Australian stocks hit 32-month low
August 5, 2008
The Aussie stock market was languishing at a 32-month low at noon as fears of slowing global growth lowered commodity prices and hammered the resources sector.
BHP Billiton abandons bid for Rio Tinto
BHP Billiton Ltd., the world's biggest mining company, abandoned a hostile $68 billion takeover bid for rival Rio Tinto Ltd., blaming the global economic downturn and plunging commodity prices.
BHP Billiton executives say Rio Tinto takeover bid will go to European regulators within weeks
A BHP Billiton Ltd. executive said the world's largest miner will submit its first paperwork with European Union regulators regarding its planned takeover of rival Rio Tinto Ltd. within weeks.
Australia approves Chinalco's stake...
Australia has approved Aluminum Corp. of China Ltd.'s stake in miner and takeover target Rio Tinto Ltd., Treasurer Wayne Swan said Sunday.
BHP Billiton's bid for Rio Tinto...
The European Union has begun a full investigation into BHP Billiton's proposed
$170billion ($£85.8billion)takeover of Rio Tinto, its rival.
Rio Tinto ends Asian steel price talks
Rio Tinto has concluded price negotiations with its Asian customers for the steelmaking commodity.
EU widens antitrust probe into BHP...
The European Commission on Friday widened its antitrust probe into the proposed acquisition of Rio Tinto Inc. by BHP Billiton Ltd., saying an initial investigation revealed...
US antitrust regulator clears BHP...
Global mining giant BHP Billiton said Thursday that U.S. antitrust regulators had granted partial approval for its US$170 billion hostile takeover bid for rival Rio Tinto.
Australian regulator announces...
AFP - Australian civil aviation officials on Sunday announced an unprecedented special review of Qantas after three mid-air dramas in the space of two weeks threatened to...
Rio Tinto says it is comfortable with debt level
Mining giant Rio Tinto on Wednesday sought to allay concerns about its debt levels a day after bigger rival BHP Billiton abandoned a takeover bid for that reason, sending Rio's share price plummeting.
Shares of BHP Billiton, Rio Tinto climb on rumors of higher bid for Rio, Chinese stake
Shares of BHP Billiton Ltd. and Rio Tinto Ltd. surged in Australia on Wednesday as fresh rumors swirled around the two companies linked by what could be the largest takeover ever in the mining sector.
Australian regulator announces...
AFP - Australian civil aviation officials on Sunday announced an unprecedented special review of Qantas after three mid-air dramas in the space of two weeks threatened to...
Qantas reports strong fare sales in US
Qantas is reporting strong fare sales to US tourists and business travellers, despite a fortnight of bad press.
Turmoil for Qantas as craft grounded
QANTAS yesterday grounded a 747 aircraft because a crucial piece of equipment needed urgent maintenance, leaving the plane's tail at risk of breaking away.
Qantas Probe Focuses on Cylinder
Investigators suspect that an oxygen bottle exploded and punched a 9-foot-long hole in the fuselage of a Qantas jet. Now, Boeing is considering stepped-up inspections of such...
Qantas names Jetstar's Joyce to...
Reuters - Qantas Airways Ltd said on
Monday Alan Joyce will take over as chief executive, taking the
baton from Geoff Dixon who steps down after a string of belt
tightenings...
Qantas names new chief
Qantas names Alan Joyce, the head of its Jetstar offshoot, as chief executive of the airline group.
Rio Tinto to invest 2.15 bln dlrs in Brazil iron ore mine (AFP)
AFP - Anglo-Australian mining giant Rio Tinto announced Wednesday that it will invest 2.15 billion US dollars in a major expansion of its iron ore mine in Corumba, Brazil.
Rio Tinto to invest $2.15 bln in Brazil iron ore mine (AFP)
AFP - Anglo-Australian mining giant Rio Tinto announced Wednesday that it will invest 2.15 billion US dollars in a major expansion of its iron ore mine in Corumba, Brazil.
Qantas CEO retires, replaced by...
Reuters - Qantas Airways Ltd Chief
Executive named Alan Joyce as its new chief executive on
Monday, with Geoff Dixon retiring after eight years heading
Australia's largest...
Qantas jumbo to debut in October
Qantas has confirmed its new A380 super jumbo will make its debut flight for paying passengers on October 20.
Qantas jet lands with gaping hole in...
AP - The 346 passengers were cruising at 29,000 feet Friday when an explosive bang shook the Qantas jumbo jet. The plane descended rapidly. Oxygen masks dropped from the ceiling...
Qantas jet lands with gaping hole in...
AP - The 346 passengers were cruising at 29,000 feet Friday when an explosive bang shook the Qantas jumbo jet. The plane descended rapidly. Oxygen masks dropped from the ceiling...
Rio Tinto rail access could 'cost $30b'
Rio Tinto says it could cost Australia $30 billion over 20 years if the company's Pilbara railways in Western Australia are open to third party access.
Qantas gets more passengers
Qantas says its passenger numbers in May increased by 3.9% over the previous year.