Sydney Morning Herald
BBY analyst Mike Harrowell said ''the penny was dropping'' among investors about Fortescue's precarious position. If Fortescue breached its loan agreements, all of its debt, about $9 billion gross, would be payable immediately. ''Once you're in...
Australian Broadcasting Corporation
The All Ordinaries slipped 0.5 per cent to close at 4,360, while the ASX 200 matched that fall, down to 4,339. Fortescue Metals dived nearly 14 per cent just before the close of trade amid reports it has asked its lenders for relief from its debt...