23/07/2021 - 07:02

Morning Headlines

23/07/2021 - 07:02

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Huge spike in Sydney investor interest in WA

WA has emerged as the country’s investment darling, with an increasing number of national firms eyeing opportunities in the booming State only six months after being shunned by Sydney-based commentators for its hard border. The West

Quicker pay rises, bonuses for PwC staff

PwC will increase the pay of its 8000-strong staff at a faster rate between formal promotions and double to 80 per cent the proportion who can earn bonuses, under new benefits designed to retain and attract employees. The Fin

Fix law to sack mine sex pests

Fortescue has called for changes to the law to give mining companies greater freedom to sack workers for sexual harassment. The West

Residents urge brake to go on respected developer’s housing & tourism plan for South West gem

Liberal deputy leader Libby Mettam has thrown her support behind Yallingup locals in their campaign against renewed plans to develop Smiths Beach. The West

Records roll on China iron ore sales

China’s demand for iron ore accounted for almost half the value of goods exports in June, as frosty relations between Canberra and Beijing did little to stop the shipments from achieving a second consecutive record month. The Fin

Foreign student lockout ‘a $6bn loss’

Australia has lost more than 100,000 foreign students in the past financial year at a cost of nearly $6bn to the economy, with higher education leaders warning that the sector will not recover from any further Covid-19 induced delays. The Fin

Woodside looks to scrip deal for BHP assets

Further speculation is emerging about discussions surrounding a possible sale of BHP’s oil and gas assets to Woodside Petroleum, with suggestions that a scrip deal has been in the making. The Aus

Pindan’s early pain

Pindan could have been insolvent two months before it finally called in administrators in May after failed efforts to complete a sale of the WA building group or secure a $15 million lifeline from its Singapore parent. The West

Aviation in plea for help

The Federal Government is considering extending its billiondollar aviation bailout as lockdowns around the nation threaten the viability of the airline industry. The West

Decmil set to raise $32m in equity & debt

Engineering and construction group Decmil has hit its profit target and launched into a $32 million debt and equity raising to bolster its balance sheet. The West

 

 

The Australian Financial Review

Page 1: BHP has talked up its role in global decarbonisation after aligning itself with Elon Musk’s Tesla as part of a transition away from fossil fuels that could ultimately lead to the sale of its global oil and gas assets.

Page 4: A shake-up in the leadership of the government’s top immunisation advisory panel was unrelated to pleas for it to change its advice on the AstraZeneca COVID-19 vaccine, the Prime Minister said yesterday.

Page 9: PwC will increase the pay of its 8000-strong staff at a faster rate between formal promotions and double to 80 per cent the proportion who can earn bonuses, under new benefits designed to retain and attract employees.

Page 10: China’s demand for iron ore accounted for almost half the value of goods exports in June, as frosty relations between Canberra and Beijing did little to stop the shipments from achieving a second consecutive record month.

Page 18: Greensill Capital’s Australian parent became insolvent on or around March 2, a week before it filed for administration, liquidators Grant Thornton have concluded in its initial investigations into the supply chain finance firm’s sudden collapse.

Aviation is once again on its knees as airlines cull flights and warn they may again have to stand down thousands of workers in the face of a slow vaccine rollout and significant COVID-19 outbreaks in three states.

Northern Star could claim Newcrest Mining’s mantle as the biggest gold producer on the ASX under an accelerated five-year growth plan published on the same day the company sold $400 million of West Australian gold assets to Evolution Mining.

Page 21: The Kerry Stokes-controlled Seven Group continues to gather more acceptances in its takeover offer for Boral, with its stake now up to 59.2 per cent with a week to go before its $7.40 per share bid closes.

 

 

The Australian

Page 2: Jim Molan has warned the Australian Defence Force would be defeated within days in the event of a Chinese attack, even with the benefit of $270bn in new military hardware to be delivered over the next decade.

Page 3: The legal fight over one of Australia’s richest iron ore fortunes will continue after Julian Wright – the black sheep brother of the Pilbara’s Wright dynasty – launched an appeal action against a recent Supreme Court decision.

Page 4: Australia has lost more than 100,000 foreign students in the past financial year at a cost of nearly $6bn to the economy, with higher education leaders warning that the sector will not recover from any further Covid-19 induced delays.

Page 15: Tens of thousands of workers are at risk of being stood down with no pay across the nation in the face of extended lockdowns, prompting businesses to call for clear policies and more government support until the economy reopens.

Page 16: Further speculation is emerging about discussions surrounding a possible sale of BHP’s oil and gas assets to Woodside Petroleum, with suggestions that a scrip deal has been in the making.

Page 19: Buy now, pay later company Zip Co is planning to widen its business model, with plans to offer investment opportunities to customers with a view to lending against potential deposits.

 

 

The West Australian

Page 1: WA has emerged as the country’s investment darling, with an increasing number of national firms eyeing opportunities in the booming State only six months after being shunned by Sydney-based commentators for its hard border.

Page 6: Mark McGowan warns “lots of people will die” if the NSW Government listens to east coast “shock jocks and right-wing nut jobs” who want to end Sydney’s lockdown and “let the virus rip” through the community.

Page 7: The Federal Government is considering extending its billion-dollar aviation bailout as lockdowns around the nation threaten the viability of the airline industry.

Page 16: Fiona Stanley Hospital declared yet another code yellow yesterday, as hundreds of healthcare staff gathered to warn of “dangerous” under-resourcing.

Page 65: Liberal deputy leader Libby Mettam has thrown her support behind Yallingup locals in their campaign against renewed plans to develop Smiths Beach.

Page 67: Fortescue has called for changes to the law to give mining companies greater freedom to sack workers for sexual harassment.

Business: Pindan could have been insolvent two months before it finally called in administrators in May after failed efforts to complete a sale of the WA building group or secure a $15 million lifeline from its Singapore parent.

Japan is proposing to double its share of renewable energy in its power mix and drastically slash its use of fossil fuels to less than half by the end of the decade as it pushes to meet an ambitious emissions reduction target.

Engineering and construction group Decmil has hit its profit target and launched into a $32 million debt and equity raising to bolster its balance sheet.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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