Analyst news

• 'There's a lot of people very scared': Coal town reacts to industry deadline

  14-06-2022 23:59 via abc.net.au
  
  Western Australia will do away with coal power by 2029, leaving the state's electricity hub without its major industry. But residents say the people of Collie knew the "tough day" was coming and are sandbagging their livelihoods.
  
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• 'A lot of people very scared': Coal town reacts to industry deadline

  14-06-2022 23:59 via abc.net.au
  
  Western Australia will do away with coal power by 2029, leaving the state's electricity hub without its major  industry. But residents say the people of Collie knew the "tough day" was coming and are sandbagging their livelihoods.
  
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• US stocks lose more ground ahead of expected Federal Reserve interest rate hike

  14-06-2022 23:51 via abc.net.au
  
  US stocks have ended mainly lower ahead of the outcome of the latest meeting of the US Federal Reserve, which is expected to raise official interest rates by as much as 0.75 per cent on Thursday. 
  
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• US stocks lose ground ahead of expected rate rise, Australian dollar slumps

  14-06-2022 23:51 via abc.net.au
  
  US stocks have ended mainly lower ahead of the outcome of the latest meeting of the US Federal Reserve, which is expected to raise official interest rates by as much as 0.75 per cent on Thursday. The Australian dollars falls below 69 US cents as greenback soars. 
  
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• ASX and US stocks lose ground ahead of expected rate rise, Australian dollar slumps

  14-06-2022 23:51 via abc.net.au
  
  As the Australian dollars falls below 69 US cents, the local share market opens down again after US stocks ended lower overnight ahead of the next meeting of the US Federal Reserve, which may lift official interest rates by 0.75 per cent on Thursday.
  
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• ASX and US stocks lose ground ahead of expected rate rise

  14-06-2022 23:51 via abc.net.au
  
  The Australian share market lost ground for the fourth day in a row as investors await a big interest rate rise by the US central bank, and as the Australian energy market operator suspends the wholesale electricity spot market to avert power shortages. 
  
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• Iconic Red Centre pub Bojangles to re-open after Liquor Commission overruled

  14-06-2022 23:09 via abc.net.au
  
  The new owners of Bojangles Saloon and Restaurant have been granted a late-night liquor licence after a protracted stoush with the Northern Territory Liquor Commission.
  
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• 'The time for Australia is now': How the country could help ease global fertiliser woes

  14-06-2022 23:04 via abc.net.au
  
  As Russia's invasion of Ukraine exacerbates a global shortage of fertiliser, Australian miners want to make the country a globally preferred exporter while also creating domestic security.
  
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• The Gold Coast seaside suburbs with properties under $1 million

  14-06-2022 22:36 via abc.net.au
  
  Those who hold on to the dream of living by the ocean may be in luck as Gold Coast property data shows there are still suburbs where houses can be bought for a reasonable price. 
  
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• Sugarcane pulp powers 30 per cent of this city's houses, could the rest of Australia follow?

  14-06-2022 22:03 via abc.net.au
  
  The sugar industry has a proven ability to produce renewable energy, so why aren't more homes being powered by sugar?
  
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• Why are generators withdrawing supply in the midst of an energy crisis?

  14-06-2022 21:42 via abc.net.au
  
  Five of Queensland's state-owned power generators are currently not operating. Others are being turned off on purpose as blackouts threaten. 
  
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• Tourists 'come for the wilderness and trees, not logging', Tasmanian operator says

  14-06-2022 21:27 via abc.net.au
  
  A wilderness tour operator in Tasmania joins the call for the native logging industry to end, saying it gives the "wrong message" to interstate visitors — with a Wilderness Society-backed report likening the annual carbon emissions from logging to "a million cars".
  
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• Report likens carbon emissions from native forest logging to 'a million cars'

  14-06-2022 21:27 via abc.net.au
  
  Logging Tasmania's native forests produces roughly the equivalent annual greenhouse gas emissions as 1.1 million cars, a new Wilderness Society-backed report by forest ecologist Jennifer Sanger says.
  
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• Green backed report likens carbon emissions from native forest logging to 'a million cars'

  14-06-2022 21:27 via abc.net.au
  
  Logging Tasmania's native forests produces roughly the equivalent annual greenhouse gas emissions as 1.1 million cars or 422,000 return flights to London, a new Wilderness Society-backed report says.
  
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• Airport mask mandate can go, health chiefs say

  14-06-2022 12:53 via abc.net.au
  
  The AHPPC considers that it is no longer proportionate to mandate mask use in airport terminals. Individual states can now drop the mandate as early as midnight June 17.
  
