Australia&#39;s AWB To Sell 1.5M Tons Wheat To China
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CANBERRA (Dow Jones)--Australian exporter AWB Ltd. (AWB.AU) on Monday announced a new sale of 1.5 million metric tons of wheat to China National Cereals, Oils &amp; Foodstuffs Corp.
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India, the world's leading grains producer, is expected to produce a record wheat crop of 79 to 80 million tonnes in the summer season if the weather continues to be good, a farm ministry official said on Wednesday.
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THE Commonwealth Bank is set to become the first Australian financial institution to enter mainland China&#39;s commercial and retail banking sector.
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Chinese flag carrier Air China signed a USD$1.3 billion deal to buy 23 new Airbus jets on Monday during a visit to Beijing of German Chancellor Gerhard Schroeder.
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China signed contracts Monday worth nearly &#36;2.1 billion to buy 23 Airbus jetliners and other German industrial goods.
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SYDNEY: Commonwealth Bank of Australia Ltd. said yesterday it was in advanced talks to buy a strategic stake in China&#39;s Jinan City Commercial Bank, based in Shandong Province.
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MELBOURNE (Dow Jones)--Commonwealth Bank of Australia (CBA.AU) may acquire up to 20% of mid-sized Chinese bank Jinan City Commercial Bank to secure a foothold in China&#39;s growing finance services sector.
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AWB Ltd., Australia&#39;s monopoly wheat exporter, won a contract worth about A$340 million ($267 million) to supply China National Cereals, Oils and Foodstuffs Corp.
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Australian mining company WMC Resources Ltd. on Thursday forecast record profits for 2004 and announced plans to return up to 1 billion Australian dollars (US$761 million; euro570 million) to shareholders
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Goldcorp Inc., Canada&#39;s fourth- largest gold producer, has agreed to buy Wheaton River Minerals Ltd. for $1.8 billion in stock, giving Goldcorp its first assets outside of North America, Chief Executive Robert R. McEwen said.
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driven by China&#39;s insatiable demand for Australian coal - are expected to boost national export earnings by $12.5 billion this year.
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AWB Ltd , Australia's main wheat exporter, said on Friday a new class action had been filed against it and its United States subsidiary AWB (USA) Ltd in a U.S. district court by lawyers acting for Iraqi citizens.
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BEIJING - A group of state-owned Chinese companies has agreed to help finance and build an iron ore and infrastructure project worth nearly $2 billion (Australian) in the Pilbara region of western Australia.
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BHP Billiton&#39;s Australian investors will collect $1.5 billion from a buyback announced by the global miner yesterday. But the move will leave foreigners with a stronger presence on the BHP share register because they can&#39;t participate.
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TRANS-Tasman beer and wine group Lion Nathan is selling its Chinese beer business to the second largest brewer in China for $US154 million ($219 million).
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The company said it is selling the unit to Standard Chartered for nearly $1.1 billion so it can focus on its core credit card business.
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BHP Billiton, the world&#39;s biggest miner, approved a total of $1.5 billion to expand its copper and iron ore output amid increasing global metals demand led by China.