17/11/2015 - 06:39

Morning Headlines

17/11/2015 - 06:39

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Voters back GST rise as long as they get compensation

A majority of voters supports increasing the rate of GST if it includes compensation for lower and middle income earners, providing a solid policy reform foundation for the Turnbull government, which has surged to its biggest lead yet over Labor. The Fin

Telcos warned: Spend big on TV streaming

NBN chairman Ziggy Switkowski and other experts have warned that internet providers wanting to stream popular content such as live sports over the web must ramp up their investments and co-operation to avoid failed services and furious viewers. The Fin

Elders looks to cash in on Chinese investors

Elders boss Mark Allison has taken a swipe at “sharp talkers” acting as corporate advisers to the raft of overseas and local interests looking to invest in Australian agriculture. The West

Tabcorp, Tatts: all merger bets off

A long-awaited merger between gaming giant Tabcorp and Tatts Group has been put on ice after the companies failed to agree on the price to create a $9 billion-plus gaming and lotteries giant. The Aus

New turn in fight for Aspen

Discovery Parks has cast doubt on Aspen Group’s financial forecasts, further escalating the bitter $139 million takeover battle for the namesake Aspen accommodation parks business. The West

 

 

The Australian Financial Review

Page 1: G20 leaders have heaped pressure on Russia’s President Vladimir Putin to fall into line and help end the Syrian conflict as France launched the first major air strike against Islamic State since the Paris attacks on Friday.

A majority of voters supports increasing the rate of GST if it includes compensation for lower and middle income earners, providing a solid policy reform foundation for the Turnbull government, which has surged to its biggest lead yet over Labor.

Page 3: The budget will fall short by about $5 billion every year if ‘‘new normal’’ economic growth, at a slower 3 per cent, becomes entrenched, delaying the return to sustained surpluses indefinitely.

Page 6: Global dairy prices are still languishing at two-year lows despite soaring demand in China for infant formula leading to the product being sold out across Australian supermarkets.

Page 11: The world’s largest frequent flyer program, American AirlinesAAdvantage, wants to form closer links with Qantas Airways’ frequent flyer scheme, which could lead to mutual upgrades on both airlines – a benefit not allowed under the Qantas-Emirates alliance, to the annoyance of many Qantas frequent fliers.

Page 17: Former Best & Less chief executive Holly Kramer may join Woolworths as a non-executive director, bringing much-needed retail and consumer expertise to the board.

Page 19: One of BHP Billiton’s biggest shareholders says its annual commitment not to let its $US6.6 billion ($9.2 billion) dividend fall is an ‘‘aspiration’’ that should not be prioritised over the health of the balance sheet.

Page 20: Arrium’s troubled Whyalla steelworks will shed up to 250 jobs, as part of a $100 million cost-cutting drive in the midst of a global steel glut.

Qube will start delving into Asciano’s financial statements with the aim of making a formal $9 billion takeover bid in December after the ports and rail group said it could go ahead and do due diligence.

Page 25: NBN chairman Ziggy Switkowski and other experts have warned that internet providers wanting to stream popular content such as live sports over the web must ramp up their investments and co-operation to avoid failed services and furious viewers.

 

 

The Australian

Page 1: Australia’s biggest police forces have begun training to deal with “active shooter” situations such as the Bataclan concert hall massacre, where junior officers on the scene may be forced to make quick decisions to use lethal force.

Page 2: Malcolm Turnbull has told Chinese President Xi Jinping the historic free-trade deal between the two countries would be implemented quickly as the leaders held talks to expand $160 billion in two-way trade.

Page 3: Half of the nation’s school students still cannot use a computer properly despite $2 billion of taxpayer funding being spent buying laptops for classrooms, national testing reveals.

Page 19: A long-awaited merger between gaming giant Tabcorp and Tatts Group has been put on ice after the companies failed to agree on the price to create a $9 billion-plus gaming and lotteries giant.

Page 20: Chevron will appear before a Senate inquiry into tax avoidance armed with figures it claims will prove it will be the largest single investor in the Australian economy in the coming years, as the company reels from a Federal Court decision that could see it hit with a $300 million tax bill.

Page 22: The Star Entertainment Group and its Chinese joint venture partners have agreed to deliver in excess of $1 billion to the Queensland government and fund several hundred million dollars-worth of infrastructure projects to build the $3bn Queen’s Wharf project.

 

 

The West Australian

Page 3: A biotechnology company spun off from Perth’s Telethon Kids Institute has found two potent drug cocktails which kill a protein linked to many cancers.

Page 13: A Syrian family bound for Perth who will be the first resettled as part of a one-off Australian intake of 12,000 refugees were fast tracked because the mother is heavily pregnant.

Page 20: All working-age people on income support in Kununurra and Wyndham will have 80 per cent of their welfare paid into a debit card that cannot be used at liquor stores or for gambling in a year-long trial.

Page 22: A suburban pub servicing WA’s fast-growing north-west corridor and a Northbridge microbrewery have been named the State’s best new places to eat and drink.

Business: A global technology powerhouse has urged young Western Australians to consider careers in engineering as it grapples with a shortfall in graduates.

Discovery Parks has cast doubt on Aspen Group’s financial forecasts, further escalating the bitter $139 million takeover battle for the namesake Aspen accommodation parks business.

Norwood Systems, which is focused on calling technology in the international roaming area, went into a trading halt yesterday and is looking to raise $5.2 million through an institutional placement.

Elders boss Mark Allison has taken a swipe at “sharp talkers” acting as corporate advisers to the raft of overseas and local interests looking to invest in Australian agriculture.

Rio Tinto will tonight kick off celebrations of half a century of Pilbara iron ore exports.

Craig Gemmill and John Wilson have struck a deal to sell Gemmill Homes Group to listed Melbourne builder Simonds Group for $6 million.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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