13/12/2017 - 06:09

Morning Headlines

13/12/2017 - 06:09

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Morning Headlines

Santos, Total eye Beehive

Santos and French energy company Total have made a farm-in deal for a potential multibillion-barrel oil and gas prospect off the Kimberley. The West

Cops push tough grog limits in mining heartland

Hard-drinking Pilbara mining towns could be hit with some of the toughest liquor restrictions in the State if a police plan to reduce alcohol-related violence in the region is given the go-ahead. The West

Tatts all folks: Tabcorp wins bid

Wagering giant Tabcorp’s move on Tatts Group to create an $11 billion gaming behemoth is set to sail past the winner’s post today after the target’s shareholders overwhelmingly backed the deal. The Aus

ANZ life sale could pave way for buybacks

ANZ Banking Group has flagged share buybacks after the $2.85 billion sale of its life business to Swiss giant Zurich, but chief executive Shayne Elliott has warned the bank will still take an earnings hit after dumping its ‘‘peripheral’’ wealth units. The Fin

Lowys’ $32b sale of a lifetime

Sir Frank Lowy has agreed to sell his global shopping empire, Westfield Corporation, to European giant Unibail-Rodamco for $32 billion as landlords around the world bulk up against the rise of online shopping. The Fin

WA switch to NDIS to ‘save $1bn’

WA’s long-awaited move to join the Federal Government-run National Disability Insurance Scheme will save the State more than $1 billion over the next decade, Premier Mark McGowan claims. The West

  

 

The Australian Financial Review

Page 1: Sir Frank Lowy has agreed to sell his global shopping empire, Westfield Corporation, to European giant Unibail-Rodamco for $32 billion as landlords around the world bulk up against the rise of online shopping.

Page 3: The east coast gas market remains ‘‘extremely challenging’’ for industrial buyers with contract prices much higher than they should be, despite an increase in gas supply from the Queensland LNG producers in recent months, the competition watchdog has found.

Page 6: Commodities trader Glencore is headed for a Chevron-like showdown with the Australian Taxation Office over allegations it shifted profits abroad to dodge tax.

Page 17: ANZ Banking Group has flagged share buybacks after the $2.85 billion sale of its life business to Swiss giant Zurich, but chief executive Shayne Elliott has warned the bank will still take an earnings hit after dumping its ‘‘peripheral’’ wealth units.

Page 21: Influential mining investor Evy Hambro expects wide discounts on lower-grade iron ore to persist and has warned Western Australian exporters will face an increasing challenge to maintain the quality of their iron ore.

Page 27: Fairfax Media hopes to escape the decline in digital advertising revenue through a new partnership with Google to promote the traditional publisher’s premium content and engaged audience.

 

 

The Australian

Page 2: Secondary students’ reading skills have failed to progress over the past decade, and have even gone backwards in several states, according to the latest snapshot of literacy and numeracy standards across the country.

Page 4: Toll road operator Transurban will reap an estimated $15 billion in additional tolls until 2045 in return for coughing up $4.4bn to help fund the Andrews government’s $6.7bn West Gate Tunnel project.

Page 6: Labor has moved to cauterise the damage done by Sam Dastyari’s ties with Chinese Communist Party-linked billionaire Huang Xiangmo ahead of the weekend by-election in Bennelong, with the NSW senator announcing his departure from politics.

Page 19: Wagering giant Tabcorp’s move on Tatts Group to create an $11 billion gaming behemoth is set to sail past the winner’s post today after the target’s shareholders overwhelmingly backed the deal.

Online retailer Kogan has continued its expansion by teaming with Medibank to offer “budget” private health insurance.

Page 22: As the US prepares to take China to task over trade imbalances, economic mandarins in Beijing are focusing on a potentially more immediate threat from Washington — Donald Trump’s tax overhaul.

Page 24: The local sharemarket closed modestly higher yesterday, buoyed by strength in the heavyweight energy and mining sectors.

Page 26: Training’s share of education spending has plummeted by 30 per cent in a little over a decade, as vocational education and training reels from a bipartisan and multijurisdictional trashing.

 

 

The West Australian

Page 1: Hard-drinking Pilbara mining towns could be hit with some of the toughest liquor restrictions in the State if a police plan to reduce alcohol-related violence in the region is given the go-ahead.

Page 6: Sixty per cent of Year 10 students who sat a national civics and citizenship test were unable to say what role the Speaker plays in the House of Representatives and one-third of Year 6 students did not know an Act of Parliament is a law.

Page 9: Prominent Perth restaurant operator Scott Taylor is adamant that he will pay all his company’s creditors as he opens a new restaurant on St Georges Terrace.

Page 13: WA’s long-awaited move to join the Federal Government-run National Disability Insurance Scheme will save the State more than $1 billion over the next decade, Premier Mark McGowan claims.

Page 20: High school students are being urged to consider a trade after a 9 per cent slide in the number of people in training in WA.

Business: Santos and French energy company Total have made a farm-in deal for a potential multibillion-barrel oil and gas prospect off the Kimberley.

Technology juggernaut HP says its investment in gaming will shape the future of health, education and design.

The hostile Indonesian bidder for Finders Resources has extended its $175 million takeover offer by a month and dropped a key condition about its bid.

Novo Resources Corp boss Rob Humphryson says the company could know within six months whether it has an economic conglomerate-hosted gold resource on its Pilbara landholdings.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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