22/04/2021 - 07:00

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22/04/2021 - 07:00

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Iron ore boom: Rudd calls for super profits tax on big miners

Australian iron ore miners are ripping off taxpayers amid buoyant commodity prices and should face the type of levy they successfully scuttled a decade ago, according to former prime minister Kevin Rudd. The Fin

BCI eyes expansion for Mardie salt project

BCI Minerals has revealed an expanded plan for its Mardie salt and potash project near Karratha that would make it the biggest project of its kind in Australia. The West

PM’s global tech fix for emissions

The Morrison government will spend almost $570 million on attempts to collaborate with other nations to commercialise low emissions technologies, with the aim of making a meaningful difference to climate change across the globe. The Fin

On the rise: Woodside boss unshackles executive floors

Woodside Petroleum’s new interim CEO, Meg O’Neill, has signalled a cultural shake-up at the nation’s biggest oil and gas producer, after axing a policy that barred most staff from accessing top executive floors at the company’s Perth headquarters. The Aus

Record production in sight for BHP

BHP is within sight of record output from its dominant Pilbara iron ore division as the price of the steelmaking commodity nudges record highs and cash pours into the company’s coffers. The Aus

Budget to focus on care sectors in jobs drive

The government will use the May budget to try to create tens of thousands of jobs in the various care sectors, with the aim of driving the unemployment rate below prepandemic levels. The Fin

Three’s a crowd at Crown Resorts; BGH runs numbers

As American private equity groups Blackstone and Oaktree Capital try to get Crown to engage on their respective indicative offers, it is understood the purveyor of Australia’s biggest buyout fund is thinking about a run of its own. The Fin

‘Wage freeze needed’ due to vaccine delays

The restaurant and cafe sector has blamed the Morrison government’s “lagging” vaccination rollout for delaying the economic recovery, citing problems with the program to justify its call to impose a real wage cut on low-paid workers this year. The Aus

Retailers offer equity stakes for loyalty

Australian shareholders Woolworths, Kogan and Marley Spoon are among the ASX-listed retailers issuing fractional shares to consumers as loyalty rewards in a micro-investing scheme encouraging the next generation of Australian shareholders. The Fin

Northern Star needles into Alaska problem

Northern Star Resources says it is on track to achieve full-year production and cost guidance despite a series of hiccups over three months since its merger with Saracen Mineral Holdings. The Fin

 

 

The Australian Financial Review

Page 1: The Morrison government will spend almost $570 million on attempts to collaborate with other nations to commercialise low emissions technologies, with the aim of making a meaningful difference to climate change across the globe.

Australian iron ore miners are ripping off taxpayers amid buoyant commodity prices and should face the type of levy they successfully scuttled a decade ago, according to former prime minister Kevin Rudd.

Page 3: A shift to spending on services and the highest consumer confidence in 11 years has helped drive a surprise 1.4 per cent jump in retail sales – more than twice the forecasts of some economists.

Almost 70 per cent of people aged between 18 and 24 are willing to change their career path to ensure they get a job, while around 6 million Australians have considered a job or career shift during the past 12 months, new research shows.

Page 5: The government will use the May budget to try to create tens of thousands of jobs in the various care sectors, with the aim of driving the unemployment rate below pre-pandemic levels.

Page 8: Small businesses reliant on overseas suppliers are grappling with stock shortages as the coronavirus pandemic hinders their efforts to grow their online offerings.

Page 13: Booming non-bank lender and credit manager LaTrobe Financial will consider a trade sale or IPO that could value that business at more than $2 billion, as investor interest in the nonbank sector surges.

Page 14: As American private equity groups Blackstone and Oaktree Capital try to get Crown to engage on their respective indicative offers, it is understood the purveyor of Australia’s biggest buyout fund is thinking about a run of its own.

