Breakthrough as Fortescue turns iron ore green
Fortescue Future Industries has built a pilot plant that can turn iron ore into green iron without hydrogen – or coal – as part of its quest to slash carbon emissions from steel production. The Fin
Wesfarmers sure of lithium fast-tracking
Wesfarmers has assured investors it can deliver its Mt Holland lithium project to a revised timetable and avoid the prolonged commissioning delays that have marked other developments chasing the battery metal. The West
BHP targets low-emissions steel with electric smelter
BHP will consider building a pilot electric smelter somewhere in Australia as it seeks to deliver on the promise of low-emissions steel made from Pilbara iron ore. The Aus
Fed sets up RBA rate rise in April
The US Federal Reserve held its nerve and raised interest rates in the face of global banking system instability, paving the way for the Reserve Bank to deliver an 11th straight increase to Australia’s cash rate next month as central banks resume their battle against inflation. The Fin
Chalmers moves to break ASX grip on settlement
Treasurer Jim Chalmers will empower regulators to create competition in the $2.5 trillion equities market, a move that could end the ASX’s monopoly on clearing and settlement after the exchange’s $250 million failure to replace these systems. The Fin
All or nothing to change nation
Anthony Albanese has set up a three-month political brawl with Peter Dutton after endorsing a constitutionally enshrined Indigenous voice to parliament, which boasts powers across all arms of the government to intervene “early in the development of laws and policies”. The Aus
‘Labour shortage crippling industry’
Australia’s biggest brickmaker Brickworks has warned that crippling labour shortages are forcing the nation’s manufacturing plants to run well below capacity and says the Reserve Bank should now pause interest rate rises amid uncertainty in the economy. The Aus
EY in new Rowsthorn Rivet move
Administrators have been put into Mark Rowsthorn’s Rivet Mining Services as unidentified financiers tighten their grip on his debt-ladened group. The West
Wealth falls as houses dip
Falling property prices across much of the country pushed down household wealth by 3 per cent last year, new figures show, as higher interest rates cool demand. The West
The Australian Financial Review
Page 1: The US Federal Reserve held its nerve and raised interest rates in the face of global banking system instability, paving the way for the Reserve Bank to deliver an 11th straight increase to Australia’s cash rate next month as central banks resume their battle against inflation.
Treasurer Jim Chalmers will empower regulators to create competition in the $2.5 trillion equities market, a move that could end the ASX’s monopoly on clearing and settlement after the exchange’s $250 million failure to replace these systems.
Page 3: Beauty giant Mecca Cosmetica has discovered it underpaid employees more than $500,000 while moving thousands of staff out of expired workplace deals that legally allowed the company not to pay full penalty rates for 17 years.
Page 5: Greens voters are overwhelmingly in favour of legislation to drive down heavy industrial emissions, with none ‘‘strongly opposed’’, according to a survey that undermines Bob Brown’s view that the party can risk crashing the reforms in its stand-off with Labor.
Page 7: The May budget could forecast commodity prices to be higher for longer, providing a boost to revenue and helping cover a multibillion-dollar blowout from unfunded Coalition spending programs including My Health Record.
Page 8: Former Howard government minister Nick Minchin has advised Defence Minister Richard Marles to cut to the chase and identify the Woomera rocket range in far northern South Australia as the site for the high-level nuclear waste dump required under the AUKUS pact.
Page 13: Brickworks managing director Lindsay Partridge says a sharp slowdown in housing construction and renovations is likely by year’s end, with a backlog of work stemming from tradie shortages providing a buffer of about six months.
Page 16: Fortescue Future Industries has built a pilot plant that can turn iron ore into green iron without hydrogen – or coal – as part of its quest to slash carbon emissions from steel production.
Page 18: Rio Tinto says the personal data of some past and present Australian staff may have been stolen as part of a criminal cyberattack of a supplier to the mining giant.
The Australian
Page 1: Anthony Albanese has set up a three-month political brawl with Peter Dutton after endorsing a constitutionally enshrined Indigenous voice to parliament, which boasts powers across all arms of the government to intervene “early in the development of laws and policies”.
Page 13: Australia’s biggest brickmaker Brickworks has warned that crippling labour shortages are forcing the nation’s manufacturing plants to run well below capacity and says the Reserve Bank should now pause interest rate rises amid uncertainty in the economy.
Page 16: BHP will consider building a pilot electric smelter somewhere in Australia as it seeks to deliver on the promise of low-emissions steel made from Pilbara iron ore.
Page 17: China’s biggest dairy company Yili is behind the wave of cheap New Zealand butter imports that have been undercutting local products on Australian supermarket shelves.
The West Australian
Page 3: A date has been set for Australia’s wealthiest man to meet in person with the boss of native title holders pushing for a massive compensation payout.
Page 24: More magnesium in our diet leads to better brain health as we age, according to scientists.
Page 49: An Australian Defence Force helicopter that crashed on a beach during a “routine” counterterrorism exercise is one of numerous helicopters of the same model that have been plagued by safety issues.
Business: Administrators have been put into Mark Rowsthorn’s Rivet Mining Services as unidentified financiers tighten their grip on his debt-ladened group.
Falling property prices across much of the country pushed down household wealth by 3 per cent last year, new figures show, as higher interest rates cool demand.
Graphic design giant Canva will integrate the “magic” of artificial intelligence across its suite of products, flagging economic stresses will make companies more reliant on the technology to do business.
Wesfarmers has assured investors it can deliver its Mt Holland lithium project to a revised timetable and avoid the prolonged commissioning delays that have marked other developments chasing the battery metal.
