26/09/2019 - 06:45

Morning Headlines

26/09/2019 - 06:45

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Morning Headlines

Taking sides in trade war a risk to Aussie jobs, Premier warns

West Australian Premier Mark McGowan has urged Scott Morrison not to do the US’s bidding after the Prime Minister said China should no longer enjoy the trade concessions of a developing nation. The Aus

Citic finally in the black with Pilbara iron ore mine

China’s most expensive foray into the Australian resources sector has finally turned a profit, almost six years after exporting its first shipment of iron ore, as surging commodity prices in the first half of 2019 finally float Citic’s boat. The Aus

New pollution hurdle for Gorgon

Chevron’s massive $US55bn Gorgon LNG project faces a fresh challenge after Western Australia’s environment watchdog set a near-impossible target for the ambitious carbon injection project. The Aus

Rio Tinto teams with China to cut emissions

Rio Tinto moved to silence its climate change critics and activist investor groups with a landmark agreement to work with China’s biggest steel maker on ways to reduce greenhouse gas emissions. The Fin

CIMIC taps JPMorgan for mining services review, potential sale

CIMIC Group has drafted in investment bank JPMorgan to help consider strategic options for some of its mining services operations under the Thiess and Sedgman brands. The Fin

CBH looks to cut farm costs for competitive edge on Russia

CBH chief executive Jimmy Wilson has revealed aspirations for his grains storage and handling business to capture a quarter of the State’s fertiliser market to help drive down costs for farmers and maintain international competitiveness. The West

‘Don’t force banks to curb loans’

Treasurer Josh Frydenberg has pushed back against regulators being too stringent in enforcing responsible lending rules, warning that this could penalise ‘‘hard-working families’’ trying to get a housing loan and hurt the economy. The Fin

Wesfarmers chides Coalition over capital investment call

Wesfarmers chairman Michael Chaney has defended the right of companies to pursue social and environment issues and taken a swipe at calls for business to increase capital investment rather than hand cash back to shareholders. The Fin

Industry panel to get say in VET plan

Industry will be given a greater say over the direction of skills policy through the creation of a 19-member panel to help oversee the implementation of the government’s $525m plan to boost the Vocational Education and Training system. The Fin

Focus sticks with Horizon

Focus Minerals has rejected an offer from China’s Hanking Holdings for its Coolgardie gold project despite the tilt potentially being worth $10 million more than an existing bid. The West

 

 

The Australian Financial Review

Page 1: Treasurer Josh Frydenberg has pushed back against regulators being too stringent in enforcing responsible lending rules, warning that this could penalise ‘‘hard-working families’’ trying to get a housing loan and hurt the economy.

Donald Trump’s White House has given a ‘‘strong’’ reception to a bold plan devised and backed by Andrew Forrest with more than $US300 million ($442 million) of his own money to end $2.2 trillion of plastic waste around the globe, the iron ore magnate said.

Page 3: Retail superannuation funds fear an absence of like-for-like comparisons will give industry funds an unfair advantage as they fight for the ultimate prize: a spot on the proposed ‘‘best in show’’ shortlist.

Page 5: Singapore’s largest independent electricity retailer iSwitch has emerged as the first potential customer for a $20 billion-plus solar power export venture backed by tech billionaire Mike Cannon-Brookes.

Page 10: Building materials giant Brickworks has publicly backed the Morrison government’s proposed union laws as a way to deal with union officials who ‘‘push the envelope to its limits’’ when visiting workers at its sites.

Page 11: Beijing has warned Australia to make ‘‘more effort’’ to enhance trust and co-operation in response to Prime Minister Scott Morrison’s support for Donald Trump’s push for China to shed its favourable trading status in the World Trade Organisation.

Page 15: Rio Tinto moved to silence its climate change critics and activist investor groups with a landmark agreement to work with China’s biggest steel maker on ways to reduce greenhouse gas emissions.

Electricity policymakers, enforcers and producers are forming battle lines in what is set to be a contentious debate over the future design of the National Electricity Market.

Wesfarmers chairman Michael Chaney has defended the right of companies to pursue social and environment issues and taken a swipe at calls for business to increase capital investment rather than hand cash back to shareholders.

Page 16: CIMIC Group has drafted in investment bank JPMorgan to help consider strategic options for some of its mining services operations under the Thiess and Sedgman brands.

Page 17: Nine Entertainment is calling for digital giants including Google and Facebook to abandon their adversarial approach by dropping restrictive global standards and to adjust advertising payment rates for the local market.

Page 19: Shares in Afterpay surged by more than 13 per cent after the buy-now paylater juggernaut updated the market on its anti-money laundering audit, while Goldman Sachs upgraded its share price target on the stock to $42.90.

Rich Lister Nick Politis’ holding in the enlarged car dealership group AP Eagers is worth almost $1 billion as Automotive Holdings Group disappears from the ASX, but Victorian car dealer Patterson Cheney has offloaded a $64 million stake in the company.

 

 

The Australian

Page 1: British Prime Minister Boris Johnson on Wednesday night faced renewed calls to resign and apologise to the Queen, amid fresh uproar that his government was looking to quickly put aside the Supreme Court’s constitutional ruling that he acted unlawfully to suspend parliament for five weeks.

Page 2: China is poised to unveil one of its most cutting-edge military capabilities — a new stealth attack drone — amid questions over the size and effectiveness of Australia’s defence innovation program.

Industry will be given a greater say over the direction of skills policy through the creation of a 19-member panel to help oversee the implementation of the government’s $525m plan to boost the Vocational Education and Training system.

Page 4: West Australian Premier Mark McGowan has urged Scott Morrison not to do the US’s bidding after the Prime Minister said China should no longer enjoy the trade concessions of a developing nation.

Page 17: Chevron’s massive $US55bn Gorgon LNG project faces a fresh challenge after Western Australia’s environment watchdog set a near-impossible target for the ambitious carbon injection project.

Page 18: The contest to secure control of Lendlease’s services and engineering operations appears to be heading closer to a conclusion, with China-backed John Holland and Italian firm Salini Impregilo said to be closing in.

Page 20: China’s most expensive foray into the Australian resources sector has finally turned a profit, almost six years after exporting its first shipment of iron ore, as surging commodity prices in the first half of 2019 finally float Citic’s boat.

 

 

The West Australian

Page 3: Mothers put themselves at higher risk when trying a natural birth after a caesarean, according to a major study.

Page 7: City of Swan councillors voted last night to stop any new religious places of worship being built in a big chunk of the Swan Valley.

Page 8: The number of working holidaymakers has soared 20 per cent in the past year, with 43,000 young people scattered across regional centres.

Page 9: Rooftop solar and other distributed energy resources are reaching critical mass and need urgent reform to be workable in the future, a new report out today reveals.

Page 11: WA will be linked into the financial heart of China with the McGowan Government to announce direct flights between Perth and Shanghai.

Page 20: A BP worker sacked for sharing a Downfall parody video about the company being locked in tense wage negotiations is appealing against a Fair Work Commission ruling that his dismissal was fair.

Business: CBH chief executive Jimmy Wilson has revealed aspirations for his grains storage and handling business to capture a quarter of the State’s fertiliser market to help drive down costs for farmers and maintain international competitiveness.

Focus Minerals has rejected an offer from China’s Hanking Holdings for its Coolgardie gold project despite the tilt potentially being worth $10 million more than an existing bid.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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