04/07/2016 - 06:21

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04/07/2016 - 06:21

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Kingmakers name their price

Malcolm Turnbull has opened talks with the new kingmakers in federal parliament to save his government after a savage swing against him in a federal election that has fuelled dissent over his leadership and thrown the nation into political turmoil. The Aus

Rough road ahead for investors – analysts

Investors should brace for a lower Australian dollar, falling stock prices and renewed speculation the Reserve Bank of Australia will once again be called upon to soothe jangled post-election nerves, analysts said. The Fin

Timid PM ‘failed to counter Mediscare’

Disappointed business leaders criticised Prime Minister Malcolm Turnbull for not doing more to dispel Labor’s Medicare scare campaign and said a hung parliament would hurt the economy and make governing difficult. The Fin

Small firms emerge as likely winner

Small business emerged as one of the few likely winners from a cliff-hanger election in which important economic policies hang on the outcome of thousands of postal and early votes in a few key seats. The Fin

I can be new Thatcher, says Leadsom

British Energy Minister Andrea Leadsom says she aspires to emulate Margaret Thatcher’s leadership abilities by combining toughness with personal warmth. The Fin

New Rio boss signals end of iron ore wars

Rio Tinto’s new chief executive, Jean-Sebastien Jacques, has signalled the era of accelerated iron ore production is over as the world’s second-largest exporter becomes less concerned about chasing market share at a time when Chinese attempts to remove overcapacity from domestic steel making may take longer than expected. The Fin

Goldman says iron ore imports into China to fall off

Goldman Sachs is forecasting that steel consumption in China will shrink again from next year after a brief respite in 2016, and the nation’s iron ore imports will eventually start to decline too as policy makers shift the economy away from investment. The Fin

Cattle prices help CPC beef up its revenues

Booming cattle prices, a range of self-help initiatives and a focus on cash generation have helped the nation’s largest privately owned beef producer, the Consolidated Pastoral Company, post one of its strongest annual profit results. The Aus

Result is a good omen for State poll: McGowan

WA Labor was all smiles yesterday despite securing just four — perhaps five — of WA’s 16 Lower House seats, proclaiming the results contained enough to inspire confidence about the future. The West

Barnett takes strength from numbers

Colin Barnett yesterday declared that Labor’s “patronising” attempt to draw him into the Federal campaign with advertisements merging his face and Malcolm Turnbull’s had backfired. The West

 

 

The Australian Financial Review

Page 1: Investors should brace for a lower Australian dollar, falling stock prices and renewed speculation the Reserve Bank of Australia will once again be called upon to soothe jangled post-election nerves, analysts said.

Page 5: Disappointed business leaders criticised Prime Minister Malcolm Turnbull for not doing more to dispel Labor’s Medicare scare campaign and said a hung parliament would hurt the economy and make governing difficult.

Page 8: Malcolm Turnbull’s parliamentary supporters will resist a push by disgruntled conservative backbenchers to dump the Coalition’s $500,000 lifetime contribution cap and the $25,000-a-year pre-tax contribution limit, arguing voter fury is over-hyped.

Page 9: Small business emerged as one of the few likely winners from a cliff-hanger election in which important economic policies hang on the outcome of thousands of postal and early votes in a few key seats.

Page 18: British Energy Minister Andrea Leadsom says she aspires to emulate Margaret Thatcher’s leadership abilities by combining toughness with personal warmth.

Page 20: Australia’s education system has built in ‘‘irrational’’ incentives that reward students for not excelling in maths and science, chief scientist Alan Finkel will tell the Australian Science Teachers Association national conference on Monday.

Page 21: Rio Tinto’s new chief executive, Jean-Sebastien Jacques, has signalled the era of accelerated iron ore production is over as the world’s second-largest exporter becomes less concerned about chasing market share at a time when Chinese attempts to remove overcapacity from domestic steel making may take longer than expected.

Page 23: McAleese investors are plotting an alternative restructuring proposal that could leave up to 20 per cent of the transport group’s equity with existing shareholders after teaming up to demand a new board.

