ANZ sells UDC to Chinese conglomerate
ANZ Bank New Zealand has sold UDC Finance to China's HNA Group for $NZ660 million as it further streamlines its business.
ANZ Bank New Zealand has sold UDC Finance to China's HNA Group for $NZ660 million as it further streamlines its business.
The new year has greeted Australian stocks with a bull market but 2016 wasn't an easy ride.
The local stock market is set to open higher on the back of a strong night for commodities' markets.
When 10-year US Treasuries trade above 2.6pc, it will mark an end to the three-decade bond bull market, says Bill Gross.
In the weeks after Roger Ailes was ousted as the chairman of Fox News in July, amid a sexual harassment scandal, company executives secretly struck an agreement with a longtime on-air personality who had come forward with similar accusations about the network's top host, Bill O'Reilly.
Jeffrey Lacker's retirement in October will mark the exit of one of the US central bank's most steadfast inflation fighters.
The decline in US crude output that began amid a global slump in oil markets in mid-2014 appears finally to be over.
Dalian iron ore surged to its highest in more than three weeks amid renewed threats to Chinese steel output.
What's really worrying a fund that banks on being scared of everything?
It was in late 2011 when a curious auditor inside construction giant Leighton Holdings stumbled across an odd transaction.
Jack Ma got plenty of good press out of his meeting with the President-elect.
Crown Resorts has announced a major reshuffle of its board, with James Packer returning as a director and Rob Rankin stepping down as chairman.
The gambling mogul's power is almost absolute but how he will use that is anyone's guess.
A slippery oil price and sharp reversal in investor sentiment dragged the ASX into the red for the first time this year.
Hardware performed strongly in the lead-up to Christmas, attracting lots of shoppers, but electrical and recreational goods struggled.
Shares in struggling uranium miner Paladin Energy slumped on Tuesday as it disclosed a complex proposal to restructure its borrowings.
Banks led a broad ASX sell-off, ending a five-day winning streak as the mood among investors turns markedly bearish, with iron ore and gold miners the exceptions.
REA Group has bought a 14.9 per cent stake in Indian real estate listings site PropTiger for nearly $70 million.
A handful of banks have cut the interest rates paid to savers over summer, as average returns on savings accounts dipped below the inflation rate.
Economists are hopeful that a reasonable Christmas shopping period will make for a constructive quarter of consumer spending and help stave off fears of a recession, despite "tepid" retail sales growth in November.
The Nasdaq hits a new record high and shares of veterinary hospital operator VCA soar after Mars said it was buying the company.
Toyota will invest $US10 billion ($14 billion) in the United States, company president Akio Toyoda says, days after US president-elect Donald Trump criticised its planned factory in Mexico.
A popular Abbott government initiative could be given more time if the Small Business Minister gets his way.
Having refunded the pitifully small extra amount she tried to receive for her Gold Coast unit-buying excursion, Sussan Ley will now be able to claim nearly all of it as a tax deduction.
Primary Healthcare managing director Peter Gregg has been charged with two counts of falsifying books and records, prompting calls from analysts for him to step down from the listed company.
Yahoo boss Marissa Mayer plans to leave the board if the sale of its main internet assets to Verizon is completed, while the investment company that will be left will change its name to Altaba.
Yahoo was already a shell of its former self. Now part of the company is getting an obscure new name: Altaba.
Bloomberg discusses what Yahoo CEO Marissa Mayer's resignation from the board will mean for the company
A management shake-up at Crown Resorts, after a horror run in 2016, could leave investors a little confused.
Some can only wonder what it's like to win $55 million dollars but for Queensland's newest millionaires, it's been nearly a week for the news to sink in. Twenty-one Government staff shared a $55 million Powerball jackpot win last Thursday, pocketing more than $2.6 million each but all twenty one winners will deal with this win differently.
A popular Abbott government initiative could be given more time if the Small Business Minister gets his way.
It's not easy to make a killing in the competitive cosmetics industry. These guys have done it.
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