Finance News Network

News by David Chau

David Chau

Finance News Network

Fortescue Metals credit rating upgraded to BB+

20 Dec 2016 - S&P Global Ratings upgrades Fortescue Metals Group’s (ASX:FMG) issuer credit rating to BB+, following the company’s recent debt repayments.

International tensions rising: ASX to open flat

20 Dec 2016 - International tensions rising: ASX to open flat. Decmil Group (ASX:DCG) subsidiary secures $40 million contract with Hamersley Iron Pty Ltd in relation to the Silverg…

Alliance Airlines FIFO partnership with Virgin blocked by ACCC

20 Dec 2016 - Australian Competition and Consumer Commission (ACCC) plans to block a strategic partnership between Alliance Airlines (ASX:AQZ) and Virgin Australia.

Oceania Partners to acquire Radio 2CH for $5.56M

20 Dec 2016 - Oceania Capital Partners' (ASX:OCP) subsidary enterse deal to acquire Radio 2CH Pty Ltd from Macquarie Media Limited.

Virgin Australia enters codesharing deal with Air Canada

15 Dec 2016 - Virgin Australia (ASX:VAH) and Air Canada enter codesharing agreement and form a strategic partnership.

Crown Resorts sale of 198M shares to Melco to reduce debt

15 Dec 2016 - Crown Resorts Ltd (ASX:CWN) signs bilateral agreement with Melco International Development Ltd for the sale of 198 million shares in Melco Crown Entertainment Ltd.

Bathurst Resources to defend claim against L&M Coal Holdings

15 Dec 2016 - Bathurst Resources Ltd (ASX:BRL), has been threatened with legal proceedings by L&M Coal Holdings in relation to a US$40 million performance payment.

TPG becomes newest mobile operator in Singapore

15 Dec 2016 - TPG Telecom Ltd (ASX:TPM) is set to become the fourth operator of mobile services in Singapore, after winning the New Entrant Spectrum Auction.

Fed lift-off: Aus shares to open lower

15 Dec 2016 - Fed lift-off: Aus shares to open lower. Santos (ASX:STO) announces plans to raise $1.5 billion via an Institutional Placement and Share Purchase Plan.

Flight Centre loses High Court case against ACCC

15 Dec 2016 - The Flight Centre Travel Group Ltd (ASX:FLT) loses High Court appeal, brought against it by the Australian Competition and Consumer Commission (ACCC).

ANZ and Macquarie Bank fined $15M by Federal Court

15 Dec 2016 - Federal Court imposes fines of $15 million against ANZ Bank (ASX:ANZ) and Macquarie Bank for cartel conduct.

Galaxy Resources confirms lithium pricing for 2017

14 Dec 2016 - Galaxy Resources Limited (ASX:GXY) sells 120,000 tonnes of lithium concentrate from the Mt Cattlin project in Western Australia.

Orion signs new contract with US health information exchange

14 Dec 2016 - Orion Health Limited (ASX:OHE) signs new expanded agreement with Keystone Heath Information Exchange in Pennsylvania in the United States.

APN Outdoor to merge with oOh!media

14 Dec 2016 - APN Outdoor Group (ASX:APO) and oOh!media Ltd (ASX:OML) agree to merge to form a leading, diversified media group with a market capitalisation of $1.6 billion.

Corporate Travel Management acquires two travel businesses

14 Dec 2016 - Corporate Travel Management (ASX:CTD) has enters binding contracts to acquire two travel businesses – Redfern Travel and Andrew Jones Travel.

Fed interest rate decision tomorrow: ASX to open higher

14 Dec 2016 - Fed interest rate decision tomorrow: ASX to open higher. NRW Holdings Ltd (ASX:NWH) has been awarded a $40 million contract by Rio Tinto (ASX:RIO).

Gold Road Resources completes Gruyere sale and JV

14 Dec 2016 - Gold Road Resources Ltd (ASX:GOR) completes sale of its 50% stake in the Gruyere Gold Project for $250 million in cash.

Ardent Leisure donates $157,000 to victims’ families

14 Dec 2016 - Ardent Leisure Group (ASX:AAD) announces it will donate $157,225 to the Red Cross, which will be distributed to Dreamworld victims' families.

Lithium Australia sues Lepidico in Supreme Court of WA

13 Dec 2016 - Lithium Australia (ASX:LIT) sues Lepidico Ltd (ASX:LPD) over rights to exploit a lithium extraction process, SiLeach.

Pental sued by ACCC about ‘flushability’ claims

13 Dec 2016 - Australian Competition and Consumer Commission sues Kimberley-Clark and Pental Ltd (ASX:PTL) over allegedly misleading claims about the "flushability" of their cleans…

Rio Tinto will robustly defend Simandou litigation

13 Dec 2016 - Rio Tinto (ASX:RIO) confirms it will robustly defend potential lawsuit from BSG Resources.

Freelancer acquires Spanish & Portuguese competitors

13 Dec 2016 - Freelancer Ltd (ASX:FLN) acquires Nubelo and Prolancer, two of its major competitors in the Spanish and Portuguese freelancing marketplaces.

Wall Street rally slowing down: ASX to open lower

13 Dec 2016 - Wall Street rally slowing down: ASX to open lower. Federal Court approves scheme of arrangement under which Steinhoff Asia Pacific Holdings will buy 100% of the share…

Pioneer Credit makes first NZ portfolio acquisition

13 Dec 2016 - Pioneer Credit Ltd (ASX:PNC) acquires new Purchased Debt Portfolio in New Zealand from one of Australia’s “Big 4” Banks.

Kina Securities forecasts 60% lending growth by February

13 Dec 2016 - Kina Securities (ASX:KCL) forecasts 60% lending growth and net profit of AU$16.4 million to AU$17.2 million by February 2017.

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