PotashCorp mulls Chinese consortium bid to rival BHP September 16, 2010 CANADA’S PotashCorp has approached a number of parties in China over putting together a consortium to counter miner BHP Billiton’s $39bn (£25bn) hostile takeover bid. PotashCorp, which has made no secret of its attempts to woo white knight bidders since it rejected BHP’s approach last month, is understood to have considered combining a large capital [...]
Potash claims rivals will bid September 14, 2010 FERTILISER company Potash Corp is not considering a large stake sale to a third party or long-term production sharing agreements as serious options to block a sale to BHP Billiton, investors who met with the company said yesterday. Potash Corp chief financial officer Wayne Brownlee was in New York meeting with investors on Monday and [...]
CAR TALK September 14, 2010 LEXUS HATCHBACK GOES ZERO CARBON Emissions are now officially the new battleground. Lexus has announced that its new CT 200h compact hatchback will have emissions as low as 96g/km of CO2 – beating the magical sub-100g/km figure – thanks to its full hybrid powertrain. This means road tax will be zero when the car goes [...]
Fertiliser giant Potash has received several rival bids September 13, 2010 THE world’s biggest fertiliser producer yesterday added a new twist to its hostile takeover saga by confirming it has been approached by several rival bidders. Potash is desperately trying to see off a $39bn (£25bn) hostile takeover bid by BHP Billiton. The Canadian firm has said it would prefer to remain independent but has told [...]
Fertiliser giant Potash has received several rival bids September 13, 2010 THE world’s biggest fertiliser producer yesterday added a new twist to its hostile takeover saga by confirming it has been approached by several rival bidders. Potash is desperately trying to see off a $39bn (£25bn) hostile takeover bid by BHP Billiton. The Canadian firm has said it would prefer to remain independent but has told [...]
Sinochem seeks Temasek help for rival Potash bid September 7, 2010 SINOCHEM, China’s state-owned trading company, has approached Temasek to join a consortium of firms looking to rival BHP Billiton’s bid for Canada’s PotashCorp. The move by Sinochem comes after Chinese authorities demanded state companies meet with investment bankers to look at ways to block BHP’s $39bn (£25.4bn) move for PotashCorp. Bill Doyle, PotashCorp chief executive, [...]
Mining tax headache returns September 7, 2010 AUSTRALIAN Prime Minister Julia Gillard secured a wafer thin parliamentary majority yesterday, ending a political impasse but hardly cheering investors worried about the fragility of her government and its plans to tax mining profits. Gillard’s Labor Party, which was punished by voters in 21 August inconclusive elections despite a robust economy, secured enough support from [...]
A car that’s easy to live in September 7, 2010 WHEN I was a kid, we spent every summer with family in Cornwall, and every year my father’s car used to break down, extending what was a gruelling journey into an epic, Herculean trial. Fortunately for me, motoring has moved on, and I’ve just done more than twice the distance in about the same time [...]
A car that’s easy to live in September 7, 2010 WHEN I was a kid, we spent every summer with family in Cornwall, and every year my father’s car used to break down, extending what was a gruelling journey into an epic, Herculean trial. Fortunately for me, motoring has moved on, and I’ve just done more than twice the distance in about the same time [...]
Weak market rocks profits at Macquarie September 6, 2010 AUSTRALIAN banking giant Macquarie Group yesterday slapped investors with a shock profit warning, admitting that its earnings will fall around a quarter over the first half of the year due to torrid market conditions. Macquarie, which has in the past been nicknamed the “millionaires’ factory” due to the sizeable pay packets awarded to its star [...]