31/03/2021 - 06:57

Morning Headlines

31/03/2021 - 06:57

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Morning Headlines

$100,000 salaries plus perks to help fix WA’s house-building waiting list

Interstate brickies are being offered six-figure salaries and relocation payments to keep WA’s housing and building boom on track. The West

International students ‘won’t return until 2022’

International students will not return en masse to Australian campuses until the beginning of next year but individual universities can bring in students this year if chief health officers agree and safe quarantine quarters are provided. The Fin

Mineralogy bid to delay appeal over process fails

WA’s highest court has refused to delay an appeal by Clive Palmer after the billionaire claimed he needed more time to probe allegedly sinister activities by Chinese group CITIC. The West

School slams UWA Year 11 results plan

Top private school Christ Church Grammar has complained to the University of WA about its plan to offer early places for next year based on students’ Year 11 results — arguing it will heap more pressure on teens at a younger age. The West

Maggie Beer group in e-commerce buy

The Maggie Beer Holdings gourmet food products business has acquired fast-growing e-commerce company Hampers & Gifts Australia for $40 million to almost double in size and accelerate its push into online sales. The Fin

Bankers and regulators resist the surging house price alarm

Australia’s top bankers and their chief regulator are adamant rapidly rising house prices are not seeding financial risks that warrant lending curbs but have signalled borrowers’ incomes will be a key indicator for taking future action. The Fin

Grays valued as high as $458m ahead of float

Analysts at Shaw and Partners have ascribed a valuation to Grays Australia of between $374m and $458m ahead of its plans to head to the market as a listed company. The Aus

Cyber attacks the ‘biggest risk’ in sector

The banking sector’s leaders are working overtime to defend their systems from hackers amid an escalation in cyber attacks on institutions, their staff and customers. The Fin

Fix is on as banks ready to lift rates

Those who plan to fix mortgages should do so within months, after a major bank revealed fixed interest rates were likely to increase in the second half of the year. The West

Lithium mine’s profit dives

Weak lithium prices and a collapse in sales to co-owner and embattled Chinese lithium group Tianqi sent profit from WA’s Greenbushes lithium mine tumbling last year. The West

 

 

The Australian Financial Review

Page S1: Australia’s top bankers and their chief regulator are adamant rapidly rising house prices are not seeding financial risks that warrant lending curbs but have signalled borrowers’ incomes will be a key indicator for taking future action.

The banking sector’s leaders are working overtime to defend their systems from hackers amid an escalation in cyber attacks on institutions, their staff and customers.

Page 1: State border closures and the mass cancellation of flights could continue into Easter and beyond, with fears Brisbane’s lockdown may have to be extended and spread to the popular holiday destination of the Gold Coast after eight new local cases of COVID-19.

Page 3: International students will not return en masse to Australian campuses until the beginning of next year but individual universities can bring in students this year if chief health officers agree and safe quarantine quarters are provided.

Page 6: The federal government will invest $1 billion to build new missiles and guided weapons in Australia, in a bid to quell fears the military would quickly exhaust its supply of munitions during a conflict.

Australia could launch a specialist “space command” bringing together officers from the air force, army and navy, as the growing militarisation of space poses threats to satellites that are essential to everyday life as well as national security.

Page 11: Investors believe a full demerger is on the cards for Australia’s oldest energy utility after AGL Energy said it would hive off its huge coal power plants into a separate business.

Page 13: The Maggie Beer Holdings gourmet food products business has acquired fast-growing e-commerce company Hampers & Gifts Australia for $40 million to almost double in size and accelerate its push into online sales.

 

 

The Australian

Page 4: The virus that led to the explosion of COVID-19 in Wuhan, China, last year most likely originated in bats, according to the Australian member of the World Health Organisation team that investigated the outbreak.

Page 5: Telstra has been thrown out of Australia’s most elite group for leaders in reconciliation after admitting it signed up 108 Aboriginal and Torres Strait Islander people to post-paid phone deals they did not understand and could not afford.

Page 9: Media giant Nine Entertainment continues to be beset by major technical problems in the wake of Sunday’s cyber attack, with the company’s major newspapers carrying apologies for the “compromised” quality of its print editions and the network’s live TV shows struggling with ongoing logistic challenges.

Page 16: Analysts at Shaw and Partners have ascribed a valuation to Grays Australia of between $374m and $458m ahead of its plans to head to the market as a listed company.

Page 19: Ares Management, negotiating to buy AMP’s private markets arm, has warned that a potential deal may “materially differ” from an indicative offer and could be subject to conditions and structural considerations.

Page 21: About 5000 businesses are likely to fail over the next three months as the end of wage subsidies and debt moratoriums finally send socalled “zombie companies” over the edge.

 

 

The West Australian

Page 5: Western Australia has administered just 62 per cent of the COVID-19 vaccine doses to our most vulnerable and at-risk people — but that still leads the nation.

Page 6: Interstate brickies are being offered six-figure salaries and relocation payments to keep WA’s housing and building boom on track.

Page 7: Those who plan to fix mortgages should do so within months, after a major bank revealed fixed interest rates were likely to increase in the second half of the year.

Western Australia could host one of several missile manufacturing facilities around the country as part of a $1 billion sovereign guided weapons enterprise being supercharged by the Federal Government.

A mining contractor for BHP’s South Flank site in the Pilbara proposed a punishing 52-day on, four-day off roster for its Queensland workers when the COVID cluster loomed in Brisbane over the weekend.

Page 9: Anthony Albanese has declared he will be a prime minister for the people as he committed to gender pay equality, job security and prioritising the WA-heavy critical minerals sector.

Page 14: A Labor MP blasted the State Government over controversial designs for Bayswater station that resemble trestle tables.

Page 20: Top private school Christ Church Grammar has complained to the University of WA about its plan to offer early places for next year based on students’ Year 11 results — arguing it will heap more pressure on teens at a younger age.

Business: The Perth Mint has doubled down on an online campaign seeking to undermine the government-backed precious metals refiner as part of a global attempt by retail investors to squeeze the silver market and send prices higher.

Weak lithium prices and a collapse in sales to co-owner and embattled Chinese lithium group Tianqi sent profit from WA’s Greenbushes lithium mine tumbling last year.

Gold extended its biggest fall in more than three weeks as US President Joe Biden prepared to unveil big-spending plans after announcing major progress on rolling out vaccines.

Mincor Resources has officially opened its Cassini underground mine, heralding the start of a new chapter for the world-renowned Kambalda nickel district.

WA’s only accelerator program that invests in growth-stage startups has had a big corporate boost, with Australia’s biggest oil and gas company coming on board as a partner.

WA’s highest court has refused to delay an appeal by Clive Palmer after the billionaire claimed he needed more time to probe allegedly sinister activities by Chinese group CITIC.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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