Analyst news

• 'We wish the rescuers won't stop': miners trapped underground for more than a week send note to surface

  18-01-2021 23:07 via abc.net.au
  
  After days without signs of life, rescuers hear knocking sounds and later receive a hand-written note from the gold miners trapped underground in China, who ask for medication and warn they are surround by water.
  
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• ASX to rise, as global markets waver on COVID-19 recovery doubts

  18-01-2021 22:57 via abc.net.au
  
  Australian shares are expected to start the day higher, following a subdued overnight session across overseas markets. Market analysts say sporadic COVID-19 outbreaks in China are intensifying the risks for its economic recovery.
  
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• ASX rises, as global markets waver on COVID-19 recovery doubts

  18-01-2021 22:57 via abc.net.au
  
  The ASX has risen in early trade, as shares in recycling firm Bingo Industries skyrocket on $2.3 billion takeover bid. Market analysts say sporadic COVID-19 outbreaks in China are intensifying the risks for its economic recovery.
  
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• ASX jump, as global markets waver on COVID-19 recovery doubts

  18-01-2021 22:57 via abc.net.au
  
  The ASX has risen in afternoon trade, as shares in recycling firm Bingo Industries skyrocket on $2.3 billion takeover bid. Market analysts say sporadic COVID-19 outbreaks in China are intensifying the risks for its economic recovery.
  
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• Powerful NT land council opposes plan for park entry fees over tourism fears

  18-01-2021 22:52 via abc.net.au
  
  The chief executive of the Northern Land Council says during a global pandemic is not the time for the NT Government to introduce national park entry fees, with traditional owners and tourism operators already exposed to great uncertainty.
  
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• Port town a step closer to actually having a port for the first time 50 years

  18-01-2021 21:54 via abc.net.au
  
  Port Augusta hasn't had a working port in half a century, but that's set to change now that the SA Government has approved a development on the site of a demolished power station.
  
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• Reserve Bank documents show super cannot rise without stalling wage growth

  18-01-2021 19:34 via abc.net.au
  
  Will a rise in the rate of superannuation cost workers future rises in their wages? Confidential documents from inside the Reserve Bank of Australian show our central bank's position on this contentious economic question.
  
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• 'No hope of recovery': Tourism industry fears what protracted border closures could mean

  18-01-2021 15:04 via abc.net.au
  
  With international borders likely to remain closed for much of 2021 Australia's tourism industry has demanded more financial support from the Government.
  
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• JobSeeker rate dips to 'normal' from April

  18-01-2021 10:00 via businessnews.com.au
  
  Australians on unemployment support are expected to again receive $40 a day from April when the coronavirus supplement ends.
  
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• ASX drops 0.78%as US stimulus vote looms

  18-01-2021 08:54 via businessnews.com.au
  
  Investors have had their biggest loss in a week on the Australian share market and will be hoping US president-elect Joe Biden's stimulus plan is passed after he takes office this week.
  
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• Premier retail chief steps down

  18-01-2021 08:51 via businessnews.com.au
  
  Mark McInnis has stepped down as chief executive of Premier Investments, the company behind retail franchises Just Jeans, Peter Alexander and Smiggle.
  
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• Approval imminent for $40m towers

  18-01-2021 08:37 via businessnews.com.au
  
  The City of South Perth has recommended the state’s planning commission approve an owner-led proposal for a residential apartment complex when it meets later this week.
  
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• Scarborough offtake deal doubled

  18-01-2021 08:29 via businessnews.com.au
  
  Woodside has doubled a supply contract for its proposed Scarborough project, following a record year for Australian production and LNG prices hitting highs.
  
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• Virgin executive team reshuffle

  18-01-2021 08:01 via businessnews.com.au
  
  A slew of external hires head up Virgin Australia’s newly minted executive team, with outsiders named to key operational, corporate affairs and finance management roles.
  
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• WA sands mine recommended for approval

  18-01-2021 08:00 via businessnews.com.au
  
  Rockingham-based Doral is set to develop its fourth mineral sands project in WA after the proposed mine was recommended for approval by the state’s environmental authority.
  
