02/09/2019 - 06:53

Morning Headlines

02/09/2019 - 06:53

Bookmark

Save articles for future reference.
Morning Headlines

Gen X bosses come from outside club

Generation X has taken over control of corporate Australia, producing a new wave of CEOs who are far more international than their US counterparts and are more likely to have been promoted from within. The Fin

Woodside’s LNG carrot for ships

Woodside Energy has used a submission to Australia’s Climate Change Authority to press the case for LNG to be used as fuel for sea freighters, urging emission control zones and discounted port fees for “clean’ ships. The West

Miners weigh lowering hurdle on projects

Super low interest rates are tempting Australian miners to break with tradition and invest in projects with rates of return below 15 per cent, with one mining boss warning an inflexible approach to investment hurdles would disadvantage investors. The Fin

Landlords brace as DJs shrinks

Major landlords including the owner of the local Westfield empire, Scentre, as well as Vicinity Centres, GPT and Stockland could be exposed as David Jones looks to shrink its store network in Australia. The Aus

Trade war should not deter retailers: Ant boss

A top executive with one of Asia’s biggest payments platforms says the opportunities for Australian retailers to sell to Chinese customers will survive Donald Trump’s trade war. The Fin

Casino alerts authorities to high roller’s ‘endless’ funds

Perth’s Crown Casino blew the whistle on a suspected money laundering scheme involving a millionaire milk powder exporter, a Perth-based money remitter — and a mysterious Northbridge forklift driver with access to hundreds of thousands of dollars in cash. The West

Top-class education is a steal

Parents can buy their children a world-class education at Willetton Senior High School — which led The West Australian’s top schools list — for the cost of a median-priced home. The West

University label is out of date

Universities are ‘‘much more immature’’ than the finance sector in risk management of research, philanthropy and procurement and the level of due diligence that was acceptable in higher education as recently as last year is already out of date. The Fin

Cups run over for sought-after sports stream

Kayo Sports has lifted the bonnet on its ratings data for the first time, revealing that football fans spend an average of more than three hours a week on the streaming platform as it notches up 382,000 subscribers in Australia. The Aus

  

 

The Australian Financial Review

Page 1: Leading chief executives urged the Morrison government to boost confidence in Australia’s softer economy, to be prepared for a budget stimulus if growth weakens further but doubt that further interest rate cuts will help.

Page 3: Generation X has taken over control of corporate Australia, producing a new wave of CEOs who are far more international than their US counterparts and are more likely to have been promoted from within.

Page 5: Financial advisers will be given up to an extra two years to upgrade their professional standards and qualifications under a concession announced by the Morrison government.

Page 6: A dearth of technology talent has led professional services firms to broaden their hunt for staff and PwC has turned to the traditionally trades-focused model of apprenticeships for assistance.

Page 9: A KPMG assessment used by Home Affairs to select Paladin for a $532 million security contract on Manus Island was unreliable and didn’t even check the company’s bank statements, says the department’s own audit.

Page 13: A top executive with one of Asia’s biggest payments platforms says the opportunities for Australian retailers to sell to Chinese customers will survive Donald Trump’s trade war.

Page 15: Australian travel agency Flight Centre has been dragged into the fallout of the fraudulent Bahamas music festival Fyre.

Page 18: Super low interest rates are tempting Australian miners to break with tradition and invest in projects with rates of return below 15 per cent, with one mining boss warning an inflexible approach to investment hurdles would disadvantage investors.

Page 19: A joint venture between construction giant Lendlease and CIMIC subsidiary CPB Contractors will break ground on a slew of projects related to the new Western Sydney International Airport as part of a $644 million contract.

Page 29: Google Australia head Melanie Silva has fended off questions about the competition regulator’s push to curb the global technology giant’s market power over the local media sector, suggesting that the company’s advertising deal with Nine-owned mastheads shows how the market can work.

Page 20: Universities are ‘‘much more immature’’ than the finance sector in risk management of research, philanthropy and procurement and the level of due diligence that was acceptable in higher education as recently as last year is already out of date.

 

 

The Australian

Page 1: Federal MPs and senators who lost their seats at the election were eligible to claim $1.3 million in “resettlement allowances” under a generous remuneration deal for departing parliamentarians.

Page 3: Australian airports are at serious risk of a Gatwick-style shutdown because laws are too weak to rein in rogue operators of drones.

Page 5: Labor frontbencher Joel Fitzgibbon has backed Christian Porter’s draft religious discrimination bill as being on track to secure a “sensible and balanced outcome” after colleague Tanya Plibersek declared she would “find it very difficult” to support parts of the legislation.

Page 9: Hundreds of Hong Kong prodemocracy activists blocked some routes to the city’s airport yesterday as the financial hub began cleaning up after a night of some of the worst clashes to rock the city in months.

Page 17: Whitehaven is likely to become the world’s first pure-play coal company to report against the Financial Stability Board’s global climate framework, according to the company, as Australian boardrooms respond to growing investor and regulatory pressure for disclosure on climate-related risks and opportunities.

Accounting software maker MYOB’s outgoing boss Tim Reed says the Australian economy will need to rely on every ounce of its good fortune to combat the perils of Brexit and the unpredictable trade war between the US and China.

Page 19: Major landlords including the owner of the local Westfield empire, Scentre, as well as Vicinity Centres, GPT and Stockland could be exposed as David Jones looks to shrink its store network in Australia.

Page 20: The nation’s biggest fruit and vegetable producers have vowed to remove any non-functional or surplus wrapping on their products and are working to ensure it can always be recycled, following the release of new research claiming packaging actually reduces food waste.

Page 23: Kayo Sports has lifted the bonnet on its ratings data for the first time, revealing that football fans spend an average of more than three hours a week on the streaming platform as it notches up 382,000 subscribers in Australia.

 

 

The West Australian

Page 3: A leading WA education union has urged the McGowan Government to better protect public school employees, claiming attacks on staff should be treated the same as other public sector workers.

Page 4: Perth’s Crown Casino blew the whistle on a suspected money laundering scheme involving a millionaire milk powder exporter, a Perth-based money remitter — and a mysterious Northbridge forklift driver with access to hundreds of thousands of dollars in cash.

Page 9: Researchers are developing two devices to measure a baby’s stress levels in a bid to reduce stillbirths and labour complications.

Page 11: Parents can buy their children a world-class education at Willetton Senior High School — which led The West Australian’s top schools list — for the cost of a median-priced home.

Page 14: The McGowan Government has added almost 3800 total employees since sweeping to power — despite a wide-reaching redundancy program that has shed more than 2500 jobs over the same period.

Page 16: Federal Government MPs are divided over its new religious discrimination Bill, with some worrying it will not help someone in a similar situation to sacked rugby star Israel Folau.

Business: Woodside Energy has used a submission to Australia’s Climate Change Authority to press the case for LNG to be used as fuel for sea freighters, urging emission control zones and discounted port fees for “clean’ ships.

An increase in locally grown citrus fruit, including limes and seedless lemons, is hitting the WA market after trees planted as part of a big expansion by Harvey Citrus four years ago start producing fruit.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options