Chevron exits Caltex Australia in record $4.61b block trade
![Chevron remains one of the biggest overseas investors in Australia.](/web/20150327100445im_/http://businesscalendar.smh.com.au/content/dam/images/1/m/9/n/r/j/image.related.thumbnail.192x128.1m9km3.12uo4t.png/1427443448726.jpg)
US oil major Chevron has decisively taken the long-awaited step to exit Caltex Australia, selling its 50 per cent stake for $4.62 billion in the country's biggest ever block trade.
Adelaide private hospital St Andrew's has plenty of qualities to make it a takeover target but its unusual corporate structure means that nobody has the power to hand over the keys.
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Tech giants like Apple, Google and Facebook are taking their financial talent from Wall Street.
The billionaire's taste for junk food is well known. His latest deal, the merger of Kraft and Heinz, makes for an artery-clogging menu.
If these price falls have served any purpose, it’s to remind us of the risks faced by those who invest their retirement savings in mining, oil and gas.
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Investors were happy to jump back into bluechips such as the banks and out-of-favour supermarket owners, as shares trimmed the week's losses in the final session.
Energy stocks were up, but the banks were dumped as concerns about the US economy resurfaced.
One of the world's top investors has challenged the ability of BHP Billiton and Rio Tinto to sustain their dividend growth as their pricing power erodes with declining commodity prices.
The Abbott government should change the law so that it places the burden of proof on the Australian Taxation Office.
'Bear' strategist Gerard Minack has a stark warning about the Australian economy.
Brett Blundy's recently listed fast-fashion jewellery retailer Lovisa has made its first offshore acquisition.
Australia's competition watchdog is monitoring the global food giants' merger for any possible consequences for Kraft's spin-off.
Police have charged a second banking IT executive for corruptly receiving payments from a supplier.
Banks will use submissions to Treasury on the financial system inquiry to lobby against charging an up-front fee for the financial claims scheme.
Competition lawyers say it will be very difficult for the watchdog to prosecute Mr Forrest over his offer to put a cap on production.
One of the world's top investors has challenged the ability of BHP Billiton and Rio Tinto to sustain their dividend growth.
Tech giants like Apple, Google and Facebook are taking their financial talent from Wall Street.
Warren Buffett's taste for junk food - namely Cherry Cokes and ice cream - is well known. His latest deal, the merger of Kraft and Heinz, makes for an intriguing (if not artery-clogging) menu.
The operator of a Chinese-language real estate website says FIRB's crackdown on foreign investors is "racist".
Increased use of the yuan as one of the world's reserve currencies will force China to restructure more radically than its leaders may realise.
A Chinese investor has paid a lucky $8.888888 million for a small piece of Collins Street.
Easy monetary policy globally is spurring demand for the nation's office buildings, even as vacancies climb and rents fall, raising risks of a future price slump.
Regulators' ability to uncover and prosecute illegal residential property buying by foreigners is "sorely limited" and such sales are "inevitable", the Foreign Investment Review Board chairman has admitted.
A Western Australian-based fund manager has bought three sheds in Dandenong South in an off-market deal reflecting a 7.7 per cent yield.
Its makers admit this beer tastes terrible, but say you'd better get used to it.
Base you travel plan around the best-value foreign currencies and you could save a packet.
The system is pushing up existing property prices, encouraging even further levels of geared property investment.
Why are we not yet tired of ritual humiliation on TV?
Reckon you're not? Complete one of these tests to find out for sure.
As French investigators search for clues as to why Germanwings flight 4U9525 crashed, killing all 150 on board, there's a lot at stake for the companies involved.
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