04/06/2015 - 06:48

Morning Headlines

04/06/2015 - 06:48

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Morning Headlines

Woodside ponders US LNG plant with Sempra

Woodside Petroleum has teamed up with one of the world’s biggest energy utilities to consider building an LNG plant in the US. The West

Rio iron ore boss keeps eye on prize

Rio Tinto iron ore boss Andrew Harding says he will push staff to keep running on the cost-cutting ‘‘treadmill’’ and retain the mining giant’s mantle as the world’s lowest-cost exporter, even as gains become smaller and harder to reach. The Fin

Lowy undermined FFA says ex-board member

A former Football Federation of Australia board member accused chairman Frank Lowy of undermining corporate governance at the organisation and said he restricted information about its failed bid for the 2022 World Cup. The Fin

Gruyere discovery puts Gold Road on the map

Australian Securities Exchange-listed Gold Road has confirmed its Gruyere gold discovery on Western Australia’s remote Yamarna greenstone belt as one of the biggest in recent times at more than five million ounces. The Aus

CBH in game-on for fertiliser

Australia’s biggest co-operative will begin supplying farmers with fertiliser in an historic move set to rock the billion-dollar-a-year industry in WA. The West

Tough decisions loom on Aurizon for Poole

New Aurizon chairman Tim Poole has been charged with overseeing the rail group’s controversial expansion plans in the Pilbara after being appointed to succeed John Prescott. The Fin

Banks blocking rate-rig probe

Australian Securities & Investments Commission chairman Greg Medcraft has attacked Australian banks for obstructing the corporate watchdog’s investigation into alleged manipulation of benchmark interest rates, calling some banks’ behaviour “absolutely appalling”. The Aus

Spudshed to open its first shop in SW

Spudshed will add to its burgeoning empire with owner Tony Galati revealing the independent supermarket chain has finally received approval for its first shop in the South West. The West

 

 

The Australian Financial Review

Page 1: An unprecedented national income squeeze is driving Australians to spend more and save less while economic growth is weak.

Page 3: A former Football Federation of Australia board member accused chairman Frank Lowy of undermining corporate governance at the organisation and said he restricted information about its failed bid for the 2022 World Cup.

Page 4: Assistant Treasurer Josh Frydenberg has left open the possibility of allowing new types of retirement products, as new controversy broke out over whether the Coalition will contemplate super reform in a second term of government.

Page 6: ANZ Banking Group was named as one of the big banks frustrating an investigation into the fixing of key market interest rates.

Page 17: Rio Tinto iron ore boss Andrew Harding says he will push staff to keep running on the cost-cutting ‘‘treadmill’’ and retain the mining giant’s mantle as the world’s lowest-cost exporter, even as gains become smaller and harder to reach.

New Aurizon chairman Tim Poole has been charged with overseeing the rail group’s controversial expansion plans in the Pilbara after being appointed to succeed John Prescott.

Page 19: BHP Billiton chief executive Andrew Mackenzie says cutting or stalling new low-cost, profitable iron ore supply in Australia would be ‘‘a nonsense’’ that would penalise customers and shareholders, and disrupt the power of open markets.

Page 20: Mark Creasy was adamant that Sirius Resources shareholders should retain exposure to the ‘‘first class’’ Nova-Bollinger project in any takeover deal.

 

 

The Australian

Page 1: Joe Hockey has slammed those doubting the strength of the Australian economy as “clowns” after soaring resource exports and the housing boom delivered the best GDP growth in a year.

Page 6: Tony Abbott is encouraging backbenchers to campaign for tougher sanctions on sole Australian nationals who take up arms with terrorists, despite objections in cabinet to the divisive idea.

Page 19: Australian Securities & Investments Commission chairman Greg Medcraft has attacked Australian banks for obstructing the corporate watchdog’s investigation into alleged manipulation of benchmark interest rates, calling some banks’ behaviour “absolutely appalling”.

Australian universities have urged the federal government to increase incentives for small businesses to collaborate with public research institutions, warning that the “bread and butter” of the economy is missing out on crucial assistance.

Page 21: Woolworths will harvest the customer data flowing through its check-outs to ensure its 952 supermarkets carry groceries tailored to the catchment areas they serve, creating a potential headache for suppliers as they race to have a selection of products meeting regionally diverse needs.

Page 22: Australian Securities Exchange-listed Gold Road has confirmed its Gruyere gold discovery on Western Australia’s remote Yamarna greenstone belt as one of the biggest in recent times at more than five million ounces.

 

 

The West Australian

Page 3: WA women do not want quotas that would force companies to have a certain number of women on boards.

Page 9: Spudshed will add to its burgeoning empire with owner Tony Galati revealing the independent supermarket chain has finally received approval for its first shop in the South West.

Page 16: The former operations director of the Corruption and Crime Commission has been appointed interim chief of WA’s new road safety body.

Business: Woodside Petroleum has teamed up with one of the world’s biggest energy utilities to consider building an LNG plant in the US.

Chinese company CITIC claims it is the only company entitled to operate a Pilbara iron ore port and insists it is not shutting Clive Palmer’s company out.

Mining services provider Resource Development Group has sold two of its smaller subsidiaries to their management teams and associates.

Australia’s biggest co-operative will begin supplying farmers with fertiliser in an historic move set to rock the billion-dollar-a-year industry in WA.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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