10/07/2018 - 06:25

Morning Headlines

10/07/2018 - 06:25

Bookmark

Save articles for future reference.

Mining faces deep hole as students tune out

Morning Headlines

Mining faces deep hole as students tune out

Australia’s mining industry is facing a potentially crippling lack of engineering talent in the years ahead amid a disturbing plunge in student enrolment. The Aus

MEC Resources board faces revolt by group of investors

An intense boardroom battle will come to a head today when a group of MEC Resources shareholders tries to roll the board of the gas exploration company. The Aus

Packer steps down from CPH board

James Packer resigned from the board of his private investment company, Consolidated Press Holdings, last month, taking another step away from active involvement in business. The Fin

Twiggy, Santos battle over gas developments

A spat over gas prices has erupted between the Andrew Forrest-backed consortium planning to build Australia’s first import facility and Santos as concerns grow that the domestic producer may be forced to shelve its controversial Narrabri project in gas-starved NSW. The Aus

Brexit crisis threatens British PM

A Brexit rebellion is threatening to bring down the British Conservative government, with Prime Minister Theresa May fighting for her political life after foreign secretary Boris Johnson resigned late last night on the eve of a NATO summit. The Aus

AMP warns planners on risky advice

AMP has put more than 300 advisers on notice that it may discontinue their licence to provide financial advice as the under-pressure wealth manager tries to reduce risks, amid a corporate watchdog probe and possible legal action. The Fin

WestStar wins South Flank

Construction contractor WestStar Industrial has been awarded a second order with BHP Billiton for the South Flank iron ore mine in Western Australia. The Fin

VEEM uses 3-D printing to propel partnership

Precision engineering group VEEM will look at using 3-D printers to make its marine propellers and gyrostabilisers as part of a new industry partnership with fellow listed Perth company Aurora Labs. The West

Tougher tax rules to snare foreign execs

Foreign-based executives of ASX companies, globe-trotting investors and professional sports stars will be automatically taxed as Australian residents if they spend more than 183 days in the country in any 12-month period. The Fin

 

 

The Australian Financial Review

Page 1: AMP has put more than 300 advisers on notice that it may discontinue their licence to provide financial advice as the under-pressure wealth manager tries to reduce risks, amid a corporate watchdog probe and possible legal action.

Foreign-based executives of ASX companies, globe-trotting investors and professional sports stars will be automatically taxed as Australian residents if they spend more than 183 days in the country in any 12-month period.

Sequoia Capital, the Silicon Valley venture capitalists which also backed Google, Instagram and PayPal, are now backing Q-Ctrl, a quantum computing software company based out of the University of Sydney.

Page 3: Deputy Prime Minister Michael McCormack is tempering colleagues’ demands that $5 billion in funding to build new coal-fired power stations and upgrade existing ones be bolted on to the National Energy Guarantee, warning it cannot be allowed to ‘‘blow’’ up a deal with the states.

Page 5: Companies including NAB, Bupa and KPMG are banning vending machines, introducing healthy snacks and forcing staff off sugar in a push to boost productivity and make employees healthier.

Page 6: The clean energy sector is hoping new performance standards for home battery storage units – which allows households and small commercial systems to compare different battery types – will help the uptake of the new technology in Australia.

Page 8: Plans to relax audit requirements for well-behaved self-managed superannuation funds have been described as ‘‘very problematic’’ by professional auditors, who are fighting the change.

Page 11: Importing LNG into the south-east could further boost east coast gas prices rather than lower them, Macquarie Equities has suggested in research that has been swiftly rejected by backers of import projects but looks set to be seized by their critics.

Macquarie Bank has joined the ranks of lenders lifting their variable mortgage rates, shifting the spotlight to the big four banks and how they might manoeuvre to protect profit margins.

James Packer resigned from the board of his private investment company, Consolidated Press Holdings, last month, taking another step away from active involvement in business.

