06/08/2019 - 06:45

Morning Headlines

06/08/2019 - 06:45

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Morning Headlines

BHP pegs Venus as nickel’s rising star

BHP’s Nickel West has begun mining at its high-grade Venus deposit and pegged out a vast swathe of new ground in Western Australia, as asset president Eddy Haegel prepares to make good on the company’s promise to turn its nickel division into a tier-one asset. The Aus

South32 shows its steel with coal embrace

South32 has indicated it has no plans to follow the lead of its big brother BHP and set public targets on reducing socalled scope 3 greenhouse gas emissions produced by customers. The Fin

Nickel miner drills down on electric plan

The Fraser Range could host Australia’s first fully electric underground mine if Independence Group’s aggressive exploration efforts locate another deep economic deposit. The West

Privacy warning on Facebook currency

Privacy regulators around the world have raised serious concerns about Facebook’s proposed Libra digital currency, saying the social network has failed to engage with global regulators detailing how it will protect and not misuse the data of hundreds of millions of people. The Aus

One-time apprentice ramps up in $200m float

A former apprentice who began working for himself as a mobile diesel mechanic out of a ute in the Kimberley in 2005 is taking his mining maintenance group to the sharemarket trading boards in a $200 million float. The West

China’s new trade war weapon

China has hit back after Donald Trump’s latest escalation of the trade war, allowing the yuan to weaken beyond 7 against the US dollar for the first time since the global financial crisis, in a move analysts say ‘‘weaponises’’ its currency. The Fin

Coalition pulls triggers on gas policy changes

The Morrison government will announce a swag of new policies today to boost supply into the east coast gas market, including diverting gas for export to domestic users. The Fin

Iron ore miners cop it sweet

Australia’s iron ore miners are copping a hiding after futures prices dropped back below the $US100 a tonne mark. The Aus

NAB, CBA target SMEs in mobile payments

National Australia Bank and Commonwealth Bank are vying to be the first of the big four to provide tap-on-phone payments for small businesses, allowing them to sidestep using a terminal. The Aus

WA leads way for gas blueprint

WA’s domestic gas reservation policy is being hailed a success that could be implemented in the Eastern States. The West

 

 

The Australian Financial Review

Page 1: China has hit back after Donald Trump’s latest escalation of the trade war, allowing the yuan to weaken beyond 7 against the US dollar for the first time since the global financial crisis, in a move analysts say ‘‘weaponises’’ its currency.

Page 2: Companies should be required to disclose workplace safety issues to investors as failure to do so might conceal systemic risks, according to the Australian Council of Superannuation Investors.

Page 3: ANZ Bank chief executive Shayne Elliott will dump bonuses for all employees except its top executives today in an acknowledgement of the damage that can be done when staff put profits before people.

Page 4: The possibility of Australia sending a warship to help protect oil tankers in the Strait of Hormuz was linked to negotiations to secure extra petrol reserves from the United States because both were related to fuel security, Defence Minister Linda Reynolds said.

Page 6: New vehicle sales declined for the 16th straight month in July but the boss of the organisation that oversees 1500 car dealers said a tempering of the slowdown was emerging.

Page 7: The Morrison government will announce a swag of new policies today to boost supply into the east coast gas market, including diverting gas for export to domestic users.

Page 11: South32 has indicated it has no plans to follow the lead of its big brother BHP and set public targets on reducing so-called scope 3 greenhouse gas emissions produced by customers.

Customer growth for retailer Alinta Energy has halved on the east coast since the partial re-regulation of household power prices while “churn” has slowed, said chief executive Jeff Dimery, who is expecting a wave of consolidation in the sector that may throw up acquisition opportunities.

Page 13: Wesfarmers is pressing ahead with the $230 million acquisition of Catch Group, one of Australia’s oldest and largest pure-play online retailers, after receiving the green light from the competition regulator.

Page 16: Fears that a $US14 billion ($20.6 billion) expansion of liquefied natural gas in Papua New Guinea involving Oil Search and Santos could be derailed have been reduced after PNG’s new petroleum minister, Kerenga Kua, said the government had agreed in principle that a controversial agreement on fiscal terms should be upheld.

Page 19: An Australian software company that helps traditional retailers rival Amazon by bolstering their online ordering systems via its cloud-based technology has raised $33 million in a funding round to expand across the United States, Europe and Asia.

 

 

The Australian

Page 1: John Howard has warned that political upheaval in Hong Kong could be “a glimpse of the future for Chinese society”, as Beijing hit back at “unwarranted attacks and slandering” of its role in the region at high-level talks between Australian and US officials.

Page 2: A national gas reservation scheme could be established to boost domestic stocks and drive down energy prices, as part of sweeping measures aimed at opening new investment in gas supplies.

Anthony Albanese and senior MPs claimed more than $114,000 in taxpayer-funded travel entitlements to attend the ALP’s national conference, which was criticised by union bosses as a symbolic gathering designed to avoid debate before the May 18 federal election.

Page 4: Privacy regulators around the world have raised serious concerns about Facebook’s proposed Libra digital currency, saying the social network has failed to engage with global regulators detailing how it will protect and not misuse the data of hundreds of millions of people.

Page 7: Consumers are still keeping their wallets tightly shut despite the government’s tax cuts and Reserve Bank rate reductions, according to new data, as the central bank meets today to weigh up a third interest rate drop in as many months.

Page 17: A new front in the escalating trade war between the US and China has been ripped open, skittling stocks across the region and wiping $38 billion from the Australian market in its biggest one-day loss this year.

Page 18: Australia’s iron ore miners are copping a hiding after futures prices dropped back below the $US100 a tonne mark.

Page 20: National Australia Bank and Commonwealth Bank are vying to be the first of the big four to provide tap-on-phone payments for small businesses, allowing them to sidestep using a terminal.

Page 21: BHP’s Nickel West has begun mining at its high-grade Venus deposit and pegged out a vast swathe of new ground in Western Australia, as asset president Eddy Haegel prepares to make good on the company’s promise to turn its nickel division into a tier-one asset.

 

 

The West Australian

Page 4: The McGowan Government will take the highly unusual step of conscripting former governor and eminent lawyer Malcolm McCusker to sit in Parliament as part of an extraordinary effort to win over wavering MPs on euthanasia.

Page 8: A $5.7 million facelift of Pemberton’s Karri Valley Resort is now complete, giving the property, with its lakeside chalets and talltree views, a new lease on life.

Page 10: WA’s domestic gas reservation policy is being hailed a success that could be implemented in the Eastern States.

Business: A former apprentice who began working for himself as a mobile diesel mechanic out of a ute in the Kimberley in 2005 is taking his mining maintenance group to the sharemarket trading boards in a $200 million float.

The Fraser Range could host Australia’s first fully electric underground mine if Independence Group’s aggressive exploration efforts locate another deep economic deposit.

Embattled gold miner Dacian Gold has its sights set on regaining investor confidence as it desperately tries to claw back its reputation as a rising star.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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