Today's Business Headlines

19/05/2008 - 06:14

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Burrup reduces float target after trimming gas sale; Closure fears for WA grain rail network; Directors' personal liability to be eased; Investec hunts credit victims; Commodities gains tipped to lift index

Today's Business Headlines


Burrup reduces float target after trimming gas sale
The planned float of West Australian fertiliser group Burrup will be laucnhed today, but has been scaled back to between $375 million and $500 million after the company decided not to onsell excess gas from a long-term contract. The Australian

Closure fears for WA grain rail network
WA's 2300km grain rail network could face closure under the new deregulated wheat marketing regime if australia'scompetition watchdog rejects a proposed logistics system runby WA's biggest grain trading and handling co-operative, CBH, according to rail companies Westnet Rail and Australian Railroad Group (ARG). The West

Directors' personal liability to be eased
The Rudd Government wants to relax the personal liability imposed on company directors under scores of federal and state laws as part os its push for more efficient national markets. The Australian

Investec hunts credit victims
The Australian arm of South African investment bank Investec Group is on the prowl for opportunities thrown up by the credit crunch after it posted a solid annual profit untainted by US sub-prime mortgage nasties. The West

Commodities gains tipped to lift index
The Australian stockmarket is likely to open higher today following gains in commodity prices, including gold, industrial metals and oil, on Friday. The West

 

THE WEST AUSTRALIAN

Business: WA's 2300km grain rail network could face closure under the new deregulated wheat marketing regime if australia'scompetition watchdog rejects a proposed logistics system runby WA's biggest grain trading and handling co-operativ, CBH, according to rail companies Westnet Rail and Australian Railroad Group (ARG).

The Australian arm of South African investment bank Investec Group is on the prowl for opportunities thrown up by the credit crunch after it posted a solid annual profit untainted by US sub-prime mortgage nasties.

India has sent come fo its leading media commentators to the Pilbara for a first-hand look at WA's booming iron ore industry.

The Australian stockmarket is likely to open higher today following gains in commodity prices, including gold, industrial metals and oil, on Friday.

 

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