20/11/2018 - 06:41

Morning Headlines

20/11/2018 - 06:41

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Woodside stakes out pipe plan

Morning Headlines

Woodside stakes out pipe plan

Woodside Petroleum’s big and long-studied Browse LNG project off Western Australia has entered the commonwealth approvals process for the third time in the past 10 years, this time as a $US15 billion ($20.5bn) development that will pipe gas 900km to the North West Shelf LNG plant for up to 50 years. The Aus

Barley growers dismiss Beijing’s dumping claims

Australia’s grain producers have scoffed at a move by China to launch an anti-dumping investigation into billions of dollars in barley imports from Australia, saying they fear it is politically motivated after Canberra signed security and infrastructure deals to counter Beijing’s influence in the Pacific. The Fin

Property tax-break bill up $1.6bn

The cost to the budget of negative gearing tax breaks for investment properties has jumped by $1.6 billion a year following steep interest rate rises on investor and interestonly loans in response to regulatory curbs on lending that threaten the stability of the financial system. The Aus

Safety staff not sent to train crash

Australia’s transport accident investigator did not believe a 50,000 tonne BHP train racing driverless across the Pilbara until it was deliberately derailed warranted sending its investigators to the site of the crash. The West

CBA’s Comyn shifts blame for dud insurance sales to former execs

Commonwealth Bank chief executive Matt Comyn has shifted responsibility for the delay to stop selling dud insurance policies to the former CEO, Ian Narev, and former head of wealth management Annabel Spring, the Hayne royal commission has heard. The Fin

NBN Co defies retailers’ calls for price cuts

NBN Co chief executive Stephen Rue has refused to yield to pressure from retailers to reduce the wholesale costs of the NBN, saying the plans’ comparatively high cost was necessary to pay for the network. The Fin

ASIC probes Mitchell role in tennis rights

The corporate regulator has launched court action against legendary media figure Harold Mitchell, alleging that as a Tennis Australia board member he passed confidential information to the Seven Network to help it win the rights for the Australian Open. The Fin

 

 

The Australian Financial Review

Page 1: China’s peak security agency has directed a surge in cyber attacks on Australian companies over the past year, breaching an agreement struck between Premier Li Keqiang and former prime minister Malcolm Turnbull to not steal each other’s commercial secrets.

Australia’s grain producers have scoffed at a move by China to launch an anti-dumping investigation into billions of dollars in barley imports from Australia, saying they fear it is politically motivated after Canberra signed security and infrastructure deals to counter Beijing’s influence in the Pacific.

Commonwealth Bank chief executive Matt Comyn has shifted responsibility for the delay to stop selling dud insurance policies to the former CEO, Ian Narev, and former head of wealth management Annabel Spring, the Hayne royal commission has heard.

Page 2: China’s growing appetite for sheep meat and the impact of drought have pushed Australian mutton exports to their highest level in more than two decades as farmers brace for the fallout of the escalation in the trade war between Beijing and Washington.

Page 3: The corporate regulator has launched court action against legendary media figure Harold Mitchell, alleging that as a Tennis Australia board member he passed confidential information to the Seven Network to help it win the rights for the Australian Open.

Page 4: The Transport Workers Union will pressure Labor to give gig economy workers and independent contractors rights to collectively establish minimum pay and conditions as an alternative to sham contracting laws.

Page 8: The Morrison government will fund a package of measures to empower women totalling $109 million, including scholarships for women in finance and early access to superannuation for domestic violence victims.

Page 9: Treasury secretary Philip Gaetjens has delivered a pre-election warning to both sides of federal politics that government debt levels need to be lowered to replenish Australia’s fiscal ammunition for a future economic downturn, as he signalled wariness about the fragility of global asset prices.

Page 15: Myer’s second-largest shareholder says worse than expected first-quarter sales show the retailer’s new focus on profits over sales is playing out and it will back directors and management despite Solomon Lew’s renewed push to spill the board.

Viva Energy chief executive Scott Wyatt says petrol sales have improved after a tough start to the year but has blamed retail partner Coles for the division not reaching its potential.

Page 17: NBN Co chief executive Stephen Rue has refused to yield to pressure from retailers to reduce the wholesale costs of the NBN, saying the plans’ comparatively high cost was necessary to pay for the network.

Page 35: Purplebricks Australia chief executive Ryan Dinsdale has joined an exodus of senior managers from the embattled fixed-fee agency, after just 2 1/2 years in the role.

Page 40: The WA Department of Transport has signed a 12-year lease for a 800sq m retail/commercial shop with yard area at 660 Beeliar Drive, Success in WA, to accommodate an expansion.

 

           

The Australian                                                                                                                          

Page 1: An alliance of well-known Australians has launched a centreright political machine in a bid to rival union-backed activist group GetUp and vowed to campaign as a registered third-party organisation against the Left ahead of next year’s election.

Scott Morrison says he expects the cap on Australia’s migration intake to be slashed by 30,000, promising an improvement in how the country manages population in its “clogged” cities.

Page 5: The cost to the budget of negative gearing tax breaks for investment properties has jumped by $1.6 billion a year following steep interest rate rises on investor and interestonly loans in response to regulatory curbs on lending that threaten the stability of the financial system.

Page 8: A major farmers’ group in Western Australia is supporting gas fracking, saying the practice can be done safely and would bring major economic and social benefits to rural communities.

Page 18: Chief executive Rob Scott has given little away about where the company may outlay large sums of cash for an acquisition, but some chatter in the market suggests it has cast its eye over Mineral Resources’ Wodgina lithium project.

Page 20: Woodside Petroleum’s big and long-studied Browse LNG project off Western Australia has entered the commonwealth approvals process for the third time in the past 10 years, this time as a $US15 billion ($20.5bn) development that will pipe gas 900km to the North West Shelf LNG plant for up to 50 years.

 

 

The West Australian

Page 3: Australia’s transport accident investigator did not believe a 50,000 tonne BHP train racing driverless across the Pilbara until it was deliberately derailed warranted sending its investigators to the site of the crash.

Page 14: WA’s public sector watchdog has farmed out its inquiry into the North Metropolitan Health Service bribery scandal, prompting questions about why the agency could not do the job.

Business: WA fishermen could soon be paid better prices for hundreds of tonnes of low-valued bycatch caught each year, because of an initiative to get underutilised species in vogue with future chefs.

Luke Herbert’s private Linkforce mining services businesses have delivered multimillion-dollar profits in what the entrepreneur describes as a tough but improving market for the sector.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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