29/01/2018 - 07:15

Morning Headlines

29/01/2018 - 07:15

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Morning Headlines

Pluto gas to supply WA soon

WA households and business will soon be burning gas from Woodside’s Pluto plant after the oil and gas business confirmed it was building a compressor able to feed the Dampier to Bunbury pipeline. The West

Steel mills put the sizzle back into Fortescue

Fortescue boss Nev Power reckons China has been using wagyu beef to make sausages in recent months, and now there are signs the country’s steel mills might be turning back towards cheaper ingredients. The Fin

Arms export push a boost for WA firms

WA shipbuilders and defence companies stand to benefit from an ambitious plan to make Australia a major arms exporter on par with Britain, France and Germany. The West

$55m for new primary schools

Work will soon begin on three primary schools to cope with population growth in Perth’s outer suburbs. Premier Mark McGowan and Education Minister Sue Ellery announced the $55 million schools construction program in Baldivis yesterday, where a primary school for 430 students will be opened in 2020. The West

US farmers hit Trump over TPP

American wheat growers complain that Australian competitors get better deal in Japanese market. The Fin

Banks to file embarrassing dirty laundry

Commonwealth Bank of Australia will acknowledge failures in its financial planning, mortgage broking and insurance units in a report to the royal commission that is expected to detail fresh cases of misconduct alongside a list of the biggest scandals over the past decade. The Fin

Cricket Australia pads up to negotiate $1bn broadcast deal

Cricket Australia will open formal talks this week about a record broadcast deal potentially worth almost $1 billion amid interest from a “wide variety of prospects”. The Aus

 

 

The Australian Financial Review

Page 1: American wheat growers complain that Australian competitors get better deal in Japanese market.

The big four banks have built a war chest of more than $600 million to fund deep discounts and attractor rates in a bid to grab market share as momentum in the $1.7 trillion mortgage market slows.

Page 4: Coca-Cola Amatil’s SPC and Goulburn Valley fruit brands will soon be sold through Chinese food stores and e-commerce platforms under a distribution agreement with a major state-owned agriculture and consumer products business.

Page 7: A sell-out crowd of 55,000 packed the new Optus Stadium for the 5th One Day International (ODI) Series cricket match between Australia and England in Perth yesterday.

Page 14: The business model for business schools is being disrupted, according to a leading executive in the sector.

Page 15: Commonwealth Bank of Australia will acknowledge failures in its financial planning, mortgage broking and insurance units in a report to the royal commission that is expected to detail fresh cases of misconduct alongside a list of the biggest scandals over the past decade.

Page 17: Fortescue boss Nev Power reckons China has been using wagyu beef to make sausages in recent months, and now there are signs the country’s steel mills might be turning back towards cheaper ingredients.

Page 18: Conditions may be ripe for a strong year of initial public offerings in 2018 but lofty valuations will see fund managers continue to tread cautiously around new issuance.

Page 19: Westpac Banking Corp has abandoned plans to offer an ‘‘instant mortgage’’ as the regulators prepare to turn up the heat on the banks and their lending practices in 2018.

 

 

The Australian

Page 1: Malcolm Turnbull will unveil a global defence strategy aimed at catapulting Australia into the ranks of the world’s top 10 arms exporters, announcing a $3.8 billion fund to back the plan amid a growing military build-up in the Asia-Pacific region.

Page 15: Data is emerging as the next battleground in corporate takeovers, with regulators set to put greater scrutiny around how sensitive customer information is used and where it is stored.

Controversial lottery betting firm Lottoland is covering itself against the risk of having to pay out jackpots running into the billions of dollars through a mixture of exotic financial instruments and brute force — buying physical lottery tickets.

Page 17: The peak body representing the nation’s $127 billion food and grocery manufacturing sector has warned that escalating energy prices, six years of retail price deflation, low domestic growth and high regulatory costs are creating “relentless pressure” up the supply chain that could threaten a vital export industry and jobs.

Rio Tinto is facing renewed questions over its decision to open a $US12 billion ($14.8bn) mine in the middle of the Gobi desert.

Page 18: Risk management strategies across banks and other big business have failed to keep pace with changing social values, leaving many public companies vulnerable to consumer or political attacks, according to Ian Laughlin, a former top banking regulator.

Page 20: Cricket Australia will open formal talks this week about a record broadcast deal potentially worth almost $1 billion amid interest from a “wide variety of prospects”.

 

 

The West Australian

Page 3: Pro-vaccination lobbyists want tighter monitoring of “no-jab, no-pay” laws, after a person claiming to be from WA boasted on social media that they duped their doctor into providing a medical exemption.

Page 6: There was still more than an hour to go until the first ball, but excitement was building on trains as thousands of cricket fans squeezed into carriages and made their first pilgrimage to Optus Stadium.

Page 7: The Chinese company behind Scarborough’s stalled twin towers development, 3 Oceans, has signed up to the Labor Government’s exclusive Leaders’ Forum, which charges members about $25,000 a year for private meetings with the Premier and his Cabinet.

Page 10: Work will soon begin on three primary schools to cope with population growth in Perth’s outer suburbs. Premier Mark McGowan and Education Minister Sue Ellery announced the $55 million schools construction program in Baldivis yesterday, where a primary school for 430 students will be opened in 2020.

Page 11: The State Government has opened a second probe into a multimillion-dollar Aboriginal trust, after concerns about the wider operation of the sector and management of cash being poured into trusts by mining companies emerged.

Page 12: WA continues to be the nation’s economic laggard, but strong employment growth suggests “better days ahead”, according to reports out today.

Page 16: A media-shy, London hedge fund chief has been linked to the new search for missing Malaysia Airlines flight MH370 through his backing for the company involved.

Page 17: WA shipbuilders and defence companies stand to benefit from an ambitious plan to make Australia a major arms exporter on par with Britain, France and Germany.

Business: WA households and business will soon be burning gas from Woodside’s Pluto plant after the oil and gas business confirmed it was building a compressor able to feed the Dampier to Bunbury pipeline.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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