Author: roymorgansocial

Accused torturer to command ADF troops

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Original article by Stephen Rice
The Australian – Page: 1 & 2 : 30-Jan-24

Colonel Penioni Naliva has been appointed as deputy commander of the Australian Army’s 7th Brigade, which comprises around 3,500 troops, with his appointment coming after he graduated from the Australian War College in 2023. A senior Fijian military officer, Naliva has been accused of torture and human rights abuses, and a Defence spokesperson said it was aware of the allegations. There is speculation that current Fiji prime minister Sitiveni Rabuk approved Naliva’s appointment over concern that he was the military officer most likely to stage a coup against his unstable government; his appointment will see Naliva move to Australia, thus lessening the risk of him staging a coup.

CORPORATES
AUSTRALIAN ARMY, AUSTRALIA. DEPT OF DEFENCE

Surprise support for airline compo scheme

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Original article by Robyn Ironside
The Australian – Page: 15 : 30-Jan-24

Emirates president Tim Clark has expressed support for compensating Australian airline passengers for flight delays or cancellations. A compensation scheme for travellers is among the options that will be considered in the federal government’s aviation white paper. Clark contends that airlines should be held to account for putting their own financial interests ahead of those of their passengers. However, he cautions that the government must consult with the aviation industry regarding any such scheme.

CORPORATES
EMIRATES AIRLINES

‘King Charles effect’: Aussie prostate checks surge

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Original article by Adella Beaini
Herald Sun – Page: Online : 30-Jan-24

The Urological Society of Australia & New Zealand’s vice-president Damien Bolton has welcomed the decision by King Charles III to publicly disclose his treatment for an enlarged prostate. He says the news has had an immediate impact in Australia, with a sharp increase in the number of men seeking to have their prostate checked. Professor Bolton notes that men have traditionally been reluctant to speak about prostate issues and surgery, but the King’s announcement is ‘normalising’ the conversation about this health issue. He adds that prostate checks will save many lives in the long-run.

CORPORATES
UROLOGICAL SOCIETY OF AUSTRALIA AND NEW ZEALAND

Coalition splits over ALP tax cuts overhaul

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Original article by Rosie Lewis, Jess Malcolm, Sarah Ison
The Australian – Page: 1 & 4 : 30-Jan-24

Shadow cabinet ministers will meet on Tuesday to discuss the federal government’s proposed changes to the legislated stage-three tax cuts. Senior sources within the Liberal Party have suggested that the Coalition will seek amendments to Labor’s legislation but is unlikely to vote against it. Judo Bank’s chief economic adviser Warren Hogan said it would be hard for the Coalition to oppose Labor’s tax changes, although he says it could pursue the ‘reform element’ of the original income tax cuts package ahead of the next election.

CORPORATES
AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, JUDO BANK PTY LTD

Australia’s top lithium mine to trim output

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Original article by Peter Ker
The Australian Financial Review – Page: 11 : 30-Jan-24

IGO has confirmed that production at the Greenbushes lithium mine in Western Australia would be likely to be "marginally reduced" over the next five months, with Greenbushes being Australia’s biggest and most lucrative lithium mine. IGO and Tianqi own 51 per cent of Greenbushes under a joint venture, with the remaining 49 per cent owned by New York-listed Albemarle. The owners of Greenbushes place a priority on the production of battery-grade lithium chemicals, and with reduced demand for battery-grade lithium chemicals resulting from weaker-than-expected electric vehicle sales, Albemarle and Tianqi have elected to order less lithium from Greenbushes.

CORPORATES
IGO LIMITED – ASX IGO, TIANQI LITHIUM CORPORATION, ALBERMARLE CORPORATION

Sara Lee sold to former Darrell Lea owner and race car champion

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Original article by Jessica Yun
Brisbane Times – Page: Online : 30-Jan-24

FTI Consulting received approaches from about 60 local and international parties about buying the Australian arm of Sara Lee. The administrators of the frozen desserts brand has struck a deal to sell the business to Klark and Brooke Quinn for an undisclosed price. The Quinn family had previously bought collapsed confectionary icon Darrel Lea and turned around its fortunes before selling the business to a private equity firm. Sara Lee went into voluntary administration in October 2023.

