Analyst news

• S&P500 hits record closing high, 130 countries back OECD tax plan

  01-07-2021 23:46 via abc.net.au
  
  More than 100 countries, including the US, have given the green light to an OECD plan to tax multinational firms at a global minimum rate of 15 per cent and the S&P posts a record closing high for the sixth day in a row. 
  
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• OECD minimum corporate tax plan backed by 130 countries, Wall St sees fresh record highs

  01-07-2021 23:46 via abc.net.au
  
  More than 100 countries, including the US, have given the green light to an OECD plan to tax multinational firms at a global minimum rate of 15 per cent and the S&P posts a record closing high for the sixth day in a row. 
  
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• OECD minimum corporate tax plan backed by 130 countries, ASX opens higher

  01-07-2021 23:46 via abc.net.au
  
  More than 100 countries, including Australia, have given the green light to an OECD plan to tax multinational firms at a global minimum rate of 15 per cent and the ASX rises after the S&P posts a record closing high for the sixth day in a row. 
  
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• OECD minimum corporate tax plan backed by 130 countries, ASX higher at lunchtime

  01-07-2021 23:46 via abc.net.au
  
  More than 100 countries, including Australia, have given the green light to an OECD plan to tax multinational firms at a global minimum rate and the ASX rises on higher oil prices and after the S&P 500 reached another record high.
  
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• OECD minimum corporate tax plan backed by 130 countries, ASX gains on higher oil prices

  01-07-2021 23:46 via abc.net.au
  
  More than 100 countries, including Australia, have given the green light to an OECD plan to tax multinational firms at a global minimum rate and the ASX rises ahead of tonight's US employment numbers
  
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• Perth residents nervously wait for news on whether the four-day 'circuit-breaker' lockdown will be extended

  01-07-2021 23:39 via abc.net.au
  
  Perth residents nervously wait for news on when the COVID-19 lockdown will end, as questions remain around compensation for business owners and workers.
  
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• Lockdown decision imminent as Perth counts the cost of an 'exhausting' week

  01-07-2021 23:39 via abc.net.au
  
  Perth and Peel residents will learn today whether the COVID-19 lockdown will be lifted ahead of the weekend, as questions remain around compensation for business owners and workers.
  
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• As Perth waits anxiously to see if its lockdown will end tonight, it has left many 'emotionally exhausted'

  01-07-2021 23:39 via abc.net.au
  
  Perth and Peel residents will learn today whether the COVID-19 lockdown will be lifted ahead of the weekend, as questions remain around compensation for business owners and workers.
  
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• 'Keep that knowledge alive': Using Indigenous wisdom to turn invasive trees into a valuable product

  01-07-2021 23:30 via abc.net.au
  
  On land owned by a mining company, a tree thought to be a pest has turned into an incredible opportunity.
  
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• COVID-19 has turned a bumper NT tourism season into an 'avalanche of cancellations'

  01-07-2021 22:49 via abc.net.au
  
  Top End tourism businesses are bracing for the possibility of haemorrhaging revenue for the second year in a row, after Darwin lost its status as a COVID-free holiday destination.
  
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• Want to buy an inn? This one just came on the market for the first time in half a century

  01-07-2021 22:13 via abc.net.au
  
  Buying a heritage property can come with headaches, especially one near the path of a $570 million bridge upgrade, but expressions of interest for a historic inn near Hobart are piling up.
  
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• Want to buy an inn? This one just came on the market for the first time in 80 years

  01-07-2021 22:13 via abc.net.au
  
  Buying a heritage property can come with headaches, especially one near the path of a $570 million bridge upgrade, but expressions of interest for a historic inn near Hobart are piling up.
  
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• ''They don't have endless cash reserves': Fears lack of lockdown relief will finish off food businesses

  01-07-2021 21:47 via abc.net.au
  
  Queensland's food industry is doing it tough and most businesses believe they deserve state government compensation for lockdown losses amid a growing risk the financial burden could force them to close down.
  
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• Jerome has lost $60,000 this lockdown, and without JobKeeper it'll taking weeks to recover

  01-07-2021 21:47 via abc.net.au
  
  Queensland's food industry is doing it tough and most businesses believe they deserve state government compensation for lockdown losses amid a growing risk the financial burden could force them to close down.
  
