13/06/2017 - 06:41

Morning Headlines

13/06/2017 - 06:41

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House price hope

Perth’s property market has bottomed out, according to some of the industry’s biggest names, who are optimistic about a recovery over the next year. The West

 

Pilbara Minerals banks $US100m to help lithium project

Aspiring lithium miner Pilbara Minerals has squared away its $US100 million ($133 million) bond issue, representing the bulk of the funds required for its $234 million Pilgangoora project in the Pilbara. The West

 

BHP heads for Santiago showdown

Three current BHP Billiton directors – and possibly a single outsider whittled down from a long list of 1200 – will battle it out this week to replace outgoing chairman Jac Nasser, in a secret vote to decide who will lead the Australian mining giant. The Fin

 

Glencore may unite with rival Yancoal for Rio asset

The prospect of Glencore teaming up with rival Yancoal to buy Rio Tinto’s Hunter Valley coalmines is not being ruled out, with the Swiss-based group flagging it is likely to sell half of the operations if it’s successful. The Aus

 

Keeping Ten afloat relies on new deals

The fate of Network Ten rests on the renegotiation of its onerous content deals with US studios 21st Century Fox and CBS after it failed to secure the support of its three billionaire shareholders Lachlan Murdoch, Bruce Gordon and James Packer for a new $250 million loan. The Fin

 

Finkel fires Coalition coal battle

Liberal Party conservatives are demanding Malcolm Turnbull allow so-called clean coal to qualify as a low emissions fuel and be eligible for incentives if he wants party room support to implement a Clean Energy Target. The Fin

 

Turnbull calls on new citizens to be ‘patriots’

Malcolm Turnbull says aspiring citizens must look to become “Australian patriots” as he ramps up pressure on Bill Shorten to pass a tougher values-based citizenship test to be introduced this week. The Aus

 

Toll facing three-year turnaround: Mullen

The chairman of the Japan Postowned Toll Holdings says it will take three years to complete a turnaround of the embattled Australian logistics group, which he said had suffered from cultural and structural difficulties and a “lamentable’’ communication regime with its major shareholder. The Aus

 

Agency’s ‘hands tied’ on GST slice

The Commonwealth Grants Commission has argued its hands are tied by intergovernmental agreements and the Federal Treasurer when it comes to the annual carve-up of the GST. The West

 

The Australian Financial Review

Page 1: Liberal Party conservatives are demanding Malcolm Turnbull allow so-called clean coal to qualify as a low emissions fuel and be eligible for incentives if he wants party room support to implement a Clean Energy Target.

A fourth CPA Australia director has resigned from the board, citing the need for a complete review of the way the accounting body is led and the way it operates.

Three current BHP Billiton directors – and possibly a single outsider whittled down from a long list of 1200 – will battle it out this week to replace outgoing chairman Jac Nasser, in a secret vote to decide who will lead the Australian mining giant.

Page 3: Australia’s banks will be given one last chance to protest the imposition of the bank tax but it will be fruitless as Labor confirms it will pass the legislation through the Senate next week before Parliament rises for the winter break.

New KPMG role to test Paul Howes’ sales skills. Union leader turned KPMG partner Paul Howes will head a new customer and marketing consulting business at the big four firm, aimed at taking a bigger bite of an advisory market traditionally dominated by the advertising industry.

Page 5: Labor will try and water down key elements of the Turnbull government’s citizenship overhaul, as Immigration Minister Peter Dutton seeks new powers allowing him to veto decisions on who can become an Australian.

Page 11: The fate of Network Ten rests on the renegotiation of its onerous content deals with US studios 21st Century Fox and CBS after it failed to secure the support of its three billionaire shareholders Lachlan Murdoch, Bruce Gordon and James Packer for a new $250 million loan.

 

The Australian

Page 1: Malcolm Turnbull has moved to quell unrest over plans for a clean energy target by assuring Coalition MPs he will not slam the door on coal power, sending the signal to colleagues amid fears of an internal clash over climate change.

Page 3: Disgraced ex-Labor MP Craig Thomson will lose more than $100 a week from his modest income as a consultant after the Federal Court quarantined the money to pay his outstanding fine for misusing union funds.

Page 6: Malcolm Turnbull says aspiring citizens must look to become “Australian patriots” as he ramps up pressure on Bill Shorten to pass a tougher values-based citizenship test to be introduced this week.

Page 7: Crucial amendments to the Native Title Act — needed to secure the $16.5 billion Adani coal mine in Queensland’s Galilee Basin — are expected to pass the Senate today with Labor’s support, after a three month stand-off.

Page 8: Queensland Premier Annastacia Palaszczuk’s new hand-picked chief of staff, David Barbagallo, was at the helm of major disability charity Endeavour Foundation when it underpaid more than 1000 employees by nearly $4 million.

Page 17: The chairman of the Japan Postowned Toll Holdings says it will take three years to complete a turnaround of the embattled Australian logistics group, which he said had suffered from cultural and structural difficulties and a “lamentable’’ communication regime with its major shareholder.

Ardent Leisure’s new chief executive, Simon Kelly, will take an “unemotional and forensic look” at the company’s assets, which include Dreamworld, US Main Event Entertainment centres and its AMF bowling and game centres.

Page 18: The prospect of Glencore teaming up with rival Yancoal to buy Rio Tinto’s Hunter Valley coalmines is not being ruled out, with the Swiss-based group flagging it is likely to sell half of the operations if it’s successful.

Page 20: Stevedore Patrick will reap an extra $30 million a year from hefty new surcharges on containers that truckies warn are likely to be passed on to consumers, Credit Suisse analysts say.

 

The West Australian

Page 1: Perth’s property market has bottomed out, according to some of the industry’s biggest names, who are optimistic about a recovery over the next year.

Page 4: The Commonwealth Grants Commission has argued its hands are tied by intergovernmental agreements and the Federal Treasurer when it comes to the annual carve-up of the GST.

Page 7: Prime Minister Malcolm Turnbull says the Federal Government’s counterterrorism strategy is working to keep the country safe, as he calls on Labor to back changes to citizenship laws that will emphasise Australian values and English skills.

Lleyton Hewitt had always dreamt of gracing the MCG in Adelaide Crows colours, but plunging into a pool of icy water wasn’t what he had in mind.

Page 14: Unemployed miners are turning to Uber to make a living, a survey has revealed.

Page 16: Independent management experts will be called in to oversee cultural change at Princess Margaret Hospital in response to the damning findings of a recently released report into staff morale.

Page 18: Prospective engineering students could be offered places at a WA university months before they sit their final Year 12 exams.

Page 50: WA Rich List member Allen Caratti’s riverside Applecross mansion is up for sale as he fights a $175 million-plus battle with the Australian Taxation Office.

Aspiring lithium miner Pilbara Minerals has squared away its $US100 million ($133 million) bond issue, representing the bulk of the funds required for its $234 million Pilgangoora project in the Pilbara.

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