12/06/2018 - 06:08

Morning Headlines

12/06/2018 - 06:08

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Kim raises ‘new era’ with US

Morning Headlines

Kim raises ‘new era’ with US

Hopes are high that Donald Trump and Kim Jong-un will map out a plan to end the decades-old nuclear stand-off on the Korean Peninsula on Tuesday, following a series of high-level talks in Singapore between the United States and North Korea, and Pyongyang’s declaration it was prepared to forge a ‘‘new relationship’’ with its American enemy. The Fin

Future Fund looks to offload container port operator

The $140.8 billion Future Fund is understood to be poised to sell its 20 per cent stake in the country’s largest shipping terminal operator and manager, the $3.5 billion DP World Australia. The Aus

Dover founder pre-empts ASIC with closure

Dover Financial Group’s founder has pre-empted a move by the corporate regulator to strip the firm of its operating licence by dramatically closing the business – leaving 20,000 investors stranded. The Fin

Chinese direct investment slows as political climate cools

Chinese direct investment into Australia is on the wane and top Chinese executives have warned that the worsening political climate could hit their multi-million-dollar decisions about local projects, according to a KPMG and University of Sydney study. The Aus

MinRes move on Hexagon

Mineral Resources is set to emerge as a major shareholder in Hexagon Resources under a $6 million capital raising by the graphite hopeful. The West

Westpac dumps Prospa

Westpac Banking Corp has ended its referral relationship with Prospa, a sign major banks are preparing to ramp up unsecured small business lending to try to regain some of the market that has been surrendered to start-ups. The Fin

Potential interest in failed Kambo’s stores

Joint administrator Cameron Shaw, who was appointed from Hall Chadwick to the company behind Kambo’s on Friday, said yesterday his firm had received several inquiries about the collapsed business. The West

$1000 care bonus for families

A typical WA family with two children in care will be $2178 a year better off under sweeping Federal Government reforms due to start on July 2. The West

Sino Gas investors warm to $530m offer after strategy explained

Sino Gas & Energy’s suitor Lone Star made three earlier takeover proposals at lower prices before securing the backing of the target’s board for its $530 million deal, giving grounds for what chief executive Glenn Corrie says is growing support for the offer from investors. The Fin

Game on for ‘blue highway’ to Optus Stadium

Footy fans will be able to take Perth’s “blue highway” to game days after the State Government unveiled a new ferry service to Optus Stadium. The West

 

 

The Australian Financial Review

Page 1: Hopes are high that Donald Trump and Kim Jong-un will map out a plan to end the decades-old nuclear stand-off on the Korean Peninsula on Tuesday, following a series of high-level talks in Singapore between the United States and North Korea, and Pyongyang’s declaration it was prepared to forge a ‘‘new relationship’’ with its American enemy.

Dover Financial Group’s founder has pre-empted a move by the corporate regulator to strip the firm of its operating licence by dramatically closing the business – leaving 20,000 investors stranded.

Page 2: The Turnbull government has set the ambitious goal of propelling Australia into the top three nations for digital delivery of government services within seven years.

Page 4: A family court judge has taken a swipe at barristers who charge cancellation fees after a case in which the mother clocked up almost $1 million in legal costs.

Page 5: The Turnbull government’s hopes of getting Senate backing for a fresh wave of company tax cuts continue to sink, with a key crossbencher warning they are becoming unaffordable because of the ballooning cost to build and operate 12 new submarines.

Page 9: A survey of 1000 farmers shows confidence has withered to its lowest level in five years, with 75 per cent now negative about the next 12 months.

Page 11: Australia Post misrepresented the growth potential and banking accreditation to licensed post office owners in 2006, but the aggrieved franchisees have no affordable recourse, a Senate inquiry into franchising has been told.

Page 15: Westpac Banking Corp has ended its referral relationship with Prospa, a sign major banks are preparing to ramp up unsecured small business lending to try to regain some of the market that has been surrendered to start-ups.

Page 20: Bibliotech Education, founded in London in 2013 by an all-WA team including Bunbury-born Rhodes scholar David Sherwood, has inked deals with publishers of academic textbooks including Wiley, OUP, SAGE, McGraw-Hill and Pearson.

