21/01/2021 - 06:53

Morning Headlines

21/01/2021 - 06:53

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Morning Headlines

Aussie uni recruiting firm hides CCP links

A Perth-based migration and recruitment company secretly advertising its links to the Chinese Communist Party has intelligence specialists concerned it may be operating as a talent recruitment hub for Beijing. The Aus

Labourer boom is just the job

Demand for labourers has skyrocketed as building companies rapidly expand on the back of government incentives that are also helping fuel near-record lending by WA homeowners. The West

Remus shut out of Senegal as Woodside buys FAR’s 14pc stake

Woodside Petroleum cemented its controlling position in its $5.5 billion oil project in Senegal, doing a deal to buy out the stake held by cash-strapped FAR Ltd as a little known investment group targets the junior partner in a takeover. The Fin

BHP eases record iron ore export rate

BHP will not be able to sustain its record iron ore export rate in the next six months, in a signal that extremely high iron ore prices are unlikely to be dragged down by extra supply from Western Australia. The Fin

Digital code breaks trade deal, says US

A powerful coalition of American government and business organisations attacked the government’s crackdown on Facebook and Google, saying it discriminates against Silicon Valley technology giants and breaches the Australia-US Free Trade Agreement. The Fin

‘Ever changing goalposts’ put flights at risk

International airlines are pushing for a more active role in negotiating passenger caps and being part of creating a road map to reopen Australia’s borders – or some fear continuing to fly to here could become untenable. The Fin

AUSTRAC let banks walk over drug cartel money

Financial intelligence regulator AUSTRAC opted not to pursue enforcement action against Australian banks that laundered money on behalf of South American cocaine cartels, saying court action and financial penalties are just some of the tools it has used to encourage compliance with the law. The Fin

Incitec could yield rich harvest from fertiliser

Incitec Pivot’s decision to hold on to its fertiliser division appears to be paying off for the $5bn Australian listed industrial company with it expected to stage a standout performance in the year to June. The Aus

Child care woes costing families

West Australian families are missing out on earning an extra $11,000 a year due to the rigid and expensive childcare sector. The West

Chinese relations could be on mend

WA’s business community will be looking to the nation’s Federal leaders to “take the front foot” and improve Australia’s relations with China as the new US administration begins. The West

 

 

The Australian Financial Review

Page 1: A powerful coalition of American government and business organisations attacked the government’s crackdown on Facebook and Google, saying it discriminates against Silicon Valley technology giants and breaches the Australia-US Free Trade Agreement.

Page 2: State governments should give TAFEs autonomy over industrial relations to get better value for the $6.4 billion in taxpayers’ money that pours into the training sector, which remains so divided and unco-ordinated that one former managing director of NSW TAFE described conditions as ‘‘archaic’’.

Page 3: Scott Morrison praised retailers for handing back coronavirus wage subsidies, warning firms not to take advantage of taxpayers’ cash while banking strong sales from people stuck at home.

Page 4: International airlines are pushing for a more active role in negotiating passenger caps and being part of creating a road map to reopen Australia’s borders – or some fear continuing to fly to here could become untenable.

Page 13: Hydro Tasmania has struck the first ever deal for the trade of stored energy, introducing a new type of financial contract that is expected to be popular with electricity retailers wanting to handle escalating price risk and should also help spur new pumped hydro projects.

Financial intelligence regulator AUSTRAC opted not to pursue enforcement action against Australian banks that laundered money on behalf of South American cocaine cartels, saying court action and financial penalties are just some of the tools it has used to encourage compliance with the law.

Page 15: BHP will not be able to sustain its record iron ore export rate in the next six months, in a signal that extremely high iron ore prices are unlikely to be dragged down by extra supply from Western Australia.

Page 16: Supermarket sales growth is likely to remain elevated long after coronavirus lockdowns, underpinning another year or two of strong earnings growth at Woolworths, Coles and Metcash, says investment bank Jarden.

Page 17: Woodside Petroleum cemented its controlling position in its $5.5 billion oil project in Senegal, doing a deal to buy out the stake held by cash-strapped FAR Ltd as a little known investment group targets the junior partner in a takeover.

 

 

The Australian

Page 1: Scott Morrison has struck a two-year deal with large east-coast LNG exporters to offer uncontracted gas first to Australian companies, in a bid to keep prices down and lower costs for manufacturers as part of the government’s COVID-19 recovery plan.

Page 3: A Perth-based migration and recruitment company secretly advertising its links to the Chinese Communist Party has intelligence specialists concerned it may be operating as a talent recruitment hub for Beijing.

Page 4: A majority of Australians are opposed to Google’s “disturbing” news experiments in which the tech giant has buried local news links, new research has found.

An executive at a major resources company has said young people are being “heckled” at universities if they study mining-related degrees, as Scott Morrison hailed the sector for keeping Australia’s economy ticking during the COVID-19 pandemic.

Page 13: IFM Investors, the $158bn money manager owned by the industry superannuation sector, sin-binned Westpac over the Austrac money-laundering scandal and is continuing to restrict its exposure to the bank’s bonds.

Page 14: Incitec Pivot’s decision to hold on to its fertiliser division appears to be paying off for the $5bn Australian listed industrial company with it expected to stage a standout performance in the year to June.

 

 

The West Australian

Page 3: West Australian families are missing out on earning an extra $11,000 a year due to the rigid and expensive childcare sector.

Page 10: Liberal leader Zak Kirkup is accusing Labor of being behind targeted attacks on his office — claiming his political opponents were “going too far” with their dirty tricks.

Cricket Australia will refer to next week’s Big Bash extravaganza as “January 26” rather than “Australia Day”, after consulting Indigenous leaders.

Business: WA’s business community will be looking to the nation’s Federal leaders to “take the front foot” and improve Australia’s relations with China as the new US administration begins.

Demand for labourers has skyrocketed as building companies rapidly expand on the back of government incentives that are also helping fuel near-record lending by WA homeowners.

Border restrictions after coronavirus clusters in various States have dented confidence in the Australian economy, which has been recovering gradually from the virus ordeal of last year.

Pilbara Minerals has completed the timely acquisition of the Altura lithium project in the Pilbara, saying it will keep the shuttered operation on care and maintenance until it formulates a strategy for the integration of the mine into its neighbouring Pilgangoora project.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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