China deal on cattle exports
One million beef cattle valued at more than $1 billion are set to be shipped to China each year under a ground-breaking deal between the Australian and Chinese governments that will double Australia’s live-export cattle trade. The Aus
Price pressures linger as miners mull payouts
The boards of WA’s iron ore producers face a tough task in the lead up to the end of the year as they balance the dividend demands of institutional shareholders against plummeting margins brought on by the metal’s fast-falling price. The West
Strikes threaten port, Wheatstone
Australia’s busiest mineral export port could shut down next week as tug mechanics step up their fight for better pay and conditions. The Fin
Inpex power plant blowout adds $174m
Inpex has moved quickly to quash any suggestion the budget and timetable for its $US34 billion ($39.4 billion) Ichthys LNG project are under pressure because of a big cost blowout for the power station contract. The West
Crackdown on tax could backfire
Australia risks losing billions in tax revenues from resources sales to Asia if global efforts to stop multinational tax avoidance backfire, Wesfarmers chief executive Richard Goyder said. The Fin
Fairfax downplays rift with Rinehart
Fairfax Media chairman Roger Corbett has dismissed suggestions that major shareholder Gina Rinehart is antagonistic towards the company, despite the billionaire voting against an options package for chief executive Greg Hywood and the re-election of new director Todd Sampson. The Aus
Government units off market
The State Government has given up on selling its 29 empty apartments in Karratha’s Pelago East tower, instead transferring most to the WA Country Health Service so public servants can move in. The West
The Australian Financial Review
Page 1: Australia risks losing billions in tax revenues from resources sales to Asia if global efforts to stop multinational tax avoidance backfire, Wesfarmers chief executive Richard Goyder said.
Page 4: Trade negotiators and industry groups have spent the week in Beijing trying to win last-minute concessions, which should provide big gains for Australian beef, dairy and wine.
Page 5: The leaders of Australia, the United States and Japan are planning a joint meeting on the sidelines of the G20 summit in Brisbane in a move that would test further the strength of the relationship with China.
Page 7: Australia’s busiest mineral export port could shut down next week as tug mechanics step up their fight for better pay and conditions.
A secret deal for the Transport Workers Union to audit competitors of Toll Holdings is headed for the courts.
Page 11: The tax commissioner has revoked six agreements with multinationals in the past six months after deciding they had misled the Tax Office and engaged in “aggressive tax planning”.
Page 13: Ten Network Holdings and its adviser Citi will begin management meetings with potential bidders for the company next week, with a potential joint offer by US media giant Discovery Communications and Foxtel currently frontrunner.
Page 15: Coles has ruled out splitting its food and liquor businesses despite conceding that it would take another five years to turn its underperforming liquor chains around.
Page 16: Telstra could make a $US328 million ($380million) windfall by selling part of its shares in its Chinese car sale website Autohome on the New York Stock Exchange.
Rail operator Aurizon has warned that its business may be disrupted ahead of Christmas after a union representing train drivers said it was balloting workers to take industrial action.
Page 17: Genworth Mortgage Insurance Australia has ratcheted up its guidance for full-year underlying profit, buoyed by reduced insurance claims as loan losses from a benign housing market were curtailed.
The Australian
One million beef cattle valued at more than $1 billion are set to be shipped to China each year under a ground-breaking deal between the Australian and Chinese governments that will double Australia’s live-export cattle trade.
ASADA’s star witness in its case against 34 current and former Essendon footballers has contradicted claims by a Chinese biochemical supplier about the substances at the centre of the doping scandal.
Shares in News shot up 6.6 per cent, or $1.12, to $18.08 as the company got off to a strong start in its second fiscal year as the “new” News following last year’s historic split of Mr Murdoch’s media empire.
Echo Entertainment chairman John O’Neill says he willpush ahead with a $345m upgrade of Jupiters Hotel and Casino on the Gold Coast, as well as his $1 billion bid to build a new casino and entertainment complex in Brisbane, despite signs of a slowing in Chinese tourism.
Unemployment has held at close to a 12-year high of 6.2 per cent and would be climbing even higher but for the growing numbers of men opting out of the workforce altogether.
Fairfax Media chairman Roger Corbett has dismissed suggestions that major shareholder Gina Rinehart is antagonistic towards the company, despite the billionaire voting against an options package for chief executive Greg Hywood and the re-election of new director Todd Sampson.
Fortescue Metals Group was hit hard by the falling price, unlike the lower-cost BHP Billiton and Rio Tinto and despite Fortescue chief executive Nev Power’s message to a Melbourne function that there was little advantage in being diversified across a range of commodities
The West Australian
Page 3: WA scientists have made a major breakthrough in efforts to rid Australia of feral cats — considered the single biggest threat to endangered native animals.
Page 6: Prime Minister Tony Abbott’s pledge to create one million jobs in five years is under threat as figures show the nation’s businesses are struggling to put on new staff.
Page 9: The State Government has given up on selling its 29 empty apartments in Karratha’s Pelago East tower, instead transferring most to the WA Country Health Service so public servants can move in.
Page 13: The industrial peace in the resources industry has been shattered by two upcoming strikes in the North West, which are expected to disrupt iron ore deliveries and affect the oil and gas sector.
The supermarket war is heating up as independent retailer Spudshed prepares to open its biggest store, which will operate around the clock at Innaloo.
Page 22: Australian health authorities are under pressure to fund two drugs to treat advanced breast cancer which now cost women up to $20,000.
Page 28: Murdoch will be one of the biggest medical hubs in the country within months, boasting more than 1300 hospital beds and treating about 110,000 emergency patients a year.
Business: The boards of WA’s iron ore producers face a tough task in the lead up to the end of the year as they balance the dividend demands of institutional shareholders against plummeting margins brought on by the metal’s fast-falling price.
One of Australia’s most secretive billionaires intends to play a role in the future of $700 million takeover target Amcom after ramping up his stake in the Perth telco.
Georgiou Group’s growing national footprint has contributed to a more than quadrupling of its annual profit despite the resources slowdown.
Inpex has moved quickly to quash any suggestion the budget and timetable for its $US34 billion ($39.4 billion) Ichthys LNG project are under pressure because of a big cost blowout for the power station contract.
Design and construction company Decmil Group has bought the assets of a collapsed WA telecommunications services provider for about $1 million.