Big banks tackle APRA over $75b funding plan
Big banks tackle APRA over $75b funding plan
The big four banks will try to convince the prudential regulator to reconsider its proposal to force them to raise an additional $75 billion of so-called Tier II bonds to meet ‘‘too big to fail’’ capital requirements. The Fin
Trump to re-engage with Asia
Donald Trump has backed a fresh drive by the United States to re-engage with Australia and Asia on trade deals such as the Trans-Pacific Partnership, which he bailed from during his first week in office, says a rising Republican senator who instigated the push. The Aus
Royal Commission to hear thousands of abuse cases
Tens of thousands of cases of abuse, neglect and substandard care will be revealed at the aged-care royal commission when it opens this Friday as a blame game erupts between doctors and nursing homes over the prescription of antipsychotics for chemical restraint. The Aus
LNG projects driver in exports take-off
The start-up of vast LNG projects in north-western Australia has helped lift gas exports by 23 per cent to a record last year and point to a further solid increase this year despite the ‘‘increasingly tight’’ east-coast domestic market, according to consultancy EnergyQuest. The Fin
Gascoyne taps bank to fend off takeovers
Embattled gold producer Gascoyne Resources has quietly appointed Macquarie as adviser amid increased scrutiny of the company from would-be suitors. The Aus
Rinehart linen faces airing
Civil claims including fraudulent conduct and dishonest design allegations against billionaire heiress Gina Rinehart are set to be aired in a multifamily Supreme Court battle. The West
Takeover of corporate-crime trials
The Federal Court would be given responsibility for prosecutions of corporate criminals under a federal takeover being planned by the Attorney-General’s Department. The Fin
The Australian Financial Review
Page 1: Donald Trump has backed a fresh drive by the United States to re-engage with Australia and Asia on trade deals such as the Trans-Pacific Partnership, which he bailed from during his first week in office, says a rising Republican senator who instigated the push.
Page 3: Prime Minister Scott Morrison says business and voters are facing global economic ‘‘storm clouds’’ this year, ramping up pre-election warnings that Labor’s higher taxes will amplify an increasingly uncertain economic outlook
Australian winemakers are stockpiling supplies in European warehouses and reviewing where their companies are based, as they grapple with the increasing prospect of a disruptive Brexit in just 11 weeks’ time.
Page 4: Labor and the superannuation industry have rejected an idea for the government’s Future Fund to manage people’s superannuation, with industry funds arguing many of them are already delivering similar or better returns than the $149 billion sovereign wealth fund.
Page 5: Labor’s plan to limit deductions for tax advice to $3000 a year will cause a spike in non-compliance and could mean less revenue is collected, accountants claim.
Page 6: The Federal Court would be given responsibility for prosecutions of corporate criminals under a federal takeover being planned by the Attorney-General’s Department.
Page 8: An oversupply of blueberries that has forced prices down in supermarkets might be a source of joy for consumers but comes at a significant cost for farmers, who say the low prices are unsustainable for ongoing farming operations.
Page 13: The big four banks will try to convince the prudential regulator to reconsider its proposal to force them to raise an additional $75 billion of so-called Tier II bonds to meet ‘‘too big to fail’’ capital requirements.
Page 15: The start-up of vast LNG projects in north-western Australia has helped lift gas exports by 23 per cent to a record last year and point to a further solid increase this year despite the ‘‘increasingly tight’’ east-coast domestic market, according to consultancy EnergyQuest.
The Australian
Page 1: Tens of thousands of cases of abuse, neglect and substandard care will be revealed at the aged-care royal commission when it opens this Friday as a blame game erupts between doctors and nursing homes over the prescription of antipsychotics for chemical restraint.
Liberal frontbencher Christian Porter has issued a rallying cry to his Coalition colleagues, claiming voters in his mortgage-belt electorate are deeply worried about Labor’s plan to curb negative gearing and this could be a ticket to his and the government’s survival.
Page 2: Australian police helped stop a people-smuggling venture from Malaysia just 10 days ago, triggering a pre-election attack from Home Affairs Minister Peter Dutton, who declared Bill Shorten cannot be trusted on border protection and the boats “have not gone away”
Page 3: Fifty thousand veterans — some of whom served in Vietnam — are gearing up for a fight over a pension they say has cost them “millions’’ and left them being paid less than other retirees, despite having put their lives on the line for their country.
Page 4: Scott Morrison and Bill Shorten have placed tax and superannuation at the centre of the election, as the Opposition Leader appeals to low and middle-income Australians and is forced to defend his party’s economic policies.
Page 13: John Holland’s parent company, China Communications Construction Company, was asked to inflate costs on a Malaysian project by about $US7.5bn ($10.4bn), more than doubling its cost, according to documents obtained by The Australian.
The operator of Australia’s electricity grid has raised the prospect of household rooftop solar panels being retrofitted to ensure they meet compliance standards after some units failed to adequately respond to a major interconnector outage last year, which isolated two states from the power system.
Page 15: Embattled gold producer Gascoyne Resources has quietly appointed Macquarie as adviser amid increased scrutiny of the company from would-be suitors.
The West Australian
Page 3: Baby boomers are drinking at increasingly risky levels and the healthcare system is struggling to meet the needs of older Australians with alcohol related problems, according to research.
Page 4: Ichthys LNG facilities off the Kimberley coast are safe to operate, and issues with electrical equipment were manageable, according to project operator Inpex.
Business: Civil claims including fraudulent conduct and dishonest design allegations against billionaire heiress Gina Rinehart are set to be aired in a multifamily Supreme Court battle.
The Montara oil field off the Kimberley coast has resumed operations after a safety shutdown in November prompted by a string of potentially fatal incidents.
Valuation and auction industry veteran Ben Gibson will head the new Perth office of global advisory, restructuring and investment firm Gordon Brothers.
An explosive rally in the shares of Netflix is stoking interest in the US streaming giant’s financial results due next week, setting up the potential for volatile trading as bullish and bearish investors dig in.