Page 13: Airport operators face price caps and service benchmarks after the Productivity Commission has warned it will examine if airports are operating as monopolies.

Village Roadshow is expected to use funds from a capital raising and asset sales to reduce debt, invest in new cinemas and the Topgolf park franchise, which opened its first park in Australia on the Gold Coast in June.

Page 14: Nickel and gold miner Independence Group delivered a 23 per cent rise in quarter-on-quarter production from its Nova mine in the June quarter, but for the full year it fell 3 per cent below guidance.

Construction contractor WestStar Industrial has been awarded a second order with BHP Billiton for the South Flank iron ore mine in Western Australia.

Page 20: Australia has reached ‘‘peak plastic’’ and credit card transactions will now start to decline, as people increasingly adopt mobile and wearable payment technologies, according to the new country manager of Visa.

 

 

The Australian

Page 1: A Brexit rebellion is threatening to bring down the British Conservative government, with Prime Minister Theresa May fighting for her political life after foreign secretary Boris Johnson resigned late last night on the eve of a NATO summit.

Page 2: Labor says Malcolm Turnbull and the major power companies must prove why a royal commission into energy retailers is unnecessary as the government prepares to release a key review of soaring electricity prices by the competition watchdog.

Australia’s top financial intelligence agency has issued a scathing criticism of the country’s money-laundering laws, and a police watchdog has warned AUSTRAC’s limited resources could leave its staff more vulnerable to corruption.

Casino billionaire James Packer has quit the board of his family investment company, Consolidated Press Holdings, as he continues his struggle with mental-health problems.

Page 6: A second major computer system meltdown in as many years at the National Disability Insurance Scheme still hasn’t been fixed two months after it began, blocking access to plan-development tools for thousands of external staff.

Page 8: Regional aviation has scored a crucial win, with costs to be reined in following an insurance agreement for flight examiners.

Page 17: A spat over gas prices has erupted between the Andrew Forrest-backed consortium planning to build Australia’s first import facility and Santos as concerns grow that the domestic producer may be forced to shelve its controversial Narrabri project in gas-starved NSW.

Australia’s mining industry is facing a potentially crippling lack of engineering talent in the years ahead amid a disturbing plunge in student enrolments.

Woolworths chief executive Brad Banducci has written to thousands of suppliers to outline a new responsible sourcing program that will be compulsory for any food, grocery and general merchandise manufacturer that wants to do business with the chain.

Page 18: An intense boardroom battle will come to a head today when a group of MEC Resources shareholders tries to roll the board of the gas exploration company.

Page 19: The corporate watchdog has attempted to force Westpac to hand over any private messages sent between the bank’s most senior executives and its star traders, including Col Roden and Sophie Johnston, in the period after the Federal Court found the lender engaged in unconscionable conduct by trying to rig the benchmark BBSW rate.

Page 20: Borrowers holding about $400 billion worth of interest-only loans are set to face a tight squeeze on their household incomes, in further evidence put forward by analysts concerned about the likelihood of a credit crunch in the Australian economy.

 

 

The West Australian

Page 9: Perth bus drivers will be able to turn away riders looking to buy fares with $50 or $100 notes under new laws, amid a crackdown on freeloaders exploiting a lack of change held on board.

Page 14: The university sector has hit back at Federal Education Minister Simon Birmingham over suggestions the Government could use its funding powers to force tertiary institutions to make science and maths teaching a priority.

Page 16: The banking royal commission has been told the ANZ may have breached the industry’s code of conduct and failed to meet community expectations over the way it ended the farming career of a WA family.

Discounted Qantas airfares for flights between Perth and Broome starting next month are showing signs of bolstering tourism in the Kimberley.

Fremantle’s historic Victoria Hall looks set to be put up for sale once the Fly By Night Musicians Club moves out next month.

Business: Precision engineering group VEEM will look at using 3-D printers to make its marine propellers and gyrostabilisers as part of a new industry partnership with fellow listed Perth company Aurora Labs.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options