UPDATE 2-Market Chatter — Corporate finance press digest

July 5 (Reuters) – The following corporate finance-related stories were reported by media on Monday:

* OPEC member Kuwait may buy some of BP’s (BP.L) Middle East and Asian assets, a Kuwait newspaper said on Monday, as part of the British oil company’s attempt to raise funds and fend off takeover bids. [ID:nLDE6640A8]

* Credit Agricole (CAGR.PA) is not planning to make major acquisitions, but may look at industrial partnerships, as it prepares a new strategic plan to be unveiled in December, its CEO told Les Echos on Monday. [ID:nLDE664034]

* VTB (VTBR.MM), Russia’s second-biggest lender, plans to acquire rival TransCreditBank, the banking unit of state monopoly Russian Railways, Russian business daily Vedomosti reported on Monday. [ID:nLDE664017]

* China’s Bright Food Group has made a cash offer of more than A$1.65 billion ($1.39 billion) for the sugar and renewables business of Australian conglomerate CSR Ltd (CSR.AX), the Australian newspaper said on Monday. [ID:nSGE66301P]

* STX Group plans to list its European unit in Singapore in October to raise as much as $570 million, according to a local media report on Monday. [ID:nTOE66400Z]

* An infrastructure fund set up by Australia’s Macquarie (MQG.AX) and State Bank of India (SBI.BO) will buy a 10 percent stake in Indian mobile tower operator Tata-Quippo for $310 million, the Economic Times said on Monday. [ID:nSGE66403Q]

* Apple (AAPL.O) is missing out on an opportunity to further expand in China, the Financial Times reported late on Sunday, citing Lenovo’s (0992.HK) Chairman Liu Chuanzhi. [ID:nTOE66400H]

* Portuguese Prime Minister Jose Socrates on Sunday defended his government’s veto of Portugal Telecom’s (PTC.LS) sale of its stake in Brazilian wireless carrier Vivo to Telefonica (TEF.MC), saying it was in the incumbent’s strategic interests. [ID:nLDE663034]

* Royal Bank of Scotland (RBS.L) aims to put the conditions in place for the British government to start selling its 83 percent stake in the bank next year, its chief executive said, according to German paper Welt am Sonntag. [ID:nLDE6630B3]

* Wolseley (WOS.L), the world’s biggest builders merchant distributor, has put its tool hire business up for sale as part of a restructuring of its UK operations, the Independent on Sunday reported. [ID:nLDE66309Z]

* Part-nationalised Lloyds Banking Group (LLOY.L) is coming under pressure from shareholders to sell its Scottish Widows insurance business, which could fetch around 7 billion pounds ($10.6 billion), The Observer reported. [ID:nLDE663072]

* TPG [TPG.UL] and Goldman Sachs’s (GS.N) private equity wing are close to a deal to buy Europe’s largest privately owned diaper maker Ontex for more than 1.2 billion euros ($1.5 billion), the Sunday Telegraph reported. [ID:nLDE663080] (Compiled by Anirban Sen in Bangalore; editing by Simon Jessop)

Australian PM demands unity amid leadership cloud

June 15 (Reuters) – Australian Prime Minister Kevin Rudd called on Tuesday for government unity as rumours swirled he could be dumped only months from elections due to his falling popularity and a controversial mining tax.

But Rudd is unlikely to be toppled — at least not yet — one senior figure from the ruling Labor Party said, and could expect a boost come election time from Australia’s robust economy even despite his woes over the planned mining tax.

Australia is in its 16th year of uninterrupted growth, avoided recession during the global crisis and its unemployment rate is half that of the Europe and the United States, all significant factors with many mortgage-conscious voters. [ID:nSGE6580KR]

Rudd stood his ground over the mining tax despite speculation his popular deputy Julia Gillard was set to replace him, even as opinion polls warned his government could become the first since 1932 to lose after just a single term in power.

“Reform is a hard business, it is a controversial business. The key thing in the the reform process is for governments to maintain their nerve,” Rudd told journalists as parliament resumed for possibly the final time ahead of a national vote.

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

For a Factbox on Australian political risks, click:

[ID:nRISKAU]

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Labor Party stalwart Peter Beattie said the party would stick with Rudd regardless of the opinion polls. “The Labor Party is loyal to its leaders who have won an election,” Beattie wrote in The Australian newspaper on Monday.

Other commentators, however, warned Rudd’s “high-handed instransigence” would cost him his prime ministership. The Sydney Morning Herald said Rudd rivalled Pim Verbeek — coach of the national soccer team thrashed by Germany at the World Cup — as the most unpopular man in Australia.

Gillard has laughed off suggestions she should replace Rudd or could challenge, with the economy and employment still strong.

