Analyst news

• Fed raises official rates by 50 basis points, US stocks soar

  04-05-2022 23:44 via abc.net.au
  
  As expected, the US Federal Reserve has increased official interest rates by 0.5 per cent and flagged more 0.5 per cent rate rises. Fed chairman Jerome Powell says inflation is too high and that is hurting the American people. 
  
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• Fed raises official rates by 50 basis points, ASX gains

  04-05-2022 23:44 via abc.net.au
  
  As expected, the US Federal Reserve has increased official interest rates by 0.5 per cent and flagged more 0.5 per cent rate rises. Fed chairman Jerome Powell says inflation is too high and that is hurting the American people. The Australian market follows Wall Street higher. 
  
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• 'Lives could be lost': Outback tourist towns 'in the dark age' as Telstra outages increase

  04-05-2022 23:37 via abc.net.au
  
  Frequent phone and internet outages in popular outback Queensland towns leave residents furious. One business owner is so fed up, they are asking Elon Musk if he can help. 
  
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• 'Promises they can't keep': Remote voters cynical about election promises to close the gap

  04-05-2022 22:34 via abc.net.au
  
  With scant hope of getting jobs and crammed into crowded housing, remote Indigenous voters say they are cynical of promises to close the gap.
  
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• Planning a European holiday? It will cost more and take longer to get a passport

  04-05-2022 22:10 via abc.net.au
  
  Australians planning a summer in Europe are being warned of price hikes for limited flights and longer wait times for passport processing.
  
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• Proposed 'super-hybrid' energy project to harness pumped hydro, renewables, and $2b price tag

  04-05-2022 21:49 via abc.net.au
  
  A new facility which will use wind, solar, and pumped hydro to supply the grid and green hydrogen production has been proposed for part of an existing 7,500-acre site near Gladstone.
  
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• Australia lags behind New Zealand, Taiwan and Timor-Leste on World Press Freedom Index

  04-05-2022 11:05 via abc.net.au
  
  Reporters Without Borders describes press freedom in Australia as "fragile", citing a high concentration of media ownership and growing political threats.
  
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• "We will hold you accountable': New EU sanctions target Russian officers for war crimes

  04-05-2022 10:33 via abc.net.au
  
  Europe's sixth package of sanctions against Moscow proposes targeting military officers, Russian broadcasters and banks, and the oil that many European nations are heavily dependent upon.
  
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• EU leader calls for ban on Russian oil as Europe debates more sanctions over Ukraine war

  04-05-2022 10:33 via abc.net.au
  
  Europe's sixth package of sanctions against Moscow proposes targeting military officers, Russian broadcasters and banks, and the oil that many European nations are heavily dependent upon.
  
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• At Close of Business: Simone Grogan on nickel mining

  04-05-2022 10:28 via businessnews.com.au
  
  On today's episode of At Close of Business, journalist Simone Grogan reviews the year in business for WA's nickel mining sector.
  
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• Austal scores $325m in US works

  04-05-2022 10:21 via businessnews.com.au
  
  Henderson-based shipbuilder Austal has received yet another lucrative contract with the US government.
  
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• FMG says grade hit by Juukan fallout

  04-05-2022 10:07 via businessnews.com.au
  
  Fortescue Metals Group chief executive Elizabeth Gaines said the company held off on mining certain areas of its new Eliwana mine amid a “heightened awareness” of heritage-related matters.
  
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• 'Ambiguities' prompt emissions review

  04-05-2022 10:05 via businessnews.com.au
  
  Roy Hill will undertake an urgent review of the greenhouse gas management at its every-growing Pilbara iron ore mine after an appeal uncovered "ambiguities" in the EPA’s emissions calculations.
  
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• ASX loses steam ahead of Fed meeting

  04-05-2022 10:02 via businessnews.com.au
  
  The Australian stock exchange has edged lower ahead of a key Federal Reserve meeting, where the US central bank is widely expected to raise interest rates for the second time since 2018.
  
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• Critical minerals charge amid energy shift

  04-05-2022 09:42 via businessnews.com.au
  
  Critical minerals, downstream processing and government support are the key trends in the state’s mining project pipeline.
  
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• Both parties have vowed to freeze deeming rates to help pensioners after the rate rise. Here's what that means

  04-05-2022 09:10 via abc.net.au
  
  Deeming is an assumption about how much income people earn from their investments — and it's part of the process the government uses to work out whether someone is eligible for the age pension.
  
