11/12/2019 - 06:58

Morning Headlines

11/12/2019 - 06:58

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Morning Headlines

FAR moves closer to Senegal ambitions

An equity raising is the ‘‘last piece of the puzzle’’ for FAR Ltd to begin construction of the $US4.2 billion ($6.2 billion) Sangomar project in Senegal that will make the junior oil and gas explorer one of the ASX’s largest oil producers, says chief executive Cath Norman. The Fin

Forrest locks horns with WA government over native title court fight

Andrew Forrest’s Fortescue Metals is at loggerheads with the WA government over the company’s attempt to take a bitter 12-year legal battle with traditional owners to the High Court. The Fin

Nowhere to hide for dud super funds

Superannuation Minister Jane Hume says ‘‘there is nowhere to hide’’ for dud retirement savings funds after the prudential regulator identified 19 MySuper products holding $70 billion in assets as underperformers. The Fin

Senator takes on Albanese over live export trade

Minister for Northern Australia Matt Canavan has opened up a fresh war with Opposition Leader Anthony Albanese, saying unless he clarifies his position on live exports WA jobs are at risk. The West

Jetstar pilots to strike this weekend

Jetstar is looking to reschedule flights as it faces industrial action from both pilots and baggage handlers in the leadup to Christmas.

Taxman’s win over Bazzo

A Perth land developer ensnared in a $100 million-plus Federal probe has failed to stop worried tax officials taking mortgages over her Australind and Southern River projects. The West

Regulators struggling with Facebook’s Libra

Global central banks, including the Reserve Bank of Australia, are struggling to work out how to regulate the Libra cryptocurrency – a precondition before it is switched on – but understand that even if Facebook’s proposal falls over, something similar will be proposed in the future. The Fin

Sigdo Kloppers gets cold feet on Downer Mining acquisition

Chilean conglomerate Sigdo Koppers is understood to have walked away from Downer Mining after earlier considering an acquisition of the business. The Aus

Mate, that’s not cricket

Sports Minister Mick Murray has fired back after cricket journalist Gideon Haigh sensationally claimed Optus Stadium would never host a Boxing Day Test — or any showpiece event — because it had an atmosphere “as sterile as an operating theatre”. The West

UON eyes new horizons

Family-owned energy and water management company UON will use a financial injection from Macquarie to support an expansion that aims to propel it onto the east coast and nearly double turnover within three years. The West

 

 

The Australian Financial Review

Page 1: Superannuation Minister Jane Hume says ‘‘there is nowhere to hide’’ for dud retirement savings funds after the prudential regulator identified 19 MySuper products holding $70 billion in assets as underperformers.

Page 3: The Morrison government has made 11 changes to its proposed religious freedom legislation in a bid to minimise dissent and secure its passage through Parliament early next year.

Page 5: First-year university undergraduates are so bad at maths that professors are dropping the subject from business and statistics courses because students can’t keep up, researchers say.

Jetstar is looking to reschedule flights as it faces industrial action from both pilots and baggage handlers in the lead-up to Christmas.

Holden will scrap the Commodore model from its range in 2020, ending 41 years of history for what was once the biggest-selling car in Australia.

Page 6: Toxic internet trolls and terrorist content circulating on social media are the targets of Morrison government plans for new online safety laws.

Scott Morrison has defended his government’s approach to climate change as centrist, following criticism by Malcolm Turnbull that the Coalition continues to be held hostage by zealots who regard the issue as one of religion rather than science.

Page 10: The Commonwealth Bank has been singled out by the Reserve Bank for its slow rollout of the new, real-time payments system as governor Philip Lowe accused the big four banks of gouging on international money transfers.

Page 15: Australia’s top chief executives have bad news for Reserve Bank governor Philip Lowe – most are unwilling to drop their hurdle rates on new investments, despite the sharp fall in interest rates.

Zoom chief executive Eric Yuan has set himself the goal within a decade of making his video communications technology better than face-to-face interactions.

