11/11/2019 - 06:44

Morning Headlines

11/11/2019 - 06:44

Bookmark

Save articles for future reference.
Morning Headlines

Go West with subs project

A former deputy chief of the Navy has hit out against the “overwhelmingly political” debate on where to locate future submarine maintenance, saying the project and the associated jobs should be given to WA. The West

WA live exports to halve under vessel ban

Half the ships servicing WA’s live sheep export trade will be outlawed within seven weeks, unless the Federal Government bows to requests to extend deadline on banning double-tiered vessels. The West

Twiggy targets Facebook

Perth mining magnate Andrew Forrest has slammed Facebook chief executive officer Mark Zuckerberg over fake advertisements, claiming it was “socially reprehensible recalcitrance”. The West

BHP to outline plan to reverse long oil decline

BHP Petroleum president of operations Geraldine Slattery will today reveal her plan to arrest a long decline in the company’s oil production, with the resources giant confident that recent expansions and exploration success can return the division to growth. The Fin

Subbies push watchdog on late payments

The Australian Building and Construction Commission is under pressure from sub-contractors to be more assertive about investigating companies for delayed bill payments and to stop offenders from bidding for infrastructure projects, amid concerns a ‘‘self-reporting’’ scheme is not tough enough. The Fin

First home buyer risk riles banks

Big banks are seeking the flexibility to charge higher interest rates under the Morrison government’s scheme to help first home buyers because of the increased risk of lending to untested borrowers with deposits as little as 5 per cent. The Fin

Shrinking real estate

The size of homes being built in WA is shrinking at a faster rate than anywhere in Australia. The West

Union-busting bill close to passing Senate

Rogue union officials face being drummed out of the construction industry within weeks – the Morrison government is poised to clinch a deal that will enable a crackdown on union militancy when senators return to Canberra on Monday. The Fin

Exporters fear Beijing licence go-slow

Chinese regulators are delaying the approval of new licences to Australian dairy and beef exporters looking to increase sales to China, in the latest sign diplomatic tensions are hurting business with Australia’s biggest trading partner. The Fin

NAB top brass on customer hotline

NAB acting CEO and incoming chairman Phil Chronican and chief customer officer Mike Baird were among the bank’s top-level executives answering calls on its complaints hotline last month, dealing directly with customers as part of the lender’s attempt to improve its image and overhaul its culture. The Aus

 

 

The Australian Financial Review

Page 1: Big banks are seeking the flexibility to charge higher interest rates under the Morrison government’s scheme to help first home buyers because of the increased risk of lending to untested borrowers with deposits as little as 5 per cent.

Page 3: Australia is set to receive another black mark for its lax anti-money laundering laws, putting renewed pressure on the federal government to force real estate agents to report suspicious sales.

Page 4: Rogue union officials face being drummed out of the construction industry within weeks – the Morrison government is poised to clinch a deal that will enable a crackdown on union militancy when senators return to Canberra on Monday.

The Labor Party review into its federal election loss suppressed internal complaints about the Murdoch press because they were seen as political dynamite, senior Labor sources say.

Page 10: Consulting giant EY has been labelled the ‘‘biggest double-dipper’’ of the big four auditing firms by providing both auditing and remuneration services to its clients, raising concerns about a perceived conflict of interest.

Page 11: Chinese regulators are delaying the approval of new licences to Australian dairy and beef exporters looking to increase sales to China, in the latest sign diplomatic tensions are hurting business with Australia’s biggest trading partner.

Page 15: The Australian Building and Construction Commission is under pressure from sub-contractors to be more assertive about investigating companies for delayed bill payments and to stop offenders from bidding for infrastructure projects, amid concerns a ‘‘self-reporting’’ scheme is not tough enough.

Page 17: Coles will source private label groceries from British retailer Sainsbury’s as part of a plan to lift house brand sales to 40 per cent of total sales over the next few years, a move analysts say could boost earnings by 10 per cent.

Page 21: BHP Petroleum president of operations Geraldine Slattery will today reveal her plan to arrest a long decline in the company’s oil production, with the resources giant confident that recent expansions and exploration success can return the division to growth.

 

 

The Australian

Page 3: Online companies are using social media platforms to market and sell injectable cosmetic fillers to Australian teenagers, a Storyful investigation has found.

Page 4: Jim Chalmers has moved to end Bill Shorten’s class-war economic pitch, calling for a new strategy to drive growth and jobs in regional and suburban areas and working with big business to boost the economy.

Page 17: In a harbinger of what could be in store for the resources sector, a NSW miner says it could run out of water by February, after the state government introduced new restrictions in response to the savage drought.

NAB acting CEO and incoming chairman Phil Chronican and chief customer officer Mike Baird were among the bank’s top-level executives answering calls on its complaints hotline last month, dealing directly with customers as part of the lender’s attempt to improve its image and overhaul its culture.

Shares in billionaire-controlled companies smashed the global market average over the past 15 years, returning 17.8 per cent versus the benchmark 9.1 per cent, according to UBS and PricewaterhouseCoopers’ annual progress report on the ultra-wealthy.

Page 19: A controversial overhaul of the power grid, including solar and wind developers paying part of transmission costs, has been savaged by the renewables industry which says it will kill investment and increase costs to big electricity generators at a critical time as ageing coal generators exit the system.

 

 

The West Australian

Page 3: Deputy Premier Roger Cook has opened up about how he used marijuana with friends while studying at university.

Page 4: Fire Commissioner Darren Klemm has warned WA residents to brace for a possible horror bushfire season this summer.

Page 7: A former deputy chief of the Navy has hit out against the “overwhelmingly political” debate on where to locate future submarine maintenance, saying the project and the associated jobs should be given to WA.

Perth mining magnate Andrew Forrest has slammed Facebook chief executive officer Mark Zuckerberg over fake advertisements, claiming it was “socially reprehensible recalcitrance”.

Page 11: Plans for a vertical university in the Perth CBD could soon become a reality after Murdoch University announced it was seeking expressions of interest for the development.

Page 16: For the first time since the May election, the Coalition and Labor have squared up in popular support for government.

Page 21: The size of homes being built in WA is shrinking at a faster rate than anywhere in Australia.

Business: Half the ships servicing WA’s live sheep export trade will be outlawed within seven weeks, unless the Federal Government bows to requests to extend deadline on banning double-tiered vessels.

Stephen Stone has stepped down as the long-serving managing director of Azumah Resources after Ibaera Capital secured control of the aspiring West African gold play.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options