Today's Business Headlines

Burrup float faces delay over gas shortage
Indian billionaire Pankaj Oswal may be forced to delay the $2.5 billion float of his Burrup Holdings fertiliser operation for a second time amid severe gas shortages caused by Apache Corp's Varanus Island explosion. The West

Smiles for Walker as Metex takes off
Mining veteran and Metex Resources managing director Ian Walker has had a good month by any standards after a landmark deal with Incitec Pivot and a $20 million capital raising to fund its Queensland underground coal gasification trial. The West

Fortescue seals China link with new board
Andrew Forrest's Fortescue Metals Group has become the first major Australian company to establish a China Advisory Board - with internationally famous trade negociator Long Yongtu as its chairman. The Australian

Investors warned of oil spike dangers
As the global price of oil continues to rise sharply, investors have been warned against getting caught up in the hype over its recent record-breaking run. The Australian

Macquarie's investment fund loses $750m
Macquarie Group's Australian listed investments fund lost about $750 million last financial year in a move that looks set to continue with the giant now holding $2.4 billion in listed funds. The Sydney Morning Herald

THE WEST AUSTRALIAN

The nerves of Australian investors will be tested tomorrow, with the financial markets bracing for a shellacking on the back of a fresh rout on Wall Street.

Indian billionaire Pankaj Oswal may be forced to delay the $2.5 billion float of his Burrup Holdings fertiliser operation for a second time amid severe gas shortages caused by Apache Corp's Varanus Island explosion.

Mining veteran and Metex Resources managing director Ian Walker has had a good month by any standards after a landmark deal with Incitec Pivot and a $20 million capital raising to fund its Queensland underground coal gasification trial.