But with a likely October election looming, some Labor politicians believe she would offer a more conciliatory face and lure back jaded voters as conservative rivals and the minority party Greens close in, threatening a hung parliament or worse.

COMMUNITY, BUSINESS ANTAGONISM

Whatever happens in the elections, Rudd’s leadership could now be terminal. Gillard seems poised to replace him if Labor loses unexpectedly, or early in a new term if Rudd wins with a reduced majority in the parliament.

“There is the momentum of Rudd’s remarkable ability to mobilise community and business antagonism towards his own prime ministership, a momentum that shows no sign of abating,” senior political commentator Jennifer Hewett wrote in The Australian.

A Newspoll last week showed the opposition conservatives with an election-winning 53 percent to 47 percent lead over the government, although Rudd is still well ahead of opposition leader Tony Abbott as preferred prime minister.

Labor backbench members, in power since 2007, are pressuring Rudd to end a damaging row with miners over the planned 40 percent tax on profits, dividing voters in politically vital resource states.

The tax, and a decision to shelve carbon trading until the end of 2012, has hurt Rudd. Opinion polls show roughly half of voters oppose it because of concerns it would jeopardise jobs and investment.

More than $20 billion of new resource investment in Australia has already been shelved by global miners due to the tax, legislation for which won’t be drawn up until after the election and which won’t come into effect until 2012.

The government is preparing a compromise on the tax, being fought by miners in a multi-million-dollar advertising campaign, but Rudd has warned he won’t be rushed on a deal for “generous” transition arrangements.

Finance Minister Lindsay Tanner was among a host of ministers who sought on Tuesday to play down leadership speculation, which began after a former Labor luminary, who now works for a mining firm, called for his dumping.

“One thing I can tell you is we’re not going to be spooked by idle gossip,” Tanner said.

Gary Gray, Labor’s parliamentary secretary for resource-rich western and northern Australia, said the mining tax issue had to be resolved by August to end uncertainty and bring political debate back to Labor’s strengths in health and education.

Tanner said the government was doing all it could in consultations with the mining industry but it was impossible to set a specific deadline. (Editing by Michael Perry and Paul Tait)

NAB and AXA extend takeover talks

(Reuters) – National Australia Bank (NAB.AX), AXA SA (AXA.AX) and takeover target AXA Asia Pacific (AXA.AX) have extended their $11.5 billion acquisition agreement to July 15, giving NAB time to overcome regulatory hurdles to close the five-month saga.

Deals

The six-week extension, expected by investors, will let NAB propose changes, including asset sales to gain the approval of the Australian competition regulator, which blocked the deal saying it would reduce competition in the world’s fourth biggest, $1 trillion wealth market.

“They can now finalize the sale of assets. After that it seems unlikely for the regulator to come up with something new that it did not cite in its original ruling,” said Martin Duncan, an analyst at fund manager Arnhem Investment Management.

The Australian Competition and Consumer Commission (ACCC) earlier said the deal, the country’s second biggest financial services takeover, would cut competition in the retail investment platform, a software that binds the customer with financial products and the wealth manager.

To alleviate the watchdog’s concerns, NAB may sell retail platforms, such as AXA Asia Pacific’s North and is in talks with smaller wealth manager IOOF Holdings (IFL.AX) and insurer Tower Australia (TAL.AX), The Australian newspaper said.

Tuesday’s extension gives NAB an advantage but investors said that asset sales may not necessarily clear the path as the deal also needs the approval of the federal treasurer, who is increasingly concerned over the financial sector being controlled by the country’s four biggest banks.

NAB would not discuss its plans and only said it “continues to pursue its options in relation to the ACCC objections to the proposal.”

A spokeswoman for AMP (AMP.AX), which has also expressed interest in AXA Asia Pacific and was preferred by the ACCC, declined to comment.

(Reporting by Narayanan Somasundaram; Editing by Balazs Koranyi)

Human trafficking ‘getting worse everywhere’

A senior representative with the UN’s High Commission for Refugees (UNHCR) in Indonesia says human trafficking is getting worse everywhere, not just in Indonesia.

Manuel Jordao has denied telling an Australian newspaper that people smuggling in Indonesia is “out of control”.

Mr Jordao says it is no secret human trafficking is increasing but he says Indonesia is not the only place battling the problem.

He says newspaper reports in Australia, quoting him as saying people smuggling is “out of control” in Indonesia are incorrect.

He says the numbers in Indonesia are not that alarming.

“No I don’t think it’s out of control. What I think is needed is inter-state cooperation, that is what I discussed,” he said.

He says less than 4,000 asylum seekers are registered with the UNHCR in Indonesia.

