Morgan Stanley to advise on the possible sale of a stake in its Abbot Point coal port in Australia, as it looks to raise funds to help finance a A$7 billion ($6.2 billion)
Australia's CSL buys Novartis influenza vaccine unit for $275 million
Australia's CSL Ltd (CSL.AX), the world's largest blood products company, said on Monday it had agreed to buy Novartis AG's (NOVN.VX) global influenza vaccine business for $275 million.
Australia's Cabcharge says rebuffs M&A talk from NY-listed FleetCor
Cabcharge Australia Ltd (CAB.AX), the country's only listed taxi payment company, said it had rebuffed an approach from FleetCor Technologies Inc (FLT.N) to buy its core payments business.
Australia seeks to raise up to $4.8 billion in Medibank IPO: prospectus
Australian state-owned health insurer Medibank Private said it is planning an IPO that is seeking to raise between A$4.3 billion to A$5.5 billion ($3.7 billion to $4.8 billion).
Virgin Australia buys out Tiger Australia joint venture for nominal A$1
Loss-making budget airline Virgin Australia Holdings Ltd (VAH.AX) will buy full control of its ailing 60 percent-owned Tiger Australia Airways business for just A$1, signaling plans to cut a bloated f
Weak German output numbers send Europe into reverse
A second day of weak German data sent European markets into retreat on Tuesday with stocks, the euro and periphery euro zone government debt all knocked by the mounting evidence of an abrupt slowdown
Australia clears Expedia's $610 million Wotif.com takeover
Australia's antitrust regulator on Thursday cleared online travel giant Expedia Inc to buy local rival Wotif.com Holdings Ltd, saying it did not expect the A$699 million ($610 million) deal to substan
Dollar surges anew, euro zone data eyed
The dollar rose to new multi-year highs against the yen, euro and a basket of currencies on Monday, a three-month-old rally showing no signs of dissipating before a week of important economic set piec
Australia's Treasury Wine rejects $3 billion takeover bids, shares dive
Australia's Treasury Wine Estates Ltd (TWE.AX), one of the world's biggest wine companies, rejected takeover offers from private equity firms saying bids that valued it at $3 billion were insufficient
