Rio chief-in-waiting plays down expansion
Rio Tinto’s incoming chief executive Jean-Sebastien Jacques has put paid to suggestions his appointment represents a shift to expansion at the mining giant, after a series of ill-fated acquisitions and the worst commodities rout in decades resulted in three years of aggressive cost cutting. The Fin
Firm loses landfill levy fight
The Barnett Government stands to reap tens of millions of dollars after a private company lost a long-running legal battle against paying the landfill levy. The West
Barnett to reshuffle cabinet decks after poll dip
Western Australian Premier Colin Barnett has signalled that a major cabinet reshuffle, due as early as next week, is part of a strategy to win back government for the Liberal Party at the state election. The Aus
Hip-pocket pain for thousands as low interest rates ignored
Thousands of pensioners face losing hundreds of dollars a year after the Federal Government refused to take into account record low interest rates when assessing Centrelink payments. The West
News, Telstra discuss Foxtel and Fox Sports merger
Foxtel and Fox Sports could be merged ahead of a multi-billion dollar initial public offering of most of Telstra’s stake in a combined pay TV behemoth in the second half of 2016 under a deal being discussed by Foxtel’s 50: 50 shareholders Telstra and News Corp. The Fin
Watch on TPG for clues to iiNet result
TPG Telecom is tomorrow due to release its first set of half-year results since the takeover of Perth internet provider iiNet last July. The West
Union threat to $48b NT gas project
Unions are preparing to ramp up a campaign for about 30 per cent more time off at Inpex Corp’s Ichthys liquefied natural gas project in northern Australia, which could send one of the most costly energy projects in Australian history even further over budget. The Fin
The Australian Financial Review
Page 1: Unions are preparing to ramp up a campaign for about 30 per cent more time off at Inpex Corp’s Ichthys liquefied natural gas project in northern Australia, which could send one of the most costly energy projects in Australian history even further over budget.
The corporate regulator will accuse the banks and big business in general of failing to fix fundamental flaws that have led to a string of corporate scandals.
Page 5: There’s good news for farmers, gas producers and even coal miners and bad news for iron ore producers in a new paper that projects changes in the export mix as China moves from investment to consumption-led growth.
Page 9: Australian workers love escaping their office cubicles, with more than two-thirds finding business trips more enjoyable than everyday working life.
Page 13: The Productivity Commission will examine whether big banks should be forced to share more data on customer transactions with fintech startups and other potential competitors.
Former David Jones boss Mark McInnes is in talks with his former bitter rival Myer about opening more Peter Alexander mini-outlets inside the improving department store chain.
Page 15: Rio Tinto’s incoming chief executive Jean-Sebastien Jacques has put paid to suggestions his appointment represents a shift to expansion at the mining giant, after a series of ill-fated acquisitions and the worst commodities rout in decades resulted in three years of aggressive cost cutting.
Page 17: William Blair has become the latest US-based firm to enter the Australian investment banking industry after striking a partnership with local boutique Allier Capital.
Page 18: The newly appointed chief executive of 7-Eleven believes workers are still being ripped off in some of the embattled chain’s stores but has vowed to take action wherever wage fraud is discovered.
Foxtel and Fox Sports could be merged ahead of a multi-billion dollar initial public offering of most of Telstra’s stake in a combined pay TV behemoth in the second half of 2016 under a deal being discussed by Foxtel’s 50: 50 shareholders Telstra and News Corp.
Page 29: China’s Dalian Wanda Group will put hundreds of millions of dollars behind FIFA, becoming the first big sponsor for the soccer body since a criminal corruption scandal overwhelmed the organisation and led to the ouster of long-time president Joseph ‘‘Sepp’’ Blatter.
Page 31: Foxtel is considering putting Netflix on its forthcoming Apple TV-style streaming device as part of concerted efforts to neutralise the threats posed by the US streaming giant.
The Australian
Page 1: Malcolm Turnbull’s approval rating as Prime Minister has fallen into negative territory for the first time but voters still rank him overwhelmingly as the best leader to manage the economy and deliver tax reform, and expect him to win this year’s election.
Page 4: Weak wage growth threatens to add another $3 billion to this year’s budget deficit and casts a shadow over Treasury forecasts that individual tax payments will leap by $40bn a year over the next three years and narrow the budget deficit.
Page 6: Hundreds of Stolen Generations and other Aboriginal child-abuse survivors could end up suing the commonwealth for many tens of millions of dollars due to its responsibility for kids sent to Northern Territory missionary homes prior to self-government, making it an attractive “deep-pocketed” litigant.
Western Australian Premier Colin Barnett has signalled that a major cabinet reshuffle, due as early as next week, is part of a strategy to win back government for the Liberal Party at the state election.
Page 17: The banking regulator has thrown fresh tinder on the regulatory fire that has crimped shareholder returns and led to higher interest rates for borrowers, reminding the big banks that mortgage capital requirements may be further increased.
Page 19: A Senate report into co-operative and mutual enterprises has strongly backed the lifting of restrictions on capital raising, allowing billions of dollars of fresh investment to flow into the sector.
Global hotel reviewer TripAdvisor has finally introduced instant hotel bookings and confirmation options to its Australian site, but the tourism industry is questioning whether it is suffering at the hands of fast-growing accommodation rental site, Airbnb.
Page 25: A top executive at Google News has dismissed suggestions the search giant should pay publishers a negotiated fee for the redistribution of articles and intellectual property despite admitting the future of high-quality journalism is at risk.
The West Australian
Page 1: Thousands of pensioners face losing hundreds of dollars a year after the Federal Government refused to take into account record low interest rates when assessing Centrelink payments.
Page 3: Apple is heading back to the future with its latest phone — a small four-inch model known as the iPhone SE.
Page 4: A State Government staff freeze has exposed WA to disease outbreaks that could devastate the livestock industry and also threatens vital grains research, according to Agriculture Minister Ken Baston.
Page 5: Geraldton is firming as the first trial site for the Federal Government’s cashless welfare card where the majority of welfare recipients are non-indigenous.
Page 14: Less than one per cent of WA childcare centres operate outside standard business hours, making it almost impossible for some working parents to find care for their children.
Business: The Barnett Government stands to reap tens of millions of dollars after a private company lost a long-running legal battle against paying the landfill levy.
New images of the proposed redevelopment of Claremont Oval have been revealed — one of a number of proposed urban redevelopments which combine Perth’s love of sport with a thirst for luxury living.
TPG Telecom is tomorrow due to release its first set of half-year results since the takeover of Perth internet provider iiNet last July.
