05/05/2021 - 07:00

Morning Headlines

05/05/2021 - 07:00

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Morning Headlines

ARENA tips $100m into three green hydrogen pilot projects

The Morrison government has allocated more than $100 million to three green hydrogen pilot projects in a bid to kickstart the burgeoning industry. The Fin

Hopes high as economy booms

A resurgent economy is driving a fresh round of upgrades through corporate Australia, as consumers and business are being pumped up by the promise of ultra-low interest rates locked in for years. The Aus

Farm owners cash in on surging land prices

The value of Australian farmland jumped almost 13 per cent in the past year and continues to climb because of better seasonal conditions, strong commodities prices unaffected by China’s trade sanctions and low interest rates. The Fin

Investor lending highest since 2003

Surging investor lending, which rose at its fastest pace in almost two decades, has pushed Australia’s booming residential market out of regulators’ comfort zone and made macro-prudential controls more likely, economists said yesterday. The Fin

Youngsters twice as likely to buy an apartment

The coronavirus is believed to be behind a generational shift in the great Australian dream of home ownership, with a survey showing Gen-Z buyers increasingly looking at apartments over traditional houses. The West

Quick tax cuts off for wealthy

The fast-tracking of tax cuts for high-income workers has been ruled out of next week’s budget in favour of extended relief for low and middle-income earners and a major skills and jobs package to shift the focus on getting longterm unemployed back into work. The Aus

Virgin still saddled with $1.2b debt

Virgin Australia lost $3.1 billion last year and remains saddled with $1.2 billion of debt it carried into administration, according to filings with the corporate regulator. The Fin

Fortescue partners Indonesian coal giant on green energy

Fortescue Metals Group and Indonesian coal giant PT Adaro Energy have emerged as unlikely allies in billionaire Andrew Forrest’s push to fast-track the development of a worldwide green hydrogen industry. The Fin

WA’s ResApp to sell health tech in Kenya

Shares in ResApp Health were boosted after the WA-founded company revealed it had secured an agreement with a firm to sell its smartphone app for acute respiratory disease diagnosis in Kenya. The West

Utility coal deal muzzled

Taxpayers have been left in the dark about a new pricing deal signed by State Government-owned electricity provider Synergy and WA’s biggest coal miner. The West

 

 

The Australian Financial Review

Page 1: Price increases from toll road operators to building materials manufacturers and tech companies are adding to a chorus of concern that the economy will run red-hot, boosting inflation at the consumer level as businesses pass on rising input costs and capitalise on their pricing power.

Page 3: Surging investor lending, which rose at its fastest pace in almost two decades, has pushed Australia’s booming residential market out of regulators’ comfort zone and made macro-prudential controls more likely, economists said yesterday.

The value of Australian farmland jumped almost 13 per cent in the past year and continues to climb because of better seasonal conditions, strong commodities prices unaffected by China’s trade sanctions and low interest rates.

Page 4: The Morrison government has allocated more than $100 million to three green hydrogen pilot projects in a bid to kickstart the burgeoning industry.

Page 13: AGL Energy interim chief executive Graeme Hunt has signalled that a decision to go ahead with a radical restructuring of the business has effectively already been made as he scotched speculation that leadership turmoil at the giant electricity supplier reflected indecision over the plan.

Retailers thriving in the pandemic are pouncing on opportunities to open new stores or steal market share from rivals as the surge in spending on furniture, car accessories, camping equipment and even home-delivered pizza continues unabated.

Page 15: Virgin Australia lost $3.1 billion last year and remains saddled with $1.2 billion of debt it carried into administration, according to filings with the corporate regulator.

Fortescue Metals Group and Indonesian coal giant PT Adaro Energy have emerged as unlikely allies in billionaire Andrew Forrest’s push to fast-track the development of a worldwide green hydrogen industry.

Page 17: Nine Entertainment chief executive Mike Sneesby has lauded the recently launched Stan Sport as Australia’s ‘‘largest reaching streaming sports platform’’, taking a swipe at Foxtel-owned Kayo Sports.

 

 

The Australian

Page 1: The fast-tracking of tax cuts for high-income workers has been ruled out of next week’s budget in favour of extended relief for low and middle-income earners and a major skills and jobs package to shift the focus on getting long-term unemployed back into work.

Page 3: Australia’s elite research universities have taken a swipe at the nation’s independent foreign policy think tanks, warning the Morrison government not to let non-university research have a “outsized impact” on diplomacy.

Page 4: Speculators are plunging into the nation’s hot property market, as a 13 per cent jump in new lending to investors in March — the sharpest increase in nearly 18 years — drove monthly loan commitments to a record $30.2bn.

Page 5: Australia’s oil and gas industry is concerned that organisations pushing companies on environmental and social outcomes are being hijacked by activists and are using “dodgy shareholder tactics” to stop projects.

Page 13: A resurgent economy is driving a fresh round of upgrades through corporate Australia, as consumers and business are being pumped up by the promise of ultra-low interest rates locked in for years.

Page 15: Seek will shed much of its current shareholding in its Chinese jobs platform Zhaopin, using the cash to pay down debts and support payouts from the business.

Page 21: The Morrison government has taken a step towards funding private higher education colleges on the same basis a universities, giving both types of institutions the same funding for short courses.

 

 

The West Australian

Page 5: Resources Minister Keith Pitt is confident iron ore prices will remain “quite considerable” for at least the next five years.

Page 7: The Indian Premier League was suspended indefinitely yesterday after players and staff at three clubs tested positive for COVID-19 as the country’s official coronavirus case count passed 20 million.

Page 14: The West Australian Institute of Sport has apologised to athletes who experienced “distress or injury” as a result of its gymnastics program after the horrific allegations of abuse that span three decades.

Page 20: New research by one of the world’s top MH370 investigators has revealed the pilot in command of the missing Boeing 777 may have actively attempted to avoid detection before the plane mysteriously disappeared.

Page 21: The coronavirus is believed to be behind a generational shift in the great Australian dream of home ownership, with a survey showing Gen-Z buyers increasingly looking at apartments over traditional houses.

Business: Shares in ResApp Health were boosted after the WA-founded company revealed it had secured an agreement with a firm to sell its smartphone app for acute respiratory disease diagnosis in Kenya.

Taxpayers have been left in the dark about a new pricing deal signed by State Government-owned electricity provider Synergy and WA’s biggest coal miner.

Shares in WA explorers Great Boulder Resources and Odyssey Gold nearly doubled yesterday after each reported encouraging drill results at their respective projects.

Potential buyers have already expressed interest in Adaman Resources’ flagship Kirkalocka gold mine as administrators explore a restructuring of the privately owned mining investment group.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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