18/01/2018 - 06:58

Morning Headlines

18/01/2018 - 06:58

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Wesfarmers closes in on US chemical firm Cyanco

Perth-based conglomerate Wesfarmers is said to be closing in on a target within the industrials space, with many betting it could be acquiring US sodium cyanide maker Cyanco Holdings. The Aus

Stockland hopes Ellenbrook rail will give it edge

Stockland hopes its fifth WA shopping centre, Whiteman Edge Town Centre at the gateway to the Swan Valley, will be an early beneficiary of the State Government’s planned Ellenbrook rail line. The West

Strong message to Greens from WA councils

WA mayors have pushed back against a Greens campaign to dump Australia Day celebrations on January 26, saying party politics has no place in local government. The West

South32 lifts manganese output ahead of Jupiter float

The world’s biggest manganese producer has revealed record production and plans to increase it further, in a show of force to rivals mulling a float of a major manganese play on the ASX. The Fin

Ex Rio boss wants charge dropped

Rio Tinto’s former chief executive and top financial officer have sought the dismissal of US fraud charges which claim they ought to have impaired Mozambique coal assets in 2012, arguing studies on the assets were incomplete at the time. The Fin

PM, Abe to counter US trade retreat

Optimism is growing that a hesitant Canada will soon sign up to the Trans-Pacific Partnership ahead of Malcolm Turnbull and Japanese counterpart Shinzo Abe renewing their determination to push the free trade pact during the Prime Minister’s trip to Tokyo on Thursday. The Fin

Mine restart on track

Mt Gibson Iron says first ore sales from a planned restart of its collapsed Koolan Island mine off the Kimberley coast remains on track for early next year. The company said it had spent $18 million on remedial work at the mine in the December quarter with the project now 28 per cent complete. The West

 

 

The Australian Financial Review

Page 1: Optimism is growing that a hesitant Canada will soon sign up to the Trans-Pacific Partnership ahead of Malcolm Turnbull and Japanese counterpart Shinzo Abe renewing their determination to push the free trade pact during the Prime Minister’s trip to Tokyo on Thursday.

Page 3: Dozens of legal actions against the militant maritime and construction unions could prevent them forming a new super union, according to a last-ditch intervention by employers.

Page 4: Australian winemakers fear a peace deal on the North American Free Trade Agreement could drastically reduce their market share in Canada where they claim protectionist trade barriers are on the increase.

Page 5: Tech giant Google has made its ‘‘next big leap’’ in machine learning, launching a new product which lets businesses with little artificial intelligence expertise build and customise their own models.

Page 9: The price of cryptocurrency bitcoin has careered down as much as 25 per cent in the past 36 hours, as the prospect of regulatory crackdowns appeared to spread.

Page 13: Rio Tinto’s former chief executive and top financial officer have sought the dismissal of US fraud charges which claim they ought to have impaired Mozambique coal assets in 2012, arguing studies on the assets were incomplete at the time.

Page 15: Woolworths appears to be taking advantage of volume growth from recent market share gains to cut food and grocery prices at a faster rate than arch rival Coles.

Page 16: Allianz and Suncorp have been forced to return a combined $63 million to customers as part of the corporate watchdog’s $120 million crackdown on insurance add-ons and financing sold through car dealerships.

Page 17: A boom in new solar power plants helped smash the record for investment in renewable energy in Australia last year, with capital spending in the sector more than doubling to $US9 billion ($11.3 billion) as consumers sought protection from escalating electricity prices, according to a new report.

The world’s biggest manganese producer has revealed record production and plans to increase it further, in a show of force to rivals mulling a float of a major manganese play on the ASX.

 

 

The Australian

Page 2: Consumer confidence has risen to its highest level since the Abbott government was elected in 2013, fuelling government hopes that a recovery in household spending will lift the economy over the next year.

Page 5: Almost a third of medical students awarded a government scholarship worth more than $26,000 a year fail to honour their obligation to then work for a period in a rural or remote community.

Page 13: Australian consumers may finally be back in action after lying dormant since the end of the mining boom, with growing confidence among households poised to deliver a kick to the economy in the coming year.

Page 14: Perth-based conglomerate Wesfarmers is said to be closing in on a target within the industrials space, with many betting it could be acquiring US sodium cyanide maker Cyanco Holdings.

Page 15: Property giant Lendlease has struck a £1.5 billion ($2.6bn) partnership with the Canada Pension Plan Investment Board to invest in its emerging pipeline of build-to-rent residential projects in London and expects to field institutional interest for its expanding portfolio of US rental projects.

 

 

The West Australian

Page 1: WA mayors have pushed back against a Greens campaign to dump Australia Day celebrations on January 26, saying party politics has no place in local government.

Page 3: Insurers Suncorp and Allianz will be forced to repay almost $63 million to thousands of customers who were sold worthless or near-worthless insurance add-ons when buying cars at dealerships.

Page 9: Fans could have access to “money-can’t-buy” experiences at a possible Scorchers semi-final match, in a bid to draw them in early and reduce the need for a crowd cap at the new Optus Stadium.

Page 18: Fish that live without fear of sharks have different body shapes, researchers have found, highlighting the impact of the ocean’s top predator on marine ecosystems.

Business: Saracen Minerals Holdings is poised to push out the mine life of its Goldfields operations beyond 10 years on the back of recent encouraging drill results.

Stockland hopes its fifth WA shopping centre, Whiteman Edge Town Centre at the gateway to the Swan Valley, will be an early beneficiary of the State Government’s planned Ellenbrook rail line.

Mt Gibson Iron says first ore sales from a planned restart of its collapsed Koolan Island mine off the Kimberley coast remains on track for early next year.

Sirtex Medical shares have surged after the liver cancer treatment specialist flagged improved first-half earnings and a turnaround in second half sales.

Dairy producer The a2 Milk Company is expanding its business in the US, rolling out its products across the north-east of the country to give it a presence in 5000 stores nationwide.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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