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Visit One News Page for Australia news from around the world, aggregated from leading sources including newswires, newspapers and broadcast media. Search millions of archived news headlines. This feed provides the Australia news headlines.

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    Australia's Ashleigh Barty beat an out-of-sorts French number one Caroline Garcia to keep her semi-final hopes alive at the WTA Elite Trophy on Thursday. Reported by News24 1 hour ago.

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  • 11/01/18--03:59: ARYZTA AG 2018 AGM Result
  • NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.  

    Zurich/Switzerland, 1 November 2018

    ARYZTA AG today publishes 2018 AGM results The news release can be downloaded from the following link:

    *Attachment*

    · Announcement.pdf Reported by GlobeNewswire 55 minutes ago.

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    New Zealand bank used blockchain to send meat to South Korea A prominent bank has claimed a piece of New Zealand’s exporting history, by sending some meat to Korea and tracking it with its fancy new blockchain system. ASB, a subsidiary of Australia’s Commonwealth Bank, says it has conducted New Zealand’s first “bank blockchain” trade. Kiwi meat exporter Greenlea Premier Meats conducted the meat trade with a large Korean importer. According to the release (spotted by local media), all relevant documents relating to the trade were able to be uploaded, shared and updated within ASB’s blockchain platform. The bank’s blockchain platform was used in parallel to the traditional trade process, indicating ASB…

    This story continues at The Next Web Reported by The Next Web 43 minutes ago.

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    Australia announced Thursday it will invest in redeveloping a Papua New Guinea naval base as concerns mount over increasing Chinese influence in the South Pacific. Reported by FOXNews.com 10 minutes ago.

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    A hitman suspected of killing anti-drugs campaigner and would-be politician Donald Mackay in a car park has died, taking with him the secrets of one of Australia's most enduring murder mysteries. Reported by Brisbane Times 27 minutes ago.

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    India begin the tour with three T20s, which will be followed by a four-match Test series, the first beginning at Adelaide on December 6. Reported by Zee News 23 minutes ago.

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    Mike Aiello, a cybersecurity executive at Alphabet Inc.’s Google and previously a Chief Information Security Officer (CISO) at Goldman Sachs for Consumer Banking, will become a Venture Partner for AllegisCyber, a cybersecurity and data science venture capital firm.

    SAN FRANCISCO (PRWEB) November 01, 2018

    Mike Aiello, a cybersecurity executive at Alphabet Inc.’s Google and previously a Chief Information Security Officer (CISO) at Goldman Sachs for Consumer Banking, will become a Venture Partner for AllegisCyber, a cybersecurity and data science venture capital firm. Aiello will bolster the cybersecurity’s firm’s leading position in seed and early stage investing.

    Aiello will continue to work at Alphabet Inc's Google and will join existing AllegisCyber venture partners from Citadel, VMware, Sophos, Cisco and FireEye supporting innovation in cybersecurity.

    Aiello’s Value-Add In Cybersecurity

    “Mike is steeped in cybersecurity -- his expertise spans from an understanding of the market at the highest corporate levels to deep technology domain knowledge with a history of working with early-stage cyber startups,” said Bob Ackerman, the Founder and Managing Director of AllegisCyber.

    “Domain expertise and proven operating chops are core to the AllegisCyber team operating philosophy. We view ourselves as “Company Builders” more than investment managers,” continued Ackerman. “Mike’s knowledge and experience are a natural complement to the balance of our team and will enhance our ability to identify emerging areas of innovation and assist our portfolio companies execute on their visions to become market leaders,” Ackerman added.

    “I’m thrilled to be working with the AllegisCyber team because they understand what it really takes to control and manage cybersecurity risk. Helping connect entrepreneurs to the world’s accelerating need for scalable cybersecurity solutions is critical,” said Aiello.

    Aiello’s Background

    Aiello is the director of product management for Google Cloud Platform Security, where his work helps secure thousands of businesses and billions of people daily. Prior to Google, he held the Chief Information Security Officer (CISO) position at Goldman Sachs for Consumer Banking, where he established the company’s Consumer Trust and Technology Risk Committee.

    In addition, Aiello was the founder of two startups, including DIFRwear, a leading manufacturer or radio frequency (RFID) blocking wallets, passport cases and badge sleeves and LifeEnsured, a company which allowed customers to privately manage their online identities after death, which was acquired in 2012 by DSwiss.

    Aiello has an MBA from the University of Oxford and bachelor’s and master’s degrees in computer science from New York University.

    AllegisCyber Firm Professionals And Its Cybersecurity Network

    Aiello joins a team with deep cyber security domain knowledge and operating experience at AllegisCyber, including Founder Bob Ackerman as well as Managing Directors Pete Bodine, David DeWalt, and Spencer Tall. The firm’s roster of Venture Partners include industry leaders Tom Gillis, Senior Vice President and General Manager of networking and security at VMWare; Nawaf Bitar, Chief Information Officer at Citadel Securities; Joe Levy, Chief Technology Officer at Sophos; John Stewart, Senior Vice President of Security at CISCO; and Jeff Williams, the former Senior Vice President of Sales at FireEye and Ironport Systems, a unit of CISCO.

    In addition to the strong group of leaders in the AllegisCyber network, the firm has a powerful alliance with DataTribe, the Maryland-based cybersecurity and data science startup studio that co-builds and launches next generational commercial software companies in partnership with domain expert entrepreneurs from the national security and intelligence communities.

    About AllegisCyber

    AllegisCyber, based in Silicon Valley and Maryland, has pioneered an integrated cybersecurity investment platform spanning seed to early-growth cybersecurity companies. It’s the first venture firm focused exclusively on cybersecurity and data science and has been investing in cybersecurity for more than 15 years in the U.S and select international markets. The AllegisCyber team is replete with venture capital and start-up entrepreneurial veterans. The team has been described in industry press as the “Cyber’s Money Men” for its domain expertise and position. Current AllegisCyber investments include Area 1 Security, Callsign, CyberGRX, Dragos, SafeGuard Cyber, Shape Security, Signifyd, Source Defense, Synack, and vArmour. For more information, please visit http://www.allegiscyber.com.

