16/01/2008 - 06:30

Today's Business Headlines

16/01/2008 - 06:30

Bookmark

Save articles for future reference.

Centro Property debts may blow out; Steely determination: Rio vows to export iron ore from India; Labor warns energy exporters to put Australia first; Coles retains hopes of pharmacies in stores; Qantas buffeted as downgrade, $62m fine bite

Today's Business Headlines

Centro Property debts may blow out
Centro Property yesterday failed to reassure investors on its ability to avoid defaulting on its massive loans despite cutting loose chief executive Andrew Scott. The West

Steely determination: Rio vows to export iron ore from India
Rio Tinto yesterday talked up the prospect of doing what its rival BHP Billiton has failed to do - develop a new iron ore export business out of India. The Australian

Labor warns energy exporters to put Australia first
Resources Minister Martin Ferguson has warned global oil and gas giants not to neglect the domestic market in their quest for contracts.The Fin Review

Coles retains hopes of pharmacies in stores
Wesfarmers-owned Coles still hopes it can break into Australia's $9 billion pharmacy market despite a ban denying it entry for at least another two years. The West

Qantas buffeted as downgrade, $62m fine bite
Qantas' nightmare start to 2008 shows no sign of ending, with its shares tumbling to their lowest level since Airline Partners Australia launched its $5.45 a share takeover bid in December 2006. The West

 

THE WEST AUSTRALIAN
BHP Billiton's ground-breaking pay deal with five unions has collapsed after workers rejected a contract which would have broken the mining giant's eight-year ban on union agreements.

BHP Billiton's $170 million battle to swallow arch-rival Rio Tinto will move from Central London to the WA outback today when Rio embarks on a charm offensive aimed at winning over Britain's influential press.

Business: Centro Property yesterday failed to reassure investors on its ability to avoid defaulting on its massive loans despite cutting loose chief executive Andrew Scott.

Nomad Building Solutions has moved to protect itself against any downturn in the resource sector by buying premier WA resort and remote housing construction group Rapley Wilkinson for $40 million.

Wesfarmers-owned Coles still hopes it can break into Australia's $9 billion pharmacy market despite a ban denying it entry for at least another two years.

Qantas' nightmare start to 2008 shows no sign of ending, with its shares tumbling to their lowest level since Airline Partners Australia launched its $5.45 a share takeover bid in December 2006.

One of ABB Grain's biggest shareholders, Ron Brierley's Guinness Peat Group, is understood to have quit its stake of just over 6 per cent nearly five years after it emerged with a substantial holding in Australia's biggest barley marketer.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options