Paul Xiradis News
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Cameron Clyne, catapulted to the helm of National Australia Bank Ltd. in the depths of the global financial crisis, saw only one way out.
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BHP Billiton Ltd., the biggest mining company, said the shale boom in the U.S. will spur an industrial revival and transform the world’s largest economy.
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BHP Billiton Ltd., the world’s biggest mining company, expects annual economic growth in China to moderate toward 6 percent, saying prospects in its largest customer present its main business risk.
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Macquarie Group Ltd., Australia’s biggest investment bank, said full-year earnings will fall about 25 percent as it cut the outlook for its securities trading and investment banking businesses.
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BHP Billiton Ltd., the world’s biggest mining company, named copper unit head Andrew Mackenzie as chief executive officer to succeed Marius Kloppers, who failed to deliver on about $200 billion of potential takeovers.
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Westpac Banking Corp., Australia’s second-largest bank, reported first-quarter profit that was lower than a year earlier as rising funding costs squeezed the profitability of its lending. The shares fell.
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When BHP Billiton Ltd.’s new chief executive officer Andrew Mackenzie got his doctorate in chemistry in 1980, the ground-breaking research attracted the attention of oil producers including Chevron Corp.
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Mark McInnes resigned as chief executive officer of David Jones Ltd. , Australia’s second- largest department store chain, apologizing for “unbecoming” behavior toward a female colleague.
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Asian stocks rose, driving the MSCI Asia Pacific Index up by the most in five weeks, as better-than- estimated results from Elpida Memory Inc. and Apple Inc. boosted confidence in the global economic recovery.
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David Jones Ltd. should have halted trading in its shares because of doubts about a A$1.65 billion ($1.7 billion) bid, according to takeover lawyers and one of the company’s largest investors.
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