Page 17: A Saudi Arabian conglomerate has taken a big stake in newly listed infant formula company Nuchev after visiting Australia to assess the growth prospects of goat milk formula.

Page 18: Global central banks, including the Reserve Bank of Australia, are struggling to work out how to regulate the Libra cryptocurrency – a precondition before it is switched on – but understand that even if Facebook’s proposal falls over, something similar will be proposed in the future.

Page 20: An equity raising is the ‘‘last piece of the puzzle’’ for FAR Ltd to begin construction of the $US4.2 billion ($6.2 billion) Sangomar project in Senegal that will make the junior oil and gas explorer one of the ASX’s largest oil producers, says chief executive Cath Norman.

Andrew Forrest’s Fortescue Metals is at loggerheads with the WA government over the company’s attempt to take a bitter 12-year legal battle with traditional owners to the High Court.

 

 

The Australian

Page 2: Anthony Albanese has sidelined Bill Shorten’s union powerbase, turned to his old left-wing network and recruited experienced campaign strategists to put Labor back in the game ahead of the 2022 election.

Australia’s ability to project soft power into the Indo-Pacific has been dramatically weakened by government and an ABC neglect of international public broadcasting, a new report says.

Page 6: Churches, faith-based schools and charities will be able to employ staff based on their beliefs but controversial religious statements made at work Christmas parties will not be protected under a raft of changes to Scott Morrison’s religious discrimination bill.

Page 17: A suite of regulators and government agencies in The Philippines have opened a probe into the Westpac child exploitation scandal, which could be referred to the Southeast Asian country’s national investigation agency.

Page 18: Chilean conglomerate Sigdo Koppers is understood to have walked away from Downer Mining after earlier considering an acquisition of the business.

Page 19: Negative consumer confidence and changing purchasing habits are tipped to hit an already struggling retail sector in the lead-up to Christmas.

Page 23: Higher claims due to hailstorms, floods and wild weather has led to a multi-billion-dollar loss in the Australian insurance industry.

Page 25: The federal government has backtracked and funded four of the 11 Australian Research Council grant applications that were secretly vetoed by Simon Birmingham as education minister in 2017 and last year.

Chemical engineer Amit Chakma will be the new vice-chancellor of the University of Western Australia from July next year.

 

 

The West Australian

Page 7: Minister for Northern Australia Matt Canavan has opened up a fresh war with Opposition Leader Anthony Albanese, saying unless he clarifies his position on live exports WA jobs are at risk.

Page 11: After decades of campaigning, seven attempts and 180 hours of debate in Parliament, WA has become the second State to legalise voluntary assisted dying.

Page 20: Education ministers are being urged to prioritise overhauling the primary school curriculum as they meet in Alice Springs today, with teachers unable to keep up with demands.

Page 22: Sports Minister Mick Murray has fired back after cricket journalist Gideon Haigh sensationally claimed Optus Stadium would never host a Boxing Day Test — or any showpiece event — because it had an atmosphere “as sterile as an operating theatre”.

Page 24: With five minutes and some Bitcoin or cash to spare, you can order a lethal drug to be delivered straight to your door in as little as 24 hours — with each hit cheaper than a cup of coffee.

Business: A Perth land developer ensnared in a $100 million-plus Federal probe has failed to stop worried tax officials taking mortgages over her Australind and Southern River projects.

A key protagonist in a bitter boardroom fight which has split Anglo Australian Resources says dissidents seeking to overthrow mining veteran John Jones have already achieved a victory by forcing change on the gold junior.

Business confidence in WA’s mining industry has plummeted, according to the National Australia Bank’s final monthly business survey for the year.

The largely unknown WA sea cucumber industry has become the State’s 10th fishery to achieve Marine Stewardship Council certification for sustainable management of the resource.

Family-owned energy and water management company UON will use a financial injection from Macquarie to support an expansion that aims to propel it onto the east coast and nearly double turnover within three years.

The long-running West Perth slump could be over, with Primewest buying 66 Kings Park Road from Warrington Capital Partners for $33.1 million, due to settle in January.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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