The laggard refrigerated storage and transport business owned by Australia’s largest car dealership company, Automotive Holdings Group, is midway through a restructuring to try to lift its performance, but the company won’t say if it is positioning the division for a $250 million sell-off.

Page 25: Goldman Sachs is forecasting that steel consumption in China will shrink again from next year after a brief respite in 2016, and the nation’s iron ore imports will eventually start to decline too as policy makers shift the economy away from investment.

Page 26: Dalton Street Capital wants to prove to local investors that quantitative factors and analysis can deliver better returns than relying on traditional investment research and stock-picking.

Page 28: Retail investors used the savage Brexit sell-off as a buying opportunity, snapping up ‘‘oversold’’ assets including the ASX and the British pound, according to data from two of Australia’s biggest exchange-traded funds providers.

The pound will fall even further than its three-decade low reached in the immediate aftermath of the Brexit vote, according to almost all the analysts who’ve changed their forecasts since the referendum.

Page 29: Investors in Santos have been through the wringer since the heady days of the $15-plus share price in September 2014, but a new chief executive is now in control at the indebted oil and gas producer and is promising to put things back on track.

Page 37: Online employment and education business SEEK has taken a minority stake in Melbourne start-up Sidekicker, an online marketplace that allows employers to quickly find and hire temporary staff to meet their demands.

WIN Corporation and Prime Media have come to an agreement with Nine Entertainment to end the blackout of the metropolitan network’s content in regional Western Australia.

 

 

The Australian

Page 1: Malcolm Turnbull has opened talks with the new kingmakers in federal parliament to save his government after a savage swing against him in a federal election that has fuelled dissent over his leadership and thrown the nation into political turmoil.

Page 3: Scott Morrison is under pressure from conservatives within the Coalition to roll back the budget changes to superannuation taxation, with former minister Eric Abetz claiming they contributed to the loss of three Coalition seats in Tasmania.

Page 15: Theresa May is racing towards victory, with most Conservatives backing her to replace Britain’s Prime Minister David Cameron, polling has revealed.

Page 22: Booming cattle prices, a range of self-help initiatives and a focus on cash generation have helped the nation’s largest privately owned beef producer, the Consolidated Pastoral Company, post one of its strongest annual profit results.

Arrium’s lenders are believed to be testing the market for a potential sell-down of their exposure, sources were reporting late last week.

Page 23: Warrnambool Cheese and Butter will remain listed on the Australian Securities Exchange after Canadian dairy giant Saputo failed to lift its stake in the company above 90 per cent in a $142 million capital raising.

Page 24: Robo-advice start-ups are looking to use technology to drive massive expansion in the financial advice market, rather than to simply disrupt it.

Shareholders of the London Stock Exchange are set to approve its £21 billion ($37bn) merger with Deutsche Borse this week — despite growing fears that the deal could be blocked by German regulators.

Page 26: The US is exporting record volumes of propane, another way in which the shale boom has made the nation a more dominant force in the global energy trade.

Murray Energy, the largest privately-held coal miner in the US, has warned that it may soon undertake one of the biggest layoffs in the sector during this time of low energy prices.

Page 28: Foxtel and Seven West Media are considering strategic options for their streaming service Presto as it comes under extreme pressure in its war against US giant Netflix and the Nine Entertainment and Fairfax Media joint venture, Stan.

 

 

The West Australian

Page 4: Colin Barnett yesterday declared that Labor’s “patronising” attempt to draw him into the Federal campaign with advertisements merging his face and Malcolm Turnbull’s had backfired.

The WA Nationals have been beaten by Labor in the bush and are behind One Nation in the Senate count, in a challenge to the party’s claim to be the strongest advocate for the regions.

Page 5: WA Labor was all smiles yesterday despite securing just four — perhaps five — of WA’s 16 Lower House seats, proclaiming the results contained enough to inspire confidence about the future.

Page 16: There are renewed hopes for the Perth-developed Shark Shield device to keep swimmers safe after an independent university test revealed it repelled sharks by an average 1.3m.

Page 64: The British Government may have to look as far afield as India and the US to find the legion of negotiators it needs for post-Brexit trade talks as the civil service faces its greatest manpower crisis since World War II, experts have warned.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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