15/01/2015 - 05:55

Morning Headlines

15/01/2015 - 05:55

Bookmark

Save articles for future reference.
Morning Headlines

Receiver chases Rio for $150m Forge claim

Mining giant Rio Tinto is facing a fight with the receiver of collapsed mining services firm Forge Group to keep $100 million in bank bonds Rio called down on terminating a string of contracts days after the company fell over. The Fin

Safety worry slows Rinehart’s Roy Hill

Western Australia’s Department of Mines and Petroleum is investigating serious safety concerns at Gina Rinehart’s $10 billion Roy Hill iron ore mine. The Fin

Brookfield backs bid for Apache’s WA gas

Canadian funds giant Brookfield has joined a Macquarie Bank-led consortium in preparing a bid for Apache’s WA gas business. The West

Commodity crisis hits copper

The price of copper plunged to its lowest level in almost six years because of fears of a supply glut and slowing global growth that have already hit iron ore, coal and oil. The Fin

Jobs goal slips out of PM’s reach

The federal government is falling behind on a key election pledge to create one million jobs over five years, in a blow to its economic agenda as experts warn that the target may never be achieved. The Aus

Watkins puts stamp on CCA leadership

Coca-Cola Amatil boss Alison Watkins has completed her purge of Terry Davis-era lieutenants as she continues her quest to cut $100 million from the business and underpin a rebound in sales and earnings. The Aus

Kerman gets Sirius

Kerman Contracting has been awarded a $23 million job to design and construct an accommodation village for Sirius Resources’ Nova nickel-copper project east of Norseman. The West

 

 

 

The Australian Financial Review

Page 1: The price of copper plunged to its lowest level in almost six years because of fears of a supply glut and slowing global growth that have already hit iron ore, coal and oil.

After vowing to clear “barnacles” from its unpopular 2014 budget before Christmas and regain political momentum, the federal government’s attempt to reduce payments to GPs for short visits will be defeated by crossbench senators, Labor and the Greens.

Western Australia’s Department of Mines and Petroleum is investigating serious safety concerns at Gina Rinehart’s $10 billion Roy Hill iron ore mine.

Page 3: Regional motorists are being ripped off by petrol chains refusing to pass on a plunge in petrol prices, which have dipped to their lowest levels in more than four years.

Page 6: Prime Minister Tony Abbott says his government will not change race hate laws despite calls for their repeal in the wake of the deadly attack on French satirical magazine Charlie Hebdo.

Page 7: Sales at the largest Australian-owned brewery and third-largest beer group, Coopers, hit an all-time high last year, when they rose 7.4 per cent to 77.3 million litres of beer.

Page 11: Mining giant Rio Tinto is facing a fight with the receiver of collapsed mining services firm Forge Group to keep $100 million in bank bonds Rio called down on terminating a string of contracts days after the company fell over.

Telstra Corp has turned from pariah into market darling in less than four years, with shares hitting their highest levels since 2001 and the company poised to deliver strong returns for investors in a volatile market.

Page 13: One of BHP Billiton’s biggest shareholders says that the mining giant has a responsibility to stick to its $US6.5 billion progressive dividend policy despite the crash in commodity prices, because it opted against returning excess cash during recent super profit years.

Page 16: The fall in the oil price is not negative for new aircraft orders because it places airlines in a better financial position from which they are more likely to order new planes, says Airbus marketing boss John Leahy.

Page 17: Woodside Petroleum chief executive Peter Coleman has invited Indian gas industry players to consider joining with the company to invest in liquefied natural gas projects, suggesting such partnerships would allow decisions on new plants that would head off a potential shortfall of supplies as early as 2020.

Page 23: Citigroup has slashed its iron ore price forecasts for the second time in three months, citing cheaper oil and the depreciation of major exporters’ currencies as the main drivers behind the downgrade.

 

 

The Australian

Page 1: The federal government is falling behind on a key election pledge to create one million jobs over five years, in a blow to its economic agenda as experts warn that the target may never be achieved.

Page 2: Government plans to save $3.5 billion by cutting payments to doctors have been thrown into disarray after Labor vowed to use its numbers in the Senate to block new regulations.

Page 5: The commonwealth needs to seriously consider intervening in the finance market to allow older Australians to access the value in their family home to pay for their own aged-care costs and may need to go as far as developing a government-backed equity release scheme, the sector says.

Page 15: Coca-Cola Amatil boss Alison Watkins has completed her purge of Terry Davis-era lieutenants as she continues her quest to cut $100 million from the business and underpin a rebound in sales and earnings.

Page 16: Gold miner Kingsgate Consolidated has had its Chatree mine suspended after Thailand’s celebrity chief forensic scientist, who has her own wax figure at Bangkok’s Madame Tussauds, joined the cause of local villagers complaining about the mine.

Page 19: Confidence among the property industry has slipped in the last twelve months, with a near-quarter drop in sentiment in struggling Western Australia, according to an ANZ Property Council survey.

 

 

The West Australian

Page 3 Elder Robert Isaacs has urged fellow indigenous Australians to embrace Australia Day, arguing it should be a celebration free of the daily influence of politics and instead focus on “the good things we have done as a nation”.

Page 5: A record 324 new doctors will start work in WA hospitals this year, almost 40 per cent of them based at Fiona Stanley Hospital.

Page 7: The City of Perth wants to use State Government legislation to dramatically expand its planning powers.

Page 11: The $20 increase paid by patients for making a brief visit to the doctor is likely to be short-lived, with Labor and crossbench senators planning to reverse Tony Abbott’s cuts to Medicare rebates.

Page 14: Urgently needed upgrades to Perth Airport’s runway lighting — to allow a more capable landing system and virtually eliminate fog diversions — has not started as promised.

Business: Canadian funds giant Brookfield has joined a Macquarie Bank-led consortium in preparing a bid for Apache’s WA gas business.

A police investigation has been launched at a Kimberley gas well site after it was found a leaky valve had been deliberately damaged.

Woodside Petroleum managing director Peter Coleman has told potential customers and joint venture partners in India they risked a substantial gas shortage from as early as 2020 if they did not back a new wave of LNG developments, such as his company’s Browse project.

Kerman Contracting has been awarded a $23 million job to design and construct an accommodation village for Sirius ResourcesNova nickel-copper project east of Norseman.

CBH will push for greater support from governments after announcing a whopping $149.2 million profit in 2013-14.

 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options