Analyst news

• Bitcoin back above $40k as US regulates, ASX to rise as US stocks end losing streak

  20-05-2021 23:51 via abc.net.au
  
  The Australian share market is set to finish its week on a high, as stocks on Wall Street end a three-day losing streak.
  
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• Bitcoin back above $40k as US regulates; ASX ends the week higher as US stocks end losing streak

  20-05-2021 23:51 via abc.net.au
  
  The Australian share market recovers in afternoon trade, ending the week higher after stocks on Wall Street snapped a three-day losing streak with help from technology companies.
  
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• Bitcoin back above $40k as US regulates; ASX down as US stocks end losing streak

  20-05-2021 23:51 via abc.net.au
  
  The Australian share market has fallen after opening on a high, as stocks on Wall Street end a three-day losing streak with help from technology companies. 
  
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• Trucks from one of Australia's largest zinc mines keep spilling their contents

  20-05-2021 22:48 via abc.net.au
  
  Hundreds of kilograms of potentially environmentally damaging substances are being spilled by road trains carrying concentrate from the McArthur River Mine in the Northern Territory — despite the introduction of preventative measures.
  
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• Secret report could call into question approvals given to existing wilderness tourism projects

  20-05-2021 22:40 via abc.net.au
  
  Tasmania's government has been sitting on a report that could call into question the approval of some tourism projects in protected wilderness.
  
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• Town that turned Queensland's fortunes around experiences a different kind of rush

  20-05-2021 22:08 via abc.net.au
  
  In the past 12 months the population of Gympie has increased more than any capital city. While some new residents couldn't be happier, finding a place to rent is no walk in the park.
  
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• Queensland shelves tattoo ink safety laws after industry outcry

  20-05-2021 21:37 via abc.net.au
  
  Tattoo artists fear Queensland's move to regulate tattoo inks will cripple their industry by hitting them with conditions they can't meet, and the state government responds by withdrawing its own law amendments. 
  
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• Demand for new cars is surging, but supply chain disruptions are hurting sales

  20-05-2021 21:27 via abc.net.au
  
  The instant asset write-off has encouraged investment, but some industries cannot make the most of it, and others are beset with supply chain problems.
  
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• This Australian's made a fortune from Dogecoin, but he says it's not all about the money

  20-05-2021 21:00 via abc.net.au
  
  Some Australians bought the cryptocurrency early and made a killing — and others can't find where they hid their wallets. Here are their stories.
  
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• Regan Gallagher has made a fortune from Dogecoin, but he says it’s not about the money

  20-05-2021 21:00 via abc.net.au
  
  Some Australians bought the cryptocurrency early and made a killing — and others can't find where they hid their wallets. Here are their stories.
  
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• Pindan passed financial checks: WA government

  20-05-2021 17:40 via businessnews.com.au
  
  The state government has defended its decision to award construction tenders to Pindan, revealing the company passed all financial due diligence checks just six months ago.
  
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• E-scooter insurance deal helps riders swerve third-party liability pothole

  20-05-2021 16:15 via abc.net.au
  
  Scooter companies are required to have public liability insurance, but riders have been personally responsible for third-party injuries or damage. One company is changing that.
  
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• Cricket Australia board mull call over CEO

  20-05-2021 12:00 via businessnews.com.au
  
  Cricket Australia's board is expected to soon appoint a permanent chief executive, with Englishman Nick Hockley having acted in the role for almost a year.
  
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• Fury over WA nurses' watchdog referrals

  20-05-2021 11:00 via businessnews.com.au
  
  Western Australian doctors and nurses have expressed "disgust" over the referral of junior staff at Perth Children's Hospital to the medical watchdog.
  
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• 12 months ago AACo needed JobKeeper — now it's posted a profit

  20-05-2021 10:15 via abc.net.au
  
  Australia's biggest beef producer has posted an operating profit of $24.4 million – or $17.7m, excluding JobKeeper – but there won't be a dividend for shareholders.
  
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• ASX rebounds 1.27 per cent, but miners take a hit

  20-05-2021 10:00 via businessnews.com.au
  
  Shares rebounded strongly on the Australian market but talk of easing demand elsewhere may have made for a lacklustre showing from commodity stocks.
  
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• At Close of Business: Jesinta Burton on Chris Brown

  20-05-2021 09:53 via businessnews.com.au
  
  In today's episode of At Close of Business, journalists Jordan Murray and Jesinta Burton discuss the media frenzy surrounding the court case for 27-year-old Perth man Christopher Brown.
  
