07/08/2017 - 06:46

Morning Headlines

07/08/2017 - 06:46

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Narev admits CBA’s ‘mistakes’

Commonwealth Bank of Australia chief executive Ian Narev has admitted the bank ‘‘made mistakes’’ in failing to report money laundering but defended his leadership, saying he is ‘‘motivated’’ to help restore trust and that problems identified by Australia’s financial transactions regulator don’t reflect cultural shortcomings under his watch. The Fin

 

Police union claims pay battle support

A police pay fight against the State Government is backed by voters, a poll has found, with more than two-thirds of West Australians supporting industrial action by officers. The West

 

WA firms in box seat as venue names bids open

WA-based companies are in the box seat to secure the naming rights to Perth Stadium and Perth Arena, with the State Government announcing the start of the formal bidding process. The West

 

Exploration success puts shine on WA miners

New life is being injected into aging gold projects across Western Australia as the mining sector’s exploration efforts strike success. The Fin

 

Mirvac to launch build to rent units

Mirvac Group is preparing for the launch of the country’s first major build-to-rent apartment vehicle as it looks to draw institutional investors into a business that could ease stress on the housing market. The Aus

 

Facebook crackdown looms for public servants who criticise policy

The Turnbull government will today seek to impose restrictions on public servants criticising the Coalition on social media, warning that employees risk disciplinary action for “liking” anti-government posts or privately emailing negative material to a friend from home. The Aus

 

Coal-fired power trade-off for new clean energy target

The Turnbull government is expected to take its revised energy policy to the Coalition partyroom early next month with a plan to make a significant investment in cleaner coal-fired power as a counterbalance to also adopting a clean energy target. The Aus

 

Simich goes the full Monty

Sandfire Resources pushed the button on the first blast at its new Monty copper mine yesterday, marking out the next stage of development of what managing director Karl Simich believes will be a major new base metals province in the Doolgunna region of WA. The West

 

Fix it quickly, Japan Post tells new Toll chief

New Toll Group chief executive Michael Byrne is confident he can return the trucking company to profitability after being instructed by owners Japan Post to ‘‘fix it and hurry’’. The Fin

 

The Australian Financial Review

P1: Commonwealth Bank of Australia chief executive Ian Narev has admitted the bank ‘‘made mistakes’’ in failing to report money laundering but defended his leadership, saying he is ‘‘motivated’’ to help restore trust and that problems identified by Australia’s financial transactions regulator don’t reflect cultural shortcomings under his watch.

P3: Small and medium-sized businesses will be the big winners under the government’s plans to share cyber security data collected by Australia’s intelligence agencies.

P4: House prices are by far the biggest concern among swing voters in Australia’s two largest cities according extensive research which also reveals widespread disillusionment with federal political parties and their leaders.

P7: Global energy giant AES Corporation said scepticism over large-scale battery storage projects in Australia would be overcome once state governments showed they could boost the reliability of the grid.

P13: New Toll Group chief executive Michael Byrne is confident he can return the trucking company to profitability after being instructed by owners Japan Post to ‘‘fix it and hurry’’.

P15: New life is being injected into aging gold projects across Western Australia as the mining sector’s exploration efforts strike success.

 

The Australian

P1: The Turnbull government will today seek to impose restrictions on public servants criticising the Coalition on social media, warning that employees risk disciplinary action for “liking” anti-government posts or privately emailing negative material to a friend from home.

Under-fire Commonwealth Bank chief executive Ian Narev has declared he intends to stay at the helm of the nation’s biggest bank as it grapples with a money laundering scandal, but admitted it had made mistakes.

National Broadband Network speed woes could be eradicated by telcos paying just $9.75 extra a month per connection.

P2: The National Disability Insurance Scheme faces another area of unexpected demand after identifying a gap in its responsibilities to cover early intervention for certain mental health disabilities.

P4: The Turnbull government is expected to take its revised energy policy to the Coalition partyroom early next month with a plan to make a significant investment in cleaner coal-fired power as a counterbalance to also adopting a clean energy target.

P7: Catholic teachers at more than 500 schools in NSW and the ACT have taken steps to strike in protest against their work conditions, prompting accusations the teachers union was “unfairly attacking” the Catholic schools sector.

P17: Oil giant ExxonMobil has secured what could be one the biggest gas finds in Bass Strait — a potentially 2 trillion cubic feet field on the edge of the continental shelf called Dory.

Mirvac Group is preparing for the launch of the country’s first major build-to-rent apartment vehicle as it looks to draw institutional investors into a business that could ease stress on the housing market.

Diggers and Dealers, the mining sector’s annual get-together in the middle of the West Australian desert, doesn’t formally start until this morning but already the deals are flowing.

P20: A Silicon Valley masterclass is preparing a new wave of Australian businesses to take on the world.

 

The West Australian

P3: A police pay fight against the State Government is backed by voters, a poll has found, with more than two-thirds of West Australians supporting industrial action by officers.

P6: Sent in to clean up the trashed reputation of WA’s only juvenile jail, Supt Andy Hughes wanted us to see an ordinary day in the life of Banksia Hill Detention Centre.

P9: Commonwealth Bank chief executive Ian Narev has, in the wake of the shock court action alleging breaches of money laundering laws, conceded the bank made mistakes.

P12: WA-based companies are in the box seat to secure the naming rights to Perth Stadium and Perth Arena, with the State Government announcing the start of the formal bidding process.

P58: Sandfire Resources pushed the button on the first blast at its new Monty copper mine yesterday, marking out the next stage of development of what managing director Karl Simich believes will be a major new base metals province in the Doolgunna region of WA.

Gold Road Resources boss Ian Murray says the company’s joint venture partnership with South Africa’s Gold Fields over the Gruyere project has put its exploration plans for the broader Yamarna greenstone belt five years ahead.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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