“Most of the people of concern to the UNHCR who arrive in Indonesia arrive after having used trafficking services and have paid for it,” he said.

Mr Jordao would not comment on the Australian Government’s decision today to suspend processing all immigration claims from Sri Lanka and Afghanistan.

Carnarvon’s role in putting man on the moon

On the 20th of July 1969, Commander Neil Armstrong became the first man to set foot on the moon.

It was, to quote Armstrong, ‘one small step for man, one giant leap for mankind’ in which a small town on the West Australian coast played a vital part.

But, Carnarvon is better known for its bananas than its role in helping NASA get man to the moon and the following extraordinary rescue of Apollo 13.

The lunar mission’s three man crew was heading towards the moon in April, 1970 when the spacecraft’s oxygen tank exploded.

Jim Gregg was one of the technicians working at the Carnarvon space tracking station as it played a crucial role.

He says the situation was very serious with both time and oxygen were running out.

“The chances of getting the crew back were very low.”

Mr Gregg says technicians and engineers worked day and night to bring the crew back alive as the station provided the spaceship with the data needed to steer it back towards the Earth.

‘We essentially worked out what needed to be done and sent the commands to the vessel,’ he says.

At the time, Alison Gregg was the local correspondent for the West Australian Newspaper and was in the tracking station’s observation room adjacent to the control room during the operation.

She says she could see and hear everything that was happening.

“Everyone was concentrating furiously. I get goosebumps now just thinking about the intense concentration,” she says.

“Nobody could possibly do anything but the job they needed to do. There was no talking, no nothing, expect for the contact with NASA in Houston.”

The rescue operation took four days.

“It’s entirely remarkable that they got themselves back,” Mr Gregg says.

“When we realised that they were coming back alive, the whole place just went ape.”

Location

The coastal town of Carnarvon, with a then population of about 2000, was home to the largest NASA space tracking station outside the United States in the 1960′s and 70′s.

It was the perfect location because several orbits of the Gemini and Apollo spacecraft passed over that part of WA.

Paul Dench was the first engineer to make the station’s pay roll and managed the facility for some years.

He’s the main author of a soon-to-be-released book about the social and political history of the facility.

“I didn’t think Carnarvon’s role in the Moon Race had been given enough weight in our history,” he says.

“The story had to be told but when I started researching, some of the material was still under 30 year protection in the National archive so I couldn’t access it.”

Mr Dench says the station brought a lot of buzz to the town.

The first ever live television broadcast from Australia to the rest of the world was in fact from the streets of Carnarvon.

Mr Dench says the book has been a long time coming.

“There was a unique relationship between the town and the station and between the local people and the trackers.”

Mr Dench says most of the 230 station staff were brought to Australia from the United Kingdom.

“They arrived to this town where there was with no television and only a manual telephone exchange,” he says.

“It would have been a real culture shock.”

From 1963 until its closure in 1975, the Carnarvon Space Tracking Station supported a range of scientific and exploratory missions through NASA’s race to put a man on the Moon.

The release of the book ‘Carnarvon and Apollo: One giant leap for a small Australian town’ coincides with the 40th anniversary of the rescue of Apollo 13 on April 11, 1970.

Food fight looms over rival shows

Channel Ten is reportedly considering legal action against Seven for allegedly turning its My Kitchen Rules into a copycat of the ratings hit MasterChef Australia.

According to The Australian newspaper, network executives were “horrified” to find My Kitchen Rules had ripped-off MasterChef’s set, style of interview with the contestants and phrases used by the judges.

Ten is now considering its legal options, the paper said.

But chef Gary Mehigan, who is currently filming the new series of MasterChef, says he regards imitation as flattery.

“When you find something amazing, you want to recreate it and there’s no better flattery,” he said.

“It’s just that when George [Calombaris] and I are standing up there, instead of saying ‘please step away from your benches’ – because now they’re using it on MKR – we’ve got to come up with something else.”

MasterChef is a different show to MKR, says Mehigan.

“Our show is different – the emotion and competitive nature of the contestants and the feedback,” he said.

“MKR [is] not a bad show, it’s a good show. But when you watch some of the bitchiness between contestants, between states, I just went, ‘what’s all that about?’. I don’t want to see that anymore.

“I think preserving our kind of humility is quite important,” he added.

Mehigan says this year’s MasterChef competition will be a cut above last year’s.

“It won’t depart form the last series but it’ll be a progression, with better cooks and bigger challenges,” he said.

- AAP

O’Farrell edges debate, yet to win over voters

Despite being declared the unofficial winner of the New South Wales leaders debate, Opposition Leader Barry O’Farrell still has a long way to go to win over the majority of voters.

Political analysts say the first non-parliamentary debate was a close-run affair, but most agree Mr O’Farrell was the winner.

