19/04/2016 - 06:31

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19/04/2016 - 06:31

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Big shipbuilding win for local companies

In a major win for local companies, spearheaded by shipbuilding heavyweight Austal, dozens of vessels for the Royal Australian Navy as well as other countries have been promised to be built at the Australian Marine Complex at Henderson. The West

Atlas Iron in plea for debt support

An attempt by Atlas Iron’s chairman to reassure investors that its proposed debt restructure is the best way forward for the company has done little to calm the market, with shares in Atlas falling to a near two-month low. The Fin

Road clear for July 2 election

Australians will go to the polls on July 2 in the first double dissolution election in almost three decades after the Senate refused to pass a key industrial relations bill designed to boost the regulation of unions. The Fin

Shareholders divided on Telstra’s $1.8b

Telstra faces a tough decision over how to best use the spoils of the $2.1 billion sale of the majority of its stake in Chinese online car retailer Autohome. The Fin

Farmers reap rewards from gamble on quinoa

The first Western Australian-grown white quinoa has hit the shelves of all Coles supermarkets across the country, replacing imported products. The West

Dairy exporters back online in China

Australian dairy processors can resume selling UHT and powdered milk through Chinese websites after Beijing authorities lifted a temporary halt on the trade. The Fin

 

 

The Australian Financial Review

Page 1: Australians will go to the polls on July 2 in the first double dissolution election in almost three decades after the Senate refused to pass a key industrial relations bill designed to boost the regulation of unions.

Page 3: Developers have warned the Reserve Bank that the more it talks up fears of an oversupply of apartments, the more banks will withdraw their lending to buyers, leading to a possible self-fulfilling fear of ‘‘apartment collapse’’.

The thirst for red wine has pushed Australia’s exports to mainland China past Britain for the first time, to become the second-largest export destination, with $397 million of sales over the past year.

Page 5: Foresters say wood waste should earn renewable energy credits to help plug a huge gap in the Renewable Energy Target.

Page 6: The federal government could unveil its own banking changes as early as Tuesday in a bid to shut down the politically popular call by Labor to hold a royal commission into the financial services sector.

Page 9: Clive Palmer will keep his Queensland Nickel refinery closed until later this year, months later than expected, but his company has vowed to re-hire 700 staff when it eventually returns to production.

Australian dairy processors can resume selling UHT and powdered milk through Chinese websites after Beijing authorities lifted a temporary halt on the trade.

Page 15: Qantas full-year profit could be as much as 7 per cent lower than expected after the airline blamed sluggish demand and the spectre of the federal election for its decision to revise its plans to boost capacity.

Page 17: Telstra faces a tough decision over how to best use the spoils of the $2.1 billion sale of the majority of its stake in Chinese online car retailer Autohome.

Page 20: Rio Tinto and BHP Billiton could surprise the market this week by cutting their full-year iron ore guidance, with both miners’ March-quarter output likely to have been more sluggish than expected.

Page 23: Commonwealth Bank of Australia has signed a significant new deal with $20 billion US software services group Workday, moving numerous technology systems off the Oracle systems in its premises into the cloud, as the fast-growing American company sharpens its focus on Australian growth.

Page 29: Aldi Australia’s sales are forecast to rise almost 90 per cent to $15 billion over the next four years – challenging the Woolworths/Coles duopoly – as the discounter opens stores in new states and consumers spend more grocery dollars at the discount retailer.

Page 30: An attempt by Atlas Iron’s chairman to reassure investors that its proposed debt restructure is the best way forward for the company has done little to calm the market, with shares in Atlas falling to a near two-month low.

 

 

The Australian

Page 1: Malcolm Turnbull has promised 2500 long-term defence construction jobs for Adelaide and Perth, unveiling a $40 billion plan to build 42 surface warships and to save the nation’s naval shipbuilding industry.

Page 8: Victoria has launched an audacious bid to lift its share of Chinese investment in Australia from 8 per cent to more than 20 per cent in the next decade.

Page 19: Expectations of a long federal election campaign — official or otherwise — are starting to take their toll on business, with retailers and airlines reporting weaker conditions as federal parliament heads for a potential double dissolution poll.

Kerry Stokes’s Seven Group Holdings has invested in online equipment hire group iSeekplant, as the media, mining and energy conglomerate looks to uncover the next digital advertising success story.

Page 20: US LNG hopeful Liquefied Natural Gas Limited has achieved final government approval to export from its planned $US4.4 billion Magnolia project in Louisiana, two weeks after founder Maurice Brand was replaced as managing director.

Page 21: Arrium’s new administrator has warned that the group’s Whyalla steelworks and its associated businesses are being challenged by low iron ore and steel prices, and their cost base will have to be reined in.

Telstra executive Gareth Jude has warned that the Australian retail landscape is yet to witness the true power and reach of $US300 billion ($390bn) retail behemoth Amazon, with the expected arrival of new services and offerings from the US giant set to shake up the market.

 

 

The West Australian

Page 3: The union representing WA police officers has condemned speed cameras as “revenue raisers” and questioned how hiding them in bushes to catch mostly “good people” helped improve road safety.

Page 7: In a major win for local companies, spearheaded by shipbuilding heavyweight Austal, dozens of vessels for the Royal Australian Navy as well as other countries have been promised to be built at the Australian Marine Complex at Henderson.

Page 12: Any moves to bring volunteer bushfire brigades under centralised control would have to overcome political hurdles after the idea received a mixed reception from key Cabinet figures yesterday.

Page 13: The first Western Australian-grown white quinoa has hit the shelves of all Coles supermarkets across the country, replacing imported products.

Page 15: WA councils are being urged to let ratepayers speak more freely at meetings, make councillors’ expense claims public and allow only voters to elect mayors.

Business: Civil and mining contractor Brierty believes new monitoring and reporting systems will provide better oversight of its business after being scorched by a major blowout on a remote North West road contract.

The administrators of failed base metals miner Kagara say they have paid back all dues to former employees after restructuring the assets and selling them.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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