Analyst news

• Reserve Bank hints at June interest rate hike, ASX rises despite economic worries

  16-05-2022 23:19 via abc.net.au
  
  The Reserve Bank has left a strong hint that it will lift the cash rate target in June, while the Australian share market is trading slightly higher despite an overnight drop on Wall Street as investors weigh up recession risks.
  
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• ASX rises despite economic worries, Wall Street struggles to recover from steep losses

  16-05-2022 23:19 via abc.net.au
  
  Australian shares have started the day higher, despite another drop on Wall Street as investors weighed the potential for a US recession.
  
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• ASX rises despite economic worries, Wall Street struggles on recession risk

  16-05-2022 23:19 via abc.net.au
  
  Mining and energy companies propped up the Australian share market on Tuesday, though worries about a global economic slowdown and aggressive interest rate hikes kept sentiment in check.
  
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• ASX likely to rise despite economic worries, Wall Street struggles to recover from steep losses

  16-05-2022 23:19 via abc.net.au
  
  The Australian share market is expected to open higher, despite another drop on Wall Street overnight as investors weighed the potential for a US recession.
  
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• Caroline lived in her car for months in what is often regarded as Australia's most affluent city

  16-05-2022 22:52 via abc.net.au
  
  Service providers in the ACT fear more Canberrans cannot meet basic living costs, challenging perceptions of Canberra as a rich city.
  
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• What are the two major parties promising for first home buyers?

  16-05-2022 20:34 via abc.net.au
  
  Cracking into the property market has been getting harder for a long time, and recently it has probably been harder than ever. So what are the two major parties offering to make it easier?
  
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• Why using your superannuation savings for buying a house 'is not recommended'

  16-05-2022 19:51 via abc.net.au
  
  Allowing first home buyers to draw their superannuation will likely, over time, push up house prices, according to many leading economists, but are you better off leaving your money in your super fund or pulling it out for a home deposit?
  
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• Experts warn that first home buyers may be hit when trying to upgrade if they use super for their deposit

  16-05-2022 19:51 via abc.net.au
  
  Allowing first home buyers to draw their superannuation will likely, over time, push up house prices, according to many leading economists, but are you better off leaving your money in your super fund or pulling it out for a home deposit?
  
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• ‘A bigger mortgage also comes with greater risk’: Why you could lose out if you draw your super for a home deposit

  16-05-2022 19:51 via abc.net.au
  
  Allowing first home buyers to draw their superannuation will likely, over time, push up house prices, according to many leading economists, but are you better off leaving your money in your super fund or pulling it out for a home deposit?
  
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• McDonalds to close all stores in Russia and remove its symbolism from the country

  16-05-2022 14:45 via abc.net.au
  
  McDonalds is selling its 850 restaurants in Russia while trying to seek a Russian buyer to hire workers and pay them until the sale closes.
  
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• Morrison 'not contemplating' quitting if he loses election, claims he can defy polls again

  16-05-2022 12:13 via abc.net.au
  
  Prime Minister Scott Morrison claims he can defy national opinion polls and win Saturday's federal election, saying Australians want him to be a "more inclusive" prime minister if he gets another term in power.
  
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• Gas guzzlers be gone! New Zealand will subsidise low-income earners to drive 'clean' cars

  16-05-2022 11:07 via abc.net.au
  
  New Zealand's government will help pay for lower-income families to scrap their old gas guzzlers and replace them with cleaner hybrid or electric cars as part of a sweeping plan to reduce greenhouse gas emissions.
  
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• Wiluna to tap investors

  16-05-2022 10:20 via businessnews.com.au
  
  Wiluna Mining is planning a capital raising, likely to be $25 million or more, as it seeks to complete development works at its Mid West gold operation.
  
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• At Close of Business: Gary Adshead on his chat with Basil

  16-05-2022 10:20 via businessnews.com.au
  
  Political editor Gary Adshead details his recent, wide-ranging discussion with Basil Zempilas, and answers whether Perth's lord mayor is considering a tilt at state politics.
  
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• Albo roadshow targets WA Liberal seats

  16-05-2022 09:57 via businessnews.com.au
  
  Albo here to win Swan, Pearce and Hasluck.
  
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• Watchdog reviews Iluka's revived mine bid

  16-05-2022 09:53 via businessnews.com.au
  
  A bid by one of Australia’s largest mineral sands producers to revive a mine proposal in the state’s South West will be subject to the highest level of scrutiny by the environmental watchdog.
  
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• Activ closing seven work sites

  16-05-2022 09:51 via businessnews.com.au
  
  Activ Foundation will be closing seven large-scale industrial work sites it has run since the 1950s in favour for more individual focus support, while working on arrangements with hundreds of affected employees.
  
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• Opposition demands payroll tax relief

  16-05-2022 09:46 via businessnews.com.au
  
  Tax reform is firmly on the opposition’s agenda in light of last week’s budget, with treasury spokesperson Steve Thomas calling for the state government to think big on payroll tax.
  
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• ASX up as Brambles confirms talks

  16-05-2022 09:44 via businessnews.com.au
  
  The ASX has finished in the green, with Brambles posting double-digit gains after the pallet giant confirmed it had been approached about a buyout.
  
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• Woodside closes in on BHP deal

  16-05-2022 09:40 via businessnews.com.au
  
  Woodside is awaiting shareholder approval to crystalise a merger with BHP’s petroleum business following clearance from a government administrator.
  
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• Zempilas keeping the glass half full

  16-05-2022 08:39 via businessnews.com.au
  
  Basil Zempilas has needed to draw on his renowned reserves of energy and enthusiasm in a tough 18 months as City of Perth lord mayor, while questions swirl about his political future.
  
