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Terrorist Attack: Effects on Worldwide Financial Markets
Traditionally, the world's financial markets have taken a bumpy ride in the wake of dramatic incidents of horror, terrorism or acts of war. This week has been no exception, with the initial shock selling seen as a reflection of the unbelievable fact that the world's last great superpower was the surprise victim of such a large-scale coordinated act of war. Read on...

Rio Tinto Announces Purchase of Cargill's Australian Salt Operation
Dampier Salt Limited, a majority-owned company of resources giant Rio Tinto Limited, has reached agreement with Cargill Australia Limited regarding the purchase of Cargill's salt operation located at Port Hedland, Western Australia Read on...

HLNT Networks Set to Acquire Oddzon Gaming Pty Ltd
HLNT Networks today announced that it has signed a letter of intent for the acquisition of privately-owned Australian company Oddzon Gaming Pty. Ltd., which owns a master use license to a proprietary online gaming platform. Read on...

Ramoil Management Affirms Bid to Acquire Pacific Dunlop Automotive Divisions
Nevada, Las Vegas-based Ramoil Management Ltd. received the collateral today from Century Capital to buy the Pacific Automotive Divisions of Pacific Dunlop in Australia. Read on...

Connect Consortium Bids for Sydney Airport
The Connect Consortium delivered an "indicative bid" today to the Federal Government for the 100 percent privatization of Sydney Kingsford Smith Airport. Read on...

S&P: Australia Nears Another Record Year of Structured Finance Issues
Standard & Poor's announced today that Australia is on track to achieve five consecutive years of record structured finance issuance, according to a new report that covers significant rating activity across all segments of the structured finance market. Read on...

$800 Million Power Development to Open in Queensland
Developers InterGen and CS Energy today dedicated the first of two 420 megawatt generating units of the Callide C Power Station in Queensland Australia in a ceremony attended by Queensland Premier Peter Beattie. Read on...

Victoria Harbour Commercial Development Underway
National Australia Bank today nominated the Lend Lease Group as preferred developer for the National's new generation office complex, at Victoria Harbour, the centre-piece precinct of the Melbourne Docklands. Read on...

First Australian Online Advertising Effectiveness Study
ACNielsen.consult's recent pioneering study into the branding effectiveness of online ads within Australia has produced figures that confirm that the much-criticized banner is, in fact, an effective medium through which branding messages and associations may be conveyed. Read on...

Civil Proceedings Commenced Against Former Officers of GIO Insurance
ASIC Chairman, Mr David Knott, today announced the commencement of civil penalty proceedings against three former officers of GIO Insurance Limited. The proceedings allege that the respondents breached their duties as officers of GIO Insurance during the course of AMP's 1998-99 takeover bid for GIO Australia Holdings Limited. Read on...

Standard & Poor's Affirms CGU Rating After Acquisition Plan
In its second major announcement today, S&P has affirmed its rating on CGU Insurance Ltd. and Swann Insurance (Aust) Ltd., in response to the announcement of the nonlife insurer's intention to acquire Fortis Australia Ltd. Read on...

Suncorp-Metway Ratings Affirmed on Proposed Acquisition
Standard & Poor's today affirmed its single-'A'-minus long-term and 'A-2' short-term counterparty credit ratings on Suncorp-Metway Ltd. following the announcement of its proposed acquisition of AMP General Insurance Ltd. and GIO General Ltd. Read on...

First WMS Gaming Video Slot Machines Installed in Australia
American firm WMS Gaming Inc. announced today the first installations of its Jackpot Party® multi-line, multi-coin video slot machines have begun in clubs and casinos in New South Wales, Australia. Read on...

Local iTV Player to Resell Technology for nCUBE
ICE Interactive, Australia's leading interactive television software developer has signed an agreement to become a re-seller of nCUBE video server technology in the Asia Pacific region. Read on...

Assets of Former One.Tel Managers Frozen
Mr David Knott, Chairman of ASIC, today advised that the commission has obtained court-enforceable undertakings restraining the disposal of assets by Messrs Jodee Rich, Bradley Keeling and Mark Silbermann. Read on...

Consumer Sentiment in V-shaped Recovery
Consumer sentiment is the first indicator to post a 'V shaped' recovery in 2001. The removal of newspaper references to 'recession' or 'plunging Australian dollar' has produced concrete benefits in terms of more positive consumers. Read on...

Viewlocity Appoints New Australian Managing Director
Viewlocity, a global provider of supply chain event management software and services, has announced the appointment of Tim Cavill as managing director for Australia and New Zealand. Read on...

BRL Hardy Involved in Formation of New US Wine Company
BRL Hardy Ltd. announced today that they have signed a definitive agreement with US-based Constellation Brands, Inc. to form a new wine company to produce, market and sell a global portfolio of premium wines in the US. Read on...

S&P Affirms NRMA's Credit Rating
Standard & Poor's today affirmed its double-'A'-plus ratings on NRMA Insurance Ltd. and its double-'A'-plus long-term rating on the A$1.5 billion senior unsecured program of NRMA Insurance Group Finance Ltd., and removed them from CreditWatch with negative implications where they were placed on April 24, 2001, following recent instability in management hierarchy. Read on...

Technology to Enhance AMP's CRM Systems
AMP Financial Services, one of Australia's premier financial and insurance companies, has made a commitment to enhance its customer relationship management by deploying Siebel eBusiness Applications for Financial Services throughout their business. Read on...


 

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