07/10/2015 - 06:50

Morning Headlines

07/10/2015 - 06:50

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Next stop China as miners welcome Pacific partners

Two of the world’s leading mining executives have applauded the Trans-Pacific Partnership, with Rio Tinto’s iron ore boss declaring it underscores the need to ratify the controversial free-trade pact with China. The Aus

Merged Programmed reveals big job cuts

Programmed has set in train its takeover of Skilled Group by unveiling a new corporate structure and cutting about 20 per cent of corporate jobs in Perth and Melbourne. The West Online

Barnett warns council at risk

Colin Barnett says if Lord Mayor Lisa Scaffidi were a minister, he would “probably look at resignation”, likening her Beijing Olympics trip to Bronwyn Bishop’s helicopter scandal because it did not pass “the pub test”. The West Online

PM backs penalty rate change

Prime Minister Malcolm Turnbull has signalled there would eventually be changes to weekend penalty rates to adapt to the development of a seven day economy but cautioned the challenge would be to ensure workers were no worse off in net terms from any change. The Fin

ACCC fields concerns over Brookfield

The Australian Competition and Consumer Commission says it is on track to reveal next week whether it has any issues with Brookfield Infrastructure’s proposed $8.9 billion takeover of Asciano. The Fin

Emirates may extend city reach

Gulf powerhouse Emirates airline could look at expanding its reach in Australia by flying to secondary cities such as Cairns and Darwin as part of a medium-term plan discussed with alliance partner Qantas. The Aus

 

 

The Australian Financial Review

Page 1: The federal government is promoting the 12-nation Trans-Pacific Partnership is just the first step towards a broader regional free-trade agreement while the US is promoting it as a crucial step in its rebalance to Asia to offset China’s rising influence in the region.

Page 3: Prime Minister Malcolm Turnbull has signalled there would eventually be changes to weekend penalty rates to adapt to the development of a seven day economy but cautioned the challenge would be to ensure workers were no worse off in net terms from any change.

Page 4: The Reserve Bank of Australia has shunned calls for more interest rate cuts, leaving the cash rate unchanged and providing almost no guidance on a potential future move.

Page 13: OZ Minerals and private equity firm KKR broke the ice for the first time on Tuesday, as the copper miner revealed it could develop the company’s next mine faster and cheaper than previously expected.

Page 15: The Australian Competition and Consumer Commission says it is on track to reveal next week whether it has any issues with Brookfield Infrastructure’s proposed $8.9 billion takeover of Asciano.

Origin Energy shares made a solid return to trading on Tuesday, after the institutional part of the company’s $2.5 billion equity raising, despite lingering concerns in some quarters about the company’s balance sheet.

Page 17: Couples should be allowed a joint superannuation account, similar to joint bank accounts and mortgages, to bolster the superannuation savings of women, says the chief executive of ANZ’s Global Wealth division, Joyce Phillips.

Page 18: Hotel operators concerned they lack bargaining power against online travel agencies are urging the competition regulator to force global giants Expedia and Priceline to abandon the practices of ‘‘price parity’’, last room availability and ‘‘brandjacking’’.

Page 19: NBN chairman Ziggy Switkowski is ‘‘simply wrong’’ to claim that most broadcast television is now irrelevant to young Australians, according to Harold Mitchell, the chairman of Free TV.

 

 

The Australian

Page 1: Farmers are predicting a $1 billion-a-year boost from the historic Trans-Pacific Partnership trade deal, which is set to usher in a wave of foreign investment, open key agriculture markets, lift services exports and boost hi-tech manufacturing.

Page 2: Malcolm Turnbull’s infrastructure tsar is considering a national water reform agenda for the next decade, amid consumer fears across Australia about water shortages.

Page 4: Universities are calling for a “game-changing” overhaul in federal investment in research, innovation and commercialisation, arguing that it would boost economic growth and transformation.

Page 7: Two of the world’s leading mining executives have applauded the Trans-Pacific Partnership, with Rio Tinto’s iron ore boss declaring it underscores the need to ratify the controversial free-trade pact with China.

Page 19: Atlassian chief Mike Cannon-Brookes has hit back at claims a mooted Wall Street IPO would deal a blow to the Australian tech sector, describing the comments as “total bullshit” and arguing any US listing would instead be a huge boon for the local industry.

Page 21: Treasury Wine Estates chief executive Michael Clarke is accelerating his cost-cutting at the world’s biggest listed winemaker, aiming to strip a further $30 million out of its supply chain, after a similar efficiency drive last year helped drag the company back into the black and boost its share price to a two-year high.

Page 22: Gulf powerhouse Emirates airline could look at expanding its reach in Australia by flying to secondary cities such as Cairns and Darwin as part of a medium-term plan discussed with alliance partner Qantas.

Page 23: Westpac has revealed it will slice more than $500 million from its balance of “capitalised software”, as banks seek to manage their rising technology investments at a time of mounting revenue headwinds.

 

 

The West Australian Online

Colin Barnett says if Lord Mayor Lisa Scaffidi were a minister, he would “probably look at resignation”, likening her Beijing Olympics trip to Bronwyn Bishop’s helicopter scandal because it did not pass “the pub test”.

Organic farmer Steve Marsh has taken his landmark legal battle against Kojonup neighbour Mike Baxter, who grows genetically modified canola, to the High Court.

Tony Walsh is returning to his old job at Atlas Iron as the miner’s company secretary and head of corporate.

Shares in Macmahon Holdings jumped after the contractor announced an on-market share buyback of up to 10 per cent of its stock.

One of Australia’s biggest vegetable growers, Nick Tana, has joined the battle for ownership of WA’s dominant wholesale produce markets.

Programmed has set in train its takeover of Skilled Group by unveiling a new corporate structure and cutting about 20 per cent of corporate jobs in Perth and Melbourne.

The collapse of Pluton Resources has taken a new twist after the surprise resignation of its voluntary administrators.

Facebook Inc said it would launch a satellite in partnership with France's Eutelsat Communications to bring Internet access to large parts of sub-Saharan Africa.

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