Fortescue blasts sceptics; BHP can afford a lot more, says Rio; Economic shockwave hits China; Compass scoops up Perth's "best" hotel, the Greenwood; Tricom staggers under weight of margin calls
Fortescue blasts sceptics
Fortescue Metals Group executive director Graeme Rowley has taken a swipe at the iron ore aspirant's critics, saying "there's nothing wrong" with his miner's $2.7 billion Pilbara project but refusing to confirm the rail operations would be fully operational by its much hyped May deadline. The West
BHP can afford a lot more, says Rio
Takeover target Rio Tinto has challenged predator BHP Billiton to significantly increase its offer, based on an internal nalaysis suggesting BHP could afford to hike its share proposal to as much as 5 for 1, given the benefits of creating a mining "super major".
Economic shockwave hits China
Chinese authorities warn of a "most difficult" year ahead, as a the country's powerhouse economy shows signs of faltering. The Australian
Compass scoops up Perth's "best" hotel, the Greenwood
The Greenwood Hotel, a member of the Australian Hotels Association's hall of fame and the winner of a barrel load of food and beverage awards, has been sold to the recently floated Compass Hotel Group for an undisclosed amount. The West
Tricom staggers under weight of margin calls
The solvency of broking house Tricom is in question after it was unable to cover the cost of yesterday's trades, halting settlement on the Australian Securities Exchange for more than four hours. The West
THE WEST AUSTRALIAN
Business: Fortescue Metals Group executive director Graeme Rowley has taken a swipe at the iron ore aspirant's critics, saying "there's nothing wrong" with his miner's $2.7 billion Pilbara project but refusing to confirm the rail operations would be fully operational by its much hyped May deadline.
The Greenwood Hotel, a member of the Australian Hotels Association's hall of fame and the winner of a barrel load of food and beverage awards, has been sold to the recently floated Compass Hotel Group for an undisclosed amount.
The solvency of broking house Tricom is in question after it was unable to cover the cost of yesterday's trades, halting settlement on the Australian Securities Exchange for more than four hours.
Perth's mining sector was abuzz with takeover speculation yesterday after a mystery stalker built an 8 per cent stake in Herald Resources, in a potential ateempt to scupper Bumi Resources' $455 million tilt, while speculation was mounting that one of Mount Gibson Iron's major shareholders was looking to offload its stake.
