24/08/2018 - 06:47

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24/08/2018 - 06:47

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Liberals’ high noon shootout

Liberals’ high noon shootout

Peter Dutton is the favourite entering today’s high noon Liberal leadership showdown with Scott Morrison and Julie Bishop but the divisions which have ruptured the party are set to continue, regardless of the result. The Fin

Huawei, ZTE barred from 5G contracts

The federal government’s decision to block Huawei from the 5G network on national security grounds was finalised after Malcolm Turnbull challenged the insistence of then home affairs minister Peter Dutton, backed by ASIO, to fully exclude the Chinese telco equipment giant in the new-generation mobile technology. The Fin

US-China trade war moves to Round 2

The US and China escalated their acrimonious trade war on Thursday, implementing punitive 25 per cent tariffs on $US16 billion worth of each other’s goods. The Fin

Woolworths faces $1bn claim in ‘lost pay’

The Retail and Fast Food Workers Union has launched legal action in a bid to make Woolworths liable for up to $1 billion in alleged underpayments to its workforce. The Aus

Chinese favoured for MinRes deal

Leading Chinese lithium producer Shandong Ruifu is believed to be closing in on the $1.5 billion-plus stake in the Wodgina lithium project owned by Mineral Resources. The Aus

Dutton has case to answer over interests

A groundswell of advice from noted constitutional lawyers suggests the Solicitor-General will likely advise the government today that there are doubts over Peter Dutton’s right to sit in Parliament. The Fin

Sheffield closer to native title deal

Sheffield Resources has had a breakthrough in its dispute with an indigenous group standing in the way of its Thunderbird mineral sands project in the Kimberley. The West

 

 

The Australian Financial Review

Page 1: Peter Dutton is the favourite entering today’s high noon Liberal leadership showdown with Scott Morrison and Julie Bishop but the divisions which have ruptured the party are set to continue, regardless of the result.

A groundswell of advice from noted constitutional lawyers suggests the Solicitor-General will likely advise the government today that there are doubts over Peter Dutton’s right to sit in Parliament.

Page 7: Nationals MPs and Deputy Prime Minister Michael McCormack plan to reassert their power in the renegotiation of the Coalition agreement if Malcolm Turnbull is toppled on Friday.

Page 9: The federal government’s decision to block Huawei from the 5G network on national security grounds was finalised after Malcolm Turnbull challenged the insistence of then home affairs minister Peter Dutton, backed by ASIO, to fully exclude the Chinese telco equipment giant in the new-generation mobile technology.

Page 14: The US and China escalated their acrimonious trade war on Thursday, implementing punitive 25 per cent tariffs on $US16 billion worth of each other’s goods.

Page 17: Qantas Airways chief executive Alan Joyce has vowed to ‘‘substantially’’ offset the cost of surging fuel prices by slashing costs and through more efficient use of aircraft as the national carrier delivered a record underlying profit.

High asset prices have pushed South32’s acquisition lens towards more exploration opportunities, and the miner is keenly anticipating drilling results due to be published later this week by the Alaskan explorer in which it owns a strategic stake.

Page 19: Australia’s rising population and ongoing housing construction have helped boost Qube’s net profits by 158 per cent, enabling the logistics group to pay out a special dividend by encouraging demand for imported goods.

Page 20: Webjet’s $165 million bet on becoming a wholesaler of online hotel inventory has paid off with fatter margins featuring as the online travel agency reported a record full year underlying profit of $43.2 million.

Page 27: Iluka Resources’ chief financial officer and head of strategy and planning, Doug Warden, has resigned to become chief financial officer at grain exporter CBH Group.

Page 33: The planned merger of the Federal Circuit Court and the Family Court will do nothing to cut waiting times unless the government puts more money into the family law system, according to the nation’s peak legal body.

 

 

The Australian                                                                                                                          

Page 2: The Retail and Fast Food Workers Union has launched legal action in a bid to make Woolworths liable for up to $1 billion in alleged underpayments to its workforce.

Page 3: Western Australia could be the next state to introduce voluntary euthanasia after a cross-party parliamentary committee called for doctors to be legally able to end the lives of patients suffering an advanced terminal illness.

Page 6: The Coalition government is woefully underprepared for an early election, being millions short in terms of funding and having yet to do pre-selections in many key seats.

Page 18: Leading Chinese lithium producer Shandong Ruifu is believed to be closing in on the $1.5 billion-plus stake in the Wodgina lithium project owned by Mineral Resources.

Page 19: Nine Entertainment will spend another $800 million on local content to continue to drive future earnings and revenue growth after swinging to a full-year net profit.

Page 20: Surging alumina prices and a strong outlook helped boost shares of South32 and Alumina yesterday, as both companies delivered a strong set of profit numbers that shone a spotlight on the tight market.

Page 21: ASX-listed fintech Afterpay has ramped up its growth ambitions as it announced an expansion into Britain and a capital raising of $108 million.

Page 23: Stockland delivered a 7.5 per cent lift in funds from operations to $863 million as its land division kept performing, while its statutory profit dipped 14.2 per cent to $1.025 billion amid lower gains on financial instruments and smaller revaluation gains.

 

 

The West Australian

Page 12: Flanked by armed dignitary protection officers, Transport Minister Rita Saffioti arrived at Parliament yesterday and vowed to push ahead with taxi industry reforms despite a death threat being sent to her family home.

Business: Corporate leaders say it is “disappointing and frustrating” more leadership chaos has gripped Canberra, warning a near decade of “chopping and changing” prime ministers has harmed Australia’s business reputation.

Mineral Resources will pay no royalties on the iron ore it ships from its recently acquired Koolyanobbing mine and will receive a discount on port charges at Esperance.

Sheffield Resources has had a breakthrough in its dispute with an indigenous group standing in the way of its Thunderbird mineral sands project in the Kimberley.

Profit at David Jones has halved as its South African owner pulls popular fashion labels Country Road, Politix and Mimco from rival Myer.

Kerman Contracting has been awarded a $24 million contract to build a bulk storage facility for Talison Lithium at the inner harbour of Bunbury Port.

WA farmland prices will continue to rise over the next 24 months, albeit at a slower rate than over the past five years, according to a new report by Rabobank.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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