Babcock's thin lifeline
Babcock & Brown shares were smashed today, raising questions of survival, but the battered group is simply too big for the banks to let it fall - yet.
Rio Tinto unveils Sulawesi resource
Mining giant Rio Tinto has unveiled a 162 million tonne resource at its Sulawesi nickel project in Indonesia, as a legal stoush brews over the venture.
Babcock 'in good shape' but shares sink
Babcock & Brown said its fundamentals were in a robust shape, particularly in its infrastructure business, after its shares plunged 20 per cent.
Babcock extends share plunge
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling as much as 24% in early trading.
Babcock & Brown denies being in default
Babcock & Brown, which lost almost half of its market value last week, reiterates it is not in default.
Babcock denies default
Shares in Babcock & Brown rally after the troubled group says it is not in default or breach of its banking covenants.
Babcock struggles with banks
Troubled investment firm Babcock & Brown has begun meeting with its bankers, as it goes ahead with asset sales.
Orica to build ammonium nitrate plant
Explosives, chemicals and paint maker Orica Ltd will build a new ammonium nitrate plant in Indonesia for about $US550 million ($A585.85 million).
Woolworths fined for breaking FSA rules
Woolworths has been fined £350,000 by the Financial Services Authority for taking too long to disclose that its profits would be lower than expected.
Funds 'not affected' by Babcock review
Two satellite funds managed by besieged investment house Babcock & Brown said the review affecting their parent did not affect them or their debt position.
Babcock pledges cash for B&B Power
Babcock & Brown is prepared to help Babcock & Brown Power with funding if the banks don't.
Rio Tinto to invest in iron ore studies
Rio Tinto Ltd will spend $A521.96 million on the expansion of its Pilbara operations to increase output to 320 million tonnes per year.
Telstra's T3 investors get their just...
With the final T3 instalment payments due within days, the end of government ownership of the telco is imminent.
Babcock finds suitors for wind farms
Babcock & Brown's wind power affiliate may get up to $3.2b for assets, which would alleviate concern about the firm's ability to repay debt.
Woolworths insists new chief...
Woolworths' chairman, Richard North, maintained that its retail division can robustly grow its profits yesterday as the group parted company with its chief executive, Trevor...
Transurban to raise almost $1 billion
New Transurban chief executive Chris Lynch has moved quickly to put his stamp on the toll road operator by announcing a capital raising of up to $998 million.
Babcock satellite's voyage in the rough
Babcock & Brown's leveraged infrastructure model is bound to come under further pressure this week following Friday's dramatic events in satellite group Babcock & Brown Power.
Margin Lenders Cap Funding to Babcock
Three margin lenders stopped funding purchases of Babcock & Brown shares after a sharp drop in the firm's market value.
Transurban faces selling pain as it...
The job ahead for infrastructure investment vehicles was laid out by Transurban's new CEO.
Bartolomeu Dos Santos: printmaker and...
Bartolomeu dos Santos was perhaps Portugal's most important 20th-century
printmaker.
Analysts warn of Transurban 'takeover'
Disappointed investors cut almost 15 per cent off the value of Transurban Group after the toll roads operator signalled cuts to its future distribution payouts.
Tabcorp applies for NT wagering licence
Tabcorp Holdings says it has lodged an application with the NT government for a racing and sports wagering licence.
Woodside's Mauritania bribe claims end
Energy producer Woodside Petroleum Ltd says it has been cleared of allegations of bribing an official while operating in the African nation of Mauritania.
Rio Tinto to hike iron ore price for...
AFP - Anglo-Australian mining group Rio Tinto said Monday that it had agreed a near doubling of the price of its iron ore sales to Chinese steel maker Baosteel.
China's Baosteel agrees to nearly...
China's biggest steel producer, Baosteel Group, agreed to price hikes of up to 96.5 percent with iron ore supplier Rio Tinto, the companies said Monday, amid surging demand for...
China agrees to pay Rio Tinto nearly...
AFP - China's Baosteel said Tuesday it would nearly double the price it pays mining group Rio Tinto for iron ore, in a deal experts said underscored the Asian giant's lynchpin...