24/05/2017 - 06:45

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24/05/2017 - 06:45

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School groundswell grows

The fight to stop Perth Modern School being relocated to a high-rise building in Northbridge was stepped up yesterday when a 6000-signature petition was delivered to Parliament. The West

 

World Cup boost for WA tourism

The Rugby League World Cup will showcase WA and bring a big financial injection to the economy when England set up camp in Perth as part of their campaign, according to the State Government. The West

 

Rio closing on major iron ore mine sign-off

The Rio Tinto board could approve a new $US2.2 billion iron ore mine in Western Australian within 12 months as part its plan to hit and maintain a long-held 360 million-tonnes-a-year production target. The Fin

 

Smashed Quintis talks to bidders as it extends trading halt

Sandalwood grower Quintis is in play, with the board talking to several potential bidders circling the besieged company. The West

 

Cynical ALP puts budget in jeopardy

The federal government’s budget is threatening to unravel with key measures, including school and disability funding policies designed to try to shut down Labor, facing an uncertain fate in the Senate. The Fin

 

$10b rail fund may hurt push for ‘good debt’

The nation’s top infrastructure chief has admitted the Commonwealth’s $10billion rail-building plan – which is money that will need to be borrowed – will mainly be handed to states as cash grants, undermining the Turnbull government’s strategy of avoiding ‘‘bad debt’’ that threatens the AAA rating. The Fin

 

Labor offered Adani royalty deal in March

Queensland’s Labor government is reneging on royalty concessions it formally offered Indian miner Adani two months ago for its $16.5 billion central Queensland Carmichael coal mine. The Aus

 

Fears over home loans scrutiny

The prudential regulator has rapped the banking sector for lacking adequate technology to monitor home loans, as it caved in to demands from lenders that it delay new rules requiring banks to hand over more detailed information about the financial health of borrowers. The Aus

 

Miners on edge as struggling Noble falls deeper into junk zone

The turmoil surrounding one of the world’s largest commodity traders has intensified, with several locally listed companies likely to be sweating on the fate of the group. The Aus

  

The Australian Financial Review 

Page 1: The federal government’s budget is threatening to unravel with key measures, including school and disability funding policies designed to try to shut down Labor, facing an uncertain fate in the Senate.

S&P Global has warned that any watering down of the federal government’s ‘‘implicit’’ promise to use taxpayer funds to bail out bondholders of a failed big four bank could undermine the banks’ AA credit rating.

Page 3: Former Seven West Media executive assistant Amber Harrison is fighting to have a website that has published confidential legal advice about her case taken down.

Page 4: State governments are the biggest obstacle to needy schools getting adequate funding because most states have reduced what they spend on public schools to a level well below that recommended by the Gonski review.

Page 6: The nation’s top infrastructure chief has admitted the Commonwealth’s $10billion rail-building plan – which is money that will need to be borrowed – will mainly be handed to states as cash grants, undermining the Turnbull government’s strategy of avoiding ‘‘bad debt’’ that threatens the AAA rating.

Page 13: Woodside Petroleum has taken what is being described as an ‘‘economically sensible’’ decision to rule out building new LNG projects for at least 10 years as it focuses on lower cost ways of bringing new gasfields to market.

Page 15: The Rio Tinto board could approve a new $US2.2 billion iron ore mine in Western Australian within 12 months as part its plan to hit and maintain a long-held 360 million-tonnes-a-year production target.

 

The Australian 

Page 8: Queensland’s Labor government is reneging on royalty concessions it formally offered Indian miner Adani two months ago for its $16.5 billion central Queensland Carmichael coalmine.

Page 9: Former One Nation candidate Lynette Keehn’s failed run for office at last year’s federal election has left her heavily indebted and jobless without any hope of clawing back funds from Pauline Hanson’s party.

Page 10: Scott Morrison is fighting off claims he will need to expand his controversial bank levy as analysts warn of a revenue shortfall that could force the major banks to pay a higher rate to hit the government’s $6.2 billion target.

Page 11: Victorian taxi drivers have lost homes and life savings and been driven to suicide as the value of licences for which they paid hundreds of thousands of dollars have been reduced to virtually nil by ride-sharing services, said former premier Jeff Kennett.

Page 19: The prudential regulator has rapped the banking sector for lacking adequate technology to monitor home loans, as it caved in to demands from lenders that it delay new rules requiring banks to hand over more detailed information about the financial health of borrowers.

The turmoil surrounding one of the world’s largest commodity traders has intensified, with several locally listed companies likely to be sweating on the fate of the group.

Page 22: A private equity takeover of Vocus Group would probably see the telco carved up, with the noncore assets sold to the highest bidder, Credit Suisse analysts say.

  

The West Australian 

Page 16: The McGowan Government is days away from overturning the ban on the “cage” in mixed martial arts, paving the way for Perth’s first UFC event.

The fight to stop Perth Modern School being relocated to a high-rise building in Northbridge was stepped up yesterday when a 6000-signature petition was delivered to Parliament.

Page 17: The Federal Government has turned to accounting measures to defend its estimates on how much a new tax on banks will raise as it comes under pressure to increase the levy even before it is put in place.

Page 19: West Australians are more likely to experience housing stress than people in other States, a report says.

Page 20: The Rugby League World Cup will showcase WA and bring a big financial injection to the economy when England set up camp in Perth as part of their campaign, according to the State Government.

Page 33: Companies linked to Monacobased former coal mogul Ric Stowe have put receivers into his former Joanna Plains cattle property in a bid to recover upwards of $17 million.

Sandalwood grower Quintis is in play, with the board talking to several potential bidders circling the besieged company.

Page 71: Woodside Petroleum has laid out a plan to generate $US4.5 billion cash in the next four years while readying greenfields oil and gas projects for the longer term.

Page 74: The owners of Bishops See, the 10-storey office building at 235 St Georges Terrace, have scored a Perth office leasing coup — striking a deal to re-sign bluechip, top-tier tenant KPMG for another decade.

The City of Canning will today appeal to its stakeholders, including the State Government, for backing for a radical $70 million plan to revitalise its city centre.

 

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