27/05/2008 - 06:39

Today's Business Headlines

27/05/2008 - 06:39

Bookmark

Save articles for future reference.

IAG chief sees writing on wall; RBA wants ' borrowed' trades declared; Grocery supply method hampers fair fight; Midwest merger puts Sinosteel on back foot; Great Southern eyes tree focus


IAG chief sees writing on wall
IAG chief Michael Hawker quit yesterday, taking the blame for the struggling insurer's lacklustre performance and a decision to reject an $8.7 billion offer from QBE last week without consulting investors. The West

RBA wants ' borrowed' trades declared
The Reserve Bank wants to label all trades involving "borrowed" shares as such, as a means of improving the operation of the stock market. The Australian

Grocery supply method hampers fair fight
The ACCC has sent a strong message to Metcash, warning the monopoly it holds on the supply of groceries to independent supermarkets is viewed as an impediment to price competition. The Fin Review

Midwest merger puts Sinosteel on back foot
Sinosteel Corp was last night trying to deal itself back into the takeover battle for Midwest Corp after its $1.4 billion cash bid was blown out of the water by Mrchison Metals' surprise scrip merger deal. The West

Great Southern eyes tree focus
Agriculture investment group Great Southern will look at new ways to generate revenue within the forestry sector, including a possible move into carbon credits, in the wake of the Federal Government's move to scrap tax breaks on non-forestry managed investment schemes. The West

 

THE WEST AUSTRALIAN

WA Liberals will spearhead a push for the Opposition to block the $2.5 billion tax grab on light crude from the North-West Shelf amid warnings it could increase the price of gas to households and businesses.

Business: Sinosteel Corp was last night trying to deal itself back into the takeover battle for Midwest Corp after its $1.4 billion cash bid was blown out of the water by Mrchison Metals' surprise scrip merger deal.

IAG chief Michael Hawker quit yesterday, taking the blame for the struggling insurer's lacklustre performance and a decision to reject an $8.7 billion offer from QBE last week without consulting investors.

Agriculture investment group Great Southern will look at new ways to generate revenue within the forestry sector, including a possible move into carbon credits, in the wake of the Federal Government's move to scrap tax breaks on non-forestry managed investment schemes.


 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options