A new opinion poll shows that his opponent, Premier Kristina Keneally, is enjoying enormous popularity.

But the 15-year-old Labor government is still widely disliked and her personal popularity has not made a real dent in that.

The NSW political reporter for the Australian newspaper, Imre Salusinszky, says that 12 months out from an election, the Opposition is tracking well but Mr O’Farrell will have to watch his tone.

“Mr O’Farrell was at times a little bit smirky and at times a little bit aggressive,” he said.

“He’s going to have to watch that because he is up against, firstly, a woman, and secondly, quite a popular leader.

“You could see him calibrating the degree of negativity and the degree of aggression that’s appropriate to be used against Ms Keneally, as against, for example, Mr Rees, who could give just as good as he got in terms of the surliness stakes.

“Another observation was Ms Keneally’s repeated stress on her experiences as a mother when she was asked questions about areas such as childcare, health and education.

“She couldn’t seem to say often enough that she knew, as a mother who had delivered babies into daycare, how important it was to get the staff ratio right and so on and so forth.

“Clearly, her advisers, and perhaps the focus groups that Labor is running, have told Ms Keneally that what’s playing particularly well out there is that voters can associate with her as a working mum.”

The deputy editor of the opinion website The Punch, Tory Maguire, says Ms Keneally took the curious step of defending her Government without conceding to any mistakes.

“I was on the Daily Telegraph live blog during the debate and we ran a poll at the end and it was wildly in favour of Mr O’Farrell,” she said.

“I think [Ms Keneally] looked like a bit of a Pollyanna, to be honest.

“She was actually asked by one of the journalists on the panel if she had anything to apologise for, for the Labor Government for the last 15 years, and she said, no, absolutely not.”

And Mr Salusinszky says both leaders avoided committing to large projects.

“Neither of them was prepared to commit even to such obviously urgent projects as the M5 duplication or the completion of the M4 east,” he said.

“What that tells us is either that they don’t think they’re going to be able to afford it during the four years between 2011 and 2015, or more likely, that in terms of big-ticket promises like that, they will keep their powder dry until we are considerably closer to the election than we are now.”

The leaders have committed to another debate but it may make little difference.

Polls show that the people of New South Wales have absolutely no intention of pushing Labor out to a 20-year term of office, even if they personally like Ms Keneally.

Infrastructure arguments

During the debate, the Premier promised to stay positive and be practical and refused to apologise for past failures.

“I am proud to head this government. This is a government that has delivered some of the best performing emergency departments in the country,” she said.

“This is a government that has delivered the best literacy and numeracy results for year three and year five in the nation.

“This is a government that is delivering transport infrastructure as we speak.”

But Mr O’Farrell lamented the state’s transport, health and housing woes, and he threw forward to the choice on offer at the next election.

“A choice between a party, the New South Wales Liberals and Nationals – committed to growing the economy and restoring opportunities – or Labor’s continued cycle of stagnation and decline,” he said.

There was an early victory for Mr O’Farrell after he issued a challenge to the Premier to have all election promises independently costed.

Ms Keneally agreed to empower the auditor-general to take care of that.

“I’m happy to have it done because it will expose the speedometer that is the New South Wales Opposition’s approach to campaign promises,” she said.

Things got heated on the topic of hospitals and how the leaders would approach the Prime Minister’s health reform plans.

“The Liberal government had a very unique approach to health care in Port Macquarie; they closed the hospital and then they sold it off, and it was a Labor government that had to buy it back and re-open it,” Ms Keneally said.

“That is simply untrue. It again displays your lack of history,” Mr O’Farrell retorted.

“We went, entered into a public-private partnership for a new Port Macquarie hospital, which was so successful it became an attractive option for people across the region that it then had capacity problems.

“Labor then ignored it for five years, used us as that blame game you said you would finish.”

Mainwaring died after ‘cocaine binge’

A confidential report on the death of former AFL footballer Chris Mainwaring has revealed he died of a seizure after consuming a large amount of cocaine.

The West Coast Eagles premiership player and sports broadcaster died of a drug overdose in October 2007.

Western Australia’s coroner, Alistair Hope, decided not to hold an inquest, but provided a short written report to parties involved in the police investigation, including the Mainwaring family.

The report found that Mainwaring’s former wife, Rani, visited him in the afternoon before his death and flushed cocaine down the sink to stop him from taking the drug.

She then rang Richmond’s Ben Cousins, who played for the West Coast Eagles at the time, to get him to check on Mainwaring.

The report reveals Cousins went around to Mainwaring’s house, where he entered a bedroom and saw cocaine on a plate.

The document does not appear to spell out what happened after that time.

