Marmion enters Ellendale fray
Mines Minister Bill Marmion has intervened in the saga of Kimberley Diamonds’ collapsed Ellendale diamond mine, summoning the company’s administrators to discuss outstanding royalty payments and environmental concerns. The West
Atlas defies dire conditions as raising closes
Atlas Iron looks set to beat dismal market expectations of its $180 million capital raising, with retail holders having applied for about $26 million worth of shares as at the end of last week. The West
Abbott lines up double-D unions poll
The Abbott government plans to give itself the option of calling a double dissolution election based on trade union corruption when Parliament resumes in mid-August. The Fin
Telcos vie for Netflix as Singtel-Optus deal ends
Netflix’s exclusive partnership with Singtel-Optus has ended after three months, setting the stage for a bidding war between rival telcos vying to offer the popular service to win new customers. The Fin
Tigerair set to lift global game
Virgin Australia, which is looking to turn around its loss-making international division, has struggled to fill seats to key leisure destinations Bali, Fiji and Thailand since the start of the year as it battles against stiff competition from rivals. The Fin
Xavier Simonet has high Kathmandu peak to climb
Xavier Simonet, the new chief executive of beleaguered retailer Kathmandu, wants to shake up promotional periods, expand online and push the brand abroad. The Fin
The Australian Financial Review
Page 1: The Abbott government plans to give itself the option of calling a double dissolution election based on trade union corruption when Parliament resumes in mid-August.
Some global investors are betting the dollar will fall further towards US70¢, and possibly below, in coming months, driven down by a commodity price slump and rising US interest rates.
Page 3: The boards of a dozen top-300 companies face being dumped by their investors, as protest votes over executive pay double and shareholders put bonuses back in the spotlight before 2015’s annual meeting season.
Most Australians would support an increase to the GST as a trade-off for income tax cuts or the abolition of stamp duties, according to an online survey of 2000 people.
Page 4: The global shift to renewable energy is a sizeable risk that the financial system needs to confront, former National Australia Bank chief executive Cameron Clyne says.
Page 7: The Senate probe into credit cards may not deliver lower interest rates, as Treasury analysis finds the credit card market is competitive and it is up to consumers to shop around.
Netflix’s exclusive partnership with Singtel-Optus has ended after three months, setting the stage for a bidding war between rival telcos vying to offer the popular service to win new customers.
Page 13: Xavier Simonet, the new chief executive of beleaguered retailer Kathmandu, wants to shake up promotional periods, expand online and push the brand abroad.
Page 14: Telstra’s Asian strategy is set for an overhaul, after it was revealed the head of its international operations, Tim Chen, will leave the telecommunications giant by the end of 2015.
Page 15: The traditional owners of the land on which the Ranger uranium mine is built have challenged the federal government to guarantee that no future mining will occur on the Ranger and Jabiluka mineral leases, and to begin preparations for the sites’ inclusion in Kakadu National Park.
Page 18: Virgin Australia, which is looking to turn around its loss-making international division, has struggled to fill seats to key leisure destinations Bali, Fiji and Thailand since the start of the year as it battles against stiff competition from rivals.
The Australian
Page 2: Federal Agriculture Minister Barnaby Joyce has been accused of being a “xenophobic loony” by the head of the contentious $1.7 billion Shenhua Watermark coalmine project in northwest NSW.
Changes to the rules for the $10 billion government green bank that will prevent new investments in household solar rooftop panels and wind farms have ignited a political furore.
Page 5: Nearly 40,000 extra Sunday and public holiday jobs would be created if penalty rates in the restaurant industry were reduced on those days, new research suggests.
Page 6: Trade Minister Andrew Robb is “confident’’ a deal on the 12nation Trans-Pacific Partnership will be signed within weeks after a ministerial meeting to clinch the agreement late this month.
Page 17: Global sharemarkets and “risk-on” investments worldwide look set to take a hit today after European Union finance ministers declined over the weekend to accept austerity measures proposed by new Greek Finance Minister Euclid Tsakalotos.
German supermarket discounter Aldi has revealed new figures for its booming Australian business that show sales and pre-tax profit more than doubling since 2010, underlining the major threat it increasingly poses to rivals Woolworths and Coles as well as independent supermarket chains.
Page 20: The Australian Securities & Investments Commission has conceded there are evidentiary difficulties in proving illegal phoenix activity, where companies are deliberately wound down to avoid paying creditors, tax and other liabilities, but then reappear anew in a “risen” company.
The West Australian
Page 1: Health insurer HBF has had an alarming surge in claims from people with type 2 diabetes, with their hospital admissions more than doubling in two years.
Page 4: The Uniting Church is considering whether to stop its ministers from conducting marriage ceremonies on behalf of the state if laws are changed to allow gay marriage.
Page 9: A crackdown on the ballooning number of disability pensioners is working, with rejection of applicants at a 10-year high.
Business: Mines Minister Bill Marmion has intervened in the saga of Kimberley Diamonds’ collapsed Ellendale diamond mine, summoning the company’s administrators to discuss outstanding royalty payments and environmental concerns.
Atlas Iron looks set to beat dismal market expectations of its $180 million capital raising, with retail holders having applied for about $26 million worth of shares as at the end of last week.