09/07/2013 - 06:48

Morning Headlines

09/07/2013 - 06:48

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Morning Headlines

Rudd takes on faceless men

Kevin Rudd has put an end to the Labor leadership revolving door by announcing an overhaul of party rules in which ALP rank and file members and the caucus would jointly pick the leader. The Fin

Downturn hits the Goldfields hardest

Almost 5,000 jobs have disappeared from WA's mining sector during the past year, in a further sign that cold water has well and truly been thrown on WA's once rampant resources industry. The West

Atlas looks to rail for expansion

Atlas Iron is confident it can strike a deal to transport its iron ore and chairman David Flanagan said the junior producers has never been in a stronger position to exploit third-party infrastructure opportunities in the Pilbara. The Fin

Rudd streaks away from Abbott

Kevin Rudd’s popularity continues to rise, widening his lead over Tony Abbott as the nation’s preferred prime minister, lifting Labor’s primary vote to its best since the last election and putting the government dead even with the Coalition after preferences. The Aus

Coalition 'primitive' on urban planning

Labor candidate for Perth Alannah MacTiernan has launched a comprehensive broadside against the ‘‘primitiveness’’ of the Coalition’s attitude to urban planning and what she says is a lack of policy to increase productivity and wealth in major cities. The Aus

 

Top Resources Headlines

Atlas looks to rail for expansion

Atlas Iron is confident it can strike a deal to transport its iron ore and chairman David Flanagan said the junior producers has never been in a stronger position to exploit third-party infrastructure opportunities in the Pilbara. The Fin

Downturn hits the Goldfields hardest

Almost 5,000 jobs have disappeared from WA's mining sector during the past year, in a further sign that cold water has well and truly been thrown on WA's once rampant resources industry. The West

Rio's production outlook hit

Unseasonal rain and a conveyor outage have hit Rio Tinto’s West Australian iron ore production in the normally strong June quarter, leading to weaker shipments than analysts were expecting and raising questions over whether full- year guidance from the big miner’s most profitable unit will be met. The Aus

Juniors join forces for survival

The equity- raising freeze crippling junior resources stocks is poised to spawn another takeover, with Minotaur Resources expected to strike a deal with fellow minnow Breakaway Resources. The Aus

 

Top Politics Headlines

Rudd takes on faceless men

Kevin Rudd has put an end to the Labor leadership revolving door by announcing an overhaul of party rules in which ALP rank and file members and the caucus would jointly pick the leader. The Fin

Heat builds on PM over tow-backs

Labor is facing increasing pressure to re- consider turning back asylum- seeker boats and stare down threats of self- harm from passengers demanding they be taken to Australia. The Aus

Rudd streaks away from Abbott

Kevin Rudd’s popularity continues to rise, widening his lead over Tony Abbott as the nation’s preferred prime minister, lifting Labor’s primary vote to its best since the last election and putting the government dead even with the Coalition after preferences. The Aus

Coalition 'primitive' on urban planning

Labor candidate for Perth Alannah MacTiernan has launched a comprehensive broadside against the ‘‘primitiveness’’ of the Coalition’s attitude to urban planning and what she says is a lack of policy to increase productivity and wealth in major cities. The Aus

 

Top Property Headlines

Cracks appear in Perth property

Cracks are emerging in Perth's property market in a further blow to Western Australia's faltering economy. The Fin

Stellar Securities thrown on to street

Perth stockbroking firm Stellar Securities has been thrown on to the street by its landlord, underlining the financial pressures confronting the industry in what are said to be the worst trading conditions in almost 25 years. The West

 

The West Australian

Page 1: Kevin Rudd wants to give Labor rank-and-file members a direct say in who leads the parliamentary party in a dramatic move aimed at stopping the “faceless men” cutting down another prime minister.

One of the state's most successful farmers, Tony Galati, is taking on giants Woolworths and Coles in the liquor market by opening what is billed as one of the biggest bottle shops in Australia at the weekend.

Page 4: WA consumers are facing an economic double whammy as job advertisements collapse to their lowest levels since the global financial crisis and petrol prices approach a three-month peak.

Tony Abbott invoked memories of the Tampa affair, suggesting a coalition government would again send in special forces soldiers to confront asylum seekers who demand entry to Australia.

Page 7: Premier Colin Barnett is facing another backbench revolt from former minister Murray Cowper, this time over proposed carbon capture and storage legislation.

Page 11: Cancer experts are alarmed by a fall-off in the number of people being screened for bowel cancer, blaming a lack of Commonwealth funding and confusion about who should be tested.

Business: The state government will roll out the red carpet to China and other countries to invest in WA agriculture despite industry concerns over its blueprint for a $650 million dairy project to supply Shanghai.

Perth stockbroking firm Stellar Securities has been thrown on to the street by its landlord, underlining the financial pressures confronting the industry in what are said to be the worst trading conditions in almost 25 years.

Almost 5,000 jobs have disappeared from WA's mining sector during the past year, in a further sign that cold water has well and truly been thrown on WA's once rampant resources industry.

Business groups and universities across Australia yesterday called on the Rudd government to abandon moves to cap deductions for work-related self-education expenses, which critics say may see the real cost of Masters of Business Administration degrees soar.