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• Woodside, Fortescue sign Tassie deals

  20-05-2021 09:50 via businessnews.com.au
  
  Woodside Petroleum and Fortescue Metals Group have announced separate agreements today with major Japanese companies to assess production of green ammonia in Tasmania.
  
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• Seafarms to award $78m in contracts

  20-05-2021 09:48 via businessnews.com.au
  
  Perth-based Seafarms Group will award five contracts to progress the development of a large-scale prawn aquaculture project in the Northern Territory.
  
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• Dramatic footage reveals risk posed to roadside mechanics as new road rule flagged

  20-05-2021 09:48 via abc.net.au
  
  Footage of a high-speed car clipping a truck on the side of a highway is released amid a mounting road safety campaign to better protect roadside workers and first responders from passing traffic.
  
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• Lights! Cameras! Fremantle!

  20-05-2021 09:42 via businessnews.com.au
  
  The WA screen industry has fallen in behind the idea of Fremantle as the state’s film hub. But is Victoria Quay the best place for a movie studio? asks Mark Naglazas in the second of a series of articles on the most important piece of film infrastructure in our state’s history.
  
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• Six new clot cases linked to AstraZeneca

  20-05-2021 09:30 via businessnews.com.au
  
  Australian regulators have uncovered six more cases of rare blood clots linked to the AstraZeneca vaccine, but say they are not unexpected as the rollout expands.
  
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• Posco buys into Ravensthorpe

  20-05-2021 09:22 via businessnews.com.au
  
  Toronto-listed First Quantum Minerals will sell 30 per cent of the Ravensthorpe nickel mine to South Korean Posco for $CAD240 million, with plans to explore battery precursor materials.
  
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• NZ reveals plan to tackle child poverty, housing affordability with 'wellbeing budget'

  20-05-2021 09:15 via abc.net.au
  
  The New Zealand government's budget has a focus on lifting welfare benefit rates and promises billions of dollars of extra funding towards addressing rising inequality.
  
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• Creditors brace for Pindan meeting

  20-05-2021 08:46 via businessnews.com.au
  
  Hundreds of affected businesses will gather next Friday for Pindan’s first creditors meeting since the construction giant's collapse, as administrators attempt to keep staff in work.
  
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• Sapien taps cyber risk

  20-05-2021 08:44 via businessnews.com.au
  
  A big ransomware attack that blocked fuel supplies in the US and a partnership with US company Honeywell have delivered a boost for Perth startup Sapien Cyber.
  
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• Engineering group lodges $13.5m IPO

  20-05-2021 08:30 via businessnews.com.au
  
  Local engineering and construction group Aerison is planning to list on the ASX next month, having lodged an IPO to raise $13.5 million.
  
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• Pushing the boat out: Why Australian boaties are buying up big

  20-05-2021 07:47 via abc.net.au
  
  There's been a huge uptick in demand for all types of boats, with local businesses making the most of the pandemic boom.
  
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• The winners and losers in this year's Victorian budget

  20-05-2021 07:42 via abc.net.au
  
  Victoria is spending big on mental health, schools and transport, but big businesses and property investors will be slugged with tax increases. Find out what it means for you.
  
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• Meridian Global pitches in during India's COVID-19 crisis

  20-05-2021 07:00 via businessnews.com.au
  
  Perth giving circle Meridian Global Foundation has partnered with not-for-profit Medical Oxygen for All to help $1.1 million in fundraising reach India.
  
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• Australian meat could go tariff-free to UK

  20-05-2021 07:00 via businessnews.com.au
  
  Australian meat could soon be granted tariff-free entry to the United Kingdom under a major free trade deal, despite objections from British farmers.
  
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• Battle brewing at Kimberley cattle giant

  20-05-2021 06:46 via businessnews.com.au
  
  A battle is brewing at one of the state’s largest cattle production companies, with Yeeda Group’s Fitzroy River Limited launching legal action against major shareholder Beachline.
  
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• Eight new mental health clinics among regional Victoria's budget haul

  20-05-2021 06:32 via abc.net.au
  
  Regional Victorians will benefit from a mental health boost and business payroll tax cuts, but spending on schools and hospitals will have to wait.
  
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• Dynamic doubles fleet through $21m deal

  20-05-2021 06:00 via businessnews.com.au
  
  Bayswater business Dynamic Drill and Blast expects to add about $30 million to its full-year revenue, following the acquisition of fellow contractor Orlando Drilling.
  
