AUSTRALIA'S largest mortgage aggregator, Australian Finance Group, has reported strong growth in profits for the 2008 financial year, but the entire industry is struggling in the current economic climate, and the extended outlook is far from clear.
The Note has mentioned the magic word Argenti previously but was drawn back to the corporate planning system this week when local business hero Michael Chaney got up to laud its qualities.
MAJOR local superannuation fund -Westscheme has brought forward valuations of unlisted assets as the global financial crisis buffets investments across the spectrum.
The Australian stock market made its biggest daily percentage gain in 11 years on Tuesdsay, with shares closing up more than 5 per cent, boosting the value of all stocks on the bourse by $37 billion.
BHP Billiton is the world's biggest mining company so it was fitting it was BHP that decisively marked the end of the five-year global resources boom this week.
A wholly-owned subsidiary of ANZ Banking Group has offered to pay $130 million for Babcock & Brown Power's interests in two Western Australian power stations.
Catalyst Metals chairman Nathan McMahon says he will defer his salary as the company begins its strategy to reduce its non-core assets in light of the financial crisis.
Treasurer Troy Buswell has indicated an end to Western Australia's revenue boom, while releasing budget data showing a sharp fall in the state's surplus.
The planned listing of billionaire Clive Palmer's Resource Development International in Hong Kong has been delayed, Australasian Resources confirmed today.
Privately-owned Talison Minerals said some 200 jobs will be lost as it suspends work at its Pilbara located Wodgina mine, the worlds largest tantalum operation.
OZ Minerals says it will defer $20 million of work at its Golden Grove operation in Western Australia, as part of a wide ranging review of its assets in light of the financial crisis.
The owner of the Dampier to Bunbury natural gas pipeline says it has saved $55 million on current expansion works, which will start operating early next month.
Bedding franchiser Joyce Corporation has reached a deal to sell its Queensland property for $9 million, some $500,000 more than its valuation at the end of the 2008 financial year.
US forced to save Citigroup; Unions regain power to bargain; Babcock deal fails as execs resign; Time to strike for rights, say unions; Scarborough gets nod for 12 storeys
Yilgarn Infrastructure has continued its rearguard bid for a slice of the planned Oakajee port and rail project, claiming today that its Chinese partners would not work directly with the government's preferred bidder.
The state's mining sector weighed heavily on the market capitalisation of Western Australian stocks, which lost $36 billion during October, a survey has found.
West Perth-based IronClad Mining has entered into an agreement with a Chinese steel making company over the development of two of its iron ore projects in South Australia.
Destined for a deficit; Property price fall worst in 25 years; Industry funds face attacks on unlisted valuations; Powers lock horns on crisis; Atlas digs in as big backers flex muscle
Perth-based Stirling Products are aiming to raise $210,000 in immediate capital raising, or up to $960,000 in total before expenses, through a placement of fully paid ordinary shares and convertible notes.
