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Business - Australia latest news



Chimaera, ANZ face legal battle
A STOUSH is brewing between stockbroking group Chimaera and its creditor ANZ over the contents of a due diligence report.
The Australian Sunday, July 06, 2008

Brisbane visitors switch on
THOUSANDS of visitors are "clicking" into Brisbane to see Picasso, book hotels and bask in our glorious winter weather.
The Courier Mail Sunday, July 06, 2008

Sugar mills lumped together
THE Sir Ron Brierley-backed Maryborough Sugar Factory is finally to combine with the Cairns district's Mulgrave Central Sugar mill.
The Courier Mail Sunday, July 06, 2008

Chimaera, ANZ face legal stoush
A LEGAL stoush is brewing between embattled stockbroking group Chimaera and its creditor ANZ over the contents of a due diligence report that holds the key to a $35 million rescue plan with an Asian bank.
The Australian Sunday, July 06, 2008

Pressure on property trusts to divest
HAVING embarked on an international spending spree over the past three years, Australia's bruised and battered listed property sector could be forced into a fire sale of its $70 billion offshore portfolio, after being caught up in the global economic slowdown.
The Australian Sunday, July 06, 2008

Citigroup to dismantle global empire
At least 18,000 jobs are to be axed around the world as new chief executive Vikram Pandit gets to grips with the bank's huge exposure t
The Australian Sunday, July 06, 2008

BT rebuffs Telstra on anti-separation
BRITISH Telecom's new chief executive officer Ian Livingston has hit back at criticism by Telstra of the functional separation of its retail and wholesale business, saying the move in Britain had been a win for consumers, driving broadband penetration, slashing prices and sparking a vibrant market for high-speed internet service with more than 200 companies.
The Australian Sunday, July 06, 2008

Oil holds market hostage
FALLING overseas markets and weaker commodity prices have set the scene for a tough start to the week for Australian shares.
News.com Sunday, July 06, 2008

Boeing argues for open skies
THE Federal government has been urged by global aviation giant Boeing to allow foreign airlines to compete against Qantas on the lucrative Pacific route.
News.com Sunday, July 06, 2008

Job hopes slow with economy
EMPLOYERS are slowing down on hiring, especially in the financial sector as job opportunities decline.
News.com Sunday, July 06, 2008

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