BABCOCK & Brown has reaffirmed its annual earnings guidance.
Archive for June, 2008
PUBLISHING company APN News & Media expects a flat net profit result for the first half of calendar 2008 as it continues to battle challenging market conditions.
STEEL magnate Lakshmi Mittal, the biggest shareholder in ArcelorMittal, is considering entering the takeover battle for Anglo-Australian mining giant Rio Tinto, the Financial Times reported today.
STEEl company ArcelorMittal has increased its stake in miner Macarthur Coal Ltd to 19.9 per cent by buying shares from another stakeholder as part of a strategy to safeguard its raw materials supply.
ONE of Britain’s top oil and gas executives believes current record oil prices cannot go on, indicating relief is in sight for battered global share markets and an at-risk world economy.
PBL Media - the private-equity-controlled company that houses the Packer family’s one-time flagship media assets, the Nine Network and ACP Magazines - has been valued at zero in a report by one of the country’s top media analysts.
THE Australian dollar is expected to remain above US90? for the rest of calendar 2008, but analysts have retraced expectations for the currency to hit parity with the US dollar.
AUSTRALIAN stocks are expected to slip today after Wall St fell on concerns that record oil prices and a seemingly endless credit crisis will further damage the economy.
NEWCREST Mining says it has secured sufficient gas supplies to maintain full production at its flagship Telfer gold mine in Western Australia after an explosion cut supply from Varanus Island earlier this month.
NATIONAL Australia Bank said tough economic conditions in the US were likely to continue until the end of 2009.
