11/06/2018 - 06:17

Morning Headlines

11/06/2018 - 06:17

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WA bid for first space agency

Morning Headlines

WA bid for first space agency

Science Minister Dave Kelly will today release a report on WA’s space industry capability, making the case for basing the multimillion-dollar agency in the west as competition intensifies between potential host States and Territories. The West

Auction clearances tumble as buyers take a break

Only 900 properties went to auction across the nation last week, down from 2281 the previous week. The Aus

CBA admits ‘warm body’ plan

In testimony at a Supreme Court trial, Commonwealth acknowledged Westgem Investments, which was developing Raine Square in the CBD, was unable to pay its bills when the bank took an extra $150 million worth of security over the company in May 2010. The West

Quintis gets new life in private hands, but investors lose out

Failed sandalwood grower Quintis, which last year became the first high-profile victim of shortseller researcher Glaucus and slid into administration, is closer to being resurrected as a private company after creditors voted in favour of a deed of company arrangement. The Aus

Boat owners face big rise in mooring fees

In a letter to registered boat owners, the Department of Transport has blamed rising costs and the need for a “user-pays” system to reveal it will raise mooring fees by 11.5 per cent from next month. The West

Global markets brace for chaotic week

Global financial markets are poised for a volatile week as fallout from an acrimonious G7 summit comes amid historic US-North Korean leaders’ talks, major central bank policy decisions, a US deadline for imposing tariffs on Chinese goods, sustained pressure on Italian financial markets and emerging markets, top-tier economic data and speeches from Reserve Bank officials. The Aus

Power regulator’s dire warning

The nation’s energy market operator has warned that Australia “does not have the energy reserves it once had” to lean on in times of need as the power market undergoes an “unprecedented transformation”. The Aus

Sawfish block to Kimberley expansion

WA pastoralists including Gina Rinehart want to expand production in the Kimberley by using a small amount of water from the Fitzroy River, which an environmental group argues should be protected to ensure the survival of rare wildlife including the ancient sawfish. The West

Price caps risk NDIS walkout

A battle worth hundreds of millions of dollars between therapists and the National Disability Insurance Agency represents a “clear and present threat” to the viability of the scheme as bureaucrats consider slashing prices paid for support by 40 per cent, sparking threats of a mass walkout by providers. The Aus

 

 

The Australian Financial Review

(No newspaper: Queen’s Birthday public holiday)

 

 

The Australian

Page 1: A battle worth hundreds of millions of dollars between therapists and the National Disability Insurance Agency represents a “clear and present threat” to the viability of the scheme as bureaucrats consider slashing prices paid for support by 40 per cent, sparking threats of a mass walkout by providers.

Donald Trump has declared he and North Korean leader Kim Jong-un have a “one-time shot” at changing the course of history tomorrow as both leaders flew to Singapore last night for the most anticipated summit in a generation.

A superannuation fund the Commonwealth Bank runs for its employees and their families is paying returns on uncomplicated and low-risk cash investments that are much higher than returns the bank pays members of the public for an identical product.

State and territory-based treaties with indigenous groups are “expensive gestures” that do not improve health, education or child protection outcomes, South Australian Premier Steven Marshall says.

Page 2: Only 900 properties went to auction across the nation last week, down from 2281 the previous week.

Leading environment groups fear international lobbying on reef protection and major fossil fuel projects could expose them to espionage charges under the federal government’s proposed new foreign interference laws.

Page 17: The nation’s energy market operator has warned that Australia “does not have the energy reserves it once had” to lean on in times of need as the power market undergoes an “unprecedented transformation”.

Failed sandalwood grower Quintis, which last year became the first high-profile victim of shortseller researcher Glaucus and slid into administration, is closer to being resurrected as a private company after creditors voted in favour of a deed of company arrangement.

The new country manager for German supermarket Kaufland, Julia Kern, has arrived in Australia to spearhead the global retailer’s assault on the $90 billion grocery sector as she also pushes through a restructure of her senior management ranks.

Global financial markets are poised for a volatile week as fallout from an acrimonious G7 summit comes amid historic US-North Korean leaders’ talks, major central bank policy decisions, a US deadline for imposing tariffs on Chinese goods, sustained pressure on Italian financial markets and emerging markets, top-tier economic data and speeches from Reserve Bank officials.

Page 18: Credit Suisse has emerged as the adviser to Fortescue Metals, which raided Atlas Iron’s share register last week in a move that appears to have scuppered an attempted takeover by Mineral Resources.

 

 

The West Australian

Page 1: Science Minister Dave Kelly will today release a report on WA’s space industry capability, making the case for basing the multimillion-dollar agency in the west as competition intensifies between potential host States and Territories.

Page 4: The WA economy has become “collateral damage” in the crackdown on lending standards aimed at pricking property bubbles in Sydney and Melbourne, a key member of the Federal Government has warned.

Page 6: In a letter to registered boat owners, the Department of Transport has blamed rising costs and the need for a “user-pays” system to reveal it will raise mooring fees by 11.5 per cent from next month.

Page 7: After years of meticulous planning and numerous well-publicised setbacks and delays in readying the $1.2 billion Perth Children’s Hospital, the transfer of patients from Princess Margaret Hospital to the new facility took place yesterday.

Page 10: More than a dozen WA medical academics, researchers and doctors have been recognised in this year’s Queen’s Birthday Honours list, prompting one recipient to suggest the State is the best place in Australia for health research.

Page 13: WA councillors are dobbing each other in for bad conduct in record numbers.

Business: In testimony at a Supreme Court trial, Commonwealth acknowledged Westgem Investments, which was developing Raine Square in the CBD, was unable to pay its bills when the bank took an extra $150 million worth of security over the company in May 2010.

WA pastoralists including Gina Rinehart want to expand production in the Kimberley by using a small amount of water from the Fitzroy River, which an environmental group argues should be protected to ensure the survival of rare wildlife including the ancient sawfish.

WA pastoralists have cautiously welcomed a package of potential land tenure reforms unveiled by Agriculture Minister Alannah MacTiernan in Carnarvon on Friday.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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