11/10/2007 - 07:28

Today's 7.30am headlines

11/10/2007 - 07:28

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Murchison opens $938m bid for Midwest; World economy to be tested by the recent credit squeeze; QLD launches $654m rail funding; construction market plummets in August; Gorgon project granted environmental approval.

Today's 7.30am headlines

Murchison Metals has taken a big step towards ensuring WA's iron-rich Mid-West region is opened up to development with a hostile $938 million scrip bid for rival Midwest Corp. The West

The world's expanding economy will be tested by the recent global credit squeeze caused by the meltdown of risky US mortgage loans, the International Monetary Fund says. The Financial Review

Rail infrastructure problems crippling Australia's coal export industry are set to be eased with the Queensland government's announcement of $654 million funding. The Australian

A lack of affordable housing, coupled with higher interest rates, caused first-home buyer loans and finance for investor-led construction to plummet in August. The Age

The federal government has granted environmental approval for the Gorgon gas project, a joint venture of Chevron, ExxonMobil and Shell, off the Western Australian coast. Canberra Times

 

THE WEST AUSTRALIAN
Page 1: The three public officers adversely named by the Corruption and Crime Commission over their dealings with Brian Burke may escape penalties if they can satisfy yet another investigation that they did nothing wrong.

Labor leader Kevin Rudd will not hold a referendum on his plan for fixed four-year parliamentary terms until he has been prime minister for a full three years.

Page 4: WA Liberal backbencher Wilson Tuckey said Labor's policy to allow companies to compete for the produce of wheat growers would cost the government votes from farmers.

Business: Murchison Metals has taken a big step towards ensuring WA's iron-rich Mid-West region is opened up to development with a hostile $938 million scrip bid for rival Midwest Corp.

Hartley' has joined the list of Perth brokers reaping a bumper harvest from the sharemarket boom, with its net profit surging 35 per cent to $11.6 million last financial year.

Westralia Property Trust will emerge as a rare, listed vehicle for investment in rural property under a proposed shift in strategy which will see it dispatch the rest of its tourism holdings in Perth and the South West.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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