20/11/2015 - 06:53

Morning Headlines

20/11/2015 - 06:53

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Weak iron price to persist for two years

Mineral Resources managing director Chris Ellison says there is no doubt weak iron ore prices of about $US50 a tonne will be sustained for the next two years. The Fin

Inflight internet fast approaches

Australian airline passengers can expect inflight internet in the near future as new satellite systems provide greatly improved data streaming at reduced costs, predicts a senior executive with satellite company Inmarsat. The Aus

Perron wins top business leader award

Stan Perron was named WA’s Business Leader of the Year at the 2015 Australian Institute of Management WA and WestBusiness Pinnacle Awards last night. The West

Increased stake by Lowe’s an option for struggling Masters

Woolworths will outline its plans for the beleaguered Masters Home Improvement business within months, which could include offloading a larger stake of the loss-making operation to its US joint venture partner Lowe’s. the Fin

Wellard backer spells out debt exit in float

Livestock exporter Wellard’s plans for a public listing have taken a last-minute twist with its major backer moving to clear up uncertainty over convertible notes with a face value of $US205 million-plus. The West

We deal with emissions our way: PM

Malcolm Turnbull says Australia won’t follow Britain’s lead in mandating replacement of coal power plants with those fuelled by gas but has reaffirmed his support for buying international credits. The West

 

 

The Australian Financial Review

Page 1: BHP Billiton chairman Jac Nasser has refused to commit to maintaining the miner’s $US6.6 billion ($9.2 billion) annual dividend payout beyond this February, leaving the door open for a change in its policy to maintain or increase the dividend each year.

Treasurer Scott Morrison is rushing to review laws that allow states to sell strategic assets to foreign companies without federal scrutiny as the government comes under pressure over recent sales.

Page 3: Australian Securities and Investments Commission chairman Greg Medcraft has defended the sale of its lucrative database registries, saying the government has every right to test the market.

Page 4: The sale of Australia’s largest landholder, S. Kidman & Co, to a foreign buyer has been temporarily left in doubt after the Treasurer blocked the company’s entire foreign buyer program, creating fears of serious repercussions, including softer land values, in the beef industry.

Page 10: Australia has reinforced its new push for better business links to Indonesia by relaxing some of its visa restrictions on visiting Indonesians and calming a long-running sore point in bilateral relations.

Page 12: Booking.com is growing its Australian business at more than a double-digit rate despite growth in outbound travel slowing to just 2.3 per cent now that the dollar has fallen.

Page 13: East-coast gas buyers left disappointed by the competition regulator’s unconditional approval for Royal Dutch Shell’s $US70 billion ($98 billion) takeover of BG Group have turned their attention to the Foreign Investment Review Board as they look for conditions to be put around the deal.

Page 15: Woolworths will outline its plans for the beleaguered Masters Home Improvement business within months, which could include offloading a larger stake of the loss-making operation to its US joint venture partner Lowe’s.

Page 23: Mineral Resources managing director Chris Ellison says there is no doubt weak iron ore prices of about $US50 a tonne will be sustained for the next two years.

Page 27: Australia’s economy is far from being in recession – its outlook has improved and it is poised to attract international buyers, according to two major investment firms.

 

 

The Australian

Page 1: Farmers have warned that Scott Morrison’s rejection of the purchase of Australia’s largest pastoral holding by foreign buyers risks undermining foreign investment when agriculture needs billions of dollars to capture massive Asian export opportunities.

Page 3: Business leaders are divided over the future of children travelling in business class as major airlines vie to entice cashed-up corporate customers in the increasingly competitive up-scale end of the aviation sector.

Page 5: Australia’s competition regulator will launch court action against Phoenix Institute, one of Australia’s largest training colleges, less than a month after it began proceedings against Unique International College for engaging in “misleading or deceptive and unconscionable conduct”.

Page 19: Treasury Wine Estates has found itself an unlikely hit in its Lindeman’s Gentleman’s Collection brand of big, bold red wines aimed at millennial males.

Page 20: Shares in Programmed Maintenance Services were hammered yesterday as the labour provider blamed a weakening economy for its first-half loss.

Page 22: Network Ten is betting it can hit the ratings jackpot on a third throw of the dice by adapting another American TV format for Australian viewers with a big money version of reality series Survivor.

Page 25: For high-flying technology companies, the US has long offered the best prospects for an initial public offering. But as a chill descends on tech IPOs, some Silicon Valley start-ups are heading Down Under in search of capital.

Page 28: Australian airline passengers can expect inflight internet in the near future as new satellite systems provide greatly improved data streaming at reduced costs, predicts a senior executive with satellite company Inmarsat.

 

 

The West Australian

Page 2: Perth Racing says it has done everything possible to ensure punters will have the best race-day experience for James Boag’s Premium Super Saturday at Ascot tomorrow.

Page 14: A Perth postnatal depression help service is seeing twice as many fathers referred this year, fuelled by the downturn in the economy.

Page 22: Stan Perron was named WA’s Business Leader of the Year at the 2015 Australian Institute of Management WA and WestBusiness Pinnacle Awards last night.

Page 26: State MPs will lose their free rail travel and former premiers will no longer get access to a taxpayer-funded car under changes flagged after the 2017 election.

Page 28: Malcolm Turnbull says Australia won’t follow Britain’s lead in mandating replacement of coal power plants with those fuelled by gas but has reaffirmed his support for buying international credits.

Page 34: Australia’s drug regulator has delayed a decision on whether to make codeine prescription-only after widespread opposition to the move.

Business: Livestock exporter Wellard’s plans for a public listing have taken a last-minute twist with its major backer moving to clear up uncertainty over convertible notes with a face value of $US205 million-plus.

Gina Rinehart will become the sole owner of two cattle stations in the Kimberley in a deal worth more than $40 million.

Sedgman’s biggest shareholder CIMIC Group has ambushed the resources contractor at its annual meeting, dumping three directors and scrapping executive bonus schemes.

Brownes Dairy’s latest ad campaign for its new All Natural range has reversed a steep decline in yoghurt sales, growing sales of the product by 57 per cent.

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