01/07/2019 - 06:53

Morning Headlines

01/07/2019 - 06:53

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Morning Headlines

Jobs stay as Doral buys mine

Up to 80 jobs in the South West have been saved after administrators for collapsed MZI Resources sold the company’s Keysbrook mineral sands mine and associated infrastructure to Japan’s Doral for $32 million. The West

Tensions bubble up at Woodside oil project

A decision on the go-ahead for Woodside Petroleum’s $3 billion SNE oil project in Senegal is set to go down to the wire as discussions on project funding are hampered by an arbitration process set to kick off next week that could result in the Australian major’s ouster from the venture. The Fin

Commodity exports headed for $285b peak

Soaring iron ore and coking coal prices will drive the value of Australian mining and energy exports to a record high over the next year, and the Department of Industry says a trade war between the world’s two biggest economies could provide a perverse boost to demand for those commodities. The Fin

Tax fight left rare earths miner on the brink

The rare earths company in the middle of a $24 million dispute with the Australian Tax Office over research and development rebates has revealed that the fight put it on the brink of collapse just as prices for rare earths started to soar. Northern Minerals managing director George Bauk told The Australian that the company had engaged with Prime Minister Scott Morrison and Resources Minister Matt Canavan in an attempt to resolve the issue, which he said had threatened the future of the company’s Browns Range rare earths project in Western Australia’s East Kimberley region. The Aus

Much more than tax cuts to come: PM

Scott Morrison says the federal government’s income tax cuts could pass both houses of Parliament by as early as Thursday but it will be just the start of what is ‘‘a chocked program’’ of legislation between now and the end of the year. The Fin

NRW taps Longreach for its tilt at BGC

NRW Holdings is understood to have tapped boutique advisory Longreach Capital as part of its efforts to buy BGC Contracting. The Aus

Nine takes on Facebook, Google in SME ads

Nine is hoping to crack a new advertising market with the launch of its self-serve trading platform, 9Voyager, which is aimed at small-to-medium sized businesses who have largely shied away from television and streaming ads. The Fin

Tech takes Morrison’s G20 resolution in stride

Global technology giants including Facebook and Google have greeted the release of a Scott Morrison-led G20 statement demanding greater action against the spread of terrorist content, by saying they were already doing everything being asked of them, and also signed off an Australian Taskforce report pledging to do the same thing. The Fin

Toys R Us reborn online and on eBay

Online retailer Hobby Warehouse has been bowled over by demand from shoppers and suppliers since relaunching Toys R Us, 12 months after the bigbox toy chain collapsed. The Fin

Union in a $10m field day

A State Government plan to give bureaucrats a new public holiday could end up costing taxpayers more than $10 million. The West

 

 

The Australian Financial Review

Page 1: Scott Morrison says the federal government’s income tax cuts could pass both houses of Parliament by as early as Thursday but it will be just the start of what is ‘‘a chocked program’’ of legislation between now and the end of the year.

The Reserve Bank of Australia will cut its cash rate twice more this year, beginning tomorrow, to take it to 0.75 per cent, according to the median forecast in The Australian Financial Review’s latest quarterly economists’ survey.

Page 3: The nation’s major mainland capitals’ housing prices are at the bottom of the market after a long period of low clearance rates, price falls and weakening market sentiment, according to analysis by Herron Todd White, one of the nation’s largest valuation companies.

Page 4: The federal government, business and national security experts are trying to understand the effect of Donald Trump’s decision to backtrack from his administration’s blanket ban against Chinese electronics and technology company, Huawei.

Page 5: Global technology giants including Facebook and Google have greeted the release of a Scott Morrison-led G20 statement demanding greater action against the spread of terrorist content, by saying they were already doing everything being asked of them, and also signed off an Australian Taskforce report pledging to do the same thing.

Page 6: Soaring iron ore and coking coal prices will drive the value of Australian mining and energy exports to a record high over the next year, and the Department of Industry says a trade war between the world’s two biggest economies could provide a perverse boost to demand for those commodities.

