21/12/2020 - 06:52

Morning Headlines

21/12/2020 - 06:52

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Bids roll in for Tropicana gold mine interest

Morning Headlines

Bids roll in for Tropicana gold mine interest

Australian miners are putting forward first-round bids on Monday for IGO’s $1bn-odd stake in the Tropicana gold mine in Western Australia. The Aus

Coal export earnings set to sink by $5b

The federal government has revised its thermal coal export estimates for this financial year down by 9 million tonnes off the back of restrictions on coal trade with China and is tipping export earnings to sink by $5 billion. The Fin

Iron ore and gold cash to keep rolling in

Export earnings from two key WA commodities, iron ore and gold, are set to break records this financial year, according to Federal Government forecasts. The West

States to Sydney: You’re barred

Sydney has been cut off by all the states after 30 new virus cases were identified on the city’s northern beaches, prompting tighter social distancing rules, throwing Christmas plans into disarray and forcing the closure of thousands of businesses during the busiest trading time of the year. The Fin

Tax office to review rejected JobKeeper bids

The Australian Taxation Office will reconsider rejected applications for the $90 billion JobKeeper program and business cashflow payments after the independent ombudsman found some firms could have been unfairly denied coronavirus assistance. The Fin

New world of trade deals to offset ‘unfair’ China

Australia will pursue trade agreements with Israel, Switzerland, Norway, Middle East and Latin American nations next year to open up new markets amid China’s “unfair, unjust and unwarranted” targeting of exporters. The Aus

Renewables cutting power bills

Households can expect to be paying about $120, or 9 per cent, less for electricity in 2023 than they do today thanks to falling gas prices and cheaper renewable power, but the closure of the Liddell coal-fired power plant means NSW residents will enjoy only a fractionally lower energy bill. The Aus

Small retailers count the costs of high BNPL fees

On Monday Afterpay will be officially welcomed into the top 20 listed companies in Australia, now worth over $30bn. The Aus

Travellers still owe WA $5.1m hotel bills

The McGowan Government is trying to claw back more than $5 million from travellers who have yet to pay their COVID hotel quarantine bills. The West

Back in business: Morale rides on resources sector’s coat tails

Business confidence in WA’s economy has soared to its highest level in 13 years, with skill shortages now cited as a bigger barrier to growth than the threat of a coronavirus outbreak. The West

 

The Australian Financial Review

Page 1: Sydney has been cut off by all the states after 30 new virus cases were identified on the city’s northern beaches, prompting tighter social distancing rules, throwing Christmas plans into disarray and forcing the closure of thousands of businesses during the busiest trading time of the year.

Page 7: The Australian Taxation Office will reconsider rejected applications for the $90 billion JobKeeper program and business cashflow payments after the independent ombudsman found some firms could have been unfairly denied coronavirus assistance.

Page 14: According to ASIC’s compensation figures for poor financial advice and fees for no service, the regulator outlines the remediation programs of six big Australian institutions: AMP, ANZ, Commonwealth Bank, Macquarie, National Australia Bank and Westpac.

Page 15: The federal government has revised its thermal coal export estimates for this financial year down by 9 million tonnes off the back of restrictions on coal trade with China and is tipping export earnings to sink by $5 billion.

Page 16: The former head of the Sydney Futures Exchange, Les Hosking, says he has been coaxed out of retirement to help launch an exchange for low carbon energy and environmental futures contracts.

 

The Australian

Page 1: Australia will pursue trade agreements with Israel, Switzerland, Norway, Middle East and Latin American nations next year to open up new markets amid China’s “unfair, unjust and unwarranted” targeting of exporters.

Page 2: Households can expect to be paying about $120, or 9 per cent, less for electricity in 2023 than they do today thanks to falling gas prices and cheaper renewable power, but the closure of the Liddell coal-fired power plant means NSW residents will enjoy only a fractionally lower energy bill.

Page 6: Australian Industry Group’s business outlook for 2020 and 2021, compiled from 1900 business reports between March and November, found 84 per cent of firms continued experiencing negative impacts because of the coronavirus pandemic.

Page 7: The first encryption technology designed to stop rogue states stealing national and business secrets by exploiting the next generation of super computers has been developed by Australian experts.

Page 14: Australian miners are putting forward first-round bids on Monday for IGO’s $1bn-odd stake in the Tropicana gold mine in Western Australia.

Page 18: On Monday Afterpay will be officially welcomed into the top 20 listed companies in Australia, now worth over $30bn.

 

The West Australian

Page 4: The McGowan Government is trying to claw back more than $5 million from travellers who have yet to pay their COVID hotel quarantine bills.

Page 6: Business confidence in WA’s economy has soared to its highest level in 13 years, with skill shortages now cited as a bigger barrier to growth than the threat of a coronavirus outbreak.

Page 19: The Federal Government will launch a platform to ensure foreign investors buying residential real estate in Australia are complying with rules, which from January include tough extra penalties.

Page 34: Association of Mining and Exploration Companies chief executive Warren Pearce and former Rio Tinto and Fortescue Metals Group executive and China expert Philip Kirchlechner argue the Federal Government needs to change its signalling around foreign investment in Australia by the Chinese.

Page 35: Export earnings from two key WA commodities, iron ore and gold, are set to break records this financial year, according to Federal Government forecasts.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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