Why Alcoa has finally returned to buy its Aussie partner
With more of the financial spoils going to Alcoa and a skinny premium, the hardened ex-WMC shareholders could still put up a fight.
Victoria Business
We need more CEOs to speak up for profits
The supermarkets boss has cut through with a reminder about the purpose of her business.
Alumina bid price a bit of a let-down, analysts say
The Alcoa scrip bid for Alumina is well below some analysts’ price for the target company, which has posted a steep full year loss.
Adbri upbeat on housing
Adbri boss Mark Irwin has shrugged off worries about a construction slowdown as the company looks to tie up a $2.1bn buyout from Irish giant CRH.
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Tech king snaps up historic Toorak mansion for $75m
The entrepreneur, who sold his firm for $1.7bn last year and had been quietly looking for a new home, joins fellow tech players in Melbourne’s premier locale.
RBA’s Lowe risks being a casualty of rate hike politics
The central bank governor has found himself caught on the wrong side of an economic cycle, with his seven-year term set to expire just as interest rates are likely to peak.
Whitlam-flavoured coal plan won’t work
Despite trainee treasurer Jim Chalmers’ slavish adoration of Paul Keating, the Albanese government is shaping up far more like a replay of Whitlam than of Hawke-Keating.
How Austrac became a feared cop on dirty beat
A string of legal actions has exposed casinos as the effective bankers for crime, undermining efforts by the real banks to protect the financial system.
GDP signals that the RBA ain’t done yet
The good news in the GDP figures was also the bad news. That is to say, bad news for borrowers.
Strike Energy reveals large stake in takeover target Warrego
The move will give Strike a potential blocking stake in any bid to acquire the company, and comes after its own proposal was superseded by a bidding war between two billionaires.
Why the RBA needs to talk up more rate hikes
As the Reserve Bank pushes through the first Christmas rate hike in 13 years, central bank boss Philip Lowe has ramped up the rhetoric.
Santos boosts shareholder returns, flags more to come
Santos will pay more out in dividends and buy back more of its shares, and says shareholders can expect even more once major projects are completed.
Whyalla set for huge workforce and mining ramp up
Iron ore mining at Whyalla will expand more than 10 times while the workforce at the mines and steelworks will quadruple over the next eight years, Sanjeev Gupta says.
Huge interest in collapsed Melbourne project
A partially completed Melbourne hotel development placed into voluntary administration is understood to have about 40 Australian and international developers vying for it.
Original URL: https://www.themercury.com.au/business/victoria-business/page/196