25/05/2016 - 06:29

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25/05/2016 - 06:29

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Stockpiles of iron ore drive prices lower

Iron ore prices are under pressure as more than 100 million tonnes of inventory pile up at Chinese ports, sending prices of the nation’s biggest export well below recently revised government forecasts and erasing much of the gains made this year. The Aus

RBA chief warns on budget task

Outgoing Reserve Bank governor Glenn Stevens has warned the bickering political parties that whichever side wins the federal election will face years of hard decisions if they carry through on promises to repair the budget. The Fin

Batteries to fuel change: AGL

AGL Energy chief executive Andy Vesey has singled out the advance in battery storage as the factor that will ‘‘change the world’’ of energy investment over the next few years, with a significant impact on both businesses and individual consumers. The Fin

ALP fury over Coalition attack on ‘black hole’

The Coalition has stumbled in its attack that claims Bill Shorten has a budget black hole of up to $67 billion while Labor is insisting the government is misrepresenting opposition policies. The Aus

Qantas forecasts slashed with fares losing altitude

Morgan Stanley has slashed its profit forecasts for Qantas over the next two financial years as the tumbling price of international airfares continues to hurt airlines and travel agents. The Aus

Nationals Leader sends warning to pastoralists

Nationals WA leader Terry Redman has warned the pastoral industry not to repeat the mistakes of the past by rejecting new land use laws covering almost 90 per cent of the State. The West

Twitter relaxes 140-character limit for tweets

Twitter said Tuesday it was easing its 140-character limit for tweets, allowing users to add links, attachments and some other features within the short messages. The West

 

 

The Australian Financial Review

Page 1: Outgoing Reserve Bank governor Glenn Stevens has warned the bickering political parties that whichever side wins the federal election will face years of hard decisions if they carry through on promises to repair the budget.

Page 3: Australians born between the early 1980s to around 2000 work, on average, 41 hours a week compared with a global average for their age group of 45.1 hours.

Australian airline passengers are so keen to access Wi-Fi in flight that 70 per cent would be willing to pay for unlimited internet use.

Page 6: AGL Energy chief executive Andy Vesey has singled out the advance in battery storage as the factor that will ‘‘change the world’’ of energy investment over the next few years, with a significant impact on both businesses and individual consumers.

Page 15: Harvey Norman is facing increased competition on two fronts as global retailer Steinhoff International expands its Australian discount furniture and electricals chain POCO and JB Hi-Fi ramps up its home appliances business.

Page 28: Mirvac Group will no longer develop one of Perth’s biggest mixed-use projects within the Perth City Link precinct, after failing to reach agreement with the state government’s Metropolitan Redevelopment Authority.

 

 

The Australian

Page 1: The nation’s peak business groups will throw their weight behind Malcolm Turnbull’s economic agenda today by mobilising up to 300,000 employers to fight for policies that lift growth, reshaping an election contest dominated by Labor’s spending promises on health and education.

Page 5: Bureaucrats in charge of the $22 billion National Disability Insurance Scheme want to avoid creating documents referring to a secret cost-cutting committee to thwart Freedom of Information laws, flagging the problem at a meeting of its advisers last week.

Page 6: The Coalition has stumbled in its attack that claims Bill Shorten has a budget black hole of up to $67 billion while Labor is insisting the government is misrepresenting opposition policies.

Page 19: Iron ore prices are under pressure as more than 100 million tonnes of inventory pile up at Chinese ports, sending prices of the nation’s biggest export well below recently revised government forecasts and erasing much of the gains made this year.

Page 21: Morgan Stanley has slashed its profit forecasts for Qantas over the next two financial years as the tumbling price of international airfares continues to hurt airlines and travel agents.

Page 30: Australia has remained stable in tenth position in a global ranking of university systems illustrating the strength and health of the overall system.

 

 

The West Australian

Businesswoman and arts patron Janet Holmes a Court says the “very short-term thinking” of our politicians is why she does not love everything about living in WA.

Nationals WA leader Terry Redman has warned the pastoral industry not to repeat the mistakes of the past by rejecting new land use laws covering almost 90 per cent of the State.

Tony Abbott will lend his support to WA Liberals and may spend more time in the State than Malcolm Turnbull before the election.

A key piece of the Perth City Link could be little more than a patch of grass for years after the collapse of a major land sales deal.

Twitter said Tuesday it was easing its 140-character limit for tweets, allowing users to add links, attachments and some other features within the short messages.

Water Minister Mia Davies has attributed a big rise in households failing to pay their water bills to more frequent billing by the Water Corporation.

Coles found itself in an embarrassing slip up on where its home brand milk comes from just one day after it faced accusations it was failing to stock producer brands.

Wesfarmers has tapped the former Coca-Cola Amatil veteran who led the fight to save fruit packing and canning company SPC Ardmona as the chief of its industrial supplies business.

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