07/09/2015 - 06:33

Morning Headlines

07/09/2015 - 06:33

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Morning Headlines

$200b LNG plants not profitable

The six Australian liquefied natural gas projects under construction at a cost of $200 billion will struggle to break even because of the oil price slump, the International Energy Agency said, and there is little prospect of three in the planning stage going ahead. The Fin

CBH in $1b grain blitz

CBH plans to spend $1 billion over the next five years to reshape its vast but ageing grain receival, storage and handling network in WA. The West

BHP inches ahead of Rio in price

BHP Billiton has overtaken arch rival Rio Tinto to become the world’s lowest-cost exporter of iron ore to China, less than a year after iron ore president Jimmy Wilson threw down a challenge to claim Rio’s coveted mantle over the ‘‘medium term’’. The Fin

Alcoa mulls Wagerup expansion strategy

Aluminium giant Alcoa is considering whether to keep alive a long-held plan for a multi-billion dollar expansion of its Wagerup alumina refinery. The West

Taxpayer subsidises pro sport injuries

Medicare was refusing to process hundreds of claims from professional sportspeople, recommending they be treated like any other employee, until the Abbott government intervened to allow major sports to flout the law for four more years. The Aus

Payday bonanza as iiNet execs walk away

Internet provider iiNet’s top three executives are set to reap a combined $25 million worth of bonuses as the company’s sale to TPG Telecom is finalised and buyout cheques are mailed to shareholders. The Aus

 

 

The Australian Financial Review

Page 1: The six Australian liquefied natural gas projects under construction at a cost of $200 billion will struggle to break even because of the oil price slump, the International Energy Agency said, and there is little prospect of three in the planning stage going ahead.

In a smart move by 7-Eleven, the company has picked one of its fiercest critics, former competition regulator Allan Fels, to head an independent panel that will consider claims from employees who say they were underpaid.

Page 3: goCatch, a taxi-booking app funded by Malcolm Turnbull’s son Alex Turnbull, SEEK co-founder Paul Bassat and fund manager David Paradice, cut a deal to provide payment services for taxis hailed from the street and taxi ranks.

Page 4: Senior government ministers have reassured China that there will be no changes to the free trade agreement and rejected a legislative fix put forward by Labor.

Page 6: A $4 billion government scheme to top up the superannuation accounts of low-income young people with an extra $5000 a year could boost recipients’ retirement savings by up to 250 per cent and shave $1.7 billion from the annual age pension bill.

Page 8: Expatriate workers in Australia could see their salary halve if the Aussie dollar enters the US50¢ range as tipped.

Page 15: ANZ Bank treasurer Rick Moscati has played down claims global rules will inevitably force banks to further boost their capital buffers significantly over the coming years, saying some analyst predictions around capital are ‘‘totally spurious’’.

Page 17: BHP Billiton has overtaken arch rival Rio Tinto to become the world’s lowest-cost exporter of iron ore to China, less than a year after iron ore president Jimmy Wilson threw down a challenge to claim Rio’s coveted mantle over the ‘‘medium term’’.

Page 20: Flight Centre Travel Group is hoping a new round of attractive sales offers from airlines can help sustain improved demand for overseas trips by Australians.

 

 

The Australian

Page 1: Tony Abbott marks his second anniversary as Prime Minister today with his standing with voters and support for his government lower on every measure than when he was elected.

Page 3: Medicare was refusing to process hundreds of claims from professional sportspeople, recommending they be treated like any other employee, until the Abbott government intervened to allow major sports to flout the law for four more years.

Page 4: Joe Hockey has blasted multinational corporate tax avoidance in private meetings with other G20 finance ministers in Ankara and revealed the government will introduce legislation to combat the problem in the next fortnight.

Page 17: Internet provider iiNet’s top three executives are set to reap a combined $25 million worth of bonuses as the company’s sale to TPG Telecom is finalised and buyout cheques are mailed to shareholders.

Page 21: Accor Hotels has its sights set on beating Trivago and Expedia at their own game with a $300 million digital strategy to claw back millions lost in revenue each year to online travel agencies.

Page 23: Foxtel’s proposed purchase of a $77 million stake in Ten Network has arrived at its long-awaited D-Day moment with competition tsar Rod Sims set to make a public statement this week.

China’s richest person is spending hundreds of millions of dollars on a luxury makeover of Australian cinemas to cash in on a string of blockbuster films due over the next year, including the latest in the James Bond and Star Wars franchises.

 

 

The West Australian

Page 3: Australia will take more Syrian refugees in response to the escalating humanitarian crisis fuelled by Middle East bloodshed and persecution.

Page 12: Crime and the scourge of ice have been under the spotlight during the Canning by-election campaign and Noel Chamberlain and wife Kelly, who have lived in the town 45km south-east of Perth for 12 years, are pleased the issues are on the agenda.

Page 14: A David and Goliath battle is under way at Trigg beach as the owner of the last historic house hidden in the sand dunes threatens the State Government with legal action — to stop her home sliding into the government-owned property next door.

Business: CBH plans to spend $1 billion over the next five years to reshape its vast but ageing grain receival, storage and handling network in WA.

Aluminium giant Alcoa is considering whether to keep alive a long-held plan for a multi-billion dollar expansion of its Wagerup alumina refinery.

The Miller family’s Multi Direct telemarketing business had five call centres across two States and just completed an eight month recruitment campaign that netted 90 workers.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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