25/07/2013 - 06:52

Morning Headlines

25/07/2013 - 06:52

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Morning Headlines

Rudd's aslyum solution sinking

People-smugglers are defying Kevin Rudd’s new border protection plan by despatching more asylum- seekers to Christmas Island, in a direct challenge to his pledge to send them all to Papua New Guinea. The Aus

BCA demands more from Rudd

Labor's truce with the business community if under strain with the Business Council of Australia saying it wants decisive policy action on productivity rather than well-meaning joint statements and superficial agreements. The Fin

Election date may be months away

Kevin Rudd has all but ruled out an August 31 election date and is now unlikely to call a poll until at least September 21 — three years and one month after Labor went to the voters in 2010. The Aus

PMH petition

More than 60 senior doctors and nurses at Princess Margaret Hospital have signed a petition warning the state government that they fear the number of patients will outstrip the new children's hospital capacity within two years. The West

Aquila, China end project finance talks

Aquila Resources has abandoned talks with China Development Bank over funding for its West Pilbara iron ore project, effectively putting any chance of a new iron ore export facility at Anketell Port on ice. The West

Atlas good to go on Pilbara rail deal

Atlas Iron managing director Ken Brinsden said it would be open to striking a rail deal with Fortescue Metals Group regardless of whether the Andrew Forrest-chaired iron ore producer sells a minority stake in its infrastructure assets. The Fin

WA's risky highways need $450m overhaul

More than 1,250km of WA's highways have been identified as substandard, unsafe and needing upgrading. The West

Decmil denies Manus contract was leaked

Mining contractor Decmil Group has rejected claims that details of a $ 150 million contract it won from the federal government to build a detention centre on Manus Island were leaked to the market before being announced this month. The Aus

CBH bids for malt assets

CBH is going down to the wire in a controversial bid to buy Glencore's Australian malting assets in a deal worth hundreds of millions of dollars. The West

 

The West Australian

Page 1: More than 60 senior doctors and nurses at Princess Margaret Hospital have signed a petition warning the state government that they fear the number of patients will outstrip the new children's hospital capacity within two years.

Page 3: Perth-based live export company Wellard did its best to stop the slaughter of 20,000 sheep in Pakistan last year, a federal government probe has found.

Page 7: Perth is being sold to the world as a boom ton with expensive accommodation, inferior service and bars full of cashed-up-bogans - “young men with plenty of cash to splash on muscle cars, beer and drugs”.

Page 9: More than 1,250km of WA's highways have been identified as substandard, unsafe and needing upgrading.

Average petrol prices will hit a new high today, eclipsing a five-year record.

Page 11: Papua New Guinea's top diplomat to Australia has taken a swipe at the federal opposition for “impugning” his Prime Minister and suggesting his country would misuse foreign aid.

Page 13: Grape growers claim they have been betrayed by WA authorities and the state government after losing their battle to prevent imports from California they believe pose a major biosecurity threat to local vineyards.

Page 16: Colin Barnett was yesterday accused of distorting the pre-election caretaker conventions to avoid scrutiny of publicly-funded rail projects.

Business: CBH is going down to the wire in a controversial bid to buy Glencore's Australian malting assets in a deal worth hundreds of millions of dollars.

The head of Alcoa's Australian operations has bluntly said what most believe is at the core of the mining sector's productivity woes, describing Australia's industry as having become “fat, lazy and happy” and in real danger of losing out to projects in developing countries.

Aquila Resources has abandoned talks with China Development Bank over funding for its West Pilbara iron ore project, effectively putting any chance of a new iron ore export facility at Anketell Port on ice.

Atlas Iron says its operating costs for the past financial year will be at the high end of earlier guidance, and has tipped expenses to rise this year, despite plans to increase Pilbara iron ore production by more than 30 per cent.

Brothers Todd and Chad Zani blamed each other for the operational problems at Ezatm in a dispute which led to Todd's ousting from the business they co-founded.

AngloGold Ashanti has become the latest of WA's big gold producers to cut staff, laying off 27 people this week after a statewide review of its operating costs.

Indigenous contractors claim a failure by the mining industry to abide by Aboriginal employment covenants threatens their future.

 

The Australian Financial Review

Page 1: Labor's truce with the business community if under strain with the Business Council of Australia saying it wants decisive policy action on productivity rather than well-meaning joint statements and superficial agreements.

The looming reduction in Australia's carbon price means the federal government needs to wind back the 20 per cent renewable energy target, energy industry leaders have warned.

Page 4: Papua New Guinea Prime Minister Peter O'Neill has launched an attack on Opposition Leader Tony Abbott's urging the Australian leader not to drag his country into Australia's election campaign.

