29/10/2018 - 06:49

Morning Headlines

29/10/2018 - 06:49

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Morrison to boost small end of town

Morning Headlines

Morrison to boost small end of town

The federal government is developing a suite of economic measures to boost small business, as Prime Minister Scott Morrison prioritises smaller companies ahead of the ‘‘big end of town’’ entering the election race. The Fin

Talks over ‘low’ Navitas bid

Navitas will meet the consortium stalking the university education provider after suggesting the $5.50-a-share cash takeover offer tabled three weeks ago is too low. The West

PM slips as ratings go negative

Scott Morrison’s approval ratings have dropped into negative territory for the first time in the wake of the Wentworth byelection as voters punish the Coalition with a fall in support following its descent into minority government. The Aus

Premier: WA on the rise

Despite a report out today confirming WA as the weakest State or Territory economy, the Premier said there were clear signs of economic improvement in the mining sector and more broadly. The West

Trust in banks falls to new low

Only one in five Australians believes banks act ethically and only one in four thinks banks take responsibility for mistakes and keep their promises to customers, according to the damning findings in a new national survey. The Fin

Migrant workers robbed of $1bn

International students and backpackers in Australia are owed more than $1 billion in unpaid wages, but fewer than one in 10 workers take action to recover the money they are owed, a new landmark study has found. The Aus

Rio Tinto’s ‘economic impact’ runs to $43bn

Rio Tinto has commissioned a report to showcase what it says is a $43 billion annual economic contribution to the nation, as the heads of the world’s biggest miners head to Melbourne this week for industry meetings and a mining conference. The Fin

 

 

The Australian Financial Review

Page 1: The federal government is developing a suite of economic measures to boost small business, as Prime Minister Scott Morrison prioritises smaller companies ahead of the ‘‘big end of town’’ entering the election race.

Only one in five Australians believes banks act ethically and only one in four thinks banks take responsibility for mistakes and keep their promises to customers, according to the damning findings in a new national survey.

The Productivity Commission is wrong to conclude that industry superannuation funds beat bank-owned ones because they are gun investors, ratings house Chant West says.

Page 2: Big banks and hedge funds face a tax hit after Treasurer Josh Frydenberg flagged the government will respond to international pressure to reform the concessionally taxed offshore banking unit (OBU) regime.

Page 3: The Federal Court may be on a collision course with the banking royal commission over whether relying on a benchmark to estimate loan applicants’ living expenses represents a breach of responsible lending laws.

Page 4: Australia may not build the planned full complement of 12 next generation submarines, the navy’s program chief has revealed amid protracted and at times fractious negotiations with the French designer.

Page 6: Opposition leader Bill Shorten will flag that a future Labor government will seek to set up an infrastructure investment bank to fund projects for Australia’s small Pacific island neighbours, as part of its foreign policy to better engage with the region.

Page 12: Nearly half of skills-training organisations in the private sector failed to deliver the required amount of training in 2017-2018 and nearly three-quarters failed to comply with the standards for assessing students.

Page 13: Hedge fund VGI Partners has attacked Corporate Travel Management for aggressive accounting and poor disclosure, alleging that several of its international offices are ‘‘phantom’’ locations.

Page 15: RCR Tomlinson’s management team will face retail shareholders for the first time since the engineering group’s $57 million writedown at its annual general meeting on Tuesday as unions question why more than 100 workers were suddenly sacked from one of its solar projects in Victoria.

Ramsay Health Care’s French arm is set to successfully wind up its $1.3 billion takeover of European private hospital operator Capio after securing acceptances from shareholders holding 96.01 per cent of the stock.

Page 16: Bosses of the world’s biggest mining companies will meet in Melbourne this week to discuss a plan to phase out the industry’s heavy reliance on water when managing mine wastes or ‘‘tailings’’, while also seeking to raise the health and safety standards among the contractors and machinery suppliers.

Page 17: Bank profits will continue to get squeezed by a number of structural and cyclical factors, according to analysts.

Page 21: Economists are facing an eighth straight quarter of overcooking their forecasts if the consumer price index on Wednesday comes in below expectations, having been too bullish on the level of inflation in the economy for almost two years.

 

 

The Australian                                                                                                                          

Page 1: Scott Morrison’s approval ratings have dropped into negative territory for the first time in the wake of the Wentworth byelection as voters punish the Coalition with a fall in support following its descent into minority government.

Page 3: International students and backpackers in Australia are owed more than $1 billion in unpaid wages, but fewer than one in 10 workers take action to recover the money they are owed, a new landmark study has found.

Page 17: The nation’s embattled financial regulators will face additional scrutiny in coming weeks, when the chairs of ASIC and APRA appear in the royal commission witness box along with the chief executives of the major banks.

Investors are bracing for more volatility in the sharemarket after the US sell-off continued on Friday despite stronger-than-expected US economic growth data, as Amazon and Microsoft disappointed shareholders.

Page 18: Navitas is understood to have its investment bankers at Goldman Sachs working overtime on the $2 billion takeover bid received from BGH Capital this month.

Page 19: Rio Tinto has commissioned a report to showcase what it says is a $43 billion annual economic contribution to the nation, as the heads of the world’s biggest miners head to Melbourne this week for industry meetings and a mining conference.

 

                                

The West Australian

Page 1: Despite a report out today confirming WA as the weakest State or Territory economy, the Premier said there were clear signs of economic improvement in the mining sector and more broadly.

Page 3: More than half of West Australians support a tax on sugar-laden drinks blamed for rising rates of obesity in adults and children, a poll has found.

Page 7: WA charities will share millions of dollars to boost financial counselling services, as pressures grow on families to make ends meet.

Business: Navitas will meet the consortium stalking the university education provider after suggesting the $5.50-a-share cash takeover offer tabled three weeks ago 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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