23/11/2018 - 06:46

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23/11/2018 - 06:46

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ALP to make big polluters pay

ALP to make big polluters pay

The nation’s biggest polluting industries face emissions restrictions under a federal Labor government with a plan to make them offset excess emissions by buying credits or some other measure. The Fin

Watchdog ‘too cosy’ with the big banks

The corporate regulator’s close relationship with big banks was lambasted by the Hayne royal commission yesterday, forcing chairman James Shipton to defend his impartiality and appetite for stronger enforcement action. The Aus

China’s online sale move boosts exporters

Australian companies with a strong focus on China, including vitamin maker Blackmores and dairy producer a2 Milk, have enjoyed a share price boost after the economic powerhouse clarified rules for online sales channels. The Aus

OECD tips ‘robust’ economic growth

Australia’s economic growth is tipped to remain ‘‘robust’’ and ahead of most advanced economies through to the end of next year, despite global growth tempering and escalating financial risks emanating from the United. The Fin

Twiggy’s hydrogen kickstart

Iron ore magnate Andrew ‘‘Twiggy’’ Forrest’s Fortescue Metals Group and CSIRO have joined forced to deliver a $20 million deal to develop and commercialise new hydrogen technologies to support the creation of a new hydrogen industry in Australia. The Fin

BCI bullish on Mardie salt project

BCI Minerals boss Alwyn Vorster has described the company’s Mardie salt project as an undeveloped tier-one asset that could become the lowest-cost producer of sulphate of potash in the world. The West

Land titles investors told to go west; teaser sent to parties

Street Talk can reveal WA has kicked off the partial sale of the Western Australian Land Information Authority, also known as Landgate, with the release of a teaser document to potential buyers. The Fin

 

 

The Australian Financial Review

Page 1: The nation’s biggest polluting industries face emissions restrictions under a federal Labor government with a plan to make them offset excess emissions by buying credits or some other measure.

Macquarie chief executive Nicholas Moore has delivered a strong counter argument to the growing support for a regulator that litigates first and asks questions later, after delivering a masterclass at the Hayne royal commission on Thursday on how to run a complex financial institution.

Page 2: Any convicted terrorist will be stripped of their Australian citizenship if they are a dual national under tough measures announced by Prime Minister Scott Morrison and Home Affairs Minister Peter Dutton following recent terror plots.

Page 3: Australia’s population could virtually double to nearly 50 million people in less than 50 years and will grow even if there was significant cuts to immigration levels, according to new projections published by the Australian Bureau of Statistics.

Australia’s economic growth is tipped to remain ‘‘robust’’ and ahead of most advanced economies through to the end of next year, despite global growth tempering and escalating financial risks emanating from the United States, the Organisation for Economic Co-operation and Development says.

Page 5: Iron ore magnate Andrew ‘‘Twiggy’’ Forrest’s Fortescue Metals Group and CSIRO have joined forced to deliver a $20 million deal to develop and commercialise new hydrogen technologies to support the creation of a new hydrogen industry in Australia.

Page 13: Westpac was forced to defend its integrated wealth model against sustained questioning at the Hayne royal commission on whether it can manage conflicts of interest and should be charging ongoing service fees for advice.

Page 19: Chris Ellison-led Mineral Resources is forecasting a massive surge in mining employment as it works through the ‘‘most important’’ year in its history after striking a deal to sell a half-share in its Wodgina lithium project to battery metals giant Albemarle for $US1.15 billion ($1.58 billion).

Page 20: Street Talk can reveal WA has kicked off the partial sale of the Western Australian Land Information Authority, also known as Landgate, with the release of a teaser document to potential buyers.

Page 24: Macquarie and Goldman Sachs, the two investment banks tasked with selling Wesfarmers’ $20 billion demerger of Coles, have mixed views on the food and liquor retailer’s outlook.

 

           

The Australian                                                                                                                          

Page 1: The nation’s largest single electricity user has questioned how it will keep power running at its Tomago aluminium smelter under Labor’s 45 per cent emissions reduction target and $10 billion plan to turbo-charge investment in renewables, declaring that “batteries are not a solution”.

Page 2: Australian Securities & Investments Commission chairman James Shipton has blamed inadequate funding for leaving the watchdog hamstrung in chasing badly behaved bankers and rogue financial institutions and constraining it in “every aspect” of its work.

Page 4: Scott Morrison has used a meeting in Sydney with visiting Indian President Ram Nath Kovind to ramp up investment and trade relations between the two countries in a renewed attempt to strengthen Australia’s ties with the nation’s ninth-biggest trading partner.

Page 21: The corporate regulator’s close relationship with big banks was lambasted by the Hayne royal commission yesterday, forcing chairman James Shipton to defend his impartiality and appetite for stronger enforcement action.

Australian companies with a strong focus on China, including vitamin maker Blackmores and dairy producer a2 Milk, have enjoyed a share price boost after the economic powerhouse clarified rules for online sales channels.

Page 23:  The London-listed owner of corporate bookmaker Ladbrokes has paid up to $80 million for the online start-up of its former chief executive, who left the company just under two years ago.

The boss of Australian logistics giant Toll Group has pledged to owners Japan Post the company will be ‘‘cash flow positive’’ by 2021 after a financially tough first few years of ownership under its parent company.

Page 27: Fund manager AMP Capital has indicated it will exit one of its key international property holdings by selling its stake in the Singapore-listed AIMS AMP Capital Industrial REIT, which owns a near-$1.5 billion portfolio, and its half interest in the trust management company.

 

 

The West Australian

Page 3: State Attorney-General John Quigley has warned that Home Affairs Minister Peter Dutton might be promoting “crime tourism” amid an outcry from States over a change of immigration regulations that could allow killers to leave Australia without facing justice.

Page 4: Threats to protection officers working at Parliament by a man repeatedly speeding past the front of the building prompted new security measures labelled “ugly” and “cheap” by MPs on all sides of politics.

Page 6: Perth will have to accommodate another 300,000 residents in the next decade as the city’s dominance over the rest of WA grows but people look to other parts of the country to call home.

Page 18: The RSL national board stood down its chief executive Georgie Macris just a day after she revealed she had gone to Australian Federal Police with a box full of evidence of potential fraud and misconduct within the organisation.

Page 19: A move by the nation’s biggest bank to change the way it notifies customers with savings could lead to thousands being moved to less-competitive term deposit rates without their knowledge, consumer groups have warned.

Business: The Gorgon LNG project pumped out 3.5 million tonnes of greenhouse gases last financial year that could have been buried by its troubled $2.5 billion carbon dioxide injection system.

BCI Minerals boss Alwyn Vorster has described the company’s Mardie salt project as an undeveloped tier-one asset that could become the lowest-cost producer of sulphate of potash in the world.

The company behind Radio Rentals has cut its full-year profit forecast amid continued subdued activity in its household goods rentals and small business finance operations.

 

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