The list of David Flanagan's credits grew yesterday after the company he founded, Atlas Iron, approved a new Pilbara iron ore mine to be funded from cash reserves, hours before he was appointed chancellor of Murdoch University.

Perth Arena's success as a world-class, multi-function performance centre and its striking design has been recognised with the top award at the WA division of the Australian Institute of Architects.

 

The Australian Financial Review

Page 1: Kevin Rudd has put an end to the Labor leadership revolving door by announcing an overhaul of party rules in which ALP rank and file members and the caucus would jointly pick the leader.

Kevin Rudd has offered an olive branch to the labour movement by hosing a dinner for the nation's trade union leaders, but tensions still persist, with Australian Workers' Union national secretary Paul Howes not attending.

Page 3: The Australian Competition and Consumer Commission has won another case in its battle against misleading advertising, this time over free range produce in the $4.5 billion chicken meat industry.

Page 4: A Coalition government would create a one-stop-shop for environmental approvals to reduce the green tape burden on business and help save the economy $1 billion.

Page 5: Labor faces a revolt by large sections of the white-collar workforce over plans to cap tax deductions for self education expenses at $2000 a year.

Page 6: A tough enforcement agency and the capacity to damage union leaders' reputations could be a better deterrent than simply raising penalties to discourage officials from breaching their legal obligations, law experts say.

Page 8: Fewer jobs were advertised in June than any month since mid-2009, prompting some experts to tip another cut in the official interest rate, especially if the next unemployment figures on Thursday show a worsening.

The number of Chinese visitors to Australia hit a record high in May and they no longer want to follow a tour leader with a flag.

Page 10: Cracks are emerging in Perth's property market in a further blow to Western Australia's faltering economy.

Construction giant Bechtel has lost its attempt to block the Maritime Union of Australia from gaining access to its workforce on BG Group's liquefied natural gas project in Central Queensland.

Page 15: United States agribusiness giant Archer Daniels Midland has secured an important ally, convincing one of the nation's biggest wheat farmers, Ron Greentree, about the merits of its $3 billion takeover offer for GrainCorp.

Page 17: Atlas Iron is confident it can strike a deal to transport its iron ore and chairman David Flanagan said the junior producers has never been in a stronger position to exploit third-party infrastructure opportunities in the Pilbara.

Listed contractor Service Stream has raised doubts over its ability to complete its NBN Co contract as originally planned and said its Syntheo joint venture has racked up material losses connected to the project.

Page 18: Aluminium producers including Rio Tinto and BHP Billiton must take collective action to cut capacity if they are to end a prolonged period of low profitability for the industry.

 

The Australian

Page 1: Labor is facing increasing pressure to re- consider turning back asylum- seeker boats and stare down threats of self- harm from passengers demanding they be taken to Australia.

Kevin Rudd’s popularity continues to rise, widening his lead over Tony Abbott as the nation’s preferred prime minister, lifting Labor’s primary vote to its best since the last election and putting the government dead even with the Coalition after preferences.

Clive Palmer has been recorded lashing out in angry, expletive-laden tirades of abuse against executives of one of China’s largest companies, which is spending more than $ 7 billion in Australia.

Page 2: Employment opportunities are shrinking as business redoubles efforts to cut costs, adding to concern that the unemployment rate might start climbing.

Page 3: Health impacts caused by low-frequency noise from wind turbines have been known to US researchers and the renewable energy industry for more than 25 years.

Page 4: Close friends Wayne Swan and Anthony Albanese discussed the deputy prime minister’s position days before Kevin Rudd returned to the Labor leadership, with the former treasurer saying he would bow out if Julia Gillard lost her job.

Page 5: The alliance between ALP heavyweights Stephen Conroy and Bill Shorten, while strained by the party’s federal leadership battle, has swung strongly behind Rosemary Barker in the preselection contest for Hotham.

Lawyers representing more than 50 businesses damaged by Labor’s botched home insulation scheme have written to Kevin Rudd requesting compensation on behalf of their clients, some of whom have lost their businesses, superannuation and homes.

Labor candidate for Perth Alannah MacTiernan has launched a comprehensive broadside against the ‘‘ primitiveness’’ of the Coalition’s attitude to urban planning and what she says is a lack of policy to increase productivity and wealth in major cities.

Business: Unseasonal rain and a conveyor outage have hit Rio Tinto’s West Australian iron ore production in the normally strong June quarter, leading to weaker shipments than analysts were expecting and raising questions over whether full- year guidance from the big miner’s most profitable unit will be met.

The equity- raising freeze crippling junior resources stocks is poised to spawn another takeover, with Minotaur Resources expected to strike a deal with fellow minnow Breakaway Resources.

China continues to buy the increasing amounts of iron ore produced in Australia at the expense of Brazil, says Platts, the commodity news and pricing services owned by Standard & Poor’s.

A mining company worth $ 24 million has put its future on hold after the Queensland government released a report yesterday preventing any future commercial mining developments using the controversial underground coal gasification method.

Australian governments must be careful not to smother the booming coal- seam gas industry with red tape, says the chief executive of Australian mining services company WDS Limited, Terry Chapman.

Perth-based apartment developer Finbar has raised its dividend payment for fiscal 2013 as it prepares to post another record net profit of $31 million, underpinned by revenue from its Pilbara project.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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