Glencore targets ASX listing
Mining giant Glencore is planning to secure a secondary listing on the ASX later this year, bringing a major copper and coal producer to the local bourse as it seeks to broaden its investor base, having complained that its shares in the United Kingdom were undervalued. The Fin
EY forecasts net increase in jobs from AI boom
Australia’s construction and retail sectors stand to be the biggest winners over the coming decade from the artificial intelligence boom, according to new modelling from EY that counters fears the technology will cause widespread job losses. The Fin
NDIS cuts set to sail through parliament
Legislation to cut the cost of the National Disability Insurance Scheme by $38 billion by the end of the decade is set to sail through the Senate the week after next, under a tacit agreement between Labor and the Coalition. The Fin
Tech tax plan faces hurdle
The Greens and Coalition are considering rejecting the Albanese government’s revised plan to tax technology giants that refuse to pay publishers, after media giants Nine Entertainment and News Corp warned they could result in job losses. The Fin
Palmer’s $300bn compo bid fails
Clive Palmer’s attempt to win $300bn in compensation from Australian taxpayers has ended in defeat, with the billionaire and one-time federal MP ordered to pay millions of dollars in legal costs. The Aus
Second claim adds to pressure on KPMG chair
Rigged government tenders for taxpayer dollars and jobs for mates were among formal whistleblower allegations dismissed by a board run by Michael Ebeid, chairman designate of KPMG Australia. The Aus
it’s just plane ‘ridiculous’
Travellers are planning to boycott “ridiculous” Jetstar after the airline’s decision to charge passengers up to $82 to use overhead lockers for carry-on luggage. The West
Labor pours thousands into online scare campaign
Labor is outspending rivals with its online scare campaign as it battles to hold on to the safe Labor seat in the Secret Harbour by-election. The West
WA prisons so overcrowded taxpayers pay prisoners to sleep on the floor
The gratuity payment of up to $10.15 per week is being paid to prisoners subjected to “alternative sleeping arrangements” that include sleeping on mattresses on the floor of cramped cells, according to a statement from the Department of Justice. The West
More parking for Karrinyup
Hundreds more carparking bays are set to be built at Karrinyup Shopping Centre, with plans to expand its existing multi-storey carpark now officially approved. The West
The Australian Financial Review
Page 12: Endeavour chief executive Jayne Hrdlicka is pitching her turnaround plan for the struggling drinks group as a case of short-term pain for long-term gain, after the owner of the Dan Murphy’s liquor chain unveiled hefty asset writedowns and restructuring costs and a big drop in annual profit.
Page 13: Thousands of Westpac bankers are using bots to assess mortgage and credit card applications as the lender scrambles to demonstrate return on investment from its surging spending on artificial intelligence and close the gap with AI leader Commonwealth Bank.
Page 13: Australia’s largest telecommunications company, Telstra, faces the prospect of losing its huge network advantage after the powerful competition watchdog announced it would embark on a year-long inquiry into whether to force telcos to sell access to their towers across the country.
Page 13: Ticketek owner TEG has raised a $100 million war chest from its lenders to target rivals, including Live Nation-owned Ticketmaster, after appointing a new chief executive following the loss of several key government ticketing contracts.
Page 14: The Trump administration’s investment arm is leading a contingent of global and Australian players vying for Andrew Forrest’s controlling stake in West Australian rare earths project, Wyloo Metals, which houses the Yangibana asset.
Page 15: Bank of America is heading west to the heart of Australian mining, opening a Perth office and bolstering its natural resources investment banking team as it seeks to capture a larger share of the country’s busiest industry for dealmaking.
The Australian
Page 13: Rio Tinto’s iron ore boss says moves to re-unionise Western Australia’s Pilbara could undermine the mining giant’s investment case for its iron ore division.
Page 15: Starlink’s customer growth has surged to a record high as Elon Musk’s satellite network deliberately targets telcos and more Australians dodge Telstra and other carriers’ “dead zones”.
Page 15: Some of Australia’s professional basketball team owners have officially banded together in a renewed attempt to have the integrity report into National Basketball League owner Larry Kestelman released in full.
The West Australian
Page 19: The Cook Government has been urged to follow the lead of other States and adopt housing standards requiring new builds to be accessible for those with a disability.
Page 38: Domestic lithium producers, including PLS, Mineral Resources, Core Lithium and the Wesfarmers-SQM joint venture, have restarted mothballed mines or are expanding existing operations amid a more than trebling of the spodumene concentrate price over the past year to beyond $US2000 a tonne.
Page 38: Greatland Resources’ transformational purchase of the historic Telfer mine has earned it the coveted Dealer of the Year award at the 35th annual Diggers and Dealers gala dinner on Wednesday night.
Page 39: Jim Beyer says his Regis Resources would “definitely” throw its hat in the ring to buy AngloGold Ashanti’s majority stake in the prolific Tropicana gold mine.
Page 39: Mines Minister Daniel Pastorell has ruled out lifting WA’s uranium mining ban despite a Federal deal and is not tempted to bump up the gold royalty rate amid sky-high prices for the precious metal.
Page 40: Construction of a new wind farm in the Wheatbelt will start on Thursday in the latest step towards the State Government’s 2030 energy target.
