14/07/2008 - 06:44

Today's Business Headlines

14/07/2008 - 06:44

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Protect BHP, Rio from ETS: Carpenter; More banks tipped to lift rates; US Feds shore up Fannie, Freddie; Jittery investors turn back on emerging company floats: survey; Tatts chief airs tie-up with Tabcorp


Protect BHP, Rio from ETS: Carpenter
Alan Carpenter warned yesterday that mining giants such as BHP and Rio needed to be protected from the full brunt of an emissions trading scheme to ensure the driving forces behind the WA economy continued to invest in the State and to shield the local economy from the global economic downturn. The West

More banks tipped to lift rates
National Australia Bank and Westpac are expected to add to the pressure on homebuyers and businesses as early as tomorrow as they prepare to catch up with the latest rises in rates on standard variable home loans with increases of as much as 0.15 per cent. The West

US Feds shore up Fannie, Freddie
The US Treasury Department and the US Federal Reserve have announced sweeping measures to lend money and buy stocks if necessary in embattled mortgage lenders Fannie Mae and Freddie Mac. The Fin Review

Jittery investors turn back on emerging company floats: survey
Sharemarket woes lopped 17 per cent off equity raisings by Australian companies last financial year, with new data revealing a sharp divide between emerging companies struggling to gain a foothold in the market and their more established rivals. The West

Tatts chief airs tie-up with Tabcorp
Tatts Group chief executive Dick McIlwain says growing competition in the gaming industry has strengthened the case for a merger between his company and Tabcorp, fuelling suggestions a tie-up between the two gaming giants is on the cards. The West

THE WEST AUSTRALIAN


Alan Carpenter warned yesterday that mining giants such as BHP and Rio needed to be protected from the full brunt of an emissions trading scheme to ensure the driving forces behind the WA economy continued to invest in the State and to shield the local economy from the global economic downturn.

National Australia Bank and Westpac are expected to add to the pressure on homebuyers and businesses as early as tomorrow as they prepare to catch up with the latest rises in rates on standard variable home loans with increases of as much as 0.15 per cent.

Business: The bellwether Australian sharemarket index is tipped to fall as low as 4700 points as fresh shockwaves from the ailing US financial sector kill off any possibility of a market bounce in the near term.

Sharemarket woes lopped 17 per cent off equity raisings by Australian companies last financial year, with new data revealing a sharp divide between emerging companies struggling to gain a foothold in the market and their more established rivals

Tatts Group chief executive Dick McIlwain says growing competition in the gaming industry has strengthened the case for a merger between his company and Tabcorp, fuelling suggestions a tie-up between the two gaming giants is on the cards

 

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