17/10/2014 - 06:01

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17/10/2014 - 06:01

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Barnett has an ally in Fortescue Fortescue Metals Group boss Nev Power has backed Western Australia Premier Colin Barnett’s attack on BHP Billiton and Rio Tinto for flooding an already depressed iron ore market. The Fin Santos’s WA plea

Barnett has an ally in Fortescue

Fortescue Metals Group boss Nev Power has backed Western Australia Premier Colin Barnett’s attack on BHP Billiton and Rio Tinto for flooding an already depressed iron ore market. The Fin

Santos’s WA plea

Santos is set to make an impassioned plea to the Western Australian government to go public on the domestic gas supply obligations of the LNG projects so it can decide whether to invest in new production. The Fin

Consultant to rewrite ‘flawed’ ANU report

Copper and goldminer Sandfire Resources says investment consultant CAER has agreed to rewrite a “false and misleading” report used by Australian National University to blacklist the company – along with six others – from its $1.1 billion investment fund for causing “social harm”. The Fin

Tradies scarce in Perth building surge

Tradespeople are in hot demand in Perth and bricklayers and other skilled labourers are struggling to keep up with residential construction demand. The Fin

Brookfield freight secrets outed

A powerful parliamentary committee has revealed highly sensitive documents Brookfield Rail and the State Government tried to keep secret in a scathing report on management of WA’s freight network. The West

Speculators chase Woodside target

As Woodside Petroleum upwardly revised its full-year production guidance yesterday, there were market rumblings that it is in the throes of preparation for a major acquisition. The Aus

Beckett’s Gorgon LNG exit surprises

Chevron executive Colin Beckett, who for the past nine years has been in charge of Australia’s biggest resources project, the $US54 billion ($61.8 billion) Gorgon LNG development, has quit. The West

Turnaround prompts Iluka’s WA mine re-start

Iluka Resources says it plans to restart a Western Australian mine due to what it says is an improving mineral sands market. The West

 

 

The Australian Financial Review

Page 1: Turmoil in global markets has pushed out expectations for the first interest rate hike from the United States Federal Reserve, threatening to hold up the Australian dollar and frustrate the Reserve Bank of Australia’s hopes to start “normalising’’ its record low rates.

Copper and goldminer Sandfire Resources says investment consultant CAER has agreed to rewrite a “false and misleading” report used by Australian National University to blacklist the company – along with six others – from its $1.1 billion investment fund for causing “social harm”.

Page 5: A Federal Court judge will decide if grocery retailer Coles acted unconscionably by forcing suppliers to plug gaps in its profits and pay for wastage in its stores or whether such actions are a “normal” part of doing business.

Santos is set to make an impassioned plea to the Western Australian government to go public on the domestic gas supply obligations of the LNG projects so it can decide whether to invest in new production.

Page 10: A senior executive from Nippon Steel, one of the world’s largest steel producers and biggest importers of Australian coal, has rejected the push to replace fossil fuel with renewables.

Page 12: Tradespeople are in hot demand in Perth and bricklayers and other skilled labourers are struggling to keep up with residential construction demand.

Page 19: Fortescue Metals Group boss Nev Power has backed Western Australia Premier Colin Barnett’s attack on BHP Billiton and Rio Tinto for flooding an already depressed iron ore market.

James Packer’s Melbourne and Perth casinos have failed to shrug off poor consumer sentiment, while a lucky streak among VIP gamblers has seen them take more money than expected off the casino billionaire.

Page 22: Woodside Petroleum has boosted its full-year target for production for the second time in three months after a strong September quarter that also benefited from a rise in liquefied natural gas prices.

 

 

The Australian

Page 1: The “true atomic age” of limitless electricity without any radioactive waste or carbon dioxide emissions could be a reality within a decade, according to a US aerospace company that has claimed a breakthrough in nuclear fusion.

Page 2: Coles crossed a line between the normal “rough and tumble” of robust business negotiations between retailers and suppliers and into unconscionable conduct of threats and demands for money, the competition and consumer watchdog has alleged.

Page 7: Unionists have been warned that they face new restraints on their industrial conduct after the High Court ruled that the sacking of a BHP Coal employee who waved a “scab’’ sign was lawful.

Page 19: The chief executive of the free-to-air Ten Network has said the broadcaster is on the path to recovery for the first time since he took the helm 18 months ago, and flagged his firm intention to bid for the Australian Football League’s TV rights.

Page 20: As Woodside Petroleum upwardly revised its full-year production guidance yesterday, there were market rumblings that it is in the throes of preparation for a major acquisition.

The proposed merger between CSR and Boral Limited’s brick manufacturing business is under threat after the Australian Competition & Consumer Commission voiced concerns the proposal would result in a duopoly.

Page 21: The federal government has been flooded with interest in the Medibank Private float, which is the biggest commonwealth privatisation deal since the $15.5 billion sale of the final tranche of Telstra shares in 2006.

Page 22: NBN Co boss Bill Morrow has taken the first step towards splitting the company by creating an HFC division under the control of new recruit Dennis Steiger.

Page 23: Apple is falling behind the competition in the mobile payments arms race, having ceded ground to Google Android, claims Commonwealth Bank boss Ian Narev.

Page 28: A new head of the Civil Aviation Safety Authority is expected to be announced in the next two weeks, government sources have confirmed.

 

 

The West Australian

Page 4: Storm clouds over the Corruption and Crime Commission intensified after Police Commissioner Karl O’Callaghan revealed yesterday that his detectives’ investigations into alleged corruption within the CCC were far from over.

Page 15: The Australian Medical Association WA says it has serious concerns about State Government plans to allow electronic billboards on Perth freeways.

Page 20: Supermarket giant Coles set aside one day a year called “profit day” to extract improper payments from its suppliers, the competition regulator claims.

Page 24: Two years after City of Fremantle revealed plans to retain illegal graffiti with artistic merit, just seven pieces of art have got the nod to stay.

Page 28: Colin Barnett has admitted tomorrow’s Vasse by-election was the reason the Liberal candidate was invited to the presentation of $2 million in public money to the City of Busselton, while other parties were excluded.

Page 38: The State Government has been forced to tighten controls around almost $40 million in cost of living payments for seniors amid concerns some recipients may not be entitled to it.

Business: Fortescue Metals Group has thrown its support behind Colin Barnett, saying it understood the embattled Premier’s “frustration” with the collapsed iron ore price at a time when Pilbara leaders Rio Tinto and BHP Billiton were flooding the market with more volumes.

Woodside Petroleum has shrugged off a slump in global oil prices to declare it had more than doubled the revenue it receives for every Pluto cargo shipped.

Chevron executive Colin Beckett, who for the past nine years has been in charge of Australia’s biggest resources project, the $US54 billion ($61.8 billion) Gorgon LNG development, has quit.

Tony Poli is keeping mum on speculation he is poised to use some of his takeover windfall to buy the stalled Port Geographe residential development.

The operator of the Perth Mint has shrugged off a fall in profit on the back of “somewhat of a mixed bag of conditions” that included weaker gold prices.

Santos, one of WA’s biggest gas suppliers, has lamented a lack of political will to remove the State’s domestic reservation policy, leading to a “bizarre” and “uncertain” market place based on a flawed plan.

Iluka Resources says it plans to restart a Western Australian mine due to what it says is an improving mineral sands market.

A powerful parliamentary committee has revealed highly sensitive documents Brookfield Rail and the State Government tried to keep secret in a scathing report on management of WA’s freight network.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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