10/08/2015 - 06:46

Morning Headlines

10/08/2015 - 06:46

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Morning Headlines

 

Uber on track as one of our top employers

More than one million Australians are now using Uber — the popular ride-sharing app that is on track to become one of the country’s biggest employers, with more than 20,000 drivers by the year’s end — ahead of household names such as Macquarie Bank, Lend Lease and Flight Centre. The Aus

 

CBA to cut lending for new homes

Commonwealth Bank of Australia plans to curb loans to new housing developments, a decision that will hit first-home buyers and investors in outer suburbs. The Fin

 

AFP ramps up probes into foreign bribes

The Australian Federal Police are ramping up their investigations into Australian companies paying bribes to foreign officials, with a ‘‘good handful’’ of prosecutions in the pipeline and investigations into CIMIC, formerly known as Leighton Holdings, and BHP Billiton ongoing. The Fin

 

Stokes joins WA cattle drive

Kerry Stokes is the new owner of one of the finest cattle properties in the Kimberley, with his private holding company taking over the reins at Napier Downs Station from leading pastoralist Peter Leutenegger. The West

 

Tax rates must fall: Hockey 

Australia is suffering an “unsustainable risk” from high personal taxes that must be brought down to encourage growth and boost jobs, Joe Hockey will declare today in a move to set a reform agenda for the next election. The Fin

 

Watkins to defend Coke from price wars

Coca-Cola Amatil boss Alison Watkins is determined not to allow her most prized brand, Coca-Cola, be dragged into the supermarket wars and will defend the drink’s high price premium to archrival Pepsi as well as a range of other beverage products. The Aus

 

The Australian Financial Review

 

Page 1: Commonwealth Bank of Australia plans to curb loans to new housing developments, a decision that will hit first-home buyers and investors in outer suburbs.

 

Page 3: The Australian Federal Police are ramping up their investigations into Australian companies paying bribes to foreign officials, with a ‘‘good handful’’ of prosecutions in the pipeline and investigations into CIMIC, formerly known as Leighton Holdings, and BHP Billiton ongoing.

 

Page 4: Federal cabinet is on Monday expected to endorse a target for reducing Australian carbon emissions of between 15 and 25 per cent by 2030 ahead of international climate change talks in Paris, as both sides of politics turn up the heat in the climate debate.

 

Page 13: Former Woolworths chairman John Dahlsen wants the company to postpone hiring a new chief executive and appoint former chief executive Roger Corbett as transitional executive chairman.

 

Page 15: The Chinese government’s top steel-industry forecaster has disputed Rio Tinto’s bullish claim China will hit 1 billion tonnes of crude steel production by 2030, arguing slowing demand from infrastructure will pare the rate of growth.

 

Page 29: Commercial free-to-air networks Seven, Nine and Ten should pay for a potential $153 million licence fee cut by handing back unused spectrum or by diverting the savings to local production rather than ‘‘fuelling a sports rights arms race’’, rival lobby groups have told the Abbott government.

 

Page 30: Seven West Media will seek to leverage its all-encompassing broadcast rights to the 2016 Rio de Janeiro Olympic Games, which will include more than 900 hours of linear air time and multiple thousands of hours of streaming, to attract viewers and advertisers to the network.

 

 

 

 

 

The Australian

 

Page 1: Australia is suffering an “unsustainable risk” from high personal taxes that must be brought down to encourage growth and boost jobs, Joe Hockey will declare today in a move to set a reform agenda for the next election.

 

Page 2: Trade unions should be opened up to greater competition to keep officials “on their toes” and to better serve the interests of Australian workers, a new report argues.

 

Page 3: More than one million Australians are now using Uber — the popular ride-sharing app that is on track to become one of the country’s biggest employers, with more than 20,000 drivers by the year’s end — ahead of household names such as Macquarie Bank, Lend Lease and Flight Centre.

 

Page 7: The federal government is seeking a new deal on higher education in a clear sign it will amend its own reform bill to overcome a deadlock in the Senate rather than try to use the issue as the trigger for a double-dissolution election.

 

Tony Abbott has vowed to stay out of the Liberal Party ballot for one of federal parliament’s most prestigious positions as federal Liberal MPs guard their right to choose a new Speaker of the House of Representatives without intervention by their leader.      

 

Page 17: ANZ is speeding up the sale of its near-$1 billion stake in Indonesia’s Panin Bank as it tries to exit legacy equity holdings in Asian banks and avoid further dilutive equity raisings.

 

BHP Billiton’s laser-like cost-cutting and productivity drive under chief executive Andrew Mackenzie has moved into overdrive at the group’s Olympic Dam copper-uranium-gold mine in South Australia, with another 380 jobs to be axed.

 

Page 19: Coca-Cola Amatil boss Alison Watkins is determined not to allow her most prized brand, Coca-Cola, be dragged into the supermarket wars and will defend the drink’s high price premium to archrival Pepsi as well as a range of other beverage products.

 

Page 21: Global fund manager TH Real Estate could spend up to $1 billion on Australian property in the next 18 months and is eyeing retail assets to add to its portfolio under a newly ramped-up investment remit.

 

 

 

 

 

The West Australian

 

Page 3: One in three Year 10 students was unable to meet the minimum numeracy standard to graduate from high school after the first round of compulsory tests, preliminary results show.

 

Page 6: A decorated serving soldier has emerged as frontrunner for the Liberal Party in the Federal seat of Canning amid concerns that a push to parachute Don Randall’s daughter into the seat could backfire.

 

Unionists have launched an advertising campaign in an attempt to convince the Barnett Government to invest more money in TAFE.

 

Page 7: Kerry Stokes is the new owner of one of the finest cattle properties in the Kimberley, with his private holding company taking over the reins at Napier Downs Station from leading pastoralist Peter Leutenegger.

 

Page 11: The Department of Immigration and Border Protection is refusing to say how much it is spending on charter planes to transfer asylum seekers between detention centres.

 

Page 14: An inner-city trial of a hybrid bus fuelled by diesel and electricity has failed, so the State Government will replace Perth’s CAT fleet with diesel buses.

 

Page 16: The brakes are being put on a high density development on prime land at Burswood near the new stadium because of concerns about the effect on traffic.

 

Business: Crown Perth is tipped to be lagging its Melbourne casino stablemate when James Packer’s Crown Resorts reports annual results this week.

 

Federal financial watchdogs are embarking on a joint crackdown on self-managed superannuation fund auditors amid fears that some accountants are failing to meet basic standards of diligence and independence.

 

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