19/12/2016 - 06:23

Morning Headlines

19/12/2016 - 06:23

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Morning Headlines

Festive cyclone threat for miners and LNG producers

Blame game begins over AAA

Goyder challenges pokie industry with $1 bet limit

Anti-mining tax campaign begins to bite

Lenders see calm return to loans

Uber fires another shot at taxi market with service for disabled

Donald Trump attacked bribe law hanging over Rio Tinto

 

 

 

Festive cyclone threat for miners and LNG producers

Iron ore miners and LNG producers working in Australia’s north-west will be closely watching the weather forecasts this week, after receiving news a cyclone may blow through the region shortly before Christmas. The Fin

Blame game begins over AAA

Scott Morrison has lashed out at the ‘‘air of unreality’’ among Labor and Senate crossbenchers over the scale of the nation’s worsening budget problems, which could result in him becoming the first Liberal treasurer in history to oversee the loss of the top-notch AAA rating. The Fin

Goyder challenges pokie industry with $1 bet limit

Wesfarmers is set to turn the powerful poker machine industry and lobby group on its head with revelations it has split with the industry and wants to introduce a $1 maximum limit per bet on its poker machines.

Anti-mining tax campaign begins to bite

Support for a new tax on iron ore has fallen sharply in Western Australia following the first month of a campaign being waged by the minerals sector. The Fin

Lenders see calm return to loans

Mid-tier banks say the home loan market is behaving more rationally after the majors ceased extreme discounting. The Aus

Uber fires another shot at taxi market with service for disabled

Wheelchair users will be able to roll directly into an Uber car for the first time as the group steps up competition with the taxi industry by broadening the range of services it offers people with disabilities. The Fin

Donald Trump attacked bribe law hanging over Rio Tinto

The strict anti-bribery law that United States authorities could apply against resources giant Rio Tinto was once attacked by Donald Trump as a ‘‘horrible’’ rule that ‘‘should be changed’’. The Fin

 

 

The Australian Financial Review

Page 1: Scott Morrison has lashed out at the ‘‘air of unreality’’ among Labor and Senate crossbenchers over the scale of the nation’s worsening budget problems, which could result in him becoming the first Liberal treasurer in history to oversee the loss of the top-notch AAA rating.

Wesfarmers is set to turn the powerful poker machine industry and lobby group on its head with revelations it has split with the industry and wants to introduce a $1 maximum limit per bet on its poker machines.

Page 2: Experts say the definition in super law of a dependent to whom a super inheritance can be paid is too broad and is inconsistent with family and estate laws.

Page 3: Banks would have to give small business customers at least three months’ notice if there is any prospect that their loan will not be renewed, the Carnell inquiry will recommend.

Page 4: Iron ore miners and LNG producers working in Australia’s north-west will be closely watching the weather forecasts this week, after receiving news a cyclone may blow through the region shortly before Christmas.

Page 5: A protest vote against the Western Australian Liberal-National government to Pauline Hanson’s One Nation party could end up delivering premier Colin Barnett a third term in office, according to political analysts.

Support for a new tax on iron ore has fallen sharply in Western Australia following the first month of a campaign being waged by the minerals sector.

Page 6: Wheelchair users will be able to roll directly into an Uber car for the first time as the group steps up competition with the taxi industry by broadening the range of services it offers people with disabilities.

Page 9: The strict anti-bribery law that United States authorities could apply against resources giant Rio Tinto was once attacked by Donald Trump as a ‘‘horrible’’ rule that ‘‘should be changed’’.

Page 13: Annual maintenance expenditure in Australia’s resources industry is forecast to swell to $10 billion within five years, according to research group BIS Shrapnel. It describes the surge in spending as ‘‘the next mining boom’’.

Page 22: Crispin Murray’s darlings for investors in 2017 The Australian equity market will survive the next year largely intact because although earnings growth will be no more than 5 per cent for most stocks, interest rates will not rise.

 

 

The Australian

Budget deficits will deepen over the next four years in a hit that could push back the goal of a surplus by 2021.

An ex-Seven employee claims she was paid to remain silent after affair with the company’s now CEO Tim Worner.

Mid-tier banks say the home loan market is behaving more rationally after the majors ceased extreme discounting.

The Coalition government is being urged to prioritise an ­increase in private and public ­investment.

Chinese real estate billionaire Chau Chak Wing has launched legal action against Fairfax Media.

Crown Resorts plans to maintain a material investment in Melco Crown as Macau’s casino revenues are tipped to rise.

Former senior Telstra executive Kate McKenzie has been appointed CEO of New Zealand telco Chorus.

Retailers estimate $47bn will have been spent across the country in the six-week lead-up to Christmas Day.

StubHub plans to take over the eBay ticketing category in Australia.

Andy Penn has hit out at the ACCC’s inquiry into whether the local mobile phone network should be open to all carriers.

 

 

The West Australian

Rising financial stress in Perth’s affluent western suburbs is adding another worrying element to the State’s economic downturn.

One of the country’s most prominent IT executives has slammed the State Government’s $3 billion GovNext ICT plan, calling it “bewildering” and claiming the taxpayer is being dudded out of hundreds of millions of dollars in potential savings.

Protesters have vowed not to give up their Save The Beeliar Wetlands fight despite the High Court appeal against the Roe 8 project having failed.

WA’s new, privately operated women’s prison has been officially opened in Perth’s southern suburbs.

Malcolm Turnbull has been warned his open support for a republic will drive people out of the Liberal Party and into the arms of minor parties or the ALP.

Malcolm Turnbull is urging West Australians to use their vote in the WA election to strike down Brendon Grylls’ “discriminatory” mining tax.

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