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Posts Tagged ‘australias’

Hastings in Australia’s World Cup squad, Siddle dropped

Peter SiddleFast bowler Peter Siddle was excluded while inexperienced all-rounder John Hastings found a berth in Australia’s 15-man World Cup squad that was annunced here Tuesday. Skipper Ricky Ponting and veteran Michael Hussey were named in the squad despite injuries. Ponting is recovering from a finger fracture while Hussey suffered a serious hamstring injury Sunday. Hussey [...]

Singapore Exchange CEO says to apply to Australia’s FIRB in a few weeks

Singapore Exchange said on Tuesday it plans to submit its application to Australia’s Foreign Investment Review Board (FIRB) regarding its planned US$7.8 billion ($10.03 billion) merger with Australian bourse operator ASX (ASX.AX) in a few weeks.
 
“We received a lot of comprehensive and insightful questions from FIRB and we are now dilligently going through the answers for their questions. Therefore as soon as that is done, we will submit our FIRB application. I can imagine that will take another few weeks,” said Singapore Exchange CEO Magnus Bocker.
 
Singapore Exchange said earlier it was on track to complete a takeover of Australian bourse operator ASX (ASX.AX) in 2011.
 
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Australia’s Ponting goes in to bat for his job

Ricky PontingAustralian cricket captain Ricky Ponting Saturday declared himself fit to play in the crucial fourth Ashes Test against England in Melbourne Sunday. The out-of-form batsman, who broke his little finger last weekend in the Perth Test that put the local side back in the game, admitted another low score Sunday would jeopardise his inclusion in [...]

GIC among bidders for Australia’s Centro shopping malls

Australia’s Centro Properties Group has received A$13.5 billion ($17.5 billion) worth of indicative bids for its shopping malls, with top bidders including Australian and Singapore investors, the Sydney Morning Herald said on Monday.

Among the interested buyers for some or all of Centro’s assets up for sale are Westfield, Lend Lease’s Australian Prime Property Fund, CFS Retail Trust, Queensland Investment Corp, and the Singapore Government Investment Corp (GIC), the paper said without citing its sources.

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Smith not ready to replace Hauritz as Australia’s No 1 Test spinner” Muralidaran

Spin legend Muttiah Muralidaran has said that all-rounder Steve Smith is not ready to replace under-pressure Nathan Hauritz as Australia’s Test spinner. Hauritz’s position in the Test team came under renewed scrutiny when he was attacked by Victoria batsman David Hussey in the Sheffield Shield match at SCG, returning figures of 0-57 from nine overs. [...]

Australia’s Greens won’t back Singapore Exchange bid for ASX

Senator Bob Brown, leader of the Greens party in Australia, said Singapore Exchange should not be allowed to buy ASX citing concerns he has with the proposed deal and its impact on the “national interest.” “The Greens will not be facilitating or supporting this takeover,” Brown told reporters in Canberra today.

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SGX agrees $10.7b takeover of Australia’s ASX

Singapore Exchange (SGXL.SI) unveiled an agreed A$8.4 billion ($10.7 billion) takeover of Australian bourse operator ASX Ltd (ASX.AX), marking the first major consolidation of exchanges in the Asia-Pacific region.

SGX, Asia’s second-largest listed bourse, offered a combination of A$22.00 in cash plus 3.473 of its own shares for each ASX share. It said in a joint statement with the ASX on Monday that the offer valued ASX shares at A$48.00 each, a 37% premium to ASX’s last trade.

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Australia’s ASX in talks for business combination

Australia’s ASX <ASX.AX> has resumed talks with another party about a possible business combination, the stock exchange operator said on Friday, amid speculation it is looking at merging with an overseas bourse.

Separately, the Singapore Exchange <SGXL.SI>, one of the rumoured potential partners for ASX, called a halt to trading in its shares at around the same time as the ASX announcement. The Singapore exchange operator made no immediate comment.

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Australia’s SPIAA prices $612m 5-yr bond

SPI (Australia) Assets Pty Limited (SPIAA), a wholly-owned unit of Singapore Power, has more than doubled a five-year bond issue to A$500 million ($612 million) and priced it at 185 bps. 

The bond sale, initially launched with a minimum size of A$200 million at 180-185 bps, will help refinance bank loans. 

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Singtel says no plans to float Australia’s Optus

Singapore Telecommunications (STEL.SI), Southeast Asia’s biggest telecom firm, said on Thursday it had no plans to list its wholly-owned Australian subsidiary, Optus.

Local media have long speculated Singtel may look to float around a quarter of its share in Optus, which might be worth up to A$4 billion ($4.9 billion), to fund expansion in other markets.   

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Peabody hikes bid for Australia’s Macarthur

Peabody Energy <BTU.N> has raised its offer for Macarthur Coal by 14% to US$3.8 billion ($5.2 billion), in what could be a knockout blow in the bidding war for the Australian miner.
 
US miner Peabody’s all-cash offer of A$16 per share on Thursday trumped a sweetened cash and share offer worth A$14.50 ($18.60) a share from Macarthur’s local rival New Hope Corp.

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Peabody raises bid for Australia’s Macarthur

Top US coal miner Peabody Energy has raised its offer for Australia’s Macarthur Coal by 8% to A$3.56 billion ($4.6 billion), after Macarthur rejected its first offer last week.

The move came as Peabody tried to thwart Macarthur’s plan to take over smaller rival Gloucester Coal in a deal that would make Singapore’s Noble Group Macarthur’s biggest shareholder with a 24.6% stake.

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SingTel’s Optus float depends on Australia’s NBN, Review says

Singapore Telecommunications is waiting to see what role its Optus unit takes in Australia’s national broadband network before proceeding with a partial float of the business, the Australian Financial Review said.

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Australia’s head swim coach Alan Thompson accused of inappropriate behavior

Swimming Australia says the country’s head swim coach Alan Thompson has taken personal leave following a claim of ”inappropriate behavior”. Swimming Australia chief executive Kevin Neil said Monday an anonymous and unsubstantiated claim of inappropriate behavior had been brought to the

Australia’s Rudd says no intention to call snap poll

Australian Prime Minister Kevin Rudd said on Friday he had no intention of calling a snap election, despite parliamentAustralian Prime Minister Kevin Rudd said on Friday he had no intention of calling a snap election, despite parliament’s rejection of his government’s promised plan to cut greenhouse gas emissions. In the biggest setback to Rudd’s agenda since his 2007 election victory, the upper house Senate