2019
03/21

Category:
南京夜网

COMMENTS:
Comments Closed

Australian shares end the week in a correction after weak earnings growth

The ASX finished the week in a technical correction, pushed down amid a storm of profit announcements of weak earnings growth. Photo: Dominic LorrimerReporting season had a dismal second week that dragged the Australian equities market to a seven-month low and into a technical correction as profit numbers underwhelmed and a shock devaluation of the yuan sparked volatility in global markets.
Nanjing Night Net

The sharemarket slumped into official correction territory on Wednesday with the benchmark S&P/ASX 200 index falling 10 per cent below its April high. Friday reinforced that trend, as energy names and the big banks helped push the benchmark index down 32 points, or by 0.5 per cent, to 5356.5, and 2.2 per cent lower for the week.

The week was dominated by a hectic schedule of profit reports, a $5 billion capital raising by the Commonwealth Bank of Australia, and a surprise devaluation of the Chinese currency, which spooked global markets and triggered further volatility in commodity prices.

On Friday energy companies suffered the heaviest share price falls as the oil price continued to come under pressure. Santos plunged 9 per cent on the day to $5.99, down 11.3 per cent for the week, as investors fretted over the possibility the debt-laden company would need to raise capital. Woodside Petroleum was down 3.3 per cent on Friday and for the five sessions to $32.84.

The week saw major companies such as the Commonwealth Bank, Telstra and property powerhouse Mirvac release results, as well as Ansell, Cochlear and Fairfax Media.

Tribeca senior fund manager Sean Fenton said the disappointing week was due to weak earnings growth across the board.

“There seems to be a general inability, especially at the larger end of the market, to actually grow earnings,” Mr Fenton said. “Some companies have pulled off significant jumps but it remains to be seen if these are not just one-offs.”

Mr Fenton said poor earnings growth was particularly hurting the big banks, which are faced with further challenges around raising capital to satisfy increasingly stringent regulatory requirements.

“There are a few different moving parts in banks but when you force them to raise more capital it tends to damage their earnings. Their lending books are so big now that the ability to grow it is limited as costs keep rising.”

The Commonwealth Bank on Wednesday announced a $9.4 billion profit and a $5 billion fundraising round to bolster its capital reserves and entered a trading halt. But the move pushed the financial sector into the red with ANZ Banking Group finishing the week down 1.6 per cent at $29.29, National Australia Bank finishing 3.2 per cent lower on $31.76 and Westpac Group closing the week at $31.33 down 1.5 per cent.

Another ASX-topping company shedding value was Telstra. The telco giant’s shares tumbled 3.3 per cent this week to close at $6.08, despite meeting  $4.23 billion full year profit and upping its dividend from 29.5 cents to 30.5 cents.

Among the more encouraging earnings results were JB Hi-Fi reporting a 6.3 per cent rise in profits and Automotive Holdings 20.8 per cent jump in its annual earnings.

The biggest gainers of the week were Greencross, up 23.8 per cent to $7.13, after the pet care business bounced back on strong results after months of sell offs triggered by a slight profit downgrade, and News Corp, up 8.8 per cent to close the week at $20.17, despite posting a $202 million net loss, due to a $617.4 million impairment related to its restructuring.

Some of the biggest losses of the week was sustained by Ansell, after revealing profits that had been buffeted by currency shifts throughout the year. The stock finished the week down 14.2 per cent at $21.24. Computershare also disappointed jittery investors with its profit release, and its shares plunged 17.2 per cent over the five sessions to finish at $9.84.

Meanwhile, China’s currency devaluations sparked heavy volatility across Asia-Pacific financial markets, which kept a lid on the big miners despite a small pick-up in iron ore late in the week.

Rio Tinto finished the week at $51.13, down by 4 per cent while BHP Billiton finished at $25.32, down 2.4 per cent. Fortescue Metals group was down 4.8 per cent to $1.79 while Newcrest Mining almost had a good week as the gold price recovered, down only 0.1 per cent to finish at $10.95.

One of the worst company reports of the week was Atlas Iron. The company has a market cap of just below $80 million but it reported a staggering $1.4 billion loss due to this year’s plummeting iron ore price. It finished the week at 31¢, down by 3.1 per cent.

This story Administrator ready to work first appeared on Nanjing Night Net.

2019
03/21

Category:
南京夜网

COMMENTS:
Comments Closed

‘Bureaucrats should get off Facebook’

Cyber warriors: Nuix chief executive Eddie Sheehy with former Pentagon investigator Keith Lowry. Photo: Louie DouvisIslamic State posts Australian hit list after hackDefence staff should ‘erase their online lives’Insiders a ‘greater threat to security than cyber attacks’More public service news
Nanjing Night Net

Most public servants should quit Twitter and Facebook or at least minimise their use of social media, lest they become unwilling agents of terrorists or criminals, a top data investigator says.