The West Australian newspaper has obtained a copy of the report, part of which has been viewed by the ABC.

Election eve poll points to minority government

A new poll points to a close result and minority government in tomorrow’s Tasmanian election.

The Newspoll in today’s Australian Newspaper says 35 per cent favour Labor, 36.5 per cent the Liberals, with 25.5 per cent supporting the Greens.

The ABC’s election analyst, Antony Green has told AM the poll relating to first preferences was remarkable.

“The Labor Party down to 35 per cent from the high 40s last time, the Liberals on 36.5 and the Greens on 25.5, that’s a remarkable breakthrough for the Greens. A big loss for the Labor Party.”

“But it shows that many of those people who’ve left the Government haven’t gone to the Liberal Party, the Opposition, they’ve drifted towards the Greens.”

The Premier David Bartlett’s satisfaction is at 38 per cent with 56 per cent dissatisfied.

The Opposition leader Will Hodgman is at 53 per cent with a 37 per cent dissatisfaction rating while the Greens’ leader Nick McKim sits at 58 per cent with 32 per cent dissatisfied.

Mr Bartlett has taken heart from the poll results.

“All of our internal research and all of our [doorknocking] is still very positive for Labor,” he said.

“They haven’t switched off from us and clearly that is the case because we’ve gained 14 percentage point in this campaign alone.”

The Liberal leader, Will Hodgman, is still talking up his party’s chances of taking government in its own right.

“We believe that we are in a position still to deliver that majority government, a stable strong majority that Tasmania needs.”

“I’m hopeful that Tasmanians, in the remaining day they have left to contemplate their, vote will give every serious consideration to the alternatives.”

Labor spending

The Tasmanian business community’s spending monitor shows Labor has overtaken the Greens as the biggest spending party of the campaign.

In the campaign’s early days Mr Bartlett repeatedly said Labor would not out spend its rivals.

But the Chamber of Commerce’s online Spendometer shows Labor’s promises now total $505 million over four years.

That is more than the Liberals’ $372 million and the Greens’ $500 million.

The chamber’s Richard Dowling says all parties have spent too much, jeopardising Tasmania’s net debt free status.

He says more spending cuts will be needed to pay for the promises.

“[They will make] some savings measures that they haven’t disclosed to the electorate,” he said.

Mr Dowling says Labor’s promises are the most reliable because 52 have been costed by Treasury, compared to the Liberals’ 40 and the Greens’ 10.

SA, Tasmania gear up for weekend polls

Political parties are entering the final hours of campaigning for tomorrow’s elections in South Australia and Tasmania.

The Newspoll in today’s Australian newspaper points to a close result and minority government in Tasmania.

The poll says 35 per cent of those polled favour Labor, 36.5 per cent the Liberals and 25.5 per cent the Greens.

Tasmanian Premier David Bartlett’s satisfaction rating is at 38 per cent with 56 per cent dissatisfied.

Opposition Leader Will Hodgman’s rating is at 53 per cent with 37 per cent dissatisfied.

Greens leader Nick McKim’s satisfaction rating is the highest at 58 per cent, with a 32 per cent dissatisfaction rating.

On the question of who would make a better Tasmanian premier, 36 per cent of respondents voted for Mr Hodgman, compared with 32 per cent who preferred Mr Bartlett. Mr McKim achieved 21 per cent support.

A review of first preferences at the electorate level suggests Labor could lose up to five seats.

Under this “worst case” scenario for Labor, their numbers in the 25-seat parliament would drop from for 14 to nine.

The Liberals would gain three seats to move to 10, and the Greens would gain two to move to six, forcing a change in government after 12 years of Labor majority rule.

‘Too close to call’

Meanwhile in South Australia, the nation’s longest-serving Premier, Mike Rann, is up against Opposition Leader Isobel Redmond, who has been in that position for nine months.

Known for undergoing the shock of a Taser gun shot to emphasise that police need them, Ms Redmond has centred her campaign on being a more trustworthy leader.

Mr Rann has focused his campaign on delivering jobs and mining development. But he has not escaped controversy, denying an affair with former Parliamentary waitress Michelle Chantelois.

Voters will consider plans on water, hospitals, stadiums and Adelaide’s Southern Expressway.

Labor’s election promises are worth $2.2 billion, compared to the Liberals $2.8 billion.

The Liberals need to win an extra 10 seats to govern in their own right, but Labor would lose its majority with the net loss of 5 seats.

If a hung parliament results, independent candidates could play a pivotal role.

Rudd poll drop stokes talk of Gillard

A drop in Prime Minister Kevin Rudd’s approval rating in the latest opinion poll has prompted commentary on the future Labor leadership.

Mr Rudd’s voter satisfaction rating has slumped to its lowest level since he became Labor leader.

