27/07/2015 - 06:40

Morning Headlines

27/07/2015 - 06:40

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Morning Headlines

Rinehart lieutenant bullish on ore, flags Roy Hill delays

Gina Rinehart’s most trusted lieutenant expects the price of iron ore will recover to $US80 a tonne despite surging supply and has flagged that the $US10 billion ($13.7 billion) Roy Hill project will start shipping ore in early October, later than scheduled. The Fin

Union, Griffin in roster ruckus

Griffin Coal has told the Fair Work Commission it has the “managerial prerogative” to change rosters at its Collie coal mine, a move unions claim would cost workers $50,000 a year each. The West

TPG-iiNet deal faces key vote

The vote to determine if iiNet will be bought for $1.56 billion by rival broadband provider TPG Telecom will take place today but lingering concerns from the competition regulator could still derail the deal. The Aus

Upbeat NBN set to bump up staff

The company building the government’s $41 billion National Broadband Network is about to embark on a massive hiring spree, increasing its headcount by more than a third over the next 18 months as it ramps up the rollout of the nation’s largest ever infrastructure project. The Aus

Surprise wins in TPP deal: Robb

Services firms in the mining and energy sectors are set to be the biggest winners from the Trans Pacific Partnership, which enters its make-or-break week when a final round of talks start on Tuesday. The Fin

TV rivals team up to call for GST on Google

Foxtel and its bitter rivals in free-to-air television have agreed to a rare show of unity by writing to the federal Treasurer Joe Hockey pressing him to make Google and Facebook collect GST on digital advertising sales. The Fin

 

 

The Australian Financial Review

Page 1: Services firms in the mining and energy sectors are set to be the biggest winners from the Trans Pacific Partnership, which enters its make-or-break week when a final round of talks start on Tuesday.

Page 3: Tax breaks would be more generous for bank savings but reduced for negatively geared investment property, under a sweeping plan to make the taxation of savings fairer.

Page 5: The government says it is confident that the country-of-origin laws announced last week meet Australia’s requirements under World Trade Organisation (WTO) rules and the Investor State Dispute Settlement (ISDS) clauses in trade agreements, which allow foreign companies to seek redress for discrimination.

Page 11: It would cost only about $300 million a year to dramatically improve student achievement in the early years in Australia’s most needy primary schools, according to a new study by the Grattan Institute.

Page 13: Gina Rinehart’s most trusted lieutenant expects the price of iron ore will recover to $US80 a tonne despite surging supply and has flagged that the $US10 billion ($13.7 billion) Roy Hill project will start shipping ore in early October, later than scheduled.

Page 18: The recent slump in gold prices is not deterring Newmont Mining from expanding its Tanami mine in the Northern Territory, with the Colorado-based giant saying the expansion should remain viable even if prices fall to less than $US1000 an ounce.

Page 29: Foxtel and its bitter rivals in free-to-air television have agreed to a rare show of unity by writing to the federal Treasurer Joe Hockey pressing him to make Google and Facebook collect GST on digital advertising sales.

 

 

The Australian

Page 1: Bill Shorten has strengthened his leadership by winning vital policy fights at Labor’s national conference, using the support of key unions to fight off vigorous challenges that would have damaged his authority.

Page 4: Australia’s richest person, Gina Rinehart, has beaten fellow billionaires Andrew Forrest and Kerry Stokes in a race to buy Kimberley cattle station Fossil Downs in a deal that increases her exposure to Asia’s growing demand for Australian beef.

Page 5: Children with autism-spectrum disorders have flooded the trial of the National Disability Insurance Scheme in South Australia and make up almost half of all participants, contributing to a blowout in the numbers which would be replicated across the country when the full scheme launches.

Page 6: Labor’s pledge to increase the refugee humanitarian intake to 27,000 people a year, a key factor in winning support for a policy shift on boat turnbacks, will have no immediate hit to the budget because it is staggered over a decade.

Page 7: Labor will rely on taxpayer funds to deliver on deals at its national conference as major new policies add at least $450 million to federal budget outlays.

Page 19: Persistent weakness in already clapped out commodity prices is triggering a new round of asset value write-downs on top of the $US140 billion ($192bn) notched up by the global mining industry since 2011.

The company building the government’s $41 billion National Broadband Network is about to embark on a massive hiring spree, increasing its headcount by more than a third over the next 18 months as it ramps up the rollout of the nation’s largest ever infrastructure project.

Page 21: Department store Myer’s decision to axe potentially hundreds of permanent jobs has been dubbed a “sad day for Australian retailing’’, but also a reflection on poor consumer confidence in the discretionary retail sector.

Page 22: The vote to determine if iiNet will be bought for $1.56 billion by rival broadband provider TPG Telecom will take place today but lingering concerns from the competition regulator could still derail the deal.

Page 24: Investors and analysts are tipping that residential developers, funds management-focused groups and well-positioned retail landlords will drive a strong reporting season for the property sector.

Page 26: GroupM, Australia’s biggest buyer of airtime, has given the Seven, Nine and Ten networks a big vote of confidence, committing to spend another $650 million on television advertising in the 2015-16 financial year despite grave threats it would shift expenditure to digital media.

 

 

The West Australian

Page 4: Labor MPs have been guaranteed a conscience vote on gay marriage for only the next two terms of Parliament under a compromise thrashed out between Labor leader Bill Shorten and factional leaders at the ALP national conference.

Perth’s only high-rise city school, St George’s Anglican Grammar School, will open its doors to students for the first time today.

Business: Griffin Coal has told the Fair Work Commission it has the “managerial prerogative” to change rosters at its Collie coal mine, a move unions claim would cost workers $50,000 a year each.

WA’s gold sector appears to be undergoing a metamorphosis with local companies buying up a raft of gold mines from foreign companies or becoming increasingly active in recent years.

British publishing company Pearson says it is in talks to sell its 50 per cent stake in The Economist Group, owner of the prestigious magazine of the same name.

Australia’s $6.3 billion security industry is set for a new player, with miner East Africa Resources seeking to reinvent itself as an acquisition-hungry security company headed by corporate veteran Derek La Ferla.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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