Rio’s Walsh confirms Qld bauxite study
An Australian bauxite project could be one of the next major spending items announced by Rio Tinto, with chief executive Sam Walsh confirming he has fast-tracked studies into the South of Embley project in Queensland. The Fin
Top End to tap foreign workers
The federal government will make it easier for employers across Northern Australia to import guest workers as the $34 billion Ichthys gas project creates labour shortages in the Top End. The Fin
US fund’s $9m WA farm spree
A US pension fund investor that flies under the radar has continued its spending spree on quality agricultural land in WA with the purchase of two farms in Grass Patch for about $9 million. The West
LNG projects add $40b: Chevron
Energy giant Chevron says its liquefied natural gas projects in the North West have provided more than $40 billion revenue to Australian companies. The West
Public servants ‘double-dip’ PPL
More than 1000 public servants in one of the government’s largest departments are “double dipping’’ their maternity leave by accessing the existing scheme paid at the minimum wage as well as receiving their generous workplace entitlement. The Aus
CBA’s $8.6bn record sets scene
Commonwealth Bank is set to crank up earnings season with a record $8.6 billion annual profit and higher dividend, setting the tone for investors amid concern the banks’ soaring run on the share market may be losing puff. The Aus
Unis face $500m cut
WA universities will have almost $500 million cut from Federal funding under the Government’s proposed overhaul of higher education, the union representing academic staff claims. The West
The Australian Financial Review
Page 1: The federal government will make it easier for employers across Northern Australia to import guest workers as the $34 billion Ichthys gas project creates labour shortages in the Top End.
Page 3: Treasurer Joe Hockey’s controversial threat to bypass direct Senate approval for an infrastructure asset recycling plan at the heart of his economic growth and jobs strategy will fail, according to expert advice.
Page 4: The restaurant industry is encouraging members to automate and outsource as much as possible to save money in the face of “unsustainable” labour costs.
Page 15: An Australian bauxite project could be one of the next major spending items announced by Rio Tinto, with chief executive Sam Walsh confirming he has fast-tracked studies into the South of Embley project in Queensland.
Page 17: Commonwealth Bank of Australia has named the founding chairman of the banking regulator, Jeff Carmichael, as an “independent expert” to oversee the bank’s review of its financial advice following a damning Senate report handed down in June.
Page 18: Singapore Airlines’ budget medium haul arm Scoot has received the green light to co-ordinate on pricing, scheduling and marketing with Tigerair Singapore, in a move that could lead to better connections for Australian travellers heading to Asia.
Page 29: In the last 10 years, Australian universities have become dependent on full-fee paying international students, particularly from Asian countries.
Page 31: REA Group interim chief executive Peter Tonagh says the company must continue to prove it values its real estate agent clients, as incoming boss Tracey Fellows prepares to take the helm at a time of simmering tensions between the company and some of its customer base.
Page 32: GrainCorp has commenced the purchase of a 50-hectare greenfield site east of Emerald in Central Queensland, with plans to build a centralised grain rail logistics terminal.
The Australian
Page 1: More than 1000 public servants in one of the government’s largest departments are “double dipping’’ their maternity leave by accessing the existing scheme paid at the minimum wage as well as receiving their generous workplace entitlement.
Page 4: Pensioners could be hit with an out-of-pocket rise in their healthcare costs of more than $130 under the government’s budget measures — the impact of the $7 GP co-payment and the increase in the cost of medicines.
Page 5: The ABC treats stories on the renewables industry highly favourably, while the coalmining and coal-seam gas mining industries are treated unfavourably, according to a study of the ABC’s presentation of energy issues.
Page 17: Agriculture Minister Barnaby Joyce has hit out at the competition watchdog and the law it enforces, claiming its treatment of Murray Goulburn’s bid for Warrnambool Cheese & Butter was a poor application of competition law.
Rio Tinto chief financial officer Chris Lynch has called on the Abbott government to stand firm in the face of “frustrating” moves by the opposition and crossbench to block legislation in the Senate.
The Mexican restaurant business backed by private equity king Simon Moore and three pioneers of McDonald’s in Australia, including Kmart boss Guy Russo, wants to open 30 new restaurants nationally and expand into eight countries in Asia over the next 12 to 18 months.
Page 18: Midsize Singapore energy group Inter Oil may relist in Australia, five years after pulling out of the ASX to focus on US investors.
Page 19: Commonwealth Bank is set to crank up earnings season with a record $8.6 billion annual profit and higher dividend, setting the tone for investors amid concern the banks’ soaring run on the share market may be losing puff.
Page 23: Former Fairfax chief executive Brian McCarthy says the media company he once led is “no longer a serious, long-term media alternative” after disastrous decisions taken under the chairmanship of Roger Corbett, who he said lacks knowledge and experience in the media industry.
Page 25: News Corp Australia has bucked the trend of declining newspaper print readership to post a 2 per cent increase across its national, metropolitan and regional titles over the past year, well above the 4 per cent decline across all major newspaper print mastheads.
The West Australian
Page 1: The Federal Government was told its $7 Medicare co-payment would disproportionately hit the old and chronically ill, previously secret documents reveal.
Page 3: Australia’s competition watchdog savaged the tie-up between State-owned power utilities Verve and Synergy before their re-merger as anti-competitive and bad for consumers.
Page 6: WA universities will have almost $500 million cut from Federal funding under the Government’s proposed overhaul of higher education, the union representing academic staff claims.
More than half the public schools in WA are losing money from their budgets because of funding changes introduced on the back of this year’s cuts, the teachers’ union claims.
Page 11: The Boeing 787 and Airbus A350 are the first of a new breed of planes that greatly enhance the passenger experience.
Page 13: Farmers and businesses would have water allocations cut or lifted depending on rainfall in a year under a plan to protect plunging groundwater levels.
Business: A US pension fund investor that flies under the radar has continued its spending spree on quality agricultural land in WA with the purchase of two farms in Grass Patch for about $9 million.
French nuclear power giant Areva has abandoned a Kimberley uranium project that gained exploration approval despite bitter opposition from some traditional owners.
Energy giant Chevron says its liquefied natural gas projects in the North West have provided more than $40 billion revenue to Australian companies.