Analyst news

• Tens of thousands of Hyundai Tucsons recalled over fears engines could catch fire

  04-02-2021 23:34 via abc.net.au
  
  Owners of Hyundai Tucsons made from 2015 to 2021 are told to park the vehicles in an open space away from garages and flammable materials due to fears a manufacturing error in the model's ABS circuit board could see it catch fire.
  
  Read more

• 1 in 3 small businesses chalk up COVID losses

  04-02-2021 23:30 via businessnews.com.au
  
  More than a third of WA's small businesses reported a loss in revenue due to the first wave of COVID-19 infections, according to Bankwest Curtin Economics Centre.
  
  Read more

• Barilaro vows to overturn planning body's decision to block $956m coal mine expansion

  04-02-2021 22:47 via abc.net.au
  
  The NSW Deputy Premier slams a decision by the Independent Planning Commission to reject the Dendrobium mine expansion project beneath Sydney's drinking water catchment, vowing to introduce legislation to overturn the ruling.
  
  Read more

• $956m coal mine expansion beneath Sydney's water catchment rejected, citing environmental impacts

  04-02-2021 22:47 via abc.net.au
  
  The NSW Independent Planning Commission knocks back the proposed expansion of South32's Dendrobium mine west of Wollongong, finding the adverse environmental impacts would be long-term and irreversible.
  
  Read more

• Advertisement

• 'I will not sell': Reddit users defy GameStop's $30b plunge; ASX to recover as Wall Street jumps on stimulus bets

  04-02-2021 21:41 via abc.net.au
  
  The Australian share market is set to recover from yesterday's losses, following sharp rises on Wall Street overnight, while the GameStop sell-off has accelerated as retail investors abandon the "meme stock".
  
  Read more

• 'I will not sell': Reddit users defy GameStop's $30b plunge; ASX jumps on Reserve Bank stimulus

  04-02-2021 21:41 via abc.net.au
  
  The Australian share market has jumped after Wall Street hit new record highs, while the GameStop sell-off has accelerated as retail investors abandon the "meme stock".
  
  Read more

• GameStop crashes below $US54; Australian shares to recover as Wall Street jumps on Biden stimulus bets

  04-02-2021 21:41 via abc.net.au
  
  The Australian share market is set to recover from yesterday's losses, following sharp rises on Wall Street overnight, while the GameStop sell-off has accelerated as retail investors abandon the "meme stock".
  
  Read more

• ASX jumps as Christmas sales lift above pre-COVID levels; GameStop sheds $US30b in a week

  04-02-2021 21:41 via abc.net.au
  
  The local share market jumps after Wall Street hits record highs, while the Reserve Bank warns most Australians are unlikely to see big pay rises for years.
  
  Read more

• Advertisement

• 'Doctor shopping' and bullying claimants: Allegations Comcare engaging in unethical behaviour

  04-02-2021 19:52 via abc.net.au
  
  An investigation by the ABC reveals the federal workplace insurer Comcare repeatedly uses doctors accused of bullying injured claimants, paying some upwards of $8,000 for medical reports that are relied on to deny claims.
  
  Read more

• 'Latest in many disappointments': Traditional owners send scathing letter to Rio Tinto

  04-02-2021 19:46 via abc.net.au
  
  Multinational miner Rio Tinto is facing a fresh and highly charged disagreement with the Aboriginal traditional owners of the Juukan Gorge heritage site, which the company blew up last year.
  
  Read more

• Chinese company's multi-billion-dollar plan for island just off Australian mainland

  04-02-2021 15:46 via abc.net.au
  
  A Chinese company puts forward a multi-billion-dollar plan to build a new city on the Papua New Guinean island of Daru, which sits on the sea border with Australia.
  
  Read more

• Businesses, schools to reopen, but masks remain

  04-02-2021 13:56 via businessnews.com.au
  
  From 6pm tomorrow, several of WA’s COVID-19 restrictions will be lifted as part of the state’s transition out of the five-day lockdown, but masks will remain mandatory.
  
  Read more

• New device deployed to stop runaway heavy vehicles during roadworks on the South Eastern Freeway

  04-02-2021 12:16 via abc.net.au
  
  A specially modified stationary truck will be used to stop out-of-control heavy vehicles at the bottom of the South Eastern Freeway while roadworks are carried out near the arrester beds.
  
  Read more

• PM talks with global Google boss over code

  04-02-2021 10:00 via businessnews.com.au
  
  Negotiations over the government's media code has reached the highest levels, with Prime Minister Scott Morrison having a "constructive" meeting with Google's global boss.
  
  Read more

• Customers question higher ferry prices in wake of $6m subsidy to Spirit of Tasmania

  04-02-2021 09:42 via abc.net.au
  
  Spirit of Tasmania fares have risen according to some passengers and federal MP Andrew Wilkie, despite TT-Line benefitting from a federal subsidy aimed at wiping the cost of bringing a car to the state.
  
  Read more

• COVID-19 Wrap: No new cases, vaccine rollout on track

  04-02-2021 08:38 via businessnews.com.au
  
  In today's COVID-19 Wrap, WA records its fourth day with no new locally acquired cases, State Disaster Council set to meet and the vaccine rollout on track for February.
  
  Read more

• ASX's three-day winning run grinds to halt

  04-02-2021 08:30 via businessnews.com.au
  
  Investors' run of three days of gains on the Australian share market has ended, and an analyst cited inflation expectations as hampering results.
  
  Read more

• Rinehart invests in green lithium project

  04-02-2021 08:02 via businessnews.com.au
  
  Perth-based Vulcan Energy Resources has received a significant investment from Gina Rinehart’s Hancock Prospecting, as part of a $125 million capital raising.
  
