19/11/2015 - 07:07

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19/11/2015 - 07:07

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WA fires up $3b tech tender

The State Government will today launch the pitch for what could be Australia’s biggest information, communication and technology contract when it kicks off the GovNext tender process, estimated to be worth up to $3 billion. The West

Chevron says Gorgon’s $1.7b profit not taxable

Chevron Corporation’s global tax counsel Sandy Macfarlane has dismissed reports that a Delaware subsidiary paid $248 tax on an estimated $1.7 billion profit from Australian interest payments, telling the Senate tax inquiry that under US law none of the amount was taxable. The Fin

Future in the balance for Habtoor Leighton Group

The future of CIMIC’s jointly owned Habtoor Leighton Group hangs in the balance following the Al Habtoor family’s decision to sell out of their near one-third stake in the building and infrastructure business. The Aus

Coles rolls out home brands revamp

Coles is undertaking the biggest overhaul of its private label groceries since the chain was bought by Wesfarmers in 2007, rolling out a radical consolidation of home brands to open a new front in the supermarket wars that is also aimed at fending off aggressive German discounter Aldi. The Aus

Investor challenges BHP: cut dividend

Shareholders attending BHP Billiton’s annual meeting in Perth on Thursday are likely to question the board relentlessly about the Brazilian dam disaster and the implication for growth of the planned reduction in capital expenditure. The Fin

No success without risks: Qantas chief

Qantas chief executive Alan Joyce says Australians need to be more willing to celebrate success and encourage risk-taking by business and has blamed elements of the investment community and the media for too readily punishing failure. The Aus

 

 

The Australian Financial Review

Page 1: The cratering iron ore price – partly blamed on a looming US Federal Reserve rate hike next month – has reignited fears that a fresh downward shift in the terms of trade will again wipe billions of dollars from the budget bottom line.

The joint bidder for the huge Kidman cattle estate, Joel Chang, says he has a $1 billion war chest to fund his Australian agribusiness ambitions and wants to build a ‘‘small Cargill’’.

Page 3: The deadliest bushfires recorded in Western Australia have claimed at least four lives and burnt through more than 200,000 hectares of prime agricultural country.

Page 6: Chevron Corporation’s global tax counsel Sandy Macfarlane has dismissed reports that a Delaware subsidiary paid $248 tax on an estimated $1.7 billion profit from Australian interest payments, telling the Senate tax inquiry that under US law none of the amount was taxable.

Uber’s director of public policy for Australia and New Zealand, Brad Kitschke, who fronted hearings in Sydney on Wednesday, said given it was a privately listed technology company, it did not provide detailed financial accounts for its Australian or global operations.

Page 8: Strong returns in October have placed Australian superannuation funds back on track for a fourth consecutive year of positive returns in 2015, but the super-charged returns of recent years are a thing of the past.

Page 9: Employees at BlueScope Steel’s Port Kembla steelworks have voted in support of a new workplace agreement, meaning the plant will stay open.

Page 18: Lyft, the ride-hailing start-up, is seeking to raise new capital, sources said, as Uber, its larger rival, also ramps up conversations with investors about another private fund-raising.

Page 21: There will be no quick turnaround in performance at Kerry StokesSeven Group after the conglomerate noted continued pressure from the mining downturn to slash costs at its Westrac unit and reaffirmed its aim to pursue oil and gas deals.

Page 24: Shareholders attending BHP Billiton’s annual meeting in Perth on Thursday are likely to question the board relentlessly about the Brazilian dam disaster and the implication for growth of the planned reduction in capital expenditure.

Page 25: Fortescue chief executive Nev Power has told staff at the miner that Chinese demand is beginning to improve and hinted that the company is unlikely to sell assets in the near future.

 

 

The Australian

Page 1: A mammoth trade deal among a dozen countries across the Asia-Pacific region faces growing political threats that could torpedo the changes, triggering calls on the US congress to back the agreement.

Page 4: Half of the units built by universities under the Rudd government’s flagship social housing scheme were let to foreign students to the detriment of the low-income workers the scheme was supposed to help, a damning audit has revealed.

Page 5: Rugby league clubs have expressed mounting frustration and disbelief that the Rugby League Commission has not cut a pay-TV deal with Fox Sports in a closed-door meeting at League Central.

Page 19: Qantas chief executive Alan Joyce says Australians need to be more willing to celebrate success and encourage risk-taking by business and has blamed elements of the investment community and the media for too readily punishing failure.

Coles is undertaking the biggest overhaul of its private label groceries since the chain was bought by Wesfarmers in 2007, rolling out a radical consolidation of home brands to open a new front in the supermarket wars that is also aimed at fending off aggressive German discounter Aldi.

Page 20: Virgin Australia is seeing small signs of optimism and improved confidence among domestic consumers, which chief executive John Borghetti believes may auger well for the economy.

Page 21: Department store chain David Jones has recorded its strongest sales growth in more than 15 years, further distancing itself from an otherwise gloomy retail sector and placing further pressure on rival Myer as it pushes through an extensive restructure to lift its own flat-lining sales trajectory.

Page 22: New Network Ten chief executive Paul Anderson says the network is open to doing more co-productions with Foxtel but will remain focused on “running its own race’’ and is confident of further improving its ratings performance next year.

Page 26: The future of CIMIC’s jointly owned Habtoor Leighton Group hangs in the balance following the Al Habtoor family’s decision to sell out of their near one-third stake in the building and infrastructure business.

 

 

The West Australian

Page 17: The Turnbull Government believes Vladimir Putin may be open to Syrian dictator Bashar al-Assad being removed in a political transition but the White House is not so sure.

Page 20: A $3 million revamp of Bassendean Oval will be paid for by the redevelopment of about 11ha of nearby land under a State Government plan to revitalise the area.

Page 22: A National Health Performance Authority report on GP visits and costs shows wide variations in bulk-billing rates across Perth.

Page 24: Hundreds more elective operations could be done in WA public hospitals if theatre time was better managed by bureaucrats, the Office of the Auditor-General has found.

Business: The State Government will today launch the pitch for what could be Australia’s biggest information, communication and technology contract when it kicks off the GovNext tender process, estimated to be worth up to $3 billion.

Sadleirs Logistics has won a contract with supermarket chain Aldi for inbound freight transport services in WA.

Azure Minerals has placed its shares in a halt at 3.9¢ while it carries out a $5 million raising.

Cash Converters is fighting back with an escalated counter campaign aimed at dispelling the “myths” it says are undermining the payday lending sector.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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