23/01/2018 - 06:19

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23/01/2018 - 06:19

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Chinese bidder to declare AWE takeover hand

It is make-or-break week for China Energy Reserve and Chemical Group, which must decide within days whether to pursue its bid for oil and gas player AWE or walk away from its takeover ambitions and concede defeat to rival bidder Mineral Resources. The Fin

Trump tax cuts lift global growth

The world economy is tipped by the International Monetary Fund to accelerate this year at its fastest pace since 2010, fuelled by an expected temporary stimulus from US President Donald Trump’s $US1.5 trillion tax cuts and broader global momentum. The Fin

Supermarts back wider use of welfare controls

Supermarket giants, banks and fintechs are backing changes that pave the way for a much wider roll out of the federal government’s cashless debit card. The Fin

The end of the checkout chick

After a year of testing with its own employees, Amazon plans to open its store that lets you browse, grab and walk out – skipping the checkout line, but not the bill – to the public today (AEDT). The Fin

Rio speeds up plan for driverless ore trains

Rio Tinto’s long-awaited plan to run its giant West Australian iron ore rail network entirely with robot trains, delivering a potential $1 billion annual profit bonanza, is gathering pace. The Aus

Progress on crowd cap

Talks to remove a crowd cap at the Perth Scorchers semi-final at Optus Stadium next week are progressing well, according to Transport Minister Rita Saffioti, who said the chances of a turnaround were “looking very good”.

Chevron forced to confront gas problem

The Wheatstone LNG project may need to offset more than one million tonnes of greenhouse gas emissions each year if restrictions that were removed by Colin Barnett in 2013 are reinstated.

 

The Australian Financial Review

Page 1: The world economy is tipped by the International Monetary Fund to accelerate this year at its fastest pace since 2010, fuelled by an expected temporary stimulus from US President Donald Trump’s $US1.5 trillion tax cuts and broader global momentum.

Page 3: The lobby group for financial market traders has joined diplomats in warning that Canberra’s foreign influence regime could be ‘‘one of the most wide-reaching in the Australian regulatory system’’.

Page 9: Supermarket giants, banks and fintechs are backing changes that pave the way for a much wider roll out of the federal government’s cashless debit card.

Page 13: The hedge fund that brought down listed sandalwood grower Quintis has urged policymakers to rethink tax incentives for managed investment scheme investors after the former TFS Corp became the latest in a long line of forestry-linked collapses.

Page 15: ASX-listed logistics software start-up GetSwift has been likened to market darling-turned shell company Human Resources stock 1-Page, which crashed just as fast as it rose after being accused of poor market transparency.

Page 17: It is make-or-break week for China Energy Reserve and Chemical Group, which must decide within days whether to pursue its bid for oil and gas player AWE or walk away from its takeover ambitions and concede defeat to rival bidder Mineral Resources.

Page 24: After a year of testing with its own employees, Amazon plans to open its store that lets you browse, grab and walk out – skipping the checkout line, but not the bill – to the public today (AEDT).

 

 

The Australian

Page 1: New Zealand’s offer to resettle 150 asylum-seekers from Manus Island late last year is believed to have prompted an escalation in people-smuggling operations, with intelligence officials claiming at least three boats had recently sought to test the shift in policy and use the country as a “back door” to Australia.

Page 2: Employers have hailed a Fair Work Commission ruling upholding a refusal by Visy to convert labour hire workers to permanent full-time employment after three months.

Clive Palmer held two meetings with himself in November to approve, retrospectively, more than $170 million in questionable payments from Queensland Nickel to foreign women, his family, his corporate empire and himself, four years after the cash was siphoned from the company.

Page 4: Energy Minister Josh Frydenberg has rejected findings that electric vehicles charged on the national electricity grid have a bigger carbon footprint than conventional cars, staring down backbench critics of the electric car industry.

Page 15: Nervous investors wiped more than half a billion dollars off real estate business Domain and key shareholder Fairfax Media’s market value after the shock resignation of chief executive Antony Catalano just two months after the company listed.

Rio Tinto’s long-awaited plan to run its giant West Australian iron ore rail network entirely with robot trains, delivering a potential $1 billion annual profit bonanza, is gathering pace.

Page 17: Online electronics retailer Kogan.com has flagged an uptick in earnings during November and December, saying it enjoyed record sales and strong cash flow during the period.

 

 

The West Australian

Page 3: Some West Australians are panic-buying codeine products to beat the deadline when they become prescription-only.
Page 9: Talks to remove a crowd cap at the Perth Scorchers semi-final at Optus Stadium next week are progressing well, according to Transport Minister Rita Saffioti, who said the chances of a turnaround were “looking very good”.

Page 12: Treasurer Scott Morrison is ramping up pressure on the Senate crossbench to pass the Federal Government’s company tax package, seizing on US evidence to argue that pay rises will follow reform.

Page 20: More than half the juveniles released from detention in WA are back in the youth justice system within a year, new figures show.

Business: The Wheatstone LNG project may need to offset more than one million tonnes of greenhouse gas emissions each year if restrictions that were removed by Colin Barnett in 2013 are reinstated.

Australia’s real estate industry has been rocked by several high-profile resignations at two of the sector’s biggest listed players.

Shares in WA lithium players continued to fall yesterday even as analysts suggested the recent sell-off was overdone.

Shares in Battery Minerals jumped to a two-month high yesterday after it locked in its fourth binding offtake agreement covering graphite concentrate from its flagship Montepuez project in Mozambique.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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