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• Reserve Bank governor warns it is unclear how high interest rates will go

  14-06-2022 11:03 via abc.net.au
  
  Philip Lowe has warned Australians they need to be prepared for substantial interest rate rises over the rest of this year, conceding he's not sure how high they might go.
  
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• At Close of Business: Madeleine Stephens goes behind Activ struggles

  14-06-2022 10:11 via businessnews.com.au
  
  Journalist Madeleine Stephens details how Activ Foundation's decision to close seven of its supported worksites will affect people with disability in Perth.
  
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• Woodside unveils home-grown robotic tool

  14-06-2022 10:00 via businessnews.com.au
  
  Woodside and a host of Perth companies have developed a new robotic inspection tool expected to halve caisson survey costs, improve safety and avoid supply chain-induced delays.
  
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• Confused by what's happening on the stock market? Here's what it all means

  14-06-2022 09:48 via abc.net.au
  
  There are fears we could be on the verge of another global recession and investors are spooked. 
  
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• New policies to impact employers

  14-06-2022 09:39 via businessnews.com.au
  
  Employers have been advised to prepare for major changes to the Fair Work Act that will affect their ability to engage casual staff and use labour hire companies.
  
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• ASX falls 3.6pc to close at 16-month low

  14-06-2022 09:35 via businessnews.com.au
  
  The local share market has suffered its worst losses since 1 May 2020, and is now down 7.3 per cent in June.
  
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• 'There is a finite resource': Locals voice concerns over planned West Gippsland housing development

  14-06-2022 09:04 via abc.net.au
  
  A 304-house subdivision has been proposed for a 45-hectare parcel of agricultural land at Yarragon.
  
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• Metalicity takeover bid goes to Supreme court

  14-06-2022 08:44 via businessnews.com.au
  
  An ongoing dispute between Metalicity and Tom Percy-led Nex Metals Explorations has escalated to the Supreme Court.
  
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• Hero Properties launches new arm

  14-06-2022 08:41 via businessnews.com.au
  
  Hero Properties chief Julie Drago, behind the $122 million Realside Ovest fund, has launched a property management division of the company.
  
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• MinRes claims to remain under wraps

  14-06-2022 08:09 via businessnews.com.au
  
  The explosive allegations levelled against MinRes and boss Chris Ellison at the hands of a former contracts manager will remain shrouded in secrecy.
  
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• Last of state-owned coal power stations to close

  14-06-2022 08:09 via businessnews.com.au
  
  The last remaining state-owned coal power stations in Western Australia will close by 2030, with Premier Mark McGowan signaling the state's exit from the industry.
  
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• Blanch becomes new top cop

  14-06-2022 07:13 via businessnews.com.au
  
  Western Australia's deputy police commisioner Col Blanch will lead the 6,800-strong force after being described as the "stand out" replacement for Chris Dawson.
  
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• WA government to exit coal power with billion-dollar push towards green energy

  14-06-2022 07:08 via abc.net.au
  
  Western Australia's government calls time on its involvement in coal power, declaring the state will exit the market before 2030 and plough billions of dollars into renewable energy and storage.
  
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• WA government calls end to involvement in coal power as Collie plants set to close

  14-06-2022 07:08 via abc.net.au
  
  Western Australia's government calls time on its involvement in coal power, declaring the state will exit the market before 2030 and plough billions of dollars into renewable energy and storage.
  
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• Fight against corruption 'impacted' by $1.3 million budget cut, ICAC boss warns

  14-06-2022 06:53 via abc.net.au
  
  On top of the cuts, the NT's Independent Commissioner Against Corruption also reveals a probe into claims someone misled cabinet had to be discontinued because of legislative restrictions.
  
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• Pentagon strikes $US120m deal with Aussie miner

  14-06-2022 06:33 via abc.net.au
  
  Lynas Rare Earths has been awarded a contract by the US Department of Defence to build a processing facility in Texas.
  
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• What is load shedding and why is it threatening to pitch millions of Australians into darkness?

  14-06-2022 06:23 via abc.net.au
  
  In the electricity industry, no two words instil a greater sense of fear or failure as load shedding. Here's why.
  
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• Estate of the art: Artist brushes Byron Bay to find home for new gallery

  14-06-2022 06:16 via abc.net.au
  
  The director of Lundberg says his escape from Sydney to the Northern Rivers was complete when he discovered an inland town's industrial estate, much to the surprise of his tradie neighbours.
  
