20/09/2019 - 06:52

Morning Headlines

20/09/2019 - 06:52

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Morning Headlines

Confidence lost in EPA: Woodside

A plan to make big new projects offset their entire greenhouse gas emissions has shaken confidence in the Environmental Protection Authority, according to Australia’s largest oil and gas operator. The West

Tycoon hits out at $670k scam ads

Andrew Forrest has criticised Facebook and other social media giants for their inaction over fraudulent advertising after a West Australian woman lost almost $700,000 to a scam ad featuring the mining magnate’s name and image. The Aus

Jobs put RBA rate cut in play

Expectations for the Reserve Bank of Australia to cut the official interest rate to 0.75 per cent in less than a fortnight have surged following a worse than expected unemployment rate and easing from the US Federal Reserve. The Fin

Alinta games WA

Alinta Energy plans to roll out an energy offer tailored to WA sporting fans as it chases new ways to attract and retain gas customers. The West

Inpex chatter boosts $50b oil and gas sector reshape

The rising wave of restructuring in the country’s oil and gas sector has reached a new level with suggestions Japan’s Inpex Corporation may be considering a potential float of its Australian operations, centred around the $US45 billion ($66 billion) Ichthys liquefied natural gas project in northern Australia. The Fin

Brickworks sees new strength in housing nationwide

The boss of Australia’s biggest brickmaking company says the housing market is already starting to improve, with orders and sales having stabilised, and he expects it to begin rising again beginning in January next year. The Fin

ACCC push for BlueScope to be prosecuted

The competition watchdog is pushing to launch a criminal prosecution against BlueScope and former senior representatives on the back of a civil case where court documents reveal the extent of alleged cartel conduct. The Fin

Families in financial funk despite reasons to be cheerful

Australian families are in a financial funk, despite tax and rate cuts and improving sentiment about the residential property market, according to analysis by global investment bank Morgan Stanley. The Fin

Civil war erupts in CFMEU over Setka

The Construction, Forestry, Maritime, Mining and Energy Union is facing a damaging internal war over John Setka, with the union’s mining division publicly attacking the Victorian leader for poaching members from another division. The Fin

Lisa denies being pleased of demise

Former Perth lord mayor Lisa Scaffidi was happy to “blow up the council” by agreeing with the Goverment’s decision to suspend the shambolic City of Perth, according to fellow councillor Reece Harley. The West

One in five eye off new home

Hopes for WA’s property market have been buoyed by a survey showing about one in five people are in the market to purchase a property in the next 12 months. The West

 

 

The Australian Financial Review

Page 1: Expectations for the Reserve Bank of Australia to cut the official interest rate to 0.75 per cent in less than a fortnight have surged following a worse than expected unemployment rate and easing from the US Federal Reserve.

Page 3: The tax office was taken by surprise when Chinese billionaire Huang Xiangmo had his Australian visa cancelled last December, a move that has made it more difficult for authorities to collect his $140 million debt.

Page 4: Australian families are in a financial funk, despite tax and rate cuts and improving sentiment about the residential property market, according to analysis by global investment bank Morgan Stanley.

Page 8: The federal government has secured its ban of default insurance cover for low balance and younger superannuation members, with an exemption for workers in so-called dangerous occupations.

Page 11: The Construction, Forestry, Maritime, Mining and Energy Union is facing a damaging internal war over John Setka, with the union’s mining division publicly attacking the Victorian leader for poaching members from another division.

Page 15: The competition watchdog is pushing to launch a criminal prosecution against BlueScope and former senior representatives on the back of a civil case where court documents reveal the extent of alleged cartel conduct.

The boss of Australia’s biggest brickmaking company says the housing market is already starting to improve, with orders and sales having stabilised, and he expects it to begin rising again beginning in January next year.

Page 18: The rising wave of restructuring in the country’s oil and gas sector has reached a new level with suggestions Japan’s Inpex Corporation may be considering a potential float of its Australian operations, centred around the $US45 billion ($66 billion) Ichthys liquefied natural gas project in northern Australia.

 

 

The Australian

Page 1: Scott Morrison has embarked on a historic visit to Donald Trump’s White House, declaring that the US is Australia’s “most important ally and strategic partner”, while signalling his desire for China to be part of an “inclusive, prosperous and secure Indo-Pacific”.

Page 2: The Northern Territory will become “uninhabitable” if governments do not take action on climate change, Labor Environment Minister Eva Lawler has claimed.

The Australian Workers’ Union will call on Australia to drop restrictions on nuclear power in a significant break from the Labor Party and other unions.

Australia’s top domestic spy agency received a tip-off about a person associated with a “hostile intelligence service” — but was limited in investigating the matter due to current metadata legislation.

Page 3: Andrew Forrest has criticised Facebook and other social media giants for their inaction over fraudulent advertising after a West Australian woman lost almost $700,000 to a scam ad featuring the mining magnate’s name and image.

Page 6: Young workers and those with super balances of less than $6000 stand to save a collective $3bn a year in unnecessary life insurance fees that can erode savings, after the government struck a deal in the Senate.

The Reserve Bank has more reason to rush to a rate cut in the first week of October after Australia’s jobless rate climbed to a 13-month high of 5.3 per cent.

Page 9: US President Donald Trump has ordered substantial new sanctions against Iran as Secretary of State Mike Pompeo declared the attack on Saudi Arabia’s oil facilities “an act of war”.

Page 21: AGL Energy has rejected a sizeable shareholder vote calling for it to bring forward the planned closure of its coal power plants, arguing it needs to balance the emissions goals of the Paris climate accord with the reality of ensuring the power grid stages an orderly transition away from the fossil fuel.  

 

 

The West Australian

Page S6: Anti-doping regulations are unnecessarily ruining sports players’ lives and need to be drastically overhauled, according to an international body representing thousands of athletes.

Page 5: As Perth’s school students prepare to take part in today’s climate strike, a survey by ReachOut Australia and Student Edge reveals 17 per cent of 14 to 23-year-old students are being kept awake at night because they worry about the climate.

Page 6: A plan to make big new projects offset their entire greenhouse gas emissions has shaken confidence in the Environmental Protection Authority, according to Australia’s largest oil and gas operator.

Page 8: Community leaders and Australia’s resource giants have sounded the alarm on a push to slash vital tax concessions for remote housing — with warnings the plan will destroy remote cities and towns.

The Federal Budget has effectively broken even for the first time in more than a decade, with WA’s mining industry credited for putting the economy back on track.

Page 20: Former Perth lord mayor Lisa Scaffidi was happy to “blow up the council” by agreeing with the Goverment’s decision to suspend the shambolic City of Perth, according to fellow councillor Reece Harley.

Page 21: Hopes for WA’s property market have been buoyed by a survey showing about one in five people are in the market to purchase a property in the next 12 months.

Page 24: Former prime minister Julia Gillard has spoken out about the deep impact mental health is having as GPs revealed depression, anxiety and mood swings were the most common ailments they treated.

Business: Alinta Energy plans to roll out an energy offer tailored to WA sporting fans as it chases new ways to attract and retain gas customers.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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