Morning Headlines

Wednesday, 14 November, 2018 - 06:59
Category: 

Morrison’s $2b boost to SME loans

The Morrison government will inject $2 billion into the small business loan market in an unprecedented effort to boost lending to cash-starved firms which have complained of a worsening credit squeeze. The Fin

WeWork plans big Central Park move

Global co-working space phenomenon WeWork has Perth in its sights and is said to be in talks to lease 8000sqm in Perth’s prestigious Central Park tower. The West

Election worries weigh on economy

Businesses are growing more nervous ahead of the federal election as uncertainties about the housing market, a ramped-up trade war between the US and China, and volatility in oil prices affects the economic outlook. The Aus

Woodside boss rejects west-east gas pipeline

Woodside chief executive Peter Coleman has hit out at the prospect of a west-east gas pipeline, lamenting populist responses to the gas crisis that has seen domestic-only gas producers in NSW and Victoria lift prices, even though their exposure to export markets is minimal. The Aus

Metalicity joins Pilbara nearology plays

Explorer Metalicity became the latest company to put its foot on land in the Paterson province, sending its share price surging yesterday. The Fin

Cattle exports to China stall

Australia’s live slaughter cattle shipments to China have ground to a standstill because of tough and expensive trading protocols, dashing hopes of capturing a huge market three years after a free trade agreement was struck. The West

Tech stocks fuel markets rout

A renewed wave of heavy selling slammed the ASX, wiping $32 billion off the benchmark yesterday, with technology and healthcare stocks falling sharply on fresh doubts over some of the market’s most highly valued companies. The Fin

 

 

The Australian Financial Review

Page 1: The Morrison government will inject $2 billion into the small business loan market in an unprecedented effort to boost lending to cash-starved firms which have complained of a worsening credit squeeze.

A renewed wave of heavy selling slammed the ASX, wiping $32 billion off the benchmark yesterday, with technology and healthcare stocks falling sharply on fresh doubts over some of the market’s most highly valued companies.

Page 3: As many as 2.6 million people in large superannuation funds will be affected by Labor’s franking credit changes, the Financial Services Council says.

The Australian Competition and Consumer Commission has warned telco companies not to gouge customers on low-end national broadband network plans, after new wholesale pricing had a flood of customers move to higher speed plans.

Page 6: The Australia-Indonesia Free Trade Agreement is unlikely to come into effect until well into next year, possibly beyond the federal election, after Trade Minister Simon Birmingham indicated the deal could take months more.

Graziers, grain growers and citrus orchardists are among the biggest losers if the free trade agreement with Indonesia is delayed.

Page 10: Coalition and Labor federal governments have entered into contracts worth almost $3.4 billion with the big four accounting and consulting firms since 2007, with KPMG and PwC the big winners from the shift towards the private sector.

Page 17: Westpac and the corporate regulator look set for a court battle to test the bank’s conduct as a responsible lender, after the Federal Court refused to rubber stamp a settlement for the bank to pay a $35 million fine for breaching lending laws.

Page 18: Woolworths threatens to disrupt Coles’ first quarter as a standalone retailer by launching a range of collectable Christmas characters designed to mimic the success of Coles’ Little Shop promotion.

   

                                                                                       

The Australian                                                                                                                          

Page 1: Australia will take the lead in the rollout across Papua New Guinea of a multi-billion-dollar infrastructure program aimed at providing electricity and delivering the internet to 70 per cent of the Pacific nation, in a move to reassert Western power and push back against Chinese influence in the region.

Page 2: Global demand for coal has made a comeback but investment in new mining capacity is not keeping up, the International Energy Agency has warned.

Page 7: The amount of superannuation released early to pay for medical bills has increased by almost a third, to $278 million last year, as Australians find new ways to cover rising health costs.

Page 8: Two key Aboriginal groups in the Kimberley have voted to oppose fracking on their traditional lands — which contain vast untapped gas reserves — in a move aimed at intensifying pressure on the McGowan government to ban the practice.

A long-running dispute between Gina Rinehart and two of her children has gone before the High Court, as the mining billionaire attempts to keep details of the saga behind closed doors.

Page 19: Businesses are growing more nervous ahead of the federal election as uncertainties about the housing market, a ramped-up trade war between the US and China, and volatility in oil prices affects the economic outlook.

Page 22: Woodside chief executive Peter Coleman has hit out at the prospect of a west-east gas pipeline, lamenting populist responses to the gas crisis that has seen domestic-only gas producers in NSW and Victoria lift prices, even though their exposure to export markets is minimal.

 

 

The West Australian

Page 3: A colourful cast of characters is set to entertain at Yagan Square for Fringe World.

Page 4: Foodbank, which supplies necessities to more than 700,000 people a month, has had its funding restored after a communitywide outcry to plans to effectively halve its Federal assistance.

Page 12: A nasty split has emerged between the WA Liberals and one of its traditional allies after Australian Hotels Association WA boss Bradley Woods used an awards speech to blast the State Opposition and its leader Mike Nahan.

Page 14: A former Perth stockbroker who was extradited from New York after he ripped off more than $500,000 from the Australian Taxation Office was jailed for five years yesterday.

Business: Tighter lending standards forced on the nation’s lending institutions by the banking royal commission could plunge the economy into turmoil, wiping up to 30 per cent from the value of Australian homes.

Australia’s live slaughter cattle shipments to China have ground to a standstill because of tough and expensive trading protocols, dashing hopes of capturing a huge market three years after a free trade agreement was struck.

Explorer Metalicity became the latest company to put its foot on land in the Paterson province, sending its share price surging yesterday.

Property: Global co-working space phenomenon WeWork has Perth in its sights and is said to be in talks to lease 8000sqm in Perth’s prestigious Central Park tower.

A scheme to finance environmental upgrades of CBD buildings has been rolled out at 99 St Georges Terrace.

Work has started on a $45 million, 47-apartment development in Oxford Street, Leederville.

A Canning Bridge precinct development site is for sale for about $3.3 million.