    About DataTribe

    DataTribe is a cybersecurity and data science startup studio that invests and co-builds next-generation commercial software. The firm draws upon experienced technology and entrepreneurial teams from the world's most prestigious, high-stakes environments, including the international intelligence community and National Labs from U.S, Canada, UK and Australia. DataTribe is headquartered in Fulton, MD with offices in San Francisco, CA. For more information, visit: https://datatribe.com/ Reported by PRWeb 22 minutes ago.

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    Australia’s business-only bank Tyro, announced it has gone live with its first merchant implementing... Reported by Finextra 3 minutes ago.

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    Meghan Markle keeps wearing navy - as it shows her 'professionalism' The Duchess of Sussex, 37 - who is expecting her first child in the Spring - wore multiple dark blue outfits over the course of the 16-day tour in Australia, Fiji, Tonga and New Zealand. Reported by MailOnline 4 hours ago.

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    Usain Bolt leaves Central Coast Mariners football team (CNN)Usain Bolt's soccer career in Australia has come to an end with the announcement Friday that the Olympic sprint champion and the Central Coast Mariners have failed to reach a deal. Bolt made the move from sprinter to soccer player this summer, joining the Mariners for an "indefinite training period." He scored two goals in his first start for the club last month, a pre-season... Reported by WorldNews 3 hours ago.

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    [India] Nov 2 (ANI): Indian captain Virat Kohli has backed former skipper Mahendra Singh Dhoni, after the wicket-keeper's omission from the T20I squad against Windies and Australia. Kohli stressed Reported by Sify 3 hours ago.

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    In an exclusive interview, Proteas quickie *Kagiso Rabada* talks about SA’s tour of Australia, the Mzansi Super League and the impact of Ottis Gibson. Reported by News24 3 hours ago.

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    The special envoy for Indigenous affairs makes a faux pas on the final day of his tour to remote communities in South Australia. Reported by SBS 3 hours ago.

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    Sachin Tendulkar's comments on Prithvi Shaw ahead of India's tour of Australia, Virat Kohli's clarification on MS Dhoni's exclusion from T20Is - we discuss these stories and more on Episode 75 of Spodcast. Reported by Firstpost 3 hours ago.

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    While people have been convicted before of helping someone to suicide, usually in mercy killings, Justice Peter Davis said no one had been convicted in Australia before of persuading someone who would not otherwise have taken his or her own life to suicide.

     
     
     
     
     
     
      Reported by USATODAY.com 3 hours ago.

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    Global markets are surging after reports Trump is ready to back down in his trade war with China· *News of potential trade breakthrough between the United States and China has sent stocks across Asia and Europe sharply higher, while US futures are rallying.
    *
    · *China’s benchmark Shanghai Composite Index had jumped 2.7%, Hong Kong's Hang Seng is up even more.*
    · *The rally has extended into Europe, with major indexes gaining more than 1% in the first hour of trade. It looks set to continue when US markets open as well, with Dow futures pointing to a 0.9% rise at the open.*
    · *The news follows a series of positive remarks offered by Donald Trump and Xi Jinping in relation to trade negotiations on Thursday.*
    · You can follow what's going on in global stock markets at Markets Insider.

    Stocks around the world are rallying sharply on Friday after reports of a potential trade breakthrough between the United States and China was a catalyst to counter the brutal sell-off which characterised markets in October.

    According to Bloomberg, US President Donald Trump has asked key officials to begin drafting potential terms of a trade agreement with China, saying Trump is interested in reaching an agreement on trade with Chinese President Xi Jinping at the G20 summit in Argentina at the end of the month.

    On top of an apparent easing in trade tensions on Thursday, the news has been welcomed by investors across the region, especially in China — which has so far this year seen its major indexes lose 30% or more of their value. October was especially brutal in stock markets — after a string of sharp sell-offs, last month was the worst month on for the S&P 500 in seven years.

    "The trade war has been partly to blame for the recent equities rout, so any signs that the two powers are making progress will encourage investors to put risk back on the table and pick up stocks at bargain levels," Jasper Lawler, head of research at London Capital Group said in an email.

    Friday's rebound saw the benchmark Shanghai Composite Index soar 2.7%, while the Hang Seng in Hong Kong has jumped by an even larger 4.2%.

    Those gains have continued into the European morning, with stocks across the continent rallying, and looking set for a major gain over the week, as indexes bounce back from the October horror show. By 8.45 a.m. GMT (4.45 a.m. ET), major indexes in continental Europe are broadly higher by more than 1%, with the Euro Stoxx 50 index jumping 1.1%.

    The only country missing out on Friday's bounce is the UK, with the FTSE 100 lagging behind on the back of a major rally in the pound on Thursday. When the pound rises, the FTSE tends to fall as the majority of companies on the index denominate their earnings in dollars, so a stronger pound is a negative for them.

    With Europe bouncing, it also appears that markets in the US are ready to rebound. Futures point to all three major US indexes opening higher later on Friday, with the Dow Jones pointing to a 0.85% gain at the open.

    US stocks could get a further boost when the latest data on non-farm payrolls is released at 8:30 a.m. in Washington (12.30 p.m. in London).

    Job growth likely rebounded in October, with wages expected to gain the most in 9-1/2 years, pointing to further labor market tightening that could encourage the Federal Reserve to raise interest rates again in December. Economists predict that the unemployment rate is expected to stay at a 49-year low of 3.7%, while payrolls probably increased by 190,000 jobs

    Analysts urged caution, however.

    "This remains a fragile situation, but it appears to have turned a corner, providing a floor to the recent equity selloff," Lawler said. "Whilst talks are on a positive note we don’t expect to see a repeat of those extreme bouts of selling that we saw across October."

    News of Trump asking officials to draft new trade terms came shortly after the president tweeted that he had a "long and very good conversation with President Xi Jinping of China."

    "We talked about many subjects, with a heavy emphasis on Trade. Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina," he said.

