16/02/2018 - 06:09

Morning Headlines

16/02/2018 - 06:09

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Morning Headlines

Woodside’s LNG estimates under fire

Woodside Petroleum has met blunt scepticism in some parts of the market over its estimates for LNG construction costs in Western Australia as professional investors piled in to buy shares in its discounted $2.5 billion equity raising. The Fin

Moving on at the height of his power

The driving force behind the rise of Fortescue from ambitious start-up to a genuine third force in WA’s iron ore sector will today end a seven-year term at the helm of the Andrew Forrest-controlled miner. The West

Telstra’s Penn pins growth on 5G future

Telstra chief executive Andy Penn says the rollout of 5G technology will drive greater consumer demand for data and help the telco kickstart growth in the face of continued margin pressure from the national broadband network. The Fin

Beijing warns Chinese students

The nation’s top universities fear they are becoming collateral damage in the war of rhetoric with China, after Beijing issued a blanket warning to current and potential students that Australia was an unsafe place. The Fin

Former Myer boss attacks state of affairs

The Myer board is either ‘‘brave or foolhardy’’ in dismissing its two most senior executives and must take responsibility for the retailer’s failed strategy, says former Myer and David Jones boss Peter Wilkinson. The Fin

ASX listings ‘targeted by crime gangs’

The corporate watchdog is investigating whether Australia’s stockmarkets are being targeted by crime syndicates that could be using company listings to launder dirty money. The Aus

 

 

The Australian Financial Review

Page 1: Malcolm Turnbull has banned his ministers from having sex with their staff, sent Barnaby Joyce on leave and suggested he ‘‘consider his position’’, as the Prime Minister tried to end the embarrassment crippling his government.

Donald Trump’s pick for ambassador to Australia has warned that the US must prepare for the possibility of a war with China in the long term.

Page 3: The nation’s top universities fear they are becoming collateral damage in the war of rhetoric with China, after Beijing issued a blanket warning to current and potential students that Australia was an unsafe place.

Page 4: An incoming federal Labor government would establish a new education research institute to improve classroom standards and better inform the use of government funding across Australian schools.

Westpac Group and ANZ, which combined account for nearly 40 per cent of the nation’s mortgage lending, are tightening control over borrowers with confidential changes to assessment, approval and monitoring.

Page 5: Despite carrying tax losses since the global financial crisis, Qantas Airways has reported an average of close to 30 per cent as its tax rate in the last 12 years.

Page 8: State-based renewable energy policies would count towards emission reduction requirements under the Turnbull government’s new National Energy Guarantee, according to an outline of the new framework released by the Energy Security Board on Thursday.

Page 9: The vast majority of financial planners will need to obtain further qualifications in order to gain the confidence of consumers and meet the requirements to be set by the newly formed Financial Adviser Standards and Ethics Authority (FASEA).

Page 15: Stronger than anticipated US inflation in January raised investor bets of multiple Federal Reserve interest rate rises this year and cascaded through global financial markets overnight.

Page 17: The Myer board is either ‘‘brave or foolhardy’’ in dismissing its two most senior executives and must take responsibility for the retailer’s failed strategy, says former Myer and David Jones boss Peter Wilkinson.

Telstra chief executive Andy Penn says the rollout of 5G technology will drive greater consumer demand for data and help the telco kickstart growth in the face of continued margin pressure from the national broadband network.

Page 19: Woodside Petroleum has met blunt scepticism in some parts of the market over its estimates for LNG construction costs in Western Australia as professional investors piled in to buy shares in its discounted $2.5 billion equity raising.

 

 

The Australian

Page 1: Australia’s failure to meet emergency oil reserves now posed a national security threat, the head of the government-controlled intelligence and security committee has warned following an international report that confirmed Australia was vulnerable to external oil “supply” shocks.

Page 4: Barnaby Joyce owns land near a coal-seam gas project he promoted as resources minister, despite admitting it could be seen as a conflict of interest and pledging to sell it 4½ years ago.

Page 17: The corporate watchdog is investigating whether Australia’s stockmarkets are being targeted by crime syndicates that could be using company listings to launder dirty money.

Perth-based South32, which was spun out of BHP in 2015, yesterday expanded on a November decision to separate and possibly spin off its thermal coal assets, which are in South Africa.

Bill Gates, the founder of Microsoft and the world’s second-richest man, has backed greater public scrutiny of the role and power of today’s technology giants.

Page 20: Telstra chief Andy Penn has said there are still some details that need to be fine-tuned before a merger of Foxtel and Fox Sports can be completed.

 

 

The West Australian

Page 13: The State Government is to make a rare intervention into the live export trade, launching an investigation into a disastrous voyage to the Middle East last year on which almost 2500 sheep died of heat stress.

Australians will get a constant reminder of WA with the new $50 note to be dominated by elements of the State.

Page 19: Plans by the State Government to jack up electricity tariffs 17 per cent over the next three years may be overblown after it emerged customers were already paying almost the full price for power.

Page 22: There are fresh doubts over the strength of the WA jobs market with figures showing full-time employment in retreat despite growing confidence among the State’s business sector.

Page 24: Perth bus stops are being removed or relocated as part of a program to ensure they are suitable for disabled passengers.

Business: Telstra will withhold half a billion dollars from its army of mum and dad shareholders after cutting its dividend for the first time in 16 years, as first half profit fell 4.9 per cent to $1.7 billion.

The driving force behind the rise of Fortescue from ambitious start-up to a genuine third force in WA’s iron ore sector will today end a seven-year term at the helm of the Andrew Forrest-controlled miner.

Australian Mines is set to sign up a South Korean energy and chemicals giant as an offtake and funding partner for its flagship Sconi nickel-cobalt-scandium project in Queensland.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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