07/12/2017 - 06:41

Morning Headlines

07/12/2017 - 06:41

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Morning Headlines

Perth Airport wants ‘fair share’ of Chinese tourists

Perth Airport is targeting direct flights to Tokyo, Shanghai and Beijing as the west coast facility eyes international travellers to compensate for falling domestic passengers and agitates for its ‘‘fair share’’ of the Chinese tourism boom. The Fin

Electric cars drive lithium lift

UBS has lifted its expectations for global electric vehicle sales and upgraded its price forecasts for the battery commodities of lithium, graphite and nickel. The West

Incitec’s BHP pain could be Orica’s gain over supply contracts

Explosives manufacturer Orica could be the winner from BHP Billiton’s decision not to renew Incitec Pivot’s ammonium nitrate supply contract. The Fin

Decade-long glut forecast for LNG called into question

An ultra-bearish forecast by Macquarie of a decade-long glut in LNG and rockbottom prices has been questioned by Woodside Petroleum and industry consultants, who say demand growth is robust and a shortfall may emerge sooner than many anticipate. The Fin

Boards show signs of ‘gender fatigue’

Australian Institute of Company Directors chair Elizabeth Proust has expressed concern that “gender fatigue” may be deterring companies and recruiters from looking for more women directors. The Aus

Business, households lead economic revival

Households and the private sector have drawn a line under the faltering WA economy, opening their purse strings to deliver the State its best result in four years.

Wyatt sees boost for Budget

Rebounding business confidence and investment will help fuel a recovery in WA’s battered Budget position in the coming years, according to Treasurer Ben Wyatt. The West

 

 

The Australian Financial Review

Page 1: The citizenship fiasco has paralysed the federal Parliament with the major parties refusing to agree on who should be referred to the High Court, guaranteeing doubts over the legitimacy of Parliament will linger over the summer.

Eminent US economist Kenneth Rogoff says the global economy is entering a ‘‘catch-up’’ growth phase and that countries including Australia should benefit, as technology advancement kicks in and the lingering devastation of the 2008 global financial crisis finally fades.

Page 3: Australia Post has admitted it knew of internal allegations that senior managers were delaying workers’ compensation claims to secure bonuses as far back as early 2016.

Page 13: Australia is at odds with Donald Trump over recognising Jerusalem as Israel’s capital, with Foreign Minister Julie Bishop saying the Holy City’s final status must be determined through negotiations between Israelis and Palestinians.

Page 15: Retailers have been warned against complacency following Amazon’s Australian launch, which broke the technology giant’s global launch-day records, even though shoppers and competitors appeared underwhelmed.

Perth Airport is targeting direct flights to Tokyo, Shanghai and Beijing as the west coast facility eyes international travellers to compensate for falling domestic passengers and agitates for its ‘‘fair share’’ of the Chinese tourism boom.

Page 17: Explosives manufacturer Orica could be the winner from BHP Billiton’s decision not to renew Incitec Pivot’s ammonium nitrate supply contract.

TPG Telecom shareholders have fired a warning shot to the company’s executive chairman David Teoh, delivering the telecommunications provider its first strike over executive pay.

Page 18: An ultra-bearish forecast by Macquarie of a decade-long glut in LNG and rock bottom prices has been questioned by Woodside Petroleum and industry consultants, who say demand growth is robust and a shortfall may emerge sooner than many anticipate.

 

 

The Australian

Page 1: The Chinese government has launched an extraordinary intervention into Australia’s politics, attacking the government, senior bureaucrats and journalists, and lashing out against a “Cold War mentality”, following Malcolm Turnbull’s crackdown on foreign interference and fuelled by resentment over the foreign white paper.

Page 3: Tax commissioner Chris Jordan is rolling out new weapons in his war on the black economy — including the monitoring of electricity and gas records, and real estate agents — as he ramps up his scrutiny of the rental property market over fraudulent declarations that homes are not being rented out.

Page 17: Stalled consumer spending during the September quarter has underscored the prospect of interest rates remaining on hold for an extended period despite stronger jobs and investment growth.

Australian Institute of Company Directors chair Elizabeth Proust has expressed concern that “gender fatigue” may be deterring companies and recruiters from looking for more women directors.

JB Hi-Fi, David Jones and Myer have upped the ante in their fight against Amazon as the US retail giant’s local launch proved “patchy”.

Page 19: Founder Mark Zuckerberg has sought to reset Facebook’s relationship with the newspaper industry after meeting with News Corp to hear about the challenges it faces in a digital world.

Page 20: The global LNG glut could last another 10 years or more, depressing contract and spot prices of Australia’s second-biggest export as the US, Russia and Qatar put more gas into global markets, LNG plants export at above capacity and renewable energy gains traction.

Page 23: Australia has risen in a global ranking of house price increases even though overall growth remained steady, because residential markets softened in other countries.

 

 

The West Australian

Page 1: Households and the private sector have drawn a line under the faltering WA economy, opening their purse strings to deliver the State its best result in four years.

Page 6: Rebounding business confidence and investment will help fuel a recovery in WA’s battered Budget position in the coming years, according to Treasurer Ben Wyatt.

Page 12: Perth Lord Mayor Lisa Scaffidi will resume her mayoral duties if the State Government refuses to negotiate on a new penalty for her failure to declare tens of thousands of dollars-worth of gifts and travel.

Page 16: From Monday, pedestrians will be able to use what is being called the King Street extension, which provides direct passage between Roe Street in Northbridge and Wellington Street in the city.

Business: UBS has lifted its expectations for global electric vehicle sales and upgraded its price forecasts for the battery commodities of lithium, graphite and nickel.

A long-running dispute between an embattled Collie coal mine and its maintenance workers has edged a step closer to resolution after both groups gave in-principle agreement to a proposed pay deal.

Fortescue Metals Group has taken another step in its bid to challenge BHP’s domination of tow services at Port Hedland by appointing Kotug Australia to manage its new tug fleet.

Kin Mining says a $35 million debt facility from Canada’s Sprott Private Resources Lending means its 1Moz Leonora gold project can be in production before the end of next year.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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