11/10/2019 - 07:03

Morning Headlines

11/10/2019 - 07:03

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Morning Headlines

China still ‘developing’: FMG boss

Iron ore miner Fortescue Metals Group has rejected Prime Minister Scott Morrison’s suggestion that China should be considered a developed nation under international trade rules, saying its biggest customer would still be ‘‘developing’’ for years to come. The Fin

Woodside predicts large-scale hydrogen production by 2030

Woodside Energy expects large-scale hydrogen production will occur around the globe by 2030, with Australia needing to invest heavily to be at the forefront of a sector that has similarities with LNG almost four decades ago. The Fin

CIMIC privatisation plan offers long-term security

Speculation is mounting that the Spanish-controlled majority owners of CIMIC are working on a $1.5bn-plus plan to privatise the Australian services and engineering giant. The Aus

War brews over gold find

A bitter feud has erupted over one of WA’s hottest new gold discoveries with Venus Metals Corporation and Spectrum Metals set to slug it out in the Supreme Court over the Penny West gold find near Sandstone. The West

Equinor to explore for oil, gas near WA’s Dorado discovery

Norwegian energy giant Equinor has joined the hunt in WA’s rich North West Shelf oil and gas region, picking up acreage near Santos’s Dorado discovery and suggesting it may seek to boost its presence on the open market. The Aus

Support slips for state euthanasia bill

Western Australia's proposed voluntary assisted dying law is at increased risk in its current form, with several key members of the state’s upper house flagging concerns about features of the bill. The Aus

Sims accuses big energy

Competition regulator Rod Sims has suggested big electricity companies are deliberately delaying investment in new fast-start gas power stations to defend their own profits, deepening the quarrel between government and the energy industry. The Fin

Joint strategy with US on rare earths

Australia and the US will finalise a joint strategy on rare earths and critical minerals within weeks, as the Morrison government commits to directly back new mines across the nation. The Aus

AMP shake-up fails to arrest share spiral

AMP’s shares hit a record low on Thursday afternoon after a major shake-up of its banking and wealth arms failed to arrest the embattled wealth company’s downward spiral. The Fin

Critics of NAPLAN ‘asking too much’

Australia’s school education boss has defended the NAPLAN student tests against a growing chorus of critics, saying opposition is often based on a misunderstanding of its purpose and akin to panning a rugby forward for “not also being a very good fullback”. The Aus

ATO crackdown will affect you all, Airbnb warns its members

Airbnb has warned its hosts the Australian Taxation Office will seize the personal financial data of hundreds of thousands of sharing economy accommodation providers as part of a crackdown on tax avoidance in the “largely unregulated” industry. The Aus

 

 

The Australian Financial Review

Page 1: Competition regulator Rod Sims has suggested big electricity companies are deliberately delaying investment in new fast-start gas power stations to defend their own profits, deepening the quarrel between government and the energy industry.

Page 3: Investor home loans grew at their fastest pace in almost three years and first home buyers roared into action in August, adding weight to the Reserve Bank of Australia’s view that interest rate cuts are creating a ‘‘gentle turning point’’ in the economy.

Page 6: Some of Australia’s leading energy analysts have criticised industrial gas buyers as rent-seekers, warning that the ‘‘slippery slope of intervention’’ risks exacerbating the country’s energy problems by scaring off investment in new supply.

Page 7: Woodside Energy expects large-scale hydrogen production will occur around the globe by 2030, with Australia needing to invest heavily to be at the forefront of a sector that has similarities with LNG almost four decades ago.

Page 17: AMP’s shares hit a record low on Thursday afternoon after a major shake-up of its banking and wealth arms failed to arrest the embattled wealth company’s downward spiral.

Page 18: Strike Energy, the $430 million South Australia-based oil and gas explorer, is expected to be in front of institutional investors pitching for fresh funds by the end of the year.

Page 19: Former Victorian premier Jeff Kennett and Seven Group Holdings founding chief executive Peter Gammell will quit the Seven West Media board next month.

