Today's Business Headlines

08/05/2008 - 06:24

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BHP lays claim to oil major standing; Fortescue rockets Forrest to $9.4bn; $US120 oil blows budget forecast; Creasy-backed Croesus poised to rise from ashes; Call to rebuild Australia with budget surpluses

Today's Business Headlines

BHP lays claim to oil major standing
BHP Billiton has laid claim to being able to mix it with the super-najors of the global oil business while also hinting that the lack of anti-trust issues in the sector gave its booming petrolrum division "virtually unlimited" multi-billion-dollar growth opportunities. The West

Fortescue rockets Forrest to $9.4bn
Andrew Forrest last night raised the benchmark for those challenging him to the crown of richest Australian to $9.4 billion after shares in his Fortescue Metals Group soared to a new record high. The West

$US120 oil blows budget forecast
The surge in world oil prices to more than $US120 a barrel threatens to make the federal Treasury's budget inflation forecast obsolete before it even goes to print. The Australian

Creasy-backed Croesus poised to rise from ashes
Croesus Mining, one of Australia's biggest gold producer until its collapse two years ago, is poised for a long-awaited return to the sharemarket as a precious metals explorer. The West

Call to rebuild Australia with budget surpluses
Industry leaders have called on the federal government to rebuild Australia's infrastructure with budget surpluses. The Fin Review

 

THE WEST AUSTRALIAN

Business: Croesus Mining, one of Australia's biggest gold producer until its collapse two years ago, is poised for a long-awaited return to the sharemarket as a precious metals explorer.

BHP Billiton has laid claim to being able to mix it with the super-najors of the global oil business while also hinting that the lack of anti-trust issues in the sector gave its booming petrolrum division "virtually unlimited" multi-billion-dollar growth opportunities.

Andrew Forrest last night raised the benchmark for those challenging him to the crown of richest Australian to $9.4 billion after shares in his Fortescue Metals Group soared to a new record high.

Spotless Group hs stepped up rpessure on Programmed Maintenance Services, attcking the unwilling target's full-year results as "disappointing"and dismissing claims investors holding 13 per cent of PMS had agreed to reject the hostile bid.






 

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