21/05/2019 - 06:54

Morning Headlines

21/05/2019 - 06:54

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Morning Headlines

Revival of WA onshore gas search raises pulses

The first onshore exploration wells to be drilled in Western Australia for almost two years have lifted hopes of ‘‘lookalike’’ gas discoveries on a par with the Waitsia field in 2017, which fuelled a $600 million bidding war for one of the resource’s co-owners. The Fin

ScoMo’s $33b relief rally

Investor confidence has soared on the back of Scott Morrison’s unexpected election victory with strong gains in the banking, retail and private health sectors, all of which were bracing for a hard time under Labor. The Fin

Chalmers and Albanese set to duel for top job

Labor’s leadership contest is boiling down to a battle between front-runner Anthony Albanese and up-and-comer Jim Chalmers, who is set to run as the candidate of ‘‘generational change’’. The Fin

Call for Labor to back emissions cut target

Labor is facing demands to retreat on climate change, with Energy Minister Angus Taylor calling on the party to support the Coalition’s 26 per cent emissions reduction target and end the decade-long climate wars. The Aus

Lynas wants Texas plant

Lynas wants to add a US heavy rare earths plant to its troubled Malaysian facility to allow electric vehicle makers full independence from China for all their rare earth needs. The West

US tech firms begin cutting off Huawei

Top US corporations, from chipmakers to Google, have frozen the supply of critical software and components to Huawei Technologies, complying with a Trump administration crackdown that threatens to choke off China’s largest technology company. The Fin

Younger Aussies yearning for kids and a home

Australia’s youngest group of adults, Gen Z, has forgone the dream of backpacking around the world, prioritising the security of home ownership and starting a family, a new survey reveals. The Aus

MMA Offshore eyes acquisition

Fresh from overcoming challenges with its lenders, MMA Offshore is believed to be gearing up for acquisitions that could see the business undergo a major transformation. The Aus

 

 

The Australian Financial Review

Page 1: Investor confidence has soared on the back of Scott Morrison’s unexpected election victory with strong gains in the banking, retail and private health sectors, all of which were bracing for a hard time under Labor.

Page 2: TAFE Directors Australia said having two ministers is not helping the training industry, which is forced to compete with the university sectors rather than working collaboratively.

Page 3: Labor’s leadership contest is boiling down to a battle between front-runner Anthony Albanese and up-and-comer Jim Chalmers, who is set to run as the candidate of ‘‘generational change’’.

Page 5: Self-funded retirees said they were relieved that Labor’s plan to scrap franking credit refunds had been skittled by the Coalition’s surprise election win.

Page 10: Retailers expect the Coalition’s unexpected election victory to boost consumer confidence and discretionary spending while taking the pressure off wage costs and house prices.

Page 13: Top US corporations, from chipmakers to Google, have frozen the supply of critical software and components to Huawei Technologies, complying with a Trump administration crackdown that threatens to choke off China’s largest technology company.

Page 16: The boss of agribusiness group Elders says trading has picked up in April and May after drought dragged March-half profits substantially lower, and has vowed to remain disciplined amid a string of big deals by other players.

Page 17: Lynas Corporation will have the might of the US military onside as it looks to develop rare-earths processing capacity in Texas, with Washington also keen to ensure production continues at the company’s threatened $1 billion plant in Malaysia.

The first onshore exploration wells to be drilled in Western Australia for almost two years have lifted hopes of ‘‘lookalike’’ gas discoveries on a par with the Waitsia field in 2017, which fuelled a $600 million bidding war for one of the resource’s co-owners.

Page 21: Minister for Industry, Science and Technology Karen Andrews has pledged to adopt an open-door policy with disaffected tech sector leaders, saying the new Morrison government would address concerns about the impact of anti-encryption laws and R&D policy on growing companies and combine training with skilled immigration to target skills shortages.

 

 

The Australian

Page 1: Scott Morrison’s stunning election win delivered a $33 billion sharemarket surge, marking the second biggest post-poll jump in three decades as investors bet on a property market recovery, a stronger business environment and resurgent household spending spurred by tax cuts.

Page 3: Australia’s youngest group of adults, Gen Z, has forgone the dream of backpacking around the world, prioritising the security of home ownership and starting a family, a new survey reveals.

Page 4: Labor is facing demands to retreat on climate change, with Energy Minister Angus Taylor calling on the party to support the Coalition’s 26 per cent emissions reduction target and end the decade-long climate wars.

Page 5: Liberal MP Andrew Hastie says he is pursuing legal advice over articles published during the federal election campaign that reported he had met with far-right extremist and convicted criminal Neil Erikson at a white farmers’ rally in Perth in April last year.

Page 7: ABC staff have been warned to brace for cuts following Scott Morrison’s shock election win, with the national broadcaster needing to find $14.6 million in savings in the next financial year.

Page 18: Fresh from overcoming challenges with its lenders, MMA Offshore is believed to be gearing up for acquisitions that could see the business undergo a major transformation.

 

 

The West Australian

Page 3: The City of Fremantle is considering giving the port city, the Swan River and other major landmarks “dual” names. Fremantle mayor Brad Pettitt told The West Australian it was “entirely possible” Fremantle could also be named Walyalup, which is its Aboriginal name.

Page 7: State Opposition Leader Mike Nahan says Premier Mark McGowan was responsible for Labor’s lacklustre Federal campaign in WA.

Page 22: Pork lovers worldwide are wincing at prices that have jumped up 40 per cent as African swine fever in China’s vast pig herds sends shockwaves through global meat markets.

Page 24: Swedish authorities have issued a request for a detention order against WikiLeaks founder Julian Assange, who is now jailed in Britain.

Business: Lynas wants to add a US heavy rare earths plant to its troubled Malaysian facility to allow electric vehicle makers full independence from China for all their rare earth needs.

Tim Roberts has reinforced his belief in Mineral Resources’ lithium ambitions by splashing out nearly $19 million to expand his stake in the miner.

WA egg producers could be subject to an accreditation and compliance regime before marketing their product as free range, under a move by Agriculture Minister Alannah MacTiernan to support legitimate farmers and deliver confidence to consumers.

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