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• 'Where is all that water supposed to go?' Flood inquiry hears of failures in warnings, emergency response

  04-05-2022 08:54 via abc.net.au
  
  Northern NSW residents reel off stories of narrow escapes, criticisms of the emergency response and concerns about infrastructure making both flood emergencies worse.
  
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• 1,000 new homes on the horizon as rural shire eyes farmland for housing

  04-05-2022 08:49 via abc.net.au
  
  A south-west Victorian shire plans to address housing demand and help its regional towns grow by opening up agricultural land for as many as 1,000 new house blocks.
  
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• More Coyne businesses go under

  04-05-2022 08:40 via businessnews.com.au
  
  Two Coyne Group entities have entered liquidation weeks after New Sensation Homes, but it’s understood the business units were not substantial.
  
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• Appeals drive beefed-up rules for Ring Road

  04-05-2022 08:37 via businessnews.com.au
  
  The state government will strengthen environmental controls on its Bunbury Outer Ring Road project amid a groundswell of opposition, after a probe found they did not go far enough.
  
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• Reimagining the laws of attraction

  04-05-2022 08:00 via businessnews.com.au
  
  Selling Australia to international students isn’t a one-size-fits-all exercise.
  
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• Newspaper publishers plead for aid as paper price surges more than 80 per cent

  04-05-2022 07:59 via abc.net.au
  
  The country's largest regional news publisher is participating in a campaign for an immediate cash injection to compensate for a sudden surge in the cost of printing newspapers.
  
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• Newspaper publishers plea for aid as paper price surges more than 80 per cent

  04-05-2022 07:59 via abc.net.au
  
  Not worth the paper it's written on: how the cost of paper threatens regional journalism
  
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• Smorgon makes $37m play for Altamin

  04-05-2022 07:41 via businessnews.com.au
  
  Altamin shares were catapulted to a 12-month high on the back of an unsolicited off-market takeover attempt from its largest backer.
  
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• Newbridge residents appeal for water and sewerage spending to capitalise on regional growth

  04-05-2022 07:40 via abc.net.au
  
  Residents of a Victorian shire say they are being overlooked by people migrating to regional areas due to a lack of basic infrastructure services, such as a water and sewerage system.
  
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• Gold miner hits paydirt drilling beneath Kalgoorlie Super Pit

  04-05-2022 07:35 via abc.net.au
  
  The owners of Kalgoorlie's Super Pit say they are only scratching the surface after releasing the first results from a new underground drilling campaign.
  
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• Gold miner hits pay dirt drilling beneath Kalgoorlie Super Pit

  04-05-2022 07:35 via abc.net.au
  
  The owners of Kalgoorlie's Super Pit say they are only scratching the surface after releasing the first results from a new underground drilling campaign.
  
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• Early return for direct Perth-London flights

  04-05-2022 07:11 via businessnews.com.au
  
  Qantas will resume its Perth-London direct flight earlier than planned as the national carrier also announces for new non-stop routes to tourism destinations from Australia.
  
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• Labor maintains lead on ad spend

  04-05-2022 06:00 via businessnews.com.au
  
  Andrew Forrest’s philanthropic outfit upped its Facebook and Instagram advertising spend in WA last week as the major parties increasingly lean on memes to make their case on social media.
  
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• Remote search for lost mine workers ends in relief

  04-05-2022 05:50 via abc.net.au
  
  An engineering company put out an urgent call for help when two workers failed to arrive after a long drive. 
  
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• 'Horrendous' months push Live Clothing over edge

  04-05-2022 05:35 via businessnews.com.au
  
  The ongoing COVID-19 outbreak and event cancellations has pushed Perth streetwear brand Live Clothing into liquidation, with owners hoping to find a buyer to save the business.
  
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• Extension plans for mine beneath Sydney drinking water catchment released

  04-05-2022 05:10 via abc.net.au
  
  Opponents to South 32's plan say it "doesn't make sense" to put the catchment at risk, but supporters argue the potential economic benefits are too good to ignore.
  
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• Plan to temporarily close Tooleybuc Bridge postponed after community backlash

  04-05-2022 04:43 via abc.net.au
  
  NSW Transport Minister Sam Farraway says a new approach to repairing the bridge will be formulated after the "loud and clear" feedback from the community.
  
