25/07/2019 - 06:53

Morning Headlines

25/07/2019 - 06:53

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Morning Headlines

BHP laments Coalition axing the NEG

BHP chief executive Andrew Mackenzie has warned that the Coalition government’s decision to dump the National Energy Guarantee would lead to higher prices and less reliable energy supplies. The Fin

Bizarre twist in live export row

A decision on whether to reopen the live sheep export trade is expected this week with exporters attacking the Federal Government over the data it is using to make its call. The West

Project boom at breaking point

Soaring infrastructure spending to a peak of more than $22 billion in 2022 will heighten the risk of delays and cost blowouts, while major problems in one project could have serious knock-on effects across the engineering and construction sectors, according to a new study. The Aus

Frydenberg mulls renewing RBA target from another era

Treasurer Josh Frydenberg has revealed he is assessing the key monetary policy agreement between the federal government and the Reserve Bank of Australia before signing this pivotal document which for more than two decades has framed central bank decisions on whether interest rates should go up or down. The Fin

Coogee calls for stability on gas

A leading industrial company has urged the State Government to resist attempts to weaken its gas reservation policy, warning a wind-back would cost the State jobs and billions of dollars in investment. The West

Rivals baulk at BHP's carbon push

BHP’s aggressive new stance on slashing downstream carbon emissions should not spread to government policy, Australia’s oil and gas industry has warned. The Aus

Equity raider to swallow Arnott’s

One of Wall Street’s most powerful and feared corporate leviathans, investor KKR, is set to grab control of the nation’s Tim Tams, Mint Slices and Scotch Finger biscuits as the equity raider that was once nicknamed the “Barbarians at the Gate” claims Australia’s Arnott’s as its latest spoils. The Aus

Bold plan to fix Perth’s CBD

The City of Perth has unveiled an unprecedented plan to bring life back into the city, revealing a massive overhaul of the way it deals with parking, small businesses, homeless people and the “meth zombie” scourge. The West

NBN model needs a shake-up: Vodafone

Vodafone Hutchison Australia has called for a big makeover of wholesale prices charged by NBN Co, warning that the current model is making telcos opt against selling faster broadband plans to consumers. The Aus

The brutal food flight of our city

Restaurants and cafes — and the thousands they employ — are the casualties of a stalled WA economy that has families putting away their coats and wallets in favour of baked beans and Netflix. The West

 

 

The Australian Financial Review

Page 1: Treasurer Josh Frydenberg has revealed he is assessing the key monetary policy agreement between the federal government and the Reserve Bank of Australia before signing this pivotal document which for more than two decades has framed central bank decisions on whether interest rates should go up or down.

Key crossbench senator Jacqui Lambie says she might vote for a controversial bill to facilitate the deregistration of unions and officials if John Setka remains at the helm of the Victorian division of the CFMEU.

Page 3: A bid to reform executive bonuses at the major banks was primed to backfire, a remuneration expert said, warning the result was likely to drive up short and long-term bonus payments.

Page 4: The Morrison government has accused the Electrical Trades Union of engaging in millions of dollars in ‘‘wage theft’’ through its worker entitlement fund, as it sought passage of the legislation to regulate the funds through the lower house.

Page 5: The Business Council of Australia has restated its case to increase the Newstart unemployment allowance but says it must not come at the expense of a budget surplus.

Page 6: Retired business executives make excellent spies and are being targeted as possible recruits by Australia’s overseas intelligence agency, which is coming out of the shadows and seeking to lift its profile.

Page 7: BHP chief executive Andrew Mackenzie has warned that the Coalition government’s decision to dump the National Energy Guarantee would lead to higher prices and less reliable energy supplies.

Page 11: China has singled out Australia’s strengthening military ties with the United States in the Asia Pacific as it warned of ‘‘uncertainties’’ to security in the region and flagged a hardline approach towards any independence push in Hong Kong or Taiwan.

Page 16: Energy Minister Angus Taylor has ducked a fight with BHP boss Andrew Mackenzie over emissions policy, claiming common ground on power prices.