    According to Chinese state media, Xi Jinping also said on Thursday that he hopes "China and the United States will be able to promote a steady and healthy relationship."

    "The two countries’ trade teams should strengthen contact and conduct consultations on issues of concern to both sides, and promote a plan that both can accept to reach a consensus on the China-US trade issue," Xi said, according to CCTV state television.

    Business Insider Australia's David Scutt contributed reporting.

    *SEE ALSO: Traders betting against FAANG stocks have made $5.5 billion during the brutal October sell-off*

    Join the conversation about this story »

    NOW WATCH: 'Game of Thrones' star Maisie Williams has left Arya Stark behind to help fight nepotism in the arts industries Reported by Business Insider 2 hours ago.

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    Australia is an extreme case of corporate profiteering. Reported by Brisbane Times 2 hours ago.

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    Dublin, Nov. 02, 2018 (GLOBE NEWSWIRE) -- The "Global Image Guided Interventional Systems Market: Focus on Product Type, Modality, Application, End User, and Countries - Level Analysis and Forecast, 2018-2028" report has been added to *ResearchAndMarkets.com's* offering.Global medical device industry is driven by the innovative product launches, advancement in the devices and solution-oriented approach of the manufacturers towards product development. The medical device industry is growing at roust pace owing to the high demand for diagnostic and therapeutic devices treat acute and chronic diseases. There is constant increase in the number of cardiac, neurological, gastroenterological, and orthopaedic diseases among other diseases.Therefore, the image guided interventions market is growing at decent pace as such diseases requires interventional approach for effective treatment. Further, the demand is fuelled by significant improvement in the overall medical devices regulatory and formation of dedicated government bodies for medical device approval. Furthermore, substantial increase in the healthcare expenditure, has attracted more attention of investors for the image guided interventions market.Therefore, to sustain in the highly competitive market, the image guided interventions are gradually evolving as an advanced therapeutic tool in medical device industry with additional benefits, including high precision, live imaging, easy to handle and cost-effectiveness. Additional, the manufacturers in the image guided interventions market seeking relaxation in the legal requirements and regulations to abridge the R&D as well as the approval process for their products. Thus, providing companies to devote more time to solve complex challenges by innovating new components or technologies to attain better product efficiency.

    *The answers to the following key questions can be derived from this report:*

    · How did the image guided interventions market evolve and what is its scope in the future?
    · What are the major market drivers, challenges and opportunities in the global image guided interventions devices market?
    · What are the key strategies that are being adopted by the key players to sustain in this market?
    · What key factors are influencing the end users in the industry?
    · How the image guided interventions systems are being regulated and enter the market?
    · How the supply chain works, and the product approval provided by various government organizations will affect the global image guided interventions market?
    · What was the market size of the leading segments and sub-segments of the global image guided interventions market in 2017?
    · How will the industry evolve during the forecast period 2018- 2028?
    · What are the major benefits of the implementation of image guided interventions in different field of applications including cardiology, neurology, oncology, gastroenterology, orthopedics, ENT surgery and other applications?
    · Who are the key players in the global image guided interventions market and what are their contributions?*Key Topics Covered:* *

    Executive Summary*

    *1 Market Overview*
    1.1 Definition of Image Guided Interventional systems (by Segment)
    1.2 Advantages of Image Guided Interventional Systems
    1.3 Global Image Guided Interventional Systems Market Scenario

    *2 Market Dynamics*
    2.1 Impact Analysis
    2.2 Market Drivers
    2.2.1 Shifting Focus Toward Value Oriented Healthcare Model
    2.2.2 Immense Growth in Emerging Markets
    2.2.3 Strong Increase in Demand for Enhanced Imaging Technology
    2.2.4 Rising Adoption Rate of Minimally Invasive Surgeries
    2.2.5 Frequent Launch of New Technology
    2.2.6 Innovation of Multimodality Systems
    2.2.7 Pricing Pressure on the Manufacturers Owing to Government Reforms
    2.3 Market Challenges
    2.3.1 Real Time Imaging Challenges
    2.3.2 Cost Limitation Challenging Service Affordability
    2.3.3 Significant Product Recalls
    2.4 Market Opportunities
    2.4.1 Rising Adoption of Hybrid Imaging among End Users
    2.4.2 Installation of Hybrid Operating Room
    2.5 Market Trends
    2.5.1 High-end Innovative Product Launches
    2.5.2 Enhanced Product Innovations to Propel Market Growth
    2.5.3 Companies Opting Unique Strategies to Remain Competent
    2.5.4 Upsurge in Utilization of Intraoperative Imaging for Treatment
    2.5.5 Growing Acceptance of Intraoperative Imaging Devices over Other Imaging Devices for Diagnosis/Preventive Therapies

    *3 Competitive Landscape*
    3.1 Key Development and Strategies
    3.1.1 Product Launches
    3.1.2 Mergers and Acquisitions
    3.1.3 Partnerships, Agreements, and Expansion
    3.1.4 Others (Awards, Milestones, and Achievements)
    3.2 Market Share Analysis

    *4 Industry Insights*
    4.1 Image Guided Interventional Systems Market Supply Chain
    4.2 Image Guided Interventional Systems Regulatory Pathway
    4.2.1 North America (The U.S. and Canada) Medical Device Regulations
    4.2.2 Europe Medical Device Regulations
    4.2.3 Asia-Pacific Medical Device Regulations
    4.2.4 Latin America Medical Device Regulations
    4.2.5 Middle East and Africa Medical Device Regulations
    4.3 Regulatory Bodies

    *5 Global Image Guided Interventional Systems Market (by Product Type)*
    5.1 Overview
    5.2 Single Plane Systems
    5.3 Bi-plane Systems

    *6 Global Image Guided Interventional Systems Market (by Modality)*
    6.1 Overview
    6.2 Intraoperative MRI Scanner
    6.3 Intraoperative CT Scanner
    6.4 Vascular Interventional Systems
    6.5 Intravascular Ultrasound (IVUS), Fractional Flow Reserves, and Instantaneous Wave Free Ratio
    6.6 Intraoperative Ultrasound
    6.7 Endoscopes System
    6.8 Fluoroscopy
    6.9 Others (Digital and Hybrid System)

