15/12/2015 - 06:43

Morning Headlines

15/12/2015 - 06:43

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Woolies and Qantas in loyalty rejig

Woolworths loyalty card members will be able to swap grocery discounts for Qantas Frequent Flyer points after the retailer, under pressure from customers, reached a new partnership agreement with the airline. The Fin

Legal threat to Apex directors

Apex Minerals liquidator Bryan Hughes plans to launch legal action against the collapsed gold producer’s former directors over claims the Wiluna miner was insolvent for almost two years before receivers were appointed. The West

Nurofen fined over misleading pain claims

The manufacturer of Nurofen faces millions of dollars in fines but will be allowed to sell painkillers marketed as targeting specific types of pain for another 12 months after a court found they were misleading to customers. The Fin

Deficits fuel debt nightmare                                     

The nation’s debt will climb past $600 billion as the Coalition’s struggle to reduce spending is reflected in another blowout in the budget deficit to be revealed today. The Aus

Independence chief sees upside of nickel

Independence Group has no concerns that the parlous state of global nickel markets will affect its Nova nickel mine, with the company yesterday flagging a material improvement of its operating costs. The West

Jobs set to go at Golden Grove operation

MMG, the Chinese-controlled base metals miner which listed on the Australian sharemarket yesterday, has confirmed a pending round of redundancies at its Golden Grove operation in the Mid West as falling metal prices continue to take their toll. The West

 

 

The Australian Financial Review

Page 3: The manufacturer of Nurofen faces millions of dollars in fines but will be allowed to sell painkillers marketed as targeting specific types of pain for another 12 months after a court found they were misleading to customers.

Page 4: Rural Australians using the national broadband network’s $2 billion satellite service will get bigger download allowances and better services for remote schoolkids thanks to more use of its other networks from 2016.

Page 5: Economic growth forecasts will be cut by up to 0.5 of a percentage point in Tuesday’s mid-year budget update which will predominantly target welfare compliance in an effort to recoup more than $5 billion in new spending since the May budget.

Woolworths, Coles and Aldi are embroiled in a child labour scandal, with all three supermarket chains confirming they sell prawns or seafood supplied by a Thai company at the centre of the allegations.

Page 9: Australia’s commitment to the Paris climate accord exposes the government’s lack of policy to end the power grid’s reliance on coal and gas, industry executives say.

Page 13: Woolworths loyalty card members will be able to swap grocery discounts for Qantas Frequent Flyer points after the retailer, under pressure from customers, reached a new partnership agreement with the airline.

Page 16: Sam Walsh has backed a push by Mark Carney, the governor of the Bank of England, for companies to more clearly define, measure and report greenhouse gas emissions data.

GrainCorp will spend more than $30 million to help shield itself from Australia’s extreme weather and its effect on production.

Page 23: A ruling by the competition watchdog on Brookfield Infrastructure’s $9 billion takeover of Asciano is likely to be pushed into 2016 after the Canadian group asked the regulator to delay its decision.

 

 

The Australian

Page 1: The nation’s debt will climb past $600 billion as the Coalition’s struggle to reduce spending is reflected in another blowout in the budget deficit to be revealed today.

Page 4: The owners of some of Australia’s biggest coal power stations have declared they could operate beyond 2030 despite pressure for an accelerated phasing out of emissions-intensive generators following the Paris accord.

Page 6: New money for students with disabilities promised at the 2013 federal election will be delayed again as governments “refine” national data that shows there are more than twice as many children who need support in schools than are currently being funded.

Page 18: Telstra is aiming to sign up more than one million customers on the National Broadband Network in 2018 and has revealed it is spending $3 million to train an army of 250 technicians to complete customer installations for the mammoth infrastructure project.

 

 

The West Australian

Page 1: Tens of billions of dollars have been wiped from the Budget bottom line of the Federal Government, putting at risk its tax reform and election plans.

Page 3: Commercial fishermen and marine scientists are bracing for a possible ocean heatwave that could damage fish stocks and bleach coral reefs.

Page 4: The Federal Government will likely ensure Australia can meet ambitious emission reductions by allowing international credits, which Tony Abbott once flayed as “dodgy carbon farms”.

Page 7: Tony Galati wants common sense to prevail in WA’s potato industry after losing the latest round in his costly legal battle with the State Government’s spud cop.

Page 9: Perth councils are spending $3.6 million a year cleaning up illegal graffiti.

Business: Apex Minerals liquidator Bryan Hughes plans to launch legal action against the collapsed gold producer’s former directors over claims the Wiluna miner was insolvent for almost two years before receivers were appointed.

A WA horticulture giant has bought properties in the Wheatbelt where more than 240,000 almond trees were planted in the hope of creating one of the nation’s biggest orchards.

Independence Group has no concerns that the parlous state of global nickel markets will affect its Nova nickel mine, with the company yesterday flagging a material improvement of its operating costs.

The Independent Market Operator, which came to prominence after the 2008 Varanus Island gas crisis, has taken out this year’s WA Gas Industry Development Award, just months after most of its duties were handed to the Australian Energy Market Operator (AEMO).

MMG, the Chinese-controlled base metals miner which listed on the Australian sharemarket yesterday, has confirmed a pending round of redundancies at its Golden Grove operation in the Mid West as falling metal prices continue to take their toll.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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