Analyst news

• $US1.3 trillion drop for major US tech firms; ASX and Wall Street tumble

  05-05-2022 23:45 via abc.net.au
  
  The ASX tumbles after Wall Street stocks plummet as investors worry about the need for larger interest rate increases to stem inflation, while the Bank of England raises rates for a fourth time. 
  
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• $US1.3 trillion drop for major tech firms: Dow tumbles 1,000 points on inflation fears

  05-05-2022 23:45 via abc.net.au
  
  Major indexes on Wall Street plummet as investors worry about the need for larger interest rate increases to stem high inflation, while the Bank of England raises interest rates for the fourth time in a row. 
  
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• $65 billion wiped from ASX, Wall Street rout as Dow tumbles 1,000 points

  05-05-2022 23:45 via abc.net.au
  
  The ASX loses nearly $70 billion after Wall Street stocks plummet, as investors worry about the need for larger interest rate increases to stem inflation, while the Bank of England raises rates for a fourth time. 
  
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• $57 billion wiped from ASX, Dow plunges 1000 points on Wall Street

  05-05-2022 23:45 via abc.net.au
  
  The ASX plunges by nearly $60 billion after Wall Street stocks plummet, as investors worry about the need for larger interest rate increases to stem inflation, while the Bank of England raises rates for a fourth time. 
  
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• Has the Sea World monorail closed forever? Gold Coast theme park tight-lipped on ride's future

  05-05-2022 23:09 via abc.net.au
  
  The future of the Sea World monorail remains unclear after the carriages were removed from the Gold Coast theme park this week.
  
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• Eastern Melbourne bus services at a standstill as 1,500 drivers go on strike

  05-05-2022 23:09 via abc.net.au
  
  The Transport Workers Union says major companies Dyson and Ventura are refusing to address working conditions or pass on wage increased to drivers.
  
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• Port Spencer given go ahead after securing funding, works to begin as early as next month

  05-05-2022 22:39 via abc.net.au
  
  Peninsula Ports secures enough funding to go ahead with its plans to build the new facility, 20km north-east of Tumby Bay, with grain exports potentially flowing by harvest time 2023.
  
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• New grain port given go ahead, but concerns remain for penguin colony

  05-05-2022 22:39 via abc.net.au
  
  Peninsula Ports secures enough funding to go ahead with its plans to build the new facility, 20km north-east of Tumby Bay, with grain exports potentially flowing by harvest time 2023.
  
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• New builders take over luxury Brisbane CBD tower dogged by Probuild collapse

  05-05-2022 22:38 via abc.net.au
  
  Hutchinson Builders are appointed to finish constructing a luxury apartment tower in Brisbane's CBD that has been plagued by delays as apartment owners grow increasingly frustrated.
  
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• Months after buying their forever home, this couple found out there might be a highway running through it

  05-05-2022 21:46 via abc.net.au
  
  Months after buying their "forever home", a young couple is told by a neighbour that it could be in the path of a four-lane highway.
  
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• Couple learn of four-lane highway plans months after buying Moreton Bay property

  05-05-2022 21:46 via abc.net.au
  
  Months after buying their "forever home", a young couple is told by a neighbour that it could be in the path of a four-lane highway.
  
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• What impact will interest rate rises have on renters?

  05-05-2022 21:05 via abc.net.au
  
  Cameron's lease expires at the end of August. If he can't secure a rental in time, he'll have to move his wife and four children into his parents' home.
  
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• Didi, Lenovo founders join Chinese tech leaders ending public presence on Weibo

  05-05-2022 12:45 via abc.net.au
  
  Both Didi's Jean Liu and her father Liu Chuanzhi join the list of Chinese tech company founders, such as Jack Ma, going private on social media in the past two years.
  
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• McGurk apologises over Westerman comments

  05-05-2022 10:47 via businessnews.com.au
  
  Communities Minister Simon McGurk has issued a public apology to psychologist Tracy Westerman over comments she made during a press conference that later prompted defamation action.
  
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• At Close of Business: Mark Beyer on carbon farming

  05-05-2022 10:20 via businessnews.com.au
  
  On today's episode of At Close of Business, senior editor Mark Beyer digs into the policies underpinning Australia's carbon market and the businesses navigating it in WA.
  
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• ASX gains 0.8pc on Fed relief rally

  05-05-2022 10:09 via businessnews.com.au
  
  The Australian Stock Exchange has finished broadly higher after the US Federal Reserve said aggressive interest rate hikes weren't under active consideration.
  
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• ‘We needed to listen’ says Stausholm

  05-05-2022 10:08 via businessnews.com.au
  
  Nearly two years on since the destruction at Juukan Gorge, Rio boss Jakob Stausholm has told shareholders that the miner is focused on resetting relationships.
  
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• Regional innovation precinct secures tenants

  05-05-2022 09:58 via businessnews.com.au
  
  Spinifex Brewing Co and Singaporean food and agri-tech company The GrowHub are among the tenants to have signed on to move into the Shire of Murray’s food innovation precinct.
  
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• Advisor fails to veto Di Ciano lawsuit

  05-05-2022 09:54 via businessnews.com.au
  
  Former ANZ financial advisor Steven Talevski has failed to quash Perth entrepreneur Natasha Di Ciano’s legal claim against him for allegedly accessing her bank records.
  
