16/08/2017 - 06:48

Morning Headlines

16/08/2017 - 06:48

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Iluka revealed its own bribery scandal

A secret inquiry by listed Australian miner Iluka Resources has embroiled a leading Sierra Leone presidential candidate, a cabinet minister and high ranking officials in an international bribery scandal. The Fin

 

Bishop accuses Shorten of trans-Tasman treason

A diplomatic spat has erupted between Australia and New Zealand after Foreign Minister Julie Bishop accused MPs across the ditch of conspiring with Labor to bring down Deputy Prime Minister Barnaby Joyce. The West

 

Pilbara job chance for Ravensthorpe workers

Workers left jobless after First Quantum Minerals announced the closure of the Ravensthorpe nickel project last week will be given an opportunity to apply for new positions at the Woodie Woodie manganese mine in the Pilbara. The West

 

One Nation media deal targets ABC

The Turnbull government’s media reforms remain on a knife edge, with key Senate crossbencher Nick Xenophon weighing up his support after One Nation clinched a deal for the biggest assault on the ABC’s independence in decades. The Fin

 

IPO of virtual currency an Australian first

PowerLedger, the Perth-based peer-to-peer energy trading company, is preparing to launch Australia’s first virtual currency IPO – an ‘‘initial coin offering’’ or ICO. The Fin

 

Trump’s bid for Sydney casino killed off by his ‘mob connections’

Donald Trump’s plan to build and operate Sydney’s first casino was killed off in 1987 by the NSW government on the back of a highlevel police report that warned against the now-US President’s bid because of his “mafia connections’’. The Aus

 

PM seeks crossbench friends amid Joyce saga

Malcolm Turnbull has moved to shore up control of federal parliament with support from crossbenchers as he tries to fend off an aggressive Labor attack on his leadership and accuses Bill Shorten of engaging in a “conspiracy” to topple the government. The Aus

 

ANZ to overhaul staff pay structure

Frontline staff at ANZ face a dramatic overhaul in the way they are paid, after chief executive Shayne Elliott outlined his company’s response to the latest string of scandals in the financial services industry. The Aus

 

Retailers trigger Hay Street mall resurgence

Hay Street mall has put months of CBD retail lethargy behind it with three high-profile deals signalling the start of a city turnaround. The West

 

The Australian Financial Review

Page 1: The Turnbull government’s media reforms remain on a knife edge, with key Senate crossbencher Nick Xenophon weighing up his support after One Nation clinched a deal for the biggest assault on the ABC’s independence in decades.

A secret inquiry by listed Australian miner Iluka Resources has embroiled a leading Sierra Leone presidential candidate, a cabinet minister and high ranking officials in an international bribery scandal.

P4: The Reserve Bank of Australia shows signs of becoming less confident house price growth will cool enough for its liking, say economists, after it warned that households are still borrowing faster than their incomes are rising.

P6: The government has soured relations with New Zealand and its own internal morale is collapsing after attempts to deflect criticism of Deputy Prime Minister Barnaby Joyce backfired.

P7: PowerLedger, the Perth-based peer-to-peer energy trading company, is preparing to launch Australia’s first virtual currency IPO – an ‘‘initial coin offering’’ or ICO.

P8: Ross McEwan, Craig Drummond and Rob Whitfield have been mentioned as potential successors to outgoing Ian Narev as the Commonwealth Bank board begins its search for a new chief executive.

P15: An ‘‘embarrassed’’ Domino’s Pizza Enterprises chief Don Meij will attempt to repair confidence in the fast-food giant’s growth prospects by ramping up investment in new stores, menus and technology in Australia and overseas, while searching for acquisitions.

P17: National Broadband Network chief executive Bill Morrow says the government-owned company needs to lift its game and improve end-user experience and particularly connection times.

 

The Australian

Page 1: Donald Trump’s plan to build and operate Sydney’s first casino was killed off in 1987 by the NSW government on the back of a highlevel police report that warned against the now-US President’s bid because of his “mafia connections’’.

A deal to help future-proof the nation’s media companies and protect jobs could be secured within days after the Turnbull government won support from Pauline Hanson’s One Nation in exchange for strict new oversight measures for the ABC.

Malcolm Turnbull has moved to shore up control of federal parliament with support from crossbenchers as he tries to fend off an aggressive Labor attack on his leadership and accuses Bill Shorten of engaging in a “conspiracy” to topple the government.

P2: The construction union has failed to overturn a workplace agreement struck by property giant Lendlease that complies with the new national building code.

P3: Clive Palmer may have “invented” pencil-written evidence in his diary to justify ripping millions of dollars out of Queensland Nickel before its collapse, taxpayerfunded liquidators allege.

P4: More than 80 per cent of National Broadband Network users have opted for the two lowest speed packages, blowing a hole in claims customer dissatisfaction has been driven by the Coalition’s cheaper fibre-to-the-node rollout.

P5: A former independent candidate caught up in a 1990s High Court case examining the issue of dual citizenship for MPs has blasted the current crop of politicians for having “scant regard” for the court’s ruling on the Constitution.

P8: The Reserve Bank has enshrined rising household debt as a major area of concern in its latest public statement, fuelling expectations interest rates might rise sooner than expected if households keep borrowing at current rapid rates.

P17: Once again these are interesting times for those in the executive ranks of John Neal’s $16 billion insurance behemoth QBE.

Frontline staff at ANZ face a dramatic overhaul in the way they are paid, after chief executive Shayne Elliott outlined his company’s response to the latest string of scandals in the financial services industry.

 

The West Australian

Page 3: The Federal Government is looking to hire private-sector computer specialists as army reservists to boost the Australian Defence Force’s cyber warfare capability.

P4: A diplomatic spat has erupted between Australia and New Zealand after Foreign Minister Julie Bishop accused MPs across the ditch of conspiring with Labor to bring down Deputy Prime Minister Barnaby Joyce.

P7: One of Perth’s biggest private hospitals has blamed a downturn in the WA economy for a decision to reduce services and make some staff redundant.

P11: The Department of Corrective Services has been ordered to reinstate a senior bureaucrat who was sacked in 2015 after being wrongfully accused of “corruptly” ordering new curtains valued at $6700 for her workplace.

P16: The Cottesloe-Claremont area is the apartment centre of the country, with a report showing record levels of townhouses and apartments going up.

P17: The pay of ABC stars will be revealed under a deal with Pauline Hanson’s One Nation that edges the Federal Government closer to passing its sweeping media reforms.

P18: More than $12 million in government revenue has been wiped out by police industrial action, according to figures released by the WA Police Union.

P19: WA’s soaring State debt could take a $1 billion hit as a result of the rush to build wind, solar and wave farms under the Federal Government’s green energy target, according to the State Opposition.

P27: Workers left jobless after First Quantum Minerals announced the closure of the Ravensthorpe nickel project last week will be given an opportunity to apply for new positions at the Woodie Woodie manganese mine in the Pilbara.

P29: A tax partner who broke the glass ceiling at PwC’s local practice 13 years ago has been named as the next head of the firm’s Perth office.

P63: Hay Street mall has put months of CBD retail lethargy behind it with three high-profile deals signalling the start of a city turnaround.

InterContinental, the longest running global luxury hotel brand, is on the cusp of revealing the spoils of a $70 million overhaul when it opens its Perth flagship in mid-October.

P65: A vacant 2.62ha Kwinana Beach industrial property with development potential will be auctioned on site. Colliers International selling agents Justin Mabarrack and Greg O’Meara said 1 Butcher Street is on a high-profile site in WA’s largest industrial precinct, with a 180m frontage to Mandurah Road. 

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