09/11/2017 - 06:33

Morning Headlines

09/11/2017 - 06:33

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Morning Headlines

600 ship jobs could go: Austal

Perth shipbuilder Austal is warning it could have to walk away from Australia — and axe 600 jobs at the Henderson shipyards — if it fails to win a $3 billion military shipbuilding project. The West

Gold still in Wyatt’s sights for Budget fix

Labor is again looking to WA’s gold sector for Budget repair, with Treasurer Ben Wyatt revealing the State Government is considering new options to force the industry to make a contribution to fix the State Budget. The West

FMG opts for Eliwana to open up west Pilbara

Fortescue Metals Group has opted for a $US1.5 billion development of its Eliwana deposit to replace the depleting Firetail mine as part of a long-term plan to open up its massive landholdings in the west Pilbara. The West

Leaders bicker over crisis

The citizenship crisis consuming federal politics has worsened, with Malcolm Turnbull and Bill Shorten failing to agree on a solution and Labor under mounting pressure to refer two of its own MPs to the High Court. The Fin

Abuse ruling faces challenge from South32

South32 confirmed on Wednesday it had appealed Commissioner Bernie Riordan’s decision and sought a stay of orders to reinstate Construction, Forestry, Mining and Energy Union lodge president Matthew Gosek by Friday. The Fin

Telstra to refund for NBN failures

Telstra will offer refunds to up to 42,000 customers on its national broadband network plans, who paid for so-called ‘‘speedboost’’ services that could not be achieved on their internet connections. The Fin

Rio Tinto tight-lipped on reports of lithium bid

Rio Tinto is tight-lipped over reports it is weighing an investment in a major producer of fertiliser and lithium products.

 

 

The Australian Financial Review

Page 1: The citizenship crisis consuming federal politics has worsened, with Malcolm Turnbull and Bill Shorten failing to agree on a solution and Labor under mounting pressure to refer two of its own MPs to the High Court.

Page 3: South32 confirmed on Wednesday it had appealed Commissioner Bernie Riordan’s decision and sought a stay of orders to reinstate Construction, Forestry, Mining and Energy Union lodge president Matthew Gosek by Friday.

Page 4: If the Turnbull government ends up fighting for survival in by-elections triggered by the dual citizenship crisis, then voters in Bennelong and Chisholm may have a better understanding than most of how vexed the issue can be.

Page 6: Attempts by Treasurer Scott Morrison to re-release Treasury modelling to reinvigorate Senate support for the government’s corporate tax cuts are set to fail with only a handful of weeks left in the legislative year.

Page 7: In a speech to the National Press Club, CSIRO chief executive Larry Marshall challenged business to do more to commercialise breakthroughs and take investment risks to deliver a science and technology-led economic boost.

Page 8: Telstra will offer refunds to up to 42,000 customers on its national broadband network plans, who paid for so-called ‘‘speedboost’’ services that could not be achieved on their internet connections.

Page 19: Solomon Lew wants to appoint former Myer Grace Bros managing director Terry McCartney, former banker Tim Antonie and property guru Stephen Sewell to the board of struggling retailer Myer.

Page 21: Fortescue Metals Group chairman Andrew Forrest has linked the price chasm between high and low-grade iron ore to the power of Chinese President Xi Jinping as the company accelerates efforts to find new markets.

Page 24: Rio Tinto is tight-lipped over reports it is weighing an investment in a major producer of fertiliser and lithium products.

 

 

The Australian

Page 1: US company tax cuts will accelerate the slide in global business tax rates, leaving Australia stranded with the highest company rate in the advanced world and losing foreign investment.

Page 2: Telstra’s overcharging of National Broadband Network customers affects about one-fifth of all customers on high-speed plans, and rival Optus admits it has been overcharging and will be forced to provide refunds.

Page 7: Foxtel yesterday launched its Foxtel Now box that offers streaming services and live TV on television sets.

Page 17: Member-owned banks will be unshackled to lend an extra $18 billion and compete more effectively with the majors as a result of the Turnbull government’s move to accept the advice of the Hammond review and remove capital constraints on the sector.

Page 19: The Virgin Australia board has held discussions about delisting from the local bourse as Australia’s second-biggest carrier reported a rise in underlying profit for the first quarter.

Page 20: Fortescue Metals will be pushing to expand into new markets in Europe and Asia in the wake of China’s shift to use higher quality iron ore, chief executive Nev Power said.

Page 21: The expenses have blown out in part by an estimated $100 million provision for compliance and legal costs, stemming from claims the bank breached anti-money laundering legislation more than 53,000 times.

 

 

The West Australian

Page 3: Perth shipbuilder Austal is warning it could have to walk away from Australia — and axe 600 jobs at the Henderson shipyards — if it fails to win a $3 billion military shipbuilding project.

Page 4: A Federal Government crackdown on family daycare educators who fail to report income to Centrelink is on track to uncover almost $110 million in welfare overpayments.

Page 5: Trips for Lord Mayor Lisa Scaffidi to visit the City of Perth’s sister cities were not gifts because she was at no risk of being left with the bill, her legal team has argued.

Page 6: Labor is again looking to WA’s gold sector for Budget repair, with Treasurer Ben Wyatt revealing the State Government is considering new options to force the industry to make a contribution to fix the State Budget.

Page 13: Perth Airport has won a major award as the benefits of its billion-dollar upgrade result in a surge in satisfaction ratings from passengers.

Page 14: The State Government is seeking legal advice on whether religious schools should be stripped of the right to discriminate against teachers and students on the basis of their sexuality amid concerns that they may refuse to enrol children from same-sex families.

Despite Optus being Cricket Australia’s official telecommunications partner, the sport’s domestic administrators and world governing body the International Cricket Council required “clean venues” for broadcast purposes, Venues Live stadium boss Mike McKenna said.

Business: Fortescue Metals Group has opted for a $US1.5 billion development of its Eliwana deposit to replace the depleting Firetail mine as part of a long-term plan to open up its massive landholdings in the west Pilbara.

Wayne Wood, from the Australian Services Union, said yesterday he had “concerns” about moves by the McGowan Government for Synergy to partner with a Dutch infrastructure giant to bankroll its next generation of green energy projects.

Malcolm Harris and family, who own Gogo Station, have sought Environmental Protection Authority consent to develop 5000ha of irrigated farmland, plus dams and water-capture channels, internal roads and buildings.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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