ASX stocks tipped to lag world
Australia’s top international fund managers are convinced global stocks will outpace Australian shares because of the weak economy and falling dollar. The Fin
Petrol plunge could hit 85¢
Petrol could plunge to as low as 85¢ a litre, according to one WA motoring body, as the main global oil benchmark price drops below $US50 a barrel. The West
CBH director hurt by dirty tricks campaign
Elections for places on the board of Australia’s biggest farming cooperative have turned ugly, with a sitting director the target of a damaging letter sent directly to grower members. The West
Rio sees uranium ‘opportunity’ in India
Rio Tinto has shown interest in selling Australian uranium to India in coming years, but it remains to be seen whether the company will still be producing the nuclear fuel in Australia by then. The Fin
Apache gas deal put to test by ACCC
The competition regulator has opened an investigation into Woodside Petroleum’s $US2.75 billion ($3.36bn) deal to buy Apache Corporation’s stake in the Wheatstone LNG plant and other assets, homing in on the effects of the deal on competition in domestic gas markets. The Aus
Cricket first for Apple TV
Cricket Australia has struck a deal with technology giant Apple to become the first Australian sport on the fast-growing Apple TV platform. The Fin
Pipeline sale an option for Santos
Battered energy company Santos says it is closely investigating the sale of the Gladstone LNG pipeline in the wake of a $US5 billion ($6.1bn) rival pipeline sale, as it gets in shape to weather a year of $US50 oil and tries to avoid an equity raising. The Aus
The Australian Financial Review
Page 1: Australia’s top international fund managers are convinced global stocks will outpace Australian shares because of the weak economy and falling dollar.
Page 3: Cricket Australia has struck a deal with technology giant Apple to become the first Australian sport on the fast-growing Apple TV platform.
Page 4: GPs are warning patients can expect to pay up to $20 more in out-of-pocket costs for an average visit from Monday, when little-known changes to Medicare rebates will come into force.
Page 5: The Australian Taxation Office wants to charge tax on almost $1.2 million in income earned by former BHP Billiton chairman Don Argus’s self-managed superannuation fund.
Page 11: Santos chief executive David Knox has signalled that asset sales are under active consideration as the oil and gas producer deals with the hit to its business from the slumping oil price, with transactions likely to provide better results than some in the market expect.
Chinese buyers are running the ruler over potential Australian food, dairy and real estate acquisitions, which should see the agribusiness and property sectors fill the mergers void left by falling activity in the resources sector.
Page 13: 2015 dividends set to be slashed Investors in Woodside Petroleum should be braced for a steep cut in their dividends for the 2015 financial year, with analysts warning next month’s payout is set to be the last of the good times until oil prices recover.
Brazilian miner Vale, the world’s largest exporter of iron ore, has usurped Rio Tinto and BHP Billiton to become the lowest-cost producer as a slump in the price of oil cuts shipping costs, according to broker Sanford C. Bernstein.
Page 14: Rio Tinto has shown interest in selling Australian uranium to India in coming years, but it remains to be seen whether the company will still be producing the nuclear fuel in Australia by then.
Page 18: Companies involved in Australia’s biggest supply chains, including Woolworths and Wesfarmers, are poised to benefit from the falling oil price if transport companies such as Toll Holdings pass on fuel savings, analysts say.
The Australian
Page 1: Plunging prices for liquid natural gas are dashing state and federal expectations of a revenue bonanza from the country’s massive new gas projects, with at least $2 billion being stripped from tax and royalty forecasts.
Page 2: The decline of mining in Queensland and Western Australia has led to some of the biggest property price falls in a generation, with figures revealing money was lost on nearly 38 per cent of homes sold in Mackay in the September quarter.
A “tax on international romance” that charges citizens almost $7000 to bring foreign spouses to Australia has been criticised by migration agents, who warn that new government fees are unfair and discriminatory.
Page 3: Students are enrolling in university degrees without knowing how much they will pay to complete their studies, amid ongoing uncertainty over a proposed shake-up of the higher education sector.
Page 17: Battered energy company Santos says it is closely investigating the sale of the Gladstone LNG pipeline in the wake of a $US5 billion ($6.1bn) rival pipeline sale, as it gets in shape to weather a year of $US50 oil and tries to avoid an equity raising.
Qantas faces a crucial industrial relations test next month when Transport Workers Union members vote on a proposed enterprise bargaining agreement.
Page 18: US aluminium giant Alcoa has returned to profit, boosting the shares of its junior Australian partner, Alumina.
Page 19: The competition regulator has opened an investigation into Woodside Petroleum’s $US2.75 billion ($3.36bn) deal to buy Apache Corporation’s stake in the Wheatstone LNG plant and other assets, homing in on the effects of the deal on competition in domestic gas markets.
The West Australian
Page 1: Petrol could plunge to as low as 85¢ a litre, according to one WA motoring body, as the main global oil benchmark price drops below $US50 a barrel.
Page 3: Fewer jobs, slowing population growth and a flood of new apartment developments have sent Perth’s rents lower, with the inner-city and western suburbs among the hardest hit.
Page 5: Western Australians have become big users of health apps on their phones, mostly to count calories and track their exercise.
Page 11: Spud Shed owner Tony Galati has challenged Premier Colin Barnett to a public debate on marketing laws as he prepares to give away virtually worthless potatoes at his WA stores.
Business: Elections for places on the board of Australia’s biggest farming cooperative have turned ugly, with a sitting director the target of a damaging letter sent directly to grower members.
If the Western Australian representatives of the top 200 companies lifted their game it would have a significant impact on the percentage of Australian women on company boards, Women on Boards executive director Claire Braund said yesterday.
Tony Kiernan-chaired unlisted technology play PhosEnergy says it has made a significant step towards demonstrating the commercial viability of its uranium extraction process after successfully completing a pre-feasibility study in the US.
The Department of Agriculture and Food unveiled its new executive team yesterday as it adjusts to the loss of hundreds of jobs and changing industry needs.
Struggling mining services contractor Ausdrill has muscled in on smaller and even more embattled peer Titan Energy Services to strengthen its exposure to Queensland’s coal seam sector.
The collapsing oil price is not deterring Carnarvon Petroleum and its partners in the Phoenix South discovery from trying to discover more hydrocarbons off the Pilbara.
Apartment developments look set to remain the key sector in Perth’s construction industry with new projects entering the market in the opening weeks of the New Year.
Puma Energy on Monday secured development approval from the WA Government to build an $80 million fuel depot and a bitumen distribution facility in Kwinana.