Record-low interest rates and tumbling bond yields pushed the All Ordinaries index to a record high on Wednesday, completing an 11 1/2-year recovery from the depths of the financial crisis.

Page 19: Coles chief executive Steven Cain is moving at pace to slash costs and overhaul the retailer’s technology and systems, entering into a long-term partnership with Accenture.

Page 22: BHP boss Andrew Mackenzie’s plan to adopt carbon capture and storage in the steelmaking process has been met with scepticism, experts saying it is unlikely to be economically viable without clear policy incentives such as carbon pricing.

 

 

The Australian

Page 1: Scott Morrison has signalled immediate and sweeping reforms to the public service to make mandarins more accountable and ensure they are serving the “quiet Australians”, confirming a changing of the guard at the top levels of the bureaucracy.

Page 2: One of Wall Street’s most powerful and feared corporate leviathans, investor KKR, is set to grab control of the nation’s Tim Tams, Mint Slices and Scotch Finger biscuits as the equity raider that was once nicknamed the “Barbarians at the Gate” claims Australia’s Arnott’s as its latest spoils.

Page 3: Foxtel is repositioning itself as a one-stop premium television and streaming hub by upgrading its platform and adding Netflix and SBS content.

Page 4: The National Farmers Federation will launch a major campaign to bolster public support for agriculture and counter anti-farming activism by left-leaning groups.

Page 6: Sun Yang’s coach, Denis Cotterell, an Australian national team mentor for 30 years, says the Chinese star is as clean as his other great protege, Grant Hackett, and it is hypocritical for Australian swimmers to vilify the world champion when some of their teammates have broken anti-doping rules.

Page 7: A former high-flying Seven West Media executive spent the night behind bars after being charged with using forged signatures and fake invoices to allegedly pilfer more than $8 million from the media network over 14 years.

Page 17: BHP’s aggressive new stance on slashing downstream carbon emissions should not spread to government policy, Australia’s oil and gas industry has warned.

Page 18: Carnarvon Petroleum is expected to extend its equity raising efforts in the days ahead to fund the Dorado oil project that it owns with Santos, as market observers continue to suggest that the company could be a takeover target — potentially by Beach Energy.

Page 19: Soaring infrastructure spending to a peak of more than $22 billion in 2022 will heighten the risk of delays and cost blowouts, while major problems in one project could have serious knock-on effects across the engineering and construction sectors, according to a new study.

Vodafone Hutchison Australia has called for a big makeover of wholesale prices charged by NBN Co, warning that the current model is making telcos opt against selling faster broadband plans to consumers.

A recent spate of fires in Chinese electric vehicles could slow the shift in lithium markets towards the hydroxide products targeted by Australia’s rapidly expanding lithium industry.

Cash, including savings accounts and term deposits, is set to remain the most favoured investment among Australian investors who have more than $1 million in investable assets.

 

 

The West Australian

Page 3: A decision on whether to reopen the live sheep export trade is expected this week with exporters attacking the Federal Government over the data it is using to make its call.

Page 4: James Packer’s biggest ever yacht has taken four years to complete and the budget has blown out by $50 million but the Australian billionaire is about to set sail into a whole new world of luxury.

Page 6: The University of WA has increased the range of courses that students can win places in before they even sit their Year 12 exams.

Page 7: Under tougher rules which took effect this week, children who are not fully immunised are banned from enrolling in childcare and kindergarten programs.

Page 8: Restaurants and cafes — and the thousands they employ — are the casualties of a stalled WA economy that has families putting away their coats and wallets in favour of baked beans and Netflix.

The City of Perth has unveiled an unprecedented plan to bring life back into the city, revealing a massive overhaul of the way it deals with parking, small businesses, homeless people and the “meth zombie” scourge.

Page 14: Murdoch University has appointed the former State chairman of accounting firm KPMG as its new chancellor.

Business: A leading industrial company has urged the State Government to resist attempts to weaken its gas reservation policy, warning a wind-back would cost the State jobs and billions of dollars in investment.

Evolution Mining boss Jake Klein delivered a sober word of caution yesterday, saying the miner was not about to be caught up in the hype around record gold prices.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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