04/02/2008 - 06:52

Today's Business Headlines

04/02/2008 - 06:52

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Chinalco races to secure Rio stake; Martino brothers link up on corporate advice; $400m to come off loan book; Homebuyers wait on RBA rate decision; Jittery investors await half-year reports

Chinalco races to secure Rio stake
Xiao Yaqing has shown he means business when it comes to stopping BHP Billiton gaining control of Rio Tinto, arriving in Sydney yesterday just 36 hours after his Chinese aluminium giant Chinalco and partner Alcoa swooped on $US14 billion ($15.5 billion) worth of Rio shares. The Australian

Martino brothers link up on corporate advice
The high flying brothers, Domenic and Luke, are back together in corporate advising and deal-making after a separation brought about by the collapse five years ago of Australian-Chinese telecommunications play New Tel. The West

$400m to come off loan book
Tricom Equities needed to cuts its loan book by a further $400 million in coming weeks after settlement failure, the besieged broker said yesterday. The West

Homebuyers wait on RBA rate decision
The Reserve Bank is tipped to raise interest rates when it meets tomorrow. The Fin Review

Jittery investors await half-year reports
The half-year profit reporting season is often seen as merely the warm-up event to August's full-year act, but this year's reports can expect more intiense scrutiny from skittish investors seeking a guide on corporate Australia's health. The Australian

 

THE WEST AUSTRALIAN
Page 1: Independent MP Shelley Archer, who endured the embarrassment of her private conversations with lobbyist Brian Burke being aired publicly in the Corruption and Crime Commission, launched a stinging attack on the watchdog yesterday over its decision to question Health Minister Jim McGinty and former health boss Neale Fong privately over Dr Fong's links to Mr Burke.

Business: With less than 72 hours to go before BHP Billiton has to divulge whether it will walk away or push on with its $150 billion takeover of Rio Tinto new reports revealed that the Chinese Government has stumped up $133 billion to fund its battle for control of the rival Anglo-Australian miner.

The high flying brothers, Domenic and Luke, are back together in corporate advising and deal-making after a separation brought about by the collapse five years ago of Australian-Chinese telecommunications play New Tel.

Tricom Equities needed to cuts its loan book by a further $400 million in coming weeks after settlement failure, the besieged broker said yesterday.





 

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