Today's Business Headlines

15/04/2008 - 06:48

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WA home price 'to fall 20%'; Yilgarn wants port guarantee; Stokes' Seven to press on with appeal in C7 case; Vulcan warms to $184m Finnish copper project; Opes fallout: ANZ chief heads share-lending review

Today's Business Headlines

WA home price 'to fall 20%'
House prices in some Perth suburbs could fall 20 per cent before Christmas, exposing thousands of people to the disastrous prospect of owing more than their home are worth and increasing the risk of bankruptcy if they are forced to sell, a leading property forecaster warned. The West

Yilgarn wants port guarantee
Yilgarn Infrastructure is poised to refuse Midwest Corp's demand for it to hand millions of dollars worth of Oakajee port tender documents without any assurance it will be appointed to develop the key $1.5 billion infrastructure. The West

Stokes' Seven to press on with appeal in C7 case
Kerry Stokes' Seven Network is pressing ahead with an appeal over Australia's most costly court case, despite reported comments by the billionaire that the litigation has been "a mistake". The West

Vulcan warms to $184m Finnish copper project
Vulcan Resources managing director Alistair Cowden's dream to develop a copper project in north-eastern Finland yesterday took a significant step forward when his board approved the $184 million mine development. The West

Opes fallout: ANZ chief heads share-lending review
ANZ boss Mike Smith will lead a review of the bank's role in the Opes Prime stockbroking affair. The Fin Review

 

THE WEST AUSTRALIAN
Page 3: House prices in some Perth suburbs could fall 20 per cent before Christmas, exposing thousands of people to the disastrous prospect of owing more than their home are worth and increasing the risk of bankruptcy if they are forced to sell, a leading property forecaster warned.

Page 4: Kerry Stokes' Seven Network is pressing ahead with an appeal over Australia's most costly court case, despite reported comments by the billionaire that the litigation has been "a mistake".

Page 6: A crisis meeting last night between rebel MP John D'Orazio and Labor Party State secretary Bill Johnston failed to resolve the deadlock over the Ballajura MLA's membership, pushing the dispute another step closer to the Supreme Court as Friday's deadline looms for nominations for preselection in the seat of Morley.

Business: Two top officials at uranium miner Paladin Energy will go to the Federal Court tomorrow in a bid to stop Merrill Lynch selling more than $60 million worth of shares believed to have been seized in the collapse of Sydney shares financier Lift Capital.

Yilgarn Infrastructure is poised to refuse Midwest Corp's demand for it to hand millions of dollars worth of Oakajee port tender documents without any assurance it will be appointed to develop the key $1.5 billion infrastructure.

Vulcan Resources managing director Alistair Cowden's dream to develop a copper project in north-eastern Finland yesterday took a significant step forward when his board approved the $184 million mine development.

 



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