AWE heralds its 50-year find
AWE has taken a big step towards declaring an end to concerns WA may face a gas shortage after declaring its Senecio strike near Dongara could be the biggest onshore discovery in half a century. The West
Aldi arrival helps Coles to Supa IGA stores win
The competition watchdog considered the pending arrival of Aldi in WA in approving Coles’ purchase of three independent supermarkets.
Macmahon frozen in Mongolia
Companies need to proceed with caution when investing in Mongolia, despite recent government efforts to improve regulatory and investment conditions, an Australian economist has warned. The Fin
Buru Energy close to deal with cornerstone partner
Buru Energy is on the cusp of a deal it hopes will reinvigorate efforts to tap the potential of its huge acreage position in the north of Western Australia. The Aus
RBA ponders home lending risk limits
The Reserve Bank of Australia is weighing up whether to force banks to adopt New Zealand-style limits on mortgage lending to cool an overheating housing market. The Fin
Union boss faces bullying charges
Unionist Joe McDonald allegedly told non-striking workers they would never work in Perth again and had been cowed by a female supervisor in the latest case against the construction union. The West
Date set for Vasse by-election
Vasse electors will go to the polls on October 18 for the fifth time in a little over 18 months when they elect a replacement for Troy Buswell. The West
The Australian Financial Review
Page 1: For the first time in six years the United States is inching towards raising interest rates, a shift that would have profound consequences for investments around the world and would likely drive the Australian dollar lower.
Page 7: The Reserve Bank of Australia is weighing up whether to force banks to adopt New Zealand-style limits on mortgage lending to cool an overheating housing market.
Page 8: The federal government has all but given up hope of stopping Vladimir Putin from attending the Group of 20 leaders’ summit in November and is banking on the Russian president feeling the wrath of the international community in Brisbane.
Page 13: Investment bank UBS and its sub-underwriters face a nervous wait over whether retail investors will buy new shares in steelmaker Arrium following a lukewarm reception from institutional investors to the company’s capital raising.
Page 15: Anglo American chief Mark Cutifani said he expects metallurgical coalmines will be mothballed at a rate of one every two or three weeks until enough supply has fallen out of the beleaguered sector to drive a price recovery.
Page 16: Macquarie Group struck a secret deal to profit from the sale of the now-failed van Eyk Blueprint fund management business at the same time it was the responsible entity charged with protecting investor interests.
Page 17: ANZ Banking Group is reviewing the strategic options for two key investment platforms that could lead to their sale.
Page 18: Takeover target Treasury Wine Estates has struck an exclusivity deal with Woolworths’s Dan Murphy’s liquor chain for a new wine under the Pepperjack brand, in the first major sign of chief executive Mike Clarke’s push for some exclusive arrangements with Australia’s two major liquor retailers.
Vodafone Hutchison Australia has accused the competition regulator of using “failed gambles” and spurious analysis in its regulation of mobile phone and text message prices.
Page 19: Local oil and gas player AWE has claimed what may be Western Australia’s largest onshore gas discovery since the 1960s, sending its shares up 14 per cent.
Page 20: Companies need to proceed with caution when investing in Mongolia, despite recent government efforts to improve regulatory and investment conditions, an Australian economist has warned.
Page 33: The Reserve Bank of Australia has warned the valuations of commercial real estate could become more “sensitive” due to foreign ownership.
The Australian
The Abbott government has crossbench support to establish an inquiry into the Australian Sports Anti-Doping Authority’s botched investigation of Essendon and Cronulla, with Greens senator Richard Di Natale backing a broad examination of ASADA in the wake of the supplements saga.
The near 4 per cent bounce in the iron ore price on Monday has quickly been forgotten as the commodity fell for the third straight day overnight.
In 2014, the nation’s largest 500 private enterprises generated revenues of $278 billion or 6.8 per cent of all revenue across the nation’s economy ($4.4 trillion), and about 492,000 jobs or 4.2 per cent of all employment (11.6 million).
The consumer watchdog has cleared the way for Coles to buy three Progressive IGA supermarkets in Western Australia.
Buru Energy is on the cusp of a deal it hopes will reinvigorate efforts to tap the potential of its huge acreage position in the north of Western Australia.
The West Australian
Page 3: Fresh details have emerged of close links between the private companies behind Karratha’s Pelago East high-rise development and the political parties in Government that used taxpayers’ money to get it off the ground.
Page 9: WA Labor has urged State and Federal governments to back a “deradicalisation program” aimed at early intervention in communities susceptible to the influence of jihadi extremism.
Page 14: Unionist Joe McDonald allegedly told non-striking workers they would never work in Perth again and had been cowed by a female supervisor in the latest case against the construction union.
Page 17: Immigration Minister Scott Morrison has lifted the veil of secrecy over the Government’s border protection crackdown, revealing 12 asylum seeker boats have been turned back to Indonesia.
Page 20: Education has overtaken manufacturing as one of the nation’s biggest employers as the mining sector sheds more staff who are finding work on local construction sites.
Page 28: Vasse electors will go to the polls on October 18 for the fifth time in a little over 18 months when they elect a replacement for Troy Buswell.
Business: AWE has taken a big step towards declaring an end to concerns WA may face a gas shortage after declaring its Senecio strike near Dongara could be the biggest onshore discovery in half a century.