30/11/2017 - 06:37

Morning Headlines

30/11/2017 - 06:37

Bookmark

Upgrade your subscription to use this feature.

Explosive tape damns Dastyari

Labor senator Sam Dastyari’s political career is on the line over his links with China after an explosive tape recording reveals he delivered a scripted, deliberate and detailed defence of the Chinese government’s aggressive land grab in the South China Sea, despite his repeated attempts to deny it. The Fin

Call to cash in on battery-making boom

Western Australia’s chief scientist, Peter Klinken, says there is value in exploring the viability of lithium-ion battery manufacturing in the state. The Fin

Gas protest fought on false native title claim

An Aboriginal group that sought to block Woodside’s now-defunct $80 billion gas development in the Kimberley on native title grounds has been found to have moved into the area in the 1930s and have no ownership rights over land and water there at all. The Aus

Galaxy secures Mt Cattlin

Galaxy Resources has locked in offtake agreements covering the next five years of production from its Mt Cattlin mine near Ravensthorpe, confirming strong demand for its lithium concentrate product. The West

$5bn hit targets tech giants

Tax commissioner Chris Jordan will initiate joint forensic tax audits with other countries’ authorities, in an unprecedented escalation of his crusade to ensure the world’s biggest companies, including Amazon, Google and Facebook, pay their fair share of tax in Australia. The Aus

Fortescue bullish despite export slump

Fortescue Metals Group insists it is on track to meet its full-year export target despite shipping data revealing a slide in the company’s iron ore exports in recent weeks. The Fin

ACCC warns against Amazon fightback

The Australian Competition and Consumer Commission chairman Rod Sims has warned suppliers and retailers to be careful not to breach competition laws in trying to limit the impact of Amazon’s expansion. The Fin

New hospital to open in May

Page 18: Perth Children’s Hospital will open in May next year, the State Government says, 2 1/2 years after it was supposed to take patients. The West

 

 

The Australian Financial Review

Page 1: Labor senator Sam Dastyari’s political career is on the line over his links with China after an explosive tape recording reveals he delivered a scripted, deliberate and detailed defence of the Chinese government’s aggressive land grab in the South China Sea, despite his repeated attempts to deny it.

The Turnbull government is pulling out all stops to try to head off a backbench-led commission of inquiry into the banks, including warning at least one lower house MP intending to cross the floor his actions could help consign the Coalition to opposition.

Page 3: The Australian Competition and Consumer Commission chairman Rod Sims has warned suppliers and retailers to be careful not to breach competition laws in trying to limit the impact of Amazon’s expansion.

Page 4: Conservatives will continue their fight to bolster religious protections in same-sex marriage legislation when deliberations shift to the House of Representatives next week, despite suffering a thumping defeat in the Senate on Wednesday.

Page 8: Western Australia’s chief scientist, Peter Klinken, says there is value in exploring the viability of lithium-ion battery manufacturing in the state.

Page 12: A criminal probe of Uber Technologies has turned up revelations that the ride-hailing company used encrypted messaging to hide its tracks while spying on rivals, evading authorities and fighting off lawsuits.

Page 15: Cryptocurrency hits $US10,000 as illegal side revealed Bitcoin’s hyper-frenzy saw exchanges pummelled with trading volumes on Wednesday as bitcoin surged above $US10,000 for the first time in the technology’s history.

Page 17: Fortescue Metals Group insists it is on track to meet its full-year export target despite shipping data revealing a slide in the company’s iron ore exports in recent weeks.

OZ Minerals has held talks with British billionaire Sanjeev Gupta and his Liberty House companies along with several other players as it headstoward the final stages of finding the best deal for electricity supply to its Prominent Hill mine, after being dumped by BHP.

 

 

The Australian

Page 1: Tax commissioner Chris Jordan will initiate joint forensic tax audits with other countries’ authorities, in an unprecedented escalation of his crusade to ensure the world’s biggest companies, including Amazon, Google and Facebook, pay their fair share of tax in Australia.

An Aboriginal group that sought to block Woodside’s now-defunct $80 billion gas development in the Kimberley on native title grounds has been found to have moved into the area in the 1930s and have no ownership rights over land and water there at all.

Page 4: Scott Morrison has commissioned extraordinary Treasury costings of Labor’s tax policies which he says would impose a “crushing” $164 billion burden on an economy that is just getting back on to its feet.

Page 17: The prudential regulator has doubled down on its unhappiness with the “astonishing” number of investment options in the superannuation industry — a shot across the bow of the bank-owned super fund sector, which is pushing for more choice in the $2.5 trillion system.

The 27 directors of the big four banks-sponsored super funds are being paid $183,000 a year on average — about twice as much as employer and union-nominated directors of industry funds, who have come under attack for passing their fees to unions and employer groups.

Page 19: Optus has flagged a potential hit to its business because of NBN Co’s decision to temporarily suspend the rollout of the hybrid fibre coaxial national broadband network, with the telco saying the latest delay was unfortunate but necessary.

Page 20: One of Rio Tinto’s biggest local investors has delivered a warning on lithium — a sector in which Rio is considering becoming a major player — declaring that while battery demand is expected to soar, new lithium supply will cap prices.

 

 

The West Australian

Page 9: Same-sex marriage is just one vote away from becoming law after senators overwhelmingly backed Federal WA Liberal Dean Smith’s private member’s Bill.

Page 11: PathWest staff will be subject to increased monitoring to ensure they only look at patient records relevant to their job.

Page 18: Perth Children’s Hospital will open in May next year, the State Government says, 2 1/2 years after it was supposed to take patients.

Business: Galaxy Resources has locked in offtake agreements covering the next five years of production from its Mt Cattlin mine near Ravensthorpe, confirming strong demand for its lithium concentrate product.

Embattled livestock exporter Wellard’s earnings are back in the black for the first four months of the financial year but shareholders have been warned the company will incur a first half loss.

Kerry Stokes-backed Beach Energy has bought into a gas exploration project off the North West involving energy giant BP.

Australian gold miners are likely to lift dividends and launch share buybacks over the next few years as they generate stronger cash flows, Citi analysts say.

The McGowan Government has struck a deal with Buru Energy and Mitsubishi to axe a State Agreement regarding onshore gas drilling in the Kimberley.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options