23/04/2019 - 05:25

Morning Headlines

23/04/2019 - 05:25

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Morning Headlines

Woodside CFO upbeat on prospects for Kitimat LNG

Woodside Petroleum and Chevron are working in an ‘‘extremely constructive and positive’’ manner on their long term plans for an LNG project in western Canada and there is no sign the effort will be derailed by Chevron’s $US50 billion takeover of Anadarko Petroleum, according to Woodside chief financial officer Sherry Duhe. The Fin

Ranger deal expands DDH1

Drilling group DDH1 Holdings has added iron ore-focused Ranger Drilling to its growing stable of companies that now employ more than 700 staff to operate its 84 drill rigs. The West

PM pledges $1bn SME growth fund

Scott Morrison will today pledge to help create 250,000 new small businesses over the next five years, and will also unveil an equity plan to help existing small and medium businesses expand. The Fin

Kingmaker: Palmer’s campaign hits pay dirt

A surge in support for Clive Palmer on the back of a $30 million advertising campaign has given the billionaire the power to act as kingmaker in marginal seats, as the Coalition closes in on Labor in at least two of those electorates. The Aus

New plea for Roe 8

The majority of people living in Melville and Cockburn want the Roe 8 and 9 highway extensions to be built, according to new Liberal polling which the party is hoping will reignite the debate over the controversial road. The West

Foreign worker pay rise

Labor will mandate an immediate 21 per cent increase to the minimum wage for foreign workers to stop what it says is the use of cheap imported labour to undercut locals. The Fin

Developers treble agent commissions

Property developers are more than trebling sales commissions to agents as lenders slash rates by up to 0.4 of a percentage point, increase discounts and refund mortgage insurance payments in the latest moves to attract business. The Fin

Woolies app promises to reduce empty shelves

Food and grocery suppliers are set to recoup millions of dollars in lost sales following the launch of an app that monitors the performance of their products in Woolworths. The Fin

Porter’s seat 50/50

Attorney-General Christian Porter’s seat of Pearce is on a knife edge, with preferences from Clive Palmer’s United Australia Party likely to decide the outcome. The West

 

 

The Australian Financial Review

Page 1: Scott Morrison will today pledge to help create 250,000 new small businesses over the next five years, and will also unveil an equity plan to help existing small and medium businesses expand.

Page 4: Property developers are more than trebling sales commissions to agents as lenders slash rates by up to 0.4 of a percentage point, increase discounts and refund mortgage insurance payments in the latest moves to attract business.

Page 5: Labor will mandate an immediate 21 per cent increase to the minimum wage for foreign workers to stop what it says is the use of cheap imported labour to undercut locals.

Page 10: Economist Warwick McKibbin has tacitly endorsed Labor’s approach to tackle climate change, saying an economy-wide policy was needed because ‘‘greenhouse gas emissions are economy-wide’’.

Page 13: Industry super funds are likely to ratify David Murray’s appointment as AMP chairman but controversy surrounds private comments by Mr Murray that he would lead a director exodus if he failed to secure significant support at the annual general meeting.

Page 15: Industry super fund HESTA is throwing its weight behind a global push to pressure Facebook, Twitter and Google to take responsibility for more swiftly removing violent and hateful content from their platforms following the Christchurch terrorist attacks.

Food and grocery suppliers are set to recoup millions of dollars in lost sales following the launch of an app that monitors the performance of their products in Woolworths.

Page 17: Woodside Petroleum and Chevron are working in an ‘‘extremely constructive and positive’’ manner on their long term plans for an LNG project in western Canada and there is no sign the effort will be derailed by Chevron’s $US50 billion takeover of Anadarko Petroleum, according to Woodside chief financial officer Sherry Duhe.

Page 20: Australians are increasingly comfortable with the idea of getting financial advice generated by artificial intelligence, or ‘‘robo-advice’’, with 30 per cent of adults willing to trust bots with their money, according to new research commissioned by strategy consulting firm Thinque.

 

 

The Australian

Page 1: A surge in support for Clive Palmer on the back of a $30 million advertising campaign has given the billionaire the power to act as kingmaker in marginal seats, as the Coalition closes in on Labor in at least two of those electorates.

Page 3: Academics from three universities have called for an overhaul of teacher training to include at least one compulsory unit of systematic phonics instruction, after a longitudinal study identified a link between poor student behaviour and reading difficulties.

Page 6: Universities have defended entry-level standards they set for overseas students, claiming the success rate for foreigners is slightly better than for locals and dismissing a leading demographer’s findings that a big rise in student migration has created a “burden” for major capital cities.

Page 8: A comedian with no political experience has won a landslide victory in Ukraine’s presidential election, drawing congratulations from global leaders while dealing a rebuke to his country’s political establishment.

Page 15: The Hayne royal commission has caused a dramatic collapse in the level of trust across the financial services industry, with the once-muscular AMP brand now the weakest of the nation’s top 26 superannuation funds, according to independent research consultancy CoreData.

Property investors in some of Australia’s wealthiest suburbs are racking up negative gearing losses that average more than $20,000 a year, new taxation office figures show.

Page 16: Apple’s share of the smartphone and tablet markets in Australia has dropped one percentage point compared with a year ago.

Page 18: Rio Tinto should get into the gold business, according to Deutsche Bank analysts, and use its strong recent run on the market to target Newcrest Mining with an all-scrip takeover offer.

 

 

The West Australian

Page 1: Attorney-General Christian Porter’s seat of Pearce is on a knife edge, with preferences from Clive Palmer’s United Australia Party likely to decide the outcome.

Page 7: The majority of people living in Melville and Cockburn want the Roe 8 and 9 highway extensions to be built, according to new Liberal polling which the party is hoping will reignite the debate over the controversial road.

Page 9: The Water Corporation is planning to spend more than $1 billion to head off Perth’s next water supply crunch by pre-emptively seeking approval to build a giant desalination plant in the city’s north or south.

Page 14: The suspected outbreak of scarlet fever at two BHP mine sites 130km north-west of Newman has returned negative test results.

The State Government has no idea what Chinese developer 3 Oceans has in mind for the Scarborough block earmarked for a twin towers development after the project was mothballed last week.

Business: Drilling group DDH1 Holdings has added iron ore-focused Ranger Drilling to its growing stable of companies that now employ more than 700 staff to operate its 84 drill rigs.

Social gaming group Virtual Gaming Worlds has paid a maiden dividend after rocketing to a record $19.8 million profit in the December half-year.

The McGowan Government has been called on to lift the payroll tax threshold by $100,000 to help small businesses create more jobs in a struggling economy, a key industry group says.

Sandfire Resources is entering the strongest phase of its history but analysts remain cautious about the copper miner’s longterm prospects.

Potato growers near Pemberton have been forced to leave more than a thousand tonnes of potatoes on the ground to rot because of oversupply and crippling low prices.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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