01/11/2017 - 06:42

Morning Headlines

01/11/2017 - 06:42

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Iron ore market doesn’t warrant extra supply: Fortescue

Fortescue Metals Group believes iron ore demand does not warrant further expansion of supply, despite Australia’s biggest iron ore exporter discussing production growth in recent weeks. The Fin

Unions cash in on wages

Unions will target Federal WA frontbencher Michaelia Cash in some of the State’s most marginal government-held Federal seats as they try to ramp up concerns about flagging wages. The West

Claremont gets $85m aged-care

LandCorp has unveiled plans for an $85 million multi-storey agedcare and seniors accommodation centre at its urban infill success story Claremont on the Park, just across the road from Claremont train station. The West

Roy Hill plans driverless trucks

Gina Rinehart’s $10 billion Roy Hill iron ore mine in Western Australia plans to start using driverless mining trucks in the second half of next year, as it looks to increase eventual capacity beyond its present plans of 55 million tonnes a year. The Aus

Australia Post set to partner with Amazon

Australia Post’s new chief executive Christine Holgate has confirmed the mail carrier is in advanced talks with online retail juggernaut Amazon to provide the US group’s express delivery services but doesn’t want to put all her eggs in the Amazon basket. The Fin

Woolworths’ sales figures best in 10 years

Woolworths has delivered what analysts have described as its best set of numbers in 10 years after taking share off Coles and independents and showing the first green shoots at BIG W. The Fin

Westpac in so deep it ‘fixed rate pricing’

Westpac was so financially exposed to a benchmark interest rate that it chose to manipulate the pricing instead of allowing the rate to emerge from legitimate trading in the bank bill market, the Australian Securities & Investments Commission has said. The Aus

Electric cars drive Fortescue’s lithium push

The nation’s lithium boom is gathering pace, with iron ore giant Fortescue Metals flagging it will drill for the battery mineral and analysts expecting global demand to rise like it did for iron ore at the start of China’s industrialisation last decade, when mine supply struggled for years to catch up. The Aus

 

 

The Australian Financial Review

Page 1: A fresh cloud of suspicion hangs over federal Parliament after Liberal Senate President Stephen Parry reignited the citizenship fiasco by revealing he could be a dual British citizen and may have to resign.

Page 3: Australia Post’s new chief executive Christine Holgate has confirmed the mail carrier is in advanced talks with online retail juggernaut Amazon to provide the US group’s express delivery services but doesn’t want to put all her eggs in the Amazon basket.

Page 8: Mining billionaire Andrew Forrest has savaged the gambling industry and its impact on families while calling for a shake-up of GST distribution.

Page 9: Australian Competition and Consumer Commission chairman Rod Sims said funding NBN’s unprofitable fixed wireless and satellite business via the budget makes sense if proposed changes to National Broadband Network advertising standards and price changes don’t improve end user results.

Page 10: Home-sharing platform Airbnb has come out in support of a limit on the number of days an investment property can be rented, a ‘‘three-strikes-and-you’re-out’’ system and strata revenue sharing in NSW, as it seeks to avoid a tougher regulatory crackdown by the NSW government.

Page 15: Woolworths has delivered what analysts have described as its best set of numbers in 10 years after taking share off Coles and independents and showing the first green shoots at BIG W.

Fortescue Metals Group believes iron ore demand does not warrant further expansion of supply, despite Australia’s biggest iron ore exporter discussing production growth in recent weeks.

 

 

The Australian

Page 2: Former Labor leader Mark Latham plans to turn defamation proceedings that have been launched against him into a test case on whether those who criticise white people can legitimately be described as racists.

Page 4: The campaign for same-sex marriage has gained ground in the final weeks of the postal survey on the contentious reform, with support climbing from 59 to 62 per cent among those who have already cast their votes.

Page 6: The national building watchdog has recorded a $3.4 million operating loss, spending $1.2m on travel and blowing out legal advice costs to almost $11m in just a year.

Page 17: Westpac was so financially exposed to a benchmark interest rate that it chose to manipulate the pricing instead of allowing the rate to emerge from legitimate trading in the bank bill market, the Australian Securities & Investments Commission has said.

The nation’s lithium boom is gathering pace, with iron ore giant Fortescue Metals flagging it will drill for the battery mineral and analysts expecting global demand to rise like it did for iron ore at the start of China’s industrialisation last decade, when mine supply struggled for years to catch up.

Page 19: The Australian Competition & Consumer Commission is gearing up for an uptick in merger activity in the media sector, with chairman Rod Sims warning that the growing influence of Facebook and Google is hurting media diversity.

Page 20: Gina Rinehart’s $10 billion Roy Hill iron ore mine in Western Australia plans to start using driverless mining trucks in the second half of next year, as it looks to increase eventual capacity beyond its present plans of 55 million tonnes a year.

Page 21: Official data released by the Australian Prudential Regulation Authority yesterday show owner-occupier loans grew 0.5 per cent over September to $1.03 trillion.

 

 

The West Australian

Page 5: Qantas’ first Boeing 787-9 Dreamliner will make its maiden flight to Perth today, touching down about 6.40pm. The 787, named Great Southern Land, will arrive on flight QF481 from Melbourne before heading back east tomorrow.

Page 11: Netflix has announced it is cancelling its flagship television series House of Cards a day after allegations that Kevin Spacey sexually harassed a teenage boy.

Page 16: Unions will target Federal WA frontbencher Michaelia Cash in some of the State’s most marginal government-held Federal seats as they try to ramp up concerns about flagging wages.

Page 18: The world’s biggest floating entertainment venue has been given a liquor licence to operate off Elizabeth Quay and off Coogee and Port beaches.

Page 21: Homes in Perth’s most affluent suburb of Peppermint Grove are the city’s biggest water guzzlers, with average water use almost four times higher than some inner-city postcodes.

Business: While most of WA’s battery raw materials such as lithium, nickel and cobalt are shipped as ore or concentrate, several companies have recently announced plans to move further down the supply chain to produce higher-value products.

Quintis is closing in on a recapitalisation and a likely debt-for-equity swap that would avert financial collapse and have the sandalwood trader emerge from its long share-trading suspension early next year.

Property: LandCorp has unveiled plans for an $85 million multi-storey aged care and seniors accommodation centre at its urban infill success story Claremont on the Park, just across the road from Claremont train station.

GDI Property Group has started work on a $30 million overhaul of its newly purchased Westralia Square.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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