'Brace for falling living standards' - The Fin; Indonesia fires new shots in live-cattle trade war - The Aus; Shake-up call on gas pricing threatens LNG - The Aus; Canadian firm to gobble up local miner - The West; BHP shelves third billion-dollar plan - The Aus
Everyone loves a bargain. But, there comes a time when cheap is too cheap, as the world is discovering with falling prices destabilising industries, and entire economies.
Four examples illustrate the destructive power of falling prices:
Japan's Inpex Corporation has announced that a final investment decision on its Ichthys liquefied natural gas (LNG) project may be delayed until January.
Inpex and its partner, France's Total, had been targeting FID by the end of 2011.
Engineering company WorleyParsons has won a contract for construction management services on the onshore component of the Wheatstone liquefied natural gas (LNG) project.
The estimated revenue to be received by Worley under the contract is A$235 million.
Markets on a knife-edge - The Aus; Investors face tough profit season - The Fin; Murchison looks for deal to save company - The West; Shell move clouds Woodside's Sunrise - The Fin; Miners 'soaking up limited resources - The Aus
Southern Cross Electrical Engineering and Leighton Contractors have gone their separate ways after failing to negotiate mutually acceptable terms for a major contract on the Gorgon liquefied natural gas (LNG) project.