    *7 Global Image Guided Interventional Systems Market (by Application)*
    7.1 Overview
    7.2 Cardiology
    7.3 Neurology
    7.4 Oncology
    7.5 Gastroenterology
    7.6 Orthopedics
    7.7 ENT Surgery
    7.8 Other Applications (Urology, Cranial, and Pain Management and Oral Interventions)

    *8 Global Image Guided Interventional Systems Market (by End User)*
    8.1 Overview
    8.2 Hospitals
    8.3 Ambulatory Surgical Centers
    8.4 Specialty Clinics

    *9 Global Image Guided Interventional Systems Market (by Region)*
    9.1 Overview
    9.2 North America
    9.2.1 North America Market Dynamics
    9.2.2 The U.S.
    9.2.3 Canada
    9.3 Europe
    9.3.1 Europe Market Dynamics
    9.3.2 Germany
    9.3.3 The U.K.
    9.3.4 France
    9.3.5 Spain
    9.3.6 Italy
    9.3.7 Rest-of-Europe
    9.4 APAC
    9.4.1 APAC Market Dynamics
    9.4.2 China
    9.4.3 India
    9.4.4 Japan
    9.4.5 Australia
    9.4.6 Singapore
    9.4.7 Thailand
    9.4.8 Malaysia
    9.4.9 Rest-of-APAC
    9.5 Latin America
    9.5.1 Latin America Market Dynamics
    9.5.2 Brazil
    9.5.3 Mexico
    9.5.4 Argentina
    9.5.5 Rest-of-Latin America
    9.6 Middle East and Africa
    9.6.1 Middle East and Africa Market Dynamics
    9.6.2 South Africa
    9.6.3 North Africa
    9.6.4 Saudi Arabia
    9.6.5 United Arab Emirates (UAE)
    9.6.6 Rest-of-MEA

    *10 Company Profiles*· Arthrex, Inc.
    · B. Braun Melsungen AG
    · Boston Scientific Corporation
    · C. R. Bard, Inc.
    · Canon Inc.
    · DENTSPLY SIRONA Inc.
    · Elekta AB
    · Fujifilm Holdings Corporation
    · GE Healthcare
    · Hitachi Ltd.
    · Hologic, Inc.
    · IMRIS Inc.
    · KARL STORZ SE & Co. KG
    · Koninklijke Philips N.V.
    · Medtronic Plc
    · Olympus Corporation
    · Shimadzu Corporation
    · Siemens AG
    · Stryker Corporation
    · Terumo Corporation

    For more information about this report visit https://www.researchandmarkets.com/research/frtskk/global_image?w=12

    Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.

    CONTACT:
    CONTACT: ResearchAndMarkets.com
    Laura Wood, Senior Press Manager
    press@researchandmarkets.com
    For E.S.T Office Hours Call 1-917-300-0470
    For U.S./CAN Toll Free Call 1-800-526-8630
    For GMT Office Hours Call +353-1-416-8900
    Related Topics: Medical Imaging Reported by GlobeNewswire 2 hours ago.

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    Retribution is at hand for Australia in their first series against South Africa, and at home, since the Newlands meltdown Reported by CricBuzz 1 hour ago.

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    BROOKFIELD, NEWS, Nov. 02, 2018 (GLOBE NEWSWIRE) -- Brookfield Business Partners L.P. (NYSE: BBU) (TSX: BBU.UN) (“Brookfield Business Partners”) announced today financial results for the quarter ended September 30, 2018.“We reported strong results for the third quarter, benefitting from increased scale and diversification of our business as a result of acquisitions, organic growth and improvements we have made to our operations,” said Cyrus Madon, CEO of Brookfield Business Partners. “With the acquisition of Westinghouse Electric Company, we have entered the Infrastructure Services segment, which has significant long-term growth potential for our business.”

      Three months ended
    September 30 Nine months ended
    September 30
    US$ millions (except per unit amount), unaudited * * *2018*   2017   * * *2018*   2017
    Net income attributable to unitholders^1 $ *93* $ 9   *$* *286* $ 69
    Net income per limited partnership unit^2,3 *$* *─* $ (0.15)   *$* *0.06* $ 0.40Company FFO^1,4 *$* *170* $ 46   *$* *485* $ 184
    Company FFO per limited partnership unit^2 *$* *1.31* $ 0.42    *$* *3.75* $ 1.70

    Brookfield Business Partners reported Company FFO for the three months ended September 30, 2018 of $170 million, or $1.31 per unit (excluding incentive distribution), compared to $46 million, or $0.42 per unit in the same period of 2017. Company FFO in the quarter benefited from significantly improved results in our industrials segment and the incremental contributions of Westinghouse and Teekay Offshore. Net income attributable to unitholders for the quarter was $93 million compared to $9 million in 2017. Net income per limited partnership unit was $nil.

    *Operational Update *

    The following table presents Company FFO by segment:

      Three months ended
    September 30 Nine months ended
    September 30
    US$ millions, unaudited * * *2018*     2017^5   * * *2018*     2017^5  
    Business Services $ *26*   $ 40   *$* *109*   $ 70  
    Infrastructure Services * * *49*     ─   * * *49*     ─  
    Energy * * *35*     (5)   * * *104*     26  
    Industrials * * *76*     22   * * *268*     109  
    Corporate and Other * * *(16)*   * * (11)   * * *(45)*   * * (21)  
    Company FFO^1,4 *$* *170*   $ 46   *$* *485*   $ 184  

    Our *business services* segment generated Company FFO of $26 million during the quarter, compared to $40 million in the third quarter of 2017. Previous year results included our U.S. brokerage joint venture which was sold in the second quarter of 2018. Results also benefited from strong performances at our gaming operation, One Toronto, and at BGIS, our facilities management business, which performed well across all regions. Our construction services business performed well in Australia and the UK, but results were weak in the Middle East where we are completing projects and refocusing into a smaller operation. New business activity in construction services brought the company’s backlog at the end of the quarter to approximately $8 billion.

