16/10/2015 - 07:02

Morning Headlines

16/10/2015 - 07:02

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NBN unfurls construction road map

NBN Co has unveiled the next phase of its lengthy construction road map, with the latest three — year plan highlighting the areas that will receive ultra-fast broadband services through existing cable TV networks. The Aus

iiNet work goes east

TPG has taken iiNet’s media planning and buying east. The move had been expected since the Sydney-based company bought the Perth-based internet service provider but will be hard-felt at OMD WA, which fought to keep one of WA’s most prestigious accounts local. The West

Analysts wary of Woodside Petroleum hiking Oil Search offer price

Analysts reacted warily to speculation of a higher offer for Papua New Guinea oil and gas producer Oil Search by Woodside Petroleum, arguing that any deal could take several months to consummate. The Fin

150 jobs go at Roy Hill

Engineering company RCR Tomlinson says it has let go about 150 employees who were working on the Roy Hill project’s ore processing plant. The West

Investors force IAG out of China

Incoming Insurance Australia Group chief executive Peter Harmer has abandoned plans to expand in China – even before taking over the nation’s biggest insurer – following pressure from big shareholders. The Fin

CSL launches $1b share buyback

Blood products giant CSL has tipped its bulked up influenza business to post its first profit in 2017-18 after a complex business integration and the launch of improved flu vaccines. The Fin

 

 

The Australian Financial Review

Page 1: Incoming Insurance Australia Group chief executive Peter Harmer has abandoned plans to expand in China – even before taking over the nation’s biggest insurer – following pressure from big shareholders.

Page 3: About 800 privately held Australian companies will be exempted from a law that requires the Tax Office to publish details of taxable income and tax paid by enterprises with turnover of $100 million or more.

Page 7: The national broadband network wants to start or complete internet upgrades for 9.5 million homes and businesses across Australia by the end of 2018 in a move that could force a future Labor government to complete the Coalition’s version.

Page 8: A high-profile economist suggests new doubt about the reliability of official employment statistics means there should be another cut in official interest rates

Page 13: Brookfield Infrastructure’s proposed $8.9 billion takeover of ports and rail group Asciano is in doubt after the competition watchdog said it had ‘‘red light’’ concerns on the deal and delayed a final decision until December.

Page 15: Fortescue Metals Group chief executive Nev Power says the miner can beat the world’s lowest-cost iron ore producers BHP and Rio on cash costs, the key part of a miner’s overall ‘‘break-even’’ price that it can control.

Blood products giant CSL has tipped its bulked up influenza business to post its first profit in 2017-18 after a complex business integration and the launch of improved flu vaccines.

Analysts reacted warily to speculation of a higher offer for Papua New Guinea oil and gas producer Oil Search by Woodside Petroleum, arguing that any deal could take several months to consummate.

If Gina Rinehart’s pet $10 billion Roy Hill project ships its first ore later than the end of October, it won’t be the iron ore billionaire feeling the most heat.

Page 23: Telstra's latest internet television service that will go up against the likes of Google and Apple will only be sold to the company's own customers, in a move that is likely to limit the product's adoption.

 

 

The Australian

Page 1: Labor’s compromise plan for passage of the China free-trade agreement would knock out more than one quarter of this year’s 457 visa program and price some regional areas out of the scheme.

Page 4: The trade union movement will continue its campaign against the China-Australia free-trade agreement despite Labor’s proposed amendments to supporting legislation, and the ACTU will still urge voters to email MPs demanding they “stop the China FTA by voting against it”.

Page 6: The jobless rate is holding steady at 6.2 per cent of the workforce despite slow economic growth and the winding down of the resources boom.

Page 19: A public campaign to boost the proportion of women on the boards of Australia’s largest companies to 30 per cent by 2018 is looking increasingly unattainable, with the latest appointments data suggesting it could take at least a decade.

Page 20: With its Oil Search acquisition plans looking increasingly unlikely and its Browse LNG plans under a cloud, Woodside Petroleum has turned to its existing Karratha operations for incremental growth, flagging increased capacity at its Pluto LNG plant and record performance at the North West Shelf LNG plant.

Page 22: NBN Co has unveiled the next phase of its lengthy construction road map, with the latest three — year plan highlighting the areas that will receive ultra-fast broadband services through existing cable TV networks.

Page 26: Lend Lease has cast a net for capital partners to join its retirement business as it channels efforts into building up other operations in the face of a slowing residential market.

Page 31: The Australian sharemarket has edged higher for the first session in four days, as energy and mining stocks return to favour with investors buoyed by the firming prospect for Reserve Bank easing.

 

 

The West Australian

The first stage of Perth Racing’s five-year master plan will be unveiled when racing returns to a new-look Ascot racecourse tomorrow.

Page 1: WA Corrective Services Minister Joe Francis has caused uproar in the Liberal Party after he told a meeting of party members in Tangney that his German shepherd dog Rex would be a better local member than Dennis Jensen.

Page 6: Colin Barnett’s plan to run Tasmania for a year to get its economy in shape is in trouble — the Apple Isle now has a stronger jobs market than WA.

Page 13: Joondalup mayor Troy Pickard will push to change planning laws that allowed a “butt-ugly” three-storey tower to be built on a lawn in a suburban cul-de-sac.

Page 14: A visiting American health economist is urging Australia to consider a “sin tax” to push up the price of sugary drinks by 20 per cent.

Page 22: Driving assessors fear the absence of traditional handbrakes from some modern cars is putting road users at risk when they are conducting tests.

Page 28: Malcolm Turnbull faces his first backbench revolt, with Liberal senators determined to try to change race hate laws.

Business: The number of billionaires in China has overtaken the US for the first time, an annual survey says, despite slowing growth in the world’s second-largest economy.

Engineering company RCR Tomlinson says it has let go about 150 employees who were working on the Roy Hill project’s ore processing plant.

TPG has taken iiNet’s media planning and buying east. The move had been expected since the Sydney-based company bought the Perth-based internet service provider but will be hard-felt at OMD WA, which fought to keep one of WA’s most prestigious accounts local.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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