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• Global consulting firm EY partners with Federation University to set up office in Ballarat

  16-05-2022 08:35 via abc.net.au
  
  As more workers leave large cities for the regions, global consulting giant Ernst & Young has opted to establish its first regional centre in Ballarat, Victoria.
  
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• Talk but no action on cost of living

  16-05-2022 08:03 via businessnews.com.au
  
  It is no surprise that the cost of living has emerged as a key issue during the election campaign.
  
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• Fyfe to head Synergy

  16-05-2022 07:58 via businessnews.com.au
  
  Acting Synergy boss David Fyfe has been appointed chief executive, with the state enterprise set to work through coal closures and a lift in government funding.
  
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• Cottesloe land up for rezoning

  16-05-2022 07:57 via businessnews.com.au
  
  An 8,028 square metres lot of land on the border of Cottesloe and Mosman Park could be in the hands of private developers this year after years of planning.
  
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• Funding secure, future optimistic: Clough

  16-05-2022 07:55 via businessnews.com.au
  
  Perth-based engineering company Clough has dismissed speculation that it has any funding issues or was at odds with the federal government over the Snowy 2.0 hydroelectricity project.
  
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• ASM fine-tuning South Korean partnership

  16-05-2022 07:48 via businessnews.com.au
  
  Shares in Australian Strategic Materials were up more than 30 per cent during trading after banking its first round of funding from a cohort of South Korean investors.
  
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• Environmental reporting rules slashed

  16-05-2022 07:37 via businessnews.com.au
  
  The state government has slashed environmental reporting rules for low-risk industry licences, promising less red tape and a more risk-based assessment approach.
  
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• Marine park planned for WA's Exmouth Gulf

  16-05-2022 07:14 via businessnews.com.au
  
  The West Australian government will establish a marine park in Exmouth Gulf in the state's northwest.
  
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• Actor Craig McLachlan admits pretending to fellate a banana as a 'joke' on set, court hears

  16-05-2022 07:13 via abc.net.au
  
  A 12-minute blooper reel filmed in 2014 on the set of a TV show also shows McLachlan "pretending to masturbate the arms of the crew" and "running up and kissing members of the crew".
  
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• China's economy slumps from COVID-19 lockdowns, ASX rises on Brambles takeover bid

  16-05-2022 05:42 via abc.net.au
  
  Australian shares are struggling to maintain their early morning rally, after China revealed that its economy had suffered a worse-than-expected slump in April as a result of its widening COVID-19 lockdowns.
  
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• China's economy slumps from COVID-19 lockdowns, ASX rises as Brambles considers $20b takeover bid

  16-05-2022 05:42 via abc.net.au
  
  Australian shares are struggling to maintain their early morning rally, after China revealed that its economy had suffered a worse-than-expected slump in April as a result of its widening COVID-19 lockdowns.
  
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• Warning farm wage changes may push grey nomads out of industry

  16-05-2022 04:52 via abc.net.au
  
  Unions describe the introduction of a minimum hourly rate for fruit and vegetable pickers as a historic victory but on the ground, the winners and losers are less clear.
  
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• COVID hospitalisations climb after record case run

  16-05-2022 04:42 via businessnews.com.au
  
  WA has recorded more than 12,200 new COVID cases overnight, as hospitalisation numbers begin to rise following a week of record infections.
  
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• ARTS REVIEW: WAAPA serves up a slice of NYC jazz

  16-05-2022 04:37 via businessnews.com.au
  
  In a retrospective performance, jazz virtuoso Barney McAll draws on the traditions of his genre while pointing the way to the future, writes Garry Lee.
  
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• Just don’t mention the (climate) war

  16-05-2022 03:46 via businessnews.com.au
  
  The major parties have a fine line to walk on climate policy.
  
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• 'The public deserves to know': Calls for federal MP to outline alternative rail route

  16-05-2022 03:02 via abc.net.au
  
  Karen Andrews is under pressure to reveal alternative light rail route, with Mark Bailey saying her position "has been changing regularly".
  
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• PM Morrison denies AUKUS mismanagement

  16-05-2022 02:55 via businessnews.com.au
  
  Prime Minister Scott Morrison has defended the handling of the AUKUS negotiations after reports he misled the US on the level of bipartisanship.
  
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• Country doctor's breast cancer journey takes stressful detour as treatment hub stalls

  16-05-2022 02:40 via abc.net.au
  
  A Geraldton doctor is among cancer patients in her region who have to travel to Perth for radiotherapy despite a promise three years ago to build a treatment centre.
  
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• North West Defence Alliance calls for better resources to deter potential threats

  16-05-2022 02:27 via abc.net.au
  
  Leaders in northern WA are lobbying for defence facilities such as missiles and large-scale bases to be built to protect the region's $100 billion export industries.
  
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• Call for 'missiles and infrastructure' to protect $100 billion assets in northern WA

  16-05-2022 02:27 via abc.net.au
  
  Leaders in northern WA are lobbying for defence facilities such as missiles and large-scale bases to be built to protect the region's $100 billion export industries.
  
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• As lithium prices rise this small seaside town is facing an influx of workers

  16-05-2022 01:26 via abc.net.au
  
  As lithium prices surge, US chemicals company Albemarle is considering a major expansion of its refinery south of Perth, with plans for a 1,000-bed capacity workers' village at Binningup.
  
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• Sapphire F1 takes Southern 80 honours

  16-05-2022 00:50 via abc.net.au
  
  The annual water-ski race had been postponed due to a shortage of emergency workers to man the event, as they were tied up with Victoria's response to the Omicron variant of COVID-19.
  
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