Barrick workers face axe
Barrick Gold has warned its Australian workforce to expect big job losses over the coming months after cutting its local headcount by nearly 60 people and sending fresh shudders through WA's embattled precious metal sector. The West
Henry warns on growth
Former Treasury secretary Ken Henry has warned Australia is vulnerable to the downturn in the mining boom because it failed to continue with the economic reform agenda of the 1980s and 1990s. The Fin
Rudd refuses to raise leadership white flag
Kevin Rudd has rekindled his leadership ambitions just 100 days from the election by urging deflated colleagues not to raise the white flag and declining to repeat the pledge he made in March that there were no circumstances under which he would return to the top. The Fin
Leviathan partners anticipate $4.7b start-up cost
First details are emerging of the likely capital cost of Woodside Petroleum's next growth ambition, the Leviathan venture off Israel, with government sources suggesting a $US4.5 billion budget for the field's first-stage domestic gas development. The West
WA's economic woe 'a fantasy'
State Treasurer Troy Buswell has joined the Federal Treasury in saying claims that WA is in a recession are comic book-style hysteria as questions grow over the strength of the nation's economic powerhouse. The West
Top Resources Headlines
Barrick workers face axe
Barrick Gold has warned its Australian workforce to expect big job losses over the coming months after cutting its local headcount by nearly 60 people and sending fresh shudders through WA's embattled precious metal sector. The West
Newcrest shares in horror slide
The stunning share price slump of Australia's biggest goldminer, Newcrest Mining, has continued with more gloomy assessments of its investment appeal in a lower gold price environment. The Fin
Leviathan partners anticipate $4.7b start-up cost
First details are emerging of the likely capital cost of Woodside Petroleum's next growth ambition, the Leviathan venture off Israel, with government sources suggesting a $US4.5 billion budget for the field's first-stage domestic gas development. The West
Price slump puts U-miners' nerves on edge
A new wave of nervousness swept through WA's already under-pressure uranium explorers yesterday after the uranium spot price hit a four-year low. The West
Top Politics Headlines
Henry warns on growth
Former Treasury secretary Ken Henry has warned Australia is vulnerable to the downturn in the mining boom because it failed to continue with the economic reform agenda of the 1980s and 1990s. The Fin
Rudd refuses to raise leadership white flag
Kevin Rudd has rekindled his leadership ambitions just 100 days from the election by urging deflated colleagues not to raise the white flag and declining to repeat the pledge he made in March that there were no circumstances under which he would return to the top. The Fin
WA's economic woe 'a fantasy'
State Treasurer Troy Buswell has joined the Federal Treasury in saying claims that WA is in a recession are comic book-style hysteria as questions grow over the strength of the nation's economic powerhouse. The West
Catholics fear federal meddling under Gonski
The nation’s peak Catholic education body has savaged Labor’s Gonski reforms, insisting the legislation be radically altered to rule out federal interference in its schools. The Aus
Top Property Headlines
Plea for extra level on new children's hospital
The state government is facing pressure to build an extra level on the new children's hospital in Nedlands because of growing concerns that its planned size will not cope with the number of sick youngsters. The West
Building report shows Perth on the boil
WA has three of Australia's top five building and population “hotspots”, according to a Housing Industry Association report. The West
The West Australian
Page 1: The state government is facing pressure to build an extra level on the new children's hospital in Nedlands because of growing concerns that its planned size will not cope with the number of sick youngsters.
Page 4: State Treasurer Troy Buswell has joined the Federal Treasury in saying claims that WA is in a recession are comic book-style hysteria as questions grow over the strength of the nation's economic powerhouse.
Treasurer Troy Buswell refused yesterday to guarantee he would deliver budget surpluses in this or following financial yeast, saying only that the government was “working very hard” to that end.
Page 5: Call dropouts, delayed messages and an inability to make calls are plaguing mobile phone users in Perth's outer suburbs, statistics reveal.
Page 6: Bosses will be ordered to advertise jobs locally before they can employ foreigners as part of the Gillard government's crackdown on alleged rorting of temporary skilled migration visas.
Page 9: Kevin Rudd provoked leadership tension last night with a television interview in which he implored Labor MPs not to raise the white flag and vigorously attacked Opposition Leader Tony Abbott.
Page 10: Virgin Australia chief executive John Borghetti has urged Perth Airport to build another runway, warning it was essential for the economy that it did not end up with the same congestion problems that plague Los Angeles International Airport.
