Jun 26, 2017 Last Updated 10:15 AM, Jun 26, 2017

New Entry From the Editor :

Glencore hits back with second counter offer for Rio Tinto’s Hunter Valley coal asset

Glencore hits back with second…

AusBN - Glencore has come in with a second counter offer of US$2.675 billio...

Qantas pursuing growth in China but keeping eyes on global markets

Qantas pursuing growth in Chin…

AusBN - Qantas is looking to expand its share of the growing Chinese travel...

Bega Cheese launches $160m capital raise

Bega Cheese launches $160m cap…

AusBN - Bega Cheese is opening a AUS$160 million capital raising in order t...

Capital city house prices fall in November

View from Q1 looking northAusBN – Housing in Australia’s capital cities fell in price by an average of 1.5% in November, according to a survey by CoreLogic RP Data.

House prices fell in five out of eight capital cities, led by Melbourne where they fell by 3.5% to a median price of $602,500.

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NSW’s TransGrid leased to consortium

Electric poleAusBN – The 99-year TransGrid lease, incorporating a large part of New South Wales’ electricity network, has been awarded to a consortium of foreign and local investors.

The NSW Electricity Networks consortium offered to pay $10.26 billion for the assets, which the state government is leasing out to raise money for infrastructure investment.

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Construction begins on Brisbane's ‘Spire’

SpireAusBN – Construction has begun on Spire, a $200 million residential tower in Brisbane whose 340 luxury apartments were sold out within months.

The tower is being built between Queen Street and Ann Street in the Brisbane CBD and will have 40 floors, including some underground.

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