Oz Minerals poised to pounce: Citi
OZ Minerals is being touted by Citi as the Australian miner most likely to make a counter-cyclical acquisition, with South32 and Iluka Resources both possessing the capability of becoming predator or prey. The Fin
New safety work orders at Roy Hill
Roy Hill’s major contractors are back in the bad books with the State’s safety regulators, with the Department of Mines and Petroleum issuing more improvement notices. The West
Woodside gets time to make floating LNG pay
Woodside Petroleum’s Browse joint venture has two years to complete detailed project design work under new retention lease conditions, taking it past a self-imposed 2016-end target to sanction development of the world’s biggest floating LNG operation. The West
P&N Bank to trial Decimal’s cloud-based advice platform
Decimal Software, an ASX-listed company that has developed a robo-advice platform, has entered the mutual banking market, striking an agreement with Western Australia-based P&N Bank. The Fin
Asciano deal may open floodgates
Two of Australia’s most powerful infrastructure players say Brookfield’s $9 billion tilt for Asciano may unleash a flood of overseas interest in local utility and electricity assets as global investors clamour for reliable earnings in a low-yield economy. The Fin
Sweeteners go as banks axe deposit rate offers
The nation’s biggest banks have quietly axed promotional interest rates on deposit products less than two months after trumpeting the win for savers when failing to pass on the Reserve Bank’s entire rate cut to mortgage holders. The Aus
Petrol cheapest on a Monday
Monday has replaced Wednesday as the cheapest day to buy unleaded petrol in Perth, an analysis of price trends by FuelWatch has revealed. The West
The Australian Financial Review
Page 1: China’s state pension fund ordered its asset managers to stop selling any local shares on Monday, a sign of the desperate measures being taken by Beijing to halt a share-price collapse that economists worry could hit confidence across the region.
AGL Energy, one of Australia’s two biggest energy retailers, has ditched ambitions to be semi self-sufficient in gas production but will pursue a controversial NSW coal seam gas project.
Page 3: The stereotype of baby boomers blowing their superannuation on luxurious holidays or round-Australia trips to qualify for the age pension is a myth, the Productivity Commission says.
Gina Rinehart says her late father would have had ‘‘great feelings’’ about her management of the iron ore dynasty, although he would not be thrilled at the litigation now tearing apart the family.
Page 5: Prime Minister Tony Abbott could receive more support from the public than his cabinet, if he goes ahead with a plan to strip sole Australian citizens involved in terrorism of their citizenship.
Page 11: Two of Australia’s most powerful infrastructure players say Brookfield’s $9 billion tilt for Asciano may unleash a flood of overseas interest in local utility and electricity assets as global investors clamour for reliable earnings in a low-yield economy.
Page 13: Australia’s iron ore industry will contribute more to the nation in the next decade than it did through the mining boom, and history shows that any market intervention would be ‘‘ineffective at best and counter-productive at worst’’, a new report says.
Page 14: Decimal Software, an ASX-listed company that has developed a robo-advice platform, has entered the mutual banking market, striking an agreement with Western Australia-based P&N Bank.
Page 17: OZ Minerals is being touted by Citi as the Australian miner most likely to make a counter-cyclical acquisition, with South32 and Iluka Resources both possessing the capability of becoming predator or prey.
Gina Rinehart’s legal brawl with Rio Tinto over royalties is set for a third bout, with the iron ore joint venture partners bound for the High Court next month.
Page 19: An ambitious Australian consumer technology group with plans to take on the likes of Apple and Samsung, with a range of wearable technology, mobile devices and electronic gadgets, will list on the ASX after raising capital ahead of a product push.
The Australian
Page 1: Superannuation will never be more than a minor part of the retirement income for most Australians, with a Productivity Commission report showing only those on higher incomes will ever be fully self-funded in retirement.
Page 3: An aircraft designed 40 years ago has outmanoeuvred the hi-tech Joint Strike Fighter, re-igniting debate about whether the JSF needs to be able to “dogfight” with other jets to win air battles.
Page 4: Greek-Australians have embraced their homeland’s overwhelming rejection of an European Union bailout package, calling for solidarity as Greece takes another step towards a possible “Grexit” from the eurozone.
Page 6: Thousands of children “born and bred” in Australia risk deportation under laws designed to punish their parents for living here illegally.
Page 7: Agriculture Minister Barnaby Joyce has backed Nationals MPs who have warned they will refuse to support a Trans-Pacific Partnership trade deal unless it opens up significant export opportunities for the sugar industry.
Page 19: The banking, insurance and superannuation regulator has tightened oversight of outsourcing involving shared computing services, including cloud, after finding “areas of weakness” amid rapid technological change and mounting cyber-crime risks.
Page 23: The nation’s biggest banks have quietly axed promotional interest rates on deposit products less than two months after trumpeting the win for savers when failing to pass on the Reserve Bank’s entire rate cut to mortgage holders.
The West Australian
Page 3: Couples who insist on a homebirth despite the risks are selfish and putting the birthing experience ahead of their baby’s safety, according to a prominent Perth obstetrician.
The American wine “bible” Wine Spectator magazine has bestowed its highest accolade, the Grand Award, on the city’s Print Hall restaurant, the flagship fine diner in the Print Hall complex of restaurants, bars and a bakery cafe.
Page 9: Monday has replaced Wednesday as the cheapest day to buy unleaded petrol in Perth, an analysis of price trends by FuelWatch has revealed.
Business: Kimberley Diamonds failed to pay the final entitlements of workers made redundant months earlier when the listed company last week walked away from its Ellendale operations.
The Wyllie Group-backed Viburnum Funds is at the centre of a hostile $255 million attempt to merge private hospital and specialist surgery operator Pulse Health with ophthalmic care provider Vision Eye Institute.
Roy Hill’s major contractors are back in the bad books with the State’s safety regulators, with the Department of Mines and Petroleum issuing more improvement notices.
Woodside Petroleum’s Browse joint venture has two years to complete detailed project design work under new retention lease conditions, taking it past a self-imposed 2016-end target to sanction development of the world’s biggest floating LNG operation.
The WA-based Seafarms Group is thought to be rattling the tin to raise about $10 million from shareholders to help progress its plan to create Australia’s biggest prawn farm.