27/10/2017 - 06:41

Morning Headlines

27/10/2017 - 06:41

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Morning Headlines

Eagles kick off AFL at stadium

West Coast chief executive Trevor Nisbett last night hailed the AFL decision to award the Eagles the first ever game for premiership points at the new Perth Stadium, declaring it a reward for fans who have backed the club through its 31-year history. The West

 

Hot air slows Gorgon trains

Too much hot air around the LNG trains on Barrow Island has caused Chevron to flag a production cut at Gorgon as the US giant tackles problems onshore and offshore 19 months after the $US54 billion project’s maiden cargo. The West

 

Young rich take success global

The 100 most successful young Australian entrepreneurs on the 2017 Financial Review Young Rich List are worth a record $13.2 billion, as they rip up traditional business models, bypass the usual sales channels and take their companies and brands to the world. The Fin

 

Cash staves off calls to quit

Employment Minister Michaelia Cash is staving off calls for her resignation while at the same time requesting the Australian Federal Police to investigate the original source of a leak which led to the media being alerted to Tuesday’s union raids. The Fin

 

Woolworths denies Myer interest

South African retailer Woolworths has denied reports it was considering a takeover of Myer around the time Solomon Lew’s Premier Investments outlaid $101 million for a 10.8 per cent blocking stake. The Fin

 

Consumers upbeat over State economy

Consumer confidence among the State’s shoppers has hit its highest level in three years as concerns about local politics give way to day-to-day living costs. The West

 

TV knew of raids before Cash leak

Major television networks received a tip-off about the Australian Workers Union raids ahead of a separate leak from the office of Employment Minister Michaelia Cash. The Aus

 

Elliott wary as ANZ profit surges 18pc

ANZ chief executive Shayne Elliott is increasingly optimistic about the economy, but has pledged to “run the bank cautiously” in the face of surging household debt and stalled wage growth. The Aus

 

Gaines’ chance to shine at FMG

Fortescue Metals Group’s chief financial officer since February, Elizabeth Gaines, will get her chance to shine in the coming months as the company gears up for a potential $US2 billion-plus ($2.6bn) debt refinancing. The Aus

 

The Australian Financial Review

Page 1: The 100 most successful young Australian entrepreneurs on the 2017 Financial Review Young Rich List are worth a record $13.2 billion, as they rip up traditional business models, bypass the usual sales channels and take their companies and brands to the world.

Jamie Dimon, the global chairman and chief executive of JPMorgan Chase, has warned Australia about the long-term implications of having an ‘‘uncompetitive’’ corporate tax rate.

P3: Employment Minister Michaelia Cash is staving off calls for her resignation while at the same time requesting the Australian Federal Police to investigate the original source of a leak which led to the media being alerted to Tuesday’s union raids.

P4: Outgoing corporate regulator Greg Medcraft says he ‘‘is not finished yet’’ with an investigation into disclosure concerns around Rio Tinto’s failed $US3.7 billion ($4.7 billion) investment in a Mozambique coal project, and suggested they allowed regulators in the United States and Britain to act first against the miner because they had more powers and could issue higher fines but to ‘‘watch this space’’.

P5: ‘My dream for Crown to be a global brand failed’ James Packer conceded publicly for the first time that his decade-long dream to make Crown Resorts a global brand had failed but boasted that at least it had made about $2 billion.

P12: Treasury officials have confirmed the states were not consulted over a new Commonwealth-state housing agreement, setting the scene for a tense meeting on Friday between federal Treasurer Scott Morrison and his state counterparts.

P17: ANZ has received a lukewarm reception for its $6.9 billion cash profit as analysts and investors raised questions about the composition of the result and the outlook for growth.

P19: South African retailer Woolworths has denied reports it was considering a takeover of Myer around the time Solomon Lew’s Premier Investments outlaid $101 million for a 10.8 per cent blocking stake.

The Australian

Page 1: Malcolm Turnbull is staring down demands that he sack a cabinet minister over this week’s police raids on Bill Shorten’s former union, as the government braces for a crucial High Court decision today that could force it to a snap by-election.

They reserve their passion for country music in Tamworth, not politics, but if the High Court finds against Barnaby Joyce today the players are ready for a by-election that promises to be like no other.

P2: Aged-care providers and federal regulators enter accreditation reviews with an “expectation” there will be no safety or quality lapses, explaining why so few nursing homes fail audits, a report into the nation’s quality agency has found.

P4: Major television networks received a tip-off about the Australian Workers Union raids ahead of a separate leak from the office of Employment Minister Michaelia Cash.

P19: ANZ chief executive Shayne Elliott is increasingly optimistic about the economy, but has pledged to “run the bank cautiously” in the face of surging household debt and stalled wage growth.

P20: Fortescue Metals Group’s chief financial officer since February, Elizabeth Gaines, will get her chance to shine in the coming months as the company gears up for a potential $US2 billion-plus ($2.6bn) debt refinancing.

P23: Origin Energy and its Australia Pacific LNG plant have earmarked more Queensland coalseam gas for domestic markets, in a move for which the federal government has been quick to take credit.

The West Australian

Page 3: Consumer confidence among the State’s shoppers has hit its highest level in three years as concerns about local politics give way to day-to-day living costs.

P5: West Coast chief executive Trevor Nisbett last night hailed the AFL decision to award the Eagles the first ever game for premiership points at the new Perth Stadium, declaring it a reward for fans who have backed the club through its 31-year history.

P6: Federal Employment Minister Michaelia Cash has resisted calls to resign after one of her senior advisers admitted tipping off the media about police raids on the Australian Workers Union.

P14: Premier Mark McGowan has major concerns about the Commonwealth’s historic redress scheme for victims of child sexual abuse, saying some “critical problems and disincentives” are preventing WA from opting in.

P18: Mark McGowan has told regional councils the State Government will not pay cripplingly high upkeep costs for extravagant projects built under the previous government’s Royalties for Regions fund.

P58: Too much hot air around the LNG trains on Barrow Island has caused Chevron to flag a production cut at Gorgon as the US giant tackles problems onshore and offshore 19 months after the $US54 billion project’s maiden cargo.

The family behind the Diggers and Dealers Mining Forum will pass the baton on to new owners, the first change of control for Australia’s premier resources conference .

Evolution’s Mungari operation west of Kalgoorlie-Boulder reveals global investors have an “incorrect perception” of Australia’s prospects for significant new gold discoveries.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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