Page 11: Big water users who draw from Perth's Gnangara groundwater system – which supplies about half the city's drinking needs – are repeatedly taking millions of litres more than allowed, figures have shown.
Page 16: WA has three of Australia's top five building and population “hotspots”, according to a Housing Industry Association report.
Business: Barrick Gold has warned its Australian workforce to expect big job losses over the coming months after cutting its local headcount by nearly 60 people and sending fresh shudders through WA's embattled precious metal sector.
First details are emerging of the likely capital cost of Woodside Petroleum's next growth ambition, the Leviathan venture off Israel, with government sources suggesting a $US4.5 billion budget for the field's first-stage domestic gas development.
Almost a third of the state's farmers say they face foreclosure if they have a poor harvest this season, according to a major new survey.
A new wave of nervousness swept through WA's already under-pressure uranium explorers yesterday after the uranium spot price hit a four-year low.
A group of WA farmers wants a permanent ban on open-air genetically modified wheat trials after a contamination scare sent shockwaves through the US grain industry.
Former state Liberal leader Matt Birney has quit as general manager of the auto parts business Covs after about a year in the job.
Resources software provider ISS Group has rejected claims by a significant shareholder that a US company's $45 million takeover offer is priced too low.
The Australian Financial Review
Page 1: Former Treasury secretary Ken Henry has warned Australia is vulnerable to the downturn in the mining boom because it failed to continue with the economic reform agenda of the 1980s and 1990s.
Kevin Rudd has rekindled his leadership ambitions just 100 days from the election by urging deflated colleagues not to raise the white flag and declining to repeat the pledge he made in March that there were no circumstances under which he would return to the top.
Page 3: Woolworths is considering challenging a decision by the competition regulator that could curtail its plans to open as many as 25 supermarkets a year.
Page 7: Holden has warned its pledge to make cars in Australia until at least 2022 hinges on a firm policy commitment from the federal Coalition to be made sooner rather than later.
Page 8: Treasury has hinted that some companies may be given scope to avoid new rules proposed to stop multinationals from loading excessive debt into Australia to slash tax bills.
Page 13: Ten Network's new chief executive, Hamish McLennan, said Tennis Australia would be “mad: not to put the rights to screen tennis to an open auction, in a further signal that the struggling network has become more aggressive in acquiring rights to popular sports.
Page 15: The stunning share price slump of Australia's biggest goldminer, Newcrest Mining, has continued with more gloomy assessments of its investment appeal in a lower gold price environment.
The Australian
Page 1: The nation’s peak Catholic education body has savaged Labor’s Gonski reforms, insisting the legislation be radically altered to rule out federal interference in its schools.
In the final days before last month’s budget, Treasury secretary Martin Parkinson took a fateful decision to leave pivotal forecasts about Australia’s export prices unchanged from months earlier, despite sharp falls in commodity markets.
Wealthy prime ministerial aspirant Clive Palmer has gone to court to challenge a capital gains tax payment of up to $90 million on the sale of West Australian iron ore mining rights to China in 2006.
Page 2: Treasury Secretary Martin Parkinson says you know a recession ‘‘ when you’ve got it’’, rejecting claims the boom state of West Australian has slid into one.
Page 4: Proposals giving unions greater ability to recruit non-union members in workplaces have passed the lower house, after independent MP Tony Windsor abstained from a key vote.
Kevin Rudd hit out last night at supporters of Julia Gillard who blame him for the government’s dire position in the polls.
Local authorities in Collie fear a hostile reaction to an incoming group of asylum-seeker families because the residents of the West Australian coalmining town were not properly consulted or given time to prepare.
Page 6: New figures show that 76 per cent of the nation’s most longterm unemployed — 86,419 people — have five or more barriers to employment.
Page 12: Perth will need to double the number of performing arts venues during the next 40 years to meet growing audience demand, according to a new survey.
Business: Fairfax Media has announced it will deliver another $60 million in cost savings this year and launched a sweeping review of its newspapers, magazines, radio stations, websites and digital products, declaring that ‘‘profitability is everything’’ as it braces for a steep fall in full-year earnings.
One of Australia’s most successful international business leaders has used an audience with Julia Gillard and senior members of the Coalition to again urge a radical change in energy policy to help underwrite Australia’s potential as an advanced manufacturing economy.
Further falls have been forecast for the Australian dollar, which yesterday dived below the US95c mark to levels not seen since October 2011.
