19/12/2008 - 06:39

Today's Business Headlines

19/12/2008 - 06:39


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Exporters taxed to boost borders; Qantas ditches BA merger; Bang goes the west's boom; Jilted shipowners sue FMG; Fahour is pushed aside as Clyne takes reins at NAB

Tax slug to boost borders

Exporters and air travellers face tax increases to fund a $260m-a-year funding boost for our thinly stretched quarantine services. The Aust

Qantas ditches BA merger

Qantas has abruptly ended its brief flirtation with British Airways, after the airlines failed to reach agreement on "key terms" needed to create the world's first transcontinental airline. SMH

Bang goes the west's boom

Western Australia's once-in-a-century boom is officially over, with new Treasury figures predicting the state will slide into deficit by 2011 and faces a near tripling of state debt to $16.7billion in the same period. The Aust

Jilted shipowners sue FMG

Fortescue Metals Group is facing damages claims worth about $US135 million ($193 million) from shipowners angry at the sudden decision by Andrew Forrest's Pilbara iron ore miner to cancel long-term iron ore vessel charter contracts. The West

Fahour is pushed aside as Clyne takes reins at NAB

Incoming NAB CEO Cameron Clyne has moved early to stamp his authority on the bank by personally taking charge of its Australian banking operations, sidelining Ahmed Fahour. The West



Page 1: State's finances hit hard by crisis; Business pushes for a January rate cut.

Page 4: Qantas-BA merger plan fails to fly

Page 6: Barnett's Synergy-Verve merger plan rejected by ERA; Broome council votes no to gas hub, wants options explored.

Page 14: Revamp for quarantine services; Busselton Shire braces for costly Smiths Beach fight

Page 16: Cash crisis stalls merger of Perth theatre companies

Business: Jilted shipowners sue FMG; Fahour is pushed aside as Clyne takes reins at NAB; industry fears job cuts as State halts capital works over $20m; CBA names Jon Sutton as new bankWest chief; Rio denies Argyle axe despite VDM contract cut; Investors fail to deliver for Costarella; CBA shares hit 5-year low.



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