Write-downs

RECENT NEWS
The Australian  Oct 31  Comment 
RIO TINTO looks set to take a $US2.5 billion writedown on its huge but troubled copper project in Mongolia.
Wall Street Journal  Oct 23  Comment 
Rio Tinto PLC extended the tenure of chief executive Sam Walsh, rewarding him for restoring capital discipline to the iron-ore miner after a run of hefty write-downs from soured acquisitions.
The Australian  Oct 22  Comment 
HEALTH goods supplier Australian Pharmaceutical Industries is confident of stronger earnings after asset writedowns helped push it into the red.
The Australian  Oct 20  Comment 
AUSDRILL’S shares fell to their lowest level in almost five years as it reversed profit growth guidance and flagged writedowns.
Financial Times  Oct 19  Comment 
Landesbanken concerned over writedowns of lenders’ portfolios of shipping assets
The Australian  Oct 9  Comment 
NAB chief Andrew Thorburn has bitten the bullet and will raise $800m in equity after clearing the deck with $1.3 billion of writedowns and impairments.
The Economist  Oct 7  Comment 
THE International Monetary Fund has just released the full update to its fall World Economic Outlook, which includes its latest forecast for global growth. The picture is not pretty: Back in January the IMF thought the world might manage...




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