Pelago units were offered to Chevron
Lands Minister Terry Redman encouraged Chevron to buy apartments at Karratha’s Pelago East development, which the State Government had invested heavily in, when the company asked for his approval to relocate some of its workforce. The West
Free shops to set own open hours — review
Retail trading restrictions would be abolished and the pharmacy and taxi industries deregulated under sweeping changes recommended by the Federal Government’s competition review. The West
WA needs to do more for coal sector: Griffin
Griffin Coal, the company that controls half of Western Australia’s coal supplies, says the state government is “akin to Marie Antoinette” in its arm’s-length dealings with the troubled miner and needs to do more to help it survive the low prices buffeting the sector. The Fin
Surprise ore strike due to new technology
Rio Tinto has uncovered at least 300,000 surprise tonnes of iron ore at one of its Pilbara mines using a new mapping technology, allowing the mining giant to distinguish in real time waste product from lucrative ore. The Fin
Xinchuang less upbeat than miners
China’s steel industry is close to peak production and will not reach the highs predicted by big miners like Rio Tinto and BHP Billiton adding further pressure to a sector hit by prices which have plunged to fresh five-year lows. The Fin
Miners’ third-party access regime under scrutiny
After causing years of costly disputes between miners in Western Australia, the legal framework meant to drive competition in mining needs to be confined to reduce costs, the Harper competition review panel found. The Fin
UWA leads on fees
The University of Western Australia has become the first university to set fees under the government’s controversial deregulation plan. It will charge a flat price of $48,000 for a three year undergraduate degree. The Aus
The Australian Financial Review
Page 1: The biggest review of competition law in two decades proposes an ambitious makeover of the economy that would remove out dated rules covering trading hours, pharmacies, taxi licences, town planning and cheap imported goods.
After a stellar start to 2014 the sharemarket has lost its entire gains in just three weeks, adding to investors’ pain from a fall in bond prices.
Page 4: Federal Industry Minister Ian Macfarlane’s long-awaited energy policy paper will canvass views for a blueprint on energy policy and is expected to focus on electricity prices and domestic gas supply.
Page 10: Infrastructure regulation should be removed from the Australian Competition and Consumer Commission’s powers, according to the Harper review.
After causing years of costly disputes between miners in Western Australia, the legal framework meant to drive competition in mining needs to be confined to reduce costs, the Harper competition review panel found.
Page 13: US Secretary of State John Kerry warned global warming was a serious threat to security and economic prosperity, but Foreign Affairs Minister Julie Bishop emphasised a new international climate agreement must prioritise economic growth.
Page 15: China’s steel industry is close to peak production and will not reach the highs predicted by big miners like Rio Tinto and BHP Billiton adding further pressure to a sector hit by prices which have plunged to fresh five-year lows.
Page 17: Aurizon has rejected claims that its Galilee Basin rail and port project is in danger of not proceeding, claiming there is “no change” to its plans to develop infrastructure to support coal mines in Queensland.
Page 18: Rio Tinto has uncovered at least 300,000 surprise tonnes of iron ore at one of its Pilbara mines using a new mapping technology, allowing the mining giant to distinguish in real time waste product from lucrative ore.
Page 21: Griffin Coal, the company that controls half of Western Australia’s coal supplies, says the state government is “akin to Marie Antoinette” in its arm’s-length dealings with the troubled miner and needs to do more to help it survive the low prices buffeting the sector.
Western Australian energy explorer Buru has confirmed a $28 million share placement with the vast majority taken up by privately owned Coogee Chemicals..
The Australian
Page 1: The University of Western Australia has become the first university to set fees under the government’s controversial deregulation plan. It will charge a flat price of $48,000 for a three year undergraduate degree.
Page 2: The IMF has put GST, resource rent tax and taxes on housing at the top of its priorities for tax reform, saying strengthening revenue collection in these areas should pay for personal income and company tax cuts.
Page 6: Three weeks ago, the Yawuru people of the Kimberley were jubilant after winning control of a $15 million slice of their traditional lands, including the sprawling Roebuck Plains Station near Broome.
Page 19: One of the nation’s top fund managers has warned that markets are starting to show worrying signs seen at the pre-financial crisis peak, as investors fret about a looming correction amid rising global interest rates and slumping commodity prices.
Page 20: Australian-listed minnow Axiom Mining is confident of winning its “David versus Goliath” battle with Japanese giant Sumitomo Metal Mining to develop one of the world’s largest nickel laterite deposits.
Iron ore prices were poised to drop below $US80 last tonne last night as Chinese futures markets pointed to capitulation in the price of Australia’s biggest export.
Page 21: Multinational companies are being urged to come clean on international tax avoidance ahead of measures being developed for the world’s largest economies to stop profits being shifted to low- and no-tax jurisdictions.
Page 29: Australia might be removed from the frenzy around Alibaba’s $US21.8 billion ($24.5bn) IPO, but the nation is shaping up as a capital hub for technology and online businesses, including Asian-based companies looking to exploit investor demand here.
Page 31: Telstra has expanded its investment tentacles in Silicon Valley, pumping millions of dollars for a stake in electronic signatures firm DocuSign, which counts blue chip brands Google, Visa and SAP as investors.
The West Australian
Page 3: Hundreds of WA stroke patients will be given Prozac, the drug that revolutionised the treatment of depression in the 1990s, to test whether it can reduce the chances of them being left permanently disabled.
Page 7: WA schoolchildren are using “shisha pens” to inhale flavoured vapour that could lead to more of them taking up smoking in future, schools have warned.
Page 13: Lands Minister Terry Redman encouraged Chevron to buy apartments at Karratha’s Pelago East development, which the State Government had invested heavily in, when the company asked for his approval to relocate some of its workforce.
Business: Retail trading restrictions would be abolished and the pharmacy and taxi industries deregulated under sweeping changes recommended by the Federal Government’s competition review.
Otto Energy plans to hand two thirds of its market value in cash to shareholders after confirming it was quitting its core asset.
Shares in ALS have slumped to their lowest level in more than four years after the laboratory services group issued its second profit warning in two months.
Scott River dairy farmer Ross Woodhouse has taken a swipe at local banks as overseas investors prepare to make their move to secure milk supply in WA.
A former financial adviser who used the cash and shares of a retiree and wealthy widow to trade in high-risk investments has been found guilty of stealing.
Britain’s biggest retailer Tesco has suspended four executives and launched an accounting investigation after admitting its half-year profit was overstated by £250 million ($460 million).
The Alibaba Group, China’s e-commerce powerhouse, has made history by raising more than $US21 billion ($23.5 billion) in its record-breaking stock market debut.