09/02/2018 - 06:34

Morning Headlines

09/02/2018 - 06:34

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Morning Headlines

Thrills and spills for Power Ledger

Perth-based blockchain energy trading company Power Ledger continues to build its business by striking international partnerships as it rides bitcoin’s boom-and-bust rollercoaster in the wake of its $US27 million cryptocurrency IPO in October. The Fin

I’ll be No. 1 in lithium: Ellison

Mineral Resources boss Chris Ellison says the company is aiming to be the world’s dominant supplier of lithium, exporting its product to tier-one customers not just in China but across the globe. The West

Capital-gains sting for Airbnb hosts

The summer holiday season has lifted the lid on a potential capital gains tax time bomb for thousands of budding Airbnb and Stayz entrepreneurs, with the Australian Taxation Office revealing that a burgeoning number of homeowners are “unwittingly” opening themselves to tax liabilities by renting out their homes on sharing sites. The Aus

Optus buoyant on FIFA World Cup

Optus chief executive Allen Lew is expecting the FIFA World Cup to give the telecommunications provider a boost in mobile subscribers this year and confirmed the Singtel-owned business is interested in expanding its cricket broadcast rights. The Fin

Tax cuts drive investment: CEOs

The chief executives of leading Australian companies have stepped up their support for the federal government’s planned business tax cuts, saying the measures would stoke investment, as the government tries to push through legislation to cut the top corporate rate. The Aus

Cooper Oxley calls in administrators

West Australian building company Cooper & Oxley has called in administrators Hall Chadwick to assess its financial position as some of the state’s major sites remain locked down. The Aus

Battery to power up Kalbarri

Renewable energy is expected to end Kalbarri’s electricity supply woes after the State Government announced a $6 million “microgrid” would be built near the popular holiday town. The West

 

 

The Australian Financial Review

Page 1: Treasurer Scott Morrison said new rules to give bank customers control over their data will disrupt the major banks’ ‘‘stronghold’’ on information and turbocharge competition in financial services.

Page 3: Optus chief executive Allen Lew is expecting the FIFA World Cup to give the telecommunications provider a boost in mobile subscribers this year and confirmed the Singtel-owned business is interested in expanding its cricket broadcast rights.

Page 5: Employers will be enlisted to push back against growing demands for a ‘‘living wage’’, with Workplace Minister Craig Laundy saying bosses need to tell their staff exorbitant pay rises could cost them their job. 

Low wage expectations and the decline of unionisation suggest the ‘‘natural’’ rate of unemployment may have fallen, meaning more people can be hired without risk of a wages breakout.

Page 7: The states and territories will be $30 billion better off over five years under a new hospital funding deal to be offered at today’s Council of Australian Governments meeting, the federal government says.

Page 10: ABC chairman Justin Milne says the public broadcaster needs to ramp up its digital transformation to better reflect where its viewers are going and remain relevant for decades to come.

Page 12: High-profile investor Mark Carnegie said he won’t be investing in clean energy – or coal for that matter – but believes gas will be the crucial link as Australia moves towards a low-carbon energy sector.

Perth-based blockchain energy trading company Power Ledger continues to build its business by striking international partnerships as it rides bitcoin’s boom-and-bust rollercoaster in the wake of its $US27 million cryptocurrency IPO in October.

Page 13: The Western Australian government has flicked the switch on renewables-reliant microgrids as part of a plan to cut the cost of supplying power to isolated towns in the vast state.

Page 21: National Australia Bank chief executive Andrew Thorburn has sought to reassure analysts and investors that the restructure of the bank is on track after reporting a 3 per cent rise in cash profit to $1.65 billion.

 

 

The Australian

Page 1: Malcolm Turnbull’s sweeping corporate tax cuts are heading for defeat in the Senate, opening the door for the government to prioritise personal income tax cuts as a major selling point in the May budget.

The summer holiday season has lifted the lid on a potential capital gains tax time bomb for thousands of budding Airbnb and Stayz entrepreneurs, with the Australian Taxation Office revealing that a burgeoning number of homeowners are “unwittingly” opening themselves to tax liabilities by renting out their homes on sharing sites.

Page 6: Interest rates may remain at their record low for another full year after Reserve Bank governor Philip Lowe said he would need to see rising inflation and a further fall in unemployment before he considered any hikes.

