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MELBOURNE (Reuters) - Lion Nathan Ltd , Australia's second-largest brewer, stood firm on its rebuffed A$7.6 billion ($4.9 billion) bid for soft drinks group Coca-Cola Amatil Ltd , as it reported a flat second-half profit.
Australia's biggest investment bank, Macquarie Group, has posted a sharp drop in its first-half profit but said it did not need to raise cash. The bank's net profit for the six months to 30 September fell 43% to 604m Australian...
European stock markets fell Tuesday following Asian losses amid further gloom about the state of the world economy and the banking system's prospects in particular. Banks across Europe were particularly badly hit by recession...
TOKYO/LONDON (Reuters) - Major world banks showed the unrelenting strain of economic crisis on Tuesday, with Britain's Barclays offering funds to quell shareholder anger and profits in Japan's largest bank tumbling 64 percent.
Asian stock markets sank on Tuesday after Wall Street retreated and global financial firms announced another round of massive layoffs, adding to gloom about the world economy. Tokyo's Nikkei 225 stock average fell 194.17...
Bank profits tumble around the world as are jobs slashed and bonuses cut A trader arranges his glasses at the Philippine Stock Exchange in the financial district of Makati on Tuesday. Asian stock markets sank Tuesday after Wall...
Australia's second largest brewer, Lion Nathan Ltd, says its offer to buy Coca-Cola Amatil Ltd (CCA) is "compelling", as it looks forward to earnings growth in the year ahead despite the challenging economic environment. Lion...
