12/12/2017 - 06:47

Morning Headlines

12/12/2017 - 06:47

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Morning Headlines

Watchdog tells TPG to act on NBN payouts or it’s court

TPG Telecom has been threatened with court action if it does not follow the lead of Optus and Telstra in compensating NBN customers who were overcharged for internet packages that failed to achieve promised speeds. The Aus

EPA assessment signals a resurgence for WA’s economy

There are fresh signs of growing confidence among WA businesses, with the State's environment watchdog reporting a return to numbers of major projects not seen since the resources boom. The West

Angry China blasts Australian media

The official newspaper of China’s Communist Party has accused the Turnbull government of colluding with the Australian media to smear the reputation of Beijing, as relations between the two countries continue to deteriorate. The Fin

BlackRock plugs in to lithium lift

BlackRock fund manager Evy Hambro is confident of strong demand growth for battery commodities like lithium and cobalt but says he would be disappointed if big mining companies launched acquisitions in the sector at current prices. The Fin

Supermarket and Airtasker link for deliveries

Supermarket giant Coles has moved to head off the potential threat of Amazon targeting groceries with a trial using workers on peer-to-peer jobs platform Airtasker for flexible home deliveries. The Fin

Salvage bid for twin towers

The developer of Iconic Scarborough is seeking an urgent meeting with Planning Minister Rita Saffioti in a bid to work out how best to salvage its $450 million twin-towers plan. The West

Rio ‘has role’ in Pilbara grid

Plans by the State Government to open up the Pilbara’s electricity network to third-party access must include the poles and wires owned by mining giant Rio Tinto, according to the head of WA’s regional power provider. The West

 

 

The Australian Financial Review

Page 1: Malcolm Turnbull says he has delivered on the promise he made when he deposed Tony Abbott that he would restore confidence, create jobs and boost economic growth.

Page 3: Widening disparities in wage growth challenge our traditional notion of a fair go for all and may eventually detract from economic growth, top economists say.

Page 8: The official newspaper of China’s Communist Party has accused the Turnbull government of colluding with the Australian media to smear the reputation of Beijing, as relations between the two countries continue to deteriorate.

Page 11: Three quarters of voters say there is a need for democratic renewal in the form of a federal anti-corruption commission and a tougher code of conduct for MPs, as part of wider reforms that would also see a rejuvenated public sector return to service delivery.

Page 12: Free market advocates have called on Prime Minister Malcolm Turnbull to revisit the debate about state-based income taxes, claiming GST equalisation ‘‘propped up’’ states like South Australia.

Australia’s biggest newspaper publisher, News Corp, may have withdrawn from the system that has measured newspaper sales for 85 years to make big cuts in print circulation.

Page 14: Less than three hours after the debut of Cboe Global Markets’ bitcoin futures, the contracts climbed as much as 14 per cent and triggered a two minute trading halt designed to cool volatility.

Page 15: Investors in AWE Ltd are embracing the prospect of a bidding war for the unheralded oil and gas player after mining services provider Mineral Resources Ltd trumped a $463 million takeover offer from a state-owned Chinese player amid expectations a third suitor could still enter the fray.

BlackRock fund manager Evy Hambro is confident of strong demand growth for battery commodities like lithium and cobalt but says he would be disappointed if big mining companies launched acquisitions in the sector at current prices.

Page 18: The private equity fund chaired by former Western Mining boss Hugh Morgan has made its first acquisition after agreeing to buy the Stawell gold mine from Canadian miner Kirkland Lake Gold.

Page 19: Supermarket giant Coles has moved to head off the potential threat of Amazon targeting groceries with a trial using workers on peer-to-peer jobs platform Airtasker for flexible home deliveries.

 

 

The Australian

Page 1: TPG Telecom has been threatened with court action if it does not follow the lead of Optus and Telstra in compensating NBN customers who were overcharged for internet packages that failed to achieve promised speeds.

Page 6: Subcontractors on the troubled National Broadband Network say they do not get a cent for jobs they cannot “complete”, with claims some declare incomplete work as finished in order to recoup costs.

Page 17: Tech giants Facebook and Apple remain at loggerheads over the social network’s efforts to help newspapers sell digital subscriptions because of Apple’s refusal to budge on a key issue, with Mark Zuckerberg said to be taking a keen interest in the talks.

Page 19: Small is beautiful is the philosophy of the latest newcomer to Australia’s flourishing nut industry, Western Australia’s only commercial walnut grower and producer Omega Walnuts.

Page 25: Fast-growing European ride-sharing company Taxify is launching what it says is Australia’s first real Uber rival, kicking off with heavily discounted rides today in a bid to dethrone the controversial US giant.

Page 26: Ascension and Providence have been talking for months, and a merger is far from assured, sources say. Talks have included a variety of arrangements short of a merger, a source said.

 

 

The West Australian

Page 10: There are fresh signs of growing confidence among WA businesses, with the State's environment watchdog reporting a return to numbers of major projects not seen since the resources boom.

Page 12: Australia’s most secretive intelligence agency has launched its biggest recruitment drive in the face of growing international security threats, looking well outside of its traditional recruiting grounds for a new generation of spies.

Almost 160,000 women are just some decent child care away from getting paid work, according to new figures, which also show that a growing number of men are told they are too old to work.

Page 14: The developer of Iconic Scarborough is seeking an urgent meeting with Planning Minister Rita Saffioti in a bid to work out how best to salvage its $450 million twin-towers plan.

Page 18: While the WACA Ground will look like the dowdy poor relation to the new stadium after cricket moves to Burswood next month, the sport is poised for a remarkable expansion.

Business: Investment bank RBC Capital Markets believes the big three Australian gold miners are fully valued with equity prices outperforming the precious metal this year.

Plans by the State Government to open up the Pilbara’s electricity network to third-party access must include the poles and wires owned by mining giant Rio Tinto, according to the head of WA’s regional power provider.

The judge overseeing the raterigging case against Westpac has questioned whether evidence presented may only reflect “ad hoc” activity among traders rather than a “defined practice”.

Gold miner Northern Star Resources has put its foot on junior explorer and neighbour Echo Resources in what is seen by commentators as a strategic investment.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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