Page 8: BHP’s Olympic Dam mine in South Australia’s far north will return to full production by April following a $350 million upgrade of its smelter, which asset president Jacqui McGill says has set the operation up for significant growth amid an ever-evolving energy market.

Page 19: Two of BHP Billiton’s biggest institutional shareholders have called for the big miner to respond to activist fund Elliott’s latest push to unify BHP’s dual London and Australian listings under an Australian umbrella, saying it appears to have merit.

Page 20: David Attenborough, the boss of $11 billion gaming giant Tabcorp, says his online rivals can absorb new taxes being rolled out across the industry and that the levy will not dent competition in the sector.

Page 26: Fuel prices are set to play a pivotal role in the course of the aviation sector this year after the recent rally in oil prices, analysts say.

 

 

The West Australian

Page 1: State Fisheries Minister Dave Kelly has refused to ask the Commonwealth for environmental exemptions to target great white sharks, despite the clearest scientific evidence yet that WA’s south-west coast is Australia’s shark central.

Page 4: The time difference between WA and the Eastern States means WA children could be exposed to gambling advertisements banned before 8.30pm under media rules thrashed out last year.

Page 11: Figures from the WA Health Department show that about 100 babies a year are treated at public metropolitan hospitals for neonatal withdrawal symptoms from their mother’s drug addiction.

Page 20: Renewable energy is expected to end Kalbarri’s electricity supply woes after the State Government announced a $6 million “microgrid” would be built near the popular holiday town.

Business: Mineral Resources boss Chris Ellison says the company is aiming to be the world’s dominant supplier of lithium, exporting its product to tier-one customers not just in China but across the globe.

The Conservation Council of WA says its fight against Cameco’s proposed Yeelirrie uranium mine 420km north-west of Kalgoorlie will continue despite the environmental group losing a WA Supreme Court appeal against its approval yesterday.

The major supermarkets’ $1-alitre milk sales cost the WA dairy industry $25 million annually and could force more farmers out of business but its effect has been greatly underestimated by the competition watchdog, according to lobby group WAFarmers.

WA’s residential housing market has turned the corner, property behemoth Mirvac says, with residential price falls moderating.

Thrills and spills for Power Ledger
Perth-based blockchain energy trading company Power Ledger continues to build its business by striking international partnerships as it rides bitcoin’s boom-and-bust rollercoaster in the wake of its $US27 million cryptocurrency IPO in October. The Fin

I’ll be No. 1 in lithium: Ellison

Mineral Resources boss Chris Ellison says the company is aiming to be the world’s dominant supplier of lithium, exporting its product to tier-one customers not just in China but across the globe. The West

Capital-gains sting for Airbnb hosts

The summer holiday season has lifted the lid on a potential capital gains tax time bomb for thousands of budding Airbnb and Stayz entrepreneurs, with the Australian Taxation Office revealing that a burgeoning number of homeowners are “unwittingly” opening themselves to tax liabilities by renting out their homes on sharing sites. The Aus

Optus buoyant on FIFA World Cup

Optus chief executive Allen Lew is expecting the FIFA World Cup to give the telecommunications provider a boost in mobile subscribers this year and confirmed the Singtel-owned business is interested in expanding its cricket broadcast rights. The Fin

Tax cuts drive investment: CEOs

The chief executives of leading Australian companies have stepped up their support for the federal government’s planned business tax cuts, saying the measures would stoke investment, as the government tries to push through legislation to cut the top corporate rate. The Aus

Cooper Oxley calls in administrators

West Australian building company Cooper & Oxley has called in administrators Hall Chadwick to assess its financial position as some of the state’s major sites remain locked down. The Aus

Battery to power up Kalbarri

Renewable energy is expected to end Kalbarri’s electricity supply woes after the State Government announced a $6 million “microgrid” would be built near the popular holiday town. The West

 

 

 

 

The Australian Financial Review

Page 1: Treasurer Scott Morrison said new rules to give bank customers control over their data will disrupt the major banks’ ‘‘stronghold’’ on information and turbocharge competition in financial services.

Page 3: Optus chief executive Allen Lew is expecting the FIFA World Cup to give the telecommunications provider a boost in mobile subscribers this year and confirmed the Singtel-owned business is interested in expanding its cricket broadcast rights.

