21/08/2019 - 07:03

Morning Headlines

21/08/2019 - 07:03

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Morning Headlines

Trade war worries BHP

BHP warns that US President Donald Trump’s trade war against China has softened the outlook for Australia’s top export commodities, raising concerns that shareholder returns have peaked with the company’s record 2019 dividend. The Fin

Western Areas expects hot demand

Western Areas has flagged hot competition for its nickel when off-take agreements with BHP expire early next year and says the mining giant has only a small window to make premiums from its new battery-focused nickel sulphate plant. The Fin

Committee to grill APRA again over super capability

The Australian Prudential Regulation Authority will be recalled before Parliament’s economics committee by the end of the year to demonstrate it has made progress on issues such as establishing a division to monitor the superannuation sector, as was required in last month’s capability review of the regulator. The Fin

Your data at risk in takeovers

Australians’ personal data must be protected in foreign takeovers just like critical infrastructure such as ports, water and power, Foreign Investment Review Board chairman David Irvine has warned. The Aus

Trump adds Huawei Australia to blacklist

The US government has added Huawei Australia to its list of entities US companies are forbidden from trading with, in a move the Chinese telecoms firm labelled ‘‘unjust’’ and ‘‘politically motivated’’. The Fin

Kogan eyes super, credit and energy

Kogan.com is shifting its sights away from selling national and global brands in favour of house brands and services to differentiate itself from online behemoths eBay and Amazon. The Fin

Gas plant imports could be doubled

The Port Kembla LNG import plant backed by billionaire Andrew Forrest may be delayed until 2021 as high demand has backers considering a doubling of the facility’s capacity. The Aus

New rules for bully parents

Teachers and principals will be free to ignore parents who send offensive or threatening emails under new communication protocols for WA public schools. The West

Big Pilbara iron ore miners rake in the cash

WA’s big three iron ore miners made nearly $45 billion in raw profits from their sprawling Pilbara iron ore operations in the past year, WestBusiness can reveal. The West

Stockland to sell last of its Perth assets

Durack Centre and two small properties have hit the market as Stockland sheds the last of its Perth city portfolio. The West

 

 

The Australian Financial Review

Page 1: BHP warns that US President Donald Trump’s trade war against China has softened the outlook for Australia’s top export commodities, raising concerns that shareholder returns have peaked with the company’s record 2019 dividend.

Education department officials, as well as national security and cybersecurity experts, will meet university representatives today to thrash out guidelines governing collaborative research, amid government concerns over growing Chinese encroachment.

Page 2: The Australian Prudential Regulation Authority will be recalled before Parliament’s economics committee by the end of the year to demonstrate it has made progress on issues such as establishing a division to monitor the superannuation sector, as was required in last month’s capability review of the regulator.

Page 4: Australia’s leading universities face a ‘‘catastrophic’’ hit to student revenues if China imposes strict currency controls, and income could potentially fall by $1 billion.

Page 6: New figures show that delays in approving enterprise agreements have reduced significantly, removing a key reason cited by employers for reforming the enterprise bargaining system.

Page 10: The US government has added Huawei Australia to its list of entities US companies are forbidden from trading with, in a move the Chinese telecoms firm labelled ‘‘unjust’’ and ‘‘politically motivated’’.

Page 15: ANZ Bank says it may be forced to ration capital allocated to New Zealand and retain a higher proportion of earnings in that country after the prudential regulator slashed the ceiling on capital allocated to foreign subsidiaries.

New Seven West Media chief executive James Warburton has quashed speculation the Stokes family is losing interest in media and indicated the mogul is prepared to provide the financial firepower for the broadcaster to bulk up through mergers and acquisitions.

Page 17: Kogan.com is shifting its sights away from selling national and global brands in favour of house brands and services to differentiate itself from online behemoths eBay and Amazon.

Page 21: Oil Search chief executive Peter Botten has underlined the urgency of resolving the uncertainty over a gas deal with the Papua New Guinea government to avoid the expiry of attractively priced contracts for engineering work on a proposed $US14 billion ($20.7 billion) LNG expansion.

Page 22: Western Areas has flagged hot competition for its nickel when off-take agreements with BHP expire early next year and says the mining giant has only a small window to make premiums from its new battery-focused nickel sulphate plant.

 

 

The Australian

Page 1: Australians’ personal data must be protected in foreign takeovers just like critical infrastructure such as ports, water and power, Foreign Investment Review Board chairman David Irvine has warned.

Page 2: The Reserve Bank board is considering a range of “unconventional” measures to pump more money into the economy and combat a slowing global outlook amid the US-China trade war.

Page 4: The CFMEU has launched a landmark union-funded class action against prominent labour-hire firm WorkPac, seeking more than $12 million in leave entitlements for 600 coalminers it says were misclassified as casuals.

Page 19: Online employment group Seek has doubled down on its vision to reach $5 billion in revenue in six years by changing its dividend policy to free up cash to invest in new products and technology, as it warned investors of weaker than expected profits in the year ahead.

Page 21: The Port Kembla LNG import plant backed by billionaire Andrew Forrest may be delayed until 2021 as high demand has backers considering a doubling of the facility’s capacity.

Page 24: Asaleo Care, the consumer goods business whose products include Libra and Tena, has swung back to a profit of $7.3 million for the first half of the 2019 fiscal year, from a loss of $101.5m in the previous corresponding period, but has suffered an erosion of its earnings margins at the supermarkets as it chose to discount its products to defend and grow market share.

Page 27: Federal Education Minister Dan Tehan is widely expected to release his review of regional, rural and remote higher education next week with additional undergraduate places for non-metropolitan campuses likely to be the chief recommendation.

 

 

The West Australian

Page 10: The peak body representing mobile food vendors has lost its food fight with a Perth council that voted overnight to ban food trucks from freely trading on public land.

Teachers and principals will be free to ignore parents who send offensive or threatening emails under new communication protocols for WA public schools.

Page 11: China says it is happy for Australia and the superpower to “talk to each other candidly” but has also warned there must be a level of “respect” and that the countries should “seek common ground and meet each other halfway” on disagreements.

Page 16: WA is likely to hand veterans of the Iraq and Afghanistan conflicts substantial discounts for buses and trains as the Returned and Services League warns an increasing number of former soldiers are doing it tough.

Page 22: Airport workers across Australia will rally today for better pay and more guaranteed hours but promise not to disrupt flights.

Business: WA’s big three iron ore miners made nearly $45 billion in raw profits from their sprawling Pilbara iron ore operations in the past year, WestBusiness can reveal.

The threat of an International Monetary Fund bailout, unthinkable a few years ago, may force South Africa’s government to push through the reforms it needs to rescue the economy.

Panoramic Resources boss Peter Harold has resigned from the nickel miner but may not leave the company for another year

Durack Centre and two small properties have hit the market as Stockland sheds the last of its Perth city portfolio.

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