Investors continued to pile out of Newcrest Mining yesterday, as two major broker downgrades and concerns about management outweighed an increase in gold prices.
As June 30 looms, so does the first of a string of asset sales by Rio Tinto’s new chief executive, Sam Walsh, as he sets out to rid the company of more than $US13 billion ($13.7bn) in underperforming and non-strategic assets.
Qantas has secured a powerful backer to spearhead its assault on the Chinese low-cost travel market after gambling tycoon Stanley Ho’s shipping and property company agreed to take a one-third stake in Jetstar Hong Kong.
Dourado Resources, a mining hopeful founded on the back of tenements purchased from a convicted market rigger, is fighting to remain afloat, having been served with a winding-up order by one of its suppliers.
The banks may be on the verge of cutting jobs and offshoring more roles to offset weak revenue growth, as businesses across the nation focus on costs amid political and economic uncertainty.
The Sydney Morning Herald
Page 1: Sydney high school students are selling each other dangerous synthetic drugs like the kind blamed for the death of year 12 student Henry Kwan. The NSW opposition will seek to have Finance Minister Greg Pearce referred to the privileges committee over allegations he did not disclose property ownership to parliament.
Page 2: The head of Treasury has called on the Reserve Bank to cut interest rates as the dollar continues to fall.
Page 3: Driverless trains will be introduced across parts of Sydney.
World: The Syrian regime has claimed control of Qusayr after nearly three weeks of fighting with the rebels who had held the strategic city.
Business: The Australian dollar has fallen to its lowest level in 20 months.
Sport: Parramatta Eels captain Jarryd Hayne has criticised coach Ricky Stuart over his cull of 12 players.
The Daily Telegraph
Page 1: A teenager in a synthetic drug-induced psychosis jumped from a balcony and died because he "believed he could fly", his family says.
Page 2: Prime Minister Julia Gillard's chief communications director John McTernan offered a Sydney radio presenter his services if Labor loses the federal election.
Page 3: The ABC's Bananas in Pyjamas may be under threat.
World: One of the men accused of killing UK soldier Lee Rigby has told a court he is a "soldier".
Business: The Australian dollar has plummeted below US95 cents for the first time in 18 months.
Sport: The new NRL Eels board is considering transferring games away from Parramatta Stadium to ANZ Stadium at Sydney Olympic Park.
The Age
Page 1: The Australian government has washed its hands of Julian Assange as United States prosecutors have openly targeted the WikiLeaks publisher as a conspirator engaged in espionage in the trial of US soldier Bradley Manning..
Page 3: There are more than five pieces of rubbish per person littering Australia's coastline, according to a national survey of beaches, islands and coastal plateaus.
World: The Syrian government claimed control of the strategic city of Qusayr in central Syria on Wednesday after a nearly three-week fight with rebels who had held the city for a year, a victory for President Bashar al-Assad that raised questions about what's next for the Lebanese Hezbollah militia considered key to the outcome. .
Business: The Australian dollar has undergone a fundamental correction, falling to its lowest level in 20 months as investors reassess the currency amid growing concerns about the economy.
Sport: The traditional boys-only end of season trip has been abandoned by Port Adelaide as its players continue to handle the sensitive aftermath of last year's death of teammate John McCarthy.
The Herald Sun
Page 1: Thousands of prisoners have become eligible for remissions because of industrial action by warders. A baby taken on a wild ride by a carjacker has been re-united with his stricken mother. Kevin Rudd says federal Labor has a strong case for re-election and should not be hauling up the white flag.
Page 2: The Napthine government will seek major penalties against the construction union over its blockade of the Myer Emporium site. Victoria lost more working days to strike action than any other state in the first three months of this year. News Limited has announced changes to The Herald & Weekly Times Board following the retirement of three longstanding directors, Mr Julian Clarke (chairman), Mrs Janet Calvert-Jones, and Mr Reg Cordina.
Page 3: Thousands of jailed criminals have become eligible for remissions because of industrial action by warders in the past two years. Petrol prices have been tipped to rise in coming weeks after the Australian dollar last night collapsed to its lowest level in 2 years. .
World: Turkey was not a second-class democracy, its government said, even as police teargassed protesters who massed in the streets to demand Recep Tayyip Erdogan quit as PM.
Business: The Australian dollar has tumbled to its lowest level in 20 months and the share market continues to slide amid growing fears about the economic outlook.
Sport: Essendon has chosen tonight's MCG blockbuster against bitter rival Carlton to unleash Joe Daniher.