18/11/2019 - 06:54

Morning Headlines

18/11/2019 - 06:54

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Morning Headlines

Woodside: LNG fields will help cut emissions

Developing the huge Scarborough and Browse LNG projects in Western Australia would avert more than 400 million tonnes of carbon dioxide emissions over the life of the fields, Woodside Petroleum has calculated as it seeks to defuse pressure over the climate impact of its biggest growth pillars. The Fin

Saracen goes for gold with $1bn swoop on Super Pit half-stake

A half-share of Kalgoorlie’s iconic Super Pit gold mine is set to be sold to Saracen Minerals for $1bn-plus with the mid-tier miner tipped to launch a $600m-plus equity raising to fund the deal. The Aus

Public servant facing fraud case in hospital

The bureaucrat accused of WA’s biggest-ever public sector corruption scandal was yesterday rushed to hospital from his Mosman Park mansion in a medical emergency that required attention from paramedics, firefighters and police. The West

Woman tops CEO pay ranks for first time

A woman has topped the ranks of CEO pay for the first time, with Macquarie CEO Shemara Wikramanayake Australia’s highest paid chief executive after receiving more than $18 million. The Fin

China rejects food safety ‘scheming’

China has denied it is manipulating food safety regulations to discriminate against foreign companies after the Australian government’s approval of a $1.5 billion takeover of Bellamy’s resurrected allegations Beijing had stalled on the company’s licensing approvals. The Fin

Little interest in trade skills despite the pent-up demand for workers

Just 13 per cent of school leavers are interested in construction-sector jobs, despite projections the infrastructure boom will push up demand for skilled workers by more than 10 per cent in the next three years. The Fin

Diesel tax hike will send us broke: truckies

A massive hike in trucking taxes, being secretly considered by state and federal transport ministers, could send firms broke and increase the cost of groceries and other goods, the industry warns. The Aus

Fintechs slam CBA alerts as ‘misleading’

Commonwealth Bank has been accused of "at worst" abusing its market power after warning customers using fintech wealth products their money is at risk because of security concerns. The Fin

Canavan calls for shale revolution

Resources Minister Matt Canavan has used a visit to the Permian Basin in Texas to call for America’s shale gas revolution to be brought to Australia, arguing there is an opportunity to deliver a manufacturing boom for Darwin and northern Australia. The Aus

ICWA accelerates Bell case spending

The spending of taxpayer money to wrap up the $1.8 billion row over Alan Bond’s failed Bell Group has escalated as settlement negotiations continue. The West

 

 

The Australian Financial Review

Page 3: A woman has topped the ranks of CEO pay for the first time, with Macquarie CEO Shemara Wikramanayake Australia’s highest paid chief executive after receiving more than $18 million.

Page 4: China has denied it is manipulating food safety regulations to discriminate against foreign companies after the Australian government’s approval of a $1.5 billion takeover of Bellamy’s resurrected allegations Beijing had stalled on the company’s licensing approvals.

Page 6: A $25 billion dollar investment boom in renewable energy projects has pushed up wages for renewable jobs, bucking the low wage growth trend in the rest of the private sector.

Page 8: The Victorian head of the Transport Workers Union is among the highest paid union leaders in the country as a result of extraordinary superannuation rates, placing his earnings above state MPs, new documents reveal.

Page 10: A landmark decision that requires litigation funders to pay costs in class actions for underpayments could drive up funder returns by millions of dollars and reduce workers’ share of their entitlements.

Page 12: People’s Liberation Army soldiers stationed in Hong Kong have appeared on the city’s streets for the first time since protests broke out more than five months ago to help clear roads blocked by anti-government demonstrators.

Page 14: Australia appears to have given up on building a sizeable cohort of Australian-born Mandarin speakers and the lack of expertise will hurt Canberra’s bilateral links with Beijing, say senior Chinese language and politics academics.

Just 13 per cent of school leavers are interested in construction-sector jobs, despite projections the infrastructure boom will push up demand for skilled workers by more than 10 per cent in the next three years.

Page 15: Commonwealth Bank has been accused of "at worst" abusing its market power after warning customers using fintech wealth products their money is at risk because of security concerns.

Page 16: ASX-listed gold miner Saracen Minerals is expected to pitch an equity raising worth about $700 million to investors as early as today.

Page 21: Fund managers have ramped up their criticism of the regulator’s proposal to attach new conditions to banker pay, with one saying the proposal has the potential to damage the economy.

Page 22: The listed sports betting sector has spent more than half a billion dollars on marketing since gambling ads on daytime and primetime television were banned in 2015.

Page 23: Developing the huge Scarborough and Browse LNG projects in Western Australia would avert more than 400 million tonnes of carbon dioxide emissions over the life of the fields, Woodside Petroleum has calculated as it seeks to defuse pressure over the climate impact of its biggest growth pillars.

BHP’s next chief executive, Mike Henry, will travel to the company’s iron ore heartland today, making Western Australia the first stop on his six-week listening tour.

 

 

The Australian

Page 1: Australia’s human rights partnership with China has been suspended amid growing concern over the mass detention of Uighurs, Hong Kong democracy protests and the banning of two Australian MPs.

Page 2: Farmers face potential ruin as insurers spooked by climate change, drought and bushfires refuse to cover crops worth billions of dollars.

Page 5: A massive hike in trucking taxes, being secretly considered by state and federal transport ministers, could send firms broke and increase the cost of groceries and other goods, the industry warns.

Page 17: A half-share of Kalgoorlie’s iconic Super Pit gold mine is set to be sold to Saracen Minerals for $1bn-plus with the mid-tier miner tipped to launch a $600m-plus equity raising to fund the deal.

Resources Minister Matt Canavan has used a visit to the Permian Basin in Texas to call for America’s shale gas revolution to be brought to Australia, arguing there is an opportunity to deliver a manufacturing boom for Darwin and northern Australia.

Page 23: Senior ABC employees are planning to form an “ABC-Staff climate crisis advisory group” in a bid to report on climate change using “solutions journalism” in a move that could breach current ABC editorial guidelines and spark a feud with management.

Triple J host Tom Tilley has called time on the ABC and will head over to Network Ten’s The Project in a new reporting and hosting role.

 

 

The West Australian

Page 3: Perth’s embattled CBD is expected to benefit from an unprecedented number of cops on the beat this summer but the police union has warned the committent to extra overtime shifts will only put more pressure on officers already “feeling the pinch”.

Page 4: The senior public servant accused of rorting up to $25 million in taxpayer money quizzed a long-running Aboriginal housing corporation over its viability and cash flow just weeks before his alleged corruption came to light.

The bureaucrat accused of WA’s biggest-ever public sector corruption scandal was yesterday rushed to hospital from his Mosman Park mansion in a medical emergency that required attention from paramedics, firefighters and police.

Page 14: Josh Frydenberg has left the door open to further tax cuts as he says the drought and global economy are denting confidence in the Australian economy.

Page 16: Tax accountants, automation and artificial intelligence engineers and cyber-security experts head the list of professions that can expect double-digit wage growth in WA next year.

Page 20: Frugal Australians will be re-gifting presents and avoiding Christmas parties to limit their spending this festive season.

Business: The spending of taxpayer money to wrap up the $1.8 billion row over Alan Bond’s failed Bell Group has escalated as settlement negotiations continue.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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