14/02/2008 - 06:34

Today's Business Headlines

14/02/2008 - 06:34

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Rio gets Alcan lift to ward off BHP; Credit turmoil mars CBA profit; Golden west tipped for Takeovers Panel appeal; WA tops list amid mining bubble alert; Consumer still too confident for their own good

Today's Business Headlines

Rio gets Alcan lift to ward off BHP
Rio Tinto said last night there was "clear water" between it and the value of BHP Billiton hostile $162.9 billion takeover bid, despite having to rely on new acquisition Alcan to prevent a slide in full year profit. The West

Credit turmoil mars CBA profit
Commonwealth Bank of Australia has warned that the credit market squeeze will continue for the rest of the year. The Fin review

Golden west tipped for Takeovers Panel appeal
Besieged iron ore hopeful Golden West Resources has vowed to appeal against a Takeovers Panel decision that has given the whip hand to hostile suitor Fairstar Resources ahead of a shareholder showdown next week. The West

WA tops list amid mining bubble alert
WA has edged out NSW as home to the highest number of publicity listed companies amid warnings some of its mining stocks could be overvalued. The West

Consumer still too confident for their own good
Tumbling financial markets and rising interest rates casued only a modest fall in consumer confidence during Ferburay, underlining the momentum of domestic demand. The fin Review

 

THE WEST AUSTRALIAN
Business: Rio Tinto said last night there was "clear water" between it and the value of BHP Billiton hostile $162.9 billion takeover bid, despite having to rely on new acquisition Alcan to prevent a slide in full year profit.

Besieged ireon ore hopeful Golden West Resources has vowed to appeal against a Takeovers Panel decision that has given the whip hand to hostile suitor Fairstar Resources ahead of a shareholder showdown next week.

WA has edged out NSW as home to the highest number of publicity listed companies amid warnings some of its mining stocks could be overvalued.

Centro Properties Group denied yesterday it had reached an agreement with bankers to extend the deadline for refinancing $3.9 billion of debt.

Commonwealth Bank has confirmed fears that even financiers with no direct exposure to the US sub-prime crisis won't escape a backlash, with a cost blowout and sharply higher bad debts sparking its biggest share price plunge in eight years.

Building material giant Boral will invest $33 million in a concrete masonry plant as its Midland Brick site in Middle Swan.

 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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