Morning Headlines

Monday, 27 August, 2018 - 06:51

Morrison faces lowest primary vote in a decade

An exclusive Newspoll conducted for The Australian shows the Coalition’s primary vote dropping four points to 33 per cent following the week-long chaos that ended Malcolm Turnbull’s leadership. The Aus

Bishop says dirty tricks knocked her out of PM contest

Julie Bishop has attacked the use of dirty tricks that saw her bumped from the race for prime minister last week, saying the Australian people are “looking for answers” in the wake of the Liberal Party turmoil. The West

Bottom line pushes budget closer to surplus

Josh Frydenberg’s first task as Treasurer will be to sign off on the final budget figures for 2017-18 that will show the government is closer to the first budget surplus since the final year of the Howard government. The Aus

ScoMo’s next generation cabinet

Scott Morrison’s new ministry demotes or ignores some key plotters in the coup against Malcolm Turnbull, rewards his own backers but also embraces the conservative policy agenda by appointing a Population Minister and removing emissions reduction as a consideration of energy policy. The Fin

NAB digs in after damning findings

National Australia Bank will fight damning findings by counsel assisting the banking royal commission that its behaviour was ‘‘ethically unsound’’ and demonstrated a disregard for superannuation fund members, regulators and the law. The Fin

$25m to fix WA road black spots

New roundabouts, wider roads, improved street lighting and audible edge lines are among more than 100 projects set to share in $25 million of black spot road funding to be announced today. The West

Optus re-engages with Amaysim over possible merger

Fresh takeover talks between Optus and listed telecoms group Amaysim are understood to have emerged in recent days on the back of news of a mooted $13 billion merger between Vodafone Hutchison Australia and TPG Teleco. The Aus

WA Club headed for closure

Two-thirds of the Western Australian Club’s members either pay no fees or the bare minimum, say administrators who have recommended the 125-yearold institution be wound up. The West

 

 

The Australian Financial Review

Page 1: Scott Morrison’s new ministry demotes or ignores some key plotters in the coup against Malcolm Turnbull, rewards his own backers but also embraces the conservative policy agenda by appointing a Population Minister and removing emissions reduction as a consideration of energy policy.

National Australia Bank will fight damning findings by counsel assisting the banking royal commission that its behaviour was ‘‘ethically unsound’’ and demonstrated a disregard for superannuation fund members, regulators and the law.

Page 2: Nearly half the workforce are not interested in doing further study to improve their skills, even though many of them expect they could live to 100 and know they’ll have to keep working longer.

Page 5: Federal president Nick Greiner has called for the Liberal Party to adopt new leadership rules to avoid further coups against prime ministers.

Page 6: There were mixed signals in Chinese state-owned media over the weekend about the political upheaval in Canberra last week, with some outlets highlighting Mr Morrison’s role in rejecting a number of Chinese foreign investment deals, including bids for the NSW electricity network Ausgrid.

Page 8: A class action law firm has intervened against the Construction, Forestry, Maritime, Mining and Energy Union over concerns the mining union’s settlement of $3.5 million in alleged underpayments robs its clients of potential claims.

Page 12: Federal Reserve officials are trying hard to ignore Donald Trump, and they’re going to keep doing that even if he continues to pressure the central bank to slow down or stop its gradual increases in interest rates.

Page 16: Street Talk understands RCR is seeking support for a $100 million-odd equity raising at a big discount to its last close, to ensure it is financially viable and can afford to keep bidding for new projects.

Page 18: New Coles managing director Steve Cain will ‘‘hit the ground running’’ when he starts his new job next month, Wesfarmers chief executive Rob Scott says.

Page 20: Andrew Forrest’s Fortescue Metals Group says future investment in a section of Australia’s iron ore heartland is at risk if a bid to overturn a native title ruling fails in the Federal Court this week.

Page 32: Australia’s rural property sector will provide some eye-catching results this spring with values on the rise.

 

 

The Australian                                                                                                                          

Page 1: An exclusive Newspoll conducted for The Australian shows the Coalition’s primary vote dropping four points to 33 per cent following the week-long chaos that ended Malcolm Turnbull’s leadership.

Page 3: Perth recorded a similar clearance result to last year, with 31 properties and a rate of 47.1 per cent this year, and 35 homes and a rate of 48.3 per cent last year.

Page 4: Josh Frydenberg’s first task as Treasurer will be to sign off on the final budget figures for 2017-18 that will show the government is closer to the first budget surplus since the final year of the Howard government.

Page 5: The free ride for renewable energy has ended with the appointment of Angus Taylor as energy minister.

Page 17: BHP has cut global growth forecasts for next year by half a percentage point because of rising trade tensions led by Donald Trump’s tariffs, with the big miner becoming more cautious than most about the near-term outlook for global trade that drives demand for its minerals.

Relief over Scott Morrison’s election as prime minister is expected to spill over into financial markets after Canberra’s new economic team was unveiled last night and the Coalition attempts to calm investors down after a tumultuous week.

Page 18: Fresh takeover talks between Optus and listed telecoms group Amaysim are understood to have emerged in recent days on the back of news of a mooted $13 billion merger between Vodafone Hutchison Australia and TPG Teleco.

Page 19: Superannuation funds have invested about $150 billion — a sum one-third the size of the entire national debt — of the public’s “cash” retirement savings into assets that are riskier or less liquid than the legal requirement.

Chile’s lithium major SQM has blamed Australian lithium miners for a forecast softening in prices for the key battery ingredient, warning that prices could fall as much as 10 per cent over the rest of this year.

 

 

The West Australian

Page 1: Julie Bishop has attacked the use of dirty tricks that saw her bumped from the race for prime minister last week, saying the Australian people are “looking for answers” in the wake of the Liberal Party turmoil.

Page 11: WA councils are threatening to suspend recycling from households that repeatedly put contaminated bins out for collection.

Page 12: New roundabouts, wider roads, improved street lighting and audible edge lines are among more than 100 projects set to share in $25 million of black spot road funding to be announced today.

Business: Two-thirds of the Western Australian Club’s members either pay no fees or the bare minimum, say administrators who have recommended the 125-yearold institution be wound up.

Elon Musk has scrapped his plan to take Tesla private, a remarkable reversal more than two weeks after blindsiding employees and investors with the idea in a bombshell tweet.