31/05/2019 - 06:52

Morning Headlines

31/05/2019 - 06:52

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Morning Headlines

Majors in renewed exploration drive

Juniors are reaping the benefits from mining majors rushing back into greenfields exploration as they desperately look for new discoveries to restock their depleting production pipelines, Encounter Resources boss Will Robinson says. The West

Business hits out at Canavan on carbon price

Big business and oil and gas companies have hit back at Resources Minister Matt Canavan for suggesting they should give up on a carbon price, saying climate change is not going away and they will still factor it into their business plans. The Fin

Packer’s $1.76b bet

James Packer has sold nearly half of his $4 billion stake in his casino and hotels empire in a deal that reunites him with an Asian gaming giant. Just six weeks after the collapse of takeover talks with a US buyer, Mr Packer last night revealed he had sold 19.9 per cent of Crown Resorts to his former partner in the gaming enclave of Macau, Hong Kong tycoon Lawrence Ho’s Melco Resorts and Entertainment.

Minister puts WA into early plans

Newly installed Federal Agriculture Minister Bridget McKenzie has vowed to take a tough stance against extreme animal activists, and says she’s committed to a sustainable and prosperous live sheep export trade. The West

New squeeze on big banks

The big four banks will face stronger competition from second-tier banks, which will be able to offer cheaper home loans and sharper deposit rates when the regulator moves to even the playing field for banks in the weeks ahead. The Fin

Gmail gets Snapchat treatment with confidential mode

From June 25, anyone who uses Gmail at work can switch on this ‘‘confidential mode’’ capability. Users can then manually set an expiry date for sensitive emails so that they evaporate from inboxes after a set time frame. The Fin

Coalition to fast-track farm protection laws

New Agriculture Minister Bridget McKenzie says the Morrison government will fast-track laws that include jail terms for inciting others to interfere with farming, and has vowed to resurrect the live sheep trade to the Middle East despite protests from animal rights campaigners. The Fin

Economy to ride low-pay lift

Industrial Relations Minister Christian Porter has backed the fifth consecutive above-inflation minimum wage rise awarded to 2.2 million workers, predicting the pay increase combined with proposed tax cuts would lift the living standards of the nation’s low paid. The Aus

 

 

The Australian Financial Review

Page 1: The big four banks will face stronger competition from second-tier banks, which will be able to offer cheaper home loans and sharper deposit rates when the regulator moves to even the playing field for banks in the weeks ahead.

Page 3: The Fair Work Commission has rejected the Australian Council of Trade Unions’ bid for a ‘‘living wage’’ for single-earner families, warning that such huge increases would risk jobs and deter employment.

From June 25, anyone who uses Gmail at work can switch on this ‘‘confidential mode’’ capability. Users can then manually set an expiry date for sensitive emails so that they evaporate from inboxes after a set time frame.

Page 6: New Labor leader Anthony Albanese has singled out the party’s attacks on the so-called ‘‘rich’’ as a major reason for its upset election loss, singling out the controversial franking credit policy as one measure that backfired.

Page 9: New Agriculture Minister Bridget McKenzie says the Morrison government will fast-track laws that include jail terms for inciting others to interfere with farming, and has vowed to resurrect the live sheep trade to the Middle East despite protests from animal rights campaigners.

Page 11: Jetstar Airways will have to pay almost $2 million for false or misleading claims on refunds, in the latest coup for the competition watchdog and its war on dodgy airline practices.

Page 17: Big business and oil and gas companies have hit back at Resources Minister Matt Canavan for suggesting they should give up on a carbon price, saying climate change is not going away and they will still factor it into their business plans.

Half-price specials may soon become a novelty in the $100 billion food and grocery market as Woolworths and Coles move away from deep across-the-store discounting and towards consistent prices every day.

Page 19: The spirits category is expected to show the fastest growth in alcohol consumption over the next five years in Australia, with beer and wine largely static, according to a new global industry report.

Page 22: Competition chief Rod Sims says there is ‘‘no reason’’ why east coast gas prices should not be as low as $7 a gigajoule and has told producers they still risk driving domestic customers out of business by failing to put enough importance on the local market.

 

 

The Australian

Page 1: Industrial Relations Minister Christian Porter has backed the fifth consecutive above-inflation minimum wage rise awarded to 2.2 million workers, predicting the pay increase combined with proposed tax cuts would lift the living standards of the nation’s low paid.

James Packer has signed off on a $1.8 billion deal that will for the first time see him relinquish control of his Crown Resorts casino empire.

Page 2: Julie Bishop rejected an offer to become South Australia’s next governor because she does not want to be a “glamorous public servant” and instead aims to “prove herself in the free market”, her sister has revealed.

Page 3: One in 10 teaching students is failing Year 9-standard literacy and numeracy tests and new figures reveal that academic standards have slipped for a third year running.

Page 4: The Fair Work Commission has rejected the ACTU’s bid to lift all single-income families above the poverty line, warning that the big pay rises required would risk jobs and reduce job opportunities.

Page 7: Peter Dutton has piled pressure on new Labor leader Anthony Albanese to walk away from Bill Shorten’s refugee medevac bill, warning that more boats would follow a Sri Lankan asylum-seeker vessel that set sail during the election campaign.

Page 8: Australian billionaire Andrew Forrest’s push to raise the age for buying cigarettes from 18 to 21 is set to gain momentum today with the launch of a national campaign to gain public support for the move.

Page 17: The Morrison government may consider tapping its emergency powers to limit gas exports following warnings from the ACCC that high gas prices could lead to job cuts among the nation’s manufacturing sector.

Page 23: A seven-year jobs boom for solicitors has transformed the legal profession by giving it a female majority in every state except Western Australia where the profession is evenly split between men and women.

 

 

The West Australian

Page 3: Small and large businesses have reacted angrily to the Fair Work Commission’s decision to increase the minimum wage by 3 per cent, warning it will cost jobs.

Page 4: James Packer has sold nearly half of his $4 billion stake in his casino and hotels empire in a deal that reunites him with an Asian gaming giant. Just six weeks after the collapse of takeover talks with a US buyer, Mr Packer last night revealed he had sold 19.9 per cent of Crown Resorts to his former partner in the gaming enclave of Macau, Hong Kong tycoon Lawrence Ho’s Melco Resorts and Entertainment.

Page 7: Premier Mark McGowan has warned that States such as WA could go it alone on climate policy unless the Morrison Government comes up with a workable national approach to reducing greenhouse gasses and supply certainty to investors.

Page 9: Perth is the least affordable city in Australia for renters and the problem is acute for low-income single parents.

Page 20: Food vans in the City of Vincent will be judged on their looks if they want to operate in the area under proposed changes to a local planning policy.

Page 55: Former finance minister James Marape has been elected prime minister by Papua New Guinea’s parliament after weeks of turmoil over the handling of the South Pacific nation’s resource riches.

Business: Juniors are reaping the benefits from mining majors rushing back into greenfields exploration as they desperately look for new discoveries to restock their depleting production pipelines, Encounter Resources boss Will Robinson says.

Shareholders of Gascoyne Resources are set for a nail biting weekend as the embattled gold miner prepares to update the market on production forecasts from its troubled Dalgaranga project.

Newly installed Federal Agriculture Minister Bridget McKenzie has vowed to take a tough stance against extreme animal activists, and says she’s committed to a sustainable and prosperous live sheep export trade.

Regenerative medicine company Orthocell has taken advantage of a recent share price surge to tap investors for $10.6 million.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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