19/02/2018 - 07:39

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19/02/2018 - 07:39

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Merger plan: HBF agrees to $4b deal

HBF has struck a $4 billion merger with a big east coast private health insurer, saying the success of the tie-up will be measured by the cost of its premiums next year. The West

Push to rival China’s Belt and Road

Australia is discussing with the United States, India and Japan the establishment of a joint regional infrastructure scheme to rival China’s multi-billion dollar Belt and Road Initiative in an attempt to counter Beijing’s spreading influence. The Fin

Rio, Bluescope sweat on Trump tariffs

BlueScope Steel and Rio Tinto face a nervous wait as US President Donald Trump considers imposing sweeping tariffs and quotas on foreign steel and aluminum recommended on Friday by his commerce department. The Fin

Investor pressure on BHP over dual listing

Two institutional investors want BHP Billiton to provide more detail on why the time is not right to unify its duallisted structure as suggested by US activist investor Elliott Management. The Fin

Rio digs in as Vale lifts iron ore grades

Rio Tinto says it won’t tinker with the grade of its Australian iron ore exports, despite Brazilian miner Vale raising the iron content of its product in recent months and vowing to continue chasing higher grades. The Fin

WA taxpayers propping up Budgets across country

Almost all the States and Territories opposed to WA getting a fair share of GST have propped up their Budgets on the back of WA taxpayers. The West

Airport train link on track for a 2020 arrival

WA Transport Minister Rita Saffioti has declared the $1.8 billion Forrestfield-Airport rail link is on track to be completed within three years despite the complexity of the mega project. The West

Franchise wars head to court

The franchisors of Caffissimo and Croissant Express are embroiled in legal showdowns over alleged broken promises, bungled businesses and bad debts. The West

 

 

The Australian Financial Review

Page 1: Australia is discussing with the United States, India and Japan the establishment of a joint regional infrastructure scheme to rival China’s multi-billion dollar Belt and Road Initiative in an attempt to counter Beijing’s spreading influence.

Prime Minister Malcolm Turnbull has quietly overseen his own version of an ‘‘Australia first’’ trade policy, levying many of the same punitive tariffs to protect local industry that President Donald Trump has so loudly advocated for in the US.

Cattle producer David Stoate has seen dozens of cyclones pass across Western Australia’s far north in the past 25 years, but he says Tropical Cyclone Kelvin is the worst to hit his family property.

Page 3: State governments say they will reject conditions recommended in the Gonski 2.0 review to improve school performance being attached to billions of dollars of extra federal funding.

Page 6: Australia’s gas-fired power stations dramatically increased their operating hours in 2017, with some stations quadrupling output as the National Electricity Marketadjusted to the exit of Hazelwood power station.

Page 9: BlueScope Steel and Rio Tinto face a nervous wait as US President Donald Trump considers imposing sweeping tariffs and quotas on foreign steel and aluminum recommended on Friday by his commerce department.

Tech is set to remain hot for investment in 2018, with the size of Australian venture capital deals tipped to jump, as Right Click Capital partner Ben Chong anticipates a flood of companies growing from the seed stage to Series A raises.

Page 10: The Trump administration is closely analysing China’s alleged interference attempts in Australia’s democratic institutions as a case study to help calibrate Washington’s own push-back against perceived Beijing meddling in the United States.

Page 13: Two institutional investors want BHP Billiton to provide more detail on why the time is not right to unify its dual-listed structure as suggested by US activist investor Elliott Management.

Page 15: Rio Tinto says it won’t tinker with the grade of its Australian iron ore exports, despite Brazilian miner Vale raising the iron content of its product in recent months and vowing to continue chasing higher grades.

 

 

The Australian

Page 1: Australians have abandoned Barnaby Joyce, with two-thirds of voters believing the Deputy Prime Minister should either resign to the backbench or leave parliament entirely, intensifying pressure on Nationals MPs to force their leader to step down over the love-child scandal.

French giant Unibail-Rodamco is under pressure to recut the terms of its takeover of Sir Frank Lowy’s Westfield Corporation as the value of the one-time $32 billion takeover deal has tumbled since it was tabled in December.

Page 2: Airbnb has officially been transformed from an accommodation minnow to a giant in fewer than five years, with new figures revealing the sharing platform is on the brink of turning over $1 billion a year in Australia.

Page 3: Exemptions could be given to some reformed, low-level criminals who have been sexually abused to allow them to access the federal government’s $4 billion redress scheme.

Page 17: Australian private equity and venture capital funds are sitting on a $7.7 billion war chest after carrying out the strongest fundraising campaign in nearly a decade, which deal makers say could intensify the battle for assets this year.

Global healthcare giant Johnson & Johnson’s top executive, Joaquin Duato, has warned the Australian government needs to take note of the global race to transition to a “technology economy”, arguing it lags behind competitors with its regulatory settings.

Page 19: Woolworths’ supermarkets boss Claire Peters has restructured her core buying and replenishment teams as she accelerates Woolworths’ ambitions to bind itself closer to suppliers.

The health of Telstra’s mobile business has analysts worried as there are signs it is starting to lose ground to Optus, despite adding 130,000 postpaid customers in the first half of fiscal 2018.

 

 

The West Australian

Page 1: HBF has struck a $4 billion merger with a big east coast private health insurer, saying the success of the tie-up will be measured by the cost of its premiums next year.

Almost all the States and Territories opposed to WA getting a fair share of GST have propped up their Budgets on the back of WA taxpayers.

Page 3: Revelations about an email from a State Government chief of staff that allegedly referred to a female employee as “Kim Jong Lard” were contained in a detailed legal letter sent to the Premier’s office last year.

Page 4: WA Transport Minister Rita Saffioti has declared the $1.8 billion Forrestfield-Airport rail link is on track to be completed within three years despite the complexity of the mega project.

Page 9: Health experts say the State Government has squibbed an ideal chance to enact its highly touted floor price on alcohol after revelations that this week’s liquor overhaul will not consider the controversial measure.
Page 17: The franchisors of Caffissimo and Croissant Express are embroiled in legal showdowns over alleged broken promises, bungled businesses and bad debts.

Business: Creating a compensation fund for farmers who are financially affected by genetically modified crop contamination on their properties could lead to misuse and false claims, according to WA’s peak farm lobby groups.

A new Uber-style app that connects ute, van and trailer owners with people needing their bulky goods transported has been developed in Perth and will go live by mid-March.

Austal will compete with four other shipbuilders in a multibillion-dollar battle to build new-generation frigates for the US Navy.

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