27/02/2019 - 06:39

Morning Headlines

27/02/2019 - 06:39

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Morning Headlines

Bid on Newmont frees Kalgoorlie sale

Blackstone sells offices to Primewest

Labor wants broader export of education

Afterpay to ‘lead way’ on regulation

Campaigners set for ground war in State ‘ripe for change’

Food evangelists set trend

  

 

Bid on Newmont frees Kalgoorlie sale

While it still may be regarded as a longshot, Canada-based Barrick Gold’s hostile bid for rival Newmont Mining would free up the world’s biggest gold miner to sell Australian assets such as their Kalgoorlie super pit joint-venture. The Fin

Blackstone sells offices to Primewest

Blackstone has sold a Perth office building for $86 million to John Bond’s Primewest as the American private equity giant sells down its investments in the WA capital city. The Fin

Labor wants broader export of education

International education in Australia – the country’s third-largest export industry and worth $32.4 billion to the economy – is at risk of becoming too reliant on a handful of countries and needs diversification, according to the federal opposition. The Fin

Afterpay to ‘lead way’ on regulation

Afterpay Touch chairman Anthony Eisen has promised to take a leadership position when it comes to developing regulation for the “buy now, pay later” sector as the financing company said it would use investment in technology to get a better look at its customers’ credit position. The Aus

Campaigners set for ground war in State ‘ripe for change’

An army of up to 1000 union volunteers is preparing to storm Government-held seats in WA, with a record number of resources ready to be deployed. The West

Food evangelists set trend

Farmers must engage with consumers, be transparent and show they are listening to earn a social licence amid powerful “food evangelists” who are reshaping consumer mindsets about food and agriculture worldwide. The West

 

 

The Australian Financial Review

Page 1: The federal government will consider underwriting a hydroelectricity project in Tasmania today, as it rejected claims its multibillion-dollar investment in Snowy 2.0 was not economically viable and would crowd out investment in other back-up power sources.

Page 5: International education in Australia – the country’s third-largest export industry and worth $32.4 billion to the economy – is at risk of becoming too reliant on a handful of countries and needs diversification, according to the federal opposition.

The Australian Competition and Consumer Commission’s financial services unit has two inquiries under way that ‘‘go to the heart of competition in banking’’.

Page 6: The Telecommunications Industry Ombudsman has slammed telcos for selling long-term post-paid mobile phone plans without adequately checking whether their customers are in a position to pay.

Page 8: Almost $11 billion flowed out of scandal-plagued retail superannuation funds into industry funds in 2018, with AustralianSuper the biggest winner and AMP the biggest loser.

Page 10: While it still may be regarded as a longshot, Canada-based Barrick Gold’s hostile bid for rival Newmont Mining would free up the world’s biggest gold miner to sell Australian assets such as their Kalgoorlie super pit joint-venture.

Page 12: Intense scrutiny on the buy-now, pay-later sector has left its mark on Afterpay co-founder Anthony Eisen, who says the government’s open banking policy will help it conduct more rigorous checks on customers’ capacity to repay debt.

Page 15: Investors have shrugged off concerns about the slow pace of Caltex Australia’s convenience retailing revamp and ultra-weak refining margins, instead focusing on a surprise $260 million capital return after the fuels supplier took a potential $500 million sale-and-leaseback deal for its retail sites off the table.

Page 17: TPG Telecom will write down the value of its abandoned mobile network by $228 million following its decision to cancel construction because of the government’s ban on Huawei providing equipment for 5G networks.

Page 31: Blackstone has sold a Perth office building for $86 million to John Bond’s Primewest as the American private equity giant sells down its investments in the WA capital city.

 

 

The Australian

Page 2: The government plans to overhaul the Administrative Appeals Tribunal to slash its bureaucracy and deal with the boom in migration and refugee challenges, which last year grew 43 per cent.

Page 3: School principals are taking out restraining orders against violent and aggressive students and parents, it has been claimed, amid rising numbers of school leaders being threatened, stalked and assaulted while at work.

Page 8: A Reserve Bank interest rate cut might help improve consumer confidence but it is unlikely to boost housing prices, which have fallen almost 1 per cent this month.

Page 10: Australia’s new Joint Strike Fighter aircraft may one day patrol the skies accompanied by cheap, pilotless drones that provide additional surveillance and protection against hostile fire.

Page 11: Donald Trump and Kim Jong-un arrived in Hanoi yesterday ahead of their second summit, with a dinner in a luxury hotel tonight expected to pave the way for a deal to be announced tomorrow.

Page 19: Afterpay Touch chairman Anthony Eisen has promised to take a leadership position when it comes to developing regulation for the “buy now, pay later” sector as the financing company said it would use investment in technology to get a better look at its customers’ credit position.

Page 20: A deal likely to be tabled shortly by the Canadian group Nutrien will value Australian agricultural company Ruralco at nearly $450m, but already investors are wondering if this is the first step in a strategic battle to play out for the company.

 

 

The West Australian

Page 9: Nearly one in two WA school leaders has been physically attacked by students or parents in the past year, a nationwide survey has found.

Page 12: Taxpayers paid almost $180,000 for a global recruitment firm to spend months compiling a short list of candidates for the position of ABC chairman — but the money may have been for nothing.

Page 14: An army of up to 1000 union volunteers is preparing to storm Government-held seats in WA, with a record number of resources ready to be deployed.

Page 24: Farmers must engage with consumers, be transparent and show they are listening to earn a social licence amid powerful “food evangelists” who are reshaping consumer mindsets about food and agriculture worldwide.

Page 25: Perth mining boss Michael Fotios has narrowly avoided jail, receiving a $51,500 fine in the Perth Magistrate’s Court yesterday after pleading guilty to seven Commonwealth tax charges.

Page 26: SRG Global shares have been hit after delayed projects forced a cut to guidance for the first financial year since it was formed by the merger of SRG and Global Construction Services.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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