29/05/2019 - 06:45

Morning Headlines

29/05/2019 - 06:45

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Morning Headlines

Poll sparks demand for mortgages

Banks, mortgage brokers and large retailers say consumers are more confident to borrow and spend in the wake of the federal election, with Commonwealth Bank chief executive Matt Comyn revealing the number of home loan applications at the nation’s largest bank had surged to its highest level in more than six months. The Fin

Vodafone 5G ‘will suffer without TPG’

Vodafone Hutchison Australia says its 5G network will be smaller, slower and worse than those of its competitors Telstra and Optus unless it is allowed to merge with TPG, in a document filed with the Federal Court. The Fin

Australia tipped to get off lightly from trade war

The trade war between the United States and China will shave just 0.07 of a percentage point off Australia’s gross domestic product in the next two years – five times less than Canada and three times less than the global economy, new modelling by JPMorgan shows. The Fin

Bullish iron ore could give budget $4b boost

Federal revenues would be bolstered by $4 billion and yield-focused investors will be in for another massive payday from the nation’s big mining companies if the recent strength in iron ore prices persists. The Fin

$80bn boost for industry super funds

Industry superannuation funds have seen assets surge by nearly $80 billion over the past year — almost four times the rate of rival retail funds — as fallout from the Hayne royal commission continues to reshape the nation’s finance landscape. The Aus

Porter to tackle jobs & unions

Christian Porter has not ruled out holding a national jobs summit between business, unions and Government in his new role as Industrial Relations Minister. The West

Brazil chaos ups ore price

As the iron ore price hit a fiveyear high of $US107.50/t this week, analysts have begun scrambling to revise their estimates as they start to digest the impact of supply disruptions out of Brazil and how long the outages could linger. The West

Exporter looks to cut staff as shipments halted

WA’s biggest live sheep exporter says it faces difficult decisions, which could include retrenching staff, because of a three-month pause in shipments over the northern hemisphere summer. The West

 

 

The Australian Financial Review

Page 1: Banks, mortgage brokers and large retailers say consumers are more confident to borrow and spend in the wake of the federal election, with Commonwealth Bank chief executive Matt Comyn revealing the number of home loan applications at the nation’s largest bank had surged to its highest level in more than six months.

Page 2: West Australian Premier Mark McGowan is determined to reassure a resources industry that has been deeply alarmed at any prospect of radical new emissions reduction rules in his state.

Page 4: Scott Morrison says his newly elected team is well positioned to make further incursions into Labor heartland over the next three years and put the opposition to the sword at the following election.

Page 6: Shell’s most senior representative in Australia has called on fellow oil and gas producers to speak with a united voice to take on the activists ‘‘waging a virtual war’’ on the industry with religious zealotry, illustrating a step-up in the sector’s determination to counter its detractors on climate change.

Page 10: The trade war between the United States and China will shave just 0.07 of a percentage point off Australia’s gross domestic product in the next two years – five times less than Canada and three times less than the global economy, new modelling by JPMorgan shows.

Page 17: Vodafone Hutchison Australia says its 5G network will be smaller, slower and worse than those of its competitors Telstra and Optus unless it is allowed to merge with TPG, in a document filed with the Federal Court.

Page 19: Federal revenues would be bolstered by $4 billion and yield-focused investors will be in for another massive payday from the nation’s big mining companies if the recent strength in iron ore prices persists.

Page 36: House prices will stop falling in the second half of 2019, HSBC says, as the bounce in auction activity last week continues to drive up housing sentiment.

 

 

The Australian

Page 1: Energy companies will face renewed pressure to cut wholesale prices and guarantee supply as the re-elected Morrison government prepares to revive the “big stick” divestment laws it was forced to shelve this year.

Page 3: Radio’s $4 million-a-year man Alan Jones says it will be “business as usual” for at least another two years, after yesterday confirming a lucrative new deal with the network with which he has dominated the Sydney breakfast radio ratings for decades.

Page 6: The US under Donald Trump has become an “underachiever” in its ability to wield power in Asia, with China on course to draw level with the US as the region’s dominant player by 2030, new analysis suggests.

Page 17: Industry superannuation funds have seen assets surge by nearly $80 billion over the past year — almost four times the rate of rival retail funds — as fallout from the Hayne royal commission continues to reshape the nation’s finance landscape.

Page 18: Troubled agrichemicals business Nufarm is believed to have launched an internal review as it desperately wrestles with its large debt pile amid Australian east coast drought conditions.

Page 19: Myer boss John King has had a win with his landlord that could fill the rest of the retail sector with enough confidence to play hardball over rental agreements.

Apple could pay a heavy price as the US-China trade war escalates, with Citi warning the iPhone maker will struggle to sell its products in China.

Page 21: The decade-high share price of mining giant Rio Tinto should climb further north in coming months, with Goldman Sachs yesterday tipping the company to profit handsomely from a prolonged supply deficit in iron ore.

 

 

The West Australian

Page 5: Western Australia’s first research centre devoted to the mental health of children and young people will be officially opened today.

Page 7: The number of students living in the city may outstrip resident professionals as building starts next month on another student skyscraper in the 6000 postcode.

Australians are at “great risk” of serious health problems because of their obsession with mobile phones, a study says.

Page 8: Prime Minister Scott Morrison yesterday posed with the new faces of the Coalition Government, but he was already thinking of the seats he wants to target at the next Federal election — including the WA electorate of Cowan.

Christian Porter has not ruled out holding a national jobs summit between business, unions and Government in his new role as Industrial Relations Minister.

Page 9: Treasurer Ben Wyatt is insisting the State Government will be “prudent” in its spending in the face of a possible billion-dollar iron ore windfall, with international prices soaring to near boom-time highs.

Page 14: The McGowan Government has blamed a sharp rise in hospital ambulance ramping on a flu epidemic, with hospitals reporting an 85 per cent jump in influenza cases.

Business: As the iron ore price hit a five-year high of $US107.50/t this week, analysts have begun scrambling to revise their estimates as they start to digest the impact of supply disruptions out of Brazil and how long the outages could linger.

More than 85 per cent of WA Year 12 students will be completing two science, technology, engineering and maths courses by 2024 under a bold State Government strategy aimed at equipping young people for the jobs of the future.

An indigenous contractor which once worked with Fortescue Metals Group and Roy Hill Holdings is being wound up, the latest in a string of ambitious hopefuls to have closed their doors since the end of the mining boom.

WA’s biggest live sheep exporter says it faces difficult decisions, which could include retrenching staff, because of a three-month pause in shipments over the northern hemisphere summer.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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