Today's Business Headlines

Babcock on knees to banks
Babcock & Brown will seek a reprieve from its bankers over the review of a $2.8 billion debt facility, which was triggered last week by the catastrophic collapse in the investment group's share price. The West

Kiernan flags sale after mine mothballed
Michael Kiernan ambitious plan to build a 500,000 ounce-a-year WA gold producer was in tatters last night after his Monarch Gold Mining suspended operations at the key Davyhurst open pit mine north of Kalgoorlie. The West

Poker ace seeks Centro's trump card
Businessman Julius Colman has made a series of approaches to buy part of the services business of embattled Centro Properties. The Australian

Deal sunk by Opes collapse, says suitor
Singapore businessman Anthony Soh is suing Oped Prime after the collapse of the stockbroking firm scuppered his takeover of microchip manufacturer Jade Technologies. The West

ATO plan could curb deductions
The amount of interest that corporate groups can claim as a tax deduction might be slashed under a long-awaited ruling from the tax office. The Fin Review

THE WEST AUSTRALIAN

Unions will call on the State Government to fund a relief package for workers amid predictions tat layoffs will increase over the next fortnight as businesses feel the brunt of tah Apache Energy gas disaster.

Business: Babcock & Brown will seek a reprieve from its bankers over the review of a $2.8 billion debt facility, which was triggered last week by the catastrophic collapse in the investment group's share price.

Michael Kiernan ambitious plan to build a 500,000 ounce-a-year WA gold producer was in tatters last night after his Monarch Gold Mining suspended operations at the key Davyhurst open pit mine north of Kalgoorlie.

Singapore businessman Anthony Soh is suing Oped Prime after the collapse of the stockbroking firm scuppered his takeover of microchip manufacturer Jade Technologies.