03/06/2008 - 06:32

Today's Business Headlines

03/06/2008 - 06:32

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Shell shoots $776m at Arrow's coal gas; Swan boosts banking safeguards; Metcash's chief takes aim at pricing; MacTiernan assures on Oakajee port; Centro secures breathing space

Today's Business Headlines

Shell shoots $776m at Arrow's coal gas
Energy giant Royal Dutch Shell has joined the investment plunge on Australia's coal seam gasfield by signing a company-making, $776 million alliance with Arrow Energy as global competition for energy hots up. The West

Swan boosts banking safeguards
Australians affected by the collapse of a bank or insurance company will soon be legally entitled to quick recovery of some of their savings under controversial consumer protection laws being introduced by the federal government. The Fin Review

Metcash's chief takes aim at pricing
The chief executive of Metcash has conceded there is virtually no price competition on everyday items. TheFin Review

MacTiernan assures on Oakajee port
WA Planning and Infrastructure Minister Alannah MacTiernan has told China's infrastructure industry it will not be able to exert undue influence over Oakajee if Yilgarn Infrastructure is chosen to develop the $1.5 billion iron ore export port. The West

Centro secures breathing space
Beleaguered Centro Properties has won another seven-month lifeline, until December 15, to repay its mountain of debt without undertaking a fire-sale campaign to sell assets. The West

 

THE WEST AUSTRALIAN

Kevin Rudd's much-vaunted grocery index will not tell shoppers the price of individual items, instead revealing only the total cost of a basket of goods in any particular supermarket.

Business: Energy giant Royal Dutch Shell has joined the investment plunge on Australia's coal seam gasfield by signing a company-making, $776 million alliance with Arrow Energy as global competition for energy hots up.

WA Planning and Infrastructure Minister Alannah MacTiernan has told China's infrastructure industry it will not be able to exert undue influence over Oakajee if Yilgarn Infrastructure is chosen to develop the $1.5 billion iron ore export port.

Queensland burgeoning coal seam methane industry may have bypassed WA but at least one Perth company - LNG Ltd - is eyeing big profits from a sector that is vying with iron ore for the title of Australia's hottest.

Managed rural investments have taken a hit this year as a volatile stockmarket and uncertainty over tax rulings for the sector dampen investor confidence, but Moora growers Sue Middleton nd Michael Brennan refuse to give up on the sector's prospects.

Beleaguered Centro Properties has won another seven-month lifeline, until December 15, to repay its mountain of debt without undertaking a fire-sale campaign to sell assets.



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