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Vegemite returns to Australian ownership under Bega deal with Mondelez

2017-01-18 abc.net.au
Vegemite is set to return to Australian ownership after dairy company Bega announced it would buy most of Mondelez International's Australia and New Zealand grocery and cheese business.

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BHP Billiton and Vale failing Samarco dam disaster victims: UN adviser

2017-01-20 abc.net.au
The devastating human cost of the Samarco dam disaster in Brazil will not be quickly resolved, despite the prospect of BHP Billiton and Vale settling a multi-billion dollar civil claim, according to a special United Nations adviser.

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Perry pledges strong support for DOE, energy research efforts

2017-01-19 ogj
Former Texas Gov. Rick Perry (R) praised the US Department of Energy’s research programs, said he would try to protect their funding, and repudiated his call as a 2012 presidential candidate for DOE’s elimination during the US Senate Energy and Natural Resource Committee’s hearing on his nomination to be US Energy Secretary.

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BRIEF-Citic Resources says nominees secured financial support from Australia

2017-01-20 reuters
* Citic nominees secured financial support from State Government of Victoria & Commonwealth Government of Australia

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Deals of the Day-Mergers and acquisitions

2017-01-19 reuters
Jan 19 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

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PDO seeks investment in heavy-oil project

2017-01-19 ogj
Petroleum Development Oman has invited oil and gas companies to invest in what it calls a “sourcing exercise” targeting development of heavy oil in Oman’s Habhab region.

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Vegemite ownership returns to Australia

2017-01-19 thestar
MELBOURNE, AUSTRALIA—Next to kangaroos and more dangerous animals, perhaps nothing else evokes Australian stereotypes like Vegemite. The yeasty spread, beloved here and virtually nowhere else, is considered such a national nosh that some people say it is a must-eat on Australia Day.

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BSEE: Gas, condensate release reported in Gulf of Mexico - Oil & Gas Journal

2017-01-19 ogj
A natural gas and condensate release has been reported from a Kinetica Partners LLC-operated pipeline on West Cameron Block 165 in the Gulf of Mexico, 32 miles southwest of Cameron, La.

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As E.C.B. Meets, Monetary Policy Faces Complications Worldwide - The New York Times

2017-01-19 nytimes
FRANKFURT — The European Central Bank may not be expected to announce any major changes of direction after its meeting on Thursday, but plenty is still happening in the world of monetary policy for members of its Governing Council to argue about.

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China's vision of globalization differs sharply from America's - Business Insider

2017-01-20 businessinsider
U.S. President Barack Obama (R) stands with Chinese President Xi Jinping during an arrival ceremony at the White House in Washington Sept. 25, 2015. Reuters/Kevin Lamarque

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Bega share price gains may open door to capital raising

2017-01-20 smh.com.au
The strong surge in the share price of Bega Cheese on news of the purchase of  Vegemite along with the spreads business of Kraft in Australia may encourage the board to tap investors for fresh funds.

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ASX falls for second week

2017-01-20 smh.com.au
The Australian sharemarket lost the last of its 2017 gains this week, as global markets digested the increasing-certainty of a 'hard Brexit' and lost more of the exuberance that greeted the election of Donald Trump last year.

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Colombia Backs BHP Mine Expansion for Record Coal Output in 2017 - Bloomberg

2017-01-20 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

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UPDATE 2-Alcoa Australian aluminium plant rescued with government aid

2017-01-20 reuters
SYDNEY An Australian smelter run by Alcoa Corp will resume production after a major blackout, under a government-sponsored rescue package securing its future for at least four years, with electricity supplied by AGL Energy Ltd.

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The Decline and Fall of Asia's Airline Empires - Bloomberg Gadfly

2017-01-19 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

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An Australian Icon Comes Home - Bloomberg Gadfly

2017-01-19 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

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Early movers: NFLX, CP, KO, XOM, BHP, TSLA, GSK & more

2017-01-19 cnbc
Netflix — The video streaming service reported quarterly profit of 15 cents per share, 2 cents a share above estimates. Revenue was slightly above forecasts, as well. Netflix also gave strong current-quarter guidance and better-than-expected subscription additions.

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Vegemite Is Finally Coming Home From Mondelez to Australia | Fortune.com

2017-01-19 fortune
Bega Cheese will be the new owner of the spread following its deal to buy most of Mondelez International's grocery brands in Australia and New Zealand for A$460 million ($345 million).

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Vegemite goes home: Oreo maker sells to Australia's Bega | Chicago Sun-Times

2017-01-19 chicago.suntimes
Mondelez International Inc. is selling Vegemite and other Australian and New Zealand grocery products to Bega Cheese in a deal worth about $345.3 million. | AP Photo

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Vegemite back in Australian hands

2017-01-18 ntnews.com.au
VEGEMITE will be Australian-owned once again after Bega Cheese agreed to buy the iconic spread and other well-known brands for $460 million.

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Vegemite critic and rival Dick Smith cheers sale to Bega Cheese

2017-01-19 smh.com.au
A deal that has returned Vegemite to Australian hands has delighted Dick Smith, the most vocal critic of the yeast spread's foreign ownership  so much that he has pumped $250,000 into the product's new owner, Bega Cheese.  

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Bega Cheese snaps up Vegemite as part of $460m deal

2017-01-18 theage.com.au
Bega Cheese has bought back the farm by broadening its reach in the food industry, snapping up Vegemite and other Kraft brands in a $460 million deal which takes it far from its roots as a cheese producer.

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Japanese Hotelier Angers China With Claim That Nanjing Massacre Was Fake - WSJ

2017-01-19 wsj
TOKYO—One of Japan’s largest hotel chains has sparked condemnation from China for a book placed in its rooms that questions Tokyo’s wartime guilt.

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Acquired Taste: Vegemite Gets an Australian Owner - WSJ

2017-01-19 wsj
SYDNEY—Vegemite, Australia’s best-known condiment, is about to have something relatively unusual in its nearly 100-year history: an Australian owner.

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Vegemite back in Australian ownership after A$460m Bega deal - BBC News

2017-01-19 bbc.co.uk
Vegemite will return to Australian ownership after Bega Cheese agreed to buy a range of well-known food brands in a deal worth A$460m (£280m; $345m).