Analyst news

• 'A step towards the future for our people': NASA's rocket launch site sits deep in Aboriginal land

  14-10-2021 23:38 via abc.net.au
  
  A team of 27 NASA personnel is working with local First Nations people to ready a small north-east Arnhem Land space base for its historic rocket launch.
  
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• Computer says no: ASIC takes IAG to court over algorithm that denied customers $60 million in discounts

  14-10-2021 23:34 via abc.net.au
  
  One of the Australia's biggest insurance companies allegedly fails to pass on $60 million in discounts to hundreds of thousands of customers, leading corporate regulator ASIC to sue IAG for misleading and deceptive conduct.
  
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• ASIC chases $60m in compensation for NRMA customers who lost out on promised discounts

  14-10-2021 23:34 via abc.net.au
  
  Australia's corporate regulator takes one of the nation's biggest insurance companies to court over unpaid insurance discounts.
  
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• Materials, travel stocks drive ASX higher despite Rio Tinto slipping on iron ore downgrade while IAG faces lawsuit

  14-10-2021 22:45 via abc.net.au
  
  Australian shares rise for a second straight session, helped by gains in mining and energy stocks on strong underlying commodity prices.
  
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• ASX follows Wall Street higher as US banks gloat with optimism

  14-10-2021 22:45 via abc.net.au
  
  The mining and technology sectors are leading the Australian market higher, following gains on Wall Street overnight.
  
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• ASX expected to rise with Wall Street, as US banks gloat with optimism

  14-10-2021 22:45 via abc.net.au
  
  The Australian share market is expected to follow Wall Street today and wrap up the week on a high.
  
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• ASX expected to rise with Wall Street, as ASIC takes IAG to court

  14-10-2021 22:45 via abc.net.au
  
  The Australian share market is expected to follow Wall Street today and wrap up the week on a high.
  
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• ASX boosted by travel stocks, Rio Tinto slips on iron ore downgrade

  14-10-2021 22:45 via abc.net.au
  
  Australian shares rise for a second straight session, helped by gains in mining and energy stocks on strong underlying commodity prices.
  
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• generation of visual artists is at risk, as peak body calls on Australians to get vaccinated

  14-10-2021 22:07 via abc.net.au
  
  The arts sector has been one of the worst-hit by rolling lockdowns and inadequate government support. But you won’t hear them complaining about vaccine mandates to return to work.
  
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• Could you live on $480 a week? That’s the grim reality for four in five artists, research shows

  14-10-2021 22:07 via abc.net.au
  
  The arts sector has been one of the worst-hit by rolling lockdowns and inadequate government support. But you won’t hear them complaining about vaccine mandates to return to work.
  
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• A generation of visual artists is at risk, as peak body calls on Australians to get vaccinated

  14-10-2021 22:07 via abc.net.au
  
  The arts sector has been one of the worst-hit by rolling lockdowns and inadequate government support. But you won’t hear them complaining about vaccine mandates to return to work.
  
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• The global economy is starting to look a lot like the late 1960s, and that's not good, warns former US Treasury boss

  14-10-2021 21:56 via abc.net.au
  
  Renowned economist and former Treasury secretary Larry Summers says the US economy is overheating, drawing parallels to the late 1960s when inflation shot up drastically even before major supply constraints were evident.
  
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• Economist issues warning about US economy overheating

  14-10-2021 21:56 via abc.net.au
  
  Renowned economist and former Treasury secretary Larry Summers says the US economy is overheating, drawing parallels to the late 1960s when inflation shot up drastically even before major supply constraints were evident.
  
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• Bill Clinton's former Treasury secretary warns of 'gathering storm of inflation'

  14-10-2021 21:56 via abc.net.au
  
  Renowned economist and former Treasury secretary Larry Summers says the US economy is overheating, drawing parallels to the late 1960s when inflation shot up drastically even before major supply constraints were evident.
  
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• Family awarded life insurance after dying woman was sent cancellation warning to old work email

  14-10-2021 21:13 via abc.net.au
  
  While Carolyn Burns was dying, AMP cancelled her life insurance because she never responded to emails to a work address from five years earlier. Now, her family has won a court case against AMP to claim the payout.
  
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• The world is running low on everything, your online orders are at sea, and Christmas will be tricky

  14-10-2021 21:02 via abc.net.au
  
  Around the world, ships are lined up waiting to enter port and companies can't find containers or truck drivers to take their goods to their final destination. Meanwhile, you're still waiting for that delivery. What's going on with the global supply chain?
  