    Our *infrastructure services* segment generated Company FFO of $49 million during the quarter. This included a partial contribution from Westinghouse following our acquisition of the company, together with institutional partners, on August 1st. Brookfield Business Partners’ share of the $920 million equity investment was $405 million for a 44% ownership of the business. The business performed well during the two months since the closing of the acquisition and benefited from a one-time recovery on a project.

    Our *energy* segment generated Company FFO of $35 million during the quarter, compared to a loss of $5 million in the third quarter of 2017. Teekay Offshore and Quadrant contributed positively to our results this quarter. We exercised an option during the quarter to take a controlling interest of 51% in Teekay Offshore’s general partner. Prior year results include a $16 million loss on the sale of a small oil and gas producer in Western Canada.

    Our *industrials* segment generated Company FFO of $76 million during the quarter, compared to $22 million in the third quarter of 2017. Company FFO increased largely due to significantly higher contributions from GrafTech compared to the prior year and the first full quarter of contribution from Schoeller Allibert, our newly acquired returnable packaging manufacturer. During the quarter we realized proceeds of $668 million ($230 million for Brookfield Business Partners) from a secondary offering and concurrent share buyback at GrafTech.

    *Strategic Initiatives Update*

    · *Quadrant Energy
    *In August we signed an agreement to sell Quadrant, our Australian oil and gas company, for $2.15 billion. Brookfield Business Partners’ net share of the proceeds is expected to be ~$125 million. In addition to the sale consideration, the agreement includes future upside on select exploration interests.

    · *Imagine Communications
    *In October, together with institutional partners, we acquired a 50.1% controlling interest in Imagine Communications, a provider of high speed fixed wireless broadband. The company is an established business using a proven technology to roll out a national high-speed broadband solution in rural areas of Ireland. Brookfield Business Partners will own 30% of the business.

    · *Cardone Industries
    *In October we originated a $240 million senior secured term loan to Cardone Industries, a leading remanufacturer of automotive parts in North America. Brookfield Business Partners’ share of the loan was $50 million, with the balance taken by institutional partners. The financing was used to partially refinance existing indebtedness and provide liquidity to fund further growth.

    *Distribution*

    The Board has declared a quarterly distribution in the amount of $0.0625 per unit, payable on December 31, 2018 to unitholders of record as at the close of business on November 30, 2018. 

    *Additional Information*

    The Board has reviewed and approved this news release, including the summarized unaudited consolidated financial statements contained herein.

    Brookfield Business Partners’ Letter to Unitholders and the Supplemental Information are available at https://bbu.brookfield.com/reports-and-filings.

    Notes:

    1  Attributable to limited partnership unitholders, general partnership unitholders, redemption-exchange unitholders and special limited partnership unitholders.

    2  Average number of partnership units outstanding on a fully diluted time weighted average basis, assuming the exchange of redemption exchange units held by Brookfield Asset Management for limited partnership units, for the three and nine months ended September 30, 2018 was 129.3 million (2017: 108.9 for the three months ended and 108.3 for the nine months ended September 30, 2017).

    3  Income (loss) attributed to limited partnership unit on a fully diluted basis is reduced by incentive distributions paid to special limited partnership unitholders during the period. A reconciliation of net income per unit is available on page 11 of this release.

    4  Company FFO is presented as a net amount attributable to unitholders and is a non-IFRS measure and is calculated as net income excluding the impact of depreciation and amortization, deferred income taxes, breakage and transaction costs, non-cash gains or losses and other items. When determining Company FFO, we include our proportionate share of Company FFO of equity accounted investment. A reconciliation of net income to Company FFO is available on pages 7 to 10 of this release.

    5  The comparative figures have been updated to conform with the new segment presentation.

     *Brookfield Business Partners *is a business services and industrials company focused on owning and operating high-quality businesses that benefit from barriers to entry and/or low production costs. Brookfield Business Partners is listed on the New York and Toronto stock exchanges. Important information may be disseminated exclusively via the website; investors should consult the site to access this information.

    Brookfield Business Partners is the flagship listed business services and industrials company of Brookfield Asset Management Inc. (NYSE: BAM)(TSX: BAM.A)(EURONEXT: BAMA), a leading global alternative asset manager with over $300 billion of assets under management.

    *For more information, please visit our website at *https://bbu.brookfield.com* or contact:*

    *Media:*
    Claire Holland
    Tel: (416) 369-8236
    Email: claire.holland@brookfield.com
    *Investors:*
    Gwyn Hemme
    Tel: (416) 359-8632
    Email: gwyn.hemme@brookfield.com

    *Conference Call and 2018 Third Quarter Earnings Details*

    Investors, analysts and other interested parties can access Brookfield Business Partners’ 2018 third quarter results as well as the Letter to Unitholders and Supplemental Information on our website under the Reports & Filings section at https://bbu.brookfield.com

    The conference call can be accessed via webcast on November 2, 2018 at 11:00 a.m. Eastern Time at https://bbu.brookfield.com or via teleconference at +1 (866) 521-4909 toll free in North America. For overseas calls please dial +1 (647) 427-2311, at approximately 10:50 a.m. Eastern Time. A recording of the teleconference can be accessed at +1 (800) 585-8367 or +1 (416) 621-4642, conference ID: 1519659.

    *Cautionary Statement Regarding Forward-looking Statements and Information*

    Note: This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, include statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook of Brookfield Business Partners, as well as the outlook for North American and international economies for the current fiscal year and subsequent periods, and include words such as “expects,” “anticipates,” “plans,” “believes,” “estimates,” “seeks,” “intends,” “targets,” “projects,” “forecasts” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may,” “will,” “should,” “would” and “could.”

    Although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of Brookfield Business Partners to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.

    Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: the impact or unanticipated impact of general economic, political and market factors in the countries in which we do business; the behavior of financial markets, including fluctuations in interest and foreign exchange rates; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; strategic actions including dispositions; the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits; changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); the ability to appropriately manage human capital; the effect of applying future accounting changes; business competition; operational and reputational risks; technological change; changes in government regulation and legislation within the countries in which we operate; governmental investigations; litigation; changes in tax laws; ability to collect amounts owed; catastrophic events, such as earthquakes and hurricanes; the possible impact of international conflicts and other developments including terrorist acts and cyber terrorism; and other risks and factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States.

    We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking statements, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, Brookfield Business Partners undertakes no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.

    *Cautionary Statement Regarding the Use of Non-IFRS Measures*

    This news release contains references to Company FFO. When determining Company FFO, we include our unitholders’ proportionate share of Company FFO for equity accounted investments. Company FFO is not a generally accepted accounting measure under IFRS and therefore may differ from definitions of Company FFO or Funds from Operations used by other entities. We believe that this is a useful supplemental measure that may assist investors in assessing the financial performance of Brookfield Business Partners and its subsidiaries. Company FFO should not be considered as the sole measure of our performance and should not be considered in isolation from, or as a substitute for, analysis of our financial statements prepared in accordance with IFRS.

    References to Brookfield Business Partners are to Brookfield Business Partners L.P. together with its subsidiaries, controlled affiliates and operating entities. Brookfield Business Partners’ results include publicly held limited partnership units, redemption-exchange units, general partnership units and special limited partnership units. More detailed information on certain references made in this news release will be available in our Management’s Discussion and Analysis of Financial Condition and Results of Operations for the quarter ended September 30, 2018.

    *Brookfield Business Partners L.P.
    Consolidated Statements of Financial Position*

      *As of*
    US$ millions, unaudited * * *Sep. 30, 2018*   Dec. 31, 2017
      * * * *    
    *Assets* * * * *    
    Cash and cash equivalents *$* *1,770* $ 1,106
    Financial assets * * *1,252*   784
    Accounts receivable, net * * *5,430*   4,362
    Inventory and other assets * * *3,362*   1,577
    Assets held for sale * * *145*   14
    Property, plant and equipment * * *7,067*   2,530
    Deferred income tax assets * * *217*   174
    Intangible assets * * *5,427*   3,094
    Equity accounted investments * * *536*   609
    Goodwill * * *2,420*   1,554
    *Total assets* *$* *27,626* $ 15,804
      * * * *    
    *Liabilities* * * * *    
    Accounts payable and other *$* *9,386* $ 5,638
    Liabilities associated with assets held for sale * * *12*   ─
    Borrowings * * *10,865*   3,265
    Deferred income tax liabilities * * *887*   837
    *Total liabilities* * * *21,150*   9,740
    * * * * * *    
    *Equity^1 * * * * *    
    Limited partners * * *1,519*   1,585
    General partner * * *─*   ─
    Non-controlling interests attributable to: * * * *    
    Redemption-Exchange Units, Preferred Shares and Special Limited Partnership Units held by Brookfield Asset Management Inc. * * *1,386*   1,453
    Interest of others in operating subsidiaries * * *3,571*   3,026
    *Total equity * * * *6,476*   6,064
    *Total liabilities and equity * *$* *27,526* $ 15,804
    * * * * * *   * *

    Note:

    1  Attributable to limited partnership unitholders, general partnership unitholders, redemption-exchange unitholders, special limited partnership unitholders and preferred shareholders.

    *Brookfield Business Partners L.P.*
    *Consolidated Statements of Operating Results*

    US$ millions, unaudited *Three months ended* *September 30* *Nine months ended* *September 30*
      *2018 *   2017   *2018 *   2017
                * *    
    Revenues *$* *9,990* $ 7,640 *$* *26,959* $ 14,444
    Direct operating costs * * *(9,080**)* * * (7,295) * * *(24,929**)* * * (13,842)
    General and administrative expenses * * *(174**)* * * (95) * * *(434**)* * * (233)
    Depreciation and amortization expense * * *(251**)* * * (109) * * *(462**)* * * (262)
    Interest income (expense), net * * *(148**)* * * (66) * * *(317**)* * * (135)
    Equity accounted income (loss), net * * *(9**)* * * 37 * * *1 * * * 61
    Impairment expense, net * * *(180**)* * * ─ * * *(180**)* * * (30)
    Gain (loss) on acquisitions/dispositions, net * * *247* * * (14) * * *353 * * * 267
    Other income (expenses), net * * *(42**)* * * (41) * * *(63**)* * * (36)
    Income (loss) before income tax * * *353* * * 57 * * *928 * * * 234
    Income tax (expense) recovery * * * * * * * * * * * * * *  
    Current * * *(43**)* * * (19) * * *(123**)* * * (19)
    Deferred * * *(25**)* * * 6 * * *4* * * 6
    Net income (loss) *$* *285* $ 44 *$* *809* $ 221
    *Attributable to*^1*:* * * * * * * * * * * * * * *  
    Limited partners *$* *(1**)* $ (8) *$* *4* $ 21
    General partner * * *─*   ─ * * *─*   ─
    Non-controlling interests attributable to: * * * *     * * * *    
    Redemption-exchange units held by Brookfield Asset Management Inc. * * *─*   (8) * * *4*   23
    Special Limited Partners * * *94*   25 * * *278*   25
    Interest of others in operating subsidiaries * * *192*   35 * * *523*   152
      * * * * * * * * * * * *    

    Note:

    1  Attributable to limited partnership unitholders, general partnership unitholders, special limited partnership unitholders and redemption-exchange unitholders.

