Rinehart warns of collapse in investment
Gina Rinehart has warned of a collapse in mining and other investment in Australia unless there are fundamental changes to the country’s three-tiered system of government to reduce the burden of bureaucracy. The Fin
Shell in $2.2bn energy selldown
Royal Dutch Shell last night struck a deal to sell down a $2.23 billion stake in Woodside Petroleum, spurred on by a recent run in share prices driven by rising crude oil prices. The Aus
Amazon plans $700m assault
Amazon has confirmed the fears of Australian retailers by claiming it is willing to sacrifice short-term returns to ensure long-term success as it prepares to invest $700 million here over five years. The Fin
Aldi eyes up to 100 more stores as sales top $8b
Aldi Australia is generating sales growth of more than 10 per cent in 2017 as sales push through the $8 billion mark after a revamp of its strategy to devote more space to fresh foods. The Fin
Telstra in rival bids for NBN packages
Telstra is making millions of dollars selling internet connections in direct competition to the National Broadband Network but it is legally allowed to do so because it does not advertise them as an NBN “alternative”. The Fin
$100m mining museum plan
A bold plan to create the world’s biggest and most interactive mining museum — including an actual mine shaft — has been unveiled. The West
Airport to fly high on foreigners
Surging international visitor numbers will more than compensate for WA’s sluggish economy and drive passenger growth at Perth Airport, the company that runs the operation says. The West
The Australian Financial Review
Page 1: Amazon has confirmed the fears of Australian retailers by claiming it is willing to sacrifice short-term returns to ensure long-term success as it prepares to invest $700 million here over five years.
Page 3: Gina Rinehart has warned of a collapse in mining and other investment in Australia unless there are fundamental changes to the country’s three-tiered system of government to reduce the burden of bureaucracy.
Page 7: Prime Minister Malcolm Turnbull and senior ministers on both sides have rejected a push by conservatives to include sweeping religious protections into laws legalising same-sex marriage bill. They said WA Liberal Dean Smith’s more restrained bill will be the starting point for negotiations.
Page 8: Reserve Bank deputy governor Guy Debelle has expressed confidence that a long strike in non-mining business investment has broken and that Australia will join the gathering global upswing.
Page 13: Uber Technologies approved SoftBank Group’s offer to buy a multibillion-dollar stake in the ride-hailing company, setting the stage for one of the largest private startup deals ever.
Page 15: Veteran tech investor Bobby Yazdani says the community shouldn’t just look at artificial intelligence with concern, arguing breakthroughs in sectors such as healthcare and food could change society for the better.
Page 17: Aldi Australia is generating sales growth of more than 10 per cent in 2017 as sales push through the $8 billion mark after a revamp of its strategy to devote more space to fresh foods.
The Australian
Page 2: Wealthy independent schools will be overfunded by billions of dollars over the next decade due to serious flaws in the Turnbull government’s funding system, a new report will argue today.
Thirty lenders have cut their home loan rates for owner occupiers since the start of October as banks and financiers compete more fiercely in the slowing property market.
Page 4: Telstra is making millions of dollars selling internet connections in direct competition to the National Broadband Network but it is legally allowed to do so because it does not advertise them as an NBN “alternative”.
Page 17: Royal Dutch Shell last night struck a deal to sell down a $2.23 billion stake in Woodside Petroleum, spurred on by a recent run in share prices driven by rising crude oil prices.
Future Fund chairman Peter Costello’s suggestion that the fund could manage the $600 billion default superannuation sector should be a wake-up call for the sector, Challenger executive Jeremy Cooper said yesterday.
The West Australian
Page 3: Fewer than one in 10 teenage girls in WA are getting enough exercise, while half spend more than four hours a day staring at screens for fun, according to a study.
Page 5: A bold plan to create the world’s biggest and most interactive mining museum — including an actual mine shaft — has been unveiled.
Page 18: Surging international visitor numbers will more than compensate for WA’s sluggish economy and drive passenger growth at Perth Airport, the company that runs the operation says.
Page 20: AFL legend Kevin Sheedy says WA missed out on a multimillion dollar payback for money spent on the new Perth Stadium by not demanding a State of Origin return as a blockbuster venue opener.
Business: The $1 billion-plus that US energy company Hess lost on Equus may work out as a gain for a new WA company which has acquired the offshore gas project.
The WA owners of amusement arcade group Timezone are tapping private equity to capture a growth wave from families chasing new forms of entertainment.
Altura Mining will expedite plans to double the capacity of its Pilgangoora lithium project 120km south of Port Hedland on the back of burgeoning demand for its product.
MACA’s shares have been hit hard after the mining and civil contractor issued an earnings downgrade, blaming underperforming projects in two businesses acquired last year.
