Westpac and St George in merger talksWestpac Banking Corp <WBC.AX> Australia's fourth-biggest lender, said on Monday it had entered merger talks with St George Bank which has a market value of $15 billion, to create Australia's largest home lending and wealth management provider.
Living in a world of $200 oilIt is about 125 years since shipping oil in wooden barrels became obsolete. An oil price above $125 a barrel, however, and speculation that the price could hit $200 are reminders that we have become ever more dependent on the black stuff. Oil is unlikely to hit $200 and remain above it any time soon but economies would suffer if it did.
23 minutes ago, source: AAP
Shares in Australia's only listed private health insurer, NIB Holdings Ltd, plunged in early trading on Monday.
41 minutes ago, source: AAP
Westpac Banking Corporation has approached St George Bank about a proposed merger between the two.
47 minutes ago, source: AAP
China has established a company to build regional commercial jets, with an eye to eventually reducing the country's reliance on Boeing and Airbus.
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