Oil Search to reject Woodside offer
Oil Search is set to formally reject Woodside’s $11.6 billion takeover offer today after compromise talks between the companies in Sydney on Sunday were cancelled. The Fin
Bell Group liquidators challenge $1.7b move
Bell Group liquidators have launched a series of legal challenges and tests for the State Government’s ambitious plan to seize control of $1.7 billion in litigation proceeds. The West
Voters split over benefits of Chinese FTA, 13pc undecided
Canning voters are split over the benefits of the China-Australia Free Trade Agreement, with a new poll showing neither majority support nor opposition towards the deal. The Fin
LNG projects post $US30b cost overruns
Project cost overruns hit $30b Cost overruns across Australia’s liquefied natural gas construction sector have topped $US30 billion ($42 billion) after Inpex Corporation advised of a major cost increase and delay at its Ichthys venture in northern Australia. The Fin
Teenagers ‘groomed online’ to gamble
Australia’s largest problem gambling counselling service has recorded a dramatic increase in the number of cases related to online sports betting and says early intervention is needed to stop teens being groomed to gamble through simulated poker machines and online games.
The Australian Financial Review
Page 1: One of Australia’s top budget experts says the federal government could produce a tax reform package that lifts the GST to 15 per cent, fully compensates the lowest income earners and cuts the company tax rate to 25 per cent to stimulate the economy while leaving tens of billions of dollars over for income tax cuts, state tax reform or to finance more health spending.
Page 5: Canning voters are split over the benefits of the China-Australia Free Trade Agreement, with a new poll showing neither majority support nor opposition towards the deal.
Rio Tinto chief executive Sam Walsh says now is not the time to attempt to renegotiate the China Free Trade agreement, instead Australia should be trying to build on it.
Page 15: Boral chief executive Mike Kane is betting big on the US despite global market nervousness this week about interest rate rises.
Oil Search is set to formally reject Woodside’s $11.6 billion takeover offer today after compromise talks between the companies in Sydney on Sunday were cancelled.
Page 17: Project cost overruns hit $30b Cost overruns across Australia’s liquefied natural gas construction sector have topped $US30 billion ($42 billion) after Inpex Corporation advised of a major cost increase and delay at its Ichthys venture in northern Australia.
The Australian
Page 1: Tony Abbott is being urged to stare down his enemies in a looming leadership battle as MPs shift their support towards Malcolm Turnbull and prepare the ground for a spill motion within weeks to decide the Prime Minister’s fate.
Page 2: Despite the prospect of budget deficits for a decade and a top-heavy public sector, Australian federal and state government spending on consultants, highly paid corporate problem solvers, topped $US740 million last year, growing twice as fast as inflation.
Page 3: Australia’s largest problem gambling counselling service has recorded a dramatic increase in the number of cases related to online sports betting and says early intervention is needed to stop teens being groomed to gamble through simulated poker machines and online games.
Page 4: A week out from the closely contested Canning by-election, Western Australian unions have renewed their efforts at doorknocking and held a public rally in a last-ditch bid to get Labor candidate Matt Keogh over the line with voters.
Page 6: ACCC chief Rod Sims has put himself at the centre of a political controversy over the Port of Melbourne privatisation with the regulator tabling a highly critical submission that the Victorian government believes is provocative and misleading.
Page 17: Investors are facing another stressful week of market volatility as the outcome of the most talked about economic event for years draws near.
Page 21: Banks based in the Asia-Pacific are tipped to win an increasing share of the action in the fast growing region, muscling out European rivals that previously dominated cross-border flows.
Page 23: Nationals Leader and Deputy Prime Minister Warren Truss has come out against media reform, accusing regional networks of maligning opponents and claiming the moral high-ground by threatening to cut news services unless the laws are changed.
The West Australian
Page 3: The latest Commodore will be the last one built in Australia, but Holden says the iconic name will live on.
Super Mario, one of the best known characters in video game history, has celebrated his 30th anniversary.
Page 4: Low-income earners are the biggest losers from bracket creep and not middle Australia, one of Australia’s top economists says.
Page 6: Parents with children, politicians, environmentalists and residents in dust masks joined yesterday to put faces to the campaign against the Perth Freight Link.
Page 9: The owner of the Mr Whippy ice-cream brand says he will crack down on imitators, including vans playing Greensleeves, as part of a plan to relaunch the business in WA and nationally.
Business: Bell Group liquidators have launched a series of legal challenges and tests for the State Government’s ambitious plan to seize control of $1.7 billion in litigation proceeds.