Page 15: Australian shareholders Woolworths, Kogan and Marley Spoon are among the ASX-listed retailers issuing fractional shares to consumers as loyalty rewards in a micro-investing scheme encouraging the next generation of Australian shareholders.

Page 16: Fortescue Metals Group chairman Andrew Forrest has left Australia to continue his international hunt for green energy assets.

Northern Star Resources says it is on track to achieve full-year production and cost guidance despite a series of hiccups over three months since its merger with Saracen Mineral Holdings.

 

 

The Australian

Page 1: Foreign Minister Marise Payne has torn up Victoria’s controversial Belt and Road agreements with China in the first use of new powers allowing the commonwealth to veto deals it views as contrary to the national interest.

Page 2: China’s deputy ambassador, Wang Xining, has made clear that Australia must allow Huawei to participate in the nation’s 5G network if it wants the relationship between the countries to improve, attacking the 2018 ban on the telco as “immoral” and damaging to his country’s national interests.

Page 4: Federal family law judges are set to receive training on domestic violence issues — including on recognising coercive control — as part of a push by the courts to better protect the safety of children and families.

Page 5: The restaurant and cafe sector has blamed the Morrison government’s “lagging” vaccination rollout for delaying the economic recovery, citing problems with the program to justify its call to impose a real wage cut on low-paid workers this year.

Page 7: Australia Post’s entire board is set to be grilled before a Senate inquiry into Christine Holgate’s ousting over the Cartier watch affair, to gauge the extent of the Morrison government’s interference on the postal service’s so-called independent board.

Page 13: Woodside Petroleum’s new interim CEO, Meg O’Neill, has signalled a cultural shake-up at the nation’s biggest oil and gas producer, after axing a policy that barred most staff from accessing top executive floors at the company’s Perth headquarters.

Top travel industry figures have warned Australia’s economic recovery will lag behind those of Britain and the US if the vaccine rollout does not pick up pace heading into winter.

Page 15: Private equity firm Allegro has agreed to buy Toll Group’s Global Express unit from Japan Post as it seeks to turnaround the struggling business and capitalise on an e-commerce boom.

Page 16: BHP is within sight of record output from its dominant Pilbara iron ore division as the price of the steelmaking commodity nudges record highs and cash pours into the company’s coffers.

 

 

The West Australian

Page 6: Federal Treasurer Josh Frydenberg says West Australians have a bright economic future with “many sectors” performing well and helping to lead Australia out of the first recession in almost 30 years.

Mark McGowan wants Australia to seriously consider temporarily banning all travellers from India to ease pressure on the hotel quarantine system.

Page 9: The student body of WA’s most prestigious university is reviewing its sexual assault response policy amid reports that underage “freshers” were pressured to drink heavily during a sundowner in a public park.

Page 19: Putting a roof over the heads of 10 rough sleepers saved WA’s deluged hospital system more than 1450 overnight bed stays in a year — the equivalent of $2.2 million.

Page 22: WorkSafe will carry out an extensive investigation of the “dysfunctional” Bunbury Hospital after a bombshell report from the Australian Medical Association claimed almost 70 per cent of doctors had considered resigning.

Business: WA Hydrogen Industry Minister Alannah MacTiernan expects the Pilbara region will receive Federal funding for a hydrogen hub, but hopes the Mid West will also be considered.

In a boost for diversity and bridging the skills shortage gap, new graduates from the Perth-based Women in Engineering program are ready to enter the oil and gas workforce.

Australian-owned US trading platform Stake has signed a multi-season partnership with the West Coast Eagles as it looks to tap growing investor appetite in WA.

BCI Minerals has revealed an expanded plan for its Mardie salt and potash project near Karratha that would make it the biggest project of its kind in Australia.

The former chairman of Australia’s biggest co-operative is fighting to return to the board he walked away from a year ago under a cloud of controversy.

Coca-Cola Amatil will be removed from the Australian Securities Exchange after 50 years as a public company following its sale to Coke Europe.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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