Page 13: Dixon Advisory’s US property fund provided mortgages to directors, contractors and an executive of its joint venture partner that bought homes from their real estate portfolio.

Page 15: Online retailer Hobby Warehouse has been bowled over by demand from shoppers and suppliers since relaunching Toys R Us, 12 months after the bigbox toy chain collapsed.

Page 16: Nine is hoping to crack a new advertising market with the launch of its self-serve trading platform, 9Voyager, which is aimed at small-to-medium sized businesses who have largely shied away from television and streaming ads.

Page 17: A decision on the go-ahead for Woodside Petroleum’s $3 billion SNE oil project in Senegal is set to go down to the wire as discussions on project funding are hampered by an arbitration process set to kick off next week that could result in the Australian major’s ouster from the venture.

 

 

The Australian

Page 1: Rugby Australia may have inadvertently opened another legal avenue for Israel Folau to pursue following suggestions that sponsors were threatening to withdraw support if the former Wallaby player wasn’t sacked.

Page 2: The Australian Federal Police has joined Monash University to develop powerful artificial intelligence software to sift through millions of child abuse images, more easily identifying victims and offenders and protecting officers from trauma.

Page 3: Scott Morrison has thrown the weight of the federal government behind Brisbane’s likely bid for the 2032 Olympic Games after meeting International Olympic Committee president Thomas Bach in Japan.

Page 4: Former Liberal frontbencher Christopher Pyne could be called back to parliament to explain his decision to take up a job as a defence industry consultant with Ernst & Young, amid moves to set up a Senate inquiry into his post-ministerial employment.

Page 9: Donald Trump yesterday became the first sitting US president to set foot in North Korea, making 20 extraordinary steps over the border at the invitation of Kim Jongun before announcing the resumption of nuclear talks with the pariah nation and inviting the north’s leader to Washington.

Page 17: US President Donald Trump and his Chinese counterpart Xi Jinping agreed to a ceasefire on trade that will remove some curbs on Huawei buying hi-tech equipment from the US, for the moment lifting a cloud over the global economy.

Banks will be forced to treat their customers fairly under new rules to be introduced today by the Australian Banking Association.

The rare earths company in the middle of a $24 million dispute with the Australian Tax Office over research and development rebates has revealed that the fight put it on the brink of collapse just as prices for rare earths started to soar. Northern Minerals managing director George Bauk told The Australian that the company had engaged with Prime Minister Scott Morrison and Resources Minister Matt Canavan in an attempt to resolve the issue, which he said had threatened the future of the company’s Browns Range rare earths project in Western Australia’s East Kimberley region.

Page 18: NRW Holdings is understood to have tapped boutique advisory Longreach Capital as part of its efforts to buy BGC Contracting.

 

 

The West Australian

Page 3: Comedy performer Tom Gleeson was last night announced a shock winner of the Gold Logie for most popular personality on Australian TV.

Page 5: Prime Minister Scott Morrison has confirmed the Government’s controversial “big stick” energy divestment legislation, which could result in lower power prices on the east coast, will return to Parliament this year.

Tax cuts will dominate the first sitting week of the 46th Parliament when politicians arrive back in Canberra today.

Page 9: Revellers attending a “strippers, cheeseburgers, whipped cream and champagne” event at The Library nightclub were lucky to escape serious injury after part of an external wall collapsed at the busy venue.

Page 10: While most parents try to limit the time teens spend playing computer games, WA schools are encouraging more students into competitive online gaming.

Page 14: A State Government plan to give bureaucrats a new public holiday could end up costing taxpayers more than $10 million.

Page 16: The Perth Royal Show should be shifted from Claremont to the Swan Valley to make way for urban development, according to the local mayor.

Business: Up to 80 jobs in the South West have been saved after administrators for collapsed MZI Resources sold the company’s Keysbrook mineral sands mine and associated infrastructure to Japan’s Doral for $32 million.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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