28/11/2019 - 06:52

Morning Headlines

28/11/2019 - 06:52

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Morning Headlines

Chevron won’t be rushed on Browse gas

Chevron Australia head Al Williams has refused to be tied to any deadline for an agreement on processing gas from the large Woodside-run Browse field at the North West Shelf venture’s LNG plant. The Fin

Energy key to low-cost ore

Fortescue Metals Group chief executive Elizabeth Gaines says innovations in energy are likely to continue driving the miner’s reputation as one of the world’s lowest-cost iron ore producers. The West

Forrest wants tech giants to be accountable for ads

Mining magnate Andrew Forrest is urging the Morrison government to treat Facebook and other technology companies as publishers and make them more accountable for fraudulent advertising on their platforms. The Fin

Westpac papers reveal trail of human, IT failure

Westpac failed to alert the anti-money laundering agency about 29 million international transactions – made with some of the pillars of the global financial system – for 15 months after the problem was first discovered. The Fin

BHP to mine start-ups for innovative assets

BHP’s incoming chief executive Mike Henry says he is determined to forge more effective partnerships with companies in the mining equipment, technology and services sector as he seeks to raise business performance by better tapping into innovation. The Fin

Bold ideas for a new era

Child care should be free for all Australian families and more closely integrated into the schooling system, according to Perth MP Patrick Gorman. The West

Temporary migrant visas for 2.2 million

Labor has called for an urgent examination of the temporary visa regime following new analysis that reveals the number of migrants on the visas has jumped from 1.8 million to 2.2 million in the past four years. The Aus

Palmer locks in HQ for expansion west

Billionaire Queensland businessman Clive Palmer has continued his aggressive real estate acquisition spree and is expanding further into Western Australia, leasing corporate headquarters in an office tower controlled by John Bond, son of the late entrepreneur Alan Bond. The Aus

Data study is key to LNG offshore success

Shell Australia chief Zoe Yujnovich has told the Resources Technology Showcase how the energy giant is harnessing data science to improve offshore safety by better understanding the seas around the $US15 billion ($22 billion) Prelude floating LNG project off northern WA. The West

Tracker is a game changer

Rio Tinto’s head of group technical mining, Santi Pal, says the resources giant is close to realising a dream of having every step of its value chain connected and optimised in real time. The West

 

 

The Australian Financial Review

Page 1: Westpac failed to alert the anti-money laundering agency about 29 million international transactions – made with some of the pillars of the global financial system – for 15 months after the problem was first discovered.

Page 3: Scott Morrison has been accused of inappropriately using the office of Prime Minister after he personally rang the NSW Police Commissioner seeking details of an investigation into Energy Minister Angus Taylor.

Page 4: One of the country’s most influential investors, UniSuper’s John Pearce, says Westpac’s board has suffered enough bloodletting and distanced the fund from its industry body after it called for more directors to be ousted at the bank’s annual meeting next month.

Page 5: Westpac and investment banks will be investigated by the securities regulator over whether they adequately informed investors of alleged money laundering violations before selling more than $2 billion of shares.

Page 7: Mining magnate Andrew Forrest is urging the Morrison government to treat Facebook and other technology companies as publishers and make them more accountable for fraudulent advertising on their platforms.

Page 7: Key crossbencher Jacqui Lambie has promised to support the repeal of the so-called medevac laws, provided the government agrees to a mysterious demand related to national security.

Page 8: Australia’s aluminium smelters will struggle to help stabilise the power grid if there are significant blackouts over another long, hot summer, the industry has warned.

Page 13: A defiant Gerry Harvey says he won’t be told how to run his company and won’t make any changes to the board despite a strong protest vote by retail and institutional shareholders over the company’s corporate governance.

Caltex Australia’s sole remaining refinery shapes as a potential stumbling block for the fuel and convenience retailer’s Canadian suitor, Alimentation Couche-Tard, amid already heightened worries about security of liquid fuels supply in Australia.

Page 15: Telstra will transfer all its mobile infrastructure into the structurally distinct infrastructure arm, InfraCo, in the biggest shake-up of the business in a year and a half.

