It is slightly amusing that Julia Gillard has seized on the proposed $4.7 billion joint bid by Peabody Energy and ArcellorMittal for Macarthur Coal as a validation of her carbon pricing package.
Macarthur coal
Chinese government saves Macarthur Coal’s bacon
The Chinese government yesterday saved Brisbane-based Macarthur Coal from having to face a $3.8 billion takeover proposal from Peabody Coal of the US.
Business As Usual: While Greece faces reality and capitulates, who’s pinching the spuds in Britain?
The IMF and the European Commission are dropping into Athens for a chat … The noisy takeover battle for Macarthur Coal gathers pace … Sigma’s chief leaving the company … Inflation problem in China? What problem? … and the case of the disappearing spuds in UK.
Business As Usual: Macarthur Coal stands firm … recovery may be running out of steam … no commodity bubble in sight …
The Fed’s minutes reveal there are fears the recovery may run out of steam later in the year … commodity prices are rising and no, its not the bubble we saw two years ago … China’s economy will start slowing this year, while Greece is still a basket case …
Morning Market Report: Macarthur Coal in a trading halt
Macarthur Coal is the latest company to announce a capital raising, while the market is down 8.
Morning Market Report: Australia avoids recession
The GDP numbers are up a seasonally adjusted 0.4%, while the market is up 21.
Briefly Business: Wesfarmers, Macarthur Coal and Chris Murphy
Wesfarmers rights issue … Macarthur Coal takeover?… hedge fund managers … Austock … Chris Murphy wants his fruit back.
Swan’s FIRB guidelines ignore the elephant in the room
Swan’s foreign investment announcement delivered some front page coverage today whilst ignoring the elephant in the room – the amount of our “farm” already in foreign hands, writes Stephen Mayne.