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• Confused about why all your online shopping orders are so late? Let’s catch you up

  14-10-2021 21:02 via abc.net.au
  
  Around the world, ships are lined up waiting to enter port and companies can't find containers or truck drivers to take their goods to their final destination. Meanwhile, you're still waiting for that delivery. What's going on with the global supply chain?
  
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• Bali reopens to international travel, but Australians are still locked out

  14-10-2021 11:27 via abc.net.au
  
  Bali is reopened for international travelers for the first time in more than a year. But no international flights were expected after the island was opened to travellers from 19 approved countries, authorities say.
  
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• At Close of Business: Forrest's hydrogen campaign

  14-10-2021 10:16 via businessnews.com.au
  
  On today's episode of At Close of Business, journalists Matt Mckenzie and Jordan Murray discuss the acceleration of green hydrogen projects this week driven by Andrew Forrest.
  
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• DXN wins $2.5m contract extension

  14-10-2021 10:08 via businessnews.com.au
  
  Data centre specialist DXN has secured a $2.5 million contract extension from a cable system developer SUB.CO.
  
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• Miners, tech help ASX end losing streak

  14-10-2021 10:05 via businessnews.com.au
  
  The first rise of the week for Australian shares has coincided with a rise in unemployment as experts warn the economy will take time to recover from lockdowns.
  
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• WA miners' takeover battle heats up

  14-10-2021 10:02 via businessnews.com.au
  
  The bidder for goldminer Gascoyne Resources has sought orders from the Takeovers Panel to address matters related to the target’s conflicting merger with Firefly Resources.
  
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• Maylands $70m apartments approved

  14-10-2021 09:58 via businessnews.com.au
  
  Saracen Properties’ $70 million mixed use development featuring 135 apartments in Maylands has gained development approval.
  
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• Kingwest seeks $4m for gold drilling

  14-10-2021 09:58 via businessnews.com.au
  
  Kingwest Resources plans to spend funds committed by sophisticated and institutional investors to accelerate ongoing exploration activities across its Western Australian projects.
  
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• Call for disability workforce to fill vacancies

  14-10-2021 09:45 via businessnews.com.au
  
  A Bunbury-based employment service is calling for businesses to hire people with a disability amid labour shortages.
  
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• WA builder fined $7k over complaints

  14-10-2021 09:00 via businessnews.com.au
  
  Gran Designs has been fined for issues at a home built in Perth's hills, months after the death of a worker on another project led to a $175,000 penalty.
  
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• Swoop to seek $41m for acquisitions

  14-10-2021 09:00 via businessnews.com.au
  
  NSW-based challenger telco Swoop is headed back to investors as it seeks to continue its recent spate of acquisitions since listing on the ASX in May.
  
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• WA won't pursue Commonwealth Games: McGowan

  14-10-2021 08:50 via businessnews.com.au
  
  The Premier said today Western Australia will not bid to host the 2026 Commonwealth Games, saying the state needed to retain its financial firepower for more important issues.
  
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• Encounter, BHP expand NT copper pursuits

  14-10-2021 08:43 via businessnews.com.au
  
  BHP could invest up to $25 million to secure a majority stake in Encounter Resource’s developing Elliott copper Project after the junior upped its tenure in the area.
  
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• Harvest strikes reseller deal with Speedcast

  14-10-2021 08:30 via businessnews.com.au
  
  Perth-based Harvest Technology Group has entered a major partnership after signing up to a global reseller agreement with IT service provider Speedcast Australia.
  
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• Why isn't this WA iron ore mine paying royalties?

  14-10-2021 08:06 via abc.net.au
  
  Figures tabled in parliament this week reveal the state has missed out on more than $150 million in mining royalties over the past three years because of a deal designed to save port and mining jobs. 
  
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• Colliers WA registers new name

  14-10-2021 07:23 via businessnews.com.au
  
  Colliers International WA could be known as Cygnet West from next year, as the real estate giant prepares to launch its own operation after two decades of multinational ownership.
  
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• WA govt dithering on hydrogen: Forrest

  14-10-2021 07:02 via businessnews.com.au
  
  WA mining magnate Andrew Forrest has slammed the state government for “dithering” on green hydrogen, days after unveiling plans to build a $1 billion green hydrogen hub in Queensland.
  
