Michael Bush News
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Leighton Holdings Ltd., Australia’s largest builder, will sell 70 percent of its telecommunications assets to Ontario Teachers’ Pension Plan for about A$620 million ($647 million).
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Leighton Holdings Ltd. Chairman Stephen Johns resigned along with two non-executive directors at Australia’s largest construction company, citing a dispute with its controlling shareholder Hochtief AG.
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Rio Tinto Group’s Mongolia copper and gold mine looks a dream location sitting next to China, the biggest market. Yet, Mongolia’s bid for more control of the project draws comparison with a Rio mine that went badly wrong.
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Mitt Romney had about six months left to serve as a Mormon missionary in France when tragedy struck.
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Coal mines flooded by torrential rain in Australia’s Queensland state may take as many as six weeks to resume production, National Australia Bank Ltd. said.
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Spot iron ore should stay in a range of $120 to $170 a metric ton for the next three months after steelmakers in China, the biggest buyer, increased prices of their products, said National Australia Bank Ltd.
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Asian bond risk jumped to the highest in four weeks after Japan’s industrial production dropped, adding to signs the region’s economy is slowing. China Oilfield Services Ltd. sold its debut dollar-denominated bond.
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BHP Billiton Ltd. , the world’s largest mining company, found evidence of possible breaches of anti-corruption laws after the U.S. Securities and Exchange Commission requested information for an investigation.
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The stock market loves SABMiller Plc’s A$9.5 billion ($10 billion) takeover bid for Foster’s Group Ltd. Debt investors aren’t so keen.
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Carson Palmer threw two touchdown passes to Denarius Moore as the Oakland Raiders handed the San Diego Chargers their fourth straight defeat in the National Football League.
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