Australia&#39;s Stockland Plans Statement About GPT
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SYDNEY (Dow Jones)--Australian property investor Stockland Group (SGP.AU) said Monday it sought a trading halt on its securities pending the release of a statement &quot;about a proposal involving General Property Trust&quot; (GTP).
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General Electric Co., the world&#39;s biggest non-bank lender, will buy Australian Financial Investments Group for about $300 million to boost its share of that nation&#39;s mortgage market, people familiar with the plan said.
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Qantas confirmed Wednesday that British Airways plans to sell its 18.25 percent stake in Australia&#39;s flag-carrier over the next two days.
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Negotiations between Australia and East Timor on sharing US$30 billion (euro 24 billion) in Timor Sea oil and gas royalties will likely be finalized by Christmas, Foreign Minister Alexander Downer said Thursday.
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AustraliaÂs national carrier, Qantas, said that it had been approached by Macquarie Bank and the Texas Pacific Group amid speculation of a takeover.
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Australia's conservative government has offered to supply a remote Aboriginal township with fuel if parents agreed to wash their children, under a controversial plan to end health problems plaguing indigenous communities.
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THREE key Australian listed property trusts are preparing to slug it out for greater market share in the UK property market. Westfield Group, Multiplex Group and the soon-to-be-merged Lend Lease Corp Ltd and
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Telstra Corporation has announced details of its plan to invite all shareholders to participate in a $750 milion off-market share buy-back.
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News Corporation management and shareholders have begun gathering in Adelaide for what is expected to be the company&#39;s last annual general meeting in Australia.
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Australia&#39;s inflation rate was contained and gasoline prices may ease in coming months, Treasuer Peter Costello told reporters in Melbourne.
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Payments to Australia's drought-hit farmers could be linked to climate change schemes, under new plans.
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BHP Billiton, the AngloAustralian mining group, announced plans yesterday to increase production amid surging demand for commodities.
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SYDNEY (Dow Jones)--Citing a continuation in rising fuel prices, Australia&#39;s Qantas Airways Ltd. (QAN.AU) said Friday it will increase its passenger fuel surcharge for a second time in two months.
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Telecommunications giant Telstra Corp. on Monday revealed details of a 750 million Australian dollar (US$532 million, euro 432.2 million) share buyback that is part of a three-year plan to increase the value of its stock.
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ERICSSON Australia Pty Ltd has been chosen to supply and service Telstra Corp Ltd&#39;s 3G mobile capacity for the next five years.
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Qantas Airways Ltd. expects to release preliminary results of its in-flight phone trial later this year.
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The Reserve Bank of Australia&#39;s board meets today and will probably keep interest rates unchanged ahead of an election next month as retail sales and house prices fall.