There more troubles ahead for Citigroup and Deutsche Bank in Australia. Authorities in Australia have accused Citigroup and Deutsche Bank of criminal cartel conduct over a A$3 billion ($2.1 billion) stock issue, in a landmark case being watched around the world. According to Reuters News, Australian authorities filed criminal charges […]
Credit rating giant, Standard & Poor’s said it has settled a ratings lawsuit it lost in Australia with A$215 million ($157 million). In Australia, Standard & Poor’s was accused of overlooking risks when awarding high ratings to opaque investments that imploded in the global financial crisis. Australia’s Federal Court published […]
Rio Tinto said it has completed the sale of its remaining coal assets in Queensland, Australia, for $3.95 billion. The transactions include the sale of Rio Tinto’s interests in the Hail Creek coal mine and Valeria coal development project to Glencore for $1.7 billion, and its interest in the Kestrel […]
Australia’s largest lender, the Commonwealth Bank of Australia said it has agreed to pay a record fine of $530 million after it was found guilty of money laundering offenses. The Commonwealth Bank of Australia will be paying the largest regulatory fine in the history of Australia after its intelligent automated […]
Assistant Coach of D’Tigers, Mohammed Abdulrahman is optimistic of his team winning a medal at the 21st Commonwealth Games holding in Gold Coast Australia. Speaking from the team’s camp in Cairns after their second loss in as many games on Saturday, a resilient Abdulrahman said despite his team still in […]
Nigeria has been grouped alongside Australia, New Zealand and Canada in the basketball event of the XXI Commonwealth Games, Gold Coast 2018. Despite being ranked number 1 in Africa and 32nd in the world, Nigeria is still the lowest ranking team in their group. Host- Australia who finished 4th at […]
KKR has announced the appointment of David Lang as a Member in the Sydney office, effective early 2018. Mr. Lang joins KKR from Pamplona Capital Management, a US$10 billion global private equity fund where Mr. Lang was a partner and founding member. With 20 years of industry experience, he has […]
America’s CME Group with the world’s largest derivatives marketplace, has opened its office in Australia. The office is located in Sydney’s Central Business District, the new office affirms the company’s commitment to growth in Asia Pacific, and comes at a time when CME Group’s business in the region continues to […]
Sweden has been adjudge the best Country to be an Immigrant, according to a recent analysis from U.S. News & World Report while Canada, Switzerland, Australia and Germany round out the top five. Based on the report, the new ranking assesses the international perceptions of 80 countries, their immigration policies […]
Total SA said the tragic accident has hampered its Martin Linge projects in (Norway), Egina (Nigeria), Ichthys (Australia). The accident happened at the Samsung Heavy Industries (SHI) Geoje yard in South Korea on May 1st, 2017. Total said in a statement that “We are deeply saddened by the accident that […]