GrainCorp will back the proposed transition of co-operative grain handling business CBH to a commercial structure, and a subsequent listing on the ASX.
In a move proposed last week by Australian Grains
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Brambles eyes smart pallets with opening of Silicon Valley office
Keeping track of the location and condition of its 250 million pallets is a monumental challenge for Brambles. Its opening of a Silicon Valley office and hiring of a software expert to run it suggests
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Qube, Brookfield in talks for joint Asciano bid
In a new twist to the saga of a prospective foreign acquisition of Australian ports and rail heavyweight Asciano, competing parties Qube and Brookfield have announced talks to form a joint takeover
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Mining fears drag Aurizon down after $108m loss
Aurizon slipped to its lowest share price since September 2012 on Monday, after chief executive Lance Hockridge revealed more than a quarter of the rail operator’s coal customers are operating at breakeven,
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Asciano makes $88m switch from Brookfield to Qube
Australian port and rail giant Asciano will pay an $88 million break fee to back out of a takeover bid from Canadian infrastructure fund Brookfield, so it can fully support a rival bid from Qube Holdings.
Asciano
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Long-term losses challenge Queensland Nickel recovery
Any party looking to revive Clive Palmer’s embattled refinery business Queensland Nickel will have to eat cash losses until at least 2017, the company’s administrator has reportedly told its major
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Frustrated Brookfield preparing all-cash bid
Brookfield looks to be readying a higher, all-cash offer for Australian port and rail firm Asciano, after takeover rival Qube earned the support of Asciano’s board by upping its own offer this week.
Brookfield
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Adani mine reapproved after Land Court recommendations
The Queensland Government has added nine conditions to the environmental approval of Adani’s proposed Carmichael mega-mine, after its initial approval was challenged in the Land Court by an environmental
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Qube clarifying CIC’s role in Asciano bid
Qube is reportedly working to assuage concerns over China Investment Corporation (CIC)’s involvement in its bid for Australian port and rail giant Asciano.
The Chinese sovereign wealth fund is an investor
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Bulk shipping index continues to drop
Mixed results are expected for Australia’s bulk exporters, as the Baltic Dry Index continued its decline last week.
Fears of a global trade slowdown have driven the index – used as an indicator for
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