    *Brookfield Business Partners L.P.*
    *Statements of Company Funds from Operations*

    For the 3 months ended
    September 30, 2018
    US$ millions, unaudited *Business Services* *Infrastructure Services* *Energy* *Industrials* *Corporate and Other* *Total*
    Revenues $ 7,923 $ 740 $ 390 $ 937 $ ─ $ 9,990
    Direct operating costs * * (7,784)   (574)   (216)   (504)   (2)   (9,080)
    General and administrative expenses (64)   (16)   (11)   (65)   (18)   (174)
    Interest income (expense), net * * (9)   (35)   (48)   (60)   4   (148)
    Equity accounted Company FFO 7   ─   17   2   ─   26
    Current income taxes * * (8)   (4)   (5)   (26)   ─   (43)
    Realized disposition gains (loss), net * * ─   ─   ─   (3)   ─   (3)
    Other income (expense), net * *         (11)           (11)
    Company FFO attributable to others * * (39)   (62)   (81)   (205)   ─   (387)
    *Company FFO^1,2* * * *26 * * * *49 * * * *35 * * * *76 * * * *(16)* * * *170*
    Depreciation and amortization expense * * * * * * * * * * * * * * * * * * * * * * (251)
    Impairment expense, net * * * * * * * * * * * * * * * * * * * * * * (180)
    Realized disposition gain (loss), net * * * * * * * * * * * * * * * * * * * * * * 250
    Deferred income taxes * * * * * * * * * * * * * * * * * * * * * * (25)
    Other income (expense), net * * * * * * * * * * * * * * * * * * * * * * (31)
    Non-cash items attributable to equity accounted investments * * * * * * * * * * * * * * * * * * * * (35)
    Non-cash items attributable to others * * * * * * * * * * * * * * * * * * * * * * 195
    *Net income (loss) attributable to unitholders^2* * * * * * * * * * * * * * * * * * * * * *$* *93 *

    Notes:1  The Statements of Company Funds from Operations above are prepared on a basis that is consistent with Brookfield Business Partners’ Supplemental Information and differs from net income as presented in Brookfield Business Partners’ Consolidated Statements of Operating Results on page 6 of this release, which is prepared in accordance with IFRS. Management uses company funds from operations (Company FFO) as a key measure to evaluate operating performance. Readers are encouraged to consider both measures in assessing Brookfield Business Partners’ results. Company FFO is presented as a net amount attributable to unitholders and is a non-IFRS measure and is calculated as net income excluding the impact of depreciation and amortization, deferred income taxes, breakage and transaction costs, non-cash gains or losses and other items. When determining Company FFO, we include our proportionate share of Company FFO for equity accounted investments.

    2  Attributable to limited partnership unitholders, general partnership unitholders, special limited partnership unitholders and redemption-exchange unitholders.

    *Brookfield Business Partners L.P.*
    *Statements of Company Funds from Operations*

    For the 9 months ended
    September 30, 2018
    US$ millions, unaudited *Business Services* *Infrastructure Services* *Energy* *Industrials* *Corporate and Other* *Total*  
    Revenues $ 23,129 $ 740 $ 544 $ 2,539 $ 7 $ 26,959  
    Direct operating costs * * (22,729)   (574)   (325)   (1,295)   (6)   (24,929)  
    General and administrative expenses (203)   (16)   (21)   (144)   (50)   (434)  
    Interest income (expense), net * * (50)   (35)   (62)   (174)   4   (317)  
    Equity accounted Company FFO 21   ─   79   9   ─   109  
    Current income taxes * * (38)   (4)   (6)   (75)   ─   (123)  
    Realized disposition gains (loss), net * * 55   ─   ─   48   ─   103  
    Other income (expense), net * *         (11)           (11)  
    Company FFO attributable to others * * (76)   (62)   (94)   (640)   ─   (872)  
    *Company FFO^1,2* * * *109* * * *49* * * *104* * * *268* * * *(45)* * * *485*  
    Depreciation and amortization expense * * * * * * * * * * * * * * * * * * * * * * (462)  
    Impairment expense, net * * * * * * * * * * * * * * * * * * * * * * (180)  
    Realized disposition gain (loss), net * * * * * * * * * * * * * * * * * * * * * * 250  
    Deferred income taxes * * * * * * * * * * * * * * * * * * * * * * 4  
    Other income (expense), net * * * * * * * * * * * * * * * * * * * * * * (52)  
    Non-cash items attributable to equity accounted investments * * * * * * * * * * * * * * * * * * * * (108)  
    Non-cash items attributable to others * * * * * * * * * * * * * * * * * * * * * * 349  
    *Net income (loss) attributable to unitholders^2* * * * * * * * * * * * * * * * * * * * * *$* *286*  

    Notes:

    1  The Statements of Company Funds from Operations above are prepared on a basis that is consistent with Brookfield Business Partners’ Supplemental Information and differs from net income as presented in Brookfield Business Partners’ Consolidated Statements of Operating Results on page 6 of this release, which is prepared in accordance with IFRS. Management uses company funds from operations (Company FFO) as a key measure to evaluate operating performance. Readers are encouraged to consider both measures in assessing Brookfield Business Partners’ results. Company FFO is presented as a net amount attributable to unitholders and is a non-IFRS measure and is calculated as net income excluding the impact of depreciation and amortization, deferred income taxes, breakage and transaction costs, non-cash gains or losses and other items. When determining Company FFO, we include our proportionate share of Company FFO for equity accounted investments.

    2  Attributable to limited partnership unitholders, general partnership unitholders, special limited partnership unitholders and redemption-exchange unitholders.

    *Brookfield Business Partners L.P.*
    *Statements of Company Funds from Operations*

