Page 70 - Au News Today

Australia Treasurer Jim Chalmers said on Wednesday the cabinet would meet soon to decide the next governor of the country's central bank, after local media reported that a government decision could be reached as early as this week.

AngloGold Ashanti Limited (NYSE:AU – Get Free Report) shot up 6% during mid-day trading on Wednesday . The company traded as high as $21.64 and last traded at $21.63. 1,457,571 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 3,061,524 shares. The stock had previously closed at $20.40. […]

Australians are a sports-mad lot. So it’s fitting that one of the country’s most hotly contested deals involving overseas private equity firms is for Rugby Australia. CVC Capital Partners and Silver Lake are just two of the seven players, reports the Australian Financial Review, trying out to join the ownership team of the game’s national governing body. It’s an unusually competitive battle in a slow year for financial sponsors. It’s also a teaser for the deal fest buyout shops are gea...

The European Union and Australia have failed to conclude talks on a planned free trade agreement after differences remained unresolved, notably on agricultural products, the two sides said on Tuesday.

The need for Africa’s unity and its operationalisation has never been in short supply. What is missing is the political will and unanimity of purpose required to drive it.

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The 20th triennial conference will be held at PAU from October 16 to 18, while Shoolini University, Solan, will be the host from October 13-15.

Australia's central bank will likely deliver a 25 basis point interest rate increase on Aug. 1 following a pause on Tuesday according to economists in a snap Reuters poll who were split on when and where the cost of borrowing would peak.

Australian retailers are in for a sombre period this fiscal year as high interest rates squeeze household budgets, especially for discretionary spending, Citigroup said on Thursday, with expected further rate hikes likely to dent confidence even more.