09/02/2015 - 06:03

Morning Headlines

09/02/2015 - 06:03

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Morning Headlines

Sunrise deadlock: Woodside seeks end

Woodside Petroleum has called for a resolution between Australia and East Timor of the renewed uncertainty over the administration of the Sunrise gas resource in the Timor Sea, as it seeks to break the stalemate around its long-stalled $US13 billion ($17 billion) Sunrise gas project. The Fin

Packer doesn’t want to share his Crown

James Packer’s Crown Resorts is seeking a legal order to stop property developer Iwan Sunito from trading under the name Crown Group Holdings, claiming the apartment developer is cashing in on the $10 billion casino operator’s brand. The Fin

ERA faces Nahan power cut

The State Government is poised to shift economic regulation of Western Power to the Eastern States in a move that opens the door for the cash-strapped utility to make higher rates of return on WA’s electricity network. The West

Abbott to keep challenge at bay

Tony Abbott is confident he will see off a leadership challenge on Monday and demand that a victory, no matter how small, be the end of the matter. The Fin

Union liable for sacking a socialist

The Construction, Forestry, Mining and Energy Union has been ordered to pay $3000 to a former employee after he was illegally sacked due to his political views. The Fin

ASX has ‘zombie’ juniors in sights

The ASX has launched a crackdown on so-called “zombie” junior explorers with dwindling cash balances and little ability to raise fresh equity. The Aus

Stadium offers WA more big events

The Tourism Council wants WA to bid for the 2030 Commonwealth Games. The West

 

 

The Australian Financial Review

Page 1: Tony Abbott is confident he will see off a leadership challenge on Monday and demand that a victory, no matter how small, be the end of the matter.

Page 4: Should Malcolm Turnbull become prime minister, his mission will not be to fundamentally alter the government’s policy direction, but to do what Tony Abbott could not – engage the public, regain its trust, and explain why the budget needs to be balanced and the economy restructured.

Page 7: Cooks, chefs and waiters should be eligible for a new visa designed to allow companies to hire overseas employees for highly specialised work for up to a year.

Page 8: The Construction, Forestry, Mining and Energy Union has been ordered to pay $3000 to a former employee after he was illegally sacked due to his political views.

Page 11: China has tightened its regulation of foreign education partnerships, resulting in cutbacks and delays for joint vocational training programs that are putting at risk hundreds of millions of dollars of Australian export earnings.

Page 13: James Packer’s Crown Resorts is seeking a legal order to stop property developer Iwan Sunito from trading under the name Crown Group Holdings, claiming the apartment developer is cashing in on the $10 billion casino operator’s brand.

Brett Whitford, the largest shareholder in ailing education company Vocation, is racing against time to finalise plans to stop a break-up of the company in which he holds a 15 per cent stake, as rivals circle some of the assets in a sale process being conducted by 333 Capital, the advisory arm of insolvency firm KordaMentha.

Page 15: Woodside Petroleum has called for a resolution between Australia and East Timor of the renewed uncertainty over the administration of the Sunrise gas resource in the Timor Sea, as it seeks to break the stalemate around its long-stalled $US13 billion ($17 billion) Sunrise gas project.

Oil and gas producers remain committed to aggressive cost cuts and reductions in capital expenditure despite a modest jump in the crude oil price that has prompted glimmers of hope that the bottom has been reached.

Page 16: Investors who have pushed big bank share prices to record highs will be closely watching the Commonwealth Bank’s half-year profit this week, which is forecast to hit $4.56 billion.

Page 29: Fairfax Media has struck a multiyear partnership with The Huffington Post Media Group to launch an Australian edition of the US-based news and opinion website, featuring a Sydney-based newsroom of editors and reporters.

Page 32: Chinese real estate giant Shanghai Zhongfu is in discussions with one of Australia’s largest cattle producers Consolidated Pastoral Company to take over a major leasehold in the Ord River area, intending to expand cane production.

 

 

The Australian

Page 1: Tony Abbott will enter this morning’s crucial partyroom meeting to face a verdict on his leadership under the shadow of the Coalition’s worst polling figures since his potential rival Malcolm Turnbull led the Liberal party in 2009.

The childcare union is demanding pay rises of up to 70 per cent for 150,000 workers, comparing their skills to aircraft maintenance engineers, electrical contractors and CSIRO scientists.

Page 2: Australia is facing a glut of highly trained medical researchers seeking to build careers for which there are too few grants to support them.

Page 5: Malcolm Turnbull’s supporters believe he will adopt a Bob Hawke-style consensus approach to resetting the debate about the economy and how to tackle the budget deficit should he regain the Liberal leadership and become prime minister.

Page 6: Clive Palmer says he will work with whoever emerges as prime minister today and denies that Senate obstruction contributed to Tony Abbott’s leadership woes.

Page 17: The ASX has launched a crackdown on so-called “zombie” junior explorers with dwindling cash balances and little ability to raise fresh equity.

Businesses and politicians are driven too much by headlines and short-term vision and need to take a longer-term strategic approach, Virgin Australia chief executive John Borghetti has warned.

Page 23: Netflix has held high-level talks with free-to-air broadcaster Ten Network about partnering on the US streaming giant’s video streaming service in a bid to muscle up against deep-pocketed joint ventures backed by the Seven and Nine networks.

The federal government is investigating how an applicant with little business experience was given a glowing recommendation by its nominations panel and subsequently appointed to the role of SBS chair.

 

 

The West Australian

Page 4: Liberal MPs believe a “chastened” Tony Abbott will survive an attempt on his leadership today but are warning he must use any near-death experience to lift his game dramatically or face an exodus.

Leadership turmoil and the replacement of David Johnston as defence minister have combined to throw two important military contracts into disarray.

Page 7: One hundred students had marks docked from their Year 12 exams last year for cheating, plagiarism or failing to follow exam rules — including submitting work with “inappropriate sexual references”.

Page 10: Two Liberal MPs are calling for all ratepayers whose local councils are flagged for mergers to be given a say after the State Government had to abandon three amalgamations because residents rejected them.

Page 11: The Tourism Council wants WA to bid for the 2030 Commonwealth Games.

Business: The State Government is poised to shift economic regulation of Western Power to the Eastern States in a move that opens the door for the cash-strapped utility to make higher rates of return on WA’s electricity network.

Chinese officials have toured WA’s South-West to see firsthand the complicated process of capturing and storing underground the carbon emissions from industrial projects.

The Furniture Spot is set to close its last four stores after struggling to survive in the wake of a controversial corporate collapse last year.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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