Showing posts with the label The Australian | Business Briefing

The Australian | Business Briefing: Rio trumped in bid for Hathor

    Wall St falls on Italy fears Brendan Conway and Steven Russolillo US stocks fell this morning as investors grew cautious over Italy's ability to implement austerity measures.   Buffett in $10.5bn bet on IBM Erik Holm WARREN Buffett has invested $US10.7 billion in IBM this year, a reversal for the billionaire who has avoided technology stocks.   Rio trumped in bid for Hathor Edward Welsch CAMECO has sweetened its offer for Hathor Exploration to $C625 million, topping a rival offer from mining giant Rio Tinto.   China's rethink on Oakajee Andrew Burrell CHINA'S sovereign wealth fund has launched a review into whether Beijing should rescue the Oakajee port and rail project.   Shale gas bet to dominate Matt Chambers BHP Billiton has revealed the extent of its $US20 billion ($19.44bn) bet on controversial shale gas.   Taxes turn off Chinese investors Damon Kitney TWO major Chinese inv