18/01/2019 - 06:02

Morning Headlines

18/01/2019 - 06:02

Bookmark

Save articles for future reference.

Federal Opposition Leader Bill Shorten has kicked off his election campaign with a searing attack on big business and the wealthy, in a populist tirade that named and shamed one of Australia’s most iconic companies, miner BHP.

Shorten attacks BHP, business

Federal Opposition Leader Bill Shorten has kicked off his election campaign with a searing attack on big business and the wealthy, in a populist tirade that named and shamed one of Australia’s most iconic companies, miner BHP. The Fin

Woodside could trim holding in Scarborough gas venture

Woodside Petroleum has signalled a major reshuffle of ownership in its $US11 billion ($15.4 billion) Scarborough gas project in Western Australia as partner BHP considers increasing its stake and it negotiates to bring in partners from Asia. The Fin

Time for a sheep fight

Furious WA farmers are preparing to sue the Federal Government if it does not ditch new rules they believe will kill the $250 million live sheep export industry. The West

EU looks to extend Brexit pain

EU officials are looking at plans to delay Brexit until next year if British Prime Minister Theresa May drops her “red lines’’ and returns to Brussels with a request to remain in the EU Customs union. The Aus

Coalition ponders investor data plan

The government is investigating a national data policy that would help law enforcement agencies and the foreign investment regulator better adjudicate on sensitive cases. The Fin

Funds end in the red after a horror year

Australian fund managers have experienced their worst annual returns in nearly a decade, buffeted by heightened volatility and sharp falls in global markets. The Aus

Regulator won’t dig deep on Ichthys safety

The offshore safety regulator has decided not to review the versions of reports that damned electrical safety on the offshore facilities of Inpex’s Ichthys LNG project. The West

 

The Australian Financial Review

P1: Federal Opposition Leader Bill Shorten has kicked off his election campaign with a searing attack on big business and the wealthy, in a populist tirade that named and shamed one of Australia’s most iconic companies, miner BHP.

P1: The government is investigating a national data policy that would help law enforcement agencies and the foreign investment regulator better adjudicate on sensitive cases.

P5: The Foreign Investment Review Board’s decision to increase the level of screening of Chinese companies investing in Australia was unnecessary and a backflip on the promises made in the China-Australia Foreign Trade Agreement (FTA), Chinese investors, private companies and deal makers say.

P6: Labor’s plan to scrap cash refunds for franking credits to low-taxed investors is a ‘‘horrible’’ complication of the tax system that will unfairly penalise self-managed superannuation funds, says the economist who led the Keating government’s review of national savings.

P8: Residential building activity is expected to fall 15 per cent over the next two years, a significant drag on the economy that will be offset by a large pipeline of non-residential projects, economists say.

P15: Woodside Petroleum has signalled a major reshuffle of ownership in its $US11 billion ($15.4 billion) Scarborough gas project in Western Australia as partner BHP considers increasing its stake and it negotiates to bring in partners from Asia.

P16: Quadrant Private Equity is considering taking a substantial amount of money off the table at tourism company Experience Australia Group, which owns the Ghan and Indian Pacific rail businesses and ferry services in Western Australia and Queensland, as part of a larger recapitalisation of the business.

P17: Department store chain David Jones is the latest retailer to reveal that sales tanked in the run-up to Christmas as consumers, rattled by falling house prices and struggling with higher living costs, stayed away from shopping centres or shopped online.

P19: Citi is set to launch a ‘‘back to basics’’ lending campaign that will slash nearly 240 basis points off principal and interest loans, turning a flagship loan from being the industry’s most expensive to among the cheapest.

 

The Australian

P1: Doctors have blamed falling numbers of GPs seeing patients in nursing homes on poorly trained and overworked nursing staff, younger colleagues opting out and Medicare rebates that are too low to cover the cost of visits.

P1: EU officials are looking at plans to delay Brexit until next year if British Prime Minister Theresa May drops her “red lines’’ and returns to Brussels with a request to remain in the EU Customs union.

P5: Falling house prices are scaring off both property investors and home owners thinking of upgrading, but the housing downturn is creating new opportunities for first-home buyers.

P15: Australian fund managers have experienced their worst annual returns in nearly a decade, buffeted by heightened volatility and sharp falls in global markets.

P15: The biggest advocate for a multibillion-dollar gas pipeline across Australia still believes the ambitious project has a future, despite a federal government-funded study finding it doesn’t stack up.

P15: South32 has been inundated with offers for its South African thermal coal business, with neither its geography nor its commodity deterring would-be buyers.

P16: Online retailer Kogan says Black Friday sales are the future of online retail, as the company’s shares surged more than 20 per cent yesterday off a blockbuster holiday period.

P17: Woolworths will be the first Australian supermarket to develop and sell its own private label halal-certified product.

P18: Federal prosecutors are pursuing a criminal investigation of China’s Huawei Technologies for allegedly stealing trade secrets from US business partners, including technology used by T-Mobile US to test smartphones.

 

The West Australian

P1: Furious WA farmers are preparing to sue the Federal Government if it does not ditch new rules they believe will kill the $250 million live sheep export industry. 

Business: The offshore safety regulator has decided not to review the versions of reports that damned electrical safety on the offshore facilities of Inpex’s Ichthys LNG project.

Tianqi Lithium’s landmark first stage $400 million plant at Kwinana is all-but finished and into a long commissioning phase that should lead to Asian customers taking high-value lithium hydroxide from WA in the second half of the year.

Two North West Shelf LNG trains will need to operate for more than 50 years to process gas from Woodside’s Browse project until 2040.

HBF has tapped a management consultant who helped devise its new growth strategy to take a key role in rolling out the plan.

Rallying minority shareholders in Flinders Mines have succeeded in getting a meeting to vote on the proposed delisting of the company postponed until next month.

 

 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options