22/07/2014 - 05:34

Morning Headlines

22/07/2014 - 05:34

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Morning Headlines

AngloGold set to step on the gas at Tropicana

AngloGold Ashanti has joined Fortescue Metals Group in underpinning a significant expansion of WA’s gas pipeline network, declaring now was a sweet spot for customers wanting to secure volumes of the cleaner burning fuel. The West

Investors to settle Antares board feud

Antares Energy executive chairman James Cruickshank said last night he was confident of surviving an attempt by dissident shareholder Lone Star Value Investors today to roll the board of the $163 million Perth company. The West

Minister’s decision sparks board exodus from WA utility

Prominent Perth businessman Michael Smith and three other board members at state-owned Western Australian power utility Synergy resigned in protest over what they said was the undermining of the board by the state’s treasurer and energy minister, Mike Nahan. The Fin

Palmer warned over ‘crazy politics’

The head of the expert panel reviewing the Renewable Energy Target, Dick Warburton, has warned Clive Palmer against blocking changes to the scheme before the 2016 election, saying “crazy politics” in the Senate was hindering good government. The Fin

Newcrest sued over guidance

A class action has been launched against Australia’s largest gold miner Newcrest Mining over the company’s massive write-down last year. The Fin

Rich and poor all winners in family assistance model

The Productivity Commission’s preferred option for a simple, means-tested payment would increase assistance for families earning up to $160,000 and maintain a subsidy for every working parent, no matter their income. The Aus

Energy sector facing shake-up

Australia’s energy distribution sector is set for a major shake-up with Japan’s Mitsubishi Corporation revealing moves to construct a $100 million diesel import terminal in South Australia as the first of several such facilities it is planning here. The Aus

 

 

The Australian Financial Review

Page 1: Russia’s ambassador to Australia, Vladimir Morozov, said he fears for a Cold War-style backlash in relations if Moscow continues to be blamed for the downing of Malaysia Airlines Flight 17. “We support an investigation and we will do everything we can from our side.”

Page 3: The head of the expert panel reviewing the Renewable Energy Target, Dick Warburton, has warned Clive Palmer against blocking changes to the scheme before the 2016 election, saying “crazy politics” in the Senate was hindering good government.

Page 5: The Senate’s refusal to cancel the mining tax and government spending that was meant to be funded by it will cost the budget more than $17 billion over the next four financial years, according to revised Treasury estimates.

Page 8: Prominent Perth businessman Michael Smith and three other board members at state-owned Western Australian power utility Synergy resigned in protest over what they said was the undermining of the board by the state’s treasurer and energy minister, Mike Nahan.

Page 9: A class action has been launched against Australia’s largest gold miner Newcrest Mining over the company’s massive write-down last year.

Page 11: China Merchants’ talks with Asciano over a minority stake in its container ports business could be the first step in plans to secure eventual control of Patrick’s, industry consultants say.

Page 12: A key investor in Fairfax Media said a report suggesting mining magnate Gina Rinehart is considering a takeover of the company sounded like “rampant speculation”.

Page 14: SingTel Optus has been granted early access to the 700 megahertz radio spectrum it hopes will supercharge its 4G mobile network and help it cut Telstra’s dominance of the $18.5 billion market.

Page 17: The government-appointed panel tasked with reviewing the national broadband network is set to miss its July deadline, leaving crucial telecommunications company plans up in the air.

 

 

The Australian

Page 1: Unions will seek to pass on the cost of the proposed $7 GP co-payment and the fuel excise increase to employers, under a new national strategy designed to shift the impact of controversial federal budget measures.

Page 2: The Productivity Commission’s preferred option for a simple, means-tested payment would increase assistance for families earning up to $160,000 and maintain a subsidy for every working parent, no matter their income.

Page 3: Senior education professors have characterised much of the teaching that occurs daily in classrooms as “malpractice”, based on a teacher’s own experience and theories rather than the evidence of the most effective methods.

Page 4: Electricity generated using coal-seam or shale gas produced less than half the carbon dioxide emissions of electricity from burning coal, a study has found.

Page 5: Russia declared last night it would support an Australian-led UN Security Council resolution giving international backing to an investigation into the destruction of Flight MH17 over a disputed area of Ukraine.

Page 19: Australia’s energy distribution sector is set for a major shake-up with Japan’s Mitsubishi Corporation revealing moves to construct a $100 million diesel import terminal in South Australia as the first of several such facilities it is planning here.

Page 21: South African retailer Woolworths Holdings has moved another step closer to a full takeover of Country Road as the target company recommended shareholders accept the bid and an independent expert valued it at less than the offer price.

Alcatel-Lucent is in talks with NBN Co to take on more “risk and reward” as part of its $1.5 billion technology supply contract with the mammoth infrastructure project.

Page 29: James Packer-backed Catch Group is under scrutiny after its daily deals website Catch of the Day waited three years to reveal it had suffered a serious data breach.

 

 

The West Australian

Page 3: The chairman and two-thirds of the board of electricity utility Synergy have quit in protest as the Barnett Government slipped into disarray on energy policy.

Page 4: Of all world leaders, Tony Abbott went out hardest against Russian President Vladimir Putin and Russia after the MH17 disaster.

Page 13: Low-income earners could get 90 per cent of their childcare payments subsidised under a plan to overhaul the sector and encourage more parents to return to work.

Business: AngloGold Ashanti has joined Fortescue Metals Group in underpinning a significant expansion of WA’s gas pipeline network, declaring now was a sweet spot for customers wanting to secure volumes of the cleaner burning fuel.

Antares Energy executive chairman James Cruickshank said last night he was confident of surviving an attempt by dissident shareholder Lone Star Value Investors today to roll the board of the $163 million Perth company.

CBH chief executive Andy Crane and Bunge boss Chris Aucote have hit out at red tape in the grains industry as they prepare to compete in storage, handling and port operations in WA.

An increasingly bitter dispute between the Indian owner of Collie’s Griffin Coal mine and its main contractor could be headed for the courts.

The State Government is preparing to take a big parcel of land on the Ord River irrigation scheme to market within months in what shapes as a test of its high hopes of creating an agricultural powerhouse in the far north.

Nine Entertainment has secured a stake in Quickflix that would pay off big time should the struggling movie streaming provider be snapped up by a bigger player.

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