Iron ore miners tipped to have record quarter
Iron ore miners tipped to have record quarter
The world’s three biggest iron ore miners are expected to confirm the industry’s strongest ever quarterly export figures this week, helping to explain recent weakness in prices for the bulk commodity. The Fin
AMP, Primewest to cash in on transformed Exchange tower
The surging value of office assets in the West Australian capital has prompted AMP Capital to join Primewest in putting its stake in Exchange tower on the block, with the entire complex likely to garner offers close to $350 million. The Aus
Rising cost of phoenixing delivers $5b hit to economy
Phoenixing is costing the economy as much as $5 billion a year through unpaid wages, invoices and tax bills, a new report claims, as the Turnbull government intensifies its crackdown on dodgy company directors. The Fin
Banks face $70b gap in funding
Australia’s banks will be forced to find an additional $70 billion of funding as superannuation funds shift out of cash into international assets while indebted households draw down on their savings. The Fin
Labor leader under pressure as Turnbull extends his lead
A Newspoll conducted exclusively for The Australian shows Mr Turnbull has extended his lead over the Labor leader by four points, blowing out the margin to 19 points. The Aus
Ramsay wants European rival Capio
Ramsay Health Care chief executive Craig McNally said the Scandinavian jewel in the crown of European rival Capio, which the company has bid $1 billion for, uses digital technology to deliver superior medical care, which he hopes to make a feature of his Australian business too. The Fin
Ausdrill could be a target after Sayers’ stake sale
Ausdrill, which is listed with a $600 million market value, has been in the crosshairs of parties before, but the challenge for any buyer has always been that about 20 per cent of the register has been locked up by Mr Sayers and his allies. The Aus
No winter blues for wool price
Australian sheep farmers are confident restricted supply will underpin high wool prices for years as the fibre continued its stellar run in the last sales before today’s winter recess. The West
The Australian Financial Review
Page 1: Australia’s banks will be forced to find an additional $70 billion of funding as superannuation funds shift out of cash into international assets while indebted households draw down on their savings.
The world’s top energy expert body has endorsed the Coalition’s proposed National Energy Guarantee as an ‘‘innovative’’ policy to help stimulate investment while lowering emissions, delivering a boost to the Turnbull government’s efforts to win over the states and settle Australia’s power wars.
Page 2: Phoenixing is costing the economy as much as $5 billion a year through unpaid wages, invoices and tax bills, a new report claims, as the Turnbull government intensifies its crackdown on dodgy company directors.
Page 3: Optus is believed to have finalised a deal for local broadcasting rights to all European national team football for the next four years, including the UEFA European Championship and the Nations League.
Page 6: Australia’s growing network of free trade deals is crucial to buffeting the economy against damage from the escalating trade war between the US and China, Trade Minister Steven Ciobo says.
Page 7: Labor is examining cutting the use of private contractors providing information technology services to government departments, believing the public service’s internal capacity has been allowed to wither with outsourcing.
Page 9: The Kremlin has said Vladimir Putin and Donald Trump may not issue a joint statement after their ‘‘difficult’’ summit in Helsinki on Monday, suggesting a conflict over Russian interference in the US election was tripping up talks before they even began.
Page 13: The world’s three biggest iron ore miners are expected to confirm the industry’s strongest ever quarterly export figures this week, helping to explain recent weakness in prices for the bulk commodity.
Page 15: Ramsay Health Care chief executive Craig McNally said the Scandinavian jewel in the crown of European rival Capio, which the company has bid $1 billion for, uses digital technology to deliver superior medical care, which he hopes to make a feature of his Australian business too.
Five of the seven gold stocks in the ASX 200 index, including Saracen, St Barbara, Regis, Newcrest and Resolute, achieved returns of more than 35 per cent.
Page 18: Aldoro Resources managing director Bill Oliver hopes improved technology will allow the exploration company to find nickel and cobalt in parts of Western Australia, where others have tried and failed, to supply battery makers.
Page 22: Apple has lost a trio of key executives in India as it struggles to boost iPhone sales in the world’s fastest-growing major smartphone market.
Page 31: Privately owned plantation land manager New Forests has closed its third round of funding for an $873 million fund that will invest in Australian and New Zealand plantation timber, but its chief executive, David Brand, warns that pricing is getting tighter and there won’t be any acquisitions of distressed sandalwood.
The Australian
Page 1: A Newspoll conducted exclusively for The Australian shows Mr Turnbull has extended his lead over the Labor leader by four points, blowing out the margin to 19 points.
Bill Shorten is preparing a retreat on his proposed 2 per cent cap on health insurance premium increases in a bid to shield regional and smaller not-for-profit funds favoured by unions and better target big, listed insurers.
Page 2: The regulator for the nation’s entire $2.6 trillion superannuation industry has for many years misled the public by falsely claiming it is unable to comment regarding its policing of the nation’s biggest super funds.
Page 17: The Australian understands no major bank has yet been given the green light to grow their property investor lending book above 10 per cent, despite the regulator declaring the removal of the cap in April.
Page 18: Ausdrill, which is listed with a $600 million market value, has been in the crosshairs of parties before, but the challenge for any buyer has always been that about 20 per cent of the register has been locked up by Mr Sayers and his allies.
Page 19: OANDA chief executive Vatsa Narasimha is looking for mergers and acquisition opportunities in Australia as the online foreign exchange trading industry faces consolidation amid increasing regulatory pressures.
Page 21: Properly giant Lendlease is doubling down on its British expansion and has been short-listed with a rival consortium to undertake the £1 billion-plus ($1.8bn -plus) redevelopment of Smithfield Market in Birmingham.
The surging value of office assets in the West Australian capital has prompted AMP Capital to join Primewest in putting its stake in Exchange tower on the block, with the entire complex likely to garner offers close to $350 million.
The West Australian
Page 3: Magistrates on more than $320,000 a year begged the State Government to back down from its pay freeze for senior public officials, telling Attorney-General John Quigley the four-year Budget savings measure was “unfair” on them.
Page 5: West Australians are behind the Federal Government’s proposed fix for the national GST distribution, according to the Chamber of Commerce and Industry, which says recent polling backs the plan.
Page 12: Agriculture Minister Alannah MacTiernan has flagged a State Government-backed marketing push into the Middle East for WA’s meat industry to help overcome any problems caused by controversy about live sheep exports.
Business: One of WA’s most successful commercial property investors has warned buyers eyeing a counter-cyclical investment in Perth that they could be waiting a long time to realise value.
Australian sheep farmers are confident restricted supply will underpin high wool prices for years as the fibre continued its stellar run in the last sales before today’s winter recess.
