09/01/2020 - 06:38

Morning Headlines

09/01/2020 - 06:38

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Morning Headlines

Seeds of next LNG glut already being sown

The notorious cyclicality of the global LNG sector is on full display, according to Bernstein Research, which forecasts an earlier end to today’s glut than most analysts – but only to pave the way for another bout of oversupply. The Fin

House starts at 20-year low

WA home building approvals are continuing to fall, bucking the national turnaround, according to data from the Australian Bureau of Statistics. The West

Crown project steams ahead

Crown Resorts’ $2.4 billion Barangaroo project in Sydney will open this year, more than three months ahead of schedule, owner James Packer has revealed, as he made his first visit to the controversial site and his future home. The West

ASIC targets brokers over ‘poor’ funds

The corporate regulator will audit stockbrokers who are being paid commissions by fund managers and investigate the misselling of poor performing listed investment funds to retail investors. The Fin

Insurers can bear cost of disaster, say analysts

Analysts say the insurance industry’s failure to set aside adequate funds to cover the cost of the catastrophic bushfires is not cause for alarm, saying reinsurance contracts will protect against major earnings erosion. The Fin

WA makes case for fire plane

Mark McGowan will write to Scott Morrison asking for a new aircraft to be based in WA to boost the State’s firefighting arsenal. The West

APRA back to drawing board on bonus cap

The prudential regulator’s dream of capping the use of financial metrics in banker bonuses at 50 per cent is all but dead in the water as it considers a second round of consultation in response to widespread criticism. The Fin

Qantas alters air routes to avoid area

Qantas is altering its routes between London and Perth following Iran’s missile strike on US military bases in Iraq. The Aus

Australian fuel supplies ‘in the crosshairs’

Australia’s oil supplies are “in the crosshairs” if the US-Iran conflict escalates, a leading energy security expert has warned, after crude prices spiked in response to Iranian missile strikes on American bases in Iraq. The Aus

Avocado ice-cream smashes it

A WA start-up which turns imperfect avocados into ice-cream has exceeded expectations in its first year, after collaborating with local fruit growers to develop special WA flavours, and capturing strong demand from the Eastern States. The West

 

 

The Australian Financial Review

Page 1: The corporate regulator will audit stockbrokers who are being paid commissions by fund managers and investigate the misselling of poor performing listed investment funds to retail investors.

Page 3: Building approvals jumped 11.8 per cent in November as high-rise apartment developers responded to Reserve Bank of Australia warnings that the collapse in housing construction could see a supply shortage sooner rather than later.

Page 6: Analysts say the insurance industry’s failure to set aside adequate funds to cover the cost of the catastrophic bushfires is not cause for alarm, saying reinsurance contracts will protect against major earnings erosion.

Page 13: The prudential regulator’s dream of capping the use of financial metrics in banker bonuses at 50 per cent is all but dead in the water as it considers a second round of consultation in response to widespread criticism.

Page 14: Australia’s two largest financial advice providers, AMP and IOOF, have lamented the planned retreat of the big four banks from the wealth management market, saying the exit reduces options for people needing quality advice.

Page 16: Global biotherapeutics leader CSL Behring has partnered with US-based SAB Biotherapeutics, a clinical-stage biopharmaceutical development company advancing a new class of immunotherapies.

Page 17: The notorious cyclicality of the global LNG sector is on full display, according to Bernstein Research, which forecasts an earlier end to today’s glut than most analysts – but only to pave the way for another bout of oversupply.

Australia’s biggest mining union has stepped up its fight against BHP’s new industrial relations venture, lodging an appeal on Wednesday that asks the Fair Work Commission to rescind its support for two enterprise agreements.

 

 

The Australian

Page 3: Nearly 18,000 student visas were cancelled by the federal government last year, and Chinese nationals accounted for 4686 of them.

Page 4: Scott Morrison has urged tourists seeking refunds from fire-hit businesses to “cut them a break”, and blasted the “disgusting behaviour” of arsonists, scammers and looters during the fire disaster.

Page 7: Qantas is altering its routes between London and Perth following Iran’s missile strike on US military bases in Iraq.

Page 13: Paul Brennan, the chief executive of listed biotech PolyNovo, is not one to get ahead of himself despite a stellar run on the ASX in the past year, making inroads into the US and being on the cusp of European expansion.

Page 14: Caltex Australia has flagged a potential break-up of its wholesale and retail fuel arms, confirming it has fielded multiple approaches for all or some of its assets, including one from Britain’s EG Group.

Page 15: Logistics software maker Wise-Tech Global is defying its critics and pushing ahead with more acquisitions, picking up Swiss logistics provider SISA Studio Informatica for $15.5m.

Google Assistant users will be able to dictate digital sticky notes to household members.

Page 18: Australia’s oil supplies are “in the crosshairs” if the US-Iran conflict escalates, a leading energy security expert has warned, after crude prices spiked in response to Iranian missile strikes on American bases in Iraq.

 

 

The West Australian

Page 3: Allegedly corrupt senior public servant Paul Whyte owns 49 racehorses in WA alone — 41 outright — and co-accused Como physiotherapist Jacob Anthonisz is the part-owner of 21 thoroughbreds.

Page 7: Mark McGowan will write to Scott Morrison asking for a new aircraft to be based in WA to boost the State’s firefighting arsenal.

Page 10: Four acoustic receivers installed just months before scuba diver Gary Johnson was fatally attacked may hold the key to revealing if the shark had frequented the bay or was rogue, but the data will be accessed only in October.

Page 16: Latest figures reveal woeful attendance rates across remote public secondary schools in the Goldfields, with most lagging far behind the State average.

Page 18: WA home building approvals are continuing to fall, bucking the national turnaround, according to data from the Australian Bureau of Statistics.

Business: Retailer Harris Scarfe ramped up its ordering of stock before it was tipped into voluntary administration, suppliers have claimed.

Mining giant Anglo American has swooped on a distressed UK potash company backed by WA billionaire Gina Rinehart.

Crown Resorts’ $2.4 billion Barangaroo project in Sydney will open this year, more than three months ahead of schedule, owner James Packer has revealed, as he made his first visit to the controversial site and his future home.

Billionaire investor Alex Waislitz has cranked up his stake in US-focused Australis Oil & Gas with a burst of on-market buying in the past three months.

A WA start-up which turns imperfect avocados into ice-cream has exceeded expectations in its first year, after collaborating with local fruit growers to develop special WA flavours, and capturing strong demand from the Eastern States.

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