Today's Business Headlines

11/08/2008 - 06:42

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Steel price squeeze hits economy; Sub-prime spotlight to fall on CBA result; RBA to prune growth outlook; Time has come for WA to process its resources: Barnett; Rio eyes coal IPO as it ramps up asset sell-off

Today's Business Headlines

Steel price squeeze hits economy
The soaring global price of steel and a national supply shortage is threatening budget blow-outs for Australian projects. The Fin Review

Sub-prime spotlight to fall on CBA result
Commonwealth Bank chief Ralph Norris will be feeling the pressure this week, as a jittery market holds its breath ahead of the bank's full-year results announcement on Wednesday.The West

RBA to prune growth outlook
The Reserve Bank will dim its outlook for the Australian economy today when it reduces growth targets in an admission that the current slowdown could be occurring too rapidly. The Australian

Time has come for WA to process its resources: Barnett
A Liberal government would establish WA as a mining and processing hub under a new plan to commission two world-class industrial sites and expand the State's natural gas supplies, Opposition Leader Colin Barnett promised yesterday. The West

Rio eyes coal IPO as it ramps up asset sell-off
Rio Tinto has moved to give its slowmoving asset sales program fresh momentum by creating the option to spin off its US coal business in an initial public offering. The West

 

THE WEST AUSTRALIAN


A Liberal government would establish WA as a mining and processing hub under a new plan to commission two world-class industrial sites and expand the State's natural gas supplies, Opposition Leader Colin Barnett promised yesterday.

Business: Commonwealth Bank chief Ralph Norris will be feeling the pressure this week, as a jittery market holds its breath ahead of the bank's full-year results announcement on Wednesday.

US wine giant Constellation Brands may face an uphill battle to offload its Goundrey assets in an industry fighting mounting cost pressures, commentators have warned.

Rio Tinto has moved to give its slowmoving asset sales program fresh momentum by creating the option to spin off its US coal business in an initial public offering.



THE AUSTRALIAN

Page 1: The Northern Territory election result is a serious warning for Labor, Kevin Rudd says. CASA will restrict the number of passenger jets flying through uncontrolled airspace, contradicting the government's claims the practice is safe.

 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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