02/11/2015 - 06:42

Morning Headlines

02/11/2015 - 06:42

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Morning Headlines

Farmers behind Qube in fight for Asciano

Qube’s raid on ports and rail group Asciano has received the blessing of influential farm lobby groups who had bristled at the prospect of Canada’s Brookfield Infrastructure Partners snaring Asciano in a $8.9 billion takeover. The Fin

Tech fund rush to hit $1b

SEEK co-founder Paul Bassat is launching a new $200 million venture capital fund backed by major investor James Packer, super funds and other wealthy individuals that will bring total such funding raised or planned this year to almost $1 billion. The Fin

Synergy faces big gas penalty

Taxpayer-owned power utility Synergy is potentially on the hook for a multimillion-dollar payout after being sued by WA’s biggest gas supplier. The West

ATO in $175m pursuit of WA moguls

Allen Caratti and his de facto Tina Bazzo are major land developers in Western Australia who have been sparring with the Australian Taxation Office for several years. But a new Federal Court judgment has cast light on just how much money is at stake. The Fin

BHP says China coal tests hurt free trade

The world’s biggest exporter of metallurgical coal, BHP Billiton, says China’s import-coal quality testing regime is a ‘‘significant impost’’ on free trade and some rivals are being forced to sell rejected cargoes at ‘‘distressed’’ prices. The Fin

South32 wants BlueScope to pay $87m

South32 believes it is owed more than $US62 million ($87 million) by BlueScope Steel over several alleged breaches of a coal contract between the two companies. The Fin

Skulls to be grown using 3D tech

A team of Western Australian researchers will help patients needing cranial reconstructions to regrow parts of their own skulls as part of a new procedure using stem cells and advanced 3D printing technology. The Aus

 

 

The Australian Financial Review

Page 1: SEEK co-founder Paul Bassat is launching a new $200 million venture capital fund backed by major investor James Packer, super funds and other wealthy individuals that will bring total such funding raised or planned this year to almost $1 billion.

Page 3: The Reserve Bank of Australia has no need to cut the cash rate when it meets on Tuesday, say economists from the Australian National University who make up the central bank’s so-called ‘‘shadow board’’.

Page 4: Federal Resources Minister Josh Frydenberg wants a ‘‘productive discussion’’ with state counterparts about a plan to give farmers veto over coal seam gas exploration.

The mid-year review of the federal budget will include the loss of at least $5 billion in abandoned spending cuts and revenue measures, as well as new spending commitments, before any revenue write-downs put further pressure on the budget deficit for 2015-16 of $35 billion.

Page 5: Allen Caratti and his de facto Tina Bazzo are major land developers in Western Australia who have been sparring with the Australian Taxation Office for several years. But a new Federal Court judgment has cast light on just how much money is at stake.

A contentious policy of imposing a blanket ban on the reappointment of directors to government boards, who had originally been appointed by Labor, is being unwound.

Page 13: The world’s biggest exporter of metallurgical coal, BHP Billiton, says China’s import-coal quality testing regime is a ‘‘significant impost’’ on free trade and some rivals are being forced to sell rejected cargoes at ‘‘distressed’’ prices.

Qube’s raid on ports and rail group Asciano has received the blessing of influential farm lobby groups who had bristled at the prospect of Canada’s Brookfield Infrastructure Partners snaring Asciano in a $8.9 billion takeover.

Page 18: South32 believes it is owed more than $US62 million ($87 million) by BlueScope Steel over several alleged breaches of a coal contract between the two companies.

 

 

The Australian

Page 1: The Disability Support Pension has reached an “unsustainable” point as the $17 billion welfare program outstrips inflation and puts a growing burden on taxpayers, triggering a new vigilance in the federal government to curb the growth.

Page 5: A team of Western Australian researchers will help patients needing cranial reconstructions to regrow parts of their own skulls as part of a new procedure using stem cells and advanced 3D printing technology.

Page 21: The infrastructure sector is gearing up for a wave of activity spurred by Malcolm Turnbull’s support for an urban rail agenda for Australia’s major cities.

At a time when Australia’s junior exploration sector is starved of cash, two mining executives believe they have found a very modern solution: crowdfunding.

Page 23: Scoot chief executive Campbell Wilson plans to make the budget carrier a conduit between Australia and fast-growing markets such as China and India as it expands its network from its home base in Singapore.

Page 29: The ABC will institute major changes to its cricket commentary this summer in a bid to redress recent complacency and sharpen its coverage against Nine and Fairfax Media.

 

 

The West Australian

Page 1: Begging in central Perth has become so rife that visitors avoid parts of the city and business owners are considering shutting their stores.

Page 3: WA’s peak asthma group has been forced to halve the amount of money it gives to respiratory diseases research after a horror financial year.

Page 4: Next year’s Federal election is looming as a referendum on Malcolm Turnbull’s determination to increase the rate — and possibly the breadth — of the GST.

Page 9: Colin Barnett has dismissed suggestions a decision to delay the second stage of the Perth Freight Link will jeopardise Federal funding.

Page 12: A corruption inquiry that uncovered cash bribes paid for car and motorcycle inspections that were never done raises concerns about unsafe vehicles on WA roads, the public sector union has warned.

Page 14: A new report has questioned universities’ practice of cross-subsidising research with income from students, warning it is compromising the quality of graduates’ education.

Business: Taxpayer-owned power utility Synergy is potentially on the hook for a multimillion-dollar payout after being sued by WA’s biggest gas supplier.

Chevron is fighting to get its Wheatstone project back on track for its first LNG cargo by the end of next year amid problems linked to the delayed delivery of modules from Malaysia.

The future of streaming service Quickflix continues to hang by a thread, with the company losing a further 8000 customers over the three months to the end of September.

While other contractors have come unstuck at Roy Hill, the Pilbara iron ore project has been good to private operator Goodline.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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