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PM pressured to dump tax cuts
Malcolm Turnbull faces pressure to dump his company tax cuts after a poor showing in Saturday’s byelections stoked concerns in his party that he will struggle to win seats in the clutch state of Queensland at the federal election. The Fin
Oil shock looms as spending falls
Investment in the oil industry fell 25 per cent in 2015 and 2016, according to the International Energy Agency. The Aus
Aussie tech deals drop as sector ‘less frothy’
The average tech investment deal value in Australia has dropped by almost $1 million compared with the second quarter of calendar year 2017, and the number of acquisitions and investments has fallen by 9 per cent to 53. The Fin
Debt sell-off could save WA millions
Fresh from meetings in Britain, Europe and the US with investors and ratings agencies, Treasurer Ben Wyatt said the Budget could save up to $60 million a year in lower interest payments because of the renewed interest in WA debt. The West
Blowout fears for Gold Road
Investors will be keeping a close eye on Gold Road Resources this week, with fears mounting of another cost blowout on its Gruyere joint venture gold project 200km north-east of Laverton. The Fin
All go at Wheatstone LNG project as Chevron looks to east coast
Chevron has reported stellar performance from the second LNG train at its $US34 billion ($46 billion) Wheatstone LNG venture in Western Australia, with the larger Gorgon project also performing solidly after its patchy start-up. The Aus
TPG nabs Healthscope pathology unit with a $300m injection
Dataroom understands the business has been sold to private equity group TPG for just under $300 million, a multiple of 15 times earnings for the division. The Aus
Netflix, Stan lead on-demand growth
The value of Stan in the Nine takeover of Fairfax has been underscored by new research showing the number of Australians paying for video streaming services has doubled in the last year. The Fin
The Australian Financial Review
Page 1: Malcolm Turnbull faces pressure to dump his company tax cuts after a poor showing in Saturday’s byelections stoked concerns in his party that he will struggle to win seats in the clutch state of Queensland at the federal election.
Page 2: The corporate regulator’s coercive approach has led audit firms to engage in standard ‘‘box-checking’’, which in turn may decrease overall audit quality.
Page 5: West Australian Liberals believe the decision not to run in the Perth and Fremantle byelections has been vindicated after Super Saturday byelection results saw swings against the government in the eastern states.
Page 13: The benchmark S&P/ASX 200 index has shrugged off ramping worries over rising global trade tensions, China deleveraging and US Fed rate hikes to close above 6300 points on Friday for the first time since January 2008.
Magellan’s Hamish Douglass cannot say confidently whether bank stocks will be a sound investment in 10 years, because nobody has been able to articulate the sector’s vulnerability to fintech.
Page 15: Mining giant South32 could seek to use international arbitration to resolve a Colombian legal battle over whether its nickel mine there is making local communities sick.
Chevron has reported stellar performance from the second LNG train at its $US34 billion ($46 billion) Wheatstone LNG venture in Western Australia, with the larger Gorgon project also performing solidly after its patchy start-up.
Page 17: Confusion about the roles and responsibilities of ASIC and APRA is putting Australia’s $2.6 trillion retirement savings system at risk, according to a respected academic.
Commonwealth Bank of Australia has built a blockchain which has been used by its logistics clients Pacific National, Patrick and OOCL to monitor a shipment of 17 tonnes of almonds from Victoria to Germany.
Page 18: The average tech investment deal value in Australia has dropped by almost $1 million compared with the second quarter of calendar year 2017, and the number of acquisitions and investments has fallen by 9 per cent to 53.
Page 29: The value of Stan in the Nine takeover of Fairfax has been underscored by new research showing the number of Australians paying for video streaming services has doubled in the last year.
Page 31: Institutional investment is expected to make further inroads into alternative real estate sectors as the core commercial property types become more scarce, according to JLL.
The Australian
Page 1: Malcolm Turnbull has maintained his commanding lead over Bill Shorten as the nation’s preferred prime minister, despite Labor holding all of its seats in the weekend’s by-elections.
Page 2: Homebuyers are taking their time to purchase as the housing market cools, with fewer than 60 per cent of properties selling at auction at the weekend.
Page 5: Both major political parties concede they must address the strong showing for independents and minor parties in the Braddon byelection, as a fisherman turned kingmaker warned of widespread voter disillusionment.
Page 17: Fresh gas shortages on Australia’s east coast could emerge from mid-2019 — two years sooner than official forecasts — due to a sharp decline in Victorian offshore gas production piling renewed pressure on domestic prices, a private firm fronted by former BHP executives has warned.
Page 18: Dataroom understands the business has been sold to private equity group TPG for just under $300 million, a multiple of 15 times earnings for the division.
Page 19: Origin Energy is set to receive more than $500 million cash from the Australia Pacific LNG export project in Queensland this financial year if oil prices remain stable, helping pave the way for a return to dividends, as recent onshore gas productivity moves boost profits from the project.
Page 21: AustralianSuper is pressing ahead with its international property strategy, picking up its first multi-family residence in the US and winning tech company Facebook as a key tenant for a major London office development.
Page 22: Investment in the oil industry fell 25 per cent in 2015 and 2016, according to the International Energy Agency.
The West Australian
Page 3: West Australians could eventually be forced to have a facial scan when buying alcohol at a bottle shop after Racing and Gaming Minister Paul Papalia said the technology had merit.
Page 5: Thousands of West Australians will be asked by the Electoral Commission to explain their failure to vote after the Perth and Fremantle by-elections recorded the lowest turnout since compulsory voting was implemented almost a century ago.
Page 6: The quarterly CommSec state of the States report confirms WA is way off the pace of other parts of the country on the back of a soft jobs market and the end of the mining construction boom.
Page 14: Fresh from meetings in Britain, Europe and the US with investors and ratings agencies, Treasurer Ben Wyatt said the Budget could save up to $60 million a year in lower interest payments because of the renewed interest in WA debt.
Business: Investors will be keeping a close eye on Gold Road Resources this week, with fears mounting of another cost blowout on its Gruyere joint venture gold project 200km north-east of Laverton.
The Federal Court has placed an injunction on the parent company of the Beacon financial advice group and a related investment company Endeavour Securities (Australia).
International share manager Paul Moore is shaking the tin for a new $105 million-plus listed investment company that he reckons will tackle a problem facing the sector.