18/08/2008 - 06:42

Today's Business Headlines

18/08/2008 - 06:42

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Fears grow of an end to boom; CBA could move on BankWest; Territory claim in jeopardy; BHP iron ore port expansion plans face investor scrutiny; LNG prices tipped to rise 80%


Fears grow of an end to boom
Fears are growing that the commodities boom is ending as the flight of investors from the oil market extends to gold, copper and other metals markets. The Australian

CBA could move on BankWest
Expectations are building that the Commonwealth Bank of Australia may make a $6 billionplus tilt at BankWest in the wake of its abrupt decision last week not to buy the Australian investment banking operations of ABN AMRO, which is owned by the Royal Bank of Scotland. The Australian

Territory claim in jeopardy
The administrators of Michael Kiernan's collapsed producer Monarch Gold Mining have thrown into doubt Territory Resources' hope of being treated as a secured creditor because of an administrative breach. The West

BHP iron ore port expansion plans face investor scrutiny
BHP Billiton is expected to come under scrutiny from analysts today as it outlines progress towards a huge port expansion at Port Hedland, which is critical to the mining giant's iron ore growth plans. The West

LNG prices tipped to rise 80%
Liquefied natural gas prices in Asia may climb about 80 per cent this year as new projects get delayed and countries from Indonesia to Egypt curb exports. The West

 

THE WEST AUSTRALIAN

The Federal agency investigating the Varanus Island explosion approved the terms of reference for Apache Energy's safety case for the island's gas facilities but did not tick off on the report that validated the procedures, it has been revealed.

Business: The administrators of Michael Kiernan's collapsed producer Monarch Gold Mining have thrown into doubt Territory Resources' hope of being treated as a secured creditor because of an administrative breach.

BHP Billiton is expected to come under scrutiny from analysts today as it outlines progress towards a huge port expansion at Port Hedland, which is critical to the mining giant's iron ore growth plans.

Liquefied natural gas prices in Asia may climb about 80 per cent this year as new projects get delayed and countries from Indonesia to Egypt curb exports.

 

THE AUSTRALIAN

Fears are growing that the commodities boom is ending as the flight of investors from the oil market extends to gold, copper and other metals markets.

Business: Ecpaectations are building that the Commonwealth Bank of Australia may make a $6 billionplus tilt at BankWest in the wake of its abrupt decision last week not to buy the Australian investment banking operations of ABN AMRO, which is owned by the Royal Bank of Scotland.

The Australian dollar is expected to slide further today, as analysts downgrade currency targets on concerns commodities prices have turned down and interest rates are to be lowered.

 

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