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• Jerome has lost $60,000 this lockdown, and without JobKeeper it'll take weeks to recover

  01-07-2021 21:47 via abc.net.au
  
  Queensland's food industry is doing it tough and most businesses believe they deserve state government compensation for lockdown losses amid a growing risk the financial burden could force them to close down.
  
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• 'They gave us nothing': Hundreds of small business owners like Yana are suing insurance giant QBE

  01-07-2021 21:12 via abc.net.au
  
  Small business owners who have been denied payouts for COVID losses are taking the next step against their insurers, but admit it is a long and unsure road ahead.
  
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• Beauty salons to jewellers taking on insurance giants QBE and Lloyds in COVID class actions

  01-07-2021 21:12 via abc.net.au
  
  Small business owners who have been denied payouts for COVID losses are taking the next step against their insurers, but admit it is a long and unsure road ahead.
  
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• Houses over apartments: Chinese overseas buyers tipped to come back for land when Australia’s borders open

  01-07-2021 21:10 via abc.net.au
  
  Overseas buyers from China and other countries are looking to return to buy property in Australia — to reside in, rather than mere investments, experts say.
  
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• Chinese investors cooling on Australian properties, but overseas buyers tipped to return

  01-07-2021 21:10 via abc.net.au
  
  Overseas buyers from China and other countries are looking to return to buy property in Australia — to reside in, rather than mere investments, experts say.
  
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• We don't have enough timber to cater for the housing boom 'nobody in Australia predicted'

  01-07-2021 20:45 via abc.net.au
  
  Between devastating bushfires and a housing boom no-one saw coming, Australia's sawmills can't meet the current demand for timber across the country.
  
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• Assisted dying comes into effect in WA

  01-07-2021 11:00 via businessnews.com.au
  
  About 60 Western Australians are expected to peacefully end their own lives within the next 12 months under newly implemented voluntary assisted dying laws.
  
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• At Close of Business: Jesinta Burton on Rentco

  01-07-2021 09:56 via businessnews.com.au
  
  On today's episode of At Close of Business, journalist Jesinta Burton discusses the growth of High Wydcombe-based business Rentco.
  
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• Economic boom casts rates cloud over ASX

  01-07-2021 09:53 via businessnews.com.au
  
  Australia's economy is booming and a spate of indicators suggest investors may have more to worry about than Thursday's ASX losses.
  
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• Talga expecting first graphite in 2024

  01-07-2021 09:45 via businessnews.com.au
  
  Local business Talga Group has extended the life of its proposed Vittangi anode operation in northern Sweden, after completing a definitive feasibility study for the project.
  
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• Hunt begins for federal quarantine facility site

  01-07-2021 09:27 via businessnews.com.au
  
  The site selection process for a purpose-built quarantine facility near Perth Airport is expected to begin tomorrow, Premier Mark McGowan has confirmed.
  
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• Electric aircraft sets Australian-firsts for quiet, cheap, speedy, long-distance travel

  01-07-2021 09:21 via abc.net.au
  
  A two-seater light aircraft has been quietly flying around regional South Australia seeking world records and pioneering new heights in world aviation.
  
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• Exports, vacancies, show strong numbers

  01-07-2021 09:15 via businessnews.com.au
  
  Exports from WA hit a fresh record in May, with $22.7 billion of merchandise shipped, while job vacancies are substantially up.
  
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• Jack Bendat’s final deal

  01-07-2021 09:03 via businessnews.com.au
  
  The sale of the Perth Wildcats could be the final big deal for Jack Bendat, who is both a renowned philanthropist and one of the toughest business operators WA has seen.
  
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• Perth director facing jail over 'phoenixing'

  01-07-2021 08:38 via businessnews.com.au
  
  The founder of WA labour hire company Ochre Workforce Solutions could be facing jail time after being charged for allegedly engaging in phoenixing activity.
  
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• Former minister David Ridgway appointed South Australia's new agent-general in London

  01-07-2021 08:09 via abc.net.au
  
  The State Government has been forced to defend the appointment of a former minister to the state's most-prominent overseas posting 18 months after the Premier stripped him of key responsibilities.  
  
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• Labor repairing resources relationships

  01-07-2021 08:00 via businessnews.com.au
  
  Labor is seeking to claw back ground in the major resources states of WA and Queensland.
  
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• Iron ore juggernaut hauls Australia into a current account surplus that's set to stay

  01-07-2021 08:00 via abc.net.au
  
  For the first time since the early 1970s, Australia is consistently earning more from the rest of the world than it pays out, and a leading economist says that will set the nation in good stead to withstand any bumps in the pandemic recovery.
  