Eddie Sheehy, the head of global forensic data firm Nuix, said this week’s release of an Islamic State “kill list” – apparently stolen from a credit card database – was an example of terrorists’ increasing reliance on cyber attacks for propaganda, funding and intelligence.

He advised Canberra public servants, most of whom are security vetted and have access to at least some classified information, to avoid posting any details of themselves online, as they could be blackmailed or seduced into aiding enemies.

Islamic State published personal details of more than 1400 people this week and urged its followers to kill them.

Most of the people named were linked to the US military, though the list included at least eight Australians, including ADF employees and their relatives, a Victorian MP and several public servants.

Mr Sheehy – whose staff include former Pentagon official Keith Lowry, who investigated the massive Wikileaks intelligence breaches involving Edward Snowden and Chelsea (then Bradley) Manning – said while the latest hack was “not that extensive”, the details stolen could prove “very important” to the terrorists.

“Look how much we’re talking about it, and the propaganda value of that [to IS],” he said.

“But also, once you start getting little bits of information, you can add them together to create a picture of an individual.

“Once you get their telephone number you can ring it and can probably get their geolocation. So you know where they are, you know when they’re at home and when they’re not.”

Mr Sheehy “totally agreed” with the advice of Melbourne IT academic and former army officer Mark Gregory, who said anyone connected with Australia’s military – be they enlisted personnel, Defence Department bureaucrats or contractors – should erase their online profiles.

After a university database at the Australian Defence Force Academy was hacked in 2012, exposing the identification details of about 10,000 students and 1900 staff, Dr Gregory called social media a “goldmine” for the nation’s enemies.

He recommended that “on the day [ADFA] cadets enlist, their entire electronic lives be erased”.

“They should have no Facebook accounts, no Google accounts, no iTunes accounts. They should not exist on digital networks until they retire from Defence.”

Surveys suggest a third to a half of all cyber-security breaches are aided by insiders, who are motivated by a wide range of factors.

Mr Sheehy said cyber terrorists and criminals were constantly searching for individuals inside the organisations they had targeted, whom they could either encourage or force to help them steal data.

Social media was an obvious means of finding the right victims.

“In the end, you’re creating a picture of yourself that can be used by anybody,” Mr Sheehy said of social network posts.

“You’re giving people information that they can use to your disadvantage.”

This story Administrator ready to work first appeared on Nanjing Night Net.

2019
03/21

Category:
南京夜网

COMMENTS:
Comments Closed

Wed happily ever after

HAPPY: Hilda and Harold Biggs still make each other laugh after 70 years of marriage. They will celebrate the anniversary of their Ballarat war-time wedding this week. Picture: Lachlan BenceIn some ways, does it still feel like your wedding was just like yesterday?
Nanjing Night Net

Hilda and Harold Biggs say not at all, really. Seventy years have passed since their special day and Hilda saidso much has happened since.

Yet she can still clearlyrecount the red carpet laid out from council at St Andrew’s Kirk in Sturt Street. The bells pealing from the town hall. They wed on August 18 at 2pm. Another wedding followed at the church later that afternoon.

Harold and Hilda were married 10 days before end of war celebrations erupted on Ballarat streets in 1945. But their wedding festivities were impressive too. The couple had a big wedding with lots of family and work friends. Even their work superiors were in attendance at the church.

They say there are no secrets to making along and happy marriage –they have facedtheir share of life’s rollercoasters. They just enjoy spending time with each other and their family. Wherever their journey has taken them, they have moved as a family to stay together.

And they dance.

Hilda said they had always danced together. They have long been involved in highland dancing as a family and have attended many Maryborough Highland Gatherings for New Years.

This is a big year for the couple. Harold turned 90 last week, Hilda turns 90 in December and they mark their 70thwedding anniversary on Tuesday. Their anniversary celebrations will be a little more low-key than the day they wed. Family, and a few extras, will gather for a party. They share three children, six grandchildren and 10 great-grandchildren.

Hilda said most of their closest friends were up north, mostly in Queensland, for an extended hiatus through the Ballarat winter months. Their friends ensured they made a big fuss of Harold’s 90thbirthday. A line of colourful cards lines a side table in their dining room.

This couple remains fiercely independent. They like to potter about their garden and Hilda still does a little driving.

