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Money

Thais snap up sugar mill shares

Will the bid for the Maryborough Sugar Factory succeed?

WITH just a week to go before the deadline on Mitr Phol's takeover of MSF Sugar, the Thai company has acquired 35% of shares.
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Palmer sues QR National for $8b

Clive Palmer

CLIVE Palmer's China First Pty Ltd is launching an $8 billion lawsuit against QR National for competing with its plans to build a 500km rail link to carry coal.

 

Heritage mortgages go nationwide

Heritage Bank CEO Mr John Minz.

HERITAGE Bank will expand its mortgage broker network to offer home loans in every state and territory in Australia.
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Dick Smith stores under a cloud

Australian entrepreneur Dick Smith is angered at the planned sell off by Woolworths Limited of the chain that he founded and still bears his name.

THE future of three Toowoomba Dick Smith stores are under a cloud after Woolworths Limited announced plans to sell off the iconic Australian brand.

 

Employees see red over wages

Paul Haaksma reckons SP Exports owe him money.

THE management of Childers tomato giant SP Exports is continuing to go to ground as more workers have spoken up about pay problems with the farm.
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Depositors fret about guarantee

Noel Whittaker

FROM 1 February, the Federal Government Bank Deposit Guarantee will be reduced from $1 million to $250,000 - a move that has depositors on edge.

 

Statford lied for 25 years

ALLEN Stanford was lying to employees and cheating investors as far back as 1987, a court was told yesterday.
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Signs good for rates cut

Many now expect the central bank to cut rates by 0.5 percentage points over the next two months.

FAVOURABLE inflation figures and growing confidence that the Reserve Bank will cut interest rates have sparked a rise in the sharemarket.
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Inflation stays steady, beer rises

The flat inflation figure also gives the RBA less incentive to lift the cash rate.

INFLATION has stayed steady since last quarter, with rent, beer and petrol among the strongest pressures on the cost of living.
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IMF warns Australia's big banks

THE IMF has called on Australia's biggest banks to bolster their levels of capital even further following a stress test of the banking system late in 2011.

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