asxmining.com

LONDON, June 29 (Reuters) – Oil rose above & #36;69 a barrel on Monday after Nigeria’s main militant group said it attacked a Royal Dutch Shell RDSa.L oil platform, outweighing a fairly bearish report from the International Energy Agency (IEA).

Creditors of the troubled agricultural manager Timbercorp Ltd have voted to have 41 of the group & #39;s companies wound up.

LONDON (AFP) – London-based miner Anglo American is exploring the sale of Brazilian assets as the group seeks to strengthen its defences against a merger proposal from Swiss rival Xstrata, the FT said on Monday.

The cost of iron ore may be determined by the more volatile spot market for some customers unless miners and Chinese steel mills reach agreement.

The Federal Government has announced a & #36;3 million bailout of car components company ACL bearings.

BREWER Lion Nathan says it and Japan’s Kirin Holdings have both received confirmation from the Australian Competition and Consumer Commission that the competition watchdog does not propose to intervene in Kirin’s acquisition of the shares in Lion Nathan that it does not already own.

CREDITORS of troubled agricultural projects manager Timbercorp have voted to have 40 companies within the group wound up.

MACQUARIE Communications Infrastructure Group (MCG) says the Canada Pension Plan Investment Board’s (CPPIB) takeover bid has received the last necessary regulatory approvals.

PRIME Minister Kevin Rudd has denied the Government has abandoned supermarket shoppers by dumping the Grocery Choice website.

AUSTRALIAN banks are bracing for further financial pain in 2009/10 with a sharp drop in earnings per share and dividends, and every chance that scrip prices will revisit their 2009 lows.