Australia & New Zealand
Morgan Stanley's Investa May Allow Exit From its Frozen Funds in 18 Months Investa Property Group, an
Australian real estate firm owned by Morgan Stanley, said it
aims to open all its frozen unlisted funds to redemptions in 12
months to 18 months.
ANZ Bank Institutional Loans Growing for First Time in Year, Elliott Says Australia & New Zealand Banking
Group Ltd., Australia’s third-largest bank, said corporate
lending is growing for the first time in a year as the
strengthening domestic economy bolsters business confidence.
Kathmandu First-Half Profit Beats Forecast on Increased Sales, New Stores Kathmandu Holdings Ltd., the
outdoor equipment retailer that raised A$340 million ($314
million) in an initial share offer in November, said first-half
operating earnings beat forecasts as spending in Australia and
New Zealand improved.
CBH Resources Recommends Toho Zinc's Revised Offer Over Nyrstar's Full Bid CBH Resources Ltd., an Australian
lead and zinc miner, recommended shareholders accept a proposal
to sell stock and bonds to Japan’s Toho Zinc Co. over Nyrstar
NV’s bid worth A$213 million ($196 million) in stock.
Sigma Pharma Says It's Unlikely to Be Able to Pay Second-Half Dividend Sigma Pharmaceuticals Ltd. is
unlikely to be able to pay a dividend in the second-half as it
expects to report an impact on profits from inventory
provisioning and licence carrying values.
New Zealand to Establish Productivity Commission, Finance Minister Says New Zealand will establish a four-
member productivity commission to advise the government on ways
to increase the performance of businesses and the public sector,
Finance Minister Bill English said today.
Crude Oil Trades Near $83 After U.S. Imports Drop, Fuel Stockpiles Decline Oil declined for the first time in
three days as the dollar strengthened and a government report
showed fuel demand dropped and crude supplies rose in the U.S.,
the world’s biggest energy consumer.
Mirvac Group Seeking to Sell at Least A$100 Million of Five-Year Bonds Mirvac Group began marketing a sale
of at least A$100 million of five-year bonds, according to
Australia & New Zealand Banking Group Ltd., which is managing
the sale with Westpac Banking Corp.
Australia Doing All That's Necessary to Support Rio Tinto's Hu, Rudd Says Australian Prime Minister Kevin
Rudd said in Canberra today that the government is doing all
that’s necessary to support Stern Hu.
Five Australian Soldiers Wounded in Afghanistan Bombing, Government Says Five Australian soldiers were
wounded in Afghanistan in a roadside bomb explosion earlier this
week, the Australian Defence Force said in a statement. Three of
the soldiers had serious wounds and the remaining two were
slightly injured, the department said.
Tropical Cyclone Ului Intensifies, Heads to Australia's Queensland Coast Severe tropical cyclone Ului is
tracking towards Australia’s resource-rich state of Queensland,
after intensifying on its route westward from Vanuatu, and is
expected to cross the coastline at the weekend.
Sydney Population Will Rise to 5.7 Million by 2031, Financial Review Says Sydney’s population will reach 5.7
million by 2031, 400,000 more than previously forecast, the
Australian Financial Review reported, citing figures from the
New South Wales planning department. New homes must be much
smaller to accommodate the extra 770,000 dwellings needed to
meet rising demand, a discussion paper from the state released
yesterday said, according to the report.
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