04/04/2016 - 06:00

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04/04/2016 - 06:00

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Royalties ‘inequity’ hurts Peel

Murray-Wellington Liberal Murray Cowper has attacked the “massive inequity” of the Royalties for Regions fund as new figures show Peel receiving less than a tenth of Pilbara’s funding. The West

ACCC raises queries on Asciano bid

The competition watchdog has questioned the commercial relationships between Qube, Brookfield Infrastructure and six international investment funds after starting a new review of the $9.05 billion Asciano takeover. The Fin

Rinehart’s first ship arrives in China port

Gina Rinehart’s Hancock Prospecting expects iron ore prices to remain above $US50 a tonne this year with robust demand from China boosting returns from the mining magnate’s $US10 billion ($13 billion) Roy Hill project. The Fin

China comes calling for cattle

WA will move a step closer to an historic live cattle shipment to China this week when business leaders from Zhejiang and Hainan Island inspect every aspect of the local supply chain. The West

Nine wooed Fairfax over $3.3b merger

Advisers to the television broadcaster Nine Entertainment Co approached Fairfax Media in late January to explore what a $3.3 billion merger of the two media companies could look like. The Fin

Turnbull urged to rein in debt

Business leaders are urging the Turnbull government to use next month’s budget to rein in debt, with financial system inquiry chairman David Murray warning that lacklustre global growth and currency wars left Australia’s economy vulnerable. The Aus

Newmont pegs new territory

US giant Newmont Mining has pegged tracts of land east of Kalgoorlie-Boulder in its first significant move beyond its Super Pit gold operations in nearly two decades. The West

 

 

The Australian Financial Review

Page 1: The Tax Office is investigating more than 800 high-net-wealth Australian clients of the controversial Panama law firm Mossack Fonseca, which is the focus of an unprecedented leak of tax haven records released globally.

One of the nation’s top business groups has called for a complete overhaul of the Council of Australian Governments after Friday’s collapsed income tax talks, saying the council needs its own permanent head who can lobby to fix funding problems and end blame shifting between Canberra and the states.

Page 3: It costs just $2000 in China to fabricate the documents required for an Australian student visa, which can then lead to permanent residency, according to Chinese court files.

Page 8: Concerns about a ‘‘toppy’’ housing market and lower growth in China are reasons for Australia’s banks to continue to hold capital buffers higher than the minimum levels set by the Basel Committee on Banking Supervision, a senior APRA executive says.

Page 13: The competition watchdog has questioned the commercial relationships between Qube, Brookfield Infrastructure and six international investment funds after starting a new review of the $9.05 billion Asciano takeover.

Gina Rinehart’s Hancock Prospecting expects iron ore prices to remain above $US50 a tonne this year with robust demand from China boosting returns from the mining magnate’s $US10 billion ($13 billion) Roy Hill project.

Page 17: National Australia Bank is turning to the venture capital sector to run its $50 million fund that will invest in fintech start-ups, a plan aimed at boosting innovation across the lender.

Page 18: Cancer care provider Icon Group is hunting for deals in south-east Asia as private equity backer Quadrant looks towards an exit, valuing the group up to $1 billion, in the next 18 months.

Page 29: Advisers to the television broadcaster Nine Entertainment Co approached Fairfax Media in late January to explore what a $3.3 billion merger of the two media companies could look like.

 

 

The Australian

Page 1: Malcolm Turnbull will go to the federal election warning voters that the nation must “live within our means” as he rejects demands for greater spending on health and education and ignites a political storm over “fantasy” Labor promises.

Powerful sections of the US and Australian national security establishments have come together to restate their longstanding preference for Australia to choose Japanese rather than German or French replacement submarines for the six Collins class boats.

Page 7: A British doctor has been secretly filmed describing how he prescribed banned performance-enhancing drugs to 150 elite sportsmen, including Premier League footballers.

Page 17: Business leaders are urging the Turnbull government to use next month’s budget to rein in debt, with financial system inquiry chairman David Murray warning that lacklustre global growth and currency wars left Australia’s economy vulnerable.

In the face of intense competition from Uber and app-based fare payment intermediaries, Cabcharge chief executive Andrew Skelton takes umbrage at suggestions the taxi industry has been caught napping.

Page 18: Australia is next week sending its biggest ever business delegation overseas — with the corporate chiefs heading to China to pursue the fresh opportunities opened up by the free-trade agreement that came into effect just three months ago.

Page 19: Former Woolworths chief executive Grant O’Brien, the man at the centre of the supermarket’s ill-conceived hardware chain Masters, has stepped down as a director of the home improvement group, bringing to an end a painful and costly seven-year journey with the failed business.

Page 23: The free-to-air TV networks are expected to miss out on a potential $153 million windfall from licence fee cuts in a surprise move as the Turnbull government moves to repair the nation’s budget deficit.

 

 

The West Australian

Page 1: Murray-Wellington Liberal Murray Cowper has attacked the “massive inequity” of the Royalties for Regions fund as new figures show Peel receiving less than a tenth of Pilbara’s funding.

Page 3: If you find yourself pondering your bank statement after a night at the movies, it might be because in Perth the experience costs more than almost anywhere in the world.

Page 6: Unprecedented amounts of money will be spent on trying to fix vital but ailing waterways in the South West as part of a plan to be unveiled by the Barnett Government.

Page 11: Malcolm Turnbull has doubled down on an early election, ruling out any support for a corruption-fighting body being demanded by crossbench senators.

Business: WA will move a step closer to an historic live cattle shipment to China this week when business leaders from Zhejiang and Hainan Island inspect every aspect of the local supply chain.

Emerging agribusiness Mareterram is casting around for acquisitions as it celebrates a significant milestone after a backdoor-listing in January.

US giant Newmont Mining has pegged tracts of land east of Kalgoorlie-Boulder in its first significant move beyond its Super Pit gold operations in nearly two decades.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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