SYDNEY Treasury Wine Estates Ltd flagged a plunge in core earnings for fiscal 2020 and withheld guidance for the year to June 2021, as coronavirus-related curbs on travel and social gatherings hurt demand for its high-margin luxury wines.
SYDNEY/MELBOURNE Emel Evcin first heard on a phone call with a friend that nearby COVID-19 cases had rendered her Melbourne apartment block quarantined, yet on checking through the curtains, she saw not medical staff but law enforcement.
SYDNEY/MELBOURNE Emel Evcin first heard on a phone call with a friend that nearby COVID-19 cases had rendered her Melbourne apartment block quarantined, yet on checking through the curtains, she saw not medical staff but law enforcement.
SYDNEY Virgin Australia Holdings Ltd bondholders have applied to the Takeovers Panel for approval to allow them to make an alternative proposal to creditors for the sale of the airline to private equity group Bain Capital, the panel said on Monday.
SYDNEY KKR & Co Inc and Apollo Global Management Inc are among potential buyers which have conducted due diligence on National Australia Bank's wealth management unit, three sources familiar with matter told Reuters.
SYDNEY U.S. private equity group Bain Capital said on Friday it has agreed with the administrator of Virgin Australia Holdings Ltd to buy Australia's second-biggest airline for an undisclosed sum, banking on an aviation industry recovery.
SYDNEY Virgin Australia Holdings Ltd bondholders lodged a last-ditch recapitalisation proposal for the struggling airline on Wednesday, seeking to recoup more of their investment and stop its sale to a U.S. private equity firm. | Video
SYDNEY Virgin Australia Holdings Ltd's administrator said on Monday that it had received final offers for Australia's second-biggest airline from Bain Capital and Cyrus Capital Partners and that it hoped to select a preferred bidder by June 30.
SYDNEY, June 17 Strong government support in the Australian securitisation market, one of the Asia-Pacific region's largest after China, is underpinning a surge in investor interest in mortgage-backed bonds at perceived bargain prices.
SYDNEY, June 17 A trial of Westpac Banking Corp over accusations of systemic breaches of money laundering laws that enabled illegal payments between known child sex offenders could take place in the first half of 2021, an Australian court said on Wednesday.
Australia said on Thursday it was suspending its extradition treaty with Hong Kong and announced measures to attract people and businesses from the Asian financial hub, after Beijing imposed a new security law there.