Page 22: Vocus chief executive Kevin Russell has accused NBN Co of breaking its wholesale-only remit by cutting deals directly with end users.

Engineering outfit Cardno will cut ties with the Adani Carmichael coal mine in Queensland even as it continues to work with other fossil fuel projects.

Page 23: Iron ore miner Fortescue Metals Group has rejected Prime Minister Scott Morrison’s suggestion that China should be considered a developed nation under international trade rules, saying its biggest customer would still be ‘‘developing’’ for years to come.

 

 

The Australian

Page 1: Senior Labor Right MPs are pushing for a widespread overhaul of policies so the party can appeal to aspirational working-class voters and “entrepreneurial migrants”, amid warnings that voters in traditional ALP strongholds were alienated by Bill Shorten’s politics of envy.

Page 2: Australia needs a new body to make case-by-case national security judgments on the increasing volume of research collaboration with China and fill the gaps in the current regulatory system, a new report says.

Australia’s school education boss has defended the NAPLAN student tests against a growing chorus of critics, saying opposition is often based on a misunderstanding of its purpose and akin to panning a rugby forward for “not also being a very good fullback”.

More than half of the businesses accepting quarantined welfare money from the federal government’s cashless debit card are supermarkets and petrol stations.

Page 4: Airbnb has warned its hosts the Australian Taxation Office will seize the personal financial data of hundreds of thousands of sharing economy accommodation providers as part of a crackdown on tax avoidance in the “largely unregulated” industry.

Page 5: Western Australia's proposed voluntary assisted dying law is at increased risk in its current form, with several key members of the state’s upper house flagging concerns about features of the bill.

Page 7: Australia and the US will finalise a joint strategy on rare earths and critical minerals within weeks, as the Morrison government commits to directly back new mines across the nation.

Page 17: Australian banks are quietly cutting interest rates on term deposits and savings accounts — in some cases far deeper than the latest reduction to the Reserve Bank cash rate — pushing the rate paid to retirees and savers further below inflation.

Speculation is mounting that the Spanish-controlled majority owners of CIMIC are working on a $1.5bn-plus plan to privatise the Australian services and engineering giant.

Page 20: Norwegian energy giant Equinor has joined the hunt in WA’s rich North West Shelf oil and gas region, picking up acreage near Santos’s Dorado discovery and suggesting it may seek to boost its presence on the open market.

 

 

The West Australian

Page 7: They may be all the rage on Perth beaches but your G-string bikini won’t be welcome at the State’s biggest water park this summer.

Page 9: A palliative care cash splash on the eve of the resumption of debate on voluntary assisted dying in the Upper House has done little to convince key MPs to support it.

Ken Wyatt has smacked down accusations the Government is “running out of time” on constitutional recognition, declaring that a referendum can be held and won in the next three years with “quiet Australians” backing the cause.

Page 22: The Federal Government wants softer penalties for athletes who are found with traces of “street drugs” in their system under anti-doping rules.

Attraction of private investment into the future of Geraldton’s port was the main message championed by WA Regional Development Minister Alannah MacTiernan while opening the public consultation period for the draft master plan yesterday.

Page 24: New quad bikes sold in Australia will have mandatory roll bars within two years under beefed up safety rules aimed at saving farmers’ lives.

Page 28: Obesity is being linked to more deaths from surgery in WA, with a 260 per cent increase in lives lost over the past 16 years.

Business: A bitter feud has erupted over one of WA’s hottest new gold discoveries with Venus Metals Corporation and Spectrum Metals set to slug it out in the Supreme Court over the Penny West gold find near Sandstone.

BHP is facing an investor revolt after one of its biggest shareholders added to pressure for the world’s leading miner to cut ties with lobby groups at odds with the company’s pledges on climate leadership.

The WA Government has amended the royalty regime for the State’s fast-growing lithium industry, saying the changes provide “a fairer system” and will encourage more downstream processing.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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