28/06/2019 - 06:53

Morning Headlines

28/06/2019 - 06:53

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Morning Headlines

BHP $250m ‘bonus’ a hospital windfall

BHP will hand the McGowan Government a $250 million cheque, with the bulk of the money to go on a new maternity hospital, after the Big Australian blinked in its dispute over the way it sells WA iron ore through a Singaporean trading hub. The West

Australia’s lithium ‘boom’ underwhelms

Australian lithium exports are growing much more slowly than expected, and weak demand in China has analysts predicting prices for the battery commodity have further to fall. The Fin

ScoMo weighs into superpowers’ battle

Prime Minister Scott Morrison will today tell global leaders that “ambitious Australian businesses” such as those in WA’s resource sector should not be disadvantaged by the China-US trade war. The West

Debt deal dulls Wesfarmers’ desire for Lynas

A super-cheap debt package extended to rare earths producer Lynas Corp by its Japanese backers yesterday could prove to be the straw that breaks the interest of would-be acquirer Wesfarmers. The Aus

PM urges G20 trade led recovery

Scott Morrison will urge fellow world leaders at today’s G20 summit in Japan to commit to improvements to the global trade rules by being able to demonstrate boosted trade volumes and rosier economic projections within a year. The Fin

Taxman turns up heat on super funds

Several of the largest superannuation funds in Australia could be forced to pay more tax after an unprecedented ATO probe hands back reports over the next two weeks amid concerns that major wealth managers are unlawfully avoiding tax through complex financial products. The Aus

Energy industry needs better, not less, regulation

The energy industry doesn’t need less regulation, just regulation that works, leading business figures have said in response to the Prime Minister’s pledge to cut red tape. The Fin

Amazon seals $39m cloud contract with government

The Australian government has signed a $39 million contract with global cloud computing giant, Amazon Web Services, to make it easier for departments to access its services as part of a digital transformation push to improve online services. The Fin

Call for sports clubs to affirm gender fluidity

Federal Sport Minister Richard Colbeck has encouraged all sports clubs to embrace a new series of gender guidelines that aim to provide a more inclusive environment for local transgender and gender-diverse athletes. The Aus

Ports to boost local workforce

The Esperance, Bunbury and Albany ports will each have general managers and bigger teams on site, as part of a decentralisation plan for the Southern Ports Authority. The West

 

 

The Australian Financial Review

Page 1: Scott Morrison will urge fellow world leaders at today’s G20 summit in Japan to commit to improvements to the global trade rules by being able to demonstrate boosted trade volumes and rosier economic projections within a year.

The nation’s leading law firms say a ‘‘climate of caution’’ in the wake of the Hayne royal commission could put the brakes on a period of stellar growth in revenue and profit.

Page 3: Superannuation funds are poised to deliver positive returns for a record-breaking 10th consecutive financial year on the back of buoyant international and domestic shares, Chant West says.

Page 4: The Morrison government has fired off a salvo of criticism at US President Donald Trump’s new $US16 billion ($23 billion) package of farm subsidies, describing them as a ‘‘dangerous precedent’’ that could ‘‘distort the global market’’.

Page 7: The energy industry doesn’t need less regulation, just regulation that works, leading business figures have said in response to the Prime Minister’s pledge to cut red tape.

Page 10: A digital disrupter aiming to inject more pricing transparency into the new car sales industry says he’s receiving an avalanche of data from buyers who’ve gone through a tortuous process and are willing to divulge the final price they paid for a vehicle.

Page 11: Two of Australia’s most prominent corporate figures may be called before the commission of inquiry established in Papua New Guinea to investigate a $1.2 billion loan extended by the Sydney office of UBS.

Page 12: The Australian government has signed a $39 million contract with global cloud computing giant, Amazon Web Services, to make it easier for departments to access its services as part of a digital transformation push to improve online services.

Page 15: Bubs Australia shares rocketed more than 30 per cent Thursday after it revealed it had penned a strategic partnership with China’s No.1 baby store chain, resulting in an estimated additional $6 million in sales in the first year.

Page 19: Aurizon has won a multi-million dollar battle over upgraded rail links, with a judge ruling that coal miners had engaged in a “superficially bizarre game of musical chairs” in seeking to avoid fees.

Page 25: Australian lithium exports are growing much more slowly than expected, and weak demand in China has analysts predicting prices for the battery commodity have further to fall.