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• Iron clad current account surplus puts Australia's economy in a 'better place'

  01-07-2021 08:00 via abc.net.au
  
  For the first time since the early 1970s, Australia is consistently earning more from the rest of the world than it pays out, and a leading economist says that will set the nation in good stead to withstand any bumps in the pandemic recovery.
  
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• Perth house prices still lagging

  01-07-2021 07:38 via businessnews.com.au
  
  Australia has recorded its highest annual rate of house price growth since 2004, however Perth has continued to underperform, according to the latest data from CoreLogic.
  
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• Major shakeup of tourism in regional Victoria

  01-07-2021 07:31 via abc.net.au
  
  After one of its most problematic years, regional tourism in Victoria has begun a major transition.
  
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• Victorian town hardest hit by COVID-19 offers to save pandemic-beleaguered AFL

  01-07-2021 07:29 via abc.net.au
  
  Colac is the regional Victorian town that has suffered most at the hands of coronavirus in 2020. It's because of this that it feels uniquely placed to host an AFL match.
  
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• Federal Government to loan large Queensland coal project $175m

  01-07-2021 07:17 via abc.net.au
  
  The metallurgical coal mine's life expectancy is 80 years and its operator claims many jobs will be locally sourced.
  
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• Wildcats sale locked in

  01-07-2021 07:15 via businessnews.com.au
  
  Sports Entertainment Group has agreed to buy the Perth Wildcats from long-time owner Jack Bendat for $8.5 million.
  
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• Wildcats sale confirmed

  01-07-2021 07:15 via businessnews.com.au
  
  Sports Entertainment Group has confirmed the purchase of A-league basketball team the Perth Wildcats from long-time owner Jack Bendat.
  
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• Cattle producers enjoy top prices as loyal consumers buy expensive beef

  01-07-2021 06:59 via abc.net.au
  
  Strong demand for cattle and good rainfall are triggering sustained high cattle prices, which are at record levels not seen since the 1960s.
  
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• British Empire's first community-owned pub set for overdue facelift

  01-07-2021 06:46 via abc.net.au
  
  The Renmark Hotel opened in 1897 and its profits were used to build infrastructure in the town. To this day it remains owned by the community and is managed by a board of local residents.
  
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• Stockton Beach's erosion crisis finally has a solution

  01-07-2021 06:28 via abc.net.au
  
  The NSW Government has found three sources of offshore sand that could replenish the beach
  
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• National law firm enters WA

  01-07-2021 06:12 via businessnews.com.au
  
  Commercial law firm Piper Alderman has opened a Perth office after recruiting two partners from Allion Partners.
  
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• Returned traveller cap expected to be cut

  01-07-2021 06:00 via businessnews.com.au
  
  The cap on international travellers coming into Australia looks set to be slashed as the country deals with widespread outbreaks of coronavirus.
  
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• Leaders resign from CBH

  01-07-2021 06:00 via businessnews.com.au
  
  Chief financial officer Doug Warden and chief project delivery officer Pieter Vermeulen are leaving CBH Group, six weeks after chief executive Jimmy Wilson resigned.
  
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• Passports stolen from backpackers in regional crime spree

  01-07-2021 05:42 via abc.net.au
  
  Backpackers demand NSW police investigate crime spree targeting their homes.
  
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• Neometals flags nickel spinout

  01-07-2021 05:30 via businessnews.com.au
  
  Neometals has revealed plans to demerge its Mt Edwards nickel asset in Western Australia, a move that will allow the company to focus on its core battery materials projects.
  
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• 'Onus on employers' as Victoria introduces anti-wage theft penalties including 10 years' jail

  01-07-2021 05:27 via abc.net.au
  
  Individuals in Victoria who deliberately underpay staff or dishonestly withhold wages could face up to 10 years jail, or fines of more than $200,000. For companies the possible fine can be as high as $1.09 million.
  
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• Milk value portal updated to help farmers chose a processor

  01-07-2021 05:22 via abc.net.au
  
  More data available through the milk value portal improves transparency in the dairy industry.
  
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• Milk value portal updated to help farmers choose a processor

  01-07-2021 05:22 via abc.net.au
  
  More data available through the milk value portal is improving transparency in the dairy industry.
  
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