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• 'It's slower than it should be': Qantas boss Alan Joyce slams sluggish vaccine rollout

  20-05-2021 05:52 via abc.net.au
  
  Qantas chief executive Alan Joyce calls on the federal government to speed up its vaccination program, warning the nation risks being "left behind" and will not be able to reopen its borders by the end of the year if the slow rollout continues.
  
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• A $2 billion loss, hundreds more job cuts and $6.4 billion debt — COVID-19 is still ailing Qantas

  20-05-2021 05:52 via abc.net.au
  
  Qantas chief executive Alan Joyce calls on the federal government to speed up its vaccination program, warning the nation risks being "left behind" and will not be able to reopen its borders by the end of the year if the slow rollout continues.
  
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• BHP opens ‘new generation’ mine

  20-05-2021 05:30 via businessnews.com.au
  
  BHP has produced first ore at its $4.7 billion South Flank mine, which features autonomous trucking, 40 per cent female employment and 15 per cent indigenous employment.
  
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• Little girl 'struggled to eat for months' after being poisoned with pot-laced brownies

  20-05-2021 05:20 via abc.net.au
  
  The parents of a five-year-old girl and three-year-old boy who became ill after eating cannabis-laced brownies bought at a Perth cafe say their children suffered for months with issues around food safety.
  
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• 'Where are these people going to live?': No room in 'paradise' amid government push for more workers

  20-05-2021 05:08 via abc.net.au
  
  The Queensland government has announced a $7.5 million package to lure workers to take up tourism jobs in regional Queensland and "work in paradise" but the problem with "paradise" is there are no places left to live.
  
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• Victorian budget reveals what authorities think about future lockdowns, tourism

  20-05-2021 04:52 via abc.net.au
  
  The Victorian government expects international students to slowly begin returning from early next year, as it unveils a big-spending budget that hits up major employers to help fund a $3.6 billion investment in mental health.
  
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• Big business hit with levy to fund mental health in Victorian budget

  20-05-2021 04:52 via abc.net.au
  
  Big business will be hit with a levy to help pay for the billions of dollars of funding for mental health services outlined in another big-spending Victorian state budget.
  
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• $40m Rotto lodge revamp

  20-05-2021 04:36 via businessnews.com.au
  
  Place Development Australia, GPA and Sirona Capital have been selected as the preferred proponents to redevelop the Rottnest Island Lodge site.
  
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• $40m Rottnest lodge revamp

  20-05-2021 04:36 via businessnews.com.au
  
  Place Development Australia, GPA and Sirona Capital have been selected as the preferred proponents to redevelop the Rottnest Island Lodge site.
  
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• Keeping Albury's Uiver aviation past alive — one rivet at a time

  20-05-2021 04:35 via abc.net.au
  
  A group of passionate people eager to restore a vintage aircraft are determined not to let a few little rivets stand in the way of their success — 990,187 rivets to be exact.
  
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• Virgin expands flights after COVID blow

  20-05-2021 04:30 via businessnews.com.au
  
  Virgin Australia has "turned a corner" from the worst of the COVID-19 pandemic and is about to dramatically expand its operations, the airline's CEO says.
  
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• Campsite popular with influencers at risk of closure after legal push

  20-05-2021 04:04 via abc.net.au
  
  A popular low-cost campground south of Adelaide could be under threat with the local council seeking advice on a legal letter it received pushing for it to be closed.
  
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• Unemployment rate eases to 5.5 per cent

  20-05-2021 04:00 via businessnews.com.au
  
  The unemployment rate eased to 5.5 per cent in April, despite a fall in the number of people employed.
  
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• Jobless rate down for sixth straight month

  20-05-2021 04:00 via businessnews.com.au
  
  Australia's unemployment rate has declined to 5.5 per cent in April from an upwardly revised 5.7 per cent in March.
  
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• Christmas Island's only farm aims to solve food security issue

  20-05-2021 03:51 via abc.net.au
  
  In a bid to reduce reliance on imported food, Christmas Island's only farm hopes to produce 3 tonnes of fruit and vegetables per week. 
  
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• Unemployment rate falls despite JobKeeper's end

  20-05-2021 03:48 via abc.net.au
  
  Australia's unemployment rate falls despite more than 30,000 people losing work immediately after the JobKeeper wage subsidy wrapped up.
  
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