05/12/2019 - 06:41

Morning Headlines

05/12/2019 - 06:41

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Morning Headlines

A trifecta in running for TAB

The battle to buy WA’s lucrative TAB has intensified to a shortlist of three of Australia’s biggest wagering companies and with an expected sale price of up to $300 million. The West

Mining investment call

The business community has been called on to kickstart investment plans to boost the economy as a fall in mining spending weighs on growth figures. The West

FYI gets site for alumina operations

FYI Resources has secured a site for its high-purity alumina plant in the Kwinana industrial estate as the area builds on its claim to be a future battery minerals processing hub. The West

Rio Tinto and BHP top corporate giving list

Rio Tinto and BHP have topped the list of Australia’s biggest corporate givers this year, with the business sector contributing more than $4 billion as companies push to demonstrate their broader value to the community. The Fin

Childcare holiday pay victory

WA parents will get a reprieve with the country’s biggest provider of childcare services announcing it would no longer charge fees on public holidays. The West

Egg code-of-conduct call

Agriculture Minister Alannah MacTiernan has called for a code of conduct between supermarkets and embattled egg producers, whose livelihoods are under threat because retailers are paying low prices while feed costs jump. The West

Economy remains in slow lane

Business is pushing the Morrison government to reverse Australia’s productivity slump, despite a slight uptick in economic growth that has eased pressure for further fiscal stimulus in this month’s mid-year budget update. The Fin

NBN wasting public funding: TPG boss Teoh

TPG boss David Teoh has voiced concerns about NBN Co’s pursuit of business customers, joining the chief executives of Telstra and Vocus in labelling it a waste of taxpayer funds. The Aus

Banks braced for RBNZ’s capital D-Day

The Reserve Bank of New Zealand is expected to hold its ground against critics of its capital proposals and announce today it will ramp up the equity that Australian banks must hold in New Zealand to near the highest level in the world, squeezing dividends paid in Australia. The Fin

Business tells schools: lift your game

Business leaders have demanded the nation’s educators “lift their game” to arrest Australia’s dramatic slide in global rankings, amid warnings productivity is suffering because school leavers are entering the workforce without basic skills. The Aus

 

 

The Australian Financial Review

Page 1: Business is pushing the Morrison government to reverse Australia’s productivity slump, despite a slight uptick in economic growth that has eased pressure for further fiscal stimulus in this month’s mid-year budget update.

Page 3: Rio Tinto and BHP have topped the list of Australia’s biggest corporate givers this year, with the business sector contributing more than $4 billion as companies push to demonstrate their broader value to the community.

Page 4: Fresh from enabling the government to repeal the medevac bill for asylum seekers, crossbench senator Jacqui Lambie has indicated she is open to doing a deal to pass the government’s union-busting Ensuring Integrity Bill.

Page 6: Households have increased their savings at the fastest rate since the cash hoarding during the 2008 global financial crisis, as consumers keep most of the Morrison government’s tax rebates for low-to-middle income earners for themselves.

Page 8: New vehicle sales in Australia tumbled by 9.8 per cent in November compared with the same month a year ago, with a rebound in house prices failing to arrest a decline that has now extended for 20 months in a row.

Page 9: Australia is heading for a major shortage of general practitioners in the next decade, sparking calls for reforms on restrictions of overseas-trained doctors, a new study shows.

Page 13: The Reserve Bank of New Zealand is expected to hold its ground against critics of its capital proposals and announce today it will ramp up the equity that Australian banks must hold in New Zealand to near the highest level in the world, squeezing dividends paid in Australia.

Page 15: Blood products company CSL is pushing ahead with its research into gene therapy, recruiting participants for its first clinical study, which is focused on developing a treatment for people with sickle cell anaemia.

Page 16: TPG Telecom’s chief lawyer says the firm’s executives spoke ‘‘truthfully’’ in Federal Court hearings in September, arguing critical media reports didn’t tell the whole story.

 

 

The Australian

Page 4: Josh Frydenberg has seized on a small rise in economic growth as evidence the government’s strategy is on track, but faces the challenge of sluggish consumer spending and a fall in business investment ahead of the mid-year economic statement.

Page 5: Pauline Hanson has doubled down on her criticism of the government’s Ensuring Integrity Bill, declaring she won’t back the proposed laws until the Coalition tackles white-collar crime, ensures multinationals pay more tax and addresses the “selling out of our land to foreign ownership”.

Page 6: One in three Australian mathematics classes are taught by an out-of-field teacher and it would take at least a decade to plug the talent shortfall, experts have warned as they call for urgent action over Australia’s declining academic performance.

Business leaders have demanded the nation’s educators “lift their game” to arrest Australia’s dramatic slide in global rankings, amid warnings productivity is suffering because school leavers are entering the workforce without basic skills.

Page 17: TPG boss David Teoh has voiced concerns about NBN Co’s pursuit of business customers, joining the chief executives of Telstra and Vocus in labelling it a waste of taxpayer funds.

Shares in bedding retailer Adairs rallied more than 20 per cent on Wednesday after it agreed to buy pure-play online retailer Mocka for $NZ80m ($76m) to give it greater access to other home furnishing categories as well as strengthen its online capabilities.

Page 20: Glencore chief executive Ivan Glasenberg could call time on his 35 years with the mining and trading giant earlier than expected, but will go out defending the company’s coal business in the face of rising criticism of companies involved in the commodity.

 

 

The West Australian

Page 3: WA parents will get a reprieve with the country’s biggest provider of childcare services announcing it would no longer charge fees on public holidays.

Page 5: A team of WA researchers will lead an international clinical trial of a new drug that could increase cure rates for one of the most aggressive forms of childhood brain cancer.

Page 8: The vast majority of West Australians would vote yes to recognising First Nations people in the Constitution, according to new polling which also shows few are aware of the Federal Government's plan to hold a referendum within the next three years.

Page 10: Rio Tinto is investigating how an autonomous haul truck caught fire at its Yandicoogina iron ore mine near Newman on Tuesday.

Page 11: He is accused of swindling up to $25 million from WA taxpayers and it has now emerged former top public servant Paul Whyte owes his local council tens of thousands of dollars in unpaid rates.

Page 16: Local retailers are hopeful the hype surrounding Black Friday and Cyber Monday continues to rub off on shoppers in the lead up to Christmas and beyond.

Page 18: The battle to buy WA’s lucrative TAB has intensified to a shortlist of three of Australia’s biggest wagering companies and with an expected sale price of up to $300 million.

Business: The business community has been called on to kickstart investment plans to boost the economy as a fall in mining spending weighs on growth figures.

Premier Mark McGowan used his annual address to WA’s most influential business and industry figures to highlight the importance of long-term planning in government.

Agriculture Minister Alannah MacTiernan has called for a code of conduct between supermarkets and embattled egg producers, whose livelihoods are under threat because retailers are paying low prices while feed costs jump.

A newly formed directorate — spearheaded by fisheries experts — is overseeing WA’s biosecurity, fisheries and animal welfare compliance, with the body absorbing the State’s livestock watchdog.

IMC Resources has moved to take control of the Nullagine gold mine by appointing receivers over its collapsed owner, Millennium Minerals.

FYI Resources has secured a site for its high-purity alumina plant in the Kwinana industrial estate as the area builds on its claim to be a future battery minerals processing hub.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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