15/01/2008 - 06:29

Today's Business Headlines

15/01/2008 - 06:29

Bookmark

Upgrade your subscription to use this feature.

Farm budget bonus firms hope of bumper grain crop; Shakeout turns MFS into a target; Credit crunch cuts super returns; Debt funding boosts Windimurra; Iron ore prices ready to roar

Farm budget bonus firms hope of bumper grain crop
The prospect of WA farmers planting a record grain crop this year are firming as budgets now being prepared for the new season point to some potentially super profits on the back of record busting grain prices. The West

Shakeout turns MFS into a target
MFS and City Pacific have gone public with a merger proposal after months of exploring ways to do a croporate tie-up. The Australian

Credit crunch cuts super returns
Superannuation funds delivered returns of about 8.6 per cent last year, their lowest since 2003. The Fin Review

Debt funding boosts Windimurra
Windimurra Vanadium has defied bearish conditions on global credit markets to raise $142.2 million of debt, pushing the company a majors step closer to reviving the controversial Windimurra mine in WA's Mid-West. The West

Iron ore prices ready to roar
Expectations of higher benchmark iron ore prices are rising with the rumour that Brazilian mining giant Vale has pitched a massive 70 per cent price increase at Chinese negotiators. The Australian


THE WEST AUSTRALIAN
Page 3: There is fresh pressure on the Reserve Bank to raise interest rates next month after figures released yesterday showed inflation soaring past the bank's target range and the job market growing at its strongest pace for almost nine months.

The security of Australia's oil-supply routes will be investigated as part of a far-reaching examination of the nation's energy needs commissioned by the Rudd Government.

Business: The prospect of WA farmers planting a record grain crop this year are firming as budgets now being prepared for the new season point to some potentially super profits on the back of record busting grain prices.

Windimurra Vanadium has defied bearish conditions on global credit markets to raise $142.2 million of debt, pushing the company a majors step closer to reviving the controversial Windimurra mine in WA's Mid-West.

Midwest Corp's future remains shrouded in uncertainty with Chinese giant Sinosteel still refusing to sign agreements needed to kick-start its $1.2 billion takeover proposal, more than a month after it launched its tilt.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options