25/01/2008 - 06:41

Today's Business Headlines

25/01/2008 - 06:41

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$8bn fraud on French bank; ERG waive options in Sydney debacle; Newcrest warns of costs blowouts at Telfer mine; Sinosteel ups ante with 10 % of Midwest; Centro new boss rules out assets fire sale

$8bn fraud on French bank
One of Europe's biggest banks, Societe Generale has revealed one of its traders in Paris committed a 5 billion Euro ($8bn) fraud, likely to be the finance world biggest ever. The West

ERG waive options in Sydney debacle
Besieged ticketing group ERG returned fire at the NSW Government yesterday amid fears its sacking from a controversial $400 million Sydney contract could cripple the company. The West

Newcrest warns of costs blowouts at telfer mine
A record gold price has failed to lift the gloom overhanging Newcrest Mining Telfer assets with Australia's biggest gold producer yesterday warning of soaring costs as well as reduced production form its flagship mine in the east Pilbara. The West

Sinosteel ups ante with 10 % of Midwest
Sinosteel Corp has stepped up the ante in its battle with its rival Murchison Metals by building a 10 per cent potential blocking stake in takeover target Midwest Corp. The West

Centro new boss rules out assets fire sale
The new boss of Centro Properties, Glenn Rufrano, has ruled out any fire sale of assets before meeting the troubled company's banks to persuade them to extend the February 15 repayment deadline on its $3.9 billion debt. The Sydney Morning Herald

 

THE WEST AUSTRALIAN
Business: One of Europe's biggest banks, Societe Generale has revealed one of its traders in Paris committed a 5 billion Euro ($8.4bn) fraud, likely to be the finance world biggest ever.


Besieged ticketing group ERG returned fire at the NSW Government yesterday amid fears its sacking from a controversial $400 million Sydney contract could cripple the company.


A record gold price has failed to lift the gloom overhanging Newcrest Mining Telfer assets with Australia's biggest gold producer yesterday warning of soaring costs as well as reduced production form its flagship mine in the east Pilbara.


Sinosteel Corp has stepped up the ante in its battle with its rival Murchison Metals by building a 10 per cent potential blocking stake in takeover target Midwest Corp.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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