Hilda enjoys a chat and Harold is quiet and patient. Their children say they complement each other.

And they still make each other laugh.

A candid photo shoot withThe Courieron Friday definitely captured that.

This story Administrator ready to work first appeared on Nanjing Night Net.

2019
03/21

Category:
南京夜网

COMMENTS:
Comments Closed

Nobbys may remain closed after another shark sighting

Nobbys may remain closed after another shark sighting Another shark sighting closes Nobbys Beach. Picture: Darren Pateman
Nanjing Night Net

Nobbys closes after another shark sighting: Ski paddler Greg Goodwin raised the alarm. Another shark sighting closes Nobbys Beach. Picture: Darren Pateman

Another shark sighting closes Nobbys Beach. Picture: Darren Pateman

Nobbys closes after another shark sighting: Ski paddler Greg Goodwin raised the alarm. Another shark sighting closes Nobbys Beach. Picture: Darren Pateman

TweetFacebookNOBBYS Beach may be closed on Saturday because of a shark residing near the shore.

The beach has been closed twice in the past two days after a shark was sighted near the reef.

Greg Goodwin saw the shark’s fin not far from the reef on Friday while he was 300 metres from the shore.

He used the reef to hide from the shark, which was about 60 metres away, and watched it closely.

After 10 minutes of constant surveillance he hurried back to the beach and raised the alarm.

‘‘It was a single fin and it was not small either,’’ he said.

‘‘It’s the first shark I’ve seen in that area and I’ve been coming here for 25 years.’’

‘‘It’s the first shark I’ve seen in that area and I’ve been coming here for 25 years”: Greg Goodwin. Picture: Darren Pateman

Nobby’s Surf Life Saving Club will search the area on Saturday before re-opening the beach.

Mr Goodwin said there was a large crowd of bait fish and a lot of seaguls around the reef, which could explain why the shark was hanging around.

2019
03/21

Category:
南京夜网

COMMENTS:
Comments Closed

Christ Church flower festival more than a fundraiser

CHRIST Church Cathedral is promoting next month’s annual flower festival as more than a fundraising event.
Nanjing Night Net

The Very Reverend Stephen Williams in the cathedral. Picture: Peter Stoop

In announcing this year’s program, the Dean of Newcastle, Stephen Williams, said the centenary of Anzac added a poignant note, given the many historic associations that Christ Church had with the Great War.

‘‘This year’s festival will fill the cathedral with themed floral tributes to our servicemen and women across the past 100years,’’ Father Williams said.

The festival runs from Friday, September 4 until Monday, September 7, with an official opening being held on the evening of Thursday, September 3.

Father Williams said the Governor of NSW, David Hurley, would open the festival on the Thursday night, with guests including Williamtown RAAF commander Air Commodore Steve Roberton.

While the flowers would be the headline attraction, Father Williams said the open cathedral also gave people an opportunity to view some of the lesser-known parts of the building, including the Warrior’s Chapel and the associated collection of military treasures.

The Warrior’s Chapel, also known as the St Michael Chapel, dates from 1924.

At its southern end, Father Williams pointed out a shrine known as the Forster Monument, a memorial ‘‘to the fallen’’ that was modelled on a young Alfred Henry Forster, who died in 1919.

His father, Sir Henry William Forster, was Australian governor-general from 1920 to 1925.

He lost his two sons to the war and Father Williams said the Warrior’s Chapel was regarded as the oldest war memorial in Australia.

Father Williams said the festival would help raise funds for the maintenance of the cathedral, which was a constant effort.

Tickets were $10 for adults and $5 for children with an $8 concession price.

The displayed arrangements would be sold through a silent auction that would finish on the Monday.

2019
02/21

Category:
南京夜网

COMMENTS:
Comments Closed

Grand gesture: anonymous donation fast-tracks cancer trials

SAVING LIVES: Cancer Care Western NSW fundraising committee chair Jan Savage, oncologist Dr Rob Zielinski and Orange mayor John Davis at yesterday’s announcement. Photo JUDE KEOGH 0814carewest4THERE were cheers and tears at Orange hospital yesterday when it was announced cancer trials in Orange would be fast-tracked, following an anonymous donation of $100,000 and a grant of $150,000 from Cancer Care Western NSW.
Nanjing Night Net

The extra funding means more than 70 patients can be placed in trials 18 months ahead of the scheduled trial start date.

Dr Rob Zielinski, who is leading the new cancer trials at the hospital, says he feels humbled by the generous financial support.

“For every $10,000 we receive it means another four patients can be put into trials,” he said.

Dr Zielinski said the first major trial Orange had secured would start towards the end of the year, far ahead of schedule.

