31/07/2018 - 06:56

Morning Headlines

31/07/2018 - 06:56

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Wyatt looks at ending subsidies

Wyatt looks at ending subsidies

WA Energy Minister Ben Wyatt has signalled he supports scrapping or winding back subsidies for rooftop solar panels, suggesting they are no longer needed. The West

More abandon health insurance

The first annual fall in the number of Australians with private hospital cover since 2003 has highlighted continuing concerns about health costs that emerged as a significant factor in last weekend’s Super Saturday by-elections. The Aus      

Low-income earners ‘shrink inequality gap’

Low-income earners are making gains after inflation while those on top incomes are going backwards, contradicting claims inequality in Australia is worsening. The Aus

Lone Star strengthens its grip on Sino Gas

Sino Gas & Energy chief executive Glenn Corrie has declared ‘‘very good support’’ from shareholders for the $530 million cash takeover offer from US fund Lone Star, despite the offer price being near the bottom end of an independent expert’s valuation range. The Fin                                                                           

PM eyes deal on Catholic schools

Malcolm Turnbull has seized control of the government’s feud with the politically powerful Catholic schools sector following the breakdown in relations with Education Minister Simon Birmingham, inching closer to a funding deal that would prevent the potential closure of up to 350 schools. The Aus

Focus looks to sell off mothballed gold assets

Chinese-backed explorer Focus Minerals has put its two million ounce Coolgardie gold project on the market, five years after the mine was placed on care and maintenance. The West

Milestone as gas finally flowing at Ichthys wells

Inpex Corporation has reached a milestone at its $US40 billion ($54 billion) Ichthys liquefied natural gas project in northern Australia, starting up production of gas from the offshore wells ahead of the first LNG production by the end of September. The Fin

CEFC outlays record $2.3b on renewable energy projects

The Clean Energy Finance Corporation had record new commitments of $2.3 billion in the year to June 30, to solar and wind farms and energy-efficient building projects. The Fin

 


The Australian Financial Review

Page 1: The Turnbull government is splintering over its all-or-nothing approach to company tax cuts and may compromise by excluding the nation’s largest businesses, including banks.

Page 2: Hundreds of thousands of Australian Business Numbers are registered to people who should not be allowed to have one, prompting calls for better enforcement by accountants.

Page 5: One of Australia’s 100 richest people, tech entrepreneur Christian Beck, says he can’t get a loan from the bank and blames the Hayne royal commission.

Page 6: More women than men now hold a university degree but the gender pay gap and share of housework and childcare has barely moved, the latest release of the Household, Income and Labour Dynamics in Australia (HILDA) survey reveals.

Page 8: The Trump administration will help developing Indo-Pacific nations grow their digital economy, infrastructure and energy sectors as it strives to give the region a strategic rival to China’s Belt and Road initiative.

The Clean Energy Finance Corporation had record new commitments of $2.3 billion in the year to June 30, to solar and wind farms and energy-efficient building projects.

Page 11: A federal government-backed body has thrown its weight behind a plan for a national financial advice rating system for planning firms, as the sector attempts to reverse the destruction of trust brought about by a raft of bruising royal commission revelations.

Page 14: Sino Gas & Energy chief executive Glenn Corrie has declared ‘‘very good support’’ from shareholders for the $530 million cash takeover offer from US fund Lone Star, despite the offer price being near the bottom end of an independent expert’s valuation range.

Inpex Corporation has reached a milestone at its $US40 billion ($54 billion) Ichthys liquefied natural gas project in northern Australia, starting up production of gas from the offshore wells ahead of the first LNG production by the end of September.

Page 15: Commonwealth Bank, the nation’s largest mortgage lender, is cutting lending rates on popular fixed interest products for home buyers and investors by 10 basis points as funding pressures continue to force smaller competitors to raise rates.

Page 16: Pressure is mounting on Wesfarmers over its appointment of James Graham as chairman of Coles after the veteran banker revealed an interest in almost 800,000 shares in Wesfarmers worth $39 million.

Healthcare provider Healthscope confirmed it has sold its Asian pathology operations to private equity group TPG Asia for $279 million to raise cash to pay down debt and build more hospitals.

Page 31: The operators of medical centres, private hospitals and dental clinics are facing an income hit that could put them under financial strain after the introduction of new rules that cap how much rent they can charge pathology providers.

 

 

The Australian                                                                                                                          

Page 1: Malcolm Turnbull has seized control of the government’s feud with the politically powerful Catholic schools sector following the breakdown in relations with Education Minister Simon Birmingham, inching closer to a funding deal that would prevent the potential closure of up to 350 schools.                                                                                                

Low-income earners are making gains after inflation while those on top incomes are going backwards, contradicting claims inequality in Australia is worsening.                                                 

Page 2: The World Trade Organisation has singled out Australia as a global leader in imposing trade sanctions, with trade experts blaming the report card on bipartisan “odious protectionism” of the steel industry.                                                                                                         

Small business is pushing for more substantive reforms after the Fair Work Commission announced it would pursue changes to help employers navigate Australia’s complex industrial relations system.                                                                                                                      

Page 5: Prominent financial services expert and barrister Niall Coburn has said closing a longstanding but little-known loophole in superannuation legislation — which has meant the penalties under super law do not apply to wrongdoing under that law — could see trustees face penalties including punitive damages and even jail time.                                           

Page 17: Woolworths is acting quickly to secure its position as the nation’s largest online drinks retailer, as well as bolster its defences against incursions by Amazon, by creating an online portal that will support its flagship Dan Murphy’s chain and eventually roll out to BWS and its Langton’s fine wine auction house.                                                                                     

Page 19: The first annual fall in the number of Australians with private hospital cover since 2003 has highlighted continuing concerns about health costs that emerged as a significant factor in last weekend’s Super Saturday by-elections.                                                                          

Page 21: Analysts are divided over the fate of AMP after the beleaguered wealth management giant hit the reset button last Friday, but investors appear more confident, pushing the share price up 5 per cent in its best gain of the year to date.

 

 

The West Australian

Page 1: WA Energy Minister Ben Wyatt has signalled he supports scrapping or winding back subsidies for rooftop solar panels, suggesting they are no longer needed.

Page 7: The boss of the Perth Royal Show has vowed that “whispers” and “chitchat” will not move it from its Claremont home or September schedule despite it racking up a fourth year of heavy losses.

Page 8: Starting a small business by yourself may be one of the toughest challenges someone can set themselves, with a survey revealing that just half will survive the first year of operation.

Page 9: In 2016, it found 28 per cent of the population lived in private rented accommodation, up from 23 per cent in 2001.

Page 12: Federal Jobs Minister Michaelia Cash is facing fresh pressure after revelations the Australian Federal Police will refer an investigation of her office to Commonwealth prosecutors for possible charges.

Business: Federal Agriculture Minister David Littleproud has travelled to Israel to lobby for the country to continue to taking live animals from Australia.

Five times as many companies are likely to boost dividends from a year earlier than cut among the top 100 stocks reporting next month, according to data compiled by Bloomberg.

Independence Group has reiterated its commitment to finding a new Nova on the Fraser Range, as speculation continues to circle that major shareholder Mark Creasy has made a potential discovery there.

Chinese-backed explorer Focus Minerals has put its two million ounce Coolgardie gold project on the market, five years after the mine was placed on care and maintenance.

European luxury yacht makers have endorsed Perth engineering firm VEEM by buying its marine gyrostabilisers, sending its shares to a year-high.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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