29/01/2008 - 06:32

Today's Business Headlines

29/01/2008 - 06:32

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IMF head fuels fears of share turmoil; ERG seeks financiers' aid; Coal and iron soar as disruptions highlight fragile market; Ailing MFS calls in the survival experts; Premier tackles 'poison' of Burke

IMF head fuels fears of share turmoil
The credit crunch was so severe that further interest rates cuts in the US and Europe would not be enough to prevent the world economy succumbing to the fallout, the heads of International Monetary Fund warned yesterday as investors braced for another week of wild swings on the sharemarket. The West

ERG seeks financiers' aid
ERG executives are in talks with financiers in a bid to replenish the ticketing group's coffers amid attempts to limit damage from the loss of its $400 million Sydney contract. The West

Coal and iron soar as disruptions highlight fragile market
Prices for Australia's bulk mineral exports, coal and iron ore, are soaring due to supply disruptions caused by factors including floods in Queensland. The Australian

Ailing MFS calls in the survival experts
Liquidator KordaMentha will advise financial services and tourism group MFS on how to best dispose of assets following the group's collapse earlier this month. The Fin Review

Premier tackles 'poison' of Burke
West Australian Premier Alan Carpenter says he will stand by his health minister who has been linked to disgraced former premier Brian Burke. The Australian

 

THE WEST AUSTRALIAN
Page 1: The credit crunch was so severe that further interest rates cuts in the US and Europe would not be enough to prevent the world economy succumbing to the fallout, the heads of International Monetary Fund warned yesterday as investors braced for another week of wild swings on the sharemarket.

Business: ERG executives are in talks with financiers in a bid to replenish the ticketing group's coffers amid attempts to limit damage from the loss of its $400 million Sydney contract.

Perth property experts are tipping a new wave of overseas interests in the city's hotels after the sale of The Chifley on the Terrace to a Singapore group for $28.5 million.

Australian sub-prime casualty Centro opens its books today to potential buyers in a bid to raise money and mollify lenders owed nearly $4 billion.

The corporate world's equivalent of emergency room doctors and undertakers are looking forward to a busier year in 2008 thanks to the troubled sharemarket.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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