04/10/2019 - 06:55

Morning Headlines

04/10/2019 - 06:55

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Morning Headlines

India, Nepal, Pakistan ‘high risk’ for unis

The $36 billion international education market has been hit by a Home Affairs department decision making it more difficult for students from India, Nepal and Pakistan to get visas for Australia. The Fin

Squeeze on banks a risk to economy

Leading superannuation investors and analysts have cautioned politicians against bank bashing, warning that a squeeze on big four bank profits and dividends from ultra-low interest rates could undermine hopes for a pick-up in economic growth. The Fin

Keeping killer swine fever out of WA

Western Australia is pushing to become its own separate pork export zone in an attempt to safeguard the $163 million industry against the increasing spread of deadly African Swine Fever and keep thousands of locals in jobs. The West

Energy giants should heed consumers

Major energy companies face significant risks as consumers expect the energy providers to transition away from fossil fuel, communities establish their own renewable power grids, and new rules to empower energy customers to switch providers gain traction. The Fin

Dacian’s gold maiden

Dacian Gold continued its long road to redemption yesterday after declaring a maiden resource for its Phoenix Ridge discovery at its Mt Morgans project near Laverton. The West

Trade surplus declines on lower iron ore price

Australia’s monthly trade surplus has dipped back to $5.9 billion in August after hitting a record $8 billion in June, mainly due to a reduction in the price of iron ore and coal. The Fin

Seven CEO Warburton still chasing his Prime target

Seven West Media boss James Warburton may have an acquisition of Prime Media back on the agenda, sources say. The Fin

Netflix lifts prices above the crowd

With US giants Apple and Disney set to rattle the crowded Australian streaming market, Netflix is increasing the price of its premium subscription by 11 per cent. The Aus

Fired up about climate change

WA’s bushfire season now lasts for seven months as the State’s climate becomes increasingly dry, WA’s fire and emergency services commissioner has said. The West

 

 

The Australian Financial Review

Page 1: Leading superannuation investors and analysts have cautioned politicians against bank bashing, warning that a squeeze on big four bank profits and dividends from ultra-low interest rates could undermine hopes for a pick-up in economic growth.

Scott Morrison has announced an audit of Australia’s role in international organisations during a speech in which he railed against the threat of globalism impinging on Australia’s sovereignty.

Page 3: The $36 billion international education market has been hit by a Home Affairs department decision making it more difficult for students from India, Nepal and Pakistan to get visas for Australia.

Page 4: The big banks are forcing savers to bear the brunt of the Reserve Bank of Australia’s (RBA) interest rate cut, doing little to attract and retain depositors hit by near zero returns.

Page 5: House hunters will take advantage of low interest rates by borrowing more money as it becomes available, rather than tightening the belt, undeterred by high levels of debt and economic uncertainty, mortgage brokers and buyers agents say.

Page 7: Major energy companies face significant risks as consumers expect the energy providers to transition away from fossil fuel, communities establish their own renewable power grids, and new rules to empower energy customers to switch providers gain traction.

Page 9: Taxpayers have paid more than $17 million in fees to liquidators and lawyers in their pursuit of billionaire Clive Palmer over the $300 million collapse of his Queensland Nickel refinery in 2016.

Page 10: Australia’s monthly trade surplus has dipped back to $5.9 billion in August after hitting a record $8 billion in June, mainly due to a reduction in the price of iron ore and coal.

Page 11: Fresh doubts have surfaced over just how local Australia’s next-generation fleet of submarines will be after the French designer awarded a major contract to another French company without any competition.

Page 16: Australian shares were swamped by a wave of global selling, as weak US activity data dialled up the panic about an escalating manufacturing recession and sent expectations of further interest rate cuts soaring.

Page 18: Kathmandu’s largest shareholder, Rod Duke’s Briscoe Group, has opted not to take up all its rights in a $NZ145 million ($138 million) capital raising to fund the $350 million acquisition of Rip Curl.

Page 22: Wesfarmers remains confident its venture into lithium mining and processing will pay off after a series of meetings with its joint-venture partner and customers in the electric vehicle industry.

 

 

The Australian

Page 1: Scott Morrison has declared his government will lead the charge in asserting the authority of nation states over unelected international institutions, such as the UN.

Page 4: The Morrison government will hand down the country’s first National Population Statement next year that will set out plans to manage future growth following past failures by government agencies to predict the urban congestion crisis facing the capital cities.

Page 6: The emission offset targets proposed by Western Australia’s environmental watchdog are again shaping as a headache for the state government after a public consultation reinforced deep divisions between industry and environmental groups.

Page 17: Waterfront warrior Chris Corrigan is poised to sell out of his listed agribusiness interests at a hefty premium after Canadian giant PSP Investments swooped on nut grower Webster in a $724m takeover deal.

Non-bank lender Pepper is targeting an ASX listing in May and has three investment banks lined up to help manage the potential $1bn process.

Page 18: Seven West Media boss James Warburton may have an acquisition of Prime Media back on the agenda, sources say.

Page 19: A global deal to create the world’s largest online betting and gaming operator could hit a regulatory hurdle in Australia as the transaction delivers the new group a healthy chunk of the domestic market.

Page 20: Qantas has savaged Virgin Australia’s bid for one of two daily slots at Tokyo’s Haneda Airport, suggesting the smaller airline is a risky option because of its poor financial position.

With US giants Apple and Disney set to rattle the crowded Australian streaming market, Netflix is increasing the price of its premium subscription by 11 per cent.

 

 

The West Australian

Page 4: Western Australia is pushing to become its own separate pork export zone in an attempt to safeguard the $163 million industry against the increasing spread of deadly African Swine Fever and keep thousands of locals in jobs.

Page 5: The free parking bonanza in the Perth CBD could get started this Christmas season at three major carparks.

Page 8: Anti-domestic violence campaigners say they fear there will be a “huge hole” in the Federal Government’s plan to tackle domestic abuse after the shock closure of White Ribbon.

Page 11: WA has the nation’s second highest rate of measles cases this year, as the number of people infected in an outbreak that spread from New Zealand jumped to 11 yesterday.

Page 18: WA’s bushfire season now lasts for seven months as the State’s climate becomes increasingly dry, WA’s fire and emergency services commissioner has said.

Page 24: London has the Gherkin, and now Perth is set to get its own circular residential tower that is sure to become a city landmark.

Business: Britain’s economy appears to have tipped into recession as firms brace for the risk of a disruptive Brexit in a few weeks time, according to a survey that showed the dominant services sector took an unexpectedly sharp downturn last month.

Dacian Gold continued its long road to redemption yesterday after declaring a maiden resource for its Phoenix Ridge discovery at its Mt Morgans project near Laverton.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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