29/11/2017 - 06:45

Morning Headlines

29/11/2017 - 06:45

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Morning Headlines

Mine law needs Federal fix

Commonwealth legislation is needed to protect mining tenements imperilled by a recent decision of the High Court which Mines Minister Bill Johnston has labelled the biggest issue confronting the WA mining sector. The West

Expansion on cards for desal plant

An expanded Kwinana desalination plant is shaping up as Perth’s next major water source after the Water Corporation spent $30 million buying land next to the facility. The West

BHP to slash unit costs amid inflation pressure

BHP Billiton believes unit costs at its Australian mines can be reduced by a further 10 per cent despite conceding that ‘‘inflationary pressures’’ were rising in the local sector. The Fin

Telstra supports NBN delays, despite revenue hit

Telstra chief executive Andy Penn has warned NBN Co must deliver a workable solution in its pricing review to make the project sustainable in the long term, but backed its costly decision to halt work on the HFC part of the network. The Fin

Davis out of running for Rio Tinto chairman role

Mick Davis isn’t being considered for the chairman job at Rio Tinto Group after shareholders revolted against his candidacy. The Fin

Fears mega-union will spur prices blowout

The merger of the nation’s two most militant unions will hand them an industrial monopoly over the nation’s supply chain from pit to port, employers have claimed, warning the amalgamation will increase shipping costs and drive up prices for consumers. The Aus

CCI WA cuts to contain losses

The Chamber of Commerce and Industry WA has suffered its second consecutive loss as it cuts expenditure to match plunging revenue, sells businesses and draws down its cash reserves to, like its members, adjust to the reality of post-boom WA. The West

 

 

 

The Australian Financial Review

Page 1: The Greens have threatened to withhold their support for the Nationals’ commission of inquiry into the financial services sector, claiming its motivation is more about damaging Malcolm Turnbull than the banks and that its terms of reference do not go far enough.

Page 3: The OECD suggests Australia might need to begin raising official interest rates, even if inflation continues to undershoot its 2-3 per cent target, to cool the housing market and prevent a blowout in risky debt levels.

Telstra chief executive Andy Penn has warned NBN Co must deliver a workable solution in its pricing review to make the project sustainable in the long term, but backed its costly decision to halt work on the HFC part of the network.

Page 6: Pizza Hut has defended a multi-million dollar damages case over the disastrous impact of its strategy to enforce a $4.95 pizza price on its franchisees.

Page 8: Discontented voters are increasingly questioning the value of Australia’s democracy, with more than a third of Australians saying the nation’s political system needs major changes or even replacing.

Page 13: BHP Billiton believes unit costs at its Australian mines can be reduced by a further 10 per cent despite conceding that ‘‘inflationary pressures’’ were rising in the local sector.

Page 15: OrotonGroup’s days as a public company appear to be numbered as the founding Lane family makes a final decision on whether to privatise the accessories retailer, sell its controlling stake or recapitalise or refinance the business.

Page 22: Mick Davis isn’t being considered for the chairman job at Rio Tinto Group after shareholders revolted against his candidacy.

 

 

The Australian

Page 1: Malcolm Turnbull is facing mounting hostility among conservative MPs after an overwhelming majority of Coalition senators last night voted for amendments to the same-sex marriage bill only to be shot down when six Coalition senators, including three cabinet ministers, sided with Labor and the Greens to scuttle them.

Page 2: The merger of the nation’s two most militant unions will hand them an industrial monopoly over the nation’s supply chain from pit to port, employers have claimed, warning the amalgamation will increase shipping costs and drive up prices for consumers.

Page 17: A proposed tribunal to resolve politically sensitive past disputes between banks and their customers will hear cases that stretch back a decade and have been probed in a number of post-financial crisis parliamentary inquiries.

A British cabinet minister has said trade with Australia was reaching a “saturation point”, playing down the benefits of a UK-Australia free trade agreement that British Prime Minister Theresa May had said was a “priority”.

Page 19: Tabcorp and Tatts Group have requested the competition regulator rule out a challenge on approval of their merger, as they also flag that a shareholder vote on the deal could again be delayed.

Page 20: SoftBank Group has told stakeholders in Uber Technologies that it will initially offer to buy shares at a nearly 30 per cent discount to the company’s most recent valuation of $US68 billion ($89.5bn).

 

 

The West Australian

Page 3: WA Opera is staging a comeback of Carmen, the 140-year-old production pulled from its schedule three years ago and sparking an arts censorship row over its depiction of smoking.

Page 4: An expanded Kwinana desalination plant is shaping up as Perth’s next major water source after the Water Corporation spent $30 million buying land next to the facility.

Page 14: A specialised wheelchair basketball program will soon form part of the WA Institute of Sport.

Page 16: Property tycoon Nigel Satterley has joined the Liberal Party despite being linked to an insurgent political movement campaigning against WA’s low GST share.

Page 24: The parents of a girl who was admitted to Princess Margaret Hospital with burns but went home with a “severe disability” are suing the hospital for negligence.

Page 25: Triple J is under pressure to reconsider its “dumb” decision to move its hit Hottest 100 countdown away from Australia Day.

Business: Commonwealth legislation is needed to protect mining tenements imperilled by a recent decision of the High Court which Mines Minister Bill Johnston has labelled the biggest issue confronting the WA mining sector.

The Chamber of Commerce and Industry WA has suffered its second consecutive loss as it cuts expenditure to match plunging revenue, sells businesses and draws down its cash reserves to, like its members, adjust to the reality of post-boom WA.

Shares in Great Western Exploration surged yesterday after the explorer claimed a gold discovery at its Yandal West project, south-east of Wiluna.

A disastrous marketing venture by Emerald Grain, which left a group of Wheatbelt farmers millions of dollars out of pocket, will go to arbitration after the grain trader was successful in applying for legal proceedings to be stayed in the Supreme Court.

Perth property developer Sirona Capital has declared itself ready to revisit its South Perth apartment development plans, teaming up with CEL Australia, the local arm of Singaporean property and construction giant Chip Eng Seng Corporation.

The Metropolitan Revelopment Authority has backed the developers of The Leadlight Hotel in Northbridge, approving the extra height for the innovative, now 13-level development.

A $70 million tower to house Perth students is being planned for the heart of the CBD.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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