19/01/2021 - 06:49

Morning Headlines

19/01/2021 - 06:49

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Morning Headlines

Forrest’s ordeal: caught COVID-19 in Uzbekistan, treated in Swiss hospital

Andrew Forrest contracted the potentially deadly COVID-19 virus while globe-hopping in pursuit of renewable energy projects for his Fortescue Metals Group and spent several days in a Swiss hospital receiving high-level care. The Fin

Chinese bid for Tropicana gold mine adds political dimension

Several Australian miners are now believed to be carrying out due diligence on the Tropicana gold mine, ahead of the deadline for second-round bids due by early March. The Aus

JB Hi-Fi profit soars in shock retail bonanza

JB Hi-Fi chief executive Richard Murray is in the midst of a retail boom, joining CEOs such as Gerry Harvey from Harvey Norman and billionaire rag trader Solomon Lew to forge super profits in an economy propped up by a heady mix of government stimulus and personal savings. The Aus

Power player faces second grilling over Musk

Power Ledger founder Jemma Green must face a new round of cross-examination after she belatedly disclosed emails relating to rumours of billionaire American investor Elon Musk being interested in her group. The West

China GDP to help drive local growth

China will anchor an Asia-wide economic recovery this year, after growth in the world’s second-largest economy accelerated in the last quarter of 2020 by a better-than-expected 6.5 per cent, amid easier monetary policy and increased investment in infrastructure that has boosted demand for Australian iron ore. The Fin

WA childcare costs rocket

WA parents are being slugged with childcare price hikes nearly double the national average. The WEst

ATO says it has found $143m in undeclared tax

An Australian Taxation Office investigation sparked by one of the biggest leaks of confidential financial information has led to more than $140 million in new liabilities, with a small number of criminal investigations continuing. The Fin

Double vaccine rollout in plan to defeat Covid

The nation’s top scientific advisers could recommend the rollout of a second round of immunisations to achieve herd immunity if the original vaccine program fails to control the spread of COVID-19. The Aus

LNG sales take $12.6b hit despite record exports

Surging renewable energy helped lift Australia’s LNG exports to a record last year as increased use of wind and solar power freed up gas that would otherwise be used in power generation, according to consultancy EnergyQuest. The Fin

 

 

The Australian Financial Review

Page 1: China will anchor an Asia-wide economic recovery this year, after growth in the world’s second-largest economy accelerated in the last quarter of 2020 by a better-than-expected 6.5 per cent, amid easier monetary policy and increased investment in infrastructure that has boosted demand for Australian iron ore.

The purple patch enjoyed by retailers of home entertainment and office electronics, furniture and leisure equipment such as four-wheel-drive accessories and camping gear could last another year after advice that international borders may not reopen until 2022.

Page 3: An Australian Taxation Office investigation sparked by one of the biggest leaks of confidential financial information has led to more than $140 million in new liabilities, with a small number of criminal investigations continuing.

Page 7: Jobs are booming in major sectors of the economy, despite the virus-induced recession inflicting employment losses on more than 100,000 Australians.

Page 8: Taxpayers have already sunk almost $1.7 billion on the French-designed future submarine program amid the Defence Department’s ongoing frustration with Naval Group over missed deadlines and cost blowouts.

Page 13: Private equity player CPE Capital has lobbed a $2.5 billion buyout proposal for waste management group Bingo Industries.

Page 14: Patrick Grove’s Catcha Group has bankrolled online alcohol retailer Boozebud’s management buyout and is backing plans to float the business as early as this year.

Page 15: Surging renewable energy helped lift Australia’s LNG exports to a record last year as increased use of wind and solar power freed up gas that would otherwise be used in power generation, according to consultancy EnergyQuest.

 

 

The Australian

Page 1: The nation’s top scientific advisers could recommend the rollout of a second round of immunisations to achieve herd immunity if the original vaccine program fails to control the spread of COVID-19.

The Trump administration has called on the Morrison government to drop its plans to force Google and Facebook to pay for news, with US government trade officials urging Australia to abandon the mandatory media bargaining code and instead develop a voluntary code of conduct.

Page 2: A growing number of corporate leaders are urging Australian diplomats to get “their hands dirty” and do more to scout out alternative trade markets to China, declaring there has never been a more important time to secure new global partners for Australian businesses.

Page 13: JB Hi-Fi chief executive Richard Murray is in the midst of a retail boom, joining CEOs such as Gerry Harvey from Harvey Norman and billionaire rag trader Solomon Lew to forge super profits in an economy propped up by a heady mix of government stimulus and personal savings.

Page 14: Several Australian miners are now believed to be carrying out due diligence on the Tropicana gold mine, ahead of the deadline for second-round bids due by early March.

Page 15: The price of used cars jumped by more than a third last year as COVID and money-conscious Australians traded the bus for a cheaper and safer option — but prices are set to fall this year.

 

 

The West Australian

Page 3: WA parents are being slugged with childcare price hikes nearly double the national average.

Page 4: Treasurer Josh Frydenberg has ruled out making any changes to the split of GST that would unwind the reforms WA successfully campaigned for in 2018.

Page 12: Netflix is expected to reveal today that it has amassed more than 200 million subscribers.

Page 14: The Nationals are “open” to preferencing Labor over the Liberals at the State election, according to a party candidate in another sign of the deepening rift between the conservative parties.

Business: WA live sheep export volumes fell almost 40 per cent last year to their lowest levels in recent history, amid tougher regulatory export requirements and rising sheep prices.

Power Ledger founder Jemma Green must face a new round of cross-examination after she belatedly disclosed emails relating to rumours of billionaire American investor Elon Musk being interested in her group.

Perth Glory boss Tony Sage has failed to stop members of a Federal crimes task force working through thousands of documents seized in raids on his home and offices.

Perth-listed bio-tech Strategic Elements has started this year with a boom, with shares in the company surging off the back of its work with printable electronics and self-charging batteries.

Japanese-owned mineral sands producer Doral has been given a conditional environmental nod to develop the Yalyalup project about 11km south-east of Busselton.

Shares in Great Boulder Resources rallied 20 per cent yesterday after the explorer reported promising gold hits from a maiden drilling program at its Blue Poles prospect, part of its broader Whiteheads project north of Kalgoorlie.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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