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Zinc producer Nyrstar NV said the 40 percent super tax on mining companies in Australia could keep them from expanding their business in the country, although current operations won't be affected. In an interview today, Nyrstar’s legal and external affa...
Commodity Markets (May 6th, 10)
A couple of weeks after revealing annual results which were far below even the low expectations of investors and analysts, Sigma Pharmaceuticals Ltd. Chief Executive Elmo de Alwis announced today that he has resigned from his CEO position. Although having off...
Australia (Apr 15th, 10)
With a lot of uncertainty swirling around Telstra (ASX:TLS), chief executive officer David Thodey is making a number of moves to solidify the top ranks in order to deal with the perception the company is in turmoil. One of those moves is Big Pond head Justin ...
Australia (Mar 28th, 10)
With much at stake, a Rio Tinto executive confessed he had taken bribes, and now Stern Hu faces up to 20 years in prison as a result. Hu was the lead negotiator for iron ore for Rio Tinto with China. It's hard to tell if the sentencing will take into account ...
Australia (Mar 22nd, 10)
The upcoming trial of four employees of Australian-based Rio Tinto (LON:RIO) are going on trial for commercial espionage in China next week, and China has warned Australia not to politicize the trial. After taking some time to smooth over some ruffled feather...
Australia (Mar 18th, 10)
Telstra Corp. is the largest telecommunications company in Australia, and run by Chief Executive Officer David Thodey. In a recent interview with the Wall Street Journal, Thodey talked about the challenges he faces as the legacy business of the company continu...
Telecommunications (Mar 14th, 10)
If Royal Dutch Shell (NYSE:RDS-B) or PetroChina want to successfully acquire Arrow Energy of Australia, they will probably have to increase the offer as high as 55 cents a share to land the company. That would bring the overall valuation of the company to $3.4...
Australia (Mar 12th, 10)
Arrow Energy (ASX:AOE) received bids from state-managed PetroChina and Royal Dutch Shell to be taken over by the energy giants. Based in Queensland, Australia, Arrow Energy produces coal and natural gas. Australia in general has been resistant to doing deals...
Business (Mar 8th, 10)
The Business Council of Australia, an Australian lobby group, is pressuring the federal government in the country to quickly bring the budget back to surplus in order to turn its attention to increasing the productivity capacity of the country. Similar to oth...
Australia (Feb 14th, 10)
Large Australian investment firm Macquarie Group Ltd. sold the majority of its real-estate management business to Charter Hall Group for approximately $267 million. The major purpose for divesting in the division is in order to distance itself from the listed...
Australia (Feb 12th, 10)
Four employees from Rio Tinto (LON:RIO) have been indicted by China, with three being Chinese nationals and the fourth an Australian named Stern Hu. The three Chinese are Ge Minqiang, Liu Caikui and Wang Yong. Charges against the four are for bribery and ille...
Australia (Feb 10th, 10)
It looks like easy times are over for banks in Australia, as the federal government announced it is withdrawing its wholesale guarantee and deposit support, which should generate healthy competition among the major banks concerning financial services offered. ...
Australia (Feb 7th, 10)
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