Flooding rains halt Rio Tinto iron ore operation
A loader at Rio Tinto’s Pilbara iron ore operations is out of action following flooding rains brought by Tropical Cyclone Sean.
Victoria Business
Myer can be a $5bn retail power: Inside Lew’s merger vision
The $800m merger represents an all or nothing bet on the longer term future of Myer. And the retail billionaire Solomon Lew has big ambitions.
Tim Cooper to hand over the reins at Coopers Brewery
Tim Cooper will step back from the top job at Coopers Brewery after more than two decades, as beer sales at the nation’s last major Australian-owned brewer continue to grow.
Trump launches AI into a new space race
The new Trump administration’s massive spending plan will certainly flow through to a handful of Australian companies already enabling artificial intelligence.
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Business bothered by costs, timing
Petter Dutton’s ‘ambitious’ nuclear energy plans would seed confusion into the energy market and potentially deter new investment in the sector business groups say.
Beware the lessons of history on costings: Grattan Institute
Pretty much every major energy project in Australia has run way over budget in recent years, so treat long-term nuclear costings with caution, the Grattan Institute’s Tony Wood says.
Fleet Space raises $150m for minerals exploration ambitions
The company will pursue M&A and hire expert staff following a huge capital raise, as it seeks to revolutionise minerals exploration.
Execs named as ACCC goes after Downer and Ventia for price fixing
Four senior executives at Downer and Ventia have been named in legal action for allegedly colluding on defence contracts worth nearly $10bn during the pandemic.
Piper-Heidsieck pops cork on champagne renaissance
Its first brand ambassador was Marie Antoinette, the last Queen of France, and a new sponsorship deal with the Australian Open tennis will lift champagne brand Piper-Heidsieck’s visibility.
Winemakers sitting on a 200 million litre glut
Australian wineries have an estimated 200 million litre glut of wine in their inventory despite slowing production in the aftermath of a three-year trade stand-off with China.
Iron ore mining resumes at Whyalla, blast furnace still out
Mining has resumed at GFG Alliance’s iron ore mines near Whyalla, while rail haulage for both iron ore and steel products remains offline, along with the blast furnace.
Victoria’s plan to stop Tassie green power push
The days could be numbered for the little-known regulatory quirk that has given a boost to Victorian power customers at Tasmania’s expense.
Does ANZ need another rock star CEO?
ANZ has a history of its ambitions being bigger than its balance sheet. The arrival of a big name global banker adds to these worries.
Sonic to buy German laboratory business
Sonic Healthcare will buy a German laboratory business for nearly $700m, with the deal including an option over a second business.
Original URL: https://www.dailytelegraph.com.au/business/victoria-business/page/9