Australia-based mining firm Rio Tinto Ltd purchased C$1.29 billion (A$1.32 billion) worth of shares in Canada-based mining company Turquoise Hill Resources out of contractual obligations but maintained its present stake.
Tags: Business Spectator
Britain to ditch tax on Bitcoin trading
As opposed to the move that other countries are taking, the British government is planning to ditch the tax levied on Bitcoin trading, but the cryptocurrency will still be subjected to corporation and other taxes.
Australian accounting firm Practice Ignition pockets $650K in seed funding
Sydney, Australia-based accounting software maker Practice Ignition pocketed $650,000 in a seed round from investors such as MYOB co-founder Graig Winkler, for the expansion and development of the firm.
Wikipedia co-founder picks up big stake in London mobile provider
Wikipedia co-founder Jimmy Wales picked up a big stake in London-based mobile provider The People's Operator (TPO) in a bid to expand into the US and other international markets.
Aquaint eyes distressed property assets in Australia -sources
Singapore-Malay asset manager and property investor Aquaint Capital is looking to raise fresh capital to acquire distressed property assets across Australia, according to sources familiar with the matter.
Latest News
Canada-based suitor Saputo Inc has lifted its stake in Australia-based dairy supplier Warrnambool Cheese and Butter Factory Ltd for the third time after United Dairy Power backed Saputo's takeover bid.
Canada-based dairy firm Saputo Inc has again increased its stake in its takeover target, Australia-based dairy supplier Warrnambool Cheese and Butter Factory Ltd, from 20.141% yesterday to 21.392%.
Montreal, Canada-based dairy firm Saputo Inc has increased its stake in Australia-based dairy supplier Warrnambool Cheese and Butter Factory Ltd to 20.1%, according to an ASX statement.
Japan-based food and beverage giant Kirin Holdings Ltd has no plans to sell its 9.99% holding in Warrnambool Cheese and Butter Factory Ltd to Canadian firm Saputo Inc as it wants to secure a cheese supply agreement with the latter.
Chinese conglomerate Shenhua has dropped out from the bid for New South Wales (NSW) power generator Macquarie Generation (MacGen), leaving only three bidders, according to a report.
Texas, US-based private investment firm TPG Capital is in a tussle with two other potential buyers of the Australian assets of Netherlands-based petrol and refining firm Royal Dutch Shell, according to a report.
Australia-based private equity group Champ Ventures plans to exit its 42% stake in fleet management and leasing firm SG Fleet via initial public offering (IPO) by the end of 2014's first quarter.
United Dairy Power, the biggest privately owned milk supplier in Australia, is looking to dispose a stake in the firm to an Australian diary investor for an undisclosed sum.
Australia-based investment company Keybridge Capital Ltd is considering a share buyback using its $20.5 million cash in an effort to repel a takeover by its rival Oceania Capital.
