Mitsui set to snare AWE as MinRes yields
Rich Lister Chris Ellison’s Mineral Resources has given up on its ambitions to acquire in-demand oil and gas play AWE, leaving Japanese trading giant Mitsui in the box seat to snare the half-owner of one of the country’s most promising onshore gas discoveries. The Fin
Lithium expert rejects fears of oversupply
As the investment world continues to debate whether the booming lithium industry is heading for an imminent and price destructive oversupply, one of the world’s foremost lithium experts is adamant that the doom and gloom is nothing more than “bad analysis”. The Aus
WA stands alone in bid to change GST carve-up
WA will have to fight by itself for a fair share of the GST with almost every State, Territory and east coast lobby group rejecting plans that would deliver billions of dollars to the west. The West
‘Wage growth to pick up’
Treasurer Scott Morrison says the government’s proposed company tax cuts will increase job security, investment and wages, not just deliver higher profits to big companies. The Fin
ASX to tumble after bond market crashes equities party
Australian shares are set for their worst day in six months following a ferocious sell-off in US bonds sparked by signs that falling unemployment is finally stirring wage inflation. The Fin
Chevron turns around performance at Gorgon venture
US energy giant Chevron has turned a mediocre December quarter performance at its two huge new LNG projects in Western Australia into a stellar January, with new chief executive Mike Wirth flagging the two plants should be the spur for a significant improvement in production and cash flow this year. The Fin
Heavyweight results to reveal the outlook
Full-year results for resources heavyweight Rio Tinto, diversified financial services giant AMP and listed contractor CIMIC as well as interim results for the country’s biggest bank, CBA, largest bookmaker Tabcorp, property developer Mirvac, Carsales.com.au and global fund manager Magellan Financial Group will headline the opening week of the results calendar, which is expected to deliver 5.8 per cent profit growth. The Aus
The Australian Financial Review
Page 1: Treasurer Scott Morrison says the government’s proposed company tax cuts will increase job security, investment and wages, not just deliver higher profits to big companies.
Australian shares are set for their worst day in six months following a ferocious sell-off in US bonds sparked by signs that falling unemployment is finally stirring wage inflation.
Page 3: Taxi giant Cabcharge is the latest Australian company to jump on the mobile payments bandwagon to capitalise on the growing number of Chinese tourists visiting Australia. It will announce a deal today to accept Alipay through payment terminals in more than 20,000 taxis around the country.
Page 7: Federal Labor’s decision to harden its opposition to the Adani coal mine as it seeks to win a by-election in inner-city Melbourne would increase sovereign risk, the Turnbull government says.
Private hospitals and health funds should be forced to lift a veil of secrecy that hangs over which hospitals and clinicians are responsible for the 900,000 complications that affect patients in hospitals each year.
Page 13: The head of global macro and asset allocation at international investment giant KKR has warned that investors have been too dovish about global interest rates, and they should reposition their portfolios for tighter monetary policy.
Rich Lister Chris Ellison’s Mineral Resources has given up on its ambitions to acquire in-demand oil and gas play AWE, leaving Japanese trading giant Mitsui in the box seat to snare the half-owner of one of the country’s most promising onshore gas discoveries.
Page 15: US energy giant Chevron has turned a mediocre December quarter performance at its two huge new LNG projects in Western Australia into a stellar January, with new chief executive Mike Wirth flagging the two plants should be the spur for a significant improvement in production and cash flow this year.
Page 17: A growing number of big US credit card issuers are deciding they don’t want to finance a falling knife.
The Australian
Page 1: Malcolm Turnbull has cemented his command over Bill Shorten as the nation’s preferred prime minister as the two leaders brace for a showdown over economic policy, with the government beginning to close the gap on the opposition amid signs disaffected voters are drifting back to the Coalition from One Nation.
Page 4: Liberal minister Christopher Pyne has sent a strongly worded letter to Bill Shorten, refusing his request for a joint referral of MPs whose dual-citizenship status is in doubt to the High Court, and telling the Labor leader the crisis has become one entirely of his own making.
Page 17: Local investors are bracing for a potential correction of the two year bull run in shares after surging US bond yields triggered the biggest Wall Street sell-off since 2016.
Page 18: As the investment world continues to debate whether the booming lithium industry is heading for an imminent and price destructive oversupply, one of the world’s foremost lithium experts is adamant that the doom and gloom is nothing more than “bad analysis”.
A highly regarded free-market economist has dropped a bomb into tax reform debate, arguing the government’s plan to cut company tax from 30 per cent would be a “windfall gain” for foreigners “with no likelihood of increasing investment”.
Page 19: Australia’s healthcare sector has lagged behind other industries in using technology to enhance consumer experience but that is tipped to change as patients demand personalised, connected care.
Page 20: Full-year results for resources heavyweight Rio Tinto, diversified financial services giant AMP and listed contractor CIMIC as well as interim results for the country’s biggest bank, CBA, largest bookmaker Tabcorp, property developer Mirvac, Carsales.com.au and global fund manager Magellan Financial Group will headline the opening week of the results calendar, which is expected to deliver 5.8 per cent profit growth.
The West Australian
Page 1: A car, truck or motorcycle was stolen in WA almost every hour on average in the 12 months to September, figures reveal.
Page 3: Chief Justice Wayne Martin has called on MPs to surrender their power to fine or jail people for contempt, deriding the current system as unfair, anachronistic and out of step with community expectations.
Page 4: The private health sector has warned that consumers could be worse off under a Federal Labor plan to cap future health insurance increases at 2 per cent.
Page 5: A western suburbs council will consider a “tree tax” to fine people who cut down mature trees on their own property.
Page 6: WA will have to fight by itself for a fair share of the GST with almost every State, Territory and east coast lobby group rejecting plans that would deliver billions of dollars to the west.
Page 8: Taxpayers have shelled out $180,000 to replace hundreds of ceiling water valves at Perth Children’s Hospital in a fresh dispute between the State Government and builder John Holland Group.
Page 9: Rottnest Island has just had its most stellar year, with a record 664,691 people visiting WA’s premier holiday island last year.
Page 12: Cash-strapped Australians burdened by inflated utility bills and soaring credit card debts are flocking to financial help services in record numbers.
Page 14: Ola, which transports more than 125 million passengers around more than 110 Indian cities each year, began recruiting drivers in Perth last week. It hopes to be operating in Perth, Sydney and Melbourne before the end of June.
Business: The Gorgon and Wheatstone LNG projects are now enjoying cash margins of more than $US30 a barrel at a $US50 price, Chevron says, and production from the $111 billion mega-projects is expected to increase this year.
Two Perth start-ups are entering the world of blockchain very differently, one to serve the layman and the other the expert, but both are undaunted by the drastic fall last month in the value of the technology’s high-profile product — cryptocurrency.
Ambitious growth plans by WA’s biggest milk producer Lactanz Dairy have been dealt a blow after Parmalat-owned Harvey Fresh said it would not renew its contract to process more than 20 million litres of milk a year.
