The move, which comes against the backdrop of a boom in James Hardie's biz in recent years following strong demand for its fibre cement products in the United States, sent its shares nearly 11% lower.
The news sent API's shares tumbling 12.7% to A$1.51 in early trade, as Wesfarmers' A$1.55 per share offer was 20 cents a share lower than Woolworths' proposal.
The leaders of Japan and Australia signed a landmark defense agreement Thursday that allows closer cooperation between their militaries
The top-ranked Djokovic flew in after receiving a medical exemption from the strict vaccination requirements in place for the Australian Open, where he is a nine-time winner
The exemption allows the top-ranked Djokovic entry to the tournament regardless of his vaccination status
In the last 24 hours,the country reported more than 47,000 cases and four fatalities
Multiple COVID-19 outbreaks inside bio-bubbles on Tuesday have hit the Australian domestic league hard as cricket in the country continued to grapple with the virus
Australia's antitrust regulator said it has contacted suppliers of Covid-19 rapid antigen test kits to examine pricing pressures in the market
New virus cases in Australia surged to record levels on Tuesday, increasing the strain on hospitals and testing centres across the country. In New South Wales, Australia's most-populous state, 23,131 new cases were reported, an increase on the record of 22,577 cases on New Year's Day. There were 1,344 people in hospitals, up 140 on the previous day and 78 more than the record previously set in late September. The new cases were detected from 83,376 tests, a positivity rate of 28%. Victoria state reported 14,020 cases on Tuesday, eclipsing the record of 8,577 set on Monday. There were 516 people in hospitals, including 108 in intensive care. The new numbers mean Australia has passed the grim milestone of 500,000 COVID-19 cases. New South Wales Chief Medical Officer Kerry Chant on Monday urged people not to seek hospital treatment unless absolutely necessary. It is important that we all play our part in not placing unnecessary burden on the health system, she said. Prime Minister S
Australian Prime Minister Scott Morrison on Monday said his country's health system can cope with the new wave of coronavirus infections as Victoria state reported a record number of new cases
On an extraordinary of cricket both on and off the field, England faced an uphill battle to save the third test against Australia and with it the Ashes. Before play even began Monday. Cricket Australia called for calm after a COVID-19 scare involving two members of England's support staff resulted in a delay to the start of the second day of play at the Melbourne Cricket Ground. Australia was bowled out for 267 as the home side grabbed a first-innings advantage of 82 runs, before England reached 31-4 in its second innings at stumps Monday. England seamer James Anderson gave a masterful display, claiming the key wickets of Marcus Harris (76) and Steve Smith (16) in his tally of 4-33 off 23 overs. But England's batters were soon under attack again. Mitchell Starc (2-11) dismissed Zak Crawley, caught behind for 5, and Dawid Malan, leg before without scoring, in consecutive deliveries in the fifth over. Debutant Scott Boland (2-1) delighted his home crowd of 42,626 roaring fans by ...
Record daily case numbers were reported on Monday in the states of Victoria, Queensland, South Australia and Tasmania, as well as the Australian Capital Territory
Fireworks cancelled in London, Paris, Kuala Lumpur; South Africa lifts curfew, announces Omicron wave has passed
The newly formed strategic alliance involving Australia, the United Kingdom, and the United States will form a pivotal role in shaping the strategic affairs of the international system.
A part of the T20 World Cup winning Australian team, Marsh scored 627 runs in 27 matches at an average of 36.88
Australia's Victoria and Queensland states reported record levels of new daily coronavirus infections on Tuesday as pressure on testing centers prompted calls for wider use of rapid antigen tests.
Coal is almost entirely destined for India, where fossil fuel is used to generate nearly 70 per cent of the electricity.
The fatal case was identified as a man in his 80s who was infected at an aged care facility in western Sydney
Adani Group is preparing to ship the first coal cargo from Australia's most controversial mine, after battling a seven-year campaign by climate activists and defying a global push
Australia's New South Wales state reported more than 6,000 new COVID-19 cases on Monday and confirmed its first death from the omicron variant.