New shop hours
Big retail stores, including Coles and Woolworths supermarkets and hardware store Masters, would be able to open from 7am from Monday to Saturday under changes to trading laws to be put to the State Liberal party room today. The West
Labor wins free trade concessions
The federal government is leaning towards doing a deal with Labor on the China-Australia Free Trade Agreement but argues that such a decision would be a pragmatic one designed to get the deal in place, and not a concession to the opposition. The Fin
Local suitors line up for Cobar
Sandfire Resources and OZ Minerals are expected to head a list of local suitors to cast their eyes over the Cobar copper mine after its owner Glencore’s surprise decision yesterday to offload the non-core operation in central NSW. The West
Wider look at councillor perks
Lisa Scaffidi could still face penalties for failures under the Local Government Act after a State Government review that may be expanded to the entire Perth City Council. The West
Turnbull puts case for lower penalty rates
Prime Minister Malcolm Turnbull accused the Labor opposition of trying to ‘‘scare people into poverty’’ as he advanced the case for lower penalty rates but promised any change would be taken to the next election. The Fin
Woolworths, Lowe’s tip $105m in as deadline looms
Woolworths and its US home improvement partner Lowe’s have tipped another $105 million into their lossmaking joint venture only weeks before Lowe’s is eligible to exercise its right to sell its 33 per cent stake. The Fin
The Australian Financial Review
Page 1: The federal government is leaning towards doing a deal with Labor on the China-Australia Free Trade Agreement but argues that such a decision would be a pragmatic one designed to get the deal in place, and not a concession to the opposition.
Page 3: ACCC chairman Rod Simms said the booking app ihail, which is owned by taxi companies, could allow taxi networks that control 80 per cent of cab bookings and payments to join forces.
Page 5: Prime Minister Malcolm Turnbull accused the Labor opposition of trying to ‘‘scare people into poverty’’ as he advanced the case for lower penalty rates but promised any change would be taken to the next election.
Page 8: Graduates from many little-known, regional universities have a better chance of getting a job than those from top institutions in big cities, shows new data from the federal government that compares job outcomes of universities for the first time.
Page 15: Woolworths and its US home improvement partner Lowe’s have tipped another $105 million into their lossmaking joint venture only weeks before Lowe’s is eligible to exercise its right to sell its 33 per cent stake.
Fortescue Metals Group founder and chairman Andrew Forrest’s paper wealth has increased by more than $750 million in the past fortnight, after the miner’s shares surged 43 per cent.
Page 19: X2 Resources, the private equity company founded by former Xstrata chief Mick Davis, has emerged as the last remaining bidder for control of two Rio Tinto Group coal mines in Australia, people with knowledge of the matter said.
The Australian
Page 3: Family law amendments designed to restore a focus on child protection after John Howard’s sweeping reforms in 2006 have had little impact and 31 per cent of parents are still never asked about violence while in the system.
Page 4: Malcolm Turnbull has turned Labor’s penalty rate campaign back on Bill Shorten by using question time to accuse unions of being the chief proponents of penalty rate reductions.
Page 5: The AWB, under chairman Trevor Flugge, wilfully turned a blind eye to more than $US230 million in sham payments made to Saddam Hussein’s regime, a court has heard, more than a decade after one of the nation’s biggest corporate scandals came to light.
Page 6: Up and down the road through the east Kimberley, from Kununurra to Halls Creek, there are dissenting views about whether a cashless debit card could be the salvation of Aboriginal communities suffering grog addiction, family violence and one of the highest rates of suicide in the world.
Page 20: GrainCorp will meet increased competition for grain along its eastern seaboard network with shorter payment terms as the harvest gets under way in the shadow of worsening growing conditions.
Mining contracting firm Macmahon Holdings has poached Jose Martins from rival Ausdrill, announcing that he will become the company’s chief financial officer.
Page 22: Shopping centre giant Westfield Corporation will probably list in the US by late next year according to analysts at investment bank UBS, but fund managers do not expect an immediate impact on their portfolios.
Page 23: The federal government’s proposed “user pays” plan for financing regulator ASIC risks loading much of the cost burden unfairly on to bigger companies that actually involve less oversight than some smaller ones, according to the new chief executive of the Governance Institute of Australia.
Page 29: Australian peer-to-peer and business-to-consumer storage space marketplace Spacer, led by ex-Deals Direct chief executive Michael Rosenbaum, has closed a $1 million funding round in preparation for its official launch today.
The West Australian
Page 1: Big retail stores, including Coles and Woolworths supermarkets and hardware store Masters, would be able to open from 7am from Monday to Saturday under changes to trading laws to be put to the State Liberal party room today.
Page 4: Invoices issued by the Australian Workers Union when Bill Shorten was its head appeared “deliberately falsified”, a top company official has told the royal commission into union corruption.
Page 9: More than half of Australians renting when they retire find themselves in poverty, according to a Curtin University report that warns of strong links between renting and financial hardship.
Page 11: Lisa Scaffidi could still face penalties for failures under the Local Government Act after a State Government review that may be expanded to the entire Perth City Council.
Business: Sandfire Resources and OZ Minerals are expected to head a list of local suitors to cast their eyes over the Cobar copper mine after its owner Glencore’s surprise decision yesterday to offload the non-core operation in central NSW.
Just a year out from market expectations of first gas, Royal Dutch Shell is giving nothing away about the pace of progress at its revolutionary Prelude floating LNG operation.
Bernie Brookes’ remuneration package swelled to $4.25 million in his final year as the boss of Myer, despite a hefty slide in profits at the department store.