20/01/2014 - 06:05

Morning Headlines

20/01/2014 - 06:05

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Morning Headlines

Rinehart adds extra $265m

Gina Rinehart’s Hancock Prospecting has committed to an extra $265 million worth of shares in the giant Roy Hill iron ore dream as part of the project’s holding company issuing $378 million worth of new equity. The West

Tax break for hidden bank assets

Tax commissioner Chris Jordan has backed a plan offering wealthy people with offshore income or assets a chance to come clean and avoid jail, in a bid to recoup billions of dollars of tax revenue. The Fin

Shorten shifts priority to WA

Opposition Leader Bill Shorten says Labor will fight a re-run Senate election in WA on jobs, living standards and rising energy prices, and shadow ministers will spend more time in the State to understand it better. The West

Hogan to take seat on Virgin board

Etihad Airways chief executive James Hogan will personally take up the board seat on offer from Virgin Australia Holdings in a move that could increase the likelihood the heads of Air New Zealand and Singapore Airlines will follow suit. The Fin

Australia tipped to overtake China in shale boom

Australia is being touted as the place most able to replicate the shale gas and oil success of the US, overtaking China, where exploration is struggling to gain traction, and other nations that pose too much regulatory risk. The Aus

Tributes for man who transformed Broome

Former WA politicians have remembered the man credited with transforming Broome for his “extraordinary” ability to see the value in things others did not. Lord Alistair McAlpine, a former adviser to British prime minister Margaret Thatcher, died aged 71 on Friday at his home in Italy after a recent bout of ill health. The West 

Qantas cap rule change in doubt

Qantas is struggling to gain support in parliament for an overhaul of its ownership rules as it urges a government decision to help prevent its financial losses from deepening. The Aus

Investors cold on Westfield rebranding

Westfield Group management shows no sign of changing the terms of the split of its local and international operations, despite a chilly early market reception and investor backlash to the deal. The Fin

$63bn China fund eyeing assets sell-off

The $US60 billion ($63bn) China Merchants Group, one of China’s biggest state-owned enterprises, is eyeing investment opportunities in Australia as state governments look to privatise assets such as toll roads and other infrastructure to reduce debt. The Aus

 

 

The Australian Financial Review

Page 1: Tax commissioner Chris Jordan has backed a plan offering wealthy people with offshore income or assets a chance to come clean and avoid jail, in a bid to recoup billions of dollars of tax revenue.

Labor is open to co-operation with the Abbott government on what could be controversial proposals put forward by its Commission of Audit, according to Opposition Leader Bill Shorten, and will examine reforms case by case rather than sticking to blind ideology.

Page 3: Workers at a major BHP Billiton coal port will receive above-inflation pay rises and qualify for a $2000 bonus simply by turning up to work.

Page 4: Professional women want the childcare rebate extended to nannies, but welfare groups say it should be restricted to lower-income families.

Indonesia’s leader says he felt betrayed by Prime Minister Tony Abbott’s handling of the phone tapping spy scandal that prompted the downgrading of relations between the two countries.

Page 5: Corporate Australia has urged the Senate to block Abbott government changes that would deny big companies access to tax breaks for investing in research and development.

Page 6: Leighton Holdings’ high-profile pursuit of former employee Gavin Hodge for alleged fraud has gone nowhere nearly three years after it was launched, court documents reveal.

Page 11: Etihad Airways chief executive James Hogan will personally take up the board seat on offer from Virgin Australia Holdings in a move that could increase the likelihood the heads of Air New Zealand and Singapore Airlines will follow suit.

Page 13: SingTel Optus may team up with companies such as Google to offer targeted and specialised services to customers in a push to make more money from its mobile users.

Page 15: Foxtel’s online movie streaming service, Presto, has failed to launch and will be delayed by up to two months because of software bugs.

Page 31: Westfield Group management shows no sign of changing the terms of the split of its local and international operations, despite a chilly early market reception and investor backlash to the deal.

 

 

The Australian

Page 1: Tony Abbott says Australia must make ‘‘a practical difference’’ to the global economy, using its leadership of the world’s premier economic group to showcase its reform plans and build prosperity and growth.

Page 2: The bank deposit guarantees introduced by the former Labor government in response to the global financial crisis have undermined competition in financial services and should be abolished or sharply curtailed, according to the academic expert appointed by Joe Hockey to his review of the financial system.

Page 3: The Abbott government will continue to turn asylum boats at sea despite fresh demands from Jakarta that the practice be suspended until Australia provides ‘‘clarification’’ about previous cross-border incursions.

Qantas is struggling to gain support in parliament for an overhaul of its ownership rules as it urges a government decision to help prevent its financial losses from deepening.

Page 15: The $US60 billion ($63bn) China Merchants Group, one of China’s biggest state-owned enterprises, is eyeing investment opportunities in Australia as state governments look to privatise assets such as toll roads and other infrastructure to reduce debt.

Australia is being touted as the place most able to replicate the shale gas and oil success of the US, overtaking China, where exploration is struggling to gain traction, and other nations that pose too much regulatory risk.

Page 17: Telstra has partnered with US-based optical cable network company Infinera to bulk up the capacity on its ultra-long-haul submarine cables to allow the telco to boost the speed and performance of its broadband networks.

Canadian dairy giant Saputo is inching towards control of Warrnambool Cheese & Butter Company with another 0.5 per cent of acceptances on Friday bringing its stake to 46.78 per cent.

 

 

The West Australian

Page 1: The State Government will delay awarding the contract for catching and killing sharks off Perth beaches after claims professional fishermen who tendered for the work had been threatened by protesters.

Page 7: The fixed-price business lunch is booming in Perth as the city’s premier restaurants fight for customers amid increasing competition and a shift in dining habits among the city’s business elite.

Page 9: A class-action lawyer says the State Government may have a case to answer for the Parkerville bushfire because of rules that make it responsible for power equipment on private property up to the meter.

Page 13: Opposition Leader Bill Shorten says Labor will fight a re-run Senate election in WA on jobs, living standards and rising energy prices, and shadow ministers will spend more time in the State to understand it better.

Boxer Danny Green should get a helping hand from the Federal Government for his “one punch” anti-violence campaign, the Opposition says.

Page 14: There are calls for bars, clubs and pubs to create one centralised blacklist of banned patrons, potentially locking troublemakers out of more than 100 venues.

Page 16: WA farmers will be among the last in Australia to benefit from a concessional loan scheme already being rolled out in other States and have been saddled with restrictions that do not apply in other parts of the country.

Page 17: Former WA politicians have remembered the man credited with transforming Broome for his “extraordinary” ability to see the value in things others did not. Lord Alistair McAlpine, a former adviser to British prime minister Margaret Thatcher, died aged 71 on Friday at his home in Italy after a recent bout of ill health.

Business: Gina Rinehart’s Hancock Prospecting has committed to an extra $265 million worth of shares in the giant Roy Hill iron ore dream as part of the project’s holding company issuing $378 million worth of new equity.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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