22/01/2021 - 06:52

Morning Headlines

22/01/2021 - 06:52

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Morning Headlines

Miners sell elsewhere as China shuts door on Aussie copper

China appears to have added copper to its list of banned Australian products but miners looking to other markets are having no trouble finding buyers. The Fin

Biden orders end of Trump era

Joe Biden kicked off his presidency by obliterating a vast swath of Trump administration measures within hours, even as he steeled his team for a series of bruising fights with business over the economy, starting with a $US15 minimum wage and tax increases. The Fin

China back in the mix for Woodside’s Scarborough LNG

Chinese LNG importers have reengaged with Woodside Petroleum on potential long-term purchasing deals for offtake from the $16 billion Scarborough project in Western Australia as appetite for new contracts sharpens amid a super-tight spot market. The Fin

Jobs recovery betters expectations

More than 90 per cent of jobs lost in the COVID-19 crisis had been regained at a pace faster than economists expected, potentially easing the need of the Reserve Bank of Australia to extend its $100 billion quantitative easing policy. The Fin

Tourism firms call for sector aid package

As many as one in five businesses in Australia’s $50 billion tourism industry could fail in 2021, with operators and advocates pushing the Morrison government to extend temporary wage assistance. The Fin

Forrest ropes in top navy officer for ‘bioshield’ goal

Andrew Forrest has recruited the highranking navy officer who was leading Operation Sovereign Borders to the ranks of his philanthropic Minderoo Foundation as it looks to fire-proof Australia. The Fin

Vicinity Centres’ $570m hit

Shopping centre owner Vicinity Centres has taken a $570 million hit on the value of its 60 directly owned retail properties, with CBD centres the most impacted after COVID-19 lockdowns. The West

Virgin will collapse, said Rex in pitch

Regional Express (Rex) told potential investors it expected Virgin Australia to collapse completely, allowing the rural carrier to grab a third of the domestic air travel market, as it sought a $200 million capital injection last year. The Fin

‘Super majors’ in Oakajee contention

Global energy groups have answered the State Government’s call to look over a plan to develop an export-based renewable hydrogen industry at Oakajee, north of Geraldton. The West

 

 

The Australian Financial Review

Page 1: Joe Biden kicked off his presidency by obliterating a vast swath of Trump administration measures within hours, even as he steeled his team for a series of bruising fights with business over the economy, starting with a $US15 minimum wage and tax increases.

Page 2: China appears to have added copper to its list of banned Australian products but miners looking to other markets are having no trouble finding buyers.

Page 3: More than 90 per cent of jobs lost in the COVID-19 crisis had been regained at a pace faster than economists expected, potentially easing the need of the Reserve Bank of Australia to extend its $100 billion quantitative easing policy.

Page 4: Australia’s eSafety Commissioner, Julie Inman Grant, told big tech platforms they must do more to tackle problems caused by anonymous accounts on their services, ahead of the proposed introduction of new powers that could force individuals to be unmasked and have fines levied.

Page 5: As many as one in five businesses in Australia’s $50 billion tourism industry could fail in 2021, with operators and advocates pushing the Morrison government to extend temporary wage assistance.

Page 9: Andrew Forrest has recruited the high-ranking navy officer who was leading Operation Sovereign Borders to the ranks of his philanthropic Minderoo Foundation as it looks to fire-proof Australia.

Page 17: Chief executives of Australian companies with substantial businesses in the United States are ready to take advantage of a steadier approach under new President Joe Biden, which will be a building block of an eventual robust and extended economic recovery.

Chinese LNG importers have reengaged with Woodside Petroleum on potential long-term purchasing deals for offtake from the $16 billion Scarborough project in Western Australia as appetite for new contracts sharpens amid a super-tight spot market.

Cleanaway Waste Management was pummelled by investors yesterday after chief executive Vik Bansal resigned in a ‘‘mutually agreed’’ decision with the board, after a deluge of allegations about a ‘‘culture of bullying and harassment’’ under his leadership.

Page 21: Regional Express (Rex) told potential investors it expected Virgin Australia to collapse completely, allowing the rural carrier to grab a third of the domestic air travel market, as it sought a $200 million capital injection last year.

 

 

The Australian

Page 1: Australia’s universities have been warned by new Education Minister Alan Tudge that it will be “very difficult” to get significant numbers of foreign students back on campus this year, amid fears the COVID-ravaged sector will lose up to $10bn from the closed international border.

Page 6: Fortescue Metals chairman Andrew Forrest is pitching hydrogen energy as Australia’s renewable energy future, predicting it could become a $US12 trillion ($15.5 trillion) global industry with the right policies.

Page 8: In Jakarta, Indonesia’s sprawling capital of more than 10 million people, it is manifesting as a desperate, daily search by families with critically ill relatives for vacant intensive care beds that no longer exist.

Page 15: Economists are redrawing their expectations for the pace of the economic recovery after jobs data for December came in better than expected, with Australians having recouped 90 per cent of the jobs lost through the COVID crisis.

Page 18: South32 chief executive Graham Kerr has confirmed the company is set to walk away from the development of the Eagle Downs coking coal mine in Queensland, saying the time is not right to build the high-grade metallurgical coal mine.

 

 

The West Australian

Page 5: Optus Stadium will today become Australia’s first 5G smart stadium.

Page 6: Ninety per cent of the rough sleepers at Fremantle’s tent city are genuinely homeless, a leaked document has revealed.

Page 14: The deaths of two western suburbs aged-care residents, who were allegedly subjected to horrific neglect and abuse by staff, are being investigated by WA Police major crime squad.

Page 16: Fewer than 10 West Australians have signed up to the Federal Government’s farm relocation program, which offers applicants up to $6000 to move to the regions to pick fruit.

Business: Global energy groups have answered the State Government’s call to look over a plan to develop an export-based renewable hydrogen industry at Oakajee, north of Geraldton.

Shopping centre owner Vicinity Centres has taken a $570 million hit on the value of its 60 directly owned retail properties, with CBD centres the most impacted after COVID-19 lockdowns.

The State’s peak business body has used the start of the Biden administration to call for the establishment of a trade and investment office in the US, arguing it will help boost WA’s economic recovery.

The McGowan Government will invest $1.6 million to fast-track approvals for WA mining projects as new applications surge.

Northern Star Resources boss Bill Beament says the company’s looming $16 billion merger with Saracen Mineral Holdings offers one of the greatest opportunities in the global gold sector.

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