The broadcaster's proposed $200 million merger with Fairfax Media's radio business is expected to contribute to earnings sliding by more than 50 per cent at the John Singleton-controlled company.
Angela Macdonald-Smith Shell’s global chief executive Ben van Beurden has declared that the company’s proposed greenfield Arrow liquefied natural gas project in Queensland is “off the table” as the oil giant slashes capex in the wake of the oil price slump and gives priority instead to its North American LNG projects.
David Ramli SingTel, the owner of Optus, has joined a joint-venture with global media giants Warner Brothers Entertainment and Sony Pictures’ AXN network to launch a new video service for Asia.
Bradley Olson and Joe Carroll The first major oil companies to report earnings amid the worst oil crash since 2009 all pledged to protect shareholder payouts even as they announced more than $US20 billion ($25.7 billion) in spending cuts in a span of five hours.
Shaun Drummond There is nothing obvious that will break investors’ love of the big banks despite possibly relatively low returns compared with most of the market, according to a leading fund manager.
Amanda Saundersa Australia’s biggest gold miner, Newcrest Mining, has increased full-year production guidance, as the falling Australian dollar delivers it some much-needed breathing room on its huge pile of debt.
Donna Page Retail titan Gerry Harvey has described how Nathan Tinkler uses him ‘‘like a little bank’’ and revealed the Newcastle Jets owner still owes him about $22 million.
Local shares are poised to rise at the open, as Wall Street rallies on strong corporate news from Boeing, Apple and McDonald’s.
The Athens stock market continued its steep slide, and interest rates on Greek bonds spiked further, as investors anticipated difficult negotiations between the new Syriza-led government in Greece and the country's creditors.
Mehreen Khan €317bn. Over 175pc of national output. That's the enormous debt mountain that faces the new Greek government. It is the issue over which the country is set to clash with other countries in the eurozone.