13/07/2017 - 06:45

Morning Headlines

13/07/2017 - 06:45

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Business backs WA GST push

The nation’s biggest businesses have thrown their support behind an overhaul of the GST, saying the system is holding back the national economy and hurting States such as WA. The West

 

Brierty secures debt after going back to work

Under-siege contractor Brierty has slipped the hangman, announcing last night that it had been cleared to restart mining on a Rio Tinto site — a move that allows the Dalton Gooding-chaired company to get access a crucial debt facility. The West

 

Militant super union a step closer

The Construction, Forestry, Mining and Energy Union and the Maritime Union of Australia have made their first official moves to form a new militant ‘‘super’’ union, prompting the resources industry to call on the government to urgently introduce new laws to restrict the merger. The Fin

 

Property price growth set to halve

The nation’s leading property insiders are predicting residential and commercial real estate growth to halve in the next 12 months as more evidence emerges of a cooling property market following tighter investor lending and more supply hitting the market as sellers try to time their exit. The Fin

 

Vocus focus shifts to founder Spenceley

Vocus Group’s institutional shareholders are pinning their hopes on exiled founder James Spenceley to turbocharge the auction for the embattled telco by bringing together a higher bid for the company. The Fin

 

Voters divided over economy

There’s a deep political divide over views on the economy, with a large majority of Coalition voters optimistic about the economic outlook, while Labor and, particularly, Greens voters are deeply pessimistic. The Aus

 

$100m asthma spend backs hi-tech

Pharmaceutical giant AstraZeneca has backed hi-tech Australian innovation with a $100 million investment at its Sydney site that will boost exports of its asthma product to more than $2.4 billion. The Aus

 

Founders of Grill’d end legal bunfight

The legal battle between the two founders of the Grill’d healthy hamburger chain has been quietly resolved in a confidential settlement deal, which has resulted in major shareholder Simon Crowe taking full control of the company. The Aus

 

Cuts fear as family strife soars

The State Government is being urged to avoid cuts to family violence services at Perth courts as domestic assault rates across WA reach record levels. The West

 

The Australian Financial Review

Page 1: The nation’s leading property insiders are predicting residential and commercial real estate growth to halve in the next 12 months as more evidence emerges of a cooling property market following tighter investor lending and more supply hitting the market as sellers try to time their exit.

Page 3: The Construction, Forestry, Mining and Energy Union and the Maritime Union of Australia have made their first official moves to form a new militant ‘‘super’’ union, prompting the resources industry to call on the government to urgently introduce new laws to restrict the merger.

Seven Network has engaged in a ‘‘brutal, unnecessary, protracted legal process’’ against former executive assistant Amber Harrison and she should not have to pay its legal costs, a court has heard.

Page 6: There are more homes for sale in Melbourne and Sydney than at any time over the past two years, with many owners trying to sell ahead of an expected slowdown in price growth.

Page 13: China’s biggest coal producer has not given up hope of building a thermal coal mine in the Liverpool Plains region of NSW, despite selling more than half its exploration licence back to the state government.

One of the men who sold Camperdown Powder to Bellamy’s Australia expects Chinese authorities will quickly reinstate an import licence for the canning facility, which was suspended just days after Bellamy’s finalised its purchase of the business.

Chris Cuffe says Australian equity fund managers are better placed to outperform than their international peers, making a strong case for local active managers as he prepares to close his Third Link Growth Fund.

Page 15: Vocus Group’s institutional shareholders are pinning their hopes on exiled founder James Spenceley to turbocharge the auction for the embattled telco by bringing together a higher bid for the company.

 

The Australian

Page 1: The Turnbull government will demand that Victoria and the Northern Territory lift their bans on onshore gas development at a crucial meeting of the nation’s energy ministers tomorrow.

Page 2: There’s a deep political divide over views on the economy, with a large majority of Coalition voters optimistic about the economic outlook, while Labor and, particularly, Greens voters are deeply pessimistic.

An extraordinary gambit by the NSW government to pay Chinese state-owned coalminer Shenhua $262 million in exchange for it exploiting “only the ridges” of rich agricultural land has been branded a sham by farmers and ridiculed as “unjustifiable corporate welfare” by the state opposition.

Page 3: Ten Crown Resort employees, including Australians Jane Pan Dan and Jerry Xuan, were released from detention centres in Shanghai yesterday after completing their nine-month sentences for promoting gambling.

Page 17: The nation’s chief financial officers have flagged a fresh spurt of confidence, in defiance of global uncertainty and domestic political inertia, with their outlook buoyed by low interest rates, the softer dollar and improved demand in Asia for Australian exports.

Pharmaceutical giant AstraZeneca has backed hi-tech Australian innovation with a $100 million investment at its Sydney site that will boost exports of its asthma product to more than $2.4 billion.

Page 19: The legal battle between the two founders of the Grill’d healthy hamburger chain has been quietly resolved in a confidential settlement deal, which has resulted in major shareholder Simon Crowe taking full control of the company.

 

The West Australian

Page 3: The State Government is being urged to avoid cuts to family violence services at Perth courts as domestic assault rates across WA reach record levels.

Page 4: The executive director of Princess Margaret Hospital has resigned, the second senior health chief to quit after a damning report on the hospital.

Page 5: The nation’s biggest businesses have thrown their support behind an overhaul of the GST, saying the system is holding back the national economy and hurting States such as WA.

Page 10: Construction unionist Brad Upton was said to be ropeable over mass union resignations when he attended a meeting at which he is accused of abusing and threatening non-union workers on the Gorgon project.

Police have accused the State Government of misleading the public by labelling WA officers the highest paid in the country.

Page 11: WA supermarkets have slashed egg prices by as much as 20 per cent in the latest skirmish in the grocery price war.

Page 13: A website set up by the State Liberal Opposition this week to encourage whistleblowers to provide dirt on the McGowan Government has already been overhauled after concerns it offered no security and was prompting public servants to break the law.

An AFL great has been dragged into the scandal surrounding the former lover of Seven boss Tim Worner.

Page 45: Kidman Resources managing director Martin Donohue has dismissed the negative share price reaction to the company’s deal with Chilean chemicals giant SQM over its Mt Holland lithium project near Southern Cross.

Under-siege contractor Brierty has slipped the hangman, announcing last night that it had been cleared to restart mining on a Rio Tinto site — a move that allows the Dalton Gooding-chaired company to get access a crucial debt facility.

Kleenheat has ramped up the gas price war in a renewed bid to lure tens of thousands of WA households who are said to be forgoing combined annual savings of more $70 million.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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