24/12/2008 - 06:45

Today's Business Headlines

24/12/2008 - 06:45


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Pressure grows on banks over rates; Hogan stockbroker shuts the door; Pan pharma class action seeks $120m compo; Banks fees yield extra $2bn; Aussie hedge fund freezes payouts

Pressure grows on banks over rates

Questions have emerged about the banks' refusal to pass on all the interest rates custs made by the RBA, with figures showing their borrowing costs have fallen to levels not seen since well before the global financial turmoil. The West

Hogan stockbroker shuts the door

Veteran Perth broker Terry Hogan has closed his firm Hogan & Partners after the departure of a dealer who was expected to buy into the company. The West

Pan pharma class action seeks $120m compo

The Rudd Government faces a possible compensation payout after 165 shareholders, creditors and customers of collapsed Pan Pharamceuticals launched a class action. The Aust

Banks fees yield extra $2bn

Big banks this year slugged customers an extra $2 billion in fees and charges, jumping to $22.6 billion from $20.48 billion. The Aust

Aussie hedge fund freezes payouts

Listed hedge fund HFA Holdings has emerged as the latest financial victim, freezing redemptions from three funds due to a lack of liquidity. The Aust



Page 1: Questions emerge about the banks' refusal to pass on all the interest rates custs made by the RBA.

Page 4: CCC is not accountable according to Cockburn mayor Stephen Lee.

Page 5: GM canola trial on 20 sites next year.

Page 7: Bosses fear building site chaos under new federal IR laws; Barnett backs down over Kimberley LNG hub location; Regulators face heat in state and federal Varanus probe.

Page 10: Magellan faces $10m bill to clean up lead from Esperance; Fears for 25m jobs in global financial crisis.

Page 11: Growers lose millions as severe storms lash SW; TGA sued over Pan pharma recall.

Page 16: BHP offers Pilbara employees fly-in-fly-out option.

Business: No lifeline, so Hogan brokerage shuts the door; AGL poised to pounce on Sydney Gas; Twitter the latest networking sensation; Windimurra seeks $81m to complete mine project; Woodside delays naming Browse Bason LNG site until June; CBH calls statement by Perilya 'misleading'; Super funds to merge after CGT changes; HFA dives after freezing $1bn in funds; second ship berthing bolsters FMG.





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