AXA Asia funds shrink by $10b
Axa Asia Pacific Holdings, a unit of Europe's second-biggest insurer, said funds under management fell 10% in the first quarter amid the decline in global financial markets.
Westfield goes for Olympics gold
WESTFIELD Group shrugged off concerns about the global credit squeeze and a weakening British economy as it received a green light for its proposed £1.5 billion ($3.13 billion) retail and leisure development at Stratford City, the new home of the athletes' village for the 2012 Olympics in London.
Lend Lease to build eco-friendly schools
Lend Lease Corporation Ltd has achieved financial close to build two eco-friendly schools in England, the company says.
GPT cuts income guidance to $464m
GPT Group cut its guidance for full-year operating income to $464m from $633m due to the deterioration in global credit markets.
07/07/08
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IAG rejects QBE merger offer: 'too low'
Insurance Australian Group has rejected a $7.45 billion takeover offer from rival QBE Insurance Group as too low.
Babcock plunges further
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling almost a third in early trading.
Babcock & Brown Shares Fall Further
Babcock & Brown's shares plunged 24%, extending their recent sharp fall, on concerns about the company's debt position, even after it clinched a $7 billion deal to buy the...
Babcock & Brown Shares Fall Further
Babcock & Brown's shares plunged 24%, extending their recent sharp fall, on concerns about the company's debt position, even after it clinched a $7 billion deal to buy the...
Suncorp can't explain share price surge
The Australian Securities Exchange has issued a "please explain" to Queensland-based banker and insurer Suncorp Metway over the sudden surge in its share price.
St George on track for earnings target
Takeover target St George Bank says it remains on track to meet its earnings growth target for fiscal 2008 and that its credit quality remains strong. 
Babcock & Brown Power Short-Circuited
Australian investment co.'s value falls by a fifth on problems with disruptions of gas supply at its energy subsidiary, prompting short-selling that calls into question its debt...
Babcock & Brown In Tight Spot As...
Aussie investment co.'s value falls by more than a quarter on problems with gas supply disruptions at energy unit, prompting a sell-off that calls into question its debt covenants.
B&B in freefall as woes mount
BABCOCK & Brown has lost more than $330 million this year from the value of its investments in the listed funds it manages, raising the prospect of significant write-downs that...
Babcock & Brown raises Tricom exposure
Babcock & Brown says it has increased its exposure to troubled stockbroking firm Tricom.
War of words over Opes will leave...
Reputations are going down with a very leaky ship, writes Colin Kruger.
ANZ makes Opes offer
ANZ Bank offers Opes Prime's administrators a 62-cents-in-the dollar settlement.
Babcock & Brown Power set to omit distribution
Babcock & Brown Power said it won't pay a second-half distribution, joining a growing list of infrastructure operators looking to strengthen its balance sheet.
Australian merchant bank Babcock and Brown faces lenders
Babcock & Brown Ltd., Australia's second-largest merchant bank that last week lost half its market value, is accelerating an examination of its listed funds as it faces its bankers over a potential review of its 2.8 billion Australian dollars (US$2.7 billion) corporate debt facility.
Insurance Australia Loses Its Head (CEO)
Chief Executive Michael Hawker steps aside, following the auto and home insurer's dimming outlook and much crtiicism, having spurned a rich takeover bid from QBE Insurance Group.
ANZ Bank pipped in Hong Kong bank bid
China Merchants Bank pips ANZ Bank as the preferred bidder for Hong Kong's Wing Lung Bank.
05/23/08
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Gunns shares drop on ANZ pullout reports
Gunns' shares have fallen sharply in early trade on the back of reports the ANZ Bank will not fund the controversial $2 billion Tasmanian pulp mill.
Merrill says good 'buy' to QBE
QBE Insurance is unlikely to have another tilt at Insurance Australia Group and there are plenty of other companies for it to buy, a broker says.
Australia's QBE drops 8.35 billion US...
AFP - Australian-listed global insurance group QBE Insurance said Wednesday it had withdrawn an 8.7 billion (8.35 billion US) dollar takeover bid for Insurance Australia Group...
Volatile credit markets may dent...
Macquarie Group admitted yesterday that volatile credit markets might break
its 16-year run of rising profits next year, even as it said that the
squeeze may be easing.
Macquarie Group annual profit up 23%
Macquarie Group has delivered a 23 per cent lift in annual profit but says it may be a challenge to repeat its performance this year due to volatile markets.
IAG rejects QBE's sweetened $8.7b bid
Insurance Australia Group Ltd's board says it cannot recommend QBE Insurance Group Ltd's "inadequate and incomplete" revised $8.7 billion proposal.