ST GEORGE Bank has suffered a blow to its bargaining position in its agreed $18 billion merger with Westpac after the revelation in a US debt-funding document that its credit rating could be downgraded if the union does not proceed.
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WHEN Richard Branson decided to add health clubs to his sprawling Virgin empire, he stipulated two important criteria.
MACQUARIE Airports will sell part interests worth $1.5 billion in Brussels and Copenhagen airports to turn around a dismal first half loss of $274.3 million.
SHOPPINNG centre group Centro has been walloped by the slumping US retail sector, with its US arm posting a quarterly loss of nearly $US300 million ($344.5 million).
BABCOCK & Brown hierarchs Phil Green and Jim Babcock are expected to fall on their swords today, as the financial group begins the unenviable task of digging itself out of a deep debt-lined pit.
BRAMBLES, the world’s biggest pallet supplier, missed analyst estimates with a 7 per cent rise in annual net profit from continued operations, sending its shares down over 13 per cent.
THE share market closed firmly in the black after a stronger commodity prices drove resources sector higher, helping to ovecome a negative lead from Wall Street.
COAL seam gas producer Queensland Gas Company has agreed to an $830 million merger with Sunshine Gas, the proponent of a rival liquefied natural gas development.
CHINESE share prices surged 5.89 per cent by midday today amid speculation that the authorities will soon launch new measures to boost the ailing stock market, dealers said.
WORLD oil prices rose in Asian trade today on fresh supply concerns after key producer Venezuela indicated it could ask OPEC to cut output, dealers said.
