01/08/2018 - 06:52

Morning Headlines

01/08/2018 - 06:52

Bookmark

Save articles for future reference.

Palmer fight with Sino Iron a threat to WA’s mining future, CITIC warns

Palmer fight with Sino Iron a threat to WA’s mining future, CITIC warns

The head of CITIC Pacific Mining has warned that investment in Western Australia is at risk as China’s biggest conglomerate continues its running battle with Clive Palmer’s Mineralogy. The Fin

ASIC bows to banks on conduct code

The banks have had a significant win after convincing the corporate regulator to approve its revised Banking Code of Practice, which will apply to small businesses that borrow up to $3 million, lower than the $5 million level recommended by the small business ombudsman and the banks’ own independent expert. The Fin

Diving dollar could force RBA’s hand on rate hikes

The Australian dollar is at risk of a plunge that would threaten the nation’s AAA credit rating and force the Reserve Bank to raise interest rates sooner and higher than financial markets expect, ratings agency Moody’s has warned. The Aus      

Need for speed: ACCC push to boost monitoring of NBN

The competition regulator is keen to expand the scope of its broadband speed monitoring exercise as NBN Co gets ready to take the wholesale pricing discount off the table by October. The Aus                                                                                                                   

Dutton: Tax cuts could be Labor ammunition

Treasurer Scott Morrison has cautioned the Liberal Party against kneejerk reactions to Saturday’s byelection results, while at the same time stopping short of pledging to take company tax cuts for big business to the next election if rejected by the Senate. The Fin

Barely any school students expect to do TAFE diploma

A sharp fall in the number of school students expecting to get a TAFE diploma is set to increase the reliance on migrant workers to fill jobs in sectors including nursing and IT. The Fin

WA reef safari secret for sale

Sal Salis, an award-winning 16-tent beachside safari camp on 5.7ha leasehold in the Cape Range National Park, returns about $600,000 a year and its profitability is forecast to grow when tariffs rise next year. The West

Web retailers face US tax hit

Small businesses doing online trade to the US will be required to pay state sales taxes after a court ruling ended requirements for firms to have a physical presence in the jurisdiction. The Fin

 

 

The Australian Financial Review

Page 1: AMP chairman David Murray says he will push back hard against the ASX corporate governance principles and restore the primacy of the chief executive at the troubled wealth manager, to make the board and management more clearly accountable for their actions.

The Australian Securities Exchange is actively dissuading scores of immature tech companies from listing as it seeks to maintain standards and avoid reputational damage after the dramatic falls of Big Un and GetSwift.

Page 3: Treasurer Scott Morrison has cautioned the Liberal Party against kneejerk reactions to Saturday’s byelection results, while at the same time stopping short of pledging to take company tax cuts for big business to the next election if rejected by the Senate.

The banks have had a significant win after convincing the corporate regulator to approve its revised Banking Code of Practice, which will apply to small businesses that borrow up to $3 million, lower than the $5 million level recommended by the small business ombudsman and the banks’ own independent expert.

Page 5: Small businesses doing online trade to the US will be required to pay state sales taxes after a court ruling ended requirements for firms to have a physical presence in the jurisdiction.

Page 6: A joint scheme between Australia, the US and Japan to help build infrastructure in Indo-Pacific nations as a strategic alternative to China’s Belt and Road Initiative will struggle to match Beijing’s financial muscle, experts warn.

Page 8: A sharp fall in the number of school students expecting to get a TAFE diploma is set to increase the reliance on migrant workers to fill jobs in sectors including nursing and IT.

Page 15: Australia’s big four banks are exploiting rising funding costs to snatch mortgage market share from smaller rivals by lowering rates on some home loans, while industry minnows are forced to raise rates to maintain profitability.

Page 18: The head of CITIC Pacific Mining has warned that investment in Western Australia is at risk as China’s biggest conglomerate continues its running battle with Clive Palmer’s Mineralogy.

Page 19: ING will look to bolster its staff of Australian bankers with utility, agriculture and oil and gas experience, as it looks to double the size of its institutional book to $8 billion over the next three years.

Page 31: Mirvac has launched its build-to-rent residential club, securing the Clean Energy Finance Corporation as its first investor and kicking off the build-to-rent sector in Australia.

 

The Australian                                                                                                                          

Page 1: Athletes would be jailed for passing inside information to bookmakers, and suspected drug cheats would be stripped of protection against self-incrimination, under a dramatic integrity overhaul being considered by the federal government to protect Australian sport from a $US1 trillion, illegal betting industry.                                                           

Page 2: The Australian dollar is at risk of a plunge that would threaten the nation’s AAA credit rating and force the Reserve Bank to raise interest rates sooner and higher than financial markets expect, ratings agency Moody’s has warned.                                                

Page 5: Australia’s health services sector accounts for the highest number of data breaches, according to a new report, which is tipped to fuel security concerns about My Health Record.                                                                                                                                                             

Page 19: The competition regulator is keen to expand the scope of its broadband speed monitoring exercise as NBN Co gets ready to take the wholesale pricing discount off the table by October.                                                                                                                                        

Page 20: Discreet attempts by Macquarie Group to offload the Quadrant Energy business may have been placed on ice as some suggest the $5 billion energy powerhouse has become a victim of its own success.                                                                                                                            

Page 21: Ad spending in the free-to-air market increased 3.81 per cent to $1.36 billion in the six months through June, a big reversal from the past few years.                                                     

Page 22: Private hospital operator Healthscope remains a takeover target despite the sale of its Asian pathology business, with analysts suggesting private equity suitors still have the company in their sights.                                                                                                                                

Page 23: A lending crackdown by the mainstream banks is proving a boon for financial services company Credit Corp.

 

The West Australian

Page 13: Local councillors will soon face tighter rules on accepting gifts, including faster disclosure times, with the State Government to announce today its first wave of reforms.

Business: CITIC Pacific Mining boss Chen Zeng says he sees discounting for lower-grade iron ore in China as a fundamental change in the market because the Government’s push to reduce pollution would “go on forever”.

Serviced apartments giant Meriton has been fined $3 million for stopping more than 14,000 customers leaving a negative review on travel website TripAdvisor.

Property: Cooper & Oxley’s newly appointed chief executive Bob Hudson has promised the builder is entering a new era of transparency and will earn back the confidence of subcontractors working on its projects.

Sal Salis, an award-winning 16-tent beachside safari camp on 5.7ha leasehold in the Cape Range National Park, returns about $600,000 a year and its profitability is forecast to grow when tariffs rise next year.

Perth’s CBD office development hiatus has started to take the pressure off city leasing agents, Savills Australia WA managing director Graham Postma says.

The State Government is angling for a hefty slice of the multibillion-dollar global data centre industry, projected to be worth $55 billion in two years.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options