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• Conflict a plot twist in nickel story

  04-05-2022 04:31 via businessnews.com.au
  
  Russia’s potential displacement as a nickel trading partner has moved the dial on supply projections.
  
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• WA hits new peak in daily COVID cases

  04-05-2022 04:15 via businessnews.com.au
  
  Western Australia has reached a record peak as more than 9,000 new infections were reported overnight.
  
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• COVID cases jump to 9,782

  04-05-2022 04:15 via businessnews.com.au
  
  Western Australia has seen a jump in daily COVID cases as the state records more than 9,000 new infections overnight.
  
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• Mine inquiry seeks lasting change

  04-05-2022 03:57 via businessnews.com.au
  
  The parliamentary inquiry into FIFO practices has highlighted the need for significant cultural change.
  
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• 'Never been worse': Thousands of teachers walk off job in NSW amid wage stoush

  04-05-2022 03:38 via abc.net.au
  
  Thousands of public school teachers are marching through the Sydney CBD as part of their 24-hour industrial action over wages and conditions.
  
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• 'Huge' new music festival site for the Sunshine Coast aims to attract big-name events

  04-05-2022 03:30 via abc.net.au
  
  Creators say the new festival venture could attract events like Splendour in the Grass and Byron Bay Bluesfest.
  
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• Qantas loses appeal in outsourcing case, with compensation penalties awaiting

  04-05-2022 03:23 via abc.net.au
  
  Qantas has lost its appeal against a Federal Court decision that found the outsourcing of about 2,000 ground crew workers was illegal, and now awits to hear how much in compensation it needs to pay workers, and pay in penalties.
  
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• Court rules Qantas acted illegally when it outsourced ground crew during the pandemic

  04-05-2022 03:23 via abc.net.au
  
  Qantas loses its appeal against a Federal Court decision that found the outsourcing of about 2,000 ground crew workers was illegal, and now waits to hear how much in compensation it needs to pay workers, and pay in penalties.
  
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• ANZ boosts first half cash profit

  04-05-2022 03:10 via businessnews.com.au
  
  The nation's third-largest bank, ANZ, has reported a lift in first-half profit after tightly managing costs and improving home loan processing times.
  
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• Botanix shares lifted after inking first deal

  04-05-2022 02:59 via businessnews.com.au
  
  A Perth-based pharmaceutical founded by 40under40 winner Matt Callahan has acquired its first product in a bid to manoeuvre from research and development status to revenue-generating.
  
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• 'New direction' greenfield coal exploration effectively ruled out by NSW government

  04-05-2022 02:48 via abc.net.au
  
  Deputy Premier Paul Toole says several thousand hectares in the Central West and Hunter been deemed unsuitable because of the environmental and economic implications, citing a clear market shift in the interest in building new coal mines.
  
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• Coal exploration in three Hunter, Central West zones ruled out by NSW government

  04-05-2022 02:48 via abc.net.au
  
  Deputy Premier Paul Toole says those several thousand hectares have been deemed as not suitable because of the environmental and economic implications of greenfield infrastructure.
  
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• 'A lot less interest' greenfield coal exploration effectively ruled out by NSW government

  04-05-2022 02:48 via abc.net.au
  
  Deputy Premier Paul Toole says several thousand hectares in the Central West and Hunter been deemed unsuitable because of the environmental and economic implications, citing a clear market shift in the interest in building new coal mines.
  
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• Big four banks hike rates, as ANZ half year profit jumps

  04-05-2022 00:19 via abc.net.au
  
  All four big banks increase their interest rates on standard variable home loans by 0.25 per cent following the Reserve Bank's first rate rise in more than a decade. 
  
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• ANZ half-year profit jumps, while Westpac tips outsized June rate rise; ASX loses ground

  04-05-2022 00:19 via abc.net.au
  
  As the big four banks lift interest rates following the Reserve Bank's move, ANZ posts a rise in half year profit, the ASX loses early gains and investors await an expected rate increase from the US Federal Reserve. 
  
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• ANZ half year profit jumps, and US stocks gain again

  04-05-2022 00:19 via abc.net.au
  
  As the big four banks lift interest rates following the Reserve Bank's first increase rate rise in more than a decade, ANZ posts a rise in half year profit, and investors await an expected rate increase from the US central bank. 
  
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