24/05/2016 - 06:28

Morning Headlines

24/05/2016 - 06:28

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Turnbull is winning despite polls

The Coalition would win the election if it were held this week, despite what the major opinion polls show, because Labor has not yet won enough votes in the seats that matter, according to the Coalition and Labor Party. The Fin

BHP breathes life into Nickel West

A reinvigorated, low-cost Nickel West will be the heart of WA’s nickel industry for decades to come, according to asset president Eddie Haegel, as BHP Billiton flags investment aimed at extending the ageing operation’s life until at least 2032. The West

Libs lash docs over co-payments

Malcolm Turnbull and Health Minister Sussan Ley have hit out at claims by doctors they would have been forced to charge patients up to $25 extra per visit if a freeze on the Medicare Benefits Schedule was not lifted, arguing that an extension of the freeze until 2020 would have only cost a fraction of that amount. The Fin

WA households threatened with water supply cut

More than 10,000 WA households a month were threatened with having their water supplies cut to a trickle last year because they had not paid their bills on time. The West

Flight Centre comes in for hard landing

Flight Centre shares were savaged by the market yesterday after the travel agency warned that its profit was under increasing pressure from online travel agencies and uncertainty surrounding the federal election, next month’s Brexit referendum in Britain and rising fears of the Zika virus. The Aus

Poseidon, Atlas join rush for lithium

The lithium boom yesterday snared two unlikely wannabes, with immediate positive results as Poseidon Nickel shares soared almost 26 per cent while Atlas Iron gained 13 per cent. The West

Dingo safe in $10m investment in mill

GrainCorp boss Mark Palmquist is committed to keeping the dingo alive as part of the company’s significant but often overlooked footprint in WA. The West

 

 

The Australian Financial Review

Page 1: The Coalition would win the election if it were held this week, despite what the major opinion polls show, because Labor has not yet won enough votes in the seats that matter, according to the Coalition and Labor Party.

Page 4: Malcolm Turnbull and Health Minister Sussan Ley have hit out at claims by doctors they would have been forced to charge patients up to $25 extra per visit if a freeze on the Medicare Benefits Schedule was not lifted, arguing that an extension of the freeze until 2020 would have only cost a fraction of that amount.

Page 5: Political analysts say Opposition Leader Bill Shorten’s $1 billion pledge for state Labor’s popular Metronet urban rail project is a clever move that should boost his appeal in Western Australia.

Page 8: South Australia doesn’t have to choose between storing nuclear waste and its famous wine industry, according to the state’s business lobby, which has drawn solace from the cooling towers nestled among France’s vineyards.

Page 15: The rebound in global steel prices, coupled with faster than anticipated impact from its heavy round of cost cutting, has helped push Bluescope Steel’s earnings well ahead of forecasts and there is optimism of further gains heading into the new financial year.

Big W boss Sally Macdonald has preempted a strategic review by Woolworths chief executive Brad Banducci, slashing buying staff and restructuring the discount department store chain’s overseas sourcing.

Page 23: PayPal co-founder and investment legend Peter Thiel has predicted the end of US dominance of the global tech industry, but has warned that Australia must reduce its reliance on mining and real estate before it can reach its potential.

Page 24: Online graphic design start-up Canva will launch a graduate engineering program aimed at keeping its base in Sydney, despite plans to dramatically expand its global reach.

 

 

The Australian

Page 1: The Australian Taxation Office will launch a review of benefits being claimed by MPs, including deductions for buying raffle tickets and attending electorate functions, along with the “double dipping” of benefits for rental properties in Canberra.

Page 2: Funding the superannuation pensions of retiring public servants is a headache for all Australian governments with the exception of Queensland, the fall in interest rates making the problem worse.

Page 7: Church leaders are putting religious freedom on the election agenda as they speak out against a Greens plan to scrap longstanding safeguards in the nation’s antidiscrimination laws, while Labor hedges on the issue.

Page 19: Flight Centre shares were savaged by the market yesterday after the travel agency warned that its profit was under increasing pressure from online travel agencies and uncertainty surrounding the federal election, next month’s Brexit referendum in Britain and rising fears of the Zika virus.

Chief executive of the $2 billion financial market software company IRESS, Andrew Walsh, has criticised the federal government’s innovation agenda, arguing Malcolm Turnbull’s ideas boom is “shallow” and “inflated with bad cliches”.

Page 22: Oil Search’s $US2.2 billion ($3bn) joint bid for InterOil with French oil major Total looks set for success, despite expected opposition from the target’s founder and significant shareholder Phil Mulacek.

The head of Virgin Australia’s frequent-flyer business yesterday warned against investing in companies that mine and monetise customer data, saying it is “risky” and could jeopardise customer trust.

Page 26: Battle of the TV set-top boxes The fourth-generation Apple TV and the Nvidia Shield powered by Google’s Android TV platform are two capable set-top boxes vying to play a central role in living rooms.

 

 

The West Australian

More than 10,000 WA households a month were threatened with having their water supplies cut to a trickle last year because they had not paid their bills on time.

WA researchers have warned that cannabis use causes genetic mutations that can be passed on to children and grandchildren.

Communities prone to natural disaster will be in line for funding targeting mobile phone black spots under a new $60 million promise by the Turnbull government.

The lithium boom yesterday snared two unlikely wannabes, with immediate positive results as Poseidon Nickel shares soared almost 26 per cent while Atlas Iron gained 13 per cent.

GrainCorp boss Mark Palmquist is committed to keeping the dingo alive as part of the company’s significant but often overlooked footprint in WA.

WA’s biggest milk producer is about to be sold for close to $30 million to European investors focused on the export market.

A reinvigorated, low-cost Nickel West will be the heart of WA’s nickel industry for decades to come, according to asset president Eddie Haegel, as BHP Billiton flags investment aimed at extending the ageing operation’s life until at least 2032.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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