  Read more

• Resources sector digs deep for fire relief

  04-02-2021 07:52 via businessnews.com.au
  
  As hundreds of firefighters attempt to contain an out of control blaze in Perth's east, the state’s peak resources body has established a community support initiative to raise much-needed funds.
  
  Read more

• Prominent investors back Hyprfire

  04-02-2021 07:27 via businessnews.com.au
  
  Curtin University spin-out HyprFire has raised $2.25 million from local investors to commercialise Its cyber security technology.
  
  Read more

• Economic recovery at risk as wages set to sink, leading economist warns

  04-02-2021 07:17 via abc.net.au
  
  A leading economist warns labour market slack will push workers' take-home pay lower over the next two years, threatening the nascent Australian economic recovery.
  
  Read more

• Restrictions mask post-election hard truths

  04-02-2021 07:00 via businessnews.com.au
  
  Mark McGowan will need more than high iron ore prices, federal sugar-hits and COVID-stimulus packages if he wins re-election in March, writes Josh Adamson.
  
  Read more

• Chaos, confusion: Kirkup demands clarity

  04-02-2021 06:56 via businessnews.com.au
  
  Opposition leader Zak Kirkup has demanded the state government reveal how it plans to ease the restrictions beyond tomorrow, saying the lack of clarity had caused chaos and confusion.
  
  Read more

• Protesters rally to support woman allegedly assaulted at Adelaide business

  04-02-2021 06:38 via abc.net.au
  
  Protesters have rallied outside of a cafe where a young woman was allegedly assaulted last week. Footage of the incident went viral and has sparked a conversation about alleged wage theft within the international student community.
  
  Read more

• SRG wins $45m in WA, SA work

  04-02-2021 06:00 via businessnews.com.au
  
  Subiaco-based SRG Global has secured new engineering and mining work including on Red 5’s Darlot operations in Western Australia.
  
  Read more

• 84yo alpaca farmer 'in shock' over High Court ruling after decades-long battle with miner

  04-02-2021 05:56 via abc.net.au
  
  Aileen Harrison says the New Acland mine made her family sick and led to the loss of the house she built. But the success of her High Court appeal has dismayed workers facing an uncertain future.
  
  Read more

• Exports rise to $186bn

  04-02-2021 05:37 via businessnews.com.au
  
  A 9 per cent rise in sales to China helped Western Australia hit a record $186 billion of merchandise exports in 2020.
  
  Read more

• Daylesford rentals 'becoming really out of reach' due to pandemic tree-change demand

  04-02-2021 05:07 via abc.net.au
  
  Local charities say dozens of families are being forced to relocate from Daylesford in central Victoria, as demand for housing in the tree-change destination dwarfs supply.
  
  Read more

• COVID-19 modeller supports snap lockdown

  04-02-2021 05:00 via businessnews.com.au
  
  WA’s five-day lockdown has won the endorsement of an academic whose modelling was instrumental to the state government’s much-lauded initial response to COVID-19.
  
  Read more

• Northern beaches cafe owner lashes out at 'insult' $5k grants offered after COVID cluster lockdown

  04-02-2021 04:26 via abc.net.au
  
  A cafe owner on Sydney's northern beaches says the State Government's grants program to relieve businesses struggling since the Christmas coronavirus lockdown is a "pittance" and an "insult" and he doesn't want the money.
  
  Read more

• More than half of Australia's truck drivers are obese and half experience psychological distress, survey finds

  04-02-2021 04:14 via abc.net.au
  
  The largest national survey of the health of truck drivers finds widespread medical problems and psychological distress, with one truckie saying: "It's all about money, and the drivers, they're secondary."
  
  Read more

• No new cases, vaccine rollout on track

  04-02-2021 03:30 via businessnews.com.au
  
  Western Australia has not recorded any new locally acquired cases of COVID-19 for the fourth consecutive day, federal Health Minister Greg Hunt has revealed.
  
  Read more

• Matrix wins hand sanitiser contract

  04-02-2021 03:00 via businessnews.com.au
  
  WA will soon be home to 10, solar-powered hand sanitiser dispensers as part of a $1.5 million deal with Henderson-based outfit Matrix Composites & Engineering.
  
  Read more

• UK group plans $20m WA project

  04-02-2021 02:12 via businessnews.com.au
  
  Blue Phoenix Group is planning to invest $20 million establishing a specialist processing facility in Kwinana after striking a contract with the developer of a giant waste-to-energy plant.
  
  Read more

• Counselling course puts cabbies in driver’s seat

  04-02-2021 02:00 via businessnews.com.au
  
  Swan Taxis has formed a partnership with Lifeline WA to train drivers as ‘accidental counsellors’ and help them talk to passengers who may be distressed.
  
  Read more

• 'Don't drop the ball': Much-loved Moree Mayor Katrina Humphries calls time after 13 years

  04-02-2021 01:18 via abc.net.au
  
  Famous for her no-nonsense leadership and tireless advocacy for the bush, Moree's Katrina Humphries says now is the right time to hand over the reins.
  
  Read more

• Market bubble, future trouble

  04-02-2021 01:16 via businessnews.com.au
  
  A correction is surely coming as the stock market moves further out of touch with the real economy.
  
  Read more

• Labor stands by JobKeeper extension calls

  04-02-2021 01:00 via businessnews.com.au
  
  Labor is standing by calls to extend the JobKeeper scheme despite the Reserve Bank governor downplaying the need.
  
  Read more

• Port Hedland dust buyback just for homes, not commercial real estate, Government says

  04-02-2021 00:45 via abc.net.au
  
  The WA Government has ruled out an expansion of a voluntary scheme to buy back dust-affected homes in the shadow of the world's largest bulk export port.
  
  Read more

Follow @Analyst_News_AU on Twitter!