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• Don't be prima donnas: McGowan

  18-01-2021 08:00 via businessnews.com.au
  
  Premier Mark McGowan has urged athletes travelling to Victoria for the Australian Open to accept the rules and not be “prima donnas”.
  
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• Forrestfield-Airport Link on track for 2021

  18-01-2021 07:30 via businessnews.com.au
  
  The state’s $1.86 billion Forrestfield-Airport Link is on track for completion by later this year, with Redcliffe Station to be operational by December.
  
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• China imports record ore tonnage

  18-01-2021 07:23 via businessnews.com.au
  
  China’s iron ore imports hit a record volume last year, helping to explain the surprising strength in the commodity’s price and underpinning higher profits for the big miners.
  
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• Overseas travel remains unlikely this year

  18-01-2021 07:00 via businessnews.com.au
  
  The head of Australia's health department believes it is unlikely international borders will substantially reopen this year, even if most people are vaccinated against coronavirus.
  
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• Super Retail, JB Hi-Fi's first-half earnings boom

  18-01-2021 06:00 via businessnews.com.au
  
  Two retail groups which own the Supercheap Auto and JB Hi-Fi stores have reported bumper first-half earnings during the pandemic.
  
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• South32 awards $224m extension

  18-01-2021 05:30 via businessnews.com.au
  
  Adbri will continue supplying lime to the Worsely alumina and bauxite refinery in WA after securing a five-year extension with the plant's majority owner, South32.
  
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• Adbri wins $224m extension with South32

  18-01-2021 05:30 via businessnews.com.au
  
  Adbri will continue supplying lime to the Worsely alumina and bauxite refinery in WA after securing a five-year extension with the plant's majority owner, South32.
  
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• Death of INXS 'ideas man' casts doubt over future of ambitious museum project

  18-01-2021 05:05 via abc.net.au
  
  INXS manager Chris Murphy had plans to build an X-shaped museum in Ballina, but it's unclear what the industry giant's death will mean for the long-awaited project.
  
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• WA leads building approvals

  18-01-2021 04:16 via businessnews.com.au
  
  Western Australia recorded the largest improvement in building approvals of all states, underpinned by government stimulus measures and first homebuyer demand.
  
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• Less danger from JobKeeper end: Deloitte

  18-01-2021 03:00 via businessnews.com.au
  
  Deloitte Access Economics believes the recovery in the jobs market so far makes it less dangerous for JobKeeper to end in March.
  
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• Figures point to strong rebound: Treasurer

  18-01-2021 03:00 via businessnews.com.au
  
  Josh Frydenberg says economic indicators are all pointing in one direction and to an Australian economy that is bouncing back strongly.
  
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• Perth entrepreneurs acquire Kingman Visual

  18-01-2021 02:00 via businessnews.com.au
  
  Local businessman Norman Asch and accounting firm partner Todd Grover have become the majority shareholders in Western Australian sign-making company Kingman Visual.
  
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• $4,000 in gifts for Perth council

  18-01-2021 01:00 via businessnews.com.au
  
  City of Perth councillors have accepted thousands of dollars’ worth of gifts since October, with Perron Group, Rio Tinto and Primewest among a notable list of benefactors.
  
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• ASX trading lower but China's economy continues to grow

  18-01-2021 00:57 via abc.net.au
  
  The superpower's economy is reported to have grown 6.5 per cent in the fourth quarter, on a year earlier, topping forecasts of 6.1 per cent.
  
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• ASX trading lower as retailer sees boost from COVID campers

  18-01-2021 00:57 via abc.net.au
  
  Super Retail Group is voluntarily handing back almost $2 million in JobKeeper wage subsidies due to its sales rising during the pandemic.
  
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• ASX trades lower but China's economy continues to grow

  18-01-2021 00:57 via abc.net.au
  
  The superpower's economy is reported to have grown 6.5 per cent in the fourth quarter, on a year earlier, topping forecasts of 6.1 per cent.
  
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• ASX opens lower as retailer sees boost from happy Australian campers

  18-01-2021 00:57 via abc.net.au
  
  Super Retail Group is voluntarily handing back almost $2 million in JobKeeper wage subsidies due to its sales rising during the pandemic.
  
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