Australian PM backs tough competition laws opposed by business lobby

By Matt Siegel SYDNEY, Mar 16 : Australian Prime Minister Malcolm Turnbull said today he would back a controversial change to the country’s competition laws that would reduce the power of big businesses to monopolise markets and squeeze out smaller competitors. The implementation of a so-called “effects test” was recommended as part of a broad […]

Rejected suitor for Australia’s CBH to push for EGM to revive deal

By Colin Packham SYDNEY, Mar 15 : A takeover consortium spurned by Australia’s largest wheat exporter, Cooperative Bulk Handling Ltd (CBH), will seek to force an emergency meeting of the grain handler in an attempt to revive its bid, two sources said on Tuesday. CBH on Monday rejected a proposal by GrainCorp Ltd -backed consortium, […]

Australia, NZ dlrs lose ground with commodities, ahead of Fed

By Cecile Lefort and Rebecca Howard SYDNEY/WELLINGTON, Mar 15 : The Australian and New Zealand dollars took a breather on Tuesday as softer commodity prices and a looming policy meeting by the Federal Reserve encouraged caution and underpinned the U.S. dollar. The Australian dollar edged lower to $0.7490, from $0.7505 early and away from an […]

French business heavyweights in Australia in hopes of sealing subs deal

By Matt Siegel CANBERRA, Mar 14 : France has sent it largest business delegation in nearly two decades to Australia, spruiking the economic benefits of its bid for the A$50 billion ($38 billion) contract to build a fleet of 12 stealth submarines for Australia. Executives from French corporate giants Airbus, BNP Paribas, Thales and dozens […]

Australia dlr near 8-mth peak, NZ dlr struggles

By Cecile Lefort and Rebecca Howard SYDNEY/WELLINGTON, Mar 14 : The Australian dollar hovered near eight-month highs on Monday, underpinned by the relatively high yields offered by local debt, while its New Zealand counterpart struggled for traction following a tough week. The Australian dollar stood at $0.7568, having touched on Friday its highest since July […]

Australia’s batting power gives them a chance

By Nick Mulvenney SYDNEY, Mar 13 : The World Twenty20 is the one major international cricketing prize to have eluded Australia but with the batting firepower in their ranks, they cannot be ruled out as contenders to grasp it at the sixth attempt. With David Warner, Shane Watson, Glenn Maxwell, Aaron Finch, Usman Khawaja and […]