13/10/2020 - 06:52

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13/10/2020 - 06:52

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Unions agree to ‘wage theft’ deal in IR talks.

Unions agree to ‘wage theft’ deal in IR talks

Bosses who inadvertently underpay their workers then discover the error would be able to pay them back without penalty or a legal process, under a concession by the ACTU during negotiations on industrial relations reform. The Fin

‘Goliath’ Rio blasted for Juukan disaster

The Aboriginal group at the centre of the nation’s biggest mining controversy has described “nine days of absolute hell trying to save this place” as it fought to stop Rio Tinto blasting ancient caves in WA. The West

New COVID-19 cases prompt Filipino ban

Filipino shipping crews will be barred from the bulk ore carriers operated by major mining companies after six more COVID-19 cases were recorded aboard the Vega Dream, currently stranded off Port Hedland. The West

Cyber criminals are renting out malware, expert warns

International cyber criminals have embraced a ‘‘franchise’’ model and are selling malware to other attackers who then target businesses and individuals demanding ransom payments, the Coalition government’s top cyber security adviser says. The Fin

OECD tries to hammer out a digital tax fix

The push to find a uniform global way to tax tech giants such as Facebook, Google and Amazon is inching forward but still sits on a knife-edge, the Organisation for Economic Cooperation and Development has warned. The Fin

CBH plans to build mega fertiliser storage facility

CBH has unveiled plans to build a $50 million fertiliser terminal next to its Kwinana Grain Terminal and expand its product range to include liquid urea ammonium nitrate. The West

Australia high on China import list

Australia is poised to overtake the US to become China’s fourth largest importer, despite years of strained political relations and Donald Trump’s claim to have won a trade war against the rising power. The Aus

US fund giant puts heat on AGMs

One of the largest pension funds in the world has flexed its muscles with Australian corporates on climate issues, heaping pressure on the nation’s biggest mining and energy companies to take action to tackle the climate crisis. The Aus

Empire strikes liquids in NT well

Explorer Empire Energy has raised the pulses of those watching the quest for large-scale unconventional oil and gas resources in the Northern Territory, reporting that its first well has found gas with a much higher content of potentially lucrative liquids than expected. The Fin

Mincor’s ready to ride wave

The company on the cusp of joining the ranks of Australia’s nickel producers has described the reawakening of Kambalda’s nickel mines as the “third wave for nickel mining” in the Goldfields town. The West

 

 

The Australian Financial Review

Page 1: Gladys Berejiklian has rejected calls for her to resign as NSW Premier after revealing a close personal relationship with a disgraced former Liberal MP at the centre of a state corruption probe.

Page 3: The corporate watchdog is investigating potential misleading conduct and inside information in Australia’s bond market, including the $350 billion semi bond market where state governments are ramping up their debt requirements.

Page 6: Bosses who inadvertently underpay their workers then discover the error would be able to pay them back without penalty or a legal process, under a concession by the ACTU during negotiations on industrial relations reform.

Page 7: International cyber criminals have embraced a ‘‘franchise’’ model and are selling malware to other attackers who then target businesses and individuals demanding ransom payments, the Coalition government’s top cyber security adviser says.

Page 11: The push to find a uniform global way to tax tech giants such as Facebook, Google and Amazon is inching forward but still sits on a knife-edge, the Organisation for Economic Cooperation and Development has warned.

Page 12: The second-largest shareholder in Link Group says a $5.20 per share indicative offer made by a private equity consortium of Carlyle Group and Pacific Equity Partners is too cheap and symptomatic of a looming rush of opportunistic buyout offers likely to be made in the economic downturn.

Individual investors and market participants have blasted the Australian Securities Exchange after technical problems and perceived design flaws in its new website blocked access to crucial information in the middle of shareholder meeting season.

Page 14: Explorer Empire Energy has raised the pulses of those watching the quest for large-scale unconventional oil and gas resources in the Northern Territory, reporting that its first well has found gas with a much higher content of potentially lucrative liquids than expected.

Traditional owners of Juukan Gorge say they are upset by Fortescue Metals Group’s attempt to secure a mining lease over a portion of iron-rich land that Rio Tinto agreed to leave undisturbed until the dust had settled on this year’s cultural heritage scandal.

Page 15: Northern Star Resources expects to make its presence felt in North America once it finishes absorbing Saracen Mineral Holdings through a $5.97 billion offer set to make it the world’s sixth-biggest gold miner.

Page 16: The cocooning trend fuelling record growth in homewares sales is structural rather than cyclical and is likely to last for years, says Freedom Furniture chief executive Blaine Callard.

Page 18: When Apple launches as many as four new iPhones later this week, the question will not be how high will it dare take its new prices, but rather how low will it go, analysts say.

 

 

The Australian

Page 1: Clive Palmer’s flagship private company Mineralogy has paid the fees for his United Australia Party candidates to stand in the Queensland election, with one third of those running either employees or relatives.

Page 2: ACTU secretary Sally McManus has broken her silence over the Coalition’s proposed industrial relations changes, expressing alarm that employers are trying to convince the government to back “dangerous” changes that would cut workers’ pay and conditions.

Australia is poised to overtake the US to become China’s fourth-largest importer, despite years of strained political relations and Donald Trump’s claim to have won a trade war against the rising power.

Page 10: A Russian-brokered ceasefire between Armenia and Azerbaijan has failed to hold, with both sides accusing the other of deliberately shelling civilian areas and escalating two weeks of clashes.

Page 15: One of the largest pension funds in the world has flexed its muscles with Australian corporates on climate issues, heaping pressure on the nation’s biggest mining and energy companies to take action to tackle the climate crisis.

Page 17: Australia Post spent almost $120,000 over two months on an external public relations firm ahead of chief executive Christine Holgate and other executives being grilled at a Senate inquiry about changes to its community service obligations.

Page 18: Shares in explosives manufacturer Orica sank more than 3 per cent on Monday after the company downgraded profit expectations on the back of a coronavirus crisis hit to its markets in South America and the developing world, and announced a $170m in likely impairments for the year.

 

 

The West Australian

Page 5: Google has admitted it failed to tell millions of Australians about privacy policy changes when it sought their permission to use personal information to allegedly target ads with greater precision.

Page 7: Filipino shipping crews will be barred from the bulk ore carriers operated by major mining companies after six more COVID-19 cases were recorded aboard the Vega Dream, currently stranded off Port Hedland.

WA’s “populist” hard border has created an “inflated sense of security” and prevented the State from taking other steps to handle another outbreak of coronavirus.

Page 9: The Esperance community wants Mark McGowan to visit the town and listen to their pleas to deploy drum lines, after last week’s fatal attack.

Business: The Aboriginal group at the centre of the nation’s biggest mining controversy has described “nine days of absolute hell trying to save this place” as it fought to stop Rio Tinto blasting ancient caves in WA.

The WA regulatory body responsible for Crown Perth’s licence will “consider its position” in relation to the venue after the NSW inquiry into the casino operator is finished.

Northern Star Resources executive chairman Bill Beament says he has never been more optimistic on the price of gold.

Jim Walker used his first speech as chairman at the annual Diggers & Dealers Mining Forum to spruik the critical role mining has played in powering the nation through the coronavirus pandemic.

The company on the cusp of joining the ranks of Australia’s nickel producers has described the reawakening of Kambalda’s nickel mines as the “third wave for nickel mining” in the Goldfields town.

CBH has unveiled plans to build a $50 million fertiliser terminal next to its Kwinana Grain Terminal and expand its product range to include liquid urea ammonium nitrate.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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