20/07/2018 - 06:45

Morning Headlines

20/07/2018 - 06:45

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Women lead WA jobs charge

Women lead WA jobs charge

Over the past year, the number of WA men with work has fallen by 3700 but that has been offset by a 17,800 increase in the number of women in work. The West

Hostplus on top as super funds rake it in

A stellar performance by the nation’s top super funds has seen them notch up double-digit returns in the year to June 30, smashing the median return of 9.2 per cent. The Aus                                 

MBA contends unpaid subbies an exception

Master Builders Association WA has rejected concerns about non-payment of subcontractors and shifted the blame to developers trying to “screw down prices”. The West                                                                                                                                             

Jobs boom raises stakes for RBA

The lowest trend jobless rate since late 2012 – when the Reserve Bank of Australia’s cash rate was more than double today’s 1.5 per cent – is raising fresh concerns households and investors are too complacent about the likelihood of rising borrowing costs. The Fin

Hayne to probe industry super funds over union sponsorships

The banking royal commission has subpoenaed industry funds as it looks to probe links between union sponsorships and some of the nation’s biggest retirement savings schemes.                                                                                                                                                                       The Aus

Beazley lashes Canberra for ignoring WA lithium ambition

Newly appointed WA Governor Kim Beazley has dispensed with apolitical protocols to scold the Federal Government’s lack of appreciation of WA’s potential as a hub for the downstream processing of battery minerals such as lithium. The West

Lendlease loses $7bn UK deal

Global development and construction company Lendlease has suffered a setback in expanding its British operations with a local council voting to dump a £4 billion ($7.04bn) development partnership that would have seen the pair build thousands of homes in London. The Fin                                                                                                                                                         

 

 

The Australian Financial Review

Page 1:  The lowest trend jobless rate since late 2012 – when the Reserve Bank of Australia’s cash rate was more than double today’s 1.5 per cent – is raising fresh concerns households and investors are too complacent about the likelihood of rising borrowing costs.

Page 2: Diabetes significantly raises the risk of developing cancer, according to a global review involving 20 million people.

Page 3: BlueScope Steel will on Friday sign the largest solar power purchasing deal by an industrial energy user in Australia, to lock into cheap renewables generation and rein in its energy costs, which have ballooned by more than $50 million in the past two years.

Page 7: Employee engagement tech start-up Culture Amp has raised $US36 million ($48.7 million) in one of the biggest capital raises of the year for a local company, with the business aiming to hit $100 million in revenue by 2020.

Page 15: Afterpay Touch co-founder Nick Molnar and chairman Anthony Eisen have each scored a $100 million paper profit in three weeks after shares in the retail payments provider soared 24 per cent on the back of strong growth in sales processed through its system.

Page 17: The deal, agreed this month by the partners including BHP, Chevron and Shell, also paves the way for gas from Woodside Petroleum’s Browse fields to be processed at the NW Shelf venture’s LNG plant in Karratha, said Woodside chief executive Peter Coleman.

Santos has revealed it is considering a formal proposal to invest in a promising gas field in Papua New Guinea, underscoring it is back on the growth path and wants to beef up its position in the important LNG sector.

Page 18: Rapidly expanding copper miner OZ Minerals will retain its dedication to regular shareholder returns when it updates its capital management strategy as early as next month.

Shares in Alumina Limited have traded at 10-year highs after a 30 per cent rise in alumina prices and a sliding Australian dollar delivered what some analysts believe were the best margins in the company’s history.

Page 19: Credit Suisse Australia has turned to global stalwarts of the business, James Disney and Michael Tan, to bolster its local team and help lift deal advisory prospects.

Page 25: Myer staff are bracing for more job cuts as new chief executive John King reduces duplication and layers of management in the retailer’s Melbourne headquarters while strengthening expertise in areas such as marketing.

 

 

The Australian                                                                                                                          

Page 1: Citizenship Minister Alan Tudge has warned Australia is veering towards a “European separatist multicultural model”, flagging a rethink of immigration settings that could include new migrants being assessed against Australian values before being granted permanent residency.                                                                                                                                     

A surge in hiring at the end of the financial year has demolished fears that strong jobs growth is beginning to fade.                                                                                                                        

Page 2: Labor has threatened an election showdown over climate change if the Turnbull government refuses to adopt a more flexible approach to the setting of emissions targets under its signature energy policy.                                                                                                     

Page 8: Donald Trump has finally blamed Russia’s Vladimir Putin for interfering in the 2016 US election but only after appearing to claim that Moscow was no longer targeting the US. Page 17: The banking royal commission has subpoenaed industry funds as it looks to probe links between union sponsorships and some of the nation’s biggest retirement savings schemes.                                                                                                                                                                         

A stellar performance by the nation’s top super funds has seen them notch up double-digit returns in the year to June 30, smashing the median return of 9.2 per cent.                                    

Page 19: Gaming group Tabcorp has agreed to pay News UK £39.5 million ($71m) to exit Sun Bets, the British online wagering and gaming business the parties have operated in partnership since 2016.                                                                                                                              

Page 23: Global development and construction company Lendlease has suffered a setback in expanding its British operations with a local council voting to dump a £4 billion ($7.04bn) development partnership that would have seen the pair build thousands of homes in London.                                                                                                                                                           

Page 24: Despite earning median incomes of almost $US470,000 ($639,000) the top in-house lawyers in Australia and New Zealand are dramatically underpaid compared with their international peers.

 

 

The West Australian

Page 3: The Perth property market is at its most affordable on record as falling prices and slowly rising wages give potential buyers their best chance of securing a home.                                           

Page 5: Social media stars better known for posing in bikinis and pushing extreme fasting diets are being paid thousands of dollars by the Federal Government to promote women’s health.

Page 6: Western Power says if anyone is liable for the 2014 Parkerville bushfire — which razed more than 50 homes — it is Noreen Campbell, 86, whose rotten power pole collapsed, sparking flames that became an inferno.

Page 7: Over the past year, the number of WA men with work has fallen by 3700 but that has been offset by a 17,800 increase in the number of women in work.

Page 10: A plan to install solar panels on buildings owned by the Shire of Collie in the South West has been torpedoed by councillors worried about the move undermining the town’s coal industry.

Fremantle ratepayers could be left with a bill to remove an international artist’s high-profile optical illusion from some of the port city’s heritage-listed buildings.

Page 16: Liberal backbencher Craig Kelly has been forced to apologise after a savage backlash to comments in which he said Russia’s involvement in downing flight MH17 should be overlooked in the pursuit of world peace.

Page 18: The State Government will start work on a new terminal at Busselton airport if Qantas chooses the town for its pilot training academy.

Business: Newly appointed WA Governor Kim Beazley has dispensed with apolitical protocols to scold the Federal Government’s lack of appreciation of WA’s potential as a hub for the downstream processing of battery minerals such as lithium.

Mineral Resources yesterday revealed it would ship far less iron ore from its newly acquired Koolyanobbing mine through Esperance than its predecessor.

Master Builders Association WA has rejected concerns about non-payment of subcontractors and shifted the blame to developers trying to “screw down prices”.

Evolution Mining says it is spending $15 million a year around its Mungari gold operation 20km west of Kalgoorlie to find a new high-grade replacement for its Frog’s Leg underground mine.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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