24/01/2018 - 06:19

Morning Headlines

24/01/2018 - 06:19

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Morning Headlines

Trade win after Pacific deal sealed

The Trans-Pacific Partnership trade pact has finally been sealed, with the historic 11-nation deal set to come into effect by March following lobbying efforts by Japan and Australia to convince a reluctant Canada to sign back on to the agreement. The Aus

Panoramic back to raise $21m

Dormant nickel player Panoramic Resources is expected to emerge from a trading halt this morning to announce a capital raising to support a restart of its Savannah underground mine in the East Kimberley. The West

Miners lead confidence surge

Confidence across the nation’s mining and industrial sectors has surged to the highest level this

decade, buoyed by upbeat global growth forecasts and a positive outlook for commodity prices. The Aus

Budget gets Trump bump

Treasury is set to ramp up its global forecasts in the May budget as the Trump tax revolution helps fan a growing tailwind for the Turnbull government that will temporarily offset Australia’s declining attractiveness as a place for companies to invest and hire. The Fin

QBE could launch an ‘ANZ-style’ sell-off

QBE shareholders are tipping the insurance giant will embark on a selloff of assets similar to that of ANZ Banking Group, as QBE’s new boss Pat Regan puts growth on the backburner and promises to simplify the business. The Fin

Worker tax cuts before companies

Middle-income earners will get a tax cut before big business sees any relief, Treasurer Scott Morrison has vowed, as the major parties square off on whether the Federal Government’s proposed corporate tax package will have a “trickle-down” effect for workers. The West

ASIC eyes Quintis collapse

The corporate regulator could broaden its investigation into Quintis to cover the circumstances of the sandalwood company’s weekend collapse.

 

 

The Australian Financial Review

Page 1: Treasury is set to ramp up its global forecasts in the May budget as the Trump tax revolution helps fan a growing tailwind for the Turnbull government that will temporarily offset Australia’s declining attractiveness as a place for companies to invest and hire.

Page 3: The war of words between universities and the government is set to intensify after the release of data shows some universities are running big surpluses.

Wine exports to mainland China by Australian producers soared 63 per cent in calendar 2017 to a record $848 million, triggering another surge in the share price of Penfoldsowner Treasury Wine Estates, which reached record highs.

Page 6: The Tax Office has relaxed the rules for private use of work utes – an area already notorious for rorts.

Page 10: Stranger Things is the gift that keeps on giving for Netflix. The world’s largest online TV network signed up 8.33 million customers in the fourth quarter, surpassing analysts’ estimates of 6.34 million, thanks in large part to the popularity of the fantasy series.

Page 11: QBE shareholders are tipping the insurance giant will embark on a selloff of assets similar to that of ANZ Banking Group, as QBE’s new boss Pat Regan puts growth on the backburner and promises to simplify the business.

Federal Resources Minister Matt Canavan is scrambling to reassure some of Australia’s biggest LNG investors and customers in Asia about the new domestic gas security policy, amid fears it may cause lasting damage to multibillion-dollar project investments and pose risks to shipments.

Page 13: Oil Search’s forecast for flat, or slightly softer, production this year has taken the gloss off a record output performance in 2017 thanks to the outperforming PNG LNG project.

Domain Holdings will recover from the sudden resignation of chief executive Antony Catalano and could even benefit from a leader with more digital media experience, the head of real estate agency and Domain shareholder Jellis Craig says.

 

 

The Australian

Page 1: The Trans-Pacific Partnership trade pact has finally been sealed, with the historic 11-nation deal set to come into effect by March following lobbying efforts by Japan and Australia to convince a reluctant Canada to sign back on to the agreement.

Page 2: Australian industry leaders believe 2018 could be a defining year for the economy, with investment plans and general business conditions set to be stronger than any time in the past five years.

Coles workers will be briefed on a long-awaited pay deal with the supermarket giant this week and will start voting on the plan to boost wages and penalty rates by Valentine’s Day.

Page 5: An overwhelming 70 per cent of Australians do not want the date of Australia Day changed and only 11 per cent believe it should be moved from January 26, according to a new poll.

Page 15: Confidence across the nation’s mining and industrial sectors has surged to the highest level this decade, buoyed by upbeat global growth forecasts and a positive outlook for commodity prices.

Page 19: Coca-Cola hopes four new flavours of Diet Coke and skinnier, redesigned cans hitting US shelves this week will lure back lapsed drinkers of soft drinks and young people who have moved on to La-Croix sparkling waters.

Page 23: Federal Education Minister Simon Birmingham has rejected claims that the government’s freeze on higher education funding will cut student places this year and is adamant that universities can absorb the cost.

Hopes of a rescue fund for the ailing vocational education and training sector have taken a dive, with new doubts over the main funding mechanism for the $1.5 billion Skilling Australians Fund.

 

 

The West Australian

Page 3: Public pressure has forced the State Government to remove its cap on the size of the crowd for the Perth Scorchers’ midweek Big Bash semi-final at Optus Stadium.

Page 6: Middle-income earners will get a tax cut before big business sees any relief, Treasurer Scott Morrison has vowed, as the major parties square off on whether the Federal Government’s proposed corporate tax package will have a “trickle-down” effect for workers.

Page 7: In a victory for people power, WA has become the first State to offer a free vaccine against new strains of meningococcal disease responsible for a surge in infections.

Page 11: Families hit by rising back-to-school expenses are turning to buy-now, pay-later schemes, which financial experts describe as “a dangerous trap”.

Business: The corporate regulator could broaden its investigation into Quintis to cover the circumstances of the sandalwood company’s weekend collapse.

Dormant nickel player Panoramic Resources is expected to emerge from a trading halt this morning to announce a capital raising to support a restart of its Savannah underground mine in the East Kimberley.

A review of greenhouse gas conditions at Chevron’s $42.5 billion Wheatstone project attaches sovereign risk to major investment in WA, Opposition Leader Mike Nahan claimed yesterday.

Wu Yi Doric, the freshly minted China-WA joint venture, is hammering out an agreement to build a Sydney Hyde Park apartment tower and has been selected as preferred builder on a $100 million-plus WA project.

A proposed Hazelmere road extension and upgrade — delayed by unresolved, complex land ownership issues — appears likely to frustrate a $23 million Toll Holdings plan for a substantial warehousing and logistics facility.

Premier Mark McGowan will unveil the State Government’s proposed model for Infrastructure WA at a Property Council breakfast early next month.

Savills Australia has singled out counter-cyclical investors — more than half from overseas — as the drivers of Perth CBD office sales volumes last year.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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