31/01/2017 - 06:48

Morning Headlines

31/01/2017 - 06:48

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Morning Headlines

PM pushes Senate to pass tax cuts

The Turnbull government will put its company tax cuts to a Senate vote by the end of March in the hope that plans by the US and Britain to cut their tax rates, and the state of the budget, will force a last-minute rethink among the Senate crossbench. The Fin

 

KPMG chief warns border tax could spark recession

The Trump administration’s plan to introduce a ‘flexible’ border adjustment targeting Mexico, China and Germany could trigger a global recession, a KPMG expert has warned. The Fin

 

AMP lays out rescue plan to boost cashflow

AMP will aggressively pursue corporate superannuation mandates and target retirement savers looking to beat the changes to super contribution caps as part of a plan to boost cashflow at the struggling group and return it to growth. The Fin

 

Deadly attack on Quebec mosque hours after Trudeau’s sanctuary offer

A deadly terrorist attack on Muslims praying at a mosque in Quebec City, which reportedly involved a university student of Moroccan descent, shocked Canada only hours after its Prime Minister tweeted a statement praising the country’s diversity. The Aus

 

Apprentices carry $250m debt in unpaid trade loans

Fewer than one in 20 apprentices who borrowed money through the government’s Trade Support Loan program have begun making repayments on more than $250 million owed under the scheme. The Aus

 

Carlyle’s finally down to Bis in the local market

The Australian market is one the Carlyle Group has been trying to wade into more deeply for some time, and now it appears to have secured a stronghold in one of the country’s largest mining services providers, Bis Industries. The Aus

 

Shock Labor poll

The Liberal Party would be annihilated in a crucial northern suburbs seat, with Labor internal polling showing an almost 20 per cent swing against sitting MP Jan Norberger. The West

 

WA Labor in ‘misleading’ money grab

The Liberal Party has accused WA Labor of trying to bully big business into donating money ahead of the March state election. The West

 

ICWA hits Woodings with Bell court call

The Insurance Commission of WA has launched a take-no-prisoners approach to the $1.8 billion Bell Group battle, calling for a Supreme Court probe into liquidator Tony Woodings' actions over a 28-year old alleged debt. The West

 

The Australian Financial Review

Page 1: The Turnbull government will put its company tax cuts to a Senate vote by the end of March in the hope that plans by the US and Britain to cut their tax rates, and the state of the budget, will force a last-minute rethink among the Senate crossbench.

Insurer QBE has denied it is in takeover talks with German giant Allianz, after a dramatic day sparked by a press report suggesting Allianz had made an informal approach that valued QBE at $20 billion.

Page 2: Apple Australia has revealed a $58 million tax bill for prior years while confirming an ongoing audit by the Australian Tax Office that has the potential to rewrite its earnings since 2012.

Page 3: The Turnbull government has pointedly declined to join others in criticising Donald Trump’s ban on Muslim immigrants and concerns any public outburst could jeopardise the US President’s support for the deal to accept refugees from Nauru and Manus Island.

Page 4: Prime Minister Malcolm Turnbull says the Coalition had no plans to modify or scrap the Renewable Energy Target, despite a push by some big industry players and restless backbenchers, including former prime minister Tony Abbott.

Page 7: The Trump administration’s plan to introduce a ‘flexible’ border adjustment targeting Mexico, China and Germany could trigger a global recession, a KPMG expert has warned.

Page 8: Two fiercely intelligent legal minds were celebrated on Monday as the nation’s first female chief justice to sit on the High Court in its more than 100-year history, Susan Kiefel, and newest member James Edelman were sworn in.

Page 9: NSW Premier Gladys Berejiklian had some of the best advisers, UBS and Deutsche Bank, last year telling her how to run the NSW electricity privatisations but market watchers are struggling to understand an unusual call she made in the final act of the sale of Ausgrid.

Page 13: AMP will aggressively pursue corporate superannuation mandates and target retirement savers looking to beat the changes to super contribution caps as part of a plan to boost cashflow at the struggling group and return it to growth.

 

The Australian

Page 1: A deadly terrorist attack on Muslims praying at a mosque in Quebec City, which reportedly involved a university student of Moroccan descent, shocked Canada only hours after its Prime Minister tweeted a statement praising the country’s diversity.

Australians are resentful of a culture of political correctness preventing people expressing opinions on sensitive issues, says the chairman leading the parliamentary inquiry into freedom of speech, as a new poll reveals increasing support to remove the words ‘insult’ and ‘offend’ from controversial section 18C of the Racial Discrimination Act.

Page 2: Fewer than one in 20 apprentices who borrowed money through the government’s Trade Support Loan program have begun making repayments on more than $250 million owed under the scheme.

Page 3: A senior lecturer at the Australiasian College for Emergency Medicine has hit back at claims of systemic racial bias at the school, saying many of those foreign-trained doctors who failed its key exam to become emergency specialists were under-skilled.

Page 4: Malcolm Turnbull is under fire for refusing to take a position on Donald Trump’s immigration ban amid a dispute over Muslim migrants that is pitting government backbenchers against each other.

Page 6: Victoria’s chief commissioner of police has blamed past failings on a lack of government funding, saying less than two months ago the force did not have the equipment or education to ‘get the job done’.

Page 18: A $20 billion bid for Australian insurance giant GBE reportedly being considered by the world’s biggest insurer Allianz has intensified speculation that several global heavyweights are stalking the resurgent local insurer.

Local technology market favourite Aconex has blamed global volatility in the wake of Donald Trump’s ascent to the White House and Brexit for a shock earnings downgrade that sent the company’s share price into a tailspin.

Page 19: The Australian market is one the Carlyle Group has been trying to wade into more deeply for some time, and now it appears to have secured a stronghold in one of the country’s largest mining services providers, Bis Industries.

 

The West Australian

Page 1: The Liberal Party would be annihilated in a crucial northern suburbs seat, with Labor internal polling showing an almost 20 per cent swing against sitting MP Jan Norberger.

Page 3: WA’s economic downturn is biting hard among household electricity users, with more than one in 10 customers needing more time to pay their bills.

Page 4: Interest paid to service WA’s ballooning debt is the fastest growing expense in the state budget, prompting Opposition claims of financial mismanagement.

Page 5: The Liberal Party has accused WA Labor of trying to bully big business into donating money ahead of the March state election.

Page 6: The Aldi juggernaut is continuing in WA, with the German supermarket chain to open 14 stores this year, creating 350 jobs and taking its total number of stores to 33.

A prodigious WA legal talent with ‘a beautiful mind’ yesterday joined the judiciary of Australia’s most influential court.

Page 18: Bill Shorten will today make a pitch for blue-collar votes, vowing that apprentices will make up 10 per cent of the workforce for Commonwealth-funded infrastructure and defence projects under a future Labor government.

Page 44: The Insurance Commission of WA has launched a take-no-prisoners approach to the $1.8 billion Bell Group battle, calling for a Supreme Court probe into liquidator Tony Woodings' actions over a 28-year old alleged debt.

Queensland investor Michael Langford has become embroiled in its second shareholder tilt at a listed lithium developer since June, this time spearheading a board spill at Subiaco-based Birimian.

Page 45: Cleaning and catering group Spotless plans to vigorously defend any allegations it misled investors about its 2015 financial results.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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