09/07/2008 - 06:33

Today's Business Headlines

09/07/2008 - 06:33

Bookmark

Save articles for future reference.

Rocketing costs kill luxury CBD tower; Property dive feeds bourse to bears; Mystery buyer nabs 6pc of Cape Lambert; Unlisted property funds in ASIC sights; Wage rise stokes inflation fear

Today's Business Headlines

Rocketing costs kill luxury CBD tower
Property developer Luke Saraceni has torn up plans for a luxury residential skyscraper in the CBD because of rocketing construction costs and will instead build a $150 million 25-level premium office tower, leaving dozens of off-the-plan buyers to claim their six-figure deposits and seek alternative inner-city living space. The West

Property dive feeds bourse to bears
A plunging property sector and a slump in business confidence levels sent the Australian share market to its lowest level in almost two years yesterday. The Australian

Mystery buyer nabs 6pc of Cape Lambert
Cape Lambert Iron Ore is being stalked by a mystery investor, three weeks out from a crucial meeting at which shareholders will be asked to ratify the $400 million sale of the miner's main asset. The West

Unlisted property funds in ASIC sights
ASIC will target the unlisted mortgage and property scheme sector with new guidelines forcing greater disclosure. The Fin Review

Wage rise stokes inflation fear
Employers fear a much higher than expected 4.1 per cent increase in the minimum wage granted yesterday poses a serious risk by fuelling inflationary pressures across the economy. The Australian


THE WEST AUSTRALIAN

The Federal Government stands to reap a multi-billion-dollar windfall from its proposed emissions trading scheme, with the price rises that result from the system providing a higher base on which to add the 10 per cent goods and services tax.

Business: Property developer Luke Saraceni has torn up plans for a luxury residential skyscraper in the CBD because of rocketing construction costs and will instead build a $150 million 25-level premium office tower, leaving dozens of off-the-plan buyers to claim their six-figure deposits and seek alternative inner-city living space.

Cape Lambert Iron Ore is being stalked by a mystery investor, three weeks out from a crucial meeting at which shareholders will be asked to ratify the $400 million sale of the miner's main asset.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options