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Today's business headlines - updated
2006-10-01
China yesterday joined the global push for a crackdown against hedge funds amid growing concerns the unregulated $2.25 trillion industry poses a growing risk to the world's financial markets. PMA closer to cash for Windimurra reopening Vanadium hopeful Precious Metals Australia expects to lock in the outstanding cash it needs to reopen the WIndimurra vanadium project within two months, after Hong Kong trader Noble Group formally injected almost $22 million into the venture yesterday. Woodside seeks to sack board of US bid target Woodside Petroleum has turned up the heat in its $1.1 billion battle for US producer Energy Partners, moving to sack the entire board of the reluctant takeover target. Lask week Energy Partners formally rejected Woodside's $US23 ($30.35)-a-share cash offer as cheap, and said shareholders woudl be better off endorsing the company's planned $US2.2 billion merger with debt-laden neighbour Stone Energy....
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