Japan Post takeover of Toll: FIRB, shareholder approval next

FXStreet (Bali) - Japan Post has confirmed the purchase of Australian-based Toll Holdings takeover, an event that has been underpinning the Aussie overnight in anticipation of M&A activity. However, any take over needs first the FIRB - Foreign Investment Review Board of Australia - to examine the proposal and shareholder approval, which could take some time.

Feb 18, 2015

AUD/JPY hits fresh highs after Japan Post & Aus Toll Holdings M&A sealed

AUD/JPY reversed previous losses and turned in green during Asian trading, after reports hit the wires that Japan Post Holdings confirms the takeover of Australia’s Toll Holdings Ltd, while looming BOJ still remains in focus.

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Feb 18, 2015

NZD/USD moves away from 4-week highs

The New Zealand dollar traded flat, pulling away remained from four–week high levels against the US counterpart in the Asian morning, although positive result in Fonterra's fortnightly Global Dairy Trade (GDT) auction continues to support the kiwi.

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