    For the 3 months ended
    September 30, 2017^3
    US$ millions, unaudited *Business Services* *Infrastructure Services* *Energy* *Industrials* *Corporate and Other* *Total*
    Revenues $ 7,070 $ ─ $ 66 $ 503 $ 1 $ 7,640
    Direct operating costs * * (6,909)   ─   (50)   (335)   (1)   (7,295)
    General and administrative expenses (50)   ─   (4)   (29)   (12)   (95)
    Interest income (expense), net * * (15)   ─   (7)   (44)   ─   (66)
    Equity accounted Company FFO 8   ─   12   ─   ─   20
    Current income taxes * * (15)   ─   2   (7)   1   (19)
    Realized disposition gains (loss), net * * 11   ─   (48)   ─   ─   (37)
    Other income (expense), net * *                     ─
    Company FFO attributable to others * * (60)   ─   24   (66)   ─   (102)
    *Company FFO^1,2* * * *40 * * * ─ * * *(5)* * * *22 * * * *(11)* * * *46*
    Depreciation and amortization expense * * * * * * * * * * * * * * * * * * * * * * (109)
    Realized disposition gain (loss) reported in prior periods * * * * * * * * * * * * * * * * * * * * * * 23
    Impairment expense, net * * * * * * * * * * * * * * * * * * * * * * ─
    Realized disposition gain (loss), net * * * * * * * * * * * * * * * * * * * * * *  
    Deferred income taxes * * * * * * * * * * * * * * * * * * * * * * 6
    Other income (expense), net * * * * * * * * * * * * * * * * * * * * * * (41)
    Non-cash items attributable to equity accounted investments * * * * * * * * * * * * * * * * * * * * 17
    Non-cash items attributable to others * * * * * * * * * * * * * * * * * * * * * * 67
    *Net income (loss) attributable to unitholders^2* * * * * * * * * * * * * * * * * * * * * *$* *9 *

    Notes:

    1  The Statements of Company Funds from Operations above are prepared on a basis that is consistent with Brookfield Business Partners’ Supplemental Information and differs from net income as presented in Brookfield Business Partners’ Consolidated Statements of Operating Results on page 6 of this release, which is prepared in accordance with IFRS. Management uses company funds from operations (Company FFO) as a key measure to evaluate operating performance. Readers are encouraged to consider both measures in assessing Brookfield Business Partners’ results. Company FFO is presented as a net amount attributable to unitholders and is a non-IFRS measure and is calculated as net income excluding the impact of depreciation and amortization, deferred income taxes, breakage and transaction costs, non-cash gains or losses and other items. When determining Company FFO, we include our proportionate share of Company FFO for equity accounted investments.

    2  Attributable to limited partnership unitholders, general partnership unitholders, special limited partnership unitholders and redemption-exchange unitholders.

    3 The figures have been updated to conform with the new segment presentation.

    *Brookfield Business Partners L.P.*
    *Statements of Company Funds from Operations*

    For the 9 months ended
    September 30, 2017^3
    US$ millions, unaudited *Business Services* *Infrastructure Services* *Energy* *Industrials* *Corporate and Other* *Total*
    Revenues $ 13,100 $ ─ $ 199 $ 1,140 $ 5 $ 14,444
    Direct operating costs * * (12,823)   ─   (146)   (870)   (3)   (13,842)
    General and administrative expenses (125)   ─   (12)   (66)   (30)   (233)
    Interest income (expense), net * * (28)   ─   (20)   (87)   ─   (135)
    Equity accounted Company FFO 23   ─   36   1   ─   60
    Current income taxes * * (7)   ─   1   (20)   7   (19)
    Realized disposition gains (loss), net * * 19   ─   (12)   237   ─   244
    Other income (expense), net * *                     ─
    Company FFO attributable to others * * (89)   ─   (20)   (226)   ─   (335)
    *Company FFO^1,2* * * *70 * * * *─* * * *26* * * *109* * * *(21)* * * *184*
    Depreciation and amortization expense * * * * * * * * * * * * * * * * * * * * * * (262)
    Realized disposition gain (loss) reported in prior periods * * * * * * * * * * * * * * * * * * * * * * 23
    Impairment expense, net * * * * * * * * * * * * * * * * * * * * * * (30)
    Realized disposition gain (loss), net * * * * * * * * * * * * * * * * * * * * * * ─
    Deferred income taxes * * * * * * * * * * * * * * * * * * * * * * 6
    Other income (expense), net * * * * * * * * * * * * * * * * * * * * * * (36)
    Non-cash items attributable to equity accounted investments * * * * * * * * * * * * * * * * * * * * 1
    Non-cash items attributable to others * * * * * * * * * * * * * * * * * * * * * * 183
    *Net income (loss) attributable to unitholders^2* * * * * * * * * * * * * * * * * * * * * *$* *69*

    Notes:

    1  The Statements of Company Funds from Operations above are prepared on a basis that is consistent with Brookfield Business Partners’ Supplemental Information and differs from net income as presented in Brookfield Business Partners’ Consolidated Statements of Operating Results on page 6 of this release, which is prepared in accordance with IFRS. Management uses company funds from operations (Company FFO) as a key measure to evaluate operating performance. Readers are encouraged to consider both measures in assessing Brookfield Business Partners’ results. Company FFO is presented as a net amount attributable to unitholders and is a non-IFRS measure and is calculated as net income excluding the impact of depreciation and amortization, deferred income taxes, breakage and transaction costs, non-cash gains or losses and other items. When determining Company FFO, we include our proportionate share of Company FFO for equity accounted investments.

    2  Attributable to limited partnership unitholders, general partnership unitholders, special limited partnership unitholders and redemption-exchange unitholders.

    3  The figures have been updated to conform with the new segment presentation.

    *Brookfield Business Partners L.P.*
    *Reconciliation of Net Income per Unit*

      *Three months ended
    September 30* *Nine months ended
    September 30*
    US$, unaudited * * *2018*   2017 * * *2018*   2017
    Net income (loss) per unitholder, excluding incentive distribution^1 *$* *0.72* $ 0.08 *$* *2.21* $ 0.63
    Incentive distribution per unit^2 * * *(0.72)*   (0.23) * * *(2.15)*   (0.23)
    Net income (loss) attributable to limited partnership unit^1,2 *$* *─* $ (0.15) *$* *0.06 * $ 0.40

    Notes:

    1  Average number of partnership units outstanding on a fully diluted time weighted average basis, assuming the exchange of redemption exchange units held by Brookfield Asset Management for limited partnership units, for the three and nine months ended September 30, 2018 was 129.3 million (2017: 108.9 for the three months ended and 108.3 for the nine months ended September 30, 2017).

    2  Income (loss) attributed to limited partnership unit on a fully diluted basis is reduced by incentive distributions paid to special limited partnership unitholders during the period. Reported by GlobeNewswire 1 hour ago.

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