Listed gold miners in Gascoyne’s data room
Bombed-out gold explorer Gascoyne Resources is keeping fundies warm for a just-in-case equity raising, while it takes a handful of trade players through its data room. The Fin
Industry digs in for more battles ahead
Energy suppliers are digging in for a protracted battle with the government over coming months, saying the passage through parliament yesterday of laws to cap prices is just one of a series of planned policies with the potential to damage the industry. The Fin
Lithium price suits Pilbara
Pilbara Minerals continues to reap the rewards of a booming lithium market, with companies keen to secure supplies of the crucial battery ingredient. The West
ASIC sues Finder over ‘debenture’
The corporate regulator has sued a subsidiary of Finder.com, alleging the comparison website provided illegal financial advice and put customers at risk of harm by offering its now-defunct crypto product Finder Earn without a financial services licence. The Fin
ASX ordered to keep CHESS in good order
The Reserve Bank and the corporate regulator will consider further action against ASX to ensure it continues to invest in CHESS, after using special powers for the first time to intensify oversight of the market operator to ensure it invests in the clearing and settlement system and maintains the market’s confidence in plans to replace it. The Fin
Best and worst default super funds revealed
Commonwealth Bank-backed Colonial First State is under pressure to shut or restructure a badly underperforming superannuation product after regulators found it to be among the nation’s worst. The Fin
International students prize their work rights
International students again view Australia as a destination of choice, with education agents revealing the opportunity to work is a big drawcard. The Aus
Thousands arrive to resolve labour crisis
Overseas workers are flowing into the country under the Pacific Australia Labour Mobility scheme, with nearly 34,000 already here and a further 40,000 vetted and ready to go. The Aus
Clough parent’s debt in doubt
Clough administrators have conceded it may be difficult to recover the $350m owed to the contractor by South African parent Murray & Roberts. The Aus
The Australian Financial Review
Page 1: One of the country’s biggest gas producers says Labor’s ‘‘Soviet-style’’ gas policy means companies will require the government to guarantee fiscal terms for new projects – including Narrabri in NSW – as is the case in countries such as Nigeria.
Page 2: Qantas is planning to lift domestic capacity from next April, but analysts are warning the additional flights will do little to take the sting out of steepling domestic airfares that jumped to fresh heights in the first weeks of December.
Page 3: Commonwealth Bank-backed Colonial First State is under pressure to shut or restructure a badly underperforming superannuation product after regulators found it to be among the nation’s worst.
Page 4: Energy suppliers are digging in for a protracted battle with the government over coming months, saying the passage through parliament yesterday of laws to cap prices is just one of a series of planned policies with the potential to damage the industry.
Page 8: Western Australia’s budget position has gone from strength to strength on the back of higher-than-forecast iron ore prices and amid a war of words over financial management and GST share with NSW.
Banks are investing in training and internship programs, and offering more opportunities to work outside capital cities, in an attempt to fill vacancies for in-demand tech roles, even as the talent pool has grown thanks to a string of lay-offs from local technology companies.
Page 12: The Reserve Bank and the corporate regulator will consider further action against ASX to ensure it continues to invest in CHESS, after using special powers for the first time to intensify oversight of the market operator to ensure it invests in the clearing and settlement system and maintains the market’s confidence in plans to replace it.
Page 13: The corporate regulator has sued a subsidiary of Finder.com, alleging the comparison website provided illegal financial advice and put customers at risk of harm by offering its now-defunct crypto product Finder Earn without a financial services licence.
Page 14: Bombed-out gold explorer Gascoyne Resources is keeping fundies warm for a just-in-case equity raising, while it takes a handful of trade players through its data room.
The Australian
Page 1: Anthony Albanese’s energy market intervention could increase gas bills by $175 a year and push up businesses’ energy costs by 40 per cent, according to independent modelling that warns price caps may trigger supply shortfalls and blackouts in Victoria.
Page 2: International students again view Australia as a destination of choice, with education agents revealing the opportunity to work is a big drawcard.
Overseas workers are flowing into the country under the Pacific Australia Labour Mobility scheme, with nearly 34,000 already here and a further 40,000 vetted and ready to go.
Page 4: The federal government must develop a sustainable aviation fuel industry or risk leaving Australian airlines hostage to global energy market shocks, industry has warned.
Page 7: One of the nation’s most senior media executives and experienced company directors, Siobhan McKenna, has been appointed chair of Australia Post.
The Foxtel Group has inked a multi-year deal to broadcast top-tier events in Australian boxing.
Page 8: Google is under pressure to reverse a blanket ban on medical abortion ads in Australia which is “restricting abortion access”, according to the only national accredited abortion provider.
Page 17: Clough administrators have conceded it may be difficult to recover the $350m owed to the contractor by South African parent Murray & Roberts.
Page 19: Woolworths CEO Brad Banducci has defended his move to spend $586m buying a controlling stake in leading pets business Petspiration, arguing he was not paying “top of the cycle” prices after a pandemic-induced boom in pet ownership, with the business having plenty of runway for future growth.
Page 21: Coles has been accused of not acting in accordance with the spirit of the Food and Grocery Code of Conduct and refusing to give its powerful independent reviewer access to five closed complaint files that relate to the supermarket’s dealing with suppliers.
The West Australian
Page 3: Police have arrested more than a dozen people in a secret sting targeting drug dealers using the encrypted messaging application Telegram to peddle methamphetamine.
Page 4: WA Police has been accused of trying to fudge its officer attrition rate by putting those who have quit on “leave without pay” without consulting them about it.
Page 5: An independent review of WA’s mining regulator has found failures in responding to past sexual misconduct claims, poor morale issues and a lack of sanctions for companies that fail to report workplace rapes.
Page 16: Mark McGowan has attempted to play down what he called “ambiguous” comments from newly appointed Early Childhood Education Minister Sabine Winton, who once expressed scepticism over the “very, very dated” scientific evidence supporting fluoride in drinking water.
Page 52: A “light touch approach” to policing the commercial fishing sector has left WA’s waters at risk of “over-extraction”, according to an Auditor-General’s report.
Business: Rising interest rates are proving a winner for WA’s $1.6 billion sovereign health fund, increasing the pool of investment returns earmarked for the State’s growing medical research industry.
The nation’s white hot labour market is likely to lead to further interest rate hikes next year, economists warn, as near half-century lows in the unemployment rate keep cash flowing into consumers’ wallets.
Qantas will ramp up capacity on main domestic routes as demand continues to surge and its operations finally begin to normalise post the height of the COVID pandemic.
Pilbara Minerals continues to reap the rewards of a booming lithium market, with companies keen to secure supplies of the crucial battery ingredient.
The global appetite for lithium is insatiable and Winsome Resources boss Chris Evans says he is desperate to give North America its success story of the battery material.
