Author Archive

27
Sep

Is the Aussie dollar finally ready to fall?

Is the Aussie dollar finally ready to fall?

The Australian dollar may fall below the parity level with the US dollar in the coming months. There are a number of contributing issues.

02
Aug

Macarthur Coal receives indicative bid

Macarthur Coal receives indicative bid

Macarthur Coal received an indicative proposal from Peabody Energy and Arcelor Mittal in mid-July. The proposal is non-binding, subject to due diligence and a 50.1% acceptance. The proposed price is $15.50 plus up to 16 cents of any 2011 dividend. Directors have allowed due diligence to be undertaken by Peabody and Arcelor.

23
Jun

Two strikes rule passed by Senate

Two strikes rule passed by Senate

On Monday night the Senate passed the Two Strikes Rule in relation to Executive Remuneration. The new rules take effect from 1st July 2011 and are designed to address concerns over excessive remuneration.