07/02/2020 - 06:55

Morning Headlines

07/02/2020 - 06:55

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Morning Headlines

WA health giant looks east for young dollars

Western Australia’s biggest health insurer HBF will begin a major marketing push in the eastern states this month in an effort to add more young people to its ageing pool of members. The Fin

Tianqi faces debt squeeze

WA’s biggest lithium player Tianqi Lithium is facing a financial squeeze as it eyes the repayment of more than $3 billion of debt linked to a costly overseas expansion at the top of the market nearly two years ago. The West

Industry urges Pitt to keep his foot on the gas

Industry has urged new Resources Minister Keith Pitt to maintain momentum on policy measures to increase the supply of gas, after he was named to replace the outgoing Matt Canavan yesterday. The Fin

Libs say no more Roe 8 toll

WA Liberal leader Liza Harvey has dumped plans to impose a truck toll to help fund the extension of Roe Highway to Fremantle if she becomes premier next year. The West

Banks lobby against $1m fines for execs

The big four banks have stepped up lobbying of Treasury to abandon a proposal for million-dollar penalties for individual executives during a series of closed-door briefings held in Sydney on Tuesday and in Melbourne yesterday. The Fin

Joyce warns PM: Nats to cross floor

Former Nationals leader Barnaby Joyce has warned Scott Morrison that the failure to put any of his supporters into the ministry has created a Nationals rebel group in the House of Representatives capable of blocking Coalition legislation. The Aus

Bishop: ANU can lead on climate

Former Liberal Party deputy leader Julie Bishop wants one of Australia’s leading universities to take a more active role advising the government on climate change. The Fin

Need for less speed

The RAC wants the default speed limit on WA’s regional roads to fall from 110km/h to 100km/h as it called on the McGowan Government to “do more to tackle the unforgivably high number of people killed” on the State’s roads. The West

Economy had more momentum

Surprisingly strong consumer spending in the final three months of 2019 has triggered investors to upgrade retail stocks and abandon calls for another interest rate cut this year. The Fin

Unis could face $3.1b hit, says S&P

Ratings agency Standard & Poors says up to $3.1 billion in university fees is at risk if Chinese students stuck overseas do not make it to Australia for semester one. The Fin

We’re not a standard card company, Afterpay tells RBA

The boss of ASX darling Afterpay has warned the Reserve Bank it risks “stifling innovation” by intervening in the buy now, pay later space, declaring that regulation should be a matter for parliament. The Aus

 

 

The Australian Financial Review

Page 1: Surprisingly strong consumer spending in the final three months of 2019 has triggered investors to upgrade retail stocks and abandon calls for another interest rate cut this year.

Page 3: Former Liberal Party deputy leader Julie Bishop wants one of Australia’s leading universities to take a more active role advising the government on climate change.

International gambling giant Melco has accused the gaming regulator of overstepping its powers by ordering witnesses in the Crown casino inquiry to hand over evidence that breaches legal professional privilege, the NSW Supreme Court has heard.

Page 4: Industry has urged new Resources Minister Keith Pitt to maintain momentum on policy measures to increase the supply of gas, after he was named to replace the outgoing Matt Canavan yesterday.

Nuclear energy will be needed to help Australia achieve net zero international emissions targets by 2050, the industry claims, as it laments Labor’s refusal to offer Scott Morrison bipartisan support to review the current ban.

Page 7: The number of businesses defaulting on payments jumped 29 per cent last year, pointing to an increase in insolvencies in the year ahead.

Page 9: The Australian Securities and Investments Commission should consider regulating companies’ ‘‘pernicious’’ use of supply chain finance, small business ombudsman Kate Carnell said, after finding too many companies abused the scheme to delay paying bills.

Salaried bar, cafe and restaurant workers will be entitled to extra pay if they work more than 16 hours of nights and weekends a week under proposed new rules coming into effect next month.

Page 12: Australia has cracked the list of top 10 countries for talent competitiveness, beating Germany, the United Kingdom and Canada.

Page 13: Donald Trump roars into the 2020 presidential election race with one goal in mind – to make American history by becoming the first impeached president to go on and win re-election.

Page 14: Ratings agency Standard & Poors says up to $3.1 billion in university fees is at risk if Chinese students stuck overseas do not make it to Australia for semester one.

Page 17: The big four banks have stepped up lobbying of Treasury to abandon a proposal for million-dollar penalties for individual executives during a series of closed-door briefings held in Sydney on Tuesday and in Melbourne yesterday.

Page 18: Street Talk understands broker Euroz Securities kicked off investor education meetings for WA-based engineering remediation services business Duratec in Sydney and Melbourne this week ahead of a potential ASX listing in May.

Page 20: Western Australia’s biggest health insurer HBF will begin a major marketing push in the eastern states this month in an effort to add more young people to its ageing pool of members.

 

 

The Australian

Page 1: Former Nationals leader Barnaby Joyce has warned Scott Morrison that the failure to put any of his supporters into the ministry has created a Nationals rebel group in the House of Representatives capable of blocking Coalition legislation.

English-language courses for humanitarian refugees will be overhauled as part of a new push to settle half of the new arrivals in regional areas and help them gain employment to lower a “shockingly” high jobless rate.

Page 5: Australia’s peak Christian lobby group has told Christian Porter the government’s updated discrimination bill requires wholesale changes, as the Attorney-General prepares to re-engage with key faith groups ahead of finalising legislation to protect religious freedoms.

Page 7: Australians returning from areas affected by the deadly coronavirus outbreak are likely to be quarantined at a workers camp outside Darwin once facilities on Christmas Island are full.

Page 17: Property developer Mirvac has warned the new coronavirus will have an impact on the local residential property market but chief executive Susan Lloyd-Hurwitz says it is too early to predict the scale.

Page 19: Supermarket giant Coles has thrown down the gauntlet to arch rival Woolworths ahead of both retailers reporting their December-half results this month, unveiling a surprise earnings and sales upgrade that has defied fragile consumer confidence and a subdued economy.

Page 21: The boss of ASX darling Afterpay has warned the Reserve Bank it risks “stifling innovation” by intervening in the buy now, pay later space, declaring that regulation should be a matter for parliament.

 

 

The West Australian

Page 3: Supermarket shelves are empty, schools shut and planes grounded as the Pilbara braces for the impact of what looks set to be the most powerful cyclone to lash the region in years.

Page 5: Child care is becoming the norm for WA children at a younger age as more parents head back to work sooner.

Page 7: WA Liberal leader Liza Harvey has dumped plans to impose a truck toll to help fund the extension of Roe Highway to Fremantle if she becomes premier next year.

Page 9: Labor has slammed the Federal Government’s handling of the coronavirus impact on the economy, urging Prime Minister Scott Morrison to convene an urgent national roundtable with business leaders.

Page 26: The RAC wants the default speed limit on WA’s regional roads to fall from 110km/h to 100km/h as it called on the McGowan Government to “do more to tackle the unforgivably high number of people killed” on the State’s roads.

Business: WA’s biggest lithium player Tianqi Lithium is facing a financial squeeze as it eyes the repayment of more than $3 billion of debt linked to a costly overseas expansion at the top of the market nearly two years ago.

WA is at the forefront of a medical revolution, in which medicinal cannabis is used to help thousands of people across the State.

WA’s struggling egg farmers desperately hope a petition issued to the Legislative Council yesterday will be the catalyst to a turnaround in fortunes, in particular through fairer pricing from major supermarkets.

Shares in Pilbara gold explorer De Grey Mining doubled yesterday after follow-up drilling at the Hemi prospect of its Mallina project provided further evidence of a major gold discovery.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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