22/01/2020 - 07:05

Morning Headlines

22/01/2020 - 07:05

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Morning Headlines

Fine forecast for iron ore

Morgan Stanley’s latest conviction call is that the spot price of iron ore will stay at $US93 per tonne until at least March, well above Treasury’s Free on Board estimate, (which accounts for freight costs) of $55 per tonne. The Fin

Anglo American rescues Rinehart-backed Sirius

Global mining giant Anglo American has joined BHP in staking its future growth on global demand for fertilisers, agreeing firm terms for Gina Rinehart-backed Sirius Minerals. The Aus

Rotto gets $33m redo

Rottnest Island is receiving a major $33 million infrastructure boost, including a backpackers’ precinct to attract more young adults to WA’s “premier” tourist attraction. The West

Rio faces new hurdle to ERA absorption

The second-biggest shareholder in Energy Resources of Australia is keeping open the possibility of using its stake to block Rio Tinto from acquiring 100 per cent of the Kakadu uranium producer. The Fin

Family offloads Erregulla Plains in massive deal

A national corporate cropping investment business has emerged as the likely buyer of the historic Erregulla Plains farm at Mingenew, marking one of the biggest WA rural sales in recent years. The West

Crown sale may breach casino rules

James Packer’s $1.76 billion sale of a stake in his Crown casino empire to billionaire businessman Lawrence Ho may have given Mr Ho’s banned father Stanley an ‘‘indirect stake’’ in Crown in potential breach of its NSW gambling licence. The Fin

Facebook in firing line on digital coins

The most powerful financial watchdogs in Australia have urged the government to give regulators the tools to rein in controversial digital coins such as Facebook’s mooted “stablecoin” Libra, amid concerns about the risks of cryptocurrencies usurping the Australian dollar. The Aus

Frydenberg rules out buying coal mines, stations

Josh Frydenberg has dismissed the prospect of Canberra buying coal mines or coal-fired power stations following the Bank of International Settlements report that warned climate change threatened the stability of financial markets and that central banks could be called upon to bail out stranded assets. The Fin

NAB hit with class action on super ‘rip-off’

National Australia Bank breached its duty as a superannuation trustee and ripped off as many as 330,000 customers by keeping them in products with high fees and poor performance, argues a new class action lawsuit taking advantage of evidence heard by the Hayne royal commission. The Fin

Driving in the right direction

Residents of Perth’s outer suburbs will slice nearly half an hour off their daily commute once the State Government’s freeway upgrades are complete. The West

 

 

The Australian Financial Review

Page 1: James Packer’s $1.76 billion sale of a stake in his Crown casino empire to billionaire businessman Lawrence Ho may have given Mr Ho’s banned father Stanley an ‘‘indirect stake’’ in Crown in potential breach of its NSW gambling licence.

Australians are being urged to report high fevers and other flu-like symptoms to doctors after Queensland health authorities confirmed a man who had travelled to China was being tested for the deadly coronavirus.

Page 3: Two out of five of the grassroots projects under the Morrison government’s controversial sports grants scheme had begun construction before funding agreements were in place, in clear contravention of program guidelines.

Page 4: Josh Frydenberg has dismissed the prospect of Canberra buying coal mines or coal-fired power stations following the Bank of International Settlements report that warned climate change threatened the stability of financial markets and that central banks could be called upon to bail out stranded assets.

Page 5: Morgan Stanley’s latest conviction call is that the spot price of iron ore will stay at $US93 per tonne until at least March, well above Treasury’s Free on Board estimate, (which accounts for freight costs) of $55 per tonne.

Page 7: Netflix, Stan, Kayo Sports and Optus Sport are driving the lion’s share of increased internet consumption as video streaming dominates data usage.

Page 12: National Australia Bank breached its duty as a superannuation trustee and ripped off as many as 330,000 customers by keeping them in products with high fees and poor performance, argues a new class action lawsuit taking advantage of evidence heard by the Hayne royal commission.

Page 14: The second-biggest shareholder in Energy Resources of Australia is keeping open the possibility of using its stake to block Rio Tinto from acquiring 100 per cent of the Kakadu uranium producer.

 

 

The Australian

Page 1: Scott Morrison has called for a national standard for bushfire hazard-reduction burns and declared that tracking measures to cut fuel loads is at least as important as monitoring Australia’s carbon emissions.

Page 2: Forcing Australian gas exporters to increase their domestic output could “distort resource allocation” and drive up energy costs over time, the Productivity Commission has warned.

Page 6: Super-sized apartments with three or more bedrooms are making a comeback, accelerating the shift away from traditional detached homes with a backyard.

Page 15: The most powerful financial watchdogs in Australia have urged the government to give regulators the tools to rein in controversial digital coins such as Facebook’s mooted “stablecoin” Libra, amid concerns about the risks of cryptocurrencies usurping the Australian dollar.

Page 16: Boral is once again attracting attention from the investment community as speculation that it remains a takeover target refuses to go away.

Page 17: Bushfire smoke and the growing local uptake of Black Friday sales have seen Australia Post smash its delivery records over December as the number of Australians doing their Christmas shopping online continues to surge.

Page 20: Global mining giant Anglo American has joined BHP in staking its future growth on global demand for fertilisers, agreeing firm terms for Gina Rinehart-backed Sirius Minerals.

Page 21: Federal Education Minister Dan Tehan has set up a new taskforce to protect the reputation of Australia’s $39bn international education industry following the bushfire crisis.

 

 

The West Australian

Page 4: Medical experts want biosecurity screening for all flights arriving from China after an outbreak of a deadly SARS-like virus which has rapidly infected more than 300 people and killed six, with British experts estimating the total number of people infected could reach as high as 1700.

Page 7: A common pill used to treat anxiety and high blood pressure could become a breast cancer wonder drug.

Page 10: Prime Minister Scott Morrison could name and shame States which do not carry out hazard reduction burns to help protect communities against the devastating impacts of bushfires.

Page 11: Residents of Perth’s outer suburbs will slice nearly half an hour off their daily commute once the State Government’s freeway upgrades are complete.

Page 18: Rottnest Island is receiving a major $33 million infrastructure boost, including a backpackers’ precinct to attract more young adults to WA’s “premier” tourist attraction.

Business: A national corporate cropping investment business has emerged as the likely buyer of the historic Erregulla Plains farm at Mingenew, marking one of the biggest WA rural sales in recent years.

The justice system has dealt what could be the final blow to former Joondalup mayor Troy Pickard’s plans to build networks of trendy carvery and salad stores.

Seafarms has cleared another milestone in its ambitious $1.5 billion northern Australia aquaculture project, after signing an offtake agreement with a big European seafood distributor.

Mystery surrounds this week’s sudden departure of hotel giant Park Regis from a Subiaco venue months before it was due to open.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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