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• Igniting startup potential

  14-10-2021 06:58 via businessnews.com.au
  
  A driving force behind Curtin Ignition is taking on a new challenge, after the program celebrated its 11th year.
  
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• WA border unlikely to reopen until 2022: McGowan

  14-10-2021 06:51 via businessnews.com.au
  
  The state government will reimpose capacity limits and masks when WA reopens its border, but Premier Mark McGowan said that was unlikely to occur until next year.
  
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• Westpac, CBA make COVID-19 vaccines mandatory for all staff

  14-10-2021 06:06 via abc.net.au
  
  Westpac and the Commonwealth Bank will require all employees to be fully vaccinated against COVID-19 in the coming months.
  
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• Is it legal for employers like big banks to mandate COVID-19 vaccines?

  14-10-2021 06:06 via abc.net.au
  
  Westpac and the Commonwealth Bank will require all employees to be fully vaccinated against COVID-19 in the coming months.
  
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• Rio trials low-carbon steel technology

  14-10-2021 06:00 via businessnews.com.au
  
  Rio Tinto is considering the use of sustainable technology in the steelmaking process, joining the likes of Fortescue and BHP in tackling the iron ore sector’s emissions challenge.
  
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• 'There is a lot of fear': Pete Murray tells federal government to help secure live music events

  14-10-2021 05:37 via abc.net.au
  
  The continuing uncertainty about the need for snap lockdowns or border closures means live music event organisers cannot get insurance to cover their losses.
  
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• Sea freight costs may have peaked, but more ships are needed to bring them down

  14-10-2021 05:18 via abc.net.au
  
  Australia is an export nation and the cost of sea freight has spiralled out of control during the pandemic, but there are some signs it may have hit its peak.
  
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• Construction giant facing fines over Canberra construction site death

  14-10-2021 04:58 via abc.net.au
  
  Multiplex and RAR Cranes are facing fines of up to $1.5 million over the death of a man at the University of Canberra public hospital building site in 2016.
  
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• Climate protesters block access to chip mill in southern NSW

  14-10-2021 04:54 via abc.net.au
  
  A police operation is underway on the NSW Far South Coast in response to an unauthorised protest blocking access to the local woodchip mill.
  
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• Charges expected to be laid following climate protesters in southern NSW

  14-10-2021 04:54 via abc.net.au
  
  Charges are expected to be laid following an unauthorised climate protest on the NSW Far South Coast that blocked access to the local woodchip mill for several hours.
  
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• Aiming high: Aviation company says flying taxis over Brisbane in time for 2032 Olympics more than pie in the sky

  14-10-2021 04:48 via abc.net.au
  
  They're not commercial yet, but electric taxis are "flying, they've got people in them" and this company says the Advanced Manufacturing Centre of Excellence at Moreton Bay will be the perfect base.
  
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• South32 signals carbon cuts with copper deal

  14-10-2021 04:31 via businessnews.com.au
  
  South32 is set to acquire a 45 per cent stake in the prospective Sierra Gorda copper mine in Chile in a deal valued at over $2.8 billion.
  
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• South32 cuts carbon with copper deal

  14-10-2021 04:31 via businessnews.com.au
  
  South32 is set to acquire a 45 per cent stake in the prospective Sierra Gorda copper mine in Chile in a deal valued at over $2.8 billion.
  
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• 'Not trained for conflict': Why these border businesses aren't keen on the vaccination economy

  14-10-2021 03:59 via abc.net.au
  
  Businesses along the southern New South Wales border say freedom from lockdown has meant new tensions with unvaccinated customers.
  
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• One new case of COVID-19 in Batemans Bay, two new exposure sites in Bega

  14-10-2021 03:48 via abc.net.au
  
  Health authorities have recorded one new case of COVID-19 in South East NSW, and two new exposure sites.
  
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• Palatial Melbourne house sets Australian auction price record

  14-10-2021 03:47 via abc.net.au
  
  A five-bedroom mansion in the wealthy Melbourne suburb of Toorak has shattered the Australian record for most expensive house sold at auction.
  
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• Bill Papas's companies earned $500 million from fraud, liquidators allege

  14-10-2021 03:40 via abc.net.au
  
  Alleged fraudster Bill Papas may have committed criminal offences according to liquidators, after allegedly siphoning off more than $500 million from Westpac and other major banks since 2013.
  
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