Rio Tinto and Mitsui have launched a $75 million bid for billionaire prospector Mark Creasy’s Pilbara iron ore deposits, cementing their partnership in the resource-rich region following the Japanese group’s $8.4 billion…
Rugby Australia CEO Phil Waugh expects record $50 million surplus after ‘reset’ year
Chief executive Phil Waugh expects Rugby Australia to make a record $50 million profit, and says it could be debt-free by the end of this financial year as it reaps the benefits…
Donald Trump’s big problem didn’t go away this week; it got more urgent
The clock is ticking as quick as ever on Donald Trump’s need to fix America. A monumental week in financial markets – one where investors questioned the United States’ safe-haven status and…
Rio Tinto says Australian dividends at risk if investors back activist fund
Rio Tinto has appealed directly to Australian shareholders as it pushes back against attempts by an activist hedge fund to force the mining giant to collapse its dual-company structure and end its…
NSW says Northern Beaches Hospital deal contingent on Healthscope sale process
The NSW government says it will not enter negotiations to buy back Healthscope’s troubled Northern Beaches Hospital until the private healthcare operator resolves uncertainty around its ownership. The comments by Treasurer Daniel…
Greens flag $30m to lure Aldi to Tasmania
Greens flag $30m to lure Aldi to Tasmania
Deloitte job cuts continue as partners go to Cairns
Deloitte may be on a prudent cost-cutting drive, but it still found the cash to send its partners to Cairns for a retreat last week. And as they sunned themselves up north,…
MS crosses $80m line in Guzman y Gomez; eyes on TDM
About 2.5 million shares in Guzman y Gomez changed hands before Friday’s opening bell, in one of the first selldowns from its IPO backers after the first leg of selling restrictions expired…
Armaguard, big banks seek an independent price-setter for cash delivery, determining cost of contracts with banks, large retailers, ATM operators, pubs and clubs
Armaguard and the major banks have agreed that the cash transport monopoly’s prices will be set by an independent expert, a key milestone for putting the delivery of cash and coins on…
Australian exports safe from Trump’s ‘beautiful coal’ dream
The United States is unlikely to challenge Australia’s dominance over coal exports to China, leading analysts say, although Donald Trump’s push to reinvigorate the domestic industry will weigh on global prices. The…