20/07/2020 - 06:52

Morning Headlines

20/07/2020 - 06:52

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Power play for Newmont and Northern Star

Morning Headlines

Power play for Newmont and Northern Star

The world’s biggest gold miner, Newmont Corporation, is broadening the search for a new owner of its Australian power assets after Northern Star let lapse its exclusive purchase rights. The Fin

Go-ahead for mega gas prospect

British energy major BP is sharpening the drill-bit for a resumption of exploration drilling off Australia, in its first major testing for a world-class oil or gas find here since it walked away from a controversial plan to drill a well in the Great Australian Bight in 2016. The Fin

Enter the FIFO bubble

Mining giants are in talks with WA authorities about creating FIFO travel bubbles if the State’s borders stay shut. The West

Loans boost and tiered JobKeeper

Small and medium businesses trying to rebuild will have access to cheap, part-guaranteed loans of up to $1 million, while the JobKeeper scheme will be split into a series of tiered payments and its eligibility criteria tightened. The Fin

Call to diversify out of iron ore

One of the nation’s most senior investment bankers says Australia must seize the opportunity presented by the COVID-19 pandemic to urgently diversify the economy, shifting away from its reliance on commodity exports, while warning that iron ore prices are likely to fall in the future as China develops new sources of supply. The Aus

Melbourne masks against virus

Millions of people in Melbourne face $200 fines if they leave their homes without a mask and authorities will crack down hard on businesses flouting rules as Victoria risks losing control of the stubbornly high spread of the virus in the community. The Fin

Geopolitics at play in search for a vaccine

The global race to nail down a vaccine for COVID-19 is picking up pace, intensifying the competition between insecure world powers that are desperate to score a critical victory in their ever-widening geopolitical contest. The Fin

Gold rush for young investors

A rush towards safe-bet investments amid the global pandemic chaos and the convenience and popularity of digital trading platforms are fuelling a huge rise in the number of young investors tapping into the booming gold market. The West

Deloitte defends Virgin bondholder rejection

Virgin Australia’s administrators Deloitte are going direct to creditors of the ailing airline to support their argument that a rebel funding proposal from bondholders is too speculative. The Fin

Construction sector to shed 140,000 jobs

The construction sector is set to lose about 140,000 jobs over the next two years, new forecasts reveal, with the losses to be most keenly felt in Victoria where its building labour force faces an 18 per cent contraction. The Aus

 

 

The Australian Financial Review

Page 1: Millions of people in Melbourne face $200 fines if they leave their homes without a mask and authorities will crack down hard on businesses flouting rules as Victoria risks losing control of the stubbornly high spread of the virus in the community.

Small and medium businesses trying to rebuild will have access to cheap, part-guaranteed loans of up to $1 million, while the JobKeeper scheme will be split into a series of tiered payments and its eligibility criteria tightened.

NSW reported 18 new COVID-19 cases yesterday, the biggest increase in three months, just before schools open for term three.

Page 6: The ACTU will back the extension of emergency industrial relations exemptions for businesses deemed eligible for a new JobKeeper program to start at the end of September.

Page 8: Taxpayers have spent $1.5 billion on an aircraft designed to take off and land at battlegrounds but which cannot actually be flown into warzones.

Page 11: The global race to nail down a vaccine for COVID-19 is picking up pace, intensifying the competition between insecure world powers that are desperate to score a critical victory in their ever-widening geopolitical contest.

Page 14: The spate of LNG write-downs that has hit Australian projects has given fresh ammunition to opponents of Santos’ proposed $3.6 billion Narrabri gas scheme just as public hearings into the contentious venture are set to get under way today.

Page 16: Virgin Australia’s administrators Deloitte are going direct to creditors of the ailing airline to support their argument that a rebel funding proposal from bondholders is too speculative.

Page 19: The world’s biggest gold miner, Newmont Corporation, is broadening the search for a new owner of its Australian power assets after Northern Star let lapse its exclusive purchase rights.

British energy major BP is sharpening the drill-bit for a resumption of exploration drilling off Australia, in its first major testing for a world-class oil or gas find here since it walked away from a controversial plan to drill a well in the Great Australian Bight in 2016.

Page 30: The COVID-19 pandemic is going to have long-lasting consequences on consumer habits, with nearly half of Australians expecting the coming years to lead to a heavy financial burden.

 

 

The Australian

Page 1: Nearly 10 per cent of Australia’s aspiring teachers are failing to meet basic literacy and numeracy standards, a significant deterioration in four years.

Page 3: The Family Court Chief Justice is at odds with two of his colleagues as to whether a judge and barrister who met for drinks and coffee and exchanged “numerous” text messages while a case was under way was grounds for ordering a retrial of a protracted family law dispute.

Page 4: The construction sector is set to lose about 140,000 jobs over the next two years, new forecasts reveal, with the losses to be most keenly felt in Victoria where its building labour force faces an 18 per cent contraction.

Page 13: One of the nation’s most senior investment bankers says Australia must seize the opportunity presented by the COVID-19 pandemic to urgently diversify the economy, shifting away from its reliance on commodity exports, while warning that iron ore prices are likely to fall in the future as China develops new sources of supply.

Public service workers and military super fund members are rushing to withdraw their superannuation for a second time, despite the government’s COVID-19 early release scheme applying only to those who have been financially affected by the pandemic.

Page 19: Australia’s commercial television industry contributed $2.3bn to the economy last year but fears for its future if the federal government doesn’t urgently overhaul archaic regulation.

 

 

The West Australian

Page 2: The sale of two massive cattle stations by one of WA’s most prominent pastoral families is set to mark the biggest Pilbara land deal in five years.

Page 5: Mining giants are in talks with WA authorities about creating FIFO travel bubbles if the State’s borders stay shut.

Page 9: The City of Perth has tightened up its vetting process for voter enrolments ahead of the October elections in the wake of concerns surrounding fake leases in past races.

Page 10: Baby percentile birthweight charts are significantly underestimating the number of underweight babies and urgently need to be revised, researchers have found.

Page 12: More than 131 tonnes of illicit tobacco has been seized in Australia in the past financial year, with crooks trying to dodge $171 million in tax.

Business: A rush towards safe-bet investments amid the global pandemic chaos and the convenience and popularity of digital trading platforms are fuelling a huge rise in the number of young investors tapping into the booming gold market.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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