Australias
Watchdog takes aim at Australia’s supermarket duopoly
AUSTRALIA’S competition watchdog sued the country’s two biggest grocery chains on Monday, alleging “discount” offers on hundreds of staples were more expensive than original prices.The regulator said Woolworths and...
Australia’s Harvey Norman served with class action over warranties
AUSTRALIA’S biggest appliance retailer Harvey Norman and one of its units have been served with a class action lawsuit on behalf of consumers who were allegedly sold bad warranties,...
Australia’s RBA to prioritise wholesale CBDC work over retail
AUSTRALIA’S central bank has decided to prioritise work on a wholesale central bank digital currency (CBDC) as its economic benefits are judged to outweigh those of a retail version,...
Australia’s plan to scrap AT1 bonds unlikely to affect Singapore banks
SINGAPORE banks are unlikely to face any near-term impact from a proposal by Australia’s banking regulator to phase out the use of additional tier-1 (AT1) bonds, analysts said.The local...
Olam raises bid for Australia’s Namoi Cotton to A$0.75 per share
This comes days after independent directors of Namoi unanimously recommended that shareholders accept Louis Dreyfus Company Melbourne’s takeover offerTHE tussle for Australia’s largest cotton ginner is heating up as...
Blackstone to Acquire Australia’s AirTrunk in A$24 billion deal
Blackstone has agreed to acquire AirTrunk in a deal valuing the Australian data centre operator at A$24 billion (S$21.02 billion), including debt and capital expenditure for committed projects.The New...
Australia’s REA Group considers buying UK-based Rightmove
AUSTRALIAN real estate firm REA Group said on Monday (Sep 2) it is considering acquiring London-listed peer Rightmove via a possible cash and share offer.REA Group, majority-owned by News...
Australia’s Domino’s served with class action on ‘misleading’ Japan market comments