04/10/2007 - 07:25

Today's 7.30am headlines

04/10/2007 - 07:25

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Cape Lambert Chinese deal about to collapse; taxpayers fail to lodge tax returns; Coonan tells Telstra to rein push against regulation; Consumers keep spending; Coles may not be selling as cheaply as thought to Wesfarmers.

Chinese steel tycoon Liguo Ding's $216.7 million funding deal for Cape Lambert is on the brink of collapse as Mr Ding is struggling to meet the deadline for a $US57.5 million first down payment. The West

An investigation will be launched into the Australian Taxation Office's handling of taxpayers who fail to lodge tax returns. The Financial Review

Federal Communications Minister Helen Coonan has told Telstra to rein in its American executives over political campaigning against regulation. The Sydney Morning Herald

Consumers, aided by federal government tax cuts and strong employment growth, have continued to open their wallets and splurge at the shops, dismissing the August interest rate rise and turmoil in financial markets. The Age

The shareholders of Coles may not be selling out as cheaply as thought to Wesfarmers, according to several analysts who argue an independent valuation of the ailing empire commissioned by its board ay be overly optimistic. The West

 

THE WEST AUSTRALIAN
Page 1: The WA Labor government has agreed to offer first-year teachers a base pay rate of just over $50,000 a year in an attempt to solve the state's chronic teacher shortage.

Four of WA's biggest unions have launched a campaign to have unionists elected to councils in which Alcoa has industrial sites to pressure the miner into behaving like a good corporate citizen.

Page 4: Perth motorists would pay a traffic congestion charge and the city's water would be delivered by a private company under a series of proposals by the Business Council of Australia.

World: Europe feared an energy shortage after Russia threatened to cut gas supplies to Ukraine just days after an election that could lead to the formation of a pro-West government in Kiev.

The State Government failed in its bid to deliver 20,000 lots of residential last financial year, falling short of the target by 25 per cent as WA grappled with a housisi affordability crisis.

Business: Chinese steel tycoon Liguo Ding's $216.7 million funding deal for Cape Lambert is on the brink of collapse as Mr Ding is struggling to meet the deadline for a $US57.5 million first down payment.

The shareholders of Coles may not be selling out as cheaply as thought to Wesfarmers, according to several analysts who argue an independent valuation of the ailing empire commissioned by its board ay be overly optimistic.

McWilliam's Wines and Peter Fogarty's Pendulum Capital have confirmed they will be launching a fresh joint-bid for failed winemaker Evans & Tate.


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