11/02/2016 - 06:56

Morning Headlines

11/02/2016 - 06:56

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New stadium financials under wraps

Auditor-General Colin Murphy has indicated he may take a closer look at the financial arrangements for the new Perth Stadium. The West

Telstra mobile network not immune to one-man army

Telstra admitted it may be impossible to stop an individual bringing down its mobile network following a vast outage on Tuesday as it launched an internal investigation into the blackout that disrupted 3G and 4G services accessed by 16.7 million mobile users. The Aus

HBF caves to lower health insurance rise

HBF has become the first major health fund to publicly opt to reduce its planned insurance premium rise after the Federal Government blocked insurers’ initial requests for increases. The West

Corporate tax could be cut, slowly

The Turnbull government is considering phasing in a large corporate income tax over a decade after the decision to dump changes to the GST left it with less revenue to pay for bigger reductions up front. The Fin

Demands to review choke on Chinese investment

New foreign investment rules designed to channel funds into technology, business ventures and research and development are being closely monitored as they choke an avenue of Chinese investment and lose Australia an estimated $5 billion to $7bn a year. The Aus

Time hasn’t tarnished AngloGold’s pipeline

A fall in diesel prices to their lowest level in recent memory has not dented the enthusiasm of AngloGold Ashanti for its new gas pipeline, with the gold giant yesterday standing by its decision to effectively underwrite the development of the $193 million piece of infrastructure. The Aus

OZ Minerals boosts its dividend

OZ Minerals has handed down a big final dividend despite getting ready to approve a $1 billion development at its Carrapateena copper and gold deposit in South Australia this month. The Aus

 

 

The Australian Financial Review

Page 1: Commonwealth Bank of Australia defied the gloom permeating global financial markets by delivering a first-half profit pointing to solid underlying economic conditions.

The Turnbull government is considering phasing in a large corporate income tax over a decade after the decision to dump changes to the GST left it with less revenue to pay for bigger reductions up front.

Page 5: Prime Minister Malcolm Turnbull will be able to conduct a major overhaul of his frontbench after Trade Minister Andrew Robb decided to join Nationals leader Warren Truss and retire from politics at this year’s federal election.

Page 7: Tax commissioner Chris Jordan lashed out at foreign-owned multinationals such as the tech giants for deliberately thwarting Australia’s tax collection efforts.

Page 8: IGA has joined small businesses and politicians in a national campaign for law changes to help them compete with supermarket giants Coles and Woolworths.

The planned float of Bob Jane Integrity Insurance has been delayed, as the mooted initial public offering becomes the latest battleground for the former tyre king and his estranged son.

Page 17: Electricity major AGL Energy has taken its most decisive steps yet to reposition itself for a lower-carbon future, launching a $3 billion renewable energy project fund and investing $US20 million ($28.4 million) in a Californian solar and battery storage developer.

Page 19: OZ Minerals believes it is generating enough cash to pay dividends and build its next copper mine, after a year in which profits almost tripled.

Page 22: Former David Jones CEO Iain Nairn will take charge of Kikki.K’s global expansion after joining the stationery retailer as chief executive this week.

Page 23: Regional broadcaster WIN Corporation is taking Nine Entertainment to court in an attempt to stop its metropolitan counterpart from streaming its channels into regional Australia via the internet.

Page 24: Hancock Prospecting’s Roy Hill iron ore company has taken control of the Pilbara operation from head contractor Samsung C&T, which has suffered heavy losses developing the mine, rail and port.

 

 

The Australian

Page 1: Australia stands to gain a $9 billion boost to jobs and growth if political leaders have the courage to embrace “transformational” tax changes.

Page 2: New foreign investment rules designed to channel funds into technology, business ventures and research and development are being closely monitored as they choke an avenue of Chinese investment and lose Australia an estimated $5 billion to $7bn a year.

Queensland Treasurer Curtis Pitt has “absolutely, unequivocally” ruled out a “fire sale of revenue generating assets”, despite Western Australian Premier Colin Barnett conceding his state’s electricity network might need to be privatised.

Page 20: A fall in diesel prices to their lowest level in recent memory has not dented the enthusiasm of AngloGold Ashanti for its new gas pipeline, with the gold giant yesterday standing by its decision to effectively underwrite the development of the $193 million piece of infrastructure.

OZ Minerals has handed down a big final dividend despite getting ready to approve a $1 billion development at its Carrapateena copper and gold deposit in South Australia this month.

Page 23: Telstra admitted it may be impossible to stop an individual bringing down its mobile network following a vast outage on Tuesday as it launched an internal investigation into the blackout that disrupted 3G and 4G services accessed by 16.7 million mobile users.

 

 

The West Australian

Auditor-General Colin Murphy has indicated he may take a closer look at the financial arrangements for the new Perth Stadium.

About 300,000 WA landlords could have negative gearing benefits crimped, with Treasurer Scott Morrison signalling changes yesterday.

Salary records reveal how much more WA doctors, nurses and allied health professionals working in the public hospital system are paid than their interstate counterparts.

In July it will be four years since Sirius ResourcesNova nickel-copper discovery, which sparked a modern-day rush to the edge of the Nullarbor. Now the Fraser Range is turning into a graveyard for cash-strapped explorers.

The United States’ Federal Aviation Administration issues warning that the batteries should be separated from other flammable cargo.

WA has two probable case of salmonella poisoning linked to lettuce among 128 cases Australia wide.

HBF has become the first major health fund to publicly opt to reduce its planned insurance premium rise after the Federal Government blocked insurers’ initial requests for increases.

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