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• Nev Power retains three ASX board seats

  14-06-2022 06:09 via businessnews.com.au
  
  Genesis Minerals has joined Strike Energy and APM Human Services International in announcing that convicted border cheat Nev Power will continue on its board of directors.
  
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• Trucking bodies have known what's wrong with their industry for years. They say it's time for solutions

  14-06-2022 05:52 via abc.net.au
  
  The peak body for Victorian road freight is calling on the government to make it easier for young people to become truck drivers, as the industry grapples with a critical shortage.
  
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• Should teenagers be allowed to drive big trucks? The transport industry says 'yes'

  14-06-2022 05:52 via abc.net.au
  
  The peak body for Victorian road freight is calling on the government to make it easier for young people to become truck drivers, as the industry grapples with a critical shortage.
  
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• Let teenagers drive big trucks: Why the transport industry is calling for change

  14-06-2022 05:52 via abc.net.au
  
  A road transport authority wants the Victorian government to make it easier for young people to get truck licences, as the critical shortage of drivers gets worse every day.
  
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• Lynas recruited for Texan rare earths plant

  14-06-2022 05:44 via businessnews.com.au
  
  Lynas Rare Earths has firmed up a contract with the US Department of Defence to build a $US120 million heavy rare earths separation facility in Texas.
  
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• Nine Perth pubs acquired by Victorian hospo group

  14-06-2022 05:27 via businessnews.com.au
  
  ARK Group is selling seven venues to Australian Venue Co, including The Peach Pit and Market Grounds, while Colonial Leisure Group has swapped two of its assets for Melbourne-based pubs.
  
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• Nine Perth pubs acquired by Victorian hospo company

  14-06-2022 05:27 via businessnews.com.au
  
  ARK Group is selling seven venues to Australian Venue Co, including The Peach Pit and Market Grounds, while Colonial Leisure Group has swapped two of its assets for Melbourne-based pubs.
  
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• Who is Russia's new burger tsar?

  14-06-2022 05:26 via abc.net.au
  
  The billionaire businessman who has taken over McDonald's outlets in Russia wants to expand his new chain to 1,000 locations across the country.
  
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• Pfizer tacks $80m onto ResApp offer

  14-06-2022 05:10 via businessnews.com.au
  
  Pfizer and WA-founded med-tech business ResApp have agreed to an increased cash takeover offer following a reappraisal of the target’s share price, which could add up to $80 million to the deal.
  
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• $115m WACA revamp progresses

  14-06-2022 04:44 via businessnews.com.au
  
  The $115 million project to revitalise the East Perth cricket grounds is underway with an all-abilities playground added to the design plan.
  
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• Court told 47 charges against Guy Sebastian's former manager still valid despite judge's not guilty direction

  14-06-2022 04:39 via abc.net.au
  
  A Sydney jury that was directed by a judge to find Guy Sebastian's former manager not guilty of three embezzlement charges is told the development doesn't reflect the validity of 47 remaining charges. 
  
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• SA government reaches compromise over workers compensation changes

  14-06-2022 04:33 via abc.net.au
  
  South Australian workers will still be able to claim compensation for multiple injuries caused in the same incident, following the state government backing down after pressure from unions.
  
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• Nundah project to add 49 units, retail space to busy suburban corner

  14-06-2022 04:11 via abc.net.au
  
  Nundah residents hope building plans for an old corner will invigorate the suburb, but some fear an influx of residents may make traffic congestion worse.
  
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• 'Gold CityGlider' could link Woolloongabba to Hamilton, but Greens councillor says route too long

  14-06-2022 04:11 via abc.net.au
  
  The proposed high-frequency bus service could help commuters get from the southside to the north if approved by the state government.
  
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• RAAFA buys retirement village

  14-06-2022 03:57 via businessnews.com.au
  
  Retirement and aged care provider RAAFA has expanded its presence in Rockingham with the acquisition of 50 retirement units.
  The purchase from the City of Rockingham takes RAAFA, to 1287 retirement living units, at six different villages.
  
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• Aussie shares follow big US sell-off

  14-06-2022 02:56 via businessnews.com.au
  
  The Australian sharemarket fell as much as 5.3 per cent at the opening on Tuesday after big sell-offs on overseas markets, with the benchmark US indice down 21 per cent from its peak.
  
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• Live: Tens of billions wiped off ASX as recession fears sink global markets. What does it all mean?

  14-06-2022 02:38 via abc.net.au
  
  Tens of billions of dollars have been wiped off the value of Australia's top companies amid global markets sinking on worries of more aggressive interest rate hikes by the US central bank. Join business reporter Sue Lannin as we take a closer look at what's happening and what it all means. Follow live.
  
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