26/10/2007 - 06:48

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26/10/2007 - 06:48

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Banks predict three interest rates rises until may; Cost of shipping bulk commodities hits all time high; ANZ set aside $1b for Asian investments; Visy CEO claimed full responsability for illegal price-fixing; Jones says he still has shareholders' support


One of Australia's biggest banks has predicted that homeowners will be hit with three interest rates within the next seven months as the Reserve Banks strives to combat inflation. The West

The cost of shipping bulk commodities has hit new all-time highs, pushing up prices of iron ore, coal and grain to overseas buyers and threatening to drive already high fertilizer costs for WA farmers to new peaks. The West

ANZ banking group will set aside $1 billion for acquisitions in Asia. The Fin Review

Visy CEO Harry Debney has claimed full responsibility for the illegal price-fixing cartel his company ran. The Australian

A disappointed Georges Jones said yesterday he still had the support of shareholders and fellow directors following the collapse of a $2.4 billion merger between iron ore hopefuls Gindalbie Metals and Sundance Resources. The West

 

THE WEST AUSTRALIAN

Page 1: One of Australia's biggest banks has predicted that homeowners will be hit with three interest rates within the next seven months as the Reserve Banks strives to combat inflation.

Business: ANZ new chief, Mike Smith, endured a baptism of fire yesterday as disappointed investors reacted to the bank's $4.18 billion profit by wiping more the $2 billion from its shares.

The cost of shipping bulk commodities has hit new all-time highs, pushing up prices of iron ore, coal and grain to overseas buyers and threatening to drive already high fertilizer costs for WA farmers to new peaks.

A disappointed Georges Jones said yesterday he still had the support of shareholders and fellow directors following the collapse of a $2.4 billion merger between iron ore hopefuls Gindalbie Metals and Sundance Resources.


STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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