08/12/2017 - 06:46

Morning Headlines

08/12/2017 - 06:46

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Morning Headlines

Tropicana funded for longer life

AngloGold Ashanti and Independence Group will spend $46 million to increase the life, capacity and recovery rates at the Tropicana gold project north-east of Kalgoorlie. The West

Doubts over Paladin renewal

The French creditor that forced uranium miner Paladin Energy into administration is now threatening to torpedo its recapitalisation. The West

Many giant companies pay no tax

One-third of Australia’s biggest companies have failed to pay any tax but there are signs tech companies are finally coughing up some of their profits to the local community. The West

Report card on best and worst of cities

The federal government has released 46 indicators measuring the performance of Australian cities with key measures such as housing affordability, employment and crime all measured from best to worst across the nation. The Fin

Chevron boss: US shale lesson for Australia

Chevron Australia managing director Nigel Hearne says state and federal governments and industry players must find common ground on fracking if Australia is to take advantage of unconventional gas reserves and lower energy costs. The Fin

Moore picks Lib fight on WA secession

The WA Liberal Party faces a showdown at the weekend with State president Norman Moore to challenge the might of powerbrokers with a push to kickstart an investigation of WA seceding from the Commonwealth. The West

ASX will share blockchain system savings

Brokers, traders and custodians in the $2 trillion cash equities market have welcomed the ASX’s decision to upgrade its post-trade settlement and clearing system with blockchain technology and the exchange’s pledge to share cost savings with them. The Fin

 

 

The Australian Financial Review

Page 1: Australia’s top corporate leaders have conceded the community has stopped listening to the corporate sector, and have called on the government to stop bashing business and start focusing on the role companies play in creating jobs, wealth and economic prosperity.

Page 3: The federal Parliament has removed the final area of discrimination against gay and lesbian Australians by giving them the right to marry.

Page 5: The federal government has released 46 indicators measuring the performance of Australian cities with key measures such as housing affordability, employment and crime all measured from best to worst across the nation.

Page 6: Treasurer Scott Morrison has swung his weight behind a push for more superannuation funds to develop new ways of lending to local companies.

Page 7: The Turnbull government’s budget is still far too vulnerable to disruption from economic shock and rising global interest rates to justify politically motivated splurges of any short-term gains, such as premature income tax cuts, the Parliamentary Budget Office has warned.

Page 8: Doctors say patients are asking them to exclude ‘‘ordinary grief reactions’’ from medical records because they don’t want this information passed onto insurers as the insurance industry seeks to deal with what it describes as a ‘‘tsunami’’ of mental health-related claims.

Page 12: The corporate tax take slumped $3.6 billion in 2015-16 because of reduced profitability in the mining and energy sector, demonstrating once again just how reliant Australia is on commodity prices, the Australian Taxation Office said.

The Fair Work Ombudsman has launched its first legal action against a Caltex franchisee after revelations that workers have been underpaid millions of dollars in wages throughout its retail network.

Page 15: Brokers, traders and custodians in the $2 trillion cash equities market have welcomed the ASX’s decision to upgrade its post-trade settlement and clearing system with blockchain technology and the exchange’s pledge to share cost savings with them.

Page 22: Chevron Australia managing director Nigel Hearne says state and federal governments and industry players must find common ground on fracking if Australia is to take advantage of unconventional gas reserves and lower energy costs.

 

 

The Australian

Page 1: Malcolm Turnbull and top cabinet ministers have been slapped with a stinging rebuke from a former senior colleague over their plan to target “covert” agents who work for foreign powers, amid a political storm over Chinese influence in national affairs.

Page 6: Unions will urge the Labor Party to commit to easing federal right-to-strike laws, warning the High Court has imposed higher hurdles on workers being able to take legal industrial action.

Page 17: New data has revealed how little company tax is paid in the oil and gas sector, with multinationals Chevron, Exxon and Shell contributing nothing in 2015-16.

Page 19: The competition regulator says it will not oppose the merger of Foxtel and Fox Sports.

Page 23: Light aircraft pilots flying at some small airstrips will be advised to use the “multicom” radio frequency under proposals announced by the air safety regulator yesterday.

Page 26: The local sharemarket finished yesterday’s session firmly higher, with all sectors in the green, despite moderate falls in commodity prices in early offshore trade.

 

 

The West Australian

Page 1: A royal commission report has blasted former Perth Anglican Archbishop Roger Herft, finding he mishandled a series of historical abuse cases and was “wilfully blind” to the criminal misconduct of his clergy.

Page 3: One-third of Australia’s biggest companies have failed to pay any tax but there are signs tech companies are finally coughing up some of their profits to the local community.

Page 17: Perth’s property market is on the rebound at the start of the summer — and Shenton Park is the hottest suburb of all.

Page 20: The WA Liberal Party faces a showdown at the weekend with State president Norman Moore to challenge the might of powerbrokers with a push to kickstart an investigation of WA seceding from the Commonwealth.

Page 26: The average water bill could surge 50 per cent over the next 10 years, costing families at least an extra $600, unless urgent action is taken to overhaul the nation’s water supply system.

Business: The French creditor that forced uranium miner Paladin Energy into administration is now threatening to torpedo its recapitalisation.

A lack of demand among retail investors for an MMA Offshore share offer may have strengthened the hand of the vessel operator’s board in a fight with its biggest shareholder.

AngloGold Ashanti and Independence Group will spend $46 million to increase the life, capacity and recovery rates at the Tropicana gold project north-east of Kalgoorlie.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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