19/11/2007 - 06:35

Today's Business Headlines

19/11/2007 - 06:35

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BHP threatens tougher tactics; Ausdrill pitches for a slice of WA action; Call to jail share rigging pair; Arc directors given cautious backing; Rudd flags fast paced reform push.

BHP threatens tougher tactics
BHP chief Marius Kloppers says he would have no hesitation appealing directly to Rio Tinto shareholders in the company's efforts to take over the miner. The Australian

Ausdrill pitches for a slice of WA action
Fresh from a successful $95 million capital raising venture, Ron Sayers' global drilling outfit, Ausdrill, has confirmed it will launch a contract mining business in WA and expects to take delivery of its new $20 million mining fleet next month. The West

Call to jail share rigging pair
A Federal prosecutor trying to have two businessmen jailed over illegal share trading has claimed that imposing fines for market rigging offences could be seen as a license to commit this type of crime. The West

Arc directors given cautious backing
Arc Energy shareholders have given their board a cautious vote of confidence ahead of a crucial showdown with dissident stakeholder Clive Palmer, although the eccentric iron ore millionaire is likely to be buoyed by signs he is not the only one unhappy with the Perth oil and gas company. The West

Rudd flags fast paced reform push
Labor leader Kevin Rudd will push through reforms in health, business, climate change and education if he wins government on Saturday. The Fin Review

 

THE WEST AUSTRALIAN
Page 1: John Howard will embark today on his final thrust for re-election with an all-out bid to paint Kevin Rudd and the Labor alternative as a threat to the economy, WA's mining boom and continuing prosperity.

The State Government looks set to force the Cottesloe council to publicly release its new town-planning scheme before agreement ahs been reached on building height limits for the popular beachfront.

Business: A Federal prosecutor trying to have two businessmen jailed over illegal share trading has claimed that imposing fines for market rigging offences could be seen as a license to commit this type of crime.

Fresh from a successful $95 million capital raising venture, Ron Sayers' global drilling outfit, Ausdrill, has confirmed it will launch a contract mining business in WA and expects to take delivery of its new $20 million mining fleet next month.

BHP Billiton chief executive Marius Kloppers believes that most of Rio Tinto's and BHP Billiton's shareholders will back his plans to combine the two mining companies.

Arc Energy shareholders have given their board a cautious vote of confidence ahead of a crucial showdown with dissident stakeholder Clive Palmer, although the eccentric iron ore millionaire is likely to be buoyed by signs he is not the only one unhappy with the Perth oil and gas company.



THE AUSTRALIAN FINANCIAL REVIEW

Page 1: Labor leader Kevin Rudd will push through reforms in health, business, climate change and education if he wins government on Saturday. Prime Minister John Howard has promised no worker would be worse off when awards are rationalised in coming years.

Page 3: The equine influenza-ravaged horse industry has stopped the tax office from limiting deductions for vet fees, float expenses and other costs in the Administrative Appeals Tribunal.

World: The Bush administration has reiterated its belief that technology, and not carbon targets, are the best option to combat climate change. (Washington)

Market: The US Federal Reserve has given hints that an interest rate cut is unlikely in the short-term, bucking many forecasts.



THE AUSTRALIAN

Page 1: A new UN climate change report which claims global warming is caused by humans is a "call to arms", Labor leader Kevin Rudd said.

Business: BHP chief Marius Kloppers says he would have no hesitation appealing directly to Rio Tinto shareholders in the company's efforts to take over the miner.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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