10/01/2018 - 06:51

Morning Headlines

10/01/2018 - 06:51

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McGowan says WA will clear path for gas pipeline from Browse

The West Australian government has promised to help fast-track the development of a pipeline from the Browse gas fields to the North West Shelf processing infrastructure at Karratha on the Pilbara coast to solve a long running dispute over the multi-billion dollar project’s development. The Fin

Resurrection of St Barbara continues as gold guidance rises

The stunning revival of gold miner St Barbara shows no sign of slowing, after the company raised its

full-year gold production guidance yesterday. The Fin

Labor GST brawl

Labor has split over the need for GST reform, with the WA Government calling for “swift action” from Prime Minister Malcolm Turnbull as the Federal Opposition ramps up its campaign against change. The West

Iron ore, lithium exports surge

Winter shutdowns in China do not appear to be harming Australian commodity exports, with shipping data from Port Hedland revealing record amounts of iron ore and lithium were exported in December. The Fin

GST rewrite for indigenous aid

Changes to the definition of Aboriginality in distributing GST revenue to states and territories are being considered by the Productivity Commission, with a proposal to better prioritise the needs of especially disadvantaged remote communities that would dramatically rewrite a 30-year-old system. The Aus

Kingsgate survives spill bid

The board of gold miner Kingsgate Consolidated has narrowly survived a bid to oust it but the London-based dissident shareholder who requisitioned yesterday’s meeting in Sydney is unlikely to go away quietly. The West

 

 

The Australian Financial Review

Page 1: The Tax Office has warned partners in law, accounting, engineering and medical firms who reduce their tax bills by income-splitting with their spouses that it is reassessing the rules governing the practice, after uncovering abuse linked to self-managed superannuation funds and related-party borrowing.

The West Australian government has promised to help fast-track the development of a pipeline from the Browse gas fields to the North West Shelf processing infrastructure at Karratha on the Pilbara coast to solve a long running dispute over the multi-billion dollar project’s development.

Page 2: West Australian Premier Mark McGowan has assured iron ore miners he will take a hands-off approach to the industry despite the state’s unprecedented debt problems.

Page 3: The Minerals Council of Australia will push ahead with advertising campaigns in 2018 that spruik low-emissions coal technologies and coal sector’s economic contribution, despite recent threats from BHP Billiton to quit the lobby group over its vigorous advocacy for coal-fired power.

Page 10: Two US companies shelved proposals to launch bitcoin exchange-traded funds, citing ongoing concerns by the Securities and Exchange Commission (SEC), filings showed on Monday.

Page 13: Investors punished the struggling franchise group behind Donut King, Crust Gourmet Pizza and Brumby’s Bakery after it warned it will not meet a profit forecast made just last month.

Fashion retailer Cue is set to become the first major bricks-and-mortar retailer in the country to offer free three-hour delivery throughout Australia, as more and more retailers are forced to invest in innovative logistics solutions to compete with online shopping giants.

Page 15: The stunning revival of gold miner St Barbara shows no sign of slowing, after the company raised its full-year gold production guidance yesterday.

Page 18: Winter shutdowns in China do not appear to be harming Australian commodity exports, with shipping data from Port Hedland revealing record amounts of iron ore and lithium were exported in December.

 

 

The Australian

Page 1: Malcolm Turnbull’s International Development Minister has launched an extraordinary attack on China, accusing it of lending funds to Pacific nations on unfavourable terms and constructing “useless buildings” and “roads to nowhere” in the region.

Changes to the definition of Aboriginality in distributing GST revenue to states and territories are being considered by the Productivity Commission, with a proposal to better prioritise the needs of especially disadvantaged remote communities that would dramatically rewrite a 30-year-old system.

Page 3: Scams in which impersonators pretended to be from the National Broadband Network in order to fleece victims rocketed 250 per cent last year as fraudsters sought to capitalise as the scheme approached peak rollout.

Page 13: East coast gas exports are at record levels as Queensland’s three big liquefied natural gas plants run hard to meet growing Chinese demand that has sent spot prices soaring and pushed east coast domestic gas prices higher.

The Productivity Commission will use its upcoming review of competition in the financial sector to maintain pressure on the Turnbull government to launch one of the world’s first open-data financial systems.

Page 14: Bitcoin’s price sunk on Monday night after website CoinMarket-Cap removed prices from South Korean exchanges from its calculations of digital currency rates without any warning, resulting in a steep drop in all virtual coins they track.

Page 18: The sharemarket ended yesterday’s session slightly higher as gains in mining stocks pushed up the market and strength in offshore equities spilled over on to the local bourse.

 

 

The West Australian

Page 1: Labor has split over the need for GST reform, with the WA Government calling for “swift action” from Prime Minister Malcolm Turnbull as the Federal Opposition ramps up its campaign against change.

Page 3: Qantas will launch its much anticipated Perth to London nonstop service in March using its new Boeing 787.

Page 11: The Windsor Hotel faced a barrage of bad reviews on Facebook on Monday, after it said a “motley crew of patrons” had shown a lack of respect, including breaking glass, urinating on the floor and damaging toilets.

Page 16: Leading technology companies including Samsung, LG and Panasonic have revealed plans to add artificial intelligence to a host of unexpected devices this year — from washing machines to air purifiers and cars to cooktops — to let them anticipate your needs.

Business: The board of gold miner Kingsgate Consolidated has narrowly survived a bid to oust it but the London-based dissident shareholder who requisitioned yesterday’s meeting in Sydney is unlikely to go away quietly.

Tanzanian graphite play Volt Resources has raised $4.7 million to help support development of the first stage of its Bunyu graphite project.

Realmark managing director John Percudani says merging with Altitude Real Estate is a way to capitalise on an improving property market.

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