Big black

Article Abstract:

Glencore International, a commodity trading house based in Switzerland, is floating Enex Resources, its coal-mining operation, in a deal valued at A$3.3 billion to A$4.1 billion. It appears that the profit that Glencore will make from the sale of its coal division will be larger than all the profits made by the whole Australian coal industry over the last 10 years.

Mergers, acquisitions and divestments, Glencore International AG, Coal industry

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Pay-TV: the big picture

Article Abstract:

Pay-television has not really taken off in Australia, but the appointment of Sam Chisholm as chairman of Foxtel in 2001 may see change occurring. The industry which has lost 6 billion Australian dollars in six years is hoping the market is stabilising.

Australia, Economic aspects, Appointments, resignations and dismissals, Subscription television, Chisholm, Sam

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Shockmarket fever

Article Abstract:

Issues concerning the international economic consequences of the terrorist attack on New York, United States, in September 2001 are discussed. Particular attention is given to the economic slow down which has been worsened by the terrorist attack.

United States economic conditions, New York, Disasters, 2001 AD

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