Page 16: BHP’s incoming chief executive Mike Henry says he is determined to forge more effective partnerships with companies in the mining equipment, technology and services sector as he seeks to raise business performance by better tapping into innovation.

Page 17: Chevron Australia head Al Williams has refused to be tied to any deadline for an agreement on processing gas from the large Woodside-run Browse field at the North West Shelf venture’s LNG plant.

 

 

The Australian

Page 1: One of Australia’s most powerful clan leaders, Galarrwuy Yunupingu, is seeking what could be $700m in compensation from the commonwealth over the Gove mine in the Northern Territory, which began extracting bauxite from his people’s traditional lands in 1969.

Page 2: Attorney-General Christian Porter has rejected demands by Senate crossbencher Jacqui Lambie for significant eleventh-hour changes to the Ensuring Integrity Bill, as the government banks on the support of One Nation to get the proposed union-restricting laws passed by the Senate.

Labor has called for an urgent examination of the temporary visa regime following new analysis that reveals the number of migrants on the visas has jumped from 1.8 million to 2.2 million in the past four years.

Page 3: Australian researchers have developed new camera technology that can detect heart rhythm defects by scanning patients’ faces in a GP waiting room.

Page 5: Embattled Rugby Australia boss Raelene Castle has rejected any suggestion the code is in crisis, insisting she will remain at the helm for at least the next four years as she completes a strategic overhaul.

Page 6: Chinese bank Minsheng is moving to finance a bid for an Australian oil carrier that operates in the Timor Sea, prompting warnings Beijing could increase its influence on the nation’s doorstep.

The Morrison government has refused to provide details of the terms of a $442m loan to PNG amid calls from the aid sector for more transparency over the deal.

Page 17: The Australian sharemarket surged to a record high, government bond yields dived to multi-month lows, and the dollar tumbled after RBA governor Philip Lowe gave investors what was interpreted as a roadmap for unconventional monetary policy including quantitative easing.
Page 19: Woolworths chief executive Brad Banducci is the latest high profile chief executive to give up his short-term bonus in the wake of a scandal.

Page 23: Billionaire Queensland businessman Clive Palmer has continued his aggressive real estate acquisition spree and is expanding further into Western Australia, leasing corporate headquarters in an office tower controlled by John Bond, son of the late entrepreneur Alan Bond.

 

 

The West Australian

Page 3: West Australians are staying married longer and getting divorced less often than they were 20 years ago.

The number of new homes being built per capita in WA is at a 30-year low but the construction downturn is expected to improve next year.

Page 8: Child care should be free for all Australian families and more closely integrated into the schooling system, according to Perth MP Patrick Gorman.

Page 9: Taxpayers could be on the hook for hundreds of millions of dollars with construction giant John Holland taking the State Government to court over the trouble-plagued building of Perth Children’s Hospital.

Page 11: One in six West Australians is unemployed or underemployed, with the State notching up the fastest growing rate of underemployment in the country.

Page 18: Principals will lobby the Education Department to ditch a new public school performance rating system because they say it leaves them open to the interpretation they are failing.

RTS 2019: WA’s leading position in developing innovative technology for the global resources industry was on display at the Resources Technology Showcase yesterday, which heard from the most powerful names in Australian mining and energy.

Fortescue Metals Group chief executive Elizabeth Gaines says innovations in energy are likely to continue driving the miner’s reputation as one of the world’s lowest-cost iron ore producers.

WA has the chance to cement a place as the world epicentre of resources technology and innovation, according to BHP chief executive-elect Mike Henry.

Woodside’s chief technology officer believes robots with comparable human dexterity skills are still five to 10 years away.

Shell Australia chief Zoe Yujnovich has told the Resources Technology Showcase how the energy giant is harnessing data science to improve offshore safety by better understanding the seas around the $US15 billion ($22 billion) Prelude floating LNG project off northern WA.

Rio Tinto’s head of group technical mining, Santi Pal, says the resources giant is close to realising a dream of having every step of its value chain connected and optimised in real time.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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