Edition:
United States

Maggie Lu Yueyang

Clouds gather over Crown as Australian police probe Packer brawl

May 07 2014

SYDNEY, May 7 Police are investigating a public brawl between James Packer, one of Australia's richest men, and a television executive, which could jeopardise regional expansion plans for Packer's casino business if it leads to a criminal conviction.

Goodman Fielder dismisses $1.2 billion bid from Wilmar as too low

Apr 28 2014

SYDNEY Australian food firm Goodman Fielder has rejected a $1.2 billion takeover bid from Wilmar International Ltd and a Hong Kong-listed investment management firm as too low, but expectations are high that the parties will keep talking.

The Chinese take Manhattan: replace Russians as top apartment buyers

Apr 26 2014

NEW YORK/SYDNEY For the first time, the Chinese have become the biggest foreign buyers of apartments in Manhattan, real estate brokers estimate, taking the mantle from the Russians - whose activity has dropped off since the unrest in Ukraine and the imposition of sanctions against Russia by the United States. | Video

The Chinese take Manhattan: replace Russians as top apartment buyers

Apr 25 2014

NEW YORK/SYDNEY For the first time, the Chinese have become the biggest foreign buyers of apartments in Manhattan, real estate brokers estimate, taking the mantle from the Russians - whose activity has dropped off since the unrest in Ukraine and the imposition of sanctions against Russia by the United States.

The Chinese take Manhattan: replace Russians as top apartment buyers

Apr 25 2014

NEW YORK/SYDNEY For the first time, the Chinese have become the biggest foreign buyers of apartments in Manhattan, real estate brokers estimate, taking the mantle from the Russians - whose activity has dropped off since the unrest in Ukraine and the imposition of sanctions against Russia by the United States.

INSIGHT-The Chinese take Manhattan: replace Russians as top apartment buyers

Apr 25 2014

NEW YORK/SYDNEY, April 25For the first time, the Chinese have become the biggest foreign buyers of apartments in Manhattan, real estate brokers estimate, taking the mantle from the Russians - whose activity has dropped off since the unrest in Ukraine and the imposition of sanctions against Russia by the United States.

Australia's Australand rejects $1.8 billion Stockland takeover proposal

Apr 23 2014

SYDNEY Australia's Australand Property Group said on Wednesday it had rejected as undervalued a A$1.95 billion ($1.83 billion) proposal from bigger rival Stockland Group to increase its stake, thwarting Stockland's move to expand its residential business.

After 50-year wait, Sydney to get second airport in Australia infrastructure drive

Apr 15 2014

SYDNEY Australia has approved a $2.4 billion (1.4 billion pounds) project to build a long-awaited second airport for Sydney, likely boosting near-term investment and jobs in a bet that the city's air travel demand will grow enough to justify a surge in terminal capacity.

After 50-year wait, Sydney to get second airport in Australia infrastructure drive

Apr 15 2014

SYDNEY Australia has approved a $2.4 billion project to build a long-awaited second airport for Sydney, likely boosting near-term investment and jobs in a bet that the city's air travel demand will grow enough to justify a surge in terminal capacity.

South Africa's Woolworths set to buy Australia's David Jones for $2 billion

Apr 09 2014

SYDNEY South African retailer Woolworths Holdings Ltd is set to buy struggling Australian department store operator David Jones for $2 billion after trumping an offer from Myer Holdings Ltd , it was announced on Wednesday.

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