09/01/2019 - 06:45

Morning Headlines

09/01/2019 - 06:45

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Industry super roars to the lead

Morning Headlines

Industry super roars to the lead

Industry superannuation funds are on track to overtake self-managed super funds to become the dominant players in the $2.7 trillion retirement savings system within the next two years. The Fin

$600m bill for Labor’s dole change

Federal Labor will need to find as much as $600 million in the budget ahead of the next election to pay for a relaxation of what it calls “punitive” welfare laws. The Fin

Paris treaty ‘to shrink economy’

Australia’s economy will be among the worst affected by the Paris climate change agreement, enduring slower growth, fewer jobs and a “notable” 6 per cent slump in the exchange rate, according to a new analysis of the global accord. The Aus

Perth dollar trips again

Overseas visitors to WA spent $166 million less than they did a year ago, figures to be released today reveal, in more bad news for the tourism sector. The West

Expansion of Garden City yet to bloom

A planned $750 million redevelopment of Garden City shopping centre in Booragoon is still waiting on a construction go-ahead, months after building was due to get under way. The West

Gorgon in greenhouse excess

The problematic start-up of the Gorgon LNG project proved costly to the environment as burning of excess gas produced more than 1.5 million tonnes of greenhouse gases a year for the first 16 months of operation. The West

Vodafone TPG merger a 5G must

The federal government ban on Chinese company Huawei means the merger between Vodafone and TPG is needed to create the scale to build a third 5G network with wide enough coverage to compete with Optus and Telstra, says the head of Vodafone Australia, Inaki Berroeta. The Fin

$1.1 trillion Amazon seizes market crown

Amazon.com is the latest technology titan to claim the crown of world’s most valuable public company, signalling the industry’s enduring market dominance even after turbulent months in which investors pummelled their shares. The Aus

 

 

The Australian Financial Review

Page 1: Industry superannuation funds are on track to overtake self-managed super funds to become the dominant players in the $2.7 trillion retirement savings system within the next two years.

The federal government ban on Chinese company Huawei means the merger between Vodafone and TPG is needed to create the scale to build a third 5G network with wide enough coverage to compete with Optus and Telstra, says the head of Vodafone Australia, Inaki Berroeta.

Page 2: Singaporean statesman Kishore Mahbubani has warned that nations such as Australia will be ‘‘caught in a very difficult position’’ as US-China competition escalates, and advised they take measures to avoid being forced to choose between the great powers.

Page 3: The 2018 jobs boom in Australia was almost entirely driven by growth in public sector jobs, with private sector employment contracting through the year, analysis of ABS data has shown.

The absence of the national side’s two biggest stars and Australia’s first Test series loss to India on home soil has seen cricket television ratings take a hit, but fans have still switched on in reasonably large numbers.

Page 4: Class actions worth up to $50 million have hit top labour hire companies Hays and Stellar Recruitment over their allegedly unlawful use of casuals in the mining industry.

Superannuation funds may be compelled to provide a single figure encapsulating total fees and costs to make it easier for consumers to compare products under a plan being proposed by ASIC.

Page 13: FM Investors’ co-head of listed equities, Neil Carter, is urging the management of buy-now, pay-later company Afterpay to think less about profitability and more about grabbing market share.

Page 15: Australia’s oil and gas exploration sector is in revival mode as drillers gear up to test for potential discoveries and build on last year’s standout success, the internationally recognised Dorado oil find made by Quadrant Energy off the north-western coast.

Retailers are scrambling to avoid a ‘‘liquidity crisis’’ after in-store foot traffic fell 8 per cent between Black Friday and Boxing Day, compared with the previous year.

 

 

The Australian                                                                                                                          

Page 1: Australia’s economy will be among the worst affected by the Paris climate change agreement, enduring slower growth, fewer jobs and a “notable” 6 per cent slump in the exchange rate, according to a new analysis of the global accord.

Peter Dutton is urging all states to sign up to a national register of child-sex offenders that would allow the public to go online and check up on people in contact with their children or in their community.

Page 4: The architect of “mutual obligation” requirements under John Howard’s welfare reforms says the concept has been turned into a “sharp instrument used to punish people”, backing Labor proposals as the Coalition accused the ALP of kowtowing to the “welfare classes”.

Page 13: Amazon.com is the latest technology titan to claim the crown of world’s most valuable public company, signalling the industry’s enduring market dominance even after turbulent months in which investors pummelled their shares.

Page 15: A possible $2 billion takeover of Healius by China’s Jangho Group was unlikely to be approved by the Foreign Investment Review Board, given the massive amount of personal data and critical infrastructure the medical imaging company owns and operates, Citi analysts say.

 

 

The West Australian

Page 1: Federal Labor will need to find as much as $600 million in the budget ahead of the next election to pay for a relaxation of what it calls “punitive” welfare laws.

Page 4: Overseas visitors to WA spent $166 million less than they did a year ago, figures to be released today reveal, in more bad news for the tourism sector.

Page 10: Albany’s long-awaited waterfront hotel on the town foreshore is a step closer after planning support was granted this week.

Business: The problematic start-up of the Gorgon LNG project proved costly to the environment as burning of excess gas produced more than 1.5 million tonnes of greenhouse gases a year for the first 16 months of operation.

Debt management company Pioneer Credit is dipping its toe into the utilities market, buying a small portfolio of overdue accounts from a major energy retailer.

A planned $750 million redevelopment of Garden City shopping centre in Booragoon is still waiting on a construction go-ahead, months after building was due to get under way.

Farmers across WA harvested almost 600,000 tonne of lupins last year, but not all is destined for its usual use as stock feed.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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