Edition:
United States

Byron Kaye

UPDATE 2-Australian fund manager Challenger issues profit warning, shares tumble

Jan 22 2019

* H1 net profit estimate A$6 mln vs A$207.9 mln previous year

Australian wealth manager IOOF delays ANZ pension buyout after inquiry

Jan 14 2019

SYDNEY Australian wealth manager IOOF Holdings Ltd said its buyout of pension assets from Australia and New Zealand Banking Group Ltd has been delayed by at least three months, as fallout from a damaging finance sector inquiry hits dealmaking.

Australia's Navitas backs revised $1.5 billion takeover offer

Jan 14 2019

SYDNEY Australian adult education provider Navitas Ltd on Tuesday said it will back a sweetened buyout proposal worth A$2.09 billion ($1.50 billion) from its founder and a private equity firm, sending its shares to more than a two-year high.

Australia's Healius snubs $1.21 billion bid from China's Jangho, says bid undervalues

Jan 06 2019

SYDNEY Australian medical center operator Healius Ltd on Monday rejected a A$1.7 billion ($1.21 billion) buyout approach from China's Jangho Group Co Ltd , denting its shares but leaving investors hoping for a higher offer.

Knifeman goes on Sydney bumper car rampage before killing himself

Jan 04 2019

SYDNEY An Australian man rammed his four-wheel drive into a Sydney police car, hijacked a supermarket delivery truck and taxi, rammed other cars and stabbed and wounded a passerby before killing himself in front of police on Friday.

Heatwave wilts Australia's southeast, fanning fire, health concerns

Jan 03 2019

SYDNEY A heatwave sweeping Australia engulfed the densely-populated southeast on Friday, boosting temperature records, spurring fire bans and arousing concern about the health of contestants in this month's tennis Open.

China's Jangho makes $1.2 billion bid for Australian medical center owner Heals

Jan 02 2019

SYDNEY Chinese construction company Jangho Group Co Ltd has proposed to acquire medical center operator Healius Ltd for A$1.7 billion ($1.2 billion), marking what would be one of the mainland's biggest healthcare plays in Australia.

Australia swelters through heatwave as records tumble

Dec 27 2018

SYDNEY Australia looks set to sweat through one of its hottest Decembers ever, the national weather bureau said on Friday, prompting fire bans, health warnings and big crowds trying to cool off at beaches.

UPDATE 2-Australia's MYOB recommends KKR's marked-down $1 bln buyout offer, shares rise

Dec 23 2018

* MYOB shares up 15 percent in a steady broader market (Adds shares, broker comment)

PE giant KKR cuts buyout price for Australia's MYOB, sending shares tumbling

Dec 19 2018

SYDNEY U.S. private equity giant KKR & Co slashed a A$1.8 billion ($1.3 billion) buyout proposal for Australian accounting software maker MYOB Group , a sign of the souring appeal of high-tech investments and sending the target's shares down.

World News

Backed by U.S., Maduro rival Guaido claims Venezuela presidency

Venezuelan opposition leader Juan Guaido declared himself interim president on Wednesday, winning the backing of Washington and many Latin American nations and prompting socialist Nicolas Maduro, who has led the oil-rich nation since 2013, to break relations with the United States.