09/05/2019 - 07:00

Morning Headlines

09/05/2019 - 07:00

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Morning Headlines

Investors circle $800m Chevron tower in Perth

Canadian property giant Brookfield has begun combing through a shortlist of three or four candidates to invest in an $800 million new Perth headquarters for resources giant Chevron. The Fin

ACCC hangs up on TPG, Vodafone

The proposed $15 billion merger of Vodafone Hutchison Australia and TPG Telecom has been blocked by the competition regulator in a dramatic intervention in the telecommunications market that the two companies will challenge in the Federal Court. The Fin

Local LNG to be hit hard by ship sector’s greener fuel rules

Australia’s commodity exporters are facing a double whammy in 2020 when an obscure new rule tightening up the environmental credentials of shipping fuel is expected to cut the price of exported gas and lift costs for iron ore and coal producers. The Fin

Alcoa seeks to expand at Pinjarra

Alcoa is moving to increase the nameplate capacity of its biggest alumina refinery at Pinjarra by almost 20 per cent, according to an application lodged with the environmental watchdog. The West

$4b policy now child’s play for union reps

Union reps have been increasing their visits to childcare centres trying to drum up membership following Bill Shorten’s pledge to boost worker pay in the sector. The West

Early 5G adopters ready to pay a premium

Australian consumers looking to be the first to jump on 5G networks could pay up to $23 a month extra for the service, according to the latest research by telecom equipment vendor Ericsson. The Aus

$41m boost for palliative care

Palliative care services in WA will get a $41 million funding boost from the McGowan Government ahead of its push to introduce euthanasia laws into State Parliament this year. The West

Flinders directors hang on after fiery meeting

New Zealand’s Todd Corporation has used its majority stake in Flinders Mines to block a move by minority shareholders to oust three directors and appoint their own nominee to the company’s board. The West

 

 

The Australian Financial Review

Page 1: The proposed $15 billion merger of Vodafone Hutchison Australia and TPG Telecom has been blocked by the competition regulator in a dramatic intervention in the telecommunications market that the two companies will challenge in the Federal Court.

Page 2: Gina Rinehart will take the battle with her children over mining royalties behind closed doors after the High Court agreed on Wednesday that it should not be heard ‘‘in the public spotlight’’.

Page 4: Former Reserve Bank of Australia governor Bernie Fraser has cautioned the bank against future rate cuts, saying its decision to keep interest rates on hold was no surprise and that a 0.25 percentage point cut would have little effect on the economy.

Page 5: Labor’s plan to impose a 30 per cent tax on distributions from family trusts will raise about $2 billion a year, almost twice the revenue first estimated when the policy was announced two years ago.

Page 8: A single loan system for university and vocational training students and walls around research funding are the main recommendations of a new report into tertiary education.

Page 15: Chinese e-commerce giant JD.com has closed its office in Australia less than 15 months after opening with ambitious expansion plans, part of a company-wide response to widening losses.

Page 17: Australia’s largest brick company, Brickworks and gas wholesaler Weston Energy have become the latest energy users to sign up as customers for Santos’ controversial Narrabri project, underscoring the level of local industrial support for the venture that still hinges on NSW government approval.

Legal precedents in favour of multinational companies like Royal Dutch Shell and Unilever are expected to form part of BHP Group’s defence when it fights the latest lawsuit to emerge from the 2015 Samarco dam disaster.

An attempt to force Rio Tinto to adopt stricter emissions reduction targets is expected to fail on Thursday, but the climate activists behind the resolution say they will be successful if 10 per cent of Rio shareholders support their push.

Page 21: Australia’s commodity exporters are facing a double whammy in 2020 when an obscure new rule tightening up the environmental credentials of shipping fuel is expected to cut the price of exported gas and lift costs for iron ore and coal producers.

Page 22: Hardware retailer Bunnings will have a huge, ready-made audience when it finally offers all its products for sale online in 18 months.

Page 31: Canadian property giant Brookfield has begun combing through a shortlist of three or four candidates to invest in an $800 million new Perth headquarters for resources giant Chevron.

 

 

The Australian

Page 1: Bill Shorten attempted to repel attacks over Labor’s climate change agenda last night, claiming that questions over the cost of cutting emissions were “dishonest” during an evenly matched final leaders debate.

Page 5: Christian schools have expressed alarm at Labor’s bid to dump religious exemptions from antidiscrimination legislation and pose new laws shielding gay and transgender people from harmful speech.

Page 8: Aged-care facilities and hospitals remain hotbeds for the overuse and misuse of antibiotics, fuelling the rise of superbugs and creating a serious infection risk in the community.

Page 17: Norwegian pension fund giant KLP has sold its stakes in BHP, South32, Origin Energy and AGL Energy following a decision to cut its exposure to coal.

Page 20: Australian consumers looking to be the first to jump on 5G networks could pay up to $23 a month extra for the service, according to the latest research by telecom equipment vendor Ericsson.

Page 23: The souring housing market is expected to cause the sharpest losses in real estate jobs since the global financial crisis, with more than 15,000 real estate agents leaving the industry since the market peaked in 2017, according to MyHousingMarket’s chief economist Andrew Wilson.

 

 

The West Australian

Page 5: Teaching youngsters about the benefits of healthy food encourages them to clean their plates, a study has found.

Page 7: Union reps have been increasing their visits to childcare centres trying to drum up membership following Bill Shorten’s pledge to boost worker pay in the sector.

Page 10: Palliative care services in WA will get a $41 million funding boost from the McGowan Government ahead of its push to introduce euthanasia laws into State Parliament this year.

Page 14: A small Perth medical company has seen its shares more than quadruple after its nerve regeneration technology was found to have helped patients regain sensation and muscle function in injured limbs.

Page 16: An unprecedented number of summer flu cases are causing concern for the Department of Health, which is not sure what is fuelling the rise.

Business: Alcoa is moving to increase the nameplate capacity of its biggest alumina refinery at Pinjarra by almost 20 per cent, according to an application lodged with the environmental watchdog.

New Zealand’s Todd Corporation has used its majority stake in Flinders Mines to block a move by minority shareholders to oust three directors and appoint their own nominee to the company’s board.

Rio Tinto has awarded a $20 million rail maintenance contract to a local traditional owner business in the Pilbara.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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