BREAKFAST DEALS: Rio fundraiser

Rio Tinto gets busy preparing coal assets for sale, while sunny sentiment might help Suncorp out of its 'bad bank' situation.

Rio Tinto is hopping to it when it comes to divesting coal assets in Queensland and New South Wales – Sam Walsh isn’t hesitating in the chief executive’s chair. Suncorp is reportedly in a good position to sell off its ‘bad bank’ – if only Billabong International were so blessed. Meanwhile, Qantas Airways is getting on with the job in China with Europe sorted, and S&P’s hybrid rethink is causing headaches for a number of big Aussie corporates.

Rio Tinto

Rio Tinto chief executive Sam Walsh isn’t wasting any time getting the miner’s balance sheet in order, with up to $3 billion in coal assets up for sale.

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