12/02/2018 - 07:08

Morning Headlines

12/02/2018 - 07:08

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Morning Headlines

‘As long as it takes’ for cuts to tax

The Turnbull government is prepared to compromise on its company tax plan by legislating the remainder of the package in stages and, if necessary, waiting until after the next election before trying to seal the full deal. The Fin

Confidence high for Equus gas

Energy greenhorn Western Gas believes it will have the Equus gas field on the North West Shelf producing by 2023 — something oil major Hess failed to achieve despite pumping $1.5 billion into the project over 10 years. The West

Savers ‘short changed’ on deposit rates

ANZ, National Australia Bank and Westpac joined Commonwealth Bank in failing to tell term deposit customers seeking a safe haven at the peak of the global financial crisis what interest rate they would get after their investment rolled over, The Australian can reveal. The Aus

Female engineers in demand and it’s reflected in their pay

The Graduate Outcomes Survey shows that in 2017 women engineers, in their first year of work after leaving university, earned an average of $65,000 a year, compared with $63,500 for men. The Fin

Rio mulls listing its aluminium division

Anglo-Australian mining giant Rio Tinto has started mulling a full or partial ASX listing of its multibillion-dollar Pacific Aluminium division. The Fin

Bunnings feels Amazon heat

The nation’s hardware suppliers have begun to sound out industry leader Bunnings over the possible consequences of them selling to online giant Amazon while also remaining a supplier to the retail chain, with the hardware sector set to be a key battleground between online players and traditional bricks-and-mortar stores. The Aus

Beazley backed for governor

The leader of the Australian Republic Movement, Peter Fitz-Simons, has backed the push to make passionate pro-republic advocate Kim Beazley the next governor of WA. The West 

 

 

The Australian Financial Review

Page 1: The Turnbull government is prepared to compromise on its company tax plan by legislating the remainder of the package in stages and, if necessary, waiting until after the next election before trying to seal the full deal.

Page 2: The Graduate Outcomes Survey shows that in 2017 women engineers, in their first year of work after leaving university, earned an average of $65,000 a year, compared with $63,500 for men.

Page 4: Australia’s major banks are expected to defend their profits and talk up competition in the lending sector after the royal commission on Friday blindsided the industry with a paper detailing the profitability of the big four.

Page 6: Prime Minister Malcolm Turnbull’s trip to meet President Donald Trump in Washington next week will be bolstered by the most senior business delegation to visit the United States, including billionaires Anthony Pratt and Kerry Stokes, to celebrate ‘‘100 years of mateship’’ with administration officials and state governors.

Page 8: NBN is forecasting more than a million Australians will sign up for faster speeds on the national broadband network by the middle of this year, thanks to a long awaited promotional price cut.

Page 14: Anglo-Australian mining giant Rio Tinto has started mulling a full or partial ASX listing of its multibillion-dollar Pacific Aluminium division.

Page 20: Equity market nerves will be tested again this week when the first US inflation print of the year is released, after a flash of heat in wages 10days ago caused a Wall Streetcorrection and unleashed volatility at a ferocity unseen since 2015.

 

 

The Australian

Page 1: BHP boss Andrew Mackenzie has joined chief executives of Australia’s largest employers in calling on the Senate to pass the company tax cuts, claiming the issue is now critical to whether companies like the global mining giant invest more in the country.

Page 2: Resources Minister Matt Canavan has warned that Australia’s energy markets in Asia are under threat as the US ramps up exports of coal and gas under President Donald Trump.

Page 5: Day surgery providers argue they are the “future of elective surgery” in Australia and can keep costs down if they are not strangled by government red tape and caught up in disputes between doctors and health insurers.

Page 6: At least two big banks have been selling their customers mortgage protection insurance policies up to three times more expensive than similar policies sold widely by independent financial advisers.

Page 17: ANZNational Australia Bank and Westpac joined Commonwealth Bank in failing to tell term deposit customers seeking a safe haven at the peak of the global financial crisis what interest rate they would get after their investment rolled over, The Australian can reveal.

The nation’s hardware suppliers have begun to sound out industry leader Bunnings over the possible consequences of them selling to online giant Amazon while also remaining a supplier to the retail chain, with the hardware sector set to be a key battleground between online players and traditional bricks-and-mortar stores.

Page 18: Australia’s energy-intensive industry could become globally competitive again using new, disruptive technology and efficiency measures, French energy giant Schneider Electric says.

Page 19: Substandard internet connectivity in regional Australia is slowing down the pace of productivity improvements across the agriculture sector, says the head of agribusiness Ruralco.

Page 24: Foxtel has boosted its drama offering after signing new deals with 21st Century Fox and HBO, snapping up a raft of US shows — including content previously aired on Ten.

 

 

The West Australian

Page 3: Classic works by William Shakespeare and WA author Tim Winton could be withdrawn from an Anglican school in the South West as part of a push to expunge sex and vulgar language from classrooms.

Page 5: Voters will pay to have their dinner interrupted as the major political parties prepare to unleash millions more robocalls on Australian homes under new taxpayer-funded perks given to MPs.

Page 7: The multimillionaire who let out a property to Barnaby Joyce and his lover rent free says the Deputy Prime Minister phoned him to ask for a place to stay.

Page 9: The leader of the Australian Republic Movement, Peter Fitz-Simons, has backed the push to make passionate pro-republic advocate Kim Beazley the next governor of WA.

Page 16: Australian governments are on track to meet less than half their targets to address indigenous disadvantage despite billions of dollars sunk into the national program over the past decade.

Business: Energy greenhorn Western Gas believes it will have the Equus gas field on the North West Shelf producing by 2023 — something oil major Hess failed to achieve despite pumping $1.5 billion into the project over 10 years.

Bitcoin clawed its way back from the four-month low of $US5922 it touched on Tuesday, rebounding 53 per cent to $9069. The S&P 500 Index and the Dow Jones Industrial Average both fell more than 5 per cent last week, wiping out gains for the year.

The popularity of air travel is soaring on the back of resurging economies and lower airfares and the two giant airframe suppliers are delivering planes in record numbers to meet demand.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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