17/10/2019 - 06:48

Morning Headlines

17/10/2019 - 06:48

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Revive our real estate

Major property industry players met senior McGowan Government ministers yesterday to plead their case for a sweeping stimulus package aimed at breathing life into the WA’s stagnant housing market. The West

Kimberley station’s new lease on life

Eco Pastoral Company is to sublease the Gibb River station in the north Kimberley, three years after the Aboriginal corporation-owned property collapsed into administration. The West

Rio on track for world iron ore crown

Rio Tinto’s flagship iron ore division has completed its major maintenance campaign, giving it a clear run at beating its full-year export target and putting it on track to be the world’s leading iron ore exporter in 2019. The Fin

Surplus vital to cushion global risks

The Morrison government has warned that blowing all or some of the forecast surplus to stimulate growth would be a panicked move that could leave the economy exposed should the international situation worsen. The Fin

Another Lib breaks ranks

Contentious voluntary assisted dying laws have received another major boost with the revelation Liberal MP Jim Chown will support the Bill. The West

Bank boss hits out on rates

Commonwealth Bank chief Matt Comyn has hit back at suggestions banks slug existing mortgage customers with a “loyalty tax”, arguing it is simplistic to say all borrowers could pay the same rate. The West

CEOs say ‘big stick’ unlikely to be deployed

Origin Energy’s Frank Calabria, chief executive of one of the companies targeted by the Morrison government’s ‘‘big stick’’ legislation, hit back at the bill, saying he has ‘‘major’’ concerns that it will result in worse rather than better outcomes for customers. The Fin

Afterpay share price to halve by 2020: UBS

Investment bank UBS predicts buy now, pay later juggernaut Afterpay’s share price will halve within a year thanks to looming regulatory risks. The Fin

ABC goes begging as it pays execs 70pc more

ABC’s board and executives were paid almost 70 per cent more over the past year, at the same time as the public broadcaster was forced to cut resources to journalism and programming.

Google devices set to listen in a little closer

Google has revealed plans to add more listening devices to Australian homes, pockets and ears inside a suite of new gadgets arriving within weeks. The West

 

 

The Australian Financial Review

Page 1: The Morrison government has warned that blowing all or some of the forecast surplus to stimulate growth would be a panicked move that could leave the economy exposed should the international situation worsen.

Page 2: A Federal Court judge has slammed a $75 million fine agreed by the consumer regulator and Volkswagen, suggesting it was insufficient given the ‘‘scale, impact and deliberateness’’ of the company’s misconduct.

Page 4: Treasurer Josh Frydenberg says China’s dependency on Australian imports will help maintain a peaceful trade balance with the superpower despite recent tensions.

Page 5: Origin Energy’s Frank Calabria, chief executive of one of the companies targeted by the Morrison government’s ‘‘big stick’’ legislation, hit back at the bill, saying he has ‘‘major’’ concerns that it will result in worse rather than better outcomes for customers.

Page 6: The construction downturn will bottom out by mid-next year and there could be a shortage of apartments by 2020, Commonwealth Bank has forecast.

Page 8: Former Labor senator and union leader Doug Cameron backed a potential merger of the Australian Workers’ Union and the Australian Manufacturing Workers’ Union, saying their ideological opposition shouldn’t matter.

Page 9: Hong Kong’s embattled chief executive Carrie Lam was forced to retreat yesterday from the city’s parliament and deliver her annual policy address on television after being shouted down by pro-democracy politicians.

Page 12: Investment bank UBS predicts buy now, pay later juggernaut Afterpay’s share price will halve within a year thanks to looming regulatory risks.

A row has erupted over whether or not Telstra is to blame for sabotaging the construction of the national broadband network, re-opening a 14-year-old debate that shows no sign of resolving itself.

Page 15: Embattled retailer The Reject Shop says it’s on the road to recovery, delivering the best first-quarter trading in three years, after going back to its roots and selling discounted essentials such as groceries and pet food.

Page 18: Rio Tinto’s flagship iron ore division has completed its major maintenance campaign, giving it a clear run at beating its full-year export target and putting it on track to be the world’s leading iron ore exporter in 2019.

 

 

The Australian

Page 1: Scott Morrison is staring down increasing pressure from business leaders to take action to boost economic growth, in the face of a “synchronised’’ global slowdown that is sapping confidence despite repeated cuts in official interest rates.

Page 3: ABC’s board and executives were paid almost 70 per cent more over the past year, at the same time as the public broadcaster was forced to cut resources to journalism and programming.

Page 6: More than 1200 bureaucrats lodged complaints demanding reviews after missing out on promotion and over concerns with workplace disputes at the same time as the Australian Public Service Commission implemented new directions requiring “effective performance” from all employees.

Page 8: Aged-care workers are routinely hit, groped and abused, and all for wages often less than they could make at the Aldi checkout, the aged-care royal commission has heard.

Page 17: Design software maker Canva has soared to a $US3.2bn ($4.75bn) valuation, cementing its position as Australia's most valuable tech “unicorn” as the start-up darling continues to move towards a likely IPO.

Page 19: On the eve of Qantas’s first Project Sunrise non-stop, long-haul test flight in a Boeing 787-9, Airbus has revealed it put its A350-1000 up for the contract.

 

 

The West Australian

Page 3: Contentious voluntary assisted dying laws have received another major boost with the revelation Liberal MP Jim Chown will support the Bill.

Page 7: Major property industry players met senior McGowan Government ministers yesterday to plead their case for a sweeping stimulus package aimed at breathing life into the WA’s stagnant housing market.

Page 8: The body in charge of national literacy and numeracy testing has given itself a pass mark for delivering NAPLAN this year despite problems that plagued the move to online testing.

Page 9: The Federal Government is promising to slash “red tape” surrounding native title agreements that allow Aboriginal groups to sign multi-million dollar compensation deals with mining giants and government for land use.

Christian Porter has slammed left-wing activist group GetUp! saying it is simply a front for the Labor Party and should issue an apology to those MPs it viciously attacked during the Federal election campaign.

Page 11: More than 60 per cent of WA workers are fearful robots will take their jobs, according to a new poll.

Business: Commonwealth Bank chief Matt Comyn has hit back at suggestions banks slug existing mortgage customers with a “loyalty tax”, arguing it is simplistic to say all borrowers could pay the same rate.

Google has revealed plans to add more listening devices to Australian homes, pockets and ears inside a suite of new gadgets arriving within weeks.

Eco Pastoral Company is to sublease the Gibb River station in the north Kimberley, three years after the Aboriginal corporation-owned property collapsed into administration.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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