Page 5: Employers will be enlisted to push back against growing demands for a ‘‘living wage’’, with Workplace Minister Craig Laundy saying bosses need to tell their staff exorbitant pay rises could cost them their job. 

Low wage expectations and the decline of unionisation suggest the ‘‘natural’’ rate of unemployment may have fallen, meaning more people can be hired without risk of a wages breakout.

Page 7: The states and territories will be $30 billion better off over five years under a new hospital funding deal to be offered at today’s Council of Australian Governments meeting, the federal government says.

Page 10: ABC chairman Justin Milne says the public broadcaster needs to ramp up its digital transformation to better reflect where its viewers are going and remain relevant for decades to come.

Page 12: High-profile investor Mark Carnegie said he won’t be investing in clean energy – or coal for that matter – but believes gas will be the crucial link as Australia moves towards a low-carbon energy sector.

Perth-based blockchain energy trading company Power Ledger continues to build its business by striking international partnerships as it rides bitcoin’s boom-and-bust rollercoaster in the wake of its $US27 million cryptocurrency IPO in October.

Page 13: The Western Australian government has flicked the switch on renewables-reliant microgrids as part of a plan to cut the cost of supplying power to isolated towns in the vast state.

Page 21: National Australia Bank chief executive Andrew Thorburn has sought to reassure analysts and investors that the restructure of the bank is on track after reporting a 3 per cent rise in cash profit to $1.65 billion.

 

 

The Australian

Page 1: Malcolm Turnbull’s sweeping corporate tax cuts are heading for defeat in the Senate, opening the door for the government to prioritise personal income tax cuts as a major selling point in the May budget.

The summer holiday season has lifted the lid on a potential capital gains tax time bomb for thousands of budding Airbnb and Stayz entrepreneurs, with the Australian Taxation Office revealing that a burgeoning number of homeowners are “unwittingly” opening themselves to tax liabilities by renting out their homes on sharing sites.

Page 6: Interest rates may remain at their record low for another full year after Reserve Bank governor Philip Lowe said he would need to see rising inflation and a further fall in unemployment before he considered any hikes.

Page 8: BHP’s Olympic Dam mine in South Australia’s far north will return to full production by April following a $350 million upgrade of its smelter, which asset president Jacqui McGill says has set the operation up for significant growth amid an ever-evolving energy market.

Page 19: Two of BHP Billiton’s biggest institutional shareholders have called for the big miner to respond to activist fund Elliott’s latest push to unify BHP’s dual London and Australian listings under an Australian umbrella, saying it appears to have merit.

Page 20: David Attenborough, the boss of $11 billion gaming giant Tabcorp, says his online rivals can absorb new taxes being rolled out across the industry and that the levy will not dent competition in the sector.

Page 26: Fuel prices are set to play a pivotal role in the course of the aviation sector this year after the recent rally in oil prices, analysts say.

 

 

The West Australian

Page 1: State Fisheries Minister Dave Kelly has refused to ask the Commonwealth for environmental exemptions to target great white sharks, despite the clearest scientific evidence yet that WA’s south-west coast is Australia’s shark central.

Page 4: The time difference between WA and the Eastern States means WA children could be exposed to gambling advertisements banned before 8.30pm under media rules thrashed out last year.

Page 11: Figures from the WA Health Department show that about 100 babies a year are treated at public metropolitan hospitals for neonatal withdrawal symptoms from their mother’s drug addiction.

Page 20: Renewable energy is expected to end Kalbarri’s electricity supply woes after the State Government announced a $6 million “microgrid” would be built near the popular holiday town.

Business: Mineral Resources boss Chris Ellison says the company is aiming to be the world’s dominant supplier of lithium, exporting its product to tier-one customers not just in China but across the globe.

The Conservation Council of WA says its fight against Cameco’s proposed Yeelirrie uranium mine 420km north-west of Kalgoorlie will continue despite the environmental group losing a WA Supreme Court appeal against its approval yesterday.

The major supermarkets’ $1-alitre milk sales cost the WA dairy industry $25 million annually and could force more farmers out of business but its effect has been greatly underestimated by the competition watchdog, according to lobby group WAFarmers.

WA’s residential housing market has turned the corner, property behemoth Mirvac says, with residential price falls moderating.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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