Page 27: Sino Gas & Energy’s suitor Lone Star made three earlier takeover proposals at lower prices before securing the backing of the target’s board for its $530 million deal, giving grounds for what chief executive Glenn Corrie says is growing support for the offer from investors.

Page 30: Research by Citigroup forecasts 10 per cent battery electric vehicle penetration by 2030 as a base case scenario, by which time it predicts China and Europe will still be the biggest markets for electric cars.

 

 

The Australian

Page 1: Papua New Guinea elites have branded Australia’s $541 milliona-year PNG aid program as “paternalistic” and overly bureaucratic compared with what they say is “more flexible” and “more effective” support from China.

Page 3: Rates of return for workers who invest in the cash-option of the NAB staff super fund are about 6½ times greater than what customers receive from a public version of the same product.

Page 5: After revealing intimate details of his personal life on television, calls by former deputy prime minister Barnaby Joyce for a new way to sue the media for invasions of privacy have fallen flat.

Page 6: Clive Palmer has been ordered to disclose the entirety of his personal assets as part of a legal dispute with Queensland Nickel liquidators.

Page 7: Malaysian Prime Minister Mahathir Mohamad has called for Asian nations to “seriously” reconsider an East Asia Economic Caucus as a vehicle for negotiating fair trading conditions with China, and flagged his intention to “renegotiate” the terms of the Trans-Pacific Partnership trade deal.

Page 17: Industrial energy users are “genuinely under threat”, highlighted by conditions in NSW last week that knocked out almost a third of the coal-fired capacity.

Page 18: The $140.8 billion Future Fund is understood to be poised to sell its 20 per cent stake in the country’s largest shipping terminal operator and manager, the $3.5 billion DP World Australia.

Page 19: A stoush between the superannuation industry and the government is looming over a possible recommendation to increase or index the threshold that keeps low-income workers outside the $2.6 trillion super system, which could strip the wealth management industry of at least $50 million in annual fee revenue.

Chinese direct investment into Australia is on the wane and top Chinese executives have warned that the worsening political climate could hit their multi-million-dollar decisions about local projects, according to a KPMG and University of Sydney study.

Page 21: ASIC is expected to decide within a month if it will rubberstamp the first serious overhaul of the Banking Code of Practice in 25 years, with most of the wrangling centred on the key definition of small business.

 

 

The West Australian

Page 1: A typical WA family with two children in care will be $2178 a year better off under sweeping Federal Government reforms due to start on July 2.

Page 6: Footy fans will be able to take Perth’s “blue highway” to game days after the State Government unveiled a new ferry service to Optus Stadium

Federal Labor will today promise to fund 20 new MRI licences, with Kalgoorlie residents first in line to get access to Medicare-subsidised scans.

Page 12: Opponents of a contentious $30 million wave park near the Swan River say they will continue to fight after the State’s environmental watchdog ruled there were no significant barriers to stop it going ahead.

Opposition Leader Mike Nahan has accused the State Government of “dropping the ball” in the race to house Australia’s space agency, saying more needs to be done to beat other States.

The vacated, 37,000sqm Princess Margaret Hospital site will likely become a prime residential development now that patients have been transferred to the new Perth Children’s Hospital.

Page 14: Economic Development and Activation director Annaliese Battista has been appointed Gold Coast Tourism chief executive.

Town of Cambridge councillors have received the results of a $66,000 investigation into governance in the western suburbs council but ratepayers have yet to learn if its findings will be made public.

Page 16: One of Australia’s wealthiest families will match public donations dollar for dollar as part of a fresh campaign to eradicate feral cats, the scourge of Australia’s native wildlife.

Business: Joint administrator Cameron Shaw, who was appointed from Hall Chadwick to the company behind Kambo’s on Friday, said yesterday his firm had received several inquiries about the collapsed business.

Mineral Resources is set to emerge as a major shareholder in Hexagon Resources under a $6 million capital raising by the graphite hopeful.

Rebel sandalwood growers linked to Quintis have seized control of the first of what could be more than a dozen management investment schemes from the collapsed WA company on their second attempt

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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