31/10/2019 - 06:55

Morning Headlines

31/10/2019 - 06:55

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Morning Headlines

Payroll change equals pay day

Almost 12,000 WA businesses will receive a new year payroll tax cut in a move Premier Mark McGowan says will encourage employers to create new jobs. The West

Ramelius has the readies

Mid-tier gold miner Ramelius Resources has hinted it could be on the lookout for new assets after revealing it had executed a $35 million syndicated facility agreement. The West

Australia’s new god of tourism ascends

To launch its new $38 million international tourism campaign in Sydney yesterday, Tourism Australia flew in London-based author Kathy Lette, wildlife warrior Terry Irwin from Australia Zoo in Queensland, headline local chef Kylie Kwong and Tourism Australia’s biggest gun, actor Chris Hemsworth, who arrived fresh off an early morning flight out of Byron Bay where his controversial $20 million mega-mansion is nearing completion. The Fin

Ritz-Carlton in stylish return with hotel 100

After an absence of nearly two decades, venerable international hotel brand The Ritz-Carlton is poised to return to Australia with the opening of its 100th international hotel. The Aus

CPI cools further rate cut chances

The likelihood of further interest rate cuts by the Reserve Bank of Australia this year has evaporated after inflation ticked up in the September quarter to 1.7 per cent annual growth. The Fin

Hidden cost of mental illness

One million Australians with mental health conditions ranging from anxiety and depression to psychosis and borderline personality disorders are going untreated each year, while the economic cost of mental illness has hit $180bn. The Aus

Slump in women directors

Investment banks and private equity firms are being targeted in a new push that seeks to stem falling female board representation by ensuring companies are floated with women directors. The West

David Jones chalks up $1.3bn losses

Latest accounts lodged with the corporate regulator reveal the losses rung up by David Jones in the last few years, with the department store chain lurching to a near $500m full-year loss in 2019 after costly impairments and writedowns triggered by the poor retail trading environment. The Aus

Anglo set to expand footprint

Anglo American is firmly back in the exploration game in Australia as the global mining major puts its debt troubles behind it and looks to expand its footprint outside of metallurgical coal in Australia. The Aus

Lew’s Myer revolt fizzles as the retailers battle on

Myer has avoided a third strike against its executive pay arrangements but investors, led by disgruntled shareholder Solomon Lew, have delivered a major protest vote. The West

 

 

The Australian Financial Review

Page 1: The likelihood of further interest rate cuts by the Reserve Bank of Australia this year has evaporated after inflation ticked up in the September quarter to 1.7 per cent annual growth.

Page 3: To launch its new $38 million international tourism campaign in Sydney yesterday, Tourism Australia flew in London-based author Kathy Lette, wildlife warrior Terry Irwin from Australia Zoo in Queensland, headline local chef Kylie Kwong – and Tourism Australia’s biggest gun, actor Chris Hemsworth, who arrived fresh off an early-morning flight out of Byron Bay, where his controversial $20 million mega-mansion is nearing completion.

The Federal Court has ruled the controversial backpacker tax cannot be applied to citizens of eight countries, describing the measure as ‘‘a disguised form of discrimination’’.

Page 5: Labor frontbencher Clare O’Neil says the traditional left-right division in politics is defunct, the model of an open economy is broken, and her party must wind back the political correctness that has alienated its base.

Page 8: Woolworths chief executive Brad Banducci will pay the price for a $300 million wage underpayments scandal, as a shocked regulator has promised to take a strong stance against the retail giant.

Page 10: The ACCC’s world-first court case against Google claims the internet giant did not adequately alert Android users that they had to switch off not one, but two, settings on their phones to block Google from tracking their location.

Page 12: Resources Minister Matt Canavan has given a lukewarm response to an industry push for carbon capture and storage (CCS) projects to be eligible for tradeable carbon credits, suggesting the credits would not be enough to make projects viable.

Page 17: Ambassador Joe Hockey has cautioned Australians and Americans against taking their ‘‘relationship for granted’’ in a world seemingly sliding away from democracy, while also urging the United States to address its worsening inequality.

Page 19: AGL Energy chief executive Brett Redman signalled a move into transport fuels and wouldn’t rule out a re-entry into gas production as the utility adapts to the rapidly evolving energy market and the entry of oil majors.

Page 21: Antony Catalano has made a move to take a major shareholding in Prime Media as a potential roadblock to the regional broadcaster’s merger with Seven West Media.

 

 

The Australian

Page 1: One million Australians with mental health conditions ranging from anxiety and depression to psychosis and borderline personality disorders are going untreated each year, while the economic cost of mental illness has hit $180bn.

Page 4: If the National Farmers Federation manages to create a market in which capitalists pay agriculturalists to look after the environment, one of the first beneficiaries could be cotton grower Andrew Watson.

Page 17: Chief executives have hit back at the Reserve Bank’s call to lower hurdle rates for investments, saying pressure should applied to banks and shareholders to back investment projects.

Page 19: Latest accounts lodged with the corporate regulator reveal the losses rung up by David Jones in the last few years, with the department store chain lurching to a near $500m full-year loss in 2019 after costly impairments and writedowns triggered by the poor retail trading environment.

Page 20: Anglo American is firmly back in the exploration game in Australia as the global mining major puts its debt troubles behind it and looks to expand its footprint outside of metallurgical coal in Australia.

Page 23: After an absence of nearly two decades, venerable international hotel brand The Ritz-Carlton is poised to return to Australia with the opening of its 100th international hotel.

 

 

The West Australian

Page 3: The children of women who take paracetamol during pregnancy are more likely to develop autism spectrum disorder and attention deficit hyperactivity disorder, new research reveals.

Page 4: Almost 12,000 WA businesses will receive a new year payroll tax cut in a move Premier Mark McGowan says will encourage employers to create new jobs.

Page 8: Employment Minister Michaelia Cash says getting more young people into jobs is one of the Federal Government’s highest priorities and has vowed to focus on WA as she prepares to host the largest ever jobs fair in the State today.

Page 22: The teachers union has warned a blanket mobile ban in public schools will be difficult for its members to enforce.

Model and entrepreneur Megan Gale is the latest celebrity to opt out of the Melbourne Cup carnival on the back of the shocking revelations of cruelty to former racehorses in Queensland and NSW.

Business: Investment banks and private equity firms are being targeted in a new push that seeks to stem falling female board representation by ensuring companies are floated with women directors.

Shoppers, not travellers or parking fees, are behind a profit leap by Perth Airport amid a development boom that is fast changing the Belmont aviation precinct.

Myer has avoided a third strike against its executive pay arrangements but investors, led by disgruntled shareholder Solomon Lew, have delivered a major protest vote.

WAFarmers chief executive Trevor Whittington believes new penalties under proposed industrial manslaughter legislation are in line with those aimed at serial killers and terrorists.

Mid-tier gold miner Ramelius Resources has hinted it could be on the lookout for new assets after revealing it had executed a $35 million syndicated facility agreement.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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