29/04/2019 - 06:51

Morning Headlines

29/04/2019 - 06:51

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Morning Headlines

Battery minerals buffeting behind short bet: Galaxy

The most shorted stock on the ASX, lithium producer Galaxy Resources, says it is being targeted as part of a broad bet against battery minerals producers rather than because of any specific concerns with its corporate strategy. The Fin

Regis seeks approval for low-cost McPhillamys gold mine

West Australian gold miner Regis Resources has kicked off the next stage of environmental approval process for its McPhillamys gold mine, asking the federal government to tick off its plans for the NSW mine. The Aus

Ore-some economic growth

The WA economy grew at a nation-leading 9 per cent last year, according to CommSec analysis, as iron ore volumes and prices supercharged the State’s export performance. The West

Shorten rolls out the loot

Labor has lifted the temperature ahead of the May 18 federal election with a $6.9 billion spending blitz targeting the cost of living and a threat to regulate childcare fees. The Fin

Cyclones hit Chevron LNG

Chevron has reported a hit to production in the March quarter from an outage at the Gorgon LNG plant and disruptions due to cyclones, while maintenance work will also limit production at the West Australian venture this year. The Fin

Labor’s penalty rates a triple hit for retailers

Business is bracing for an unprecedented rise in the cost of weekend work if Bill Shorten is elected, as wages are expected to rise by up to 21 per cent after July 1 if Labor proceeds with its promise to increase penalty rates. The Fin

Regulations ‘undermine Hayne’

One of Kenneth Hayne’s key royal commission recommendations risks being undermined by “disingenuous and arguably misleading” regulations aimed at ending grandfathered trailing commissions, which could allow hundreds of millions in conflicted kickbacks to continue to swirl around the financial system. The Aus

Rubbery figures leave Lou poll-axed

An independent candidate who claimed she was in with a “strong chance” of winning Julie Bishop’s seat of Curtin is facing calls to quit the race after she released a fake poll claiming the Liberal Party was facing a 20 per cent swing against it in the seat. The West

 

 

The Australian Financial Review

Page 1: Labor has lifted the temperature ahead of the May 18 federal election with a $6.9 billion spending blitz targeting the cost of living and a threat to regulate childcare fees.

Outgoing chairman of Australian-Super, Heather Ridout, has pushed back against ACTU demands for industry super funds to use their financial muscle against listed companies to support industrial relations campaigns.

Page 3: A cut to official interest rates – financial markets are putting a move on May 7 at 50 per cent – could slash the incomes of retirees and small businesses by as much as 12.5 per cent.

Page 6: Business is bracing for an unprecedented rise in the cost of weekend work if Bill Shorten is elected, as wages are expected to rise by up to 21 per cent after July 1 if Labor proceeds with its promise to increase penalty rates.

Page 8: Scott Morrison says his caps on immigration – including a new freeze on refugees – will guarantee existing migrants the quality of life they came to Australia for in the first place.

Page 12: Australian investors should focus on the Midwest, home to Donald Trump’s political base, argues a powerful group of Australian-US business leaders.

Page 13: Innovation in Australia is at risk from a ‘‘culture of collusion’’ in global patent markets that disadvantages Australian intellectual property overseas and relies on clever lawyers rather than good ideas.

Page 14: The true state of the post-royal commission banking environment will be revealed this week, with responsible lending obligations colliding head-on with some of the slowest credit growth in 20 years.

Page 18: Chevron has reported a hit to production in the March quarter from an outage at the Gorgon LNG plant and disruptions due to cyclones, while maintenance work will also limit production at the West Australian venture this year.

Page 20: The most shorted stock on the ASX, lithium producer Galaxy Resources, says it is being targeted as part of a broad bet against battery minerals producers rather than because of any specific concerns with its corporate strategy.

 

 

The Australian

Page 1: The federal election race is tightening as the Coalition continues to close the gap on Labor, with minor-party preferences now poised to play a critical role in the outcome.

Page 2: Fears are mounting that drought conditions will worsen across the country following an abnormally dry start to autumn, with many farmers feeling on “a knife’s edge” and serious concerns held for the condition of this year’s winter crops.

Page 3: The Department of Health and Australian Federal Police have been considering whether the Proceeds of Crime Act — commonly used to retain the assets of drug dealers, money launderers and fraudsters — could also be used to target errant doctors.

Page 9: Chinese spies are increasingly recruiting US intelligence officers as part of a widening, sustained campaign to shake loose government secrets.

Page 19: One of Kenneth Hayne’s key royal commission recommendations risks being undermined by “disingenuous and arguably misleading” regulations aimed at ending grandfathered trailing commissions, which could allow hundreds of millions in conflicted kickbacks to continue to swirl around the financial system.

Page 20: Listed miner Bellevue Gold appears to be making efforts to find itself a buyer, with sources suggesting Canaccord Genuity is working as its adviser.

Page 21: West Australian gold miner Regis Resources has kicked off the next stage of environmental approval process for its McPhillamys gold mine, asking the federal government to tick off its plans for the NSW mine.

 

 

The West Australian

Page 4: An independent candidate who claimed she was in with a “strong chance” of winning Julie Bishop’s seat of Curtin is facing calls to quit the race after she released a fake poll claiming the Liberal Party was facing a 20 per cent swing against it in the seat.

Page 5: China is seeking to “have a better understanding of the election campaign” by reaching out directly to MPs in marginal electorates in an unprecedented move during a Federal election contest.

Page 6: Scott Morrison says he will secure 1000 WA jobs for another five years by building three navy vessels in Henderson. The Prime Minister will today announce two mine warfare support vessels and a hydrographic vessel — that surveys the ocean floor — would be built for the Australian navy in WA as part of a $1 billion investment.

Page 7: Labor will commit an extra $2 million to supporting Telethon if it wins government on May 18 and Bill Shorten said he would personally attend the appeal as prime minister.

Page 8: The WA economy grew at a nation-leading 9 per cent last year, according to CommSec analysis, as iron ore volumes and prices supercharged the State’s export performance.

Page 10: Free flu vaccinations for children under five have helped boost last year’s vaccination rates to five times those of the previous year, health experts say.

Page 17: Almost half of all midwifery positions at WA country hospitals last year went unfilled, leaving pregnant women and newborns vulnerable, the National party says.

Page 21: Record numbers of students enrolling in WA public schools are helping drive up house prices in suburbs in Perth’s coveted school zones.

Business: The North West cyclone which hit production by the big iron ore miners and mechanical issues have taken a toll on the output of Chevron’s Gorgon and Wheatstone LNG projects.

US retailers are finding all kinds of uses for location data from customers’ phones. They are buying mobile phone data that can track where and for how long people shop, eat, see movies — and where they go before and after.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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