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• Approval for $150m South Perth apartments

  05-05-2022 09:51 via businessnews.com.au
  
  The state's planning commission has approved a 36-storey apartment building along Mill Point Road in South Perth, next door to Finbar's 21-storey Aurelia development.
  
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• Contractors win $516m in work

  05-05-2022 09:14 via businessnews.com.au
  
  A Georgiou Group joint venture is undertaking a $494 million project for Transport for New South Wales, while Kerman Contracting was awarded $22 million in work from Karara Mining.
  
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• EPA to renew smelter licence ahead of Port Pirie board visit despite contamination report

  05-05-2022 08:56 via abc.net.au
  
  South Australia's Environment Protection Authority has confirmed the operator of Port Pirie's lead smelter will have its licence renewed in July, as the authority continues to assess data on contamination around the site.
  
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• EPA to renew Port Pirie smelter licence as board plans visit, following contamination findings

  05-05-2022 08:56 via abc.net.au
  
  South Australia's Environment Protection Authority has confirmed the operator of Port Pirie's lead smelter will have its licence renewed in July, as the authority continues to assess data on contamination around the site.
  
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• EMRC to supply Woodside pilot plant

  05-05-2022 08:56 via businessnews.com.au
  
  Red Hill has been selected as the site for Woodside Petroleum’s first plant turning carbon emissions into ethanol after a deal with the East Metropolitan Regional Council.
  
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• Striking prison officers claim facility at 140pc capacity, chronically understaffed

  05-05-2022 08:51 via abc.net.au
  
  Staff at the Alice Springs Correctional Centre open up about chronic burnout, bed shortages and family breakdowns during a 12-hour work stoppage in protest of the NT government's proposed four-year wage freeze.
  
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• Alice Springs prison officers strike, claim facility chronically understaffed

  05-05-2022 08:51 via abc.net.au
  
  Staff at the Alice Springs Correctional Centre open up about chronic burnout, bed shortages and family breakdowns during a 12-hour work stoppage in protest of the NT government's proposed four-year wage freeze.
  
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• Blackburne moving to Subi

  05-05-2022 08:28 via businessnews.com.au
  
  The developer is moving its headquarters after almost two decades in West Perth.
  
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• National security squabble a disservice

  05-05-2022 08:00 via businessnews.com.au
  
  Our political leaders need to show a united front on the China-Solomons deal rather that trying to outmuscle each other.
  
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• $85m apartment plan for East Freo

  05-05-2022 07:25 via businessnews.com.au
  
  Saracen Properties are planning to build an 18-storey apartment block at the corner of Canning and Stirling highways in an $85 million proposal.
  
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• Industry, govt at odds over 'costly' licensing laws

  05-05-2022 07:06 via businessnews.com.au
  
  Construction industry groups have called on the state government to scrap new laws forcing thousands of excavator operators to obtain costly new qualifications.
  
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• Chips are down for potato farmers as record demand doesn't move stagnant prices

  05-05-2022 06:35 via abc.net.au
  
  Unlike most vegetables, potatoes are not traded on wholesale markets that rise and fall with supply and demand. There are fears growers will walk away as cost pressures make the staple crop unviable.
  
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• Utilities battle over $413m grid tech spending

  05-05-2022 06:21 via businessnews.com.au
  
  Alinta Energy has warned Western Power’s proposed regulatory deal would lead to higher electricity costs and favour rooftop solar ahead of utility-scale renewables.
  
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• Perth World Games bid gathers momentum

  05-05-2022 04:52 via businessnews.com.au
  
  World Games 2027 Bid Committee chair Tanya Brown says the flow-on effect on businesses from hosting the sporting event in Perth would be “astronomical”.
  
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• Daily COVID cases pass 10,000 mark

  05-05-2022 04:17 via businessnews.com.au
  
  Daily COVID cases in Western Australia have reached a new record, peaking for the second consecutive day as WA Health reports more than 10,000 new infections.
  
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• Clarity needed on Quigley Crown call

  05-05-2022 04:04 via businessnews.com.au
  
  After having two goes at providing evidence in the McGowan versus Palmer defamation case, John Quigley has some clearing up to do closer to home.
  
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• Qantas to buy rest of key charter operator

  05-05-2022 04:03 via businessnews.com.au
  
  Alliance Aviation Services and Qantas have agreed for the latter to fully take over the leading contract and charter flights operator.
  
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• NAB lifts first-half profit, dividend

  05-05-2022 02:20 via businessnews.com.au
  
  National Australia Bank's first-half cash profit has risen 4.1 per cent and the lender has also lifted its interim dividend to 73 cents a share.
  
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• Gympie family's close call as mysterious metal object crashes through ceiling

  05-05-2022 02:17 via abc.net.au
  
  Tenika Lawther is still in shock after the unidentified object rocketed through the roof and into the floor last night, narrowly missing their baby's bouncer.
  
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• It should have been a bumper day of trade. But Rachel is still recouping her losses

  05-05-2022 00:02 via abc.net.au
  
  The first home game for the local football team in years should have meant a bumper day of trade for business manager Rachel Davey but she was undone by a critical outage.
  
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