Canwest to sell stake in Australian broadcaster

Canadian media giant Canwest Global Communications Corp. has agreed to sell its majority stake in Australian broadcaster Ten Network Holdings Ltd. in a deal worth 634 million Canadian dollars ($588 million).

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Canadian fund raises bid for Australia's Macquarie

A Canadian pension fund is sweetening its bid for Macquarie Communications Infrastructure Group, a communications network company with operations in Australia and the United Kingdom. The Australian company's independent directors are supporting the deal.

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Macquarie Bank profits collapses 52 percent

Australia's Macquarie Group, once nicknamed the millionaires factory for the number of executives it made rich, said Friday its profits halved last year, and slashed 2.5 billion Australian dollars ($1.8 billion) from its asset values because of the global financial crisis.

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Barclays buys Italian mortgage business

Britain's Barclays bank said Thursday it has bought the Italian residential mortgage business of Australia's Macquarie bank.

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The ice chunk, measuring some 2,300 feet long with an estimated depth of more than 1,000 feet, caused a stir when it was sighted by experts based on Australia's remote Macquarie Island. Cool! - H2

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Taxi drivers are threatening to stage a two-day boycott of Sydney Airport after the Macquarie-run airport announced its plans to slug passengers a $3 fee from next weekend.

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Australia's Macquarie Bank has been an early beneficiary of next year's US presidential election. Republican presidential candidate Rudolph Guiliani is selling his boutique investment bank to the Macquarie Group for an undisclosed sum.

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As Australians queued at airports for the great Christmas getaway, their national airline, Qantas — or the Flying Kangaroo, as it is known Down Under — was facing a controversial foreign takeover.

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Australia's Blue Mountains in political turmoil

An Australian election junkie like myself thought, just six months ago, that the Blue Mountains (a scenic, spread-out city an hour west of Sydney) was the political doldrums. Safe seats at both state and federal level, and no likelihood of change.

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FROM her office window at Macquarie University, Sue Butler has seen a tree grow from a sapling to a giant during the years it has taken to transform the Macquarie Dictionary from an idea to a national institution.

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