“We will use new immunotherapy drugs for stage four incurable cancer patients,” he said.

Making the surprise announcement yesterday while handing over another cheque for $150,000 from Cancer Care Western NSW, fundraising chair Jan Savage said the anonymous $100,000 donation came as a complete shock.

“This person is just incredibly charitable and this is a generous gesture by someone who is full of humanity,” she said.

“This person really cares about the people who come into this hospital to have their treatment and they hope that by providing this income of $100,000 they will be able to see the cancer trials expand here at the hospital and services continue to grow,” she said.

Among those at the announcement, were cancer survivors who were put on a limited trial last year when seed funding was provided.

Both were diagnosed with incurable cancer.

“The simple fact is I wouldn’t be here if it wasn’t for Rob [Dr Zelinski] putting me on the trial,” Don Wheeler said.

Fellow patient Stephen Jones, who has also had an improved outcome from being on a trial, said he was encouraged to take part.

“Dr Zelinski really wanted me to be part of it and I owe it all to him,” he said.

Before being placed on an Orange-based trial Mr Wheeler had travelled 37,000 kilometres to access cancer treatment in Sydney.

Orange mayor John Davis, who is also the Cancer Care Western NSW patron, says Orange’s fundraising success for the cancer trials in such a short period of time builds on the community’s previous generosity to raise funds to build the Western Care Lodge accommodation service.

“Our challenge now is how far we can keep going with this,” he said.

[email protected]南京夜网419论坛

This story Administrator ready to work first appeared on Nanjing Night Net.

2019
02/21

Category:
南京夜网

COMMENTS:
Comments Closed

Firefighters forced to break into car to fight fire at Kardinya home

Firefighters battle the blaze in Kardinya. Firefighters battle the blaze in Kardinya.
Nanjing Night Net

Firefighters had to break into a car on the driveway of a Kardinya home to move it and fight the fire engulfing the home’s roof and garage.

A DFES spokeswoman said four fire trucks from Murdoch and Fremantle rushed to the blaze on Petterson Avenue, at the intersection of McCombe Street, after an emergency call about 12.15pm, when an onlooker saw a big plume of smoke.

The spokeswoman said firefighters had to force their way into the car on the driveway so they could move it and get the fire under control, which they did by about 1.15pm.

They then searched the home to make sure no one was inside.

The fire is not yet fully extinguished, so any estimate on damage is not yet available.  Follow WAtoday on Twitter

This story Administrator ready to work first appeared on Nanjing Night Net.

2019
02/21

Category:
南京夜网

COMMENTS:
Comments Closed

Private hunting parks to be considered by NSW parliament

Shooters party members Robert Borsak and Robert Brown want private hunting reserves to be permissable in NSW. Photo: Steven SiewertA bill to allow private hunting reserves – or game parks – in NSW will be debated in state parliament after the Shooters and Fishers Party succeeded in getting the issue on the agenda.
Nanjing Night Net

Shooters and Fishers MP Robert Brown said his bill would amend the Prevention of Cruelty to Animals Act and other acts to repeal the current ban on private game reserves to hunt animals and trap shooting of birds.

The government says the bill will be considered by cabinet “in line with standard practice”.

But Mr Brown has rejected suggestions by the Greens that the move is part of a deal with the government after the Shooters and Fishers helped defeat a bill that would have banned coal seam gas in parts of the state.

“There is no deal”, he said.

Mr Brown said game parks are legal in Tasmania, Victoria, South Australia, Queensland and the Northern Territory, but not the ACT.

The fact that NSW has had a ban in place since the late 1980s is anti-competitive, he said.

“It is a fairly valuable industry for rural areas,” Mr Brown said.

Mr Brown said he expected that if the ban was lifted the initial industry would be for game birds such as ducks, quail and pheasant because they were low cost and did not require modification to the property, such as fences.

Game reserves for the hunting of other animals such as deer, pigs and foxes would emerge “in time”.

Greens MP Jeremy Buckingham said the party was concerned the government had agreed to support the game parks bill “in return for their vote against the bill that would have established a moratorium on coal seam gas and bans in certain areas of NSW”.

The Greens bill was defeated 19 votes to 16 in the upper house on Thursday, with Shooters and Fishers Party support.

But Mr Brown, who won the right to have a private members’ bill considered following random draw in the upper house, said the decisions to vote against the CSG bill and put forward his game park bill were “coincidental”.