The Newspoll in the Australian newspaper shows 48 per cent of voters are satisfied with Mr Rudd’s performance, while 41 per cent are dissatisfied.

It is the first time Mr Rudd’s rating has dipped beneath 50 per cent as prime minister; the two-party preferred figures remain the same at 52 to 48 per cent in favour of Labor.

Labor backbencher Darren Cheeseman has backed Mr Rudd but he has pointed out that the deputy, Julia Gillard, is waiting in the wings.

“She is naturally in line to become the prime minister at some point into the future,” he said.

Opposition frontbencher Ian Macfarlane has tried to stoke leadership tensions.

“If I was Kevin Rudd I wouldn’t sleep with both eyes shut,” he said.

Prime Minister Kevin Rudd has told ABC Local Radio he thinks it will be a close election.

“It’ll be a hard-fought election and I expect that but I will simply continue in the business of ensuring that we are keeping the economy strong,” he said. “It’ll be a tough fight and that’s what I fully expect come election time.”

Meanwhile, the poll shows the Opposition’s paid parental leave scheme is failing to gain traction with voters.

The poll comes as former prime minister Paul Keating launched an attack on Opposition Leader Tony Abbott, labelling him an “intellectual nobody” with no policy ambition.

Speaking on ABC Radio National today, the former Labor prime minister gave a scathing assessment of Mr Abbott’s performance, saying he had consolidated the right-wing “nutters” behind him.

And he took exception to Mr Abbott’s criticism of Indigenous acknowledgment and welcome to country ceremonies at official functions by calling him a “little John Howard”.

Mr Abbott won the leadership from Malcolm Turnbull last December after urging the party to reject Mr Turnbull’s climate change policy.

And he opened up a new front in the culture wars yesterday by claiming that acknowledgment of Indigenous elders at official functions was paternalistic and tokenistic.

Rudd approval rating hits new low

A new opinion poll shows voter satisfaction with Prime Minister Kevin Rudd’s performance has dropped to its lowest level since he became the leader of the federal Labor Party.

The Newspoll in the Australian newspaper shows 48 per cent of voters are satisfied with Mr Rudd’s performance, while 41 per cent are dissatisfied.

It is the first time Mr Rudd’s rating has dipped beneath 50 per cent as prime minister.

Meanwhile, the poll shows the Opposition’s paid parental leave scheme is failing to gain traction with voters.

Forty per cent of respondents favoured the Government’s 18-week paid leave plan, compared to 24 per cent for the Coalition’s proposal for six months’ leave at full pay.

Labor leads the Coalition on a two-party preferred basis by 52 per cent to 48 per cent.

Forty-seven per cent of respondents said they were satisfied with Opposition Leader Tony Abbott’s performance, down one point from last month’s figures.

Mr Abbott’s dissatisfaction rating was unchanged at 38 per cent.

Financial Services Minister Chris Bowen has defended Mr Rudd and played down the figures.

“He’s said for some time that he expects polls to tighten, we expect this election to be very tough,” he said.

But Opposition frontbencher Peter Dutton says the poll is a rejection of Mr Rudd’s new health and hospital plan.

“The Australian people are starting to question whether Kevin Rudd’s got the ability to deliver in areas like health,” he said.

Australia police probe alleged Indian cyber attacks

SYDNEY: Australian police said they were investigating a string of hacking attacks against Melbourne-based companies, reportedly linked to recent violence against Indian nationals.

The cyber raids, which have occurred in the past week, are being probed by a specialist taskforce, a spokeswoman said, refusing to confirm media reports that they were linked to the Indian assaults.

“The Victoria Police e-crimes squad is investigating reports of alleged hacking of a number of different business servers hosted in Melbourne,” the spokeswoman said.

“The ongoing investigation is in its infancy and it would be inappropriate to comment any further.”

The Australian newspaper reported that several Melbourne construction and engineering firms had been attacked in recent days by a hacker called “Ghost Buster”.

“Your server data have been compromised … and have been encrypted,” Ghost Buster wrote on one.

“Stop racial attacks against Indian people,” the message said, vowing that until the assaults end, Australian servers will be hacked “every day”.

Attacks against Indians, including beatings and robberies, have been on the rise in Australia, threatening to damage diplomatic ties and the country’s 15.4-billion-US-dollar education export industry.

Brother of ‘Australian Fritzl’ incest victim died ‘suspiciously’

Melbourne, September 19 (ANI): A brother of the woman allegedly held as a sex slave for 30 years by her Australian father died ‘in suspicious circumstances’, according to new claims.

The shock horror case, made public by the Herald Sun, involved a man accused of fathering four children with his daughter, whom he held as a virtual prisoner, raping her almost daily from when she was 11 years old.