 

 

The Australian

Page 1: The Attorney-General, Christian Porter, has revealed he feared he was facing a constitutional crisis as Malcolm Turnbull threatened to call an early election to save his prime ministership last year.

Australia and the US are urging France to boost its Pacific influence as part of a new strategic and economic alliance that would act as a counterbalance to China’s ambitions and mark a significant shift in attitude towards the French presence in the region.

Page 2: Several of the largest superannuation funds in Australia could be forced to pay more tax after an unprecedented ATO probe hands back reports over the next two weeks amid concerns that major wealth managers are unlawfully avoiding tax through complex financial products.

Page 4: The West Australian government is poised to introduce euthanasia laws that are more liberal than those operating in Victoria, sparking warnings from the Australian Medical Association that the nation is on a “slippery slope” towards wrongful deaths.

Page 7: Federal Sport Minister Richard Colbeck has encouraged all sports clubs to embrace a new series of gender guidelines that aim to provide a more inclusive environment for local transgender and gender-diverse athletes.

Page 8: Schools have been warned to be wary of the push to teach students much-hyped 21st-century skills, such as critical and creative thinking, following new research questioning the widely held assumption that they can be easily taught.

Page 9: Scott Morrison will lead a push at the G20 world leaders meeting in Osaka today for a global agreement to crack down on social media companies that fail to curb the use of their platforms for promoting violence and terrorism.

Page 11: Conservative party leadership frontrunner Boris Johnson plans to introduce an Australian-style points system for future British migration if he wins the Tory contest and becomes prime minister.

Page 20: Cobalt hopeful Jervois Mining has secured support from AustralianSuper as part of a new $15 million equity raising.

Page 21: The Commonwealth Bank has received a severe reprimand from the Australian Information Commissioner, with the bank forced to significantly improve its privacy practices.

Page 22: A super-cheap debt package extended to rare earths producer Lynas Corp by its Japanese backers yesterday could prove to be the straw that breaks the interest of would-be acquirer Wesfarmers.

The board of Flinders Mines is pursuing a defamation action against two dozen rebel shareholders who derailed the company’s delisting plans earlier this year.

Page 27: After five years as Australia’s chief salesman, John O’Sullivan will leave Tourism Australia today with one unfulfilled wish — direct flights to India.

 

 

The West Australian

Page 5: BHP will hand the McGowan Government a $250 million cheque, with the bulk of the money to go on a new maternity hospital, after the Big Australian blinked in its dispute over the way it sells WA iron ore through a Singaporean trading hub.

Page 10: Israel Folau says he deserves an apology from Rugby Australia for wrongfully sacking him and that if he received one, “That’d be awesome”.

Prime Minister Scott Morrison will today tell global leaders that “ambitious Australian businesses” such as those in WA’s resource sector should not be disadvantaged by the China-US trade war.

Page 22: WA patients who want to access euthanasia would have to wait only nine days before being prescribed a deadly cocktail of drugs to end their lives in the comfort of their own home under legislation soon to come before State Parliament.

Page 23: A bid to build the world’s biggest underwater observatory has been supported in principle by the Busselton City Council.

Page 26: New Opposition Leader Liza Harvey has unveiled her shadow cabinet, with Dawesville MP Zak Kirkup proving the biggest winner after being handed the key portfolio of health.

Page 53: The City of Perth’s suspended Mayor Lisa Scaffidi and its former chief executive Martin Mileham will be grilled at the first public hearings of a long-running inquiry into the council.

Business: Fortescue Metals Group founder Andrew Forrest says the iron ore miner has achieved self-sufficiency across its supply chain after completing the company’s new tug rollout at Port Hedland harbour.

Current laws are inadequate in protecting people from unfair treatment and cowboy behaviour in small rural cooperatives, according to WA Liberal MP Ian Blayney.

Port Hedland harbour has welcomed its first roll-on, roll-off vessel, giving industry a faster, more cost-effective way of delivering cargo to the Pilbara.

The Esperance, Bunbury and Albany ports will each have general managers and bigger teams on site, as part of a decentralisation plan for the Southern Ports Authority.

A resurgent sharemarket helped household wealth edge higher in the March quarter, but plummeting house prices meant mortgage debt continued to grow faster than the value of real estate assets.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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