Babcock says will have negative asset position - CNBC
SYDNEY Jan 7 Reuters - Babcock and Brown Ltd which is in talks to refinance short-term debt will have a substantial net negative asset position at the end of last year the Australian investment firm said on Wednesday. Babcock reitered that any ...
UPDATE 1-Babcock awaiting lenders' response on debt plan - Reuters UK
SYDNEY Jan 6 Reuters - Australian investment firm Babcock and Brown Ltd BNB.AX expects its lenders to decide next week whether to accept its plan to repay short-term debt the firm said after its shares soared 54 percent on Tuesday. The share ...
Babcock: given banks plan to repay short-term debt - ninemsn
SYDNEY Jan 6 Reuters - Babcock and Brown Ltd BNB.AX has submitted a proposal to its lenders on repaying a short-term debt facility the Australian investment bank said on Tuesday adding it expected a response next week slightly later than ...
PRESS DIGEST-Australian Business News - Jan 2 - Reuters
Investment banks in Australia have cut hundreds of jobs in the past few weeks after the number of corporate transactions fell dramatically due to the global financial crisis. The number of deals performed by the banks during 2008 was only a third of ...