China, Singapore mull joint Potash bid

omss, this is your Australian Business update for Wed Sep 08 13:02:20 EST 2010
	China, Singapore mull joint Potash bid UPDATE: Costas Paris and Edward Welsch CHINA'S Sinochem has approached Singapore's Temasek to discuss the potential creation of a bidding consortium for Potash Corp.   Foster's rejects bid for wine business UPDATE: Lyndal McFarland FOSTER'S Group has rejected a cash offer for its wine business from a private equity firm, which valued the unit at $2.3 billion-$2.7 billion.   Big banks eye politics for rate rises Scott Murdoch THE big Australian banks are forecast to independently lift key mortgage rates, to take advantage of the current political environment.   HP sues to block Hurd joining Oracle Robert A. Guth, Ben Worthen and Joann S. Lublin HEWLETT-PACKARD sued to block its former chief executive from joining rival Oracle as a senior executive.   Gold price climbs to record settlement Matt Whittaker GOLD finished at a record settlement in New York on worries over Europe's banking system and the global recovery.   Eldorado pulls out of Andean bidding Edward Welsch ELDORADO Gold withdrew its bid for Andean Resources today, saying it wouldn't top an accepted, $C3.6 billion ($3.8bn) offer by Goldcorp.   Call for fresh start on tax reform Annabel Hepworth and Damon Kitney BUSINESS leaders have urged the new government to commit to sweeping tax reform to boost investment and productivity.   Cape Lambert in $80m dispute with MCC Michael Bennet CAPE Lambert Resources has commenced legal action against Metallurgical Corporation of China over an $80 million payment.   Financial Markets Foster's shines in weak sharemarket AUSTRALIAN stocks were lower by early afternoon, following a slide on Wall Street, but Foster's rose sharply on takeover speculation.   Big banks eye politics for rate rises Wall St slide ends four-day win streak   Financial Markets Coverage   Mining & Energy Drillsearch buy at an 80pc premium Michael Bennet DRILLSEARCH Energy has bought Innamincka Petroleum via a "friendly merger" that values the target at about $42m.   Mirabela to raise up to $181m Summit won't review mining tax: Swan   More Mining & Energy Coverage		12:57pm Foster's shines in weak sharemarket 12:40pm Home loan weakness continues 12:38pm Floor price set in Foster's battle 12:37pm Shares down thanks to banks, miners 12:33pm Dollar subdued after US shares dip 12:19pm Big banks eye politics for rate rises 12:15pm Liquidator loses right to payment... 11:51am Mining tax to go ahead - Wayne Swan 11:45am Foster's rejects bid for wine business 11:43am Housing finance up 1.7pc in July 11:36am Bid gives Foster's predators comfort 11:29am Drillsearch buy at an 80pc premium 11:27am Toyota recalls 116,507 vehicles 11:15am Vic to boost off-the-plan deposit... 11:13am Iraq tops Vietnam for journalist deaths   More Business Breaking News
	Tim Boreham Floor price set in Foster's battle WHILE investors' eyes were averted to a mooted offer for Foster's beer, the brewer finally managed to winkle out some interest in wine. John Durie Kick-off time for Foster's auction FOSTER'S chairman David Crawford has received the offer he was hoping for to kick-off an auction for the company. More Opinion Stories
	Agriculture Foster's rejects bid for wine business Aviation Holidays boost visitors to Australia Banking & Finance Big banks eye politics for rate rises Construction & Engineering Stewart positions himself to lead Leighton Green Business Passengers shun offsets Healthcare Cautious welcome, consultation urged Infrastructure & Utilities Stewart positions himself to lead Leighton Legal Affairs Cape Lambert in $80m dispute with MCC Leisure & Gaming Qantas to pay out after High Court loss Manufacturing Foster's rejects bid for wine business Media Obama 'web strategist' joins Google Mining & Energy Drillsearch buy at an 80pc premium Primespace   First-home buyers returning Retail & Consumer Woolies' hardware hopes take a hit Small Business Dark clouds over small business Telecoms Result clears way for Telstra and NBN Transport & Logistics From couch potato to power source		Highlights China, Singapore mull joint Potash bid UPDATE: Costas Paris and Edward Welsch CHINA'S Sinochem has approached Singapore's Temasek to discuss the potential creation of a bidding consortium for Potash Corp.   RBA boss signals rate rises on the way MRRT fears weigh on resources   More Highlights   Executive Lifestyle Dubai ruler to reclaim mega yacht crown John Harlow THE ruler of Dubai, who already has the world's tallest building, could soon be the ruler of the high seas, too, after 24 inches are added to his mega yacht.   Lamborghini without frills   More Primespace Coverage   Portfolio Manager Currencies Map Portfolio Login RSS Feeds Alerts (Email/Mobile) Vanguard Volatility Chart Alerts Login Interactive Charting
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