Sydney Airport News
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An Australian federal police employee passed classified information to the South Korean Consulate General in Sydney, according to a judgment from the country’s workplace tribunal in a spy case involving the trade partners.
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Sydney Airport, owner of Australia’s largest international airstrip, fell the most in 13 months after Morgan Stanley said it may have to raise equity to meet about A$3.6 billion ($3.8 billion) of spending needs.
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Sydney Airport Finance Co. Pty Ltd. , the finance arm of Australia’s largest airport, plans to sell $500 million of bonds maturing in 2021, according to a person familiar with the transaction.
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Sydney Airport, Australia’s biggest airport, said banks have offered it more than A$1 billion ($965 million) in loans to refinance debt maturing in 2011 and 2012.
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Sydney Airport Corp. delayed a potential exchange offer for its bonds due in November 2011 and October 2012 due to market conditions, according to a person familiar with the plan.
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Travelers plying the Kangaroo Route between Australia and Europe have discovered the cheapest path goes through Guangzhou.
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Tiger Airways Holdings Ltd., the budget carrier backed by Singapore Airlines Ltd., will establish a second Australian base in Sydney from July.
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Asian stocks dropped, with a regional gauge that excludes Japan heading for its first decline in three days, amid overheating signs as China’s inflation accelerated. Japanese shares rallied after the Cabinet approved stimulus measures.
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Aircraft refuelers at Sydney airport plan to strike for 24 hours on July 21 over a pay dispute, the Australian Financial Review reported, citing the Transport Workers Union.
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DineEquity Inc. , the operator of the IHOP and Applebee’s restaurant chains, is marketing speculative-grade debt as junk bond mutual funds reported the largest inflows in nine weeks.
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