A brother of the alleged victim said the family had their suspicions over the drowning of their brother at a suburban Melbourne beach more than 30 years ago, the Australian newspaper reported.

The woman also apparently told friends that she thought her sibling died under mysterious circumstances.

“I don’t like talking about it because I can still remember him,” News.com.au quoted her brother as saying.

“I wish he grew up, but let’s just say there were a lot of suspicious things about it. It was a long time ago, I don’t know what the police think about it,” he added.

Police decline to say if the death would be investigated.

A spokeswoman said: “Due to the amount of information provided, our avenues of inquiries are limited and we are unable to establish confirmation of the allegations.”

She added: “Due to the current suppression order in existence it would be inappropriate to provide any information surrounding this.” (ANI)

Chinese tech firm denies carrying out PLA operation in Australia

Beijing, Sep. 9 (ANI): A Chinese technological firm, which has been accused of carrying out operations in Australia with direct links to the People’s Liberation Army, has denied allegations levelled against it.

China Daily spokesperson quoted Huawei Technologies spokesperson Ross Gan as saying that firm has not been contacted by the Australian Security Intelligence Organization (ASIO).

Gan, however, added that Huawei officials met with the ASIO in June for a routine briefing that the firm provides to all levels of government as well as to the networking equipment industry and customers.arlier, an Australian newspaper had said the ASIO made the claim that Huawei is hiring employees connected to the PLA.

According to the paper, the firm reportedly dismissed “several dozen” of its Australian-born workforce, replacing them with Chinese nationals.

These employees were allegedly spotted meeting officials at Chinese embassies and consulates in Canberra, Sydney and Melbourne, according to the report.

This report comes at a time when four Shanghai-based employees of the Australian iron giant Rio Tinto are awaiting trial on charges of stealing trade secrets.

The Chinese government arrested the Rio Tinto employees in July and accused them of selling information that Chinese authorities believe put its steel makers at a disadvantage in iron ore price talks with the world’s second largest iron ore supplier.

Founded by a former China’s PLA official, Huawei is China’s biggest telecommunications equipment maker.

The company announced earlier that its contract value reached 15.7 dollars billion in the first half of this year, an increase of 28 percent over the same period of last year.

But most of the company’s overseas expansions, especially to developed countries, have been stymied by security concerns. (ANI)

Russell Crowe takes gossip columnist for a ‘bike’ ride

London, September 3 (ANI): Russell Crowe seemed to have settled scores with an Australian newspaper columnist who mocked him for smoking and eating fatty meal – by challenging her to a duel on a bike.

Journalist Annette Sharp ran a story in Sydney’s Daily Telegraph entitled: “Smokes and fatty foods – the fitness regime for Rusty” after the actor was spotted smoking a cigarette and having three tacos and a soft drink.

The article was said to have annoyed the Oscar winner, who allegedly got his spokesman to call up Sharp, who accepted the challenge.

The two reportedly met at dawn for a 12-mile ride through the city, that saw Crowe zooming to victory and leaving Sharp falling off her bike at one point.

The scribe revealed, the star, in place of boasting, was “gracious, concerned – the perfect gentleman as he rolled up my trousers to check on my knee”. (ANI)

‘A to Z’ for the Australian squad to win the Ashes

Queensland, June 29(ANI): In an analysis done by a leading Australian newspaper, it has formulated a plan which has suggested different methods to the Australian squad for winning the historic Ashes series this year.

The Courier-Mail in its analysis titled “ABC of how Australia can win the Ashes”, bewares the English side of its plan.

It has ‘A for Alderman’, where it gives advice to fast bowler Ben Hilfenhaus to emulate Alderman’s methods of bowling impeccably aimed away swingers and off-cutters.

It has warned the Australians to keep the modern day Ian Botham (B), Andrew Flintoff, in his shell if they have to triumph and said that Flintoff’s ageing body would crack under pressure.

C has been referred as Sydney’s King’s Cross, England captain Andrew Strauss first met his wife Ruth in a nightclub in that area. The plan states that it might be used during an on-field niggle against the player.

The plan has “F for a flying start”, where it asks the Australians to get a flying start, and said that they should stop England from getting a flying start if they have to in the series.

Plan states “L for Lord’s”, where Australia has always tasted success and has luxurious memories. The venue for the second test in the series is a ground where Australia has not lost since 1934.

“T for tail-enders” highlights the manner in which in the recent past players likes Mitchell Johnson have regularly wagged in order to provide stability to the team. It is a point that the English squad lacks.

Y has been gives as Yobbos, referring to 7000 yellow T-shirt Australian brigade that is expected arrive in England for the Ashes. Seen as a support to the team hopes are high that they would give a tough time to the Barmy Army.

