08/09/2014 - 05:52

Morning Headlines

08/09/2014 - 05:52

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Morning Headlines

BHP nickel could cut Glencore’s run costs

Glencore’s push to acquire BHP Billiton’s unwanted Nickel West assets could bring a number of abandoned nickel assets into play, as well as substantially lowering the operating costs at Glencore’s existing operations at Murrin Murrin. The West

Chinese link to sale of markets

Chinese interests have emerged as the likely new owners of the Canning Vale markets if they back State Government plans to develop the site into a major export hub for local produce. The West

FIFO work rosters emerge as fresh labour risk at Gorgon LNG

Union pressure is building for a switch to shorter work rosters at liquefied natural gas projects in Western Australia, with the upcoming expiry of a critical enterprise bargaining agreement at Chevron’s $54billion Gorgon project emerging as a potential flashpoint. The Fin

Kalgoorlie’s golden secret sent offshore

The multinational owners of Kalgoorlie’s famous Super Pit goldmine have briefed investors in the US about “exciting” drilling results near the town but have refused to reveal anything to local residents who say they are being kept in the dark. The Aus

Iron ore slump hits economy

Hotel billionaire Bruce Mathieson and his investment partners have become the highest-profile victims of the worsening iron ore slump and face losses of tens of millions of dollars on Western Desert Resources, which has called in administrators. The Fin

$3 billion online ad industry spooked

Tension is building in the $3 billion online advertising market as advertisers probe arbitrage by global media agency-owned trading desks and “ad fraud” generated by online “bots”, which some estimate accounts for up to 30 per cent of all online ad viewing. The Fin

Abbott hints at tweak to parental leave plan

Tony Abbott has hinted at further change to his “signature” paid parental leave scheme after admitting satisfaction with his first 12 months as Prime Minister but acknowledging some things could have been done better. The West

 

 

The Australian Financial Review

Page 1: Hotel billionaire Bruce Mathieson and his investment partners have become the highest-profile victims of the worsening iron ore slump and face losses of tens of millions of dollars on Western Desert Resources, which has called in administrators.

The fear of spiralling electricity prices around the time of the next federal election is driving the government to consider a deal with Labor on the Renewable Energy Target to avoid deadlock in the Senate.

Page 11: According to a policy note to be released by the Group of Eight universities this week, 77 per cent of casual teachers are low level in 2012, compared to 63 per cent in 2002.

Page 13: Incitec Pivot chief executive James Fazzino has slammed the nation’s lack of an energy policy as “a train wreck” and says companies are shunning local growth projects because Australia is not an attractive place to invest.

Page 15: NBN director Simon Hackett is the latest high-profile investor to get in on the graphite boom, which is being fuelled by the increasing use of battery-reliant technology such as smartphones and electric cars.

Union pressure is building for a switch to shorter work rosters at liquefied natural gas projects in Western Australia, with the upcoming expiry of a critical enterprise bargaining agreement at Chevron’s $54billion Gorgon project emerging as a potential flashpoint.

Page 16: Fears the big banks will lose control of their dominance of borrower data has stalled contributions of “positive” credit information for at least another six months under new comprehensive credit reporting laws.

Page 20: Indonesia AirAsia X has been granted an operating licence in a move that sets the stage for an even bigger battle among airlines on flights between the east coast of Australia and Bali.

Page 29: Tension is building in the $3 billion online advertising market as advertisers probe arbitrage by global media agency-owned trading desks and “ad fraud” generated by online “bots”, which some estimate accounts for up to 30 per cent of all online ad viewing.

 

 

The Australian

Page 1: Young workers will be offered new training schemes that are shaped by employers to meet market demands in an overhaul of the nation’s $6.8 billion outlay on vocational training amid fears that too much cash is being squandered on useless courses.

Page 2: Cabinet ministers are confident of progress on the $5 billion university reforms at the heart of the federal budget despite a blunt rejection of the plans from Clive Palmer and others sharing the balance of power in the Senate.

Page 4: Tough new criteria governing the Abbott government’s radical indigenous funding model mean many applicants will miss out.

Page 5: The Abbott government has assured renewable energy suppliers their investments are safe, as the brawl escalates over the nation’s clean-energy target.

Page 15: The multinational owners of Kalgoorlie’s famous Super Pit goldmine have briefed investors in the US about “exciting” drilling results near the town but have refused to reveal anything to local residents who say they are being kept in the dark.

High-profile international TV executive Gerhard Zeiler has predicted that digital disruption will drive pay-TV operators and free-to-air broadcasters closer together in the future, and does not rule out the trend extending to corporate activity involving the rival media sectors in Australia.

Page 16: Australia’s junior miners and explorers struggling to attract capital to pursue projects in Africa should follow in Rio Tinto’s footsteps and approach the African Development Bank, a director of Africa’s international money backer has suggested.

Page 17: Foreign buyers are helping ease Australia’s housing shortage, with offshore investment spurring on higher-than-expected home development levels.

GHD, one of the world’s leading professional services company, believes its future is brightest if it remains in private hands, according to Perth-based chief executive Ian Shepherd.

Page 20: Sky News is launching an international television news service in November to replace the ABC’s Australia Network, which was axed in the federal budget.

Journalists at public broadcasters ABC and SBS say their work is increasingly influenced by sensationalism, advertising and PR, a new university report has found.

 

 

The West Australian

Page 1: Chinese interests have emerged as the likely new owners of the Canning Vale markets if they back State Government plans to develop the site into a major export hub for local produce.

Page 5: Parents who give their children a few sips of alcohol when they are young may be setting them on a path to drinking more when they are older, a study has found.

Page 8: Tony Abbott has hinted at further change to his “signature” paid parental leave scheme after admitting satisfaction with his first 12 months as Prime Minister but acknowledging some things could have been done better.

The Government is urging WA Senator Dio Wang to convince his party leader Clive Palmer to rethink his sudden opposition to environmental one-stop shops.

Page 9: Fewer psychiatrists and mental health nurses are working in WA’s public health system now than two years ago when a review called for the workforce to be doubled.

Page 13: Nationals leader Terry Redman believes his party is “in with a shake” at seizing the safe Liberal seat of Vasse vacated by Troy Buswell.

Business: Glencore’s push to acquire BHP Billiton’s unwanted Nickel West assets could bring a number of abandoned nickel assets into play, as well as substantially lowering the operating costs at Glencore’s existing operations at Murrin Murrin.

The share price of OTOC has more than doubled in the past two months as investors buy into the business’ growing presence outside the downtrodden mining services sector.

One local oil and gas company will swap out for another when Standard & Poor’s updates its major local stock index at the end of the week. US-focused Liquefied Natural Gas replaces Buru Energy in the S&P-ASX 200 after trade closes on Friday.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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