05/10/2015 - 06:40

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05/10/2015 - 06:40

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We can’t pay more for Oil Search, says Woodside CEO

Woodside Petroleum chief executive Peter Coleman said increasing the company’s $11.6 billion all-scrip takeover offer for Oil Search would hurt his own shareholders, a position that may make it more difficult to cut a deal with a board that said his offer ‘‘grossly undervalues’’ one of the region’s most efficient gas producer. The Fin

German company backs WA for subs

A German company says WA could play a central role in building Australia’s next generation submarine if it wins the multibillion-dollar contract to replace the ageing Collins Class fleet. The West

Ports and water are WA’s cash cows

WA ports have emerged as the second-biggest contributor to the $1.2 billion the State Government took in dividends from its trading entities, tipping in $264.2 million to Treasury coffers last financial year. The West

Uber cases to test work laws

The $US40 billion ($57 billion) San Francisco-based company is facing legal action in the United States, Britain and Australia and a backlash by the taxi industry, which contends Uber drivers should be subjected to the same fees and regulations. The Fin

No nickel recovery in near future

Increasingly desperate nickel producers could have some time to wait for the commodity’s long-promised price recovery, Glencore’s global nickel boss Peter Johnston says. The West

 

 

The Australian Financial Review

Page 1: Australia’s refusal to cede to a US push for stronger intellectual property protection for drug makers was threatening a historic Pacific Rim trade deal covering 40 per cent of the global economy.

Woodside Petroleum chief executive Peter Coleman said increasing the company’s $11.6 billion all-scrip takeover offer for Oil Search would hurt his own shareholders, a position that may make it more difficult to cut a deal with a board that said his offer ‘‘grossly undervalues’’ one of the region’s most efficient gas producers.

The Turnbull government is considering abolishing capital gains tax on start-ups to encourage entrepreneurs without risking direct government investment in the notoriously fickle tech industry.

Page 5: Economists aren’t expecting any change to interest rates on Tuesday but an increasing number believe the Reserve Bank of Australia will cut before the end of the year.

Page 7:   A panel of the nation’s most eminent economists narrowly favours broadening the base of the GST to raise more revenue rather than raising the rate.

Page 9: The $US40 billion ($57 billion) San Francisco-based company is facing legal action in the United States, Britain and Australia and a backlash by the taxi industry, which contends Uber drivers should be subjected to the same fees and regulations.

Page 15: BHP Billiton could walk away yet from the hybrid fundraising it has been spruiking to global investors over the past two weeks, in the wake of weak credit markets and last week’s extraordinary market volatility.

 

 

The Australian

Page 2: Resources and Energy Minister Josh Frydenberg has talked up the nation’s commitment to renewable technologies at the G20 energy ministers meeting, but says the policy drive is not mutually exclusive to continuing major energy exports.

Page 18: Growth is back on the agenda for Newcrest, the biggest ASX-listed gold producer, with the initial focus being on early-stage exploration and internal development projects rather merger and acquisition activity.

Uber rival GoCatch has inked a deal with Qantas’s frequent flyer scheme as the taxi hailing app considers expansion following the legalisation of ride-sharing in the ACT.

Page 23: News Corp has not held formal talks with the National Rugby League’s top brass about a new broadcasting rights deal, eight weeks after discussions were abandoned by the media company in the wake of a deal with Nine.

 

 

The West Australian

Page 1: A German company says WA could play a central role in building Australia’s next generation submarine if it wins the multibillion-dollar contract to replace the ageing Collins Class fleet.

Page 6: Corporate cost-cutting has taken its toll, with up to half of staff in some workplaces reporting acute job-related stress or anxiety, a leading mental health expert says.

Page 7: A private company wants to drill holes into an area above the Gnangara Mound — one of Perth’s most important drinking water resources.

Page 8: Australia and the US were locked in tense weekend talks on prescription drug prices as the hours ticked down on a massive multinational trade deal.

Page 12: A study to be released today that shows codeine-related deaths more than doubled between 2000 and 2009 comes days after Australia’s medicines regulator called for over-the-counter sales of the pain reliever to stop.

Business: Increasingly desperate nickel producers could have some time to wait for the commodity’s long-promised price recovery, Glencore’s global nickel boss Peter Johnston says.

WA ports have emerged as the second-biggest contributor to the $1.2 billion the State Government took in dividends from its trading entities, tipping in $264.2 million to Treasury coffers last financial year.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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