20/01/2020 - 07:02

Morning Headlines

20/01/2020 - 07:02

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Woodside struggle if sales delayed

Woodside Petroleum may need to tap shareholders for new equity this year if planned asset sales are delayed, as it embarks on a big year of spending to accommodate large growth projects, some analysts believe.

PM expands bushfire aid for business

The Morrison government will announce today a tripling in the size of cheap loans and grants for any small businesses hit by the bushfires, in a move that will put pressure on the thinning budget surplus. The Fin

Lynas plant to face action

Lynas Corporation is facing yet another legal challenge over its controversial rare earths processing facility in Malaysia. The West

Huawei claims 5G ban to cost Australia $11.9b

A report commissioned by Chinese telco Huawei found its ban from providing equipment to 5G networks in Australia will cost $11.9 billion in lost GDP gains by 2035. The Fin

Tourism facing a firefight

WA’s tourism industry is at risk of becoming collateral damage in the wake of the bushfire crisis that paralysed the east coast as global media attention and lack of geographic knowledge combine to drive a spike in cancellations from overseas visitors. The Fin

Woolies’ law firm underpaid its own staff

The same top-tier law firm advising Woolworths on its $300 million underpayment scandal has been underpaying its own staff, as gruelling work hours threaten to spark an underpayment crisis in the legal industry. The Fin

Albanese says 45pc emissions target an error

Labor leader Anthony Albanese has admitted it was a ‘‘mistake’’ to take the 45 per cent emissions reduction target to last year’s federal election, opening the way for Labor to reduce the target. The Fin

Corporate tourists pledge business to burn zones

Up to 200 business leaders, superannuation funds and universities will pledge to hold corporate retreats in bushfire-affected communities, as federal and state governments launch major tourism packages to promote that Australia is ‘‘back in business’’. The Fin

Wary nation 'locked into slow growth'

A collapse in consumer and business confidence has locked Australia into slow growth, with the economy expected to tread water as the nation navigates through the impact of drought, housing-related weakness and scared consumers, according to the latest business outlook report from Deloitte Access Economics. The Aus

Australian sharemarket primed for fresh record this week

The Australian sharemarket is tipped to open on a high after another record close on Wall Street. The West

 

 

The Australian Financial Review

Page 1: The Morrison government will announce today a tripling in the size of cheap loans and grants for any small businesses hit by the bushfires, in a move that will put pressure on the thinning budget surplus.

The same top-tier law firm advising Woolworths on its $300 million underpayment scandal has been underpaying its own staff, as gruelling work hours threaten to spark an underpayment crisis in the legal industry.

Page 3: Labor leader Anthony Albanese has admitted it was a ‘‘mistake’’ to take the 45 per cent emissions reduction target to last year’s federal election, opening the way for Labor to reduce the target.

Page 4: Up to 200 business leaders, superannuation funds and universities will pledge to hold corporate retreats in bushfire-affected communities, as federal and state governments launch major tourism packages to promote that Australia is ‘‘back in business’’.

Page 5: Clean Energy Finance Corporation boss Ian Learmonth says the $10 billion government fund will invest in new projects and technologies to help stabilise the power grid and fix challenges from the renewable energy boom, such as negative power prices.

Page 8: A report commissioned by Chinese telco Huawei found its ban from providing equipment to 5G networks in Australia will cost $11.9 billion in lost GDP gains by 2035.

Page 9: Donald Trump’s legal team strenuously denies that he has committed impeachable acts, denouncing the charges against him as a ‘‘brazen and unlawful’’ attempt to cost him re-election as House Democrats laid out in meticulous detail their case that he should be removed from office.

Page 12: The government is stepping up its efforts to kickstart a retail corporate bond market, after its much touted legislation to reduce red tape for bond listings failed to encourage companies to issue debt securities to individual investors.

Page 14: Woodside Petroleum may need to tap shareholders for new equity this year if planned asset sales are delayed, as it embarks on a big year of spending to accommodate large growth projects, some analysts believe.

Page 17: Jack Dorsey’s US payments giant Square has accused Australia’s major banks of engaging in anti-competitive conduct when it entered the local market and described parts of the financial services laws as ‘‘challenging to navigate’’.

 

 

The Australian

Page 1: The Morrison government will overhaul its northern development agenda to pursue closer ties with India, Southeast Asia and the Pacific Island nations as “strategic priorities” and increasing international volatility call for less reliance on China.

Page 2: A US-based digital advertising company is ramping up operations in Australia to take on tech giants Google and Facebook amid calls for greater scrutiny and diversity across the media landscape.

Tens of thousands of young people have taken out insurance with non-profit health funds in the past two years, bucking a trend of declining membership numbers across the rest of the industry.

Page 3: Up to 60 per cent of Australians would sacrifice a big backyard to be closer to neighbours and parks, a national snapshot of home buyers’ priorities shows.

Page 6: Spending more time with children can help stave off the onset of dementia and keep people — both old and young — healthier for longer, a new study has found.

Page 15: Fund manager Geoff Wilson has called on Labor to abandon any plans to resurrect its maligned franking credit policy ahead of the next election, warning the attack on franking needs to be put on hold “for at least a generation”.

A collapse in consumer and business confidence has locked Australia into slow growth, with the economy expected to tread water as the nation navigates through the impact of drought, housing-related weakness and scared consumers, according to the latest business outlook report from Deloitte Access Economics.

Page 17: The financial regulator has raised concerns over the vulnerability of the nation’s health insurers to cyber attacks, as any breaches could leave personal health data compromised.

Page 18: The tech giant is creating checkout terminals that could be placed in bricks-and-mortar stores and allow shoppers to link their card information to their hands, according to people familiar with the matter.

 

 

The West Australian

Page 3: WA’s tourism industry is at risk of becoming collateral damage in the wake of the bushfire crisis that paralysed the east coast as global media attention and lack of geographic knowledge combine to drive a spike in cancellations from overseas visitors.

Page 7: Australia’s chief medical officer is calling for calm amid an outbreak of a deadly new form of viral pneumonia in China that has killed two people and put other countries on alert ahead of increased travel to coincide with Chinese New Year celebrations.

Page 9: Population growth in WA has been identified as one of a trio of factors expected to deliver a slow improvement in the State’s faltering economy.

Old bottles and cans could turn into a money-spinner for the City of Perth, which is predicting profits between $350,000 and $2.5 million a year through operating refund points for WA’s container deposit scheme starting in June.

Page 20: WA’s WorkSafe Commissioner has slammed an investigation by his department into the case of an airport worker who was crushed and chewed up in the wheel arch of a 20,000kg fuel tanker.

Business: Lynas Corporation is facing yet another legal challenge over its controversial rare earths processing facility in Malaysia.

The Australian sharemarket is tipped to open on a high after another record close on Wall Street.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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