Greens MP David Shoebridge said: “The very idea of game parks, where well-armed hunters pay to kills animals that simply can’t get away is not only deeply sad, it’s offensive,”

A spokesman for Premier Mike Baird said cabinet and the joint party room “will approve a government position on this private member’s bill before it is considered by the Parliament.”

This story Administrator ready to work first appeared on Nanjing Night Net.

2019
02/21

Category:
南京夜网

COMMENTS:
Comments Closed

Wharfies temporarily win back jobs but greeted by security staff

Sacked Hutchison Ports workers have been granted an injunction by the Federal Court, but a security cordon remained at the Sydney work site on Friday. Photo: Jorge BrancoHutchison Ports workers who temporarily won their jobs back on Thursday night after being sacked by text message the previous week say they were confronted by security staff when they returned to the Port Botany work site on Friday morning.
Nanjing Night Net

The 97 workers in Sydney and Brisbane who were sacked overnight on Thursday last week won their jobs back until August 31, after the Federal Court granted a temporary injunction against the company.

But when they returned to work at 6am on Friday, those in Sydney said they were confronted by security staff at Port Botany. Workers in Brisbane were not prevented from returning.

Sydney staff returned for the start of the 2pm shift, but the Maritime Union of Australia said three were excluded because they were among the 97 who were sacked.

The union and company lawyers met in the Fair Work Commission again later in the afternoon in response to the company’s request for a return to work order for staff who have been taking part in a picket line in solidarity with their sacked colleagues.

The Federal Court Justice Darryl Rangiah​ issued a temporary injunction on Thursday night restraining Hutchison Ports Australia from sacking the 97 workers until August 31, when the case is due to return to the Federal Court.

Maritime Union of Australia national secretary Paddy Crumlin, who addressed staff at Port Botany on Friday, said a functional relationship between workers and the company needed to be re-established.

“And to have that, we don’t need the sophistry of the legals,” Mr Crumlin said.

“We were here at 6 o’clock. There was no one here greeting them from the company.

“They still had the cordon of the security.”

Mr Crumlin said his members “honestly want to go back to work”.

“These are the people that have been ripped out of the heart of their workforce.

“And if you don’t have work you haven’t got a life, you can’t educate your kids.”

The MUA has accused the company of deliberately sacking its members as part of a “union busting” strategy.

Hutchison Ports Australia has refused to comment.

This story Administrator ready to work first appeared on Nanjing Night Net.

2019
02/21

Category:
南京夜网

COMMENTS:
Comments Closed

New water rules for river

Hindmarsh Shire has proposed new Wimmera River operating rules.HINDMARSH Shire Council has proposed new waterway rules for the Wimmera River in a bid to protect banks.
Nanjing Night Net

New rules for Dimboola and Jeparit will determine operating times and restrict boat sizes.

Hindmarsh chief executive Tony Doyle said council was concerned about at the state of the river banks.

“We have a number ofskiing areas along the Wimmera River, we wanted to introduce a measure to try to protect the banks,” he said.

“Ultimately we want to reduce the rate of erosion caused by boats,” he said.

At bothDimboola and Jeparit, boats cannot be longer than 6.4 metres.

Towed sports will be prohibited between 6pm and 10am in November andApril and between sunset and sunrise from December to March.

Mr Doyle said passengers would berestricted to onlyfour people for each boat, whenever the boatis towing.

Children less than 12 years old will be counted as half a person.

Mr Doyle said the river was a major tourist attraction and a hub for activities such a water skiing, wake boarding, swimming and fishing.

“Council recognises there are some major issues associated with the effects of excessive wake on the river banks,” he said.

“The effect of the wake has caused tree and river bank erosion.

“Council believe that by limiting excessive wakes and introducing operating times, environmental damage can be minimised.”

Boats must not exceed 40 knots an hour when towing a barefoot skier and 31 knots an hour when towing a skier,wake boarder or any other towed device.

People cannot operate the vessel in a way that causes an excessive wake or bow wave.

Any water skier or wake boarder being towed shall swim to the right bank whenever they lose the tow rope and make themselves obvious to any approaching boats.

My Doyle said council had worked with the community to put together the proposed rules.

“The Dimboola Boat and Water Ski Club has been very involved throughout the whole process,” he said.

“They are one of the groups that raised the issue about the state of the river bank in the first instance.

“They are working as hard as anyone else to make sure the banks are preserved.”

The community can make submissions on theproposed rules.

“People have been actively submitting feedback and we are pleased with the level of interest so far,” Mr Doyle said.

He said the rules were designed to minimise risk and reduce environmental effects, without compromising water activities.

Council will accept written submissions untilFriday.

This story Administrator ready to work first appeared on Nanjing Night Net.