26/08/2015 - 06:46

Morning Headlines

26/08/2015 - 06:46

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Morning Headlines

Barnett raps unions over Gorgon threat

Premier Colin Barnett has accused unions of putting the next generation of jobs at risk as the threat of industrial action looms over Australia’s biggest resource project — Chevron’s Gorgon LNG development at Barrow Island. The West

Qataris may bid for NRL pay TV rights

Qatar-based sports broadcasting giant beIN Sports may bid for the pay television rights to screen National Rugby League matches from 2018, creating a well-funded potential competitor to Fox Sports. The Fin

Scentre secures $783m sale of malls and boosts distribution

The $20 billion Scentre Group, which operates the Westfield malls in Australia and New Zealand, has sold four Australian shopping centres – three of them to global real estate giant Blackstone – for a total of $783 million. The Fin

Petrol-pump relief as oil prices continue to plunge

Motorists should expect to see greater relief at the petrol pump in the weeks ahead as weaker international oil prices start to flow into domestic petrol prices. The Aus

Canning poll on a knife edge

The Canning by-election will be close between the Liberals and Labor, according to a poll pointing to a near 12-point swing away from the Abbott Government. The West

Clay forces Hope mine rethink

Rio Tinto and Gina Rinehart have been forced to rethink the mining plan at the Hope Downs 1 iron ore project because of clay clogging up processing equipment. The West

 

 

The Australian Financial Review

Page 1: Australia must have a proper review of the entire retirement income system, including pension and superannuation taxes, and it needs a more sustainable tax base if debt and deficit are to be tackled and productivity lifted, the National Reform Summit will recommend.

Page 4: Australians are in denial about the risks facing their standards of living because of a political culture that has failed to prepare voters for a difficult future, argues former Treasury secretary Martin Parkinson.

Page 6: NBN Co is working on a secret plan to help Woolworths and other companies compete with phone companies to sell internet access.

Page 7: Qatar-based sports broadcasting giant beIN Sports may bid for the pay television rights to screen National Rugby League matches from 2018, creating a well-funded potential competitor to Fox Sports.

Page 8: The Northern Territory is sitting on a treasure trove of unconventional gas that could deliver thousands of jobs and almost $1 billion of government revenue if costs can be reduced to make development economic, a new report has found.

Page 13: Wholesaler turned retailer Pacific Brands will test consumer demand for Bonds underwear and Sheridan sheets by raising prices by up to 10 per cent this year to protect profits as the Australian dollar plunges to six-year lows.

Page 15: Oil Search is eyeing some of Santos’ assets in Papua New Guinea for potential acquisition, including its stake in the $US19 billion ($26 billion) PNG LNG project, as it looks to take advantage of its balance sheet and the low oil price environment to add high-quality assets in its home market.

Page 31: The $20 billion Scentre Group, which operates the Westfield malls in Australia and New Zealand, has sold four Australian shopping centres – three of them to global real estate giant Blackstone – for a total of $783 million.

 

 

The Australian

Page 1: Tax authorities in New Caledonia are pursuing one of Clive Palmer’s cash-strapped nickel companies for unpaid taxes — and the federal parliamentarian has been warned that recovery actions have started.

Page 3: Village Roadshow, the film distribution company of Hollywood hits such as Mad Max and The Avengers, is preparing to launch legal proceedings to block overseas websites that allow people to download illegal copies of its movies.

Page 4: Motorists should expect to see greater relief at the petrol pump in the weeks ahead as weaker international oil prices start to flow into domestic petrol prices.

Page 5: All that stands between Australia and Papua New Guinea is an understaffed, dilapidated demountable building serving as a Customs office, federal government MP Warren Entsch has warned.

Page 7: The federal government will persevere with its royal commission into union corruption even if it has to name a new leader for the inquiry as it waits for a decision by commissioner Dyson Heydon on whether he will step aside.

Page 19: Global shares rallied as China last night moved to inject confidence into its financial system through a surprise interest rate cut.

Global shares rallied as China last night moved to inject confidence into its financial system through a surprise interest rate cut.

The collective value of Australia’s 33 largest mining, oil and gas, and mining services companies — led by household names such as BHP Billiton, Rio Tinto, Woodside Petroleum, Origin Energy, Oil Search and Newcrest Mining — has plunged by almost 57 per cent since it peaked in April 2011.

Page 31: University completion rates are still dragging for indigenous, disadvantaged and regional or remote students, found researchers who spent nearly a decade tracking a university cohort.

 

 

The West Australian

Page 3: The Canning by-election will be close between the Liberals and Labor, according to a poll pointing to a near 12-point swing away from the Abbott Government.

Page 5: Premier Colin Barnett has accused unions of putting the next generation of jobs at risk as the threat of industrial action looms over Australia’s biggest resource project — Chevron’s Gorgon LNG development at Barrow Island.

Page 11: WA builders say plans to shave up to two months off the time it takes to build or renovate will make housing more affordable.

Page 14: Kojonup organic farmer Steve Marsh has reported finding a fresh growth of canola that he claims has come from the property of his neighbour Michael Baxter.

Page 18: The State Government will pay for beefed-up security at Perth’s donation bins in an attempt to catch illegal dumpers and ease the financial burden of dumping on charities.

Business: BHP Billiton chief executive Andrew Mackenzie says Nickel West still turned over cash last financial year, despite the division posting another big earnings loss.

Zijin Mining Group’s grip on its takeover target Phoenix Gold is slipping after the Kalgoorlie-based company’s biggest shareholder, Geologic Resources Partners, yesterday withdrew from a pre-bid agreement.

Rio Tinto and Gina Rinehart have been forced to rethink the mining plan at the Hope Downs 1 iron ore project because of clay clogging up processing equipment.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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