OG Oil Gas, the oil and gas division of Ofer Global Group, is pursuing a partial takeover of New Zealand Oil Gas to keep the local energy explorer's NZX listing and the access to future capital it provides.The Ofer unit has offered 77 cents per share for a maximum of 70 per cent of NZOG to trump a rival bid by Zeta Resources which OGOG chief executive Alastair McGregor says is the only way to preserve the opportunities in front of the Wellington-based company.
The lender wants to distribute life insurance, advice and superannuation products rather than manufacture them, but on Monday said it would not comment explicitly on an Australian Financial Review report that Swiss insurance giant Zurich and US group MetLife each submitted a bid last week.'The process is ongoing and ANZ remains in discussion with a number of parties as it continues to work through its options,' ANZ said in a statement.
One of the nation's big four banks believes the recent spate of upbeat economic figures confirm the next move in interest rates will be up, although increases will be gradual.At this stage, National Australia Bank is predicting an increase in the Reserve Bank's cash rate in August 2018 from its record low 1.
Britain's EU divorce bill is now presumed to be '60bn ($AU120b) and falling', the Brexit Secretary told business leaders on Friday, as he offered reassurance about the UK's future economic relationship with Europe.Sky News has learnt that David Davis told a gathering of bosses at Chevening House that the UK would enjoy a comprehensive free trade agreement with the European Union after Brexit.
The mining giant on Monday announced that Mr Lynch, who joined the Rio board in 2011 and was appointed to the role of chief financial officer in April 2013, had informed the board that he intends to retire by the end of September 2018.'Chris has made an outstanding contribution to the performance of Rio Tinto since he was appointed CFO in 2013 and I would like to personally thank him for his wise counsel,' Mr Jacques said in a statement on Monday.
Photographer: Eric Thayer/BloombergTheresa May complained directly to Donald Trump after the U.media reported leaked details of a British police investigation into the Manchester bomb attack that killed 22 people.
The Chevy Silverado is the second-best-selling vehicle in America, just behind the Ford F-150.This week, we tested a 2017 Chevy Silverado 1500 Z71 4WD LTZ Crew.
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(Al Bello/Getty Images) The long-awaited fight between Gennady Golovkin and Canelo Alverez paid off for boxing fans in every way but one.After 12 rounds of heavy hitting from both fighters, both casual fans and experts alike were in agreement that triple-G had done enough to win the fight and retain his titles.
1% of jumbo mortgages were 90 days or more past due in May—the lowest rate in nearly a decade.counterparts in the face of a move to online shopping.
Dow Jones, a News Corp companyNews Corp is a network of leading companies in the worlds of diversified media, news, education, and information services Exit comes as Facebook sets up the messaging service to start making money Sept.ET One of the co-founders of WhatsApp, the messaging app bought by Facebook Inc.
Blue Harbour Builds Up 6.2% Stake in Auto Supplier AdientBy David BenoitBlue Harbour Group has built a roughly 6.
Dow Jones, a News Corp companyNews Corp is a network of leading companies in the worlds of diversified media, news, education, and information services Beijing treats Seoul as No.1 threat, letting Pyongyang slide Updated Sept.
Regardless of the US response, the Russians end up better off, either with a compliant US or an embattled US.And Trump has repeatedly cast doubt on the US intelligence community's conclusion that Russia wanted him to win the election.
A Fond Farewell and Look Back at Eight YearsA recap of our favorite Private Equity Beat blog posts from over the years.In China, Firms Face Competition as Tech Businesses Target Health CareHealth care-focused, private-equity investors in China are facing competition and forging partnerships as Chinese technology companies seek to leverage their dominance on all things digital in the provision of care.
Markets open in 5 hrs 42 minsS&P 5002,500.61 (+0.
The as-yet-undrafted bill to overhaul the tax code is the top priority for Trump and Republicans after the collapse of their effort to dismantle Barack Obama's health care law.The as-yet-undrafted bill to overhaul the tax code is the top priority for Trump and Republicans after the collapse of their effort to dismantle Barack Obama's health care law.
Wu-Tang Clan members say the album Martin Shkreli bought for $2 million isn't an 'authorized' Wu-Tang album
(Martin Shkreli took to eBay to sell his Wu-Tang Clan album.martishkrel_7/Ebay) The former pharmaceutical executive Martin Shkreli bought a one-of-a-kind Wu-Tang Clan album for $2 million at an auction in 2015, but it turns out the album he purchased might not be an official Wu-Tang release.