15/08/2018 - 06:49

Morning Headlines

15/08/2018 - 06:49

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Turnbull’s leadership test as 10 Coalition MPs reserve right to cross floor

Morning Headlines

Turnbull’s leadership test as 10 Coalition MPs reserve right to cross floor

Malcolm Turnbull’s authority has been directly challenged by 10 Coalition MPs reserving the right to cross the floor of parliament to vote against the government’s signature energy policy and leave the Prime Minister at the mercy of Bill Shorten to pass the national energy guarantee. The Aus

Downsizers underwrite apartment resilience

Urbis director David Cresp said despite Perth’s overall slower residential market, the apartment sector appeared resilient with second-quarter sales slightly lower than for the same quarter a year ago (348) but well above the 307 quarterly average for last year. The West

WA’s $400m aged-care spree

WA aged-care and home-care services providers have outlined plans for hundreds of millions of dollars in development, upgrade and expansions plans. The West

CFMEU should be deregistered: judges

Federal Court judges have blasted the construction union for its ‘‘disgraceful’’ and ‘‘shameful’’ record of deliberately breaking workplace laws and suggested the militant union should be deregistered. The Fin

Barrick sees Super Pit sale

Canadian gold giant Barrick is keeping the door open to selling its half-stake in the Super Pit, with company chairman John Thornton telling investors in North America it still plans to sell its non-core assets. The West

Mercer swoops on Santanol

KKR has found a buyer for its Western Australian sandalwood company, Santanol Group. The Fin

WA’s Landgate automatic title service attracts MIRA interest

Macquarie Infrastructure and Real Assets will likely be one of the eager buyers of the Landgate interests in Western Australia when they come up for sale. The Aus

CBA’s 15,000 ‘crimes’ waved on by APRA

Commonwealth Bank’s wealth management arm, Colonial First State, committed more than 15,000 criminal offences by failing to move super customers from a high-fee fund to low-fee accounts, the financial services royal commission has heard. The Aus

 

 

The Australian Financial Review

Page 3: Federal Court judges have blasted the construction union for its ‘‘disgraceful’’ and ‘‘shameful’’ record of deliberately breaking workplace laws and suggested the militant union should be deregistered.

The Academic Ranking of World Universities, or the Shanghai Rankings, show that six Australian universities are in the top 100, compared with just three in 2003 when the ratings were first published.

Page 5: The Turnbull government has escalated its trade dispute with Canada over discriminatory treatment of Australian wine exports.

Page 10: The scale of NAB’s inability to report licence breaches on time has been revealed in a document published by the Hayne royal commission, which shows the bank breaking conditions of its licence at the alarming rate of about once every week between 2014 and 2017.

Page 12: China’s economy is showing further signs of cooling as the US prepares to impose even tougher trade tariffs, with investment in the first seven months of the year slowing to a record low and retail sales softening, data showed on Tuesday.

Page 15: Cochlear chief executive Dig Howitt says the hearing implant pioneer will more aggressively market the benefits of its technology to seniors and emerging markets, led by China, to extend its outstanding record of profit growth.

Page 16: KKR has found a buyer for its Western Australian sandalwood company, Santanol Group.

Page 18: Investors who backed online retailer Shoes of Prey have had 87 per cent wiped off the value of their investment as the company faces a last-ditch bid to secure a funding lifeline.

Page 35: Centuria Capital, an investment and property fund manager, has posted a bumper profit after increasing its assets under management by 29 per cent to $4.9 billion.

 

 

The Australian                                                                                                                          

Page 1: Malcolm Turnbull’s authority has been directly challenged by 10 Coalition MPs reserving the right to cross the floor of parliament to vote against the government’s signature energy policy and leave the Prime Minister at the mercy of Bill Shorten to pass the national energy guarantee.                                                                                                                     

Page 3: Big industry super fund Hostplus spent $260,000 of its members’ money wining and dining 120 chief executives and employer representatives at the Australian Open this year as part of an annual pilgrimage to the tennis major, the financial services royal commission has heard.                                                                                                                                                                       

Page 4: Foreign Investment Review Board chief David Irvine has delivered a strident defence of Australia’s foreign investment regime and insists there is no “blacklist” targeting certain countries amid concerns about Chinese investment.                                                           

Page 19: Commonwealth Bank’s wealth management arm, Colonial First State, committed more than 15,000 criminal offences by failing to move super customers from a high-fee fund to low-fee accounts, the financial services royal commission has heard.                                            

Shares in pizza giant Domino’s plunged as much as 13 per cent yesterday on a weaker start to 2019 and after its guidance for the year ahead missed consensus estimates.                   

Page 20: Macquarie Infrastructure and Real Assets will likely be one of the eager buyers of the Landgate interests in Western Australia when they come up for sale.

 


The West Australian

Page 10: Federal Environment Minister Josh Frydenberg has urged the McGowan Government to be more ambitious in its rollout of non-lethal shark drum lines, saying they should be deployed “up and down the west coast”.

Business: Canadian gold giant Barrick is keeping the door open to selling its half-stake in the Super Pit, with company chairman John Thornton telling investors in North America it still plans to sell its non-core assets.

Property developer and builder John Simpson, one of WA’s wealthiest people and founder of Summit Homes Group, has died.

Indonesian billionaire Anthoni Salim looks set to finally enjoy a big payday from his long-held investment in Atlantic, owner of the cursed Windimurra vanadium project near Mt Magnet.

Property: WA aged-care and home-care services providers have outlined plans for hundreds of millions of dollars in development, upgrade and expansions plans.

Urbis director David Cresp said despite Perth’s overall slower residential market, the apartment sector appeared resilient with second-quarter sales slightly lower than for the same quarter a year ago (348) but well above the 307 quarterly average for last year.

Occupancy and rental rates in WA’s industrial property market remain stubbornly low, despite unmet demand for high-quality offerings from east coast buyers.

Moondyne Joe’s pub and bistro, at 69-73 Wray Avenue, Fremantle, will be auctioned as a going concern.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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