Genesis, St Barbara work on new deal
Kerry Stokes-backed Genesis Minerals and St Barbara have been forced back to the negotiating table over a deal to consolidate gold assets in Western Australia and create a major new player known as Hoover House. The Fin
Australia should be embracing its mining successes
Woodside Energy chair Richard Goyder says Australia should not forget how it built its wealth — digging up rich deposits of iron ore, coal and LNG — as the country seeks to play a bigger role in the energy transition. The West
Energy bill relief needed eight deals
The Albanese government has had to negotiate eight separate deals with the states and territories to meet its promise to deliver up to $3 billion in power bill relief at the May 9 federal budget. The Fin
How the big banks help Australians stop themselves from gambling
The country’s top banking lobbyist said more than half a million Australians use their banks to be cut off from gambling services and lashed the ‘‘absolute absurdity’’ of a loophole that still allows online bookmakers to take deposits using credit cards. The Fin
Australia can ‘lift millions out of energy poverty’
Australian gas has the potential to lift millions of people in neighbouring countries out of “energy poverty” while also powering the nation’s shift to renewables, Resources Minister Madeleine King has said. The West
David Jones in breach of Westfield leases as Scentre plays hard ball
David Jones appears to be in breach of more than a dozen leases, all signed with ASX-listed Scentre, after the operator of the local Westfield malls baulked at allowing the retailer’s new private equity owners to take over as a counterparty from South Africa’s Woolworths Holdings. The Fin
RBA hits pause, for now
The Reserve Bank of Australia has spared borrowers from an 11th consecutive interest rate rise, but the central bank could deliver another cash rate increase as soon as next month if consumer prices grow at an uncomfortably high pace. The Fin
‘China can join trade pact if it plays by rules’
Two of the nation’s biggest business groups say China must prove it can abide by global rules if it wants to join the trans-Pacific free-trade agreement. The Aus
ACCC doubts on Suncorp-ANZ merger
The competition regulator has warned it is not convinced about the benefits spruiked by ANZ to win approval for its controversial $4.9bn purchase of Suncorp’s banking business, amid concerns it will impact the market. The Aus
The Australian Financial Review
Page 1: The Reserve Bank of Australia has spared borrowers from an 11th consecutive interest rate rise, but the central bank could deliver another cash rate increase as soon as next month if consumer prices grow at an uncomfortably high pace.
The Albanese government has had to negotiate eight separate deals with the states and territories to meet its promise to deliver up to $3 billion in power bill relief at the May 9 federal budget.
Page 4: The country’s top banking lobbyist said more than half a million Australians use their banks to be cut off from gambling services and lashed the ‘‘absolute absurdity’’ of a loophole that still allows online bookmakers to take deposits using credit cards.
Page 8: The Albanese government is banning Chinese-owned TikTok on government-issued devices as it mulls further measures to tackle national security concerns and protect the social media data of Australians.
Page 14: Eight years after it made an exit from the local market with a spin-off, UBS is planning a return to wealth management in Australia, as it works through last month’s 3 billion Swiss franc ($4.9 billion) takeover of Credit Suisse.
Page 15: The Mincor Resources board has backed a $760 million takeover offer from Andrew Forrest’s Wyloo Metals and conceded it is at risk of not being able to make debt repayments as it battles to supply nickel to the specifications of its sole customer, BHP.
Page 16: David Jones appears to be in breach of more than a dozen leases, all signed with ASX-listed Scentre, after the operator of the local Westfield malls baulked at allowing the retailer’s new private equity owners to take over as a counterparty from South Africa’s Woolworths Holdings.
Page 19: Kerry Stokes-backed Genesis Minerals and St Barbara have been forced back to the negotiating table over a deal to consolidate gold assets in Western Australia and create a major new player known as Hoover House.
The Australian
Page 1: A majority of Australians in a majority of states support enshrining an Indigenous voice to parliament in the Constitution, signalling the likelihood that a referendum would meet the critical double majority test to succeed if one were held today.
Page 2: Universities are swimming in a river of red ink following the financial market downturn, and the nine institutions that have disclosed 2022 results so far have recorded a combined operating deficit of nearly $850m.
Page 4: Two of the nation’s biggest business groups say China must prove it can abide by global rules if it wants to join the trans-Pacific free-trade agreement.
Page 6: The Coalition’s election-losing streak is being fuelled by systemic failures of federal and state Liberal Party divisions to match digital and social media strategies of ALP, teals and Greens campaigns, sparking internal pressure for an urgent shake-up of future campaigns.
Page 13: The competition regulator has warned it is not convinced about the benefits spruiked by ANZ to win approval for its controversial $4.9bn purchase of Suncorp’s banking business, amid concerns it will impact the market.
Page 19: Improving employment prospects and workplace accessibility for people with disability are two priorities of a new strategic alliance between PwC Australia and Dylan Alcott’s consultancy, Get Skilled Access.
The West Australian
Page 3: Cash-strapped homeowners tempted to celebrate a reprieve from the steepest interest rate hikes in a generation have been warned not to get ahead of themselves because more pain may still be on the way.
Page 4: Seven Group Holdings chief executive Ryan Stokes says it’s high time Australia has a “sensible debate” on nuclear energy as governments and businesses consider technologies to decarbonise the economy.
Page 5: Mineral Resources boss Chris Ellison has thrown down the gauntlet to the Albanese Government, warning it will miss its chance to compete with a historic US climate deal if it does not introduce “meaningful” change in the upcoming Budget.
BHP WA iron ore asset president Brandon Craig says the pace of technological development should be embraced given the vast opportunities to advance WA’s mining industry.
Page 6: Australian gas has the potential to lift millions of people in neighbouring countries out of “energy poverty” while also powering the nation’s shift to renewables, Resources Minister Madeleine King has said.
Page 17: Liberal MPs will gather on Wednesday to decide a position on the referendum and Indigenous Voice to Parliament, against the backdrop of the disastrous by-election at the weekend.
Page 24: Australia’s top cultural institutions will share in more than half a billion dollars to deal with chronic underfunding that has led to staff and program cuts and crumbling, leaky buildings.
Business: Rio Tinto’s iron ore boss Simon Trott says WA can be the “Silicon Valley of resources technology” if the State creates policy settings to attract and foster talent and provide businesses with investment certainty.
Woodside Energy chair Richard Goyder says Australia should not forget how it built its wealth — digging up rich deposits of iron ore, coal and LNG — as the country seeks to play a bigger role in the energy transition.
Autonomous mining has matured beyond being an experimental “curiosity” for the world’s biggest producers, with equipment behemoth Caterpillar now preparing to deploy the technology to small sites using fewer than 20 trucks.
Emyria is leading the race to deliver one of the first successfully registered over the counter cannabinoid medicines in Australia, according to its boss, after the WA biotech company inked a new deal with pharmaceutical giant Aspen Australia.
