23/03/2015 - 07:22

Morning Headlines

23/03/2015 - 07:22

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Morning Headlines

Pilbara’s new hope, a monorail

Rich-lister Chris Ellison’s firm belief that the iron ore price will fall below $US50 a tonne is motivating his mining services company, Mineral Resources, to propose an audacious ‘‘monorail" system in the Pilbara. The Fin

Government stays quiet on operator bids

The Barnett Government has refused to detail which companies are in the running to operate the new major stadium at Burswood. The West

Pipeline to Fortescue’s cost-saving prospect

A $183 million pipeline that will enable Fortescue Metals Group to lower costs by switching from diesel to gas at its Solomon Hub in the Pilbara has been completed. The West

iiNet dials up

iiNet chairman Michael Smith has arranged a hastily convened call with investors on Monday in response to criticism from some shareholders the board has sold the telco company too cheaply in its $1.4 billion deal with David Teoh’s TPG Telecom. The Fin

Time is ripe for corporate deals

Corporate activity is set to go up a gear as falling interest rates, sluggish organic growth and lower commodity prices force boards into action, building on the strongest start to a year for takeovers since 2011. The Aus

Uni shuts water study centre

The University of WA has shut the world-renowned research organisation set up by acclaimed water expert Jorg Imberger as part of an increasingly bitter dispute between the pair, a leading academic has claimed. The West

 

 

The Australian Financial Review

Page 1: NSW Premier Mike Baird looks set to snap the Coalition’s run of state election losses and secure a reduced but still solid majority next Saturday for his plan to privatise the state’s electricity networks.

Chinese business leaders have ranked Australia as the most attractive place to do business out of a group of large economies and are twice as likely to want to holiday in Sydney, Melbourne or the outback as New York or Chicago.

Page 3: Former ABN Amro Australia chief executive Angus James has won a legal case against the Royal Bank of Scotland for $2.9 million in redundancy payments but lost his claim for $11.4 million in forgone remuneration.

Page 4: The Abbott government’s strong focus on defence and national security is failing to stop a decline in its overall ratings of performance and quality because voters consider these issues less important than health, education and the economy, new research has found.

Page 6: Federal Liberal MP Don Randall has launched a scathing attack on a fellow Liberal politician for ‘‘destroying’’ the life of a Western Australian farmer.

Page 8: The Shanghai businessman is familiar with the recent free-trade agreement, Australia’s reputation for high quality food and, of course, Kevin Rudd – or at least the man known as Lu Kewen in China.

Page 13: Rich-lister Chris Ellison’s firm belief that the iron ore price will fall below $US50 a tonne is motivating his mining services company, Mineral Resources, to propose an audacious ‘‘monorail" system in the Pilbara.

Page 15: iiNet chairman Michael Smith has arranged a hastily convened call with investors on Monday in response to criticism from some shareholders the board has sold the telco company too cheaply in its $1.4 billion deal with David Teoh’s TPG Telecom.

BHP Billiton has rejected claims it flooded the United States with cheap imports of the steelmaking commodity silicomanganese, telling a US government investigation US producers are struggling to compete because they are ‘‘notoriously inefficient’’.

 

 

The Australian

Page  1: Australia is on track to “meet or beat’’ its pledge to cut carbon emissions by 5 per cent by 2020, with new government figures showing the task of meeting the target is far less daunting than previously projected.

Former ACTU presidenbt Martin Ferguson has backed the reinstatement of the Australian Building and Construction Commission, likening the actions of elements of the CFMEU to the outlawed Builders Labourers Federation and declaring the union must be “brought to heel’’.

Australia is on track to “meet or beat’’ its pledge to cut carbon emissions by 5 per cent by 2020, with new government figures showing the task of meeting the target is far less daunting than previously projected.

Page 2: Help for victims of domestic violence will be given priority in a $230 million federal program to support the homeless, as the Abbott government ends a standoff with the states by making a new commitment to fund the services.

Page 3: The Australian government is considering drastic changes to the way red meat destined for export is accredited as safe and free of disease by federal government employed meat inspectors.

Page 6: An up-market childcare chain has defended the right of affluent families to pocket taxpayer subsidies for “six-star” daycare that includes medical checks, French lessons and cooking classes.

Page 17: Corporate activity is set to go up a gear as falling interest rates, sluggish organic growth and lower commodity prices force boards into action, building on the strongest start to a year for takeovers since 2011.

Shares in the nation’s biggest locally owned beer group, South Australia’s Coopers Brewery, have slid in value to almost the price global brewer Lion pitched in its bitter and ultimately failed takeover bid in 2005 as shrinking beer volumes and thrifty drinkers drain the value of the family owned Page 19: Logistics group Asciano has settled a bullying claim against the company and chief executive John Mullen, sparing former executives from giving evidence in a trial due to start today.

 

 

The West Australian

Page 5: The University of WA has shut the world-renowned research organisation set up by acclaimed water expert Jorg Imberger as part of an increasingly bitter dispute between the pair, a leading academic has claimed.

Page 6: The Barnett Government has refused to detail which companies are in the running to operate the new major stadium at Burswood.

Page 9: WA’s peak business lobby has launched a full-scale assault on the nation’s industrial relations system, saying “outdated” and “failed” penalty rate arrangements are strangling jobs.

Page 10: Deep dismay among Liberals at the Abbott Government’s confused economic message will force Treasurer Joe Hockey to give a special address to the party room.

Page 13: WA will get $30 million in Commonwealth funding to fight homelessness and domestic violence but the State Government is asking for long-term certainty to shore up delivery of services.

Business: The board of Macmahon Holdings is expected to sign off this week on further job cuts and restructuring to show financiers it can survive a crippling contract loss.

A $183 million pipeline that will enable Fortescue Metals Group to lower costs by switching from diesel to gas at its Solomon Hub in the Pilbara has been completed.

 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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