30/10/2018 - 06:57

Morning Headlines

30/10/2018 - 06:57

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Henderson in line for $200m defence boost

Morning Headlines

Henderson in line for $200m defence boost

Defence Minister Christopher Pyne will today announce that a $200 million military survey vessel will be built in WA, safeguarding jobs at the Henderson shipbuilding precinct. The West

Rise in WA homebuyers behind on mortgages

Homebuyers across Perth’s mortgage belt are falling further behind on their loans, just as inner suburbs show signs of improvement, according to figures. The West

Palmer’s new legal fight with ore giant

Chinese giant Citic will pursue former MP Clive Palmer for damages as part of the latest legal dispute stemming from its disastrous $16 billion Sino Iron project in Western Australia. The Aus

Turnbull’s rescue mission

Malcolm Turnbull has reset relations with Indonesia and expressed confidence the Free Trade Agreement will be signed next month after meeting with Indonesian President Joko Widodo. The Fin

Billionaires battle over small change

The West Australian Court of Appeal ruled on Monday that Hancock Prospecting would not have to pay special costs to Wright Prospecting in relation to the dispute over the high-grade Rhodes Ridge deposit. The Fin

Relief looms for lower-grade ore miners

Australia’s lower-grade iron ore miners could be in for some respite with analysts predicting the price penalties applied to their products may continue to shrink in coming weeks. The Fin

Kogan cops a hiding as GST changes bite

Online retailer Kogan.com is in the ‘‘sin bin’’ after revealing changes to the GST and increased competition had crunched sales and gross margins – less than two months after co-founders Ruslan Kogan and David Shafer sold $40 million of shares. The Fin

 

 

The Australian Financial Review

Page 1: Malcolm Turnbull has reset relations with Indonesia and expressed confidence the Free Trade Agreement will be signed next month after meeting with Indonesian President Joko Widodo.

Shareholders of Corporate Travel Management may have to wait until tomorrow to find out how much damage a scathing presentation by hedge fund VGI Partners has inflicted on the listed travel business.

Online retailer Kogan.com is in the ‘‘sin bin’’ after revealing changes to the GST and increased competition had crunched sales and gross margins – less than two months after co-founders Ruslan Kogan and David Shafer sold $40 million of shares.

Page 3: Former prime minister Tony Abbott has urged the government to maintain its hardline stance towards asylum seekers, including children, amid a new poll slump for the government.

Page 4: Non-profit superannuation funds have highlighted a Productivity Commission finding that better governance may play a role in their outperformance.

Page 5: Arrogant, dictatorial’ but not embarrassed Cricket Australia chairman David Peever refuses to resign despite cricket’s governing body being branded ‘‘arrogant’’ and ‘‘dictatorial’’ by stakeholders in a scathing independent review.

Page 6: Opposition Leader Bill Shorten said a Labor government would adopt a more independent foreign policy that speaks ‘‘truth to power’’ as he raised concerns about both China’s treatment of Uighur Muslims and US President Donald Trump’s ‘‘America First’’ approach to the region.

Page 8: The Construction, Forestry, Maritime, Mining and Energy Union has gone up against Industrial Relations Minister Kelly O’Dwyer to defend a sweeping court ruling that held regular casuals were entitled to annual leave.

Page 10: Low level of public trust in major banks is being used as ammunition by fintech competitors to lure away their Millennial customers, says Afterpay’s executive director Anthony Eisen, in an indication the Hayne royal commission could embolden the fintech sector to further improve services and reduce fees.

Page 13: Rio Tinto chief executive Jean-Sebastien Jacques has challenged governments to accept more project risk if they want a greater share of wealth from the mining industry, in comments that follow two years spent fighting royalty grabs by Western Australia and Mongolia.

Page 18: Australia’s lower-grade iron ore miners could be in for some respite with analysts predicting the price penalties applied to their products may continue to shrink in coming weeks.

The West Australian Court of Appeal ruled on Monday that Hancock Prospecting would not have to pay special costs to Wright Prospecting in relation to the dispute over the high-grade Rhodes Ridge deposit.

 

 

The Australian                                                                                                                          

Page 2: A landmark investigation will use data-matching to look for evidence of public hospitals billing Medicare for patient care, in breach of funding agreements, as more major health entities face the prospect of being ordered to repay the commonwealth.

Chinese giant Citic will pursue former MP Clive Palmer for damages as part of the latest legal dispute stemming from its disastrous $16 billion Sino Iron project in Western Australia.

Page 4: Scott Morrison is facing pressure from Coalition MPs to take action on rising petrol prices, including a call to lower the $12 billion a year fuel excise, after the Prime Minister shifted responsibility for reducing bowser costs to the competition watchdog.

Page 8: Former army captain Jair Bolsonaro has been elected president of Brazil, promising a fundamental change in direction for the giant Latin American country, the latest to take a turn to the Right.

Page 17: Losses are deepening for apartment buyers and more mortgage holders are tipped to fall behind on their repayments as the nation’s east coast housing market shifts closer to a correction.

Page 18: The country’s second largest private hospital operator, Healthscope, is tipped to be shutting smaller hospitals as it braces itself for tougher times under a Labor government.

Page 19: Adult education provider Navitas has rejected a $1.97 billion proposal from a consortium led by private equity firm BGH Capital and AustralianSuper, but a schism has opened up among its board members after director and former chief executive Rodney Jones was asked to leave as he is part of the bidder group.

 

                                

The West Australian

Page 3: Camp Australia has run foul of the licensing authorities and the State Administrative Tribunal seven times in the past six years, including for letting children wander away from childcare centres and for not having enough staff to supervise.

Page 7: Homebuyers across Perth’s mortgage belt are falling further behind on their loans, just as inner suburbs show signs of improvement, according to figures.

Page 9: Premier Mark McGowan has laid out his ambitions for WA to become a major defence industry hub, with the release of a strategic plan to attract investment from weapons companies.

Page 12: A contentious $3 million grant to a Mt Hawthorn soccer club is yet to be handed over — two months after it was announced— as Federal bureaucrats scramble to determine whether it is value for money.

Business: Defence Minister Christopher Pyne will today announce that a $200 million military survey vessel will be built in WA, safeguarding jobs at the Henderson shipbuilding precinct.

The forced sale of a $60 million stake in Tribune Resources threatens to loosen chief executive Anton Billis’ long-held control of the little-traded but prosperous gold miner.

Gascoyne Resources lost more than half its value yesterday after the fledgling gold producer’s newly appointed chairman and long-serving managing director departed suddenly.

Pork producers have welcomed charges laid against a major WA piggery and two individuals for allegedly illegally importing pig semen, saying the actions if proved had the potential to damage the nation’s $5.3 billion pork industry.

Alkane Resources will take a stake in Explaurum to help push the Tampia gold project in the Wheatbelt, a move that may stymie a takeover bid by Ramelius Resources.

Ausdrill and Barminco joint venture contractor African Underground Mining Services has secured a $US375 million ($530 million) contract at Anglo-Gold Ashanti’s Obuasi project in southern Ghana.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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