18/07/2008 - 06:35

Today's Business Headlines

18/07/2008 - 06:35

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CBA leads the race for BankWest; Clash looms on Cape deal; PM carbon plan $60bn threat to LNG; Ferguson serves notice on WA oil and gas retention licences; Lowy rejects claims family tried to avoid paying taxes

Today's Business Headlines

CBA leads the race for BankWest
BankWest appears headed for the auction block because of concerns surrounding its beleaguered parent company, UK-based HBOS. The Australian

Clash looms on Cape deal
The Russian billionaire owner of the Chelsea Football Club is heading for a showdown with the Chinese Government over control of Cape Lambert Iron Ore's $400 million magnetite project after seizing a 16 per cent stake in the WA-based company. The West

PM carbon plan $60bn threat to LNG
More than $60 billion in planned liquefied natural gas investments could be shelved because the Rudd government's emissions trading scheme is "backwards" and penalises exports of clean gas, says Woodside Petroleum chief Don Voelte. The Australian

Ferguson serves notice on WA oil and gas retention licences
The Federal Government has again put the oil and gas industry on notice that it can no longer sit on discoveries, with BHP Billiton's ageing Macedon gas find off Western Australia one of the undeveloped fields in its sights. The West

Lowy rejects claims family tried to avoid paying taxes
Billionaire Australian businessman Frank Lowy has rejected accusations in the US that he or members of his family have tried to avoid taxes. The West

THE WEST AUSTRALIAN

Fresh questions emerged last night about whether a key State Government department could have done more to prevent WA's gas crisis, with revelations that it failed to follow expert advice last year which recommended it urge Apache Energy to carry out a thorough inspection of the condition of its pipelines.

Business: The stockmarket might be flat but the bubbles are flowing freely elsewhere around Perth, as restaurateurs report steady lunchtime trade from corporate types despite the bears at the office.

The Russian billionaire owner of the Chelsea Football Club is heading for a showdown with the Chinese Government over control of Cape Lambert Iron Ore's $400 million magnetite project after seizing a 16 per cent stake in the WA-based company.

The Federal Government has again put the oil and gas industry on notice that it can no longer sit on discoveries, with BHP Billiton's ageing Macedon gas find off Western Australia one of the undeveloped fields in its sights.

Billionaire Australian businessman Frank Lowy has rejected accusations in the US that he or members of his family have tried to avoid taxes.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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