CORPORATES
SARA LEE AUSTRALIA PTY LTD, FTI CONSULTING PTY LTD, DARRELL LEA CONFECTIONERY COMPANY PTY LTD

Citi tips iron ore to reach $US150 on China hopes

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Original article by Alex Gluyas
The Australian Financial Review – Page: 23 : 30-Jan-24

Iron ore futures traded in Singapore rose to $US136 a tonne after the People’s Bank of China announced plans to inject more liquidity into the financial system. There have also been reports that the Chinese government may consider measures to stabilise the nation’s sharemarket. Citigroup has in turn maintained its forecast for the price of iron ore to reach $US150/tonne over the next three months. The firm has also upgraded its copper price forecast to $US8,800 per tonne.

CORPORATES
CITIGROUP INCORPORATED, PEOPLE’S BANK OF CHINA

ALP support plunges 2% after breaking promise on Stage 3 tax cuts: ALP 50.5% cf. L-NP 49.5%

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Original article by Roy Morgan
Market Research Update – Page: Online : 30-Jan-24

The latest Roy Morgan survey on Federal voting intention shows that support for Labor has fallen by 2% to 50.5% on a two-party preferred basis, and is now just ahead of the Coalition on 49.5% (up 2%). Support for Labor fell after the government broke its promise not to change the stage-three tax cuts; if this week’s result was repeated at a Federal Election held now there would be a hung parliament, with the balance of power held by minor parties and independents. Labor’s primary support dropped 1.5% to 31%, while Coalition support increased by 1.5% to 37.5%. The Greens increased 0.5% to 13% and One Nation increased 0.5% to 5%. Support for Independents & Other Parties was down 1% to 13%. The latest Roy Morgan survey is based on interviewing a representative cross-section of 1,688 Australian electors from January 22-28.

CORPORATES
ROY MORGAN LIMITED, MORGAN POLL, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS, ONE NATION PARTY

Roy Morgan Business Confidence increased 5.3pts to 91.1 in December – after the RBA left interest rates unchanged at 4.35%

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Original article by Roy Morgan
Market Research Update – Page: Online : 24-Jan-24

In December 2023, Roy Morgan Business Confidence was 91.1 (up 5.3pts since November). The rebound in Business Confidence came after the RBA left interest rates unchanged at 4.35% in its final meeting for the year in early December. Business Confidence has now spent a record eleven consecutive months below the neutral level of 100, the longest stretch in negative territory in the history of the index dating back to 2010. Business Confidence is now 20.1pts below the long-term average of 111.2. Businesses are worried about the performance of the Australian economy, with 64% expecting ‘bad times’ for the economy over the next year and 59% expecting ‘bad times’ for the economy over the next five years. Nevertheless, businesses remain relatively positive about their own prospects over the next year; 42.8% say they will be ‘better off’ financially this time next year, while only 25.4% say they will be ‘worse off’ – a positive net rating of 17.4% points. The Roy Morgan Business Confidence results for December are based on 1,497 detailed interviews with a cross-section of Australian businesses from each State and Territory.

CORPORATES
ROY MORGAN LIMITED

Morrison quits to join forces with Pompeo

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Original article by Simon Benson
The Australian – Page: 1 & 2 : 24-Jan-24

Former prime minister Scott Morrison will become the vice-chairman of American Global Strategies following his retirement from parliament at the end of February. The boutique strategic advisory firm was co-founded by Robert O’Brien, a former national security adviser to the Trump administration. Morrison will also work with former US secretary of state Mike Pompeo as a strategic adviser to asset management firm DYNE. The by-election in Morrison’s Sydney seat of Cook is expected to be held ahead of the federal government’s budget in May; Morrison retained the seat with a comfortable margin at the 2022 election, despite a large swing against him.

CORPORATES
AMERICAN GLOBAL STRATEGIES