07 2008

ConocoPhillips buys into Origin assets

Tag: ASX @ 9:42 pm

ORIGIN Energy has selected US gas operator ConocoPhillips as operating partner in its Queensland coal seam gas project.


07 2008

Westpac bid ‘fair’: independent expert

Tag: ASX @ 9:42 pm

INDEPENDENT expert Grant Samuel has said that Westpac’s takeover offer for St George Bank is fair and reasonable.


07 2008

Emissions trade no big threat: RBA

Tag: ASX @ 9:42 pm

THE Reserve Bank believes the economic effects of the emissions trading scheme should be a one-off inflationary shot.


07 2008

Recession is a risk: Stevens

Tag: ASX @ 6:40 pm

Glenn Stevens says the Australian economy will slow further before it recovers.


07 2008

US Treasury rescue plan unprecedented

Tag: ASX @ 6:40 pm

THE US Government’s rescue of Fannie Mae and Freddie Mac has added about $US5.4 trillion to potential Treasury liabilities from the two mortgage giants - a sum that is equivalent to the entire federal debt.


07 2008

Insurance giant fights for recognition

Tag: ASX @ 6:39 pm

WHAT’S worse than being known as the local arm of a US insurer that has lost $US12 billion ($14.7 billion) as a result of the sub-prime mortgage crunch and is the subject to allegations of former executives diverting funds? The answer, it seems, is not being known at all.


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