Mining & Energy News – Dawi Business & Finance News

6.45am, Wednesday 8 February 6.45am, Wednesday 8 February

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Glencore, Xstrata seal world's biggest mining merger - Sydney Morning Herald Sydney Morning HeraldGlencore, Xstrata seal world's biggest mining mergerSydney Morning HeraldUpdate Glencore International Plc, the world's largest publicly traded commodities supplier, agreed to buy Xstrata Plc for about 26 billion pounds ($38 billion) in shares in the biggest mining takeover. Glencore offered 2.8 new shares for each one in ...Xstrata, Glencore agree to $US90bn mergerNEWS.com.auXstrata, Glencore to Create Commodities GiantWall Street JournalGlencore-Xstrata Deal Revives M&A After Slowest Month Since 2009BusinessWeekThe Guardian -Financial Timesall 1,241 news articles »

Greek Officials Working on Final Draft to Meet International Rescue Terms - B... BloombergGreek Officials Working on Final Draft to Meet International Rescue TermsBloombergEnlarge image Greece Rescue Greece Rescue Kostas Tsironis/Bloomberg Riot policemen clash with protesters at the Greek Parliament building in Athens on Feb. 7, 2012. Play Video Greek Prime Minister Lucas Papademos postponed a meeting with heads of the ...Greeks protest as bailout talks drag onThe AustralianGreek parties delay bailout talks despite EU threatsReutersMerkel: I Won't Take Part In Pushing Greece Out Of EuroWall Street JournalBusinessWeek -Sydney Morning Herald -ABC Onlineall 5,250 news articles »

Optimistic RBA puts rates on ice - The Australian BloombergOptimistic RBA puts rates on iceThe AustralianVideo Image RBA rates on hold THE official interest rate is on hold indefinitely, with the Reserve Bank seeing fresh signs of strength in the mining boom as fears of a European meltdown recede. Instead of the rate cut that had been widely predicted, ...RBA is 'keeping powder dry'Herald SunRBA passes, now it's the banks' turnSydney Morning HeraldBanks tipped to raise interest ratesABC OnlinePerth Now -The Canberra Times -Business Review Australiaall 1,383 news articles »

NAB to review struggling UK operations - Financial Times Sydney Morning HeraldNAB to review struggling UK operationsFinancial TimesBy Sharlene Goff in London and Neil Hume in Sydney The future of National Australia Bank's UK arm was thrown into doubt on Tuesday as the bank launched a strategic review of its underperforming Clydesdale and Yorkshire banks business amid fears of a ...Review after mixed fortune for NABHerald SunClydesdale and Yorkshire banks' future under reviewThe GuardianNo change on rates good news for banksSydney Morning HeraldThe Australian -Wall Street Journal -NEWS.com.auall 294 news articles »

Stocks eye flat start on mixed leads - Sydney Morning Herald Stocks eye flat start on mixed leadsSydney Morning HeraldThe Australian market looks set to open flat, despite positive moves on Wall Street overnight as investors awaited the outcome of discussions on a bailout package for Greece. On the ASX24, the March share price index futures contract was up 1 point ...Stocks trade close to year's highThe West Australianall 11 news articles »

BHP Billiton tipped to fall short of record profit - NEWS.com.au BHP Billiton tipped to fall short of record profitNEWS.com.auBHP Billiton's run of record profits is tipped to end tomorrow, with higher costs and lower production expected to put pressure on its first-half earnings. But the world's biggest miner should post a hardly-unhealthy net profit of about $US10 billion ...BHP posts profit of almost $US10bSydney Morning HeraldBHP profit sinks in H1Business SpectatorSmaller but still big profit set for BHPSky News Australiaall 5 news articles »

Foster's loses Asahi as brewer finds new home - Sydney Morning Herald Sydney Morning HeraldFoster's loses Asahi as brewer finds new homeSydney Morning HeraldAn Indipendant Distillers spokesman said the Asahi play would push the company into the top six alcohol companies in Australia. Photo: Bloomberg FOSTER'S has lost the rights to Asahi as the Japanese brewer of the popular imported beer mounts a fresh ...Asahi beer finds new Australian homeHerald SunFoster's loses grip on Japan's AsahiThe Australianall 11 news articles »

Qantas grounds A380 after cracks found in its wings - Herald Sun NEWS.com.auQantas grounds A380 after cracks found in its wingsHerald SunVideo Image Qantas cracks Qantas has taken one of its super jumbos out of service after hairline cracks were discovered in its wings. QANTAS has taken one of its jumbo jets out of action after hairline cracks were discovered in its wings.Qantas grounds A380 after cracks foundCourier MailQantas grounds A380 after finding cracksBigPond NewsCracks put Qantas A380 out of actionStuff.co.nzFiveAAall 33 news articles »

Fox lashes retailers over grocery price war - Business Spectator Fox lashes retailers over grocery price warBusiness SpectatorAustralia's grocery retail chains gripped in a tense price war have come under harsh criticism from Lindsay Fox, whose multi-billion dollar trucking empire has distribution contracts with Coles and Woolworths, the two chains behind the price war, ...THE NEWS WRAP: Lindsay Fox says Coles, Woolworths “expect everything for nothing”StartupSmartFox lashes out at Woolies and Coles for 'dictating terms'The Australianall 4 news articles »

Bionic ear recall proves costly for Cochlear - NEWS.com.au (blog) Brisbane TimesBionic ear recall proves costly for CochlearNEWS.com.au (blog)Cochlear CEO Chris Roberts holds the most recent Cochlear Nucleus 5 implant to enable better hearing, pictured in Sydney. Picture: Jane Dempster Source: The Courier-Mail COCHLEAR shares leapt today amid shareholder relief about the impact a mass recall ...Cochlear's in the clearThe Australianrecall proves costly for CochlearHerald SunCochlear shares soar despite $20m lossSydney Morning HeraldWall Street Journal -Perth Now -Sky News Australiaall 51 news articles »

News from Google News…

BHP posts profit of almost $US10b BHP Billiton has posted a mammoth first half profit of $US9.94 billion that fell just short of market expectations.

DIGGA looks to shovel more funds into mining stocks DIGGA launches a mining fund just as the world's bigger merger among resources companies is sealed.

Mac flurry to make calls on profit news Macquarie Group's chief executive, Nick Moore, has finally unveiled his organisation's secret - and obviously well-planned - strategy for overcoming the troubles affecting some of its operations. Hit the phones and hope for the best.

Scoot ups pressure on Jetstar SCOOT, South-East Asia's newest budget airline, has selected the Gold Coast as its second Australian destination, ramping up pressure on Qantas's budget offshoot, Jetstar, on its home turf.

ECB angst on Greek debt The European Central Bank is taking a peculiar stance, writes Joseph Stiglitz.

US stocks reverse early losses US stocks held gains overnight, even as Greece delayed action on austerity measures to aid its debt crisis.

Fox hits out at Woolies and Coles TRUCKING magnate Lindsay Fox has launched a scathing attack on Australia's major retailers.

Reserve's rude shock on rates FOR Citigroup's economists in Sydney, it was "tough love". But for the country's top market economists, it was a rude shock.

Xstrata and Glencore to join forces XSTRATA and Glencore last night confirmed their long-awaited $US90 billion ($83.44bn) merger.

NAB feels margin squeeze THE global funding crunch for banks became clearer yesterday when National Australia Bank revealed squeezed profit margins.