Page 5: Assistant Treasurer David Bradbury has accused salary-packaging companies of promoting schemes to abuse the fringe benefits tax breaks on cars, which the government plans to tighten.

Tax experts are relieved that the federal Treasury has recommended a focus on global initiatives to tackle tax minimisation by multinationals, saying excessive efforts on home soil could threaten investments and competitiveness.

Page 6: Communications Minister Anthony Albanese as accused contractor building the national broadband network of trying to use newspapers to lobby for payment increases.

Significant road or rail upgrades, greenfield port developments and airport expansions would be vetted by a new government finance unit designed to attract private-sector investment, under a Coalition election promise.

Page 8: The door to a pre-election Reserve Bank of Australia interest rate cut next month has been kept open on signs inflation could be headed towards the bottom of the central bank's target range, as economic growth softens.

Page 19: Investment banker Craig Drummond has emerged as the leading contender to eventually success National Australia Bank chief executive Cameron Clyne after he was recruited to a senior role at the bank with a multi-million dollar sign-on bonus.

Page 21: Atlas Iron managing director Ken Brinsden said it would be open to striking a rail deal with Fortescue Metals Group regardless of whether the Andrew Forrest-chaired iron ore producer sells a minority stake in its infrastructure assets.

Page 22: iiNet and AAPT say they will make more money under the Coalition's version of the national broadband network because it will be rolled out faster than Labor's policy.

 

The Australian

Page 1: People-smugglers are defying Kevin Rudd’s new border protection plan by despatching more asylum- seekers to Christmas Island, in a direct challenge to his pledge to send them all to Papua New Guinea.

Kevin Rudd has all but ruled out an August 31 election date and is now unlikely to call a poll until at least September 21 — three years and one month after Labor went to the voters in 2010.

One of the nation’s biggest unions has snubbed Kevin Rudd by withholding $250,000 in political donations to the Labor Party that would have been made if Julia Gillard had been prime minister.

Page 2: Almost 3000 employees have won the right to extra paid leave to help them deal with domestic violence, under a landmark deal between Victoria’s Swinburne University and the National Tertiary Education Union.

Page 3: Activist group GetUp! has been accused of breaching electoral laws with a web- based competition to give away $40,000 in gold bullion to encourage young people to enrol to vote for the first time in the forthcoming federal election.

Page 4: Supermarket giant Coles has hit out at the Transport Workers Union, accusing it of baseless shock tactics in a political campaign to influence Labor’s Road Safety Remuneration Tribunal.

Page 5: Kevin Rudd has pledged to revive his 2008 promise to halve homelessness by 2020, a promise that has been undermined by an increase in the number of people without a home.

About 40 per cent of Australia’s national highway network is dangerous and needs $ 4.7 billion spent on it to bring it up to an acceptable safety standard.

A cloud of uncertainty is hanging over the Reserve Bank’s next interest rate move, as price pressures in the economy begin to build at the same time as the outlook for China remains uncertain.

Page 6: The potentially 'catastrophic’’ possibility of an asylum- seeker boat being blown up near an oil or gas platform will be raised with Kevin Rudd when he meets West Australian Premier Colin Barnett.

Page 8: Hundreds of childcare centres across Australia will be targeted in a crackdown by t he Fair Work Ombudsman after scores of complaints about underpayment of workers.

Animal welfare groups have vented their fury at an investigation into a consignment of 21,000 sheep culled in Pakistan after being delivered by Wellard Rural Exports last September.

Business: ASIC commissioner Greg Tanzer has defended the regulator’s attempts to criminally prosecute alleged Whitehaven hoaxer Jonathan Moylan, saying t he Australian Securities & Investments Commission had no interest in the man’s ‘‘ activist cause’’

Mining contractor Decmil Group has rejected claims that details of a $ 150 million contract it won from the federal government to build a detention centre on Manus Island were leaked to the market before being announced this month.

China's government appears to be warming to the idea of stimulus measures as it is confronted with a steady drizzle of bad news on the economy, the latest a survey that found manufacturing employment at its weakest since the global financial crisis.

China's economy showed fresh signs of weakness in July as an initial gauge of manufacturing activity slumped to an 11- month low, leading some economists to make comparisons to conditions seen shortly after the global financial crisis of 2008-09.

Junior miner Atlas Iron does not expect the iron ore price to plunge to the historically low levels witnessed last September, saying conditions were stronger going into this year’s period when the price seasonally dips.

The head of Perth- based gold explorer Korab Resources has admitted that he is suing one of his shareholders for defamation despite saying last week he would never do such a thing. 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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