15/10/2019 - 06:49

Morning Headlines

15/10/2019 - 06:49

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Morning Headlines

Banks warn on AA rating

Westpac has warned that a political pile-on could result in the loss of its AA credit rating and drive up costs for borrowers, as the federal government plays down expectations of its ACCC inquiry into the residential mortgage market. The Fin

Evolution, OceanaGold bid for vast mine in Canada

Australian companies, including Evolution Mining and OceanaGold, are believed to be in the mix to buy Newmont Goldcorp’s Red Lake gold mine, which is one of the largest in the world. The Aus

Call to modernise remote tax breaks

The Coalition is being urged to modernise remote tax breaks – aimed at compensating people for living in areas with ‘‘uncongenial climates’’ – in an attempt to spur population and economic growth in northern Australia. The Fin

ACCC to investigate high cost of low speed NBN plans

The competition watchdog launched an investigation into whether the national broadband network is failing customers that don’t want or need high speed internet. The Fin

New twist in rent-v-buy debate

A revolutionary model could change the way West Australians live and rent, with a new scheme giving tenants the upper hand. The West

Union push to recruit visa workers

Unions have struck a landmark agreement designed to recruit migrant workers by offering legal advice to visa-dependent workers unwilling to speak out about wage theft and unlawful treatment because of fear of deportation. The Aus

Craft pioneer to oversee Matilda Bay beer revival

Australia’s biggest beer company Carlton & United Breweries has brought in a pioneer of craft beer brewing in Australia to rejuvenate the Matilda Bay brand. The Fin

Phonics checks loom for graduates

Universities will have to ensure their teaching and education courses adequately cover the key role of phonics in helping children read and write as part of accreditation standards to be rolled out as early as next year. The Aus

Farmers take fight to green activists

The peak farm lobby group has launched a counter-attack against animal activists and green extremists in a bid to win back public sentiment and secure support for a massive expansion of the agriculture industry. The Aus

 

 

The Australian Financial Review

Page 1: Westpac has warned that a political pile-on could result in the loss of its AA credit rating and drive up costs for borrowers, as the federal government plays down expectations of its ACCC inquiry into the residential mortgage market.

Page 3: Crummy superannuation funds are right to be uncomfortable about the impending release of performance appraisals that will expose high fees and poor returns, Australian Prudential Regulation Authority deputy chairman Helen Rowell says.

Page 4: The Coalition is being urged to modernise remote tax breaks – aimed at compensating people for living in areas with ‘‘uncongenial climates’’ – in an attempt to spur population and economic growth in northern Australia.

Page 5: The Morrison government is on track to secure the passage of its big stick legislation enabling the forced divestment of energy company assets, with Labor’s shadow cabinet expected to give in-principle support last night.

Page 8: Deliveroo set up the gig economy’s first rider-led panel to advise it on safety concerns following reports of its delivery cyclists getting ‘‘doored’’, running red lights and slipping while riding in wet weather.

Page 11: Syrian President Bashar al-Assad has sent troops to the north-east of the country to halt Turkey’s offensive, after Kurdish fighters turned to Damascus for help.

Page 13: The competition watchdog launched an investigation into whether the national broadband network is failing customers that don’t want or need high speed internet.

Page 15: The clothing industry is facing a long term structural decline as consumers with ‘‘too much stuff’’ cut back on the number of new outfits they buy, even as prices fall.

Page 19: Australia’s biggest beer company Carlton & United Breweries has brought in a pioneer of craft beer brewing in Australia to rejuvenate the Matilda Bay brand.

 

 

The Australian

Page 1: Veteran Labor senator Kim Carr has supported collaboration with Chinese researchers and launched an assault on “cold-war warriors”, “Sinophobes” and “hawks within the defence and security establishments”, as splits emerge inside the ALP over its approach to Australia’s relationship with Beijing.

Page 2: Unions have struck a landmark agreement designed to recruit migrant workers by offering legal advice to visa-dependent workers unwilling to speak out about wage theft and unlawful treatment because of fear of deportation.

Page 3: Universities will have to ensure their teaching and education courses adequately cover the key role of phonics in helping children read and write as part of accreditation standards to be rolled out as early as next year.

Page 5: The peak farm lobby group has launched a counter-attack against animal activists and green extremists in a bid to win back public sentiment and secure support for a massive expansion of the agriculture industry.

Page 6: The corporate watchdog will target Australia’s biggest banks and financial services groups that are deliberately burying consumers in a confusing and complex “sludge” of information that risks shunting them into poor products.

Page 7: The Morrison government has no intention of lifting the rate of Newstart above inflation, will not intervene to assist Australian WikiLeaks founder Julian Assange and is ramping up its attack on both the banks and energy companies.

Page 17: British buyout king and founder of one of the largest private equity groups in Europe, Guy Hands, will emerge with a cornerstone stake in the nation’s biggest private cattle company under a surprise management buyout of the Consolidated Pastoral Company worth more than $600m.

Page 18: Australian companies, including Evolution Mining and OceanaGold, are believed to be in the mix to buy Newmont Goldcorp’s Red Lake gold mine, which is one of the largest in the world.

Page 20: Australian business needs to take China’s Belt and Road infrastructure initiative seriously at it could provide new opportunities for agriculture and technical services, says Elders chief Mark Allison.

 

 

The West Australian

Page 3: Men in WA feel under more pressure to behave in a traditionally masculine way than those elsewhere in Australia, a new survey has found.

Aussie skipper Tim Paine says he hopes Steve Smith does captain Australia again one day, and he might just be there behind the microphone to call the moment.

Page 4: Premier Mark McGowan has pushed back at a new campaign against assisted dying laws spearheaded by former Federal Labor MP Tim Hammond, saying opponents of the Bill should stick to the facts.

Page 5: Premier Mark McGowan says a secretive Upper House committee needs to be up-front about the amount taxpayers will have to pay in lawyers’ fees as it continues its extraordinary battle with the Corruption and Crime Commission.

Page 11: A seven-year battle to stop a Dan Murphy’s store being built at the Como Hotel site has been lost.

Page 16: Australia’s big four banks have welcomed the Australian Competition and Consumer Commission inquiry seeking to unveil why they did not pass on full interest-rate cuts to customers.

Page 18: A revolutionary model could change the way West Australians live and rent, with a new scheme giving tenants the upper hand.

Business: Chocolate makers are facing an ultimatum — either support a contentious plan to raise the pay of impoverished farmers, or risk a halt to programs that sustainability conscious consumers increasingly demand.

WA’s biggest pig abattoir is investigating new multimillion-dollar truck wash technology in a bid to contain the spread of African swine fever if it reaches Australian shores.

Suspended debt management group Pioneer Credit has won further relief from its bankers as it negotiates with new investors.

Australia’s newest retail landlord has surged on debut, two years after it bought the remnants of Woolworths’ ill-fated foray into hardware.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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