13/08/2020 - 06:48

Morning Headlines

13/08/2020 - 06:48

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Magnate in double play to keep $30b claim and engage border brinkmans

Morning Headlines

Magnate in double play to keep $30b claim and engage border brinkmans

Clive Palmer has launched legal action in the NSW Supreme Court in a last-ditch bid to preserve his shot at extracting damages totalling up to $30 billion from the WA Government. The West

Resilient CBA upbeat on recovery

Commonwealth Bank chief executive Matt Comyn is confident about the prospect of an Australian recovery, saying he is buoyed by the capital strength of the bank, the nation’s economic position and the resilience of borrowers as customers who froze loans when the COVID-19 crisis hit resume making repayments. The Fin

$98m hotel set for approval

Cockburn Central’s transformation into a vibrant southern suburbs hub is about to take another step forward, with a $98 million hotel and apartments development recommended to get the green light. The West

Meet cyber security rules ‘or pay price’

Companies supplying crucial goods such as medicines would have to build up stockpiles in case a cyber attack knocked out their production or distribution, under proposed government-mandated requirements.

Business can’t play safe, says job site’s Bassat

The worst is yet to come for job losses in Australia due to the COVID-19 pandemic unless government and industry invest more to stimulate the economy,’’ SEEK chief executive Andrew Bassat has warned. The Fin

Limits set for superfast 5G spectrum

Telstra, Optus and TPG will be allowed to bid for up to 40 per cent of the super-fast 5G millimetre wave spectrum when the long-anticipated auction takes place in March next year, the federal government has revealed. The Fin

Downer plans to resume dividends after $150m loss

Contractor Downer EDI plans to resume paying dividends again this financial year after reporting a $150.3 million annual loss. The Fin

Scaffidi says she has no case to answer

Ousted former City of Perth lord mayor Lisa Scaffidi says after “being called corrupt for the past two years” there were no serious accusations levelled against her in the long-awaited independent inquiry findings into the dysfunctional council. The West

Gupta’s South32 smelter swoop

Sanjeev Gupta is set to expand his Australian empire again, with the British metals magnate set to acquire South32’s troubled manganese smelter in Tasmania. The Aus

Safe WA is a selling point

WA’s returning sons and daughters are helping to stabilise the State’s housing market, with the flood of people coming back to the safety of WA helping to quell fears of a property plunge. The West

 

 

The Australian Financial Review

Page 1: Commonwealth Bank chief executive Matt Comyn is confident about the prospect of an Australian recovery, saying he is buoyed by the capital strength of the bank, the nation’s economic position and the resilience of borrowers as customers who froze loans when the COVID-19 crisis hit resume making repayments.

The fallout from the COVID-19 pandemic has decimated profits at some of the ASX’s blue-chip companies previously considered safe havens because of the dominant position they hold in their industries.

Page 3: New Zealand, hailed as a global example of how to eradicate the coronavirus through harsh lockdowns, was yesterday dealing with a new COVID-19 outbreak that was likely to derail any ‘‘travel bubble’’ with Australia and other South Pacific countries this year.

Page 7: Billionaire Clive Palmer says the West Australian government’s move to use an emergency law to shield itself from a multibillion-dollar damages payout over a stalled iron ore project is doomed to fail.

Page 8: Companies supplying crucial goods such as medicines would have to build up stockpiles in case a cyber attack knocked out their production or distribution, under proposed government-mandated requirements.

Page 11: Commonwealth Bank says it considers 16,200 of its 135,000 home loan customers with paused repayments are at ‘‘higher risk’’ of defaulting and will urge them to shift on to interest-only terms when the coronavirus grace period ends in October.

Page 13: The worst is yet to come for job losses in Australia due to the COVID-19 pandemic unless government and industry invest more to stimulate the economy,’’ SEEK chief executive Andrew Bassat has warned.

Page 16: Contractor Downer EDI plans to resume paying dividends again this financial year after reporting a $150.3 million annual loss.

Page 19: Telstra, Optus and TPG will be allowed to bid for up to 40 per cent of the super-fast 5G millimetre wave spectrum when the long-anticipated auction takes place in March next year, the federal government has revealed.

 

 

The Australian

Page 1: West Australian Premier Mark McGowan has warned the state faces bankruptcy if it is unable to pass unprecedented legislation aimed at killing off a $30bn legal claim from billionaire Clive Palmer.

Page 3: The High Court has been asked to decide whether the fact a judge and barrister were in “secret” contact, meeting for coffee and drinks and communicating by phone and text message, while a case was under way should have prompted a retrial of a protracted family law dispute.

Page 6: The franchise industry has called for the scrapping of weekend and evening penalty rates and higher penalties for employers repeatedly contravening workplace laws, saying the COVID-19 pandemic can be used to “shift the paradigm” on industrial relations.

Page 13: Sanjeev Gupta is set to expand his Australian empire again, with the British metals magnate set to acquire South32’s troubled manganese smelter in Tasmania.

Page 14: Prospective buyers of Singtel’s $2bn Optus mobile towers have started sizing up the portfolio of assets that are expected to shortly come up for sale and so far Axicom, Morrison and the Future Fund are understood to be among the potential buyers.

Page 16: Blue-chip companies and advisory firms are seeking to sublease space in key city towers as the coronavirus crisis hits home for corporate Australia.

Page 17: Australian share registry company Computershare backed its staff during the depths of the coronavirus pandemic, refusing to cut jobs because the technology company had “a social obligation” in times like these.

 

 

The West Australian

Page 3: The battle over Bell Group’s riches is set to end 32 years after the State Government helped Alan Bond grab the keys to a billion-dollar empire.

Page 4: Clive Palmer has launched legal action in the NSW Supreme Court in a last-ditch bid to preserve his shot at extracting damages totalling up to $30 billion from the WA Government.

Page 7: WA’s returning sons and daughters are helping to stabilise the State’s housing market, with the flood of people coming back to the safety of WA helping to quell fears of a property plunge.

Page 8: Cockburn Central’s transformation into a vibrant southern suburbs hub is about to take another step forward, with a $98 million hotel and apartments development recommended to get the green light.

Page 12: A former Liberal MP who once served on a parliamentary committee investigating the RSPCA is facing serious allegations of animal cruelty at his Wheatbelt farms.

Page 14: Ousted former City of Perth lord mayor Lisa Scaffidi says after “being called corrupt for the past two years” there were no serious accusations levelled against her in the long-awaited independent inquiry findings into the dysfunctional council.

Business: WA has recorded Australia’s lowest wages growth for the eighth consecutive quarter, taking full-year growth to just 1.6 per cent, according to new Australian Bureau of Statistics data.

Resources analysts believe the gold bull market remains intact despite a big sell-off of the precious metal overnight, with the price falling the most in seven years.

A legal bid by Habrok Mining to scuttle the refloat of Gascoyne Resources will be heard in the Federal Court later this month.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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