26/05/2021 - 06:59

Morning Headlines

26/05/2021 - 06:59


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The Australian Financial Review

Page 1: The Australian chief of the Port of Darwin’s Chinese owner is warning the potential scrapping of its 99-year lease threatens to deter foreign investment, denouncing the treatment dished out to the company as the worst he has seen a multinational endure.

Page 5: Labor has vowed to torpedo changes that have enabled two clean energy bodies to invest beyond wind and solar and fund other low-emission technologies such as carbon capture and storage, hydrogen production and green steel.

Page 6: Australia’s international goods trade surplus swelled to $10 billion in April, extending a stunning run for exports over recent months that will boost economic growth figures due next week.

Page 9: The AFL, Tennis Australia and major super funds including AustralianSuper are among the large Victorian employers expected to be hit by the state’s new mental health levy, despite the Andrews government saying the measure is targeted at multinationals and big business.

Page 13: The AFP has confirmed it is investigating issues regarding the Corporations Act in relation to the former chairman of glamour tech stock Nuix, Tony Castagna.

Page 14: EMR Capital has had Macquarie Capital and Credit Suisse bankers run an auction for 29Metals’ main asset, the Golden Grove mine in Western Australia, while their equity capital markets colleagues (plus Morgan Stanley) prepared the larger 29Metals for an initial public offering.

Page 18: The country’s green bank is nearing its first investment in the hydrogen sector as a landmark report for the bank found green hydrogen is already almost cost-competitive for long-distance trucks, buses and remote power but will take much longer for some sectors of industry.



The Australian

Page 1: The US wants to store munitions and defence equipment in Australia’s Top End under a bilateral force posture review to better prepare the ANZUS allies for growing strategic threats from China.

Page 2: The French company building the nation’s $90 billion Attack-class submarines will tender for $100 million of supplies ranging from welding kits to spanners, one of the largest local buy-ups of tools and hardware on record.

Page 6: Universities Australia is about to embark on a major survey on student safety on campus in the wake of allegations that the University of Queensland mishandled sexual harassment complaints.

Page 13: National Australia Bank and the Finance Sector Union are headed to the Federal Court over what could be the nation’s biggest staff underpayment issue, possibly in the hundreds of millions of dollars.

Big executive pay increases are making a comeback in the property sector, with office play Dexus seeking to lock in a trio of top executives in a move worth up to $6.5 million.

Page 14: Spanish conglomerate CIMIC is back at the door of shareholders in Devine, hoping to finally take full control of the property developer in which it holds a 59 per cent stake.

Page 15: Crown Resorts abandoned at least four reviews aimed at combating money laundering across its casinos in the past year, despite external experts raising significant concerns about its vulnerability to organised crime.

More than 20 countries have wholly or partially lifted restrictions for vaccinated travellers, including Germany, Poland, Portugal, Greece, Korea, Iceland, Israel, the Maldives and Estonia.



The West Australian

Page 3: The construction union has warned another half a dozen major builders are in danger of going under in WA in the wake of the collapse of construction giant Pindan.

Page 7: Safe access zones to prevent abortion clinic protesters from harassing women, or face a $12,000 fine, are on the agenda — again — with legislation to be reintroduced in Parliament today.

Page 16: Political staffers, Sky News commentators, former MPs — and their spouses — are among those selected by the WA Liberals to rebuild the shattered party’s policy platform from the ground up.

Business: The staggering simplicity with which millions of dollars in dirty cash was cleaned via Crown Perth bank accounts was laid bare yesterday — as a money laundering expert said the gambling giant had done the “bare minimum” since to clean up its act.

Workers across Australia face a surprise pay cut when compulsory employer superannuation payments rise from 9.5 to 10 per cent of wages on July 1.

HBF is believed to be in talks to buy an east coast private health fund, three years after a $4 billion merger with NSW insurer HCF was called off.

Global tournaments with multimillion-dollar cash prizes have raked in more viewers than the Super Bowl and international universities are offering professional gaming scholarships to train the next wave of elite players.

More than 120 feral camels will arrive at a Dandaragan farm in weeks, marking a major step for a WA business looking to tap into the global infant formula market.

The West Australian behind a national review into security of payment laws in the building industry has expressed frustration at the State Government’s failure to protect subcontractors.

VRX Silica has played down the impact of a public environmental review on the time line for its Arrowsmith North project, saying it is consistent with its expectations.

Former Metals X executives Warren Hallam and Rod Corps will re-engage with the development of the Wingellina project as part of a proposed spin out of the company’s nickel assets.


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