17/12/2015 - 07:07

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17/12/2015 - 07:07

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Failure cost Samsung $180m

Samsung C&T claims its financial headaches running the Roy Hill iron ore project include the loss of more than $180 million because of last year’s collapse of engineering company Forge Group. The West

Cut deeper, audit head tells Libs

Tony Shepherd, the businessman who wrote a widely criticised budget blueprint for the Abbott government, says the $26 billion budget blowout vindicates his National Commission of Audit report and the Turnbull government needs to do more to convince Australians that spending is unsustainable. The Fin

Barnett Government scrambling after Roe 8 decision

The Barnett Government was scrambling last night to work out how it could legally and politically push on with its flagship Roe 8 road extension project. WA’s top judge ruled yesterday that the environmental approval for the divisive project was invalid and stopped the road build in its tracks. The West

Tax Office set to name firms that paid no tax

Australian boardrooms are braced for the release of tax data on Thursday morning that will name 579 of the country’s largest corporations that paid no tax in 2014. The Fin

ARU signs $275m TV deal

The Australian Rugby Union has secured a new broadcast rights deal worth more than $275 million in a package that will see all Super Rugby matches screened live on Fox Sports and a Sunday morning replay on Ten Network. The Fin

Force Awakens to slay critics

Film critics around the world have hailed the latest instalment of the Star Wars series, indicating the much anticipated movie has lived up to the extraordinary amount of excitement it generated. The West

 

 

The Australian Financial Review

Page 1: Tony Shepherd, the businessman who wrote a widely criticised budget blueprint for the Abbott government, says the $26 billion budget blowout vindicates his National Commission of Audit report and the Turnbull government needs to do more to convince Australians that spending is unsustainable.

Page 2: Australian boardrooms are braced for the release of tax data on Thursday morning that will name 579 of the country’s largest corporations that paid no tax in 2014.

Page 7: The Australian Rugby Union has secured a new broadcast rights deal worth more than $275 million in a package that will see all Super Rugby matches screened live on Fox Sports and a Sunday morning replay on Ten Network.

iiNet customers who allegedly downloaded illegal copies of the Hollywood movie Dallas Buyers Club can rest a little easier after the Federal Court rejected a second bid to get their contact details.

Page 9: Former Rabobank money market trader Paul Thompson has been given a month to decide whether to fight his extradition to the United States, a decision that could affect his defence if he faces trial in an American court.

Page 11: Queensland Nickel may be down to its last few millions and close to closure but owner Clive Palmer still has enough money to pay lawyers.

Page 13: Telstra’s plan to build a mobile network in the Philippines with food and beer giant San Miguel could cost up to $5 billion if construction is hit by cost overruns, independent analyst firm Creator Tech said.

Page 16: Australia’s export credit agency says the fact procurement work for the massive Oyu Tolgoi expansion will be conducted from Rio Tinto’s Brisbane office should help small Australian contractors to win their share of work on the project.

Copper junior Tiger Resources has significantly reduced the cost of its debt and boosted its credibility with a new debt and equity package involving the World Bank’s International Finance Corporation (IFC).

 

 

The Australian

Page 1: Deputy Prime Minister Warren Truss is still demanding another seat for the Nationals in cabinet ahead of a likely announcement of his retirement in the new year, clearing the way for a rocky push to the leadership by Barnaby Joyce.

Page 3: The Australian Taxation Office has warned tech giants including Google, which employs the ABC’s anticipated new managing director Michelle Guthrie, that it will be unrelenting in ensuring they obey laws designed to stop multinational corporations avoiding Australian tax.

Page 5: A retreat on paid parental leave that would soften the government’s hard-line approach to so-called double-dipping would still aim to prevent taxpayers topping up payments to high-income earners, Social Services Minister Christian Porter says.

Page 17: Billionaire casino magnate James Packer has not given up hope of privatising his Crown Resorts after talks fell over last month on a potential $4 billion deal with US private equity giant TPG that would see the Packer family exit the Australian sharemarket.

Page 19: The Australian Competition & Consumer Commission has settled its Federal Court proceedings against Coles Express over allegations of its involvement in a petrol price information sharing service operated by a company called Informed Sources.

 

 

The West Australian

Page 1: The Barnett Government was scrambling last night to work out how it could legally and politically push on with its flagship Roe 8 road extension project. WA’s top judge ruled yesterday that the environmental approval for the divisive project was invalid and stopped the road build in its tracks.

Page 4: WA’s conservation reserves are set to treble in size.

Page 6: Rating agencies have warned the Federal Government its triple-A credit rating is at risk as doubts grow about key spending cuts being delivered.

Page 9: Rising levels of childhood obesity are being partly blamed for a big increase in WA children being referred to hospital with sleep problems.

Page 11: Film critics around the world have hailed the latest instalment of the Star Wars series, indicating the much anticipated movie has lived up to the extraordinary amount of excitement it generated.

Business: Samsung C&T claims its financial headaches running the Roy Hill iron ore project include the loss of more than $180 million because of last year’s collapse of engineering company Forge Group.

Evolution Mining has moved to retain executive chairman Jake Klein to lead Australia’s second-biggest gold producer for at least the next three years.

Brisbane utility ERM Power has taken over Perth energy monitoring company Greensense in a $5.25 million all-cash deal.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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