17/10/2017 - 06:43

Morning Headlines

17/10/2017 - 06:43

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Morning Headlines

Power ‘guarantee’ to fix crisis

Energy retailers will be forced to buy a minimum amount of baseload power from coal, gas or hydro for every megawatt of renewable energy under a drastic intervention into the energy market by the Turnbull government to drive energy bills down by $115 a year. The Aus

 

$262m plant to lift water stocks

A new recycling plant to turn treated sewage into drinking water will be built for $262 million after the State Government moved to shore up Perth’s scheme supplies. The West

 

Libs to talk payroll tax today

The fate of the State Government’s payroll tax increase could be known today, with Liberals to decide whether to back or block the $435 million Budget measure. The West

 

Meat producer has big beef with Coles

Coles’ biggest beef supplier, Australian Country Choice, is suing the supermarket giant, alleging breaches of a contract that gave exclusive rights to the cattle producer to export about $150 million worth of beef every year. The Fin

 

Lithium quality hurdle hard to clear: Tianqi boss

China’s biggest lithium company believes its hard-earned know-how is a major advantage as it negotiates sales contracts for a new $400 million Kwinana plant ahead of a wave of supply from emerging producers. The West

 

Coalition would lose 10 Qld, five WA seats

A breakdown of polling that shows the Coalition will suffer heavy losses in Queensland and Western Australia has begun circulating among MPs as the government fights to reverse its fortunes and Tony Abbott hangs out his leadership shingle. The Fin

 

Big users delay supply deals for lower prices

Big power consumers are delaying new power supply agreements in the belief that better prices will be obtained in 2018 and 2019, with OZ Minerals revealing it would wait before striking deals for its two copper mines. The Fin

 

Shorten silent on Danby’s ‘sick’ trip

Bill Shorten has brushed aside calls to reprimand federal Labor MP Michael Danby for leaving the country to attend a busy schedule of conferences after he provided a medical certificate that excused him from turning up to parliament. The Aus

 

No quick fix for energy: ACCC

Competition boss Rod Sims has warned there will be no “quick fixes” for soaring energy prices, with a decade of policy failings likely to take at least as long to repair. The Aus

 

The Australian Financial Review

Page 1: Energy retailers will be required to meet standards mandating both reliability and emissions reduction under the government’s new energy plan, which it claims will lead to cheaper and more secure power for all.

P3: Coles’ biggest beef supplier, Australian Country Choice, is suing the supermarket giant, alleging breaches of a contract that gave exclusive rights to the cattle producer to export about $150 million worth of beef every year.

P4: Foreign Minister Julie Bishop has warned Chinese students they need to respect freedom of speech at Australian universities amid growing unease over Beijing’s influence on campuses.

P5: A breakdown of polling that shows the Coalition will suffer heavy losses in Queensland and Western Australia has begun circulating among MPs as the government fights to reverse its fortunes and Tony Abbott hangs out his leadership shingle.

P7: The industry body representing big energy retailers said the Australian Competition and Consumer Commission’s report on electricity prices failed to prove claims that big retailers were making inflated margins.

P13: Big power consumers are delaying new power supply agreements in the belief that better prices will be obtained in 2018 and 2019, with OZ Minerals revealing it would wait before striking deals for its two copper mines.

The Australian Bankers Association has announced it will nominate ANZ CEO Shayne Elliott as its new chairman at the annual meeting in December, bringing an end to months of speculation about who could take the lobby group’s top job.

 

The Australian

Page 1: Energy retailers will be forced to buy a minimum amount of baseload power from coal, gas or hydro for every megawatt of renewable energy under a drastic intervention into the energy market by the Turnbull government to drive energy bills down by $115 a year.

Pauline Hanson’s chances of deciding who is the next premier of Queensland have grown, with her resurgent One Nation party increasing its primary vote and narrowing Queensland Premier Annastacia Palaszczuk’s lead over the Liberal National Party on preferences.

Long-serving breakfast news anchor Lisa Wilkinson shocked the television industry last night, quitting from the Nine Network’s Today to defect to rival Ten after rejecting a $700,000 pay rise.

P4: Households are being warned to check if their gas bills contain wildly inaccurate “estimated” meter readings, after a Sydney woman was repeatedly sent erroneous bills, with the latest more than 20 times her actual usage.

P5: Bill Shorten has brushed aside calls to reprimand federal Labor MP Michael Danby for leaving the country to attend a busy schedule of conferences after he provided a medical certificate that excused him from turning up to parliament.

P17: Competition boss Rod Sims has warned there will be no “quick fixes” for soaring energy prices, with a decade of policy failings likely to take at least as long to repair.

P19: Retail billionaire Solomon Lew is on a collision course, set to derail Myer’s crucial strategy day in two weeks, with a fresh demand for the department store to release its first-quarter trading results.
Crestone Wealth Management, the product of a management buyout of UBS’s operations in mid-2016, has once again overhauled its board as chief executive Mike Chisholm stresses the company’s growing prospects.

 

The West Australian

Page 3: A new recycling plant to turn treated sewage into drinking water will be built for $262 million after the State Government moved to shore up Perth’s scheme supplies.

P6: The Federal Government will dump subsidies for renewable power and establish a reliable electricity target that favours gas, hydro and coal in a longawaited energy policy to be unveiled by Prime Minister Malcolm Turnbull today.

P9: Political activist and musician Sir Bob Geldof has urged business to embrace philanthropy as a way of coping in a “fractious” and “fearful” world.

P16: The fate of the State Government’s payroll tax increase could be known today, with Liberals to decide whether to back or block the $435 million Budget measure.

The introduction of new uniforms for WA Police has been put on hold by Commissioner Chris Dawson who reportedly does not like the designs his predecessor approved.

P22: Brisbane-based home lender FirstMac will likely have to dig deeper to lure Goldfields Money’s other major shareholders after yesterday blind-siding the former credit union with a $27 million takeover bid.

Chevron’s Wheatstone LNG project is inching towards shipping its first LNG to world markets, with the arrival yesterday of the Asia Venture LNG tanker.

China’s biggest lithium company believes its hard-earned know-how is a major advantage as it negotiates sales contracts for a new $400 million Kwinana plant ahead of a wave of supply from emerging producers.

A Perth consultancy group has designed an app to help reduce workplace stress.

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