Analyst news

• Rate relief boosts US shares as Fed chair Powell speaks to Senate

  11-01-2022 22:01 via abc.net.au
  
  US shares are rallying, including the heavily sold-down tech sector, despite indications from the US Federal Reserve chair that the withdrawal of extraordinary stimulus may be relatively rapid.
  
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• 'All-clear signal to buy': ASX follows Wall St rally after Fed chair's Senate testimony

  11-01-2022 22:01 via abc.net.au
  
  The ASX is following a strong US share rebound, as investors react positively to comments from Federal Reserve chair Jerome Powell even though they indicate interest rates are likely to rise substantially this year.
  
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• NT industry groups, unions warn supply chain issues could be 'disastrous' if COVID-19 hits workforce

  11-01-2022 21:46 via abc.net.au
  
  As coronavirus cases rise across the Northern Territory and force essential workers into isolation, key groups are warning supply chain disruptions could lead to empty shelves.
  
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• 'Transition out of COVID': Rising petrol prices hit Queensland motorists as producers take cautious economic approach

  11-01-2022 20:55 via abc.net.au
  
  Petrol prices in Brisbane and South-East Queensland are rising again, after a brief drop that followed record highs in late November last year, but industry players say it is likely to remain steady for the summer break.
  
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• Rising petrol prices hit Queensland motorists as producers cautiously approach the 'transition out of COVID'

  11-01-2022 20:55 via abc.net.au
  
  Petrol prices in Brisbane and south-east Queensland are rising again, after a brief drop that followed record highs in late November last year, but industry players say it is likely to remain steady for the summer break.
  
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• Petrol prices are on the way back up for many Queensland motorists —and they may stay at 2021's record high

  11-01-2022 20:55 via abc.net.au
  
  Petrol prices in Brisbane and south-east Queensland are rising again, after a brief drop that followed record highs in late November last year, but industry players say it is likely to remain steady for the summer break.
  
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• Colliers WA appoints new state chief

  11-01-2022 18:00 via businessnews.com.au
  
  International real estate agent Colliers International brings in new boss as it rebuilds in WA.
  
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• Colliers appoints new state chief

  11-01-2022 18:00 via businessnews.com.au
  
  International real estate agent Colliers International brings in new boss as it rebuilds in WA.
  
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• The Loop: Novak Djokovic's entry form questioned, NSW's de facto 'lockdown' and KFC makes an apology

  11-01-2022 09:04 via abc.net.au
  
  Here's your TL;DR for today's news.
  
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• Bidfood unveils plans for $16.5m Malaga facility

  11-01-2022 08:44 via businessnews.com.au
  
  Foodservice distributor Bidfood has lodged plans to build a new $16.5 million warehouse Malaga tipped to support its growing operations in the Perth metropolitan area.
  
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• ASX selling spree as virus hampers trade

  11-01-2022 08:31 via businessnews.com.au
  
  Supermarkets and chicken suppliers were among the shares ditched on the ASX as the latest coronavirus wave poses a serious challenge to earnings.
  
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• Iluka advances rare earth refinery

  11-01-2022 08:25 via businessnews.com.au
  
  Iluka Resources has moved closer to developing a rare earth refinery in the Mid West after clearing its first environmental hurdle for the project.
  
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• Catalano’s floats $6m target for listing

  11-01-2022 08:06 via businessnews.com.au
  
  After selling seafood in the state for more than half a century, Catalano’s is looking to use capital from a planned ASX listing to fund an expansion into the east coast.
  
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• Mount Lawley apartments revised

  11-01-2022 08:04 via businessnews.com.au
  
  Willing Group reduces apartments, amends floorplans for $40m development.
  
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• Swoop acquires iFibre

  11-01-2022 08:00 via businessnews.com.au
  
  Andrew Forrest-backed Swoop Holdings is completing its first acquisition of the year, having agreed to buy South Australian network provider iFibre for $1.5 million in cash.
  
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• Swoop acquires Dark Fibre

  11-01-2022 08:00 via businessnews.com.au
  
  Andrew Forrest-backed Swoop Holdings is completing its first acquisition of the year, having agreed to buy South Australian network provider iFibre for $1.5 million in cash.
  
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• Global firm buys Perth’s Minnovare

  11-01-2022 07:42 via businessnews.com.au
  
  Swedish company Hexagon has expanded its WA presence with a second local acquisition, buying drilling technology business Minnovare in a deal potentially worth in excess of $100 million.
  
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• Four new cases, likely community spread: Sanderson

  11-01-2022 06:05 via businessnews.com.au
  
  WA has recorded four new local cases of COVID-19 overnight, with the Health Minister warning that it was likely there had been community spread of the virus.
  
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• Universal wins $23m school contract

  11-01-2022 06:00 via businessnews.com.au
  
  Universal Constructions has bolstered its work in the education sector, having won a $23 million contract to build a new primary school in Mandurah.
  
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• Fake Rinehart endorsement used in crypto scam

  11-01-2022 05:30 via businessnews.com.au
  
  Mining magnate Gina Rinehart has become the latest high profile businessperson used to market an alleged crypto scam, with photos and fake quotes appearing online.
  
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• Rio latest on electric train

  11-01-2022 05:27 via businessnews.com.au
  
  Rio Tinto has joined fellow Pilbara miners Fortescue Metals Group and Roy Hill Holdings in acquiring battery-electric locomotives as part of plans to curb carbon emissions.
  
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• 'Worse than a lockdown': How the Omicron outbreak is smashing NSW

  11-01-2022 04:17 via abc.net.au
  
  There are few COVID-19 restrictions in Australia's most populous state, but Omicron is affecting almost everything in NSW, from hospitals to hospitality.
  
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• Judge rules against Gruyères region gaining exclusivity on cheese name

  11-01-2022 03:53 via abc.net.au
  
  Gruyere cheese does not have to come from the Gruyères region of Europe to be sold under the name, a federal judge has ruled in the United States.
  
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• Retail spending soared pre-Omicron

  11-01-2022 02:12 via businessnews.com.au
  
  Retail sales soared by 7.3 per cent in November after last year's easing of COVID-19 restrictions, but there are signs the subsequent emergence of the Omicron variant has since curbed spending,
  
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• Confidence drops on rapid Omicron spread

  11-01-2022 02:00 via businessnews.com.au
  
  Consumer confidence has fallen across Australia as a result of the rapid spread of the Omicron strain of COVID-19, potentially dampening the outlook for retail spending.
  
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