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Qantas ordered to halt dispute after fleet grounded
An Australian labour tribunal has ordered Qantas Airways and its unions to immediately terminate all industrial action.
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Drawn-out affair expected for SABMiller-Foster deal
In the absence of any other bidders, SABMiller’s bid for Foster’s is expected to take months to resolve, as it tries for a better deal from SABMiller.
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Australia blocks Pick n Pay’s exit strategy
Australia’s competition watchdog has stopped South African grocer Pick n Pay’s sale of Franklins supermarket chain, to prevent creating a monopoly.
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Sinochem working hard on rival Potash bid
China’s top chemicals company Sinochem is working hard to come up with a plan challenge to BHP Billiton’s $39-billion bid for Potash Corp.
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Rio Tinto under pressure on asset sales
Rio Tinto said on Wednesday it was confident it could sell billions in assets to pay down massive debt, despite concerns about a lack of buyers.
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Rio seen unlikely to counter bid for BHP
Rio Tinto is reportedly considering a counter-bid for BHP Billiton as a defence against a Aus-billion takeover proposal from its bigger mining rival, but analysts said such a move was unlikely. The Wall Street Journal, citing unnamed sources, reported Rio was considering a broad array of potential options to fight off BHP.