Z is for the ranking, which they hope that they would not give to Australia’s spin bowling battery at the end of the tour, (ANI)

Airport scanners “useless” in flu fight, researcher says

Airport scanners Sydney – The thermal imaging scanners deployed at airports worldwide to spot travellers running the high temperatures associated with influenza are “literally useless,” an Australian researcher said Tuesday.

Claire Hooker, coordinator of the medical humanities programme at Sydney University, said around 120 million people passed the scanners during the Severe Acute Respiratory Syndrome (SARS) outbreak that began in 2003 but only 26 suspected cases were detected and only a few of those tested positive.

“As far as I’m aware, and I have spoken to a lot of people, these thermal scanners are literally useless,” Hooker told The Australian newspaper.

Commenting on Hooker’s view, World Health Organization adviser Alan Hampson agreed that the effectiveness of the equipment was suspect and might only serve to remind the public of the dangers of influenza infections.

“With SARS, I don’t know that the thermal scanners actually picked up any cases,” Hampson, head of Australia’s Influenza Specialist Group, said.

He said not everyone infected with flu has a temperature and that those with a fever and capable of infecting others would not necessarily be picked up by the scanners.

Hampson said only the seriously ill would be spotted – and by that time their symptoms would be obvious to themselves and to fellow travellers.

Meanwhile, infectious diseases expert Peter Collignon said health authorities were scare-mongering over swine flu because it was no worse than the normal flu-season strain.

“To really be a problem for people, it’s got to readily spread from person to person,” the Australian National University’s Collignon said. “Now this one does do that, but on top of that it’s got to be more aggressive or virulent than the current strains we have circulating repeatedly every winter, and this one is not that.”(dpa)

Australia’s Qantas ditching first class on some routes

Sydney – Passengers can travel in the first-class cabin of some Qantas jets for the price of a business-class ticket, Australia’s leading airline announced Monday.

A 25-per cent reduction in demand for luxury travel has prompted Qantas to suspend the first-class option on routes to London, Buenos Aires and San Francisco.

“We’ll sell it as a business-class service so they’ll get business-class product and service but some people will be sitting in a first-class seat,” a Qantas spokeswoman told The Australian newspaper.

Although fewer than one in 10 passengers travels either business class or first class, the industry standard is that a quarter of revenue accrues from the pointy end of the plane.

Qantas said it had moved to suspend first class on some flights because demand had collapsed despite deep discounting. (dpa)

China denies spies targeted Australia PM, Rio Tinto

China denied on Friday that its spies attempted to hack into the phone and computer of Australian Prime Minister Kevin Rudd during a visit to Beijing, amid growing unease in Canberra over Chinese investment.

The Australian newspaper said on Friday China directly targetted Rudd during a visit to China last August. It said Rudd and his staff were under constant cyber attack from authorities trying to access communications gear.

“It is a totally groundless saying and not worth any comment, this so-called cyber spying,” Chinese embassy spokesman Jin Liu told Reuters.

The newspaper, citing intelligence sources, said Beijing’s blatant electronic espionage had alarmed Rudd’s centre-left government and led to a tightening of communications security for senior government figures travelling to China.

Rudd, speaking in London after the G20 meeting of leading economies, said had not been advised of a specific attack, but the government was wary of cyber espionage.

“The (December) national security statement clearly identified the threat of cyber attacks,” Rudd told reporters.

A defence planning paper due out later this month is expected to deal with cyber espionage, following concerns raised by former diplomat Rudd last year.

Anti-Chinese sentiment has been building in Australia with opposition lawmakers accusing the Mandarin-speaking prime minister of being a “roving ambassador” for China and too close to senior figures in Beijing.

China’s Australia ambassador on Thursday defended Chinese investment in local resource firms as Canberra considers whether to approve a $19.5 billion tie-up between state-owned metals firm Chinalco and mining giant Rio Tinto.

Opposition lawmakers have accused Rudd’s Labor of being prepared to “sell the farm”, losing control of vital resource assets sought by energy-hungry China.

Rio Tinto may also have been the target of a Chinese cyber attack in the early stages of Chinalco’s bid for the Anglo-Australian miner, the Australian said, citing government figures, who called the attacks “incessant and enduring”.

The Chinalco deal with Anglo-Australian mining giant Rio is being considered by Australia’s foreign investment watchdog, with some politicians from both the centre-left ruling party and the conservative opposition calling for it to be rejected.

An investment by another state-owned Chinese firm, Minmetals, in Australian miner OZ Minerals was rejected by Treasurer Wayne Swan last week on national security grounds, although a revised $1.2 billion bid that addresses those same concerns is back with the review board.