Iron ore miner, Fortescue Metals Group (FMG), says it is a takeover target but has not been approached by global miner, Glencore.FMG chief executive, Nev Power, told PM in an interview that Fortescue's lower share price made it more attractive to investors.
Bank of America Merrill Lynch chief economist Saul Eslake breaks from the pack on interest rates, predicting the Reserve Bank of Australia will keep rates on hold.While most economists working for the country's big lenders have predicted the Reserve Bank of Australia (RBA) will slash the official ca...
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