In a bid worth AUD1.5 billion, Westpac stands to acquire the asset finance and commercial lending units of Lloyds Banking Group in Australia.
Australia
Boral's shares surge after announcing joint venture
The shares of Australian building materials maker Boral Ltd had surged after the announcement of a joint venture with US peer USG Corp valued at USD1.6 billion.
Boral and USG Corp announces joint venture
Australia's Boral Ltd and US peer USG Corp had announced a joint venture which would be equally owned by 50% of each company, said the companies in a statement.
Freelancer.com files for IPO, to raise USD14.2 million
Job outsourcing marketplace Freelancer.com had filed for a public listing on the Australian Stock Exchange, according to the company's announcement today.
Australian and New Zealand stocks fells amid US deadlock
The stocks of Australia and New Zealand fell as the deadline to settle debt for the United States looms near, said a report from Bloomberg.
