Analyst news

• Live: NSW Now: Levels of violent crime involving weapons at historic lows, despite gangland murders

  15-06-2022 23:16 via abc.net.au
  
  MORNING BRIEFING: Crime statistics show that murders, assaults and robberies involving a knife or firearm were lower than in almost any other year over the past two decades.
  
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• US interest rates jump by 0.75 per cent, US stocks rally

  15-06-2022 23:07 via abc.net.au
  
  The US Federal Reserve has raised official interest rates — from between 0.75pc and 1pc to between 1.5pc and 1.75pc — to curb surging inflation, with the move seeing US stocks rally and the Australian dollar jump above 70 US cents. 
  
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• US interest rates jump by 0.75 per cent, UK set for another rate hike

  15-06-2022 23:07 via abc.net.au
  
  The US Federal Reserve has raised official interest rates — from between 0.75pc and 1pc to between 1.5pc and 1.75pc — to curb surging inflation, with the move seeing US stocks rally and the Australian dollar jump above 70 US cents. And the Bank of England is poised to raise borrowing costs tonight. 
  
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• ASX runs out of steam, US central bank raises interest rates by 0.75pc

  15-06-2022 23:07 via abc.net.au
  
  Australian stocks lose their gains despite a rise on Wall Street after the US Federal Reserve increased official interest rates — from between 0.75pc and 1pc to between 1.5pc and 1.75pc — to curb surging inflation, with the move seeing US stocks rally and the Australian dollar jump above 70 US cents. And the national unemployment rate stayed steady at 3.9 per cent. 
  
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• ASX gains after US interest rates jump by 0.75 per cent, UK set for another rate hike

  15-06-2022 23:07 via abc.net.au
  
  Australian stocks are higher after four days of losses after the US Federal Reserve raised official interest rates — from between 0.75pc and 1pc to between 1.5pc and 1.75pc — to curb surging inflation, with the move seeing US stocks rally and the Australian dollar jump above 70 US cents. And the Bank of England is poised to raise borrowing costs tonight. 
  
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• Concerns trade routes will be lost as air freight subsidy ends

  15-06-2022 22:56 via abc.net.au
  
  After two years and $1 billion the federal government is ending its International Freight Assistance Mechanism
  
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• How the Northern Territory has avoided the power crisis unfolding in the eastern states — for now

  15-06-2022 22:32 via abc.net.au
  
  As the eastern states grapple with the perfect storm behind a rapidly worsening energy crisis, the skies over the Northern Territory's power system are pretty clear. Here's what makes the NT's situation different — for now.
  
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• Paddock to pub: How unsellable fruit is getting a second chance as sour beer

  15-06-2022 22:11 via abc.net.au
  
  Farmers in WA's premier food and wine region are brewing beer with locally processed fruit puree, creating a new market for previously wasted seconds.
  
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• Funeral insurer 'grew and grew' off welfare payments, then collapsed

  15-06-2022 20:30 via abc.net.au
  
  In 2013, the government was warned that allowing funeral insurers to access Centrelink payments could end badly for customers. Almost a decade later, it did.
  
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• As ASIC cracked down on insurance company, they accessed millions in welfare payments

  15-06-2022 20:30 via abc.net.au
  
  In 2013, the government was warned that allowing funeral insurers to access Centrelink payments could end badly for customers. Almost a decade later, it did.
  
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• As ASIC cracked down on insurance company, it accessed millions in welfare payments

  15-06-2022 20:30 via abc.net.au
  
  In 2013, the government was warned that allowing funeral insurers to access Centrelink payments could end badly for customers. Almost a decade later, it did.
  
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• $68m deep-space antenna build begins

  15-06-2022 18:01 via businessnews.com.au
  
  Construction has begun on a $68 million antenna at the European Space Agency’s New Norcia tracking site, a project tipped to strengthen the agency’s relationship with Australia.
  
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• EU launches legal action against UK over post-Brexit deal on Northern Ireland

  15-06-2022 12:25 via abc.net.au
  
  The proposed UK bill seeks to remove customs checks on some goods entering Northern Ireland from the rest of the UK, and will override parts of the trade treaty signed two years ago.
  
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• Amid economic crisis, Pakistanis are urged to cut down on cups of tea

  15-06-2022 11:41 via abc.net.au
  
  If rising fuel prices, inflation and political turmoil weren't enough, Pakistanis have now been asked to cut down on their daily tea intake.
  
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• Australian farmers 'need to know what's coming their way' warn NZ graziers facing emissions levy

  15-06-2022 10:44 via abc.net.au
  
  By December, the New Zealand government is expected to make its final decision on how agricultural emissions will be priced, but farmers are already protesting the move.
  
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• Australian farmers 'need to know what's coming their way' warn NZ counterparts facing emissions levy

  15-06-2022 10:44 via abc.net.au
  
  By December, the New Zealand government is expected to make its final decision on how agricultural emissions will be priced, but farmers are already in the streets.
  
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• Farmers warn minimum wage rise is 'another nail in the coffin' and will cause more checkout pain for consumers

  15-06-2022 10:34 via abc.net.au
  
  Food producers say a wage increase for some of Australia's lowest paid workers will have to be passed on to consumers as input costs continue to soar and farmers already struggling to make a profit reconsider their future.
  
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• Farmers warn minimum wage increase is 'another nail in the coffin' and will cause more checkout pain for consumers

  15-06-2022 10:34 via abc.net.au
  
  Food producers say a wage increase for some of Australia's lowest paid workers will have to be passed onto consumers as input costs continue to soar and farmers already struggling to make a profit reconsider their future.
  
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• Rio's Gudai-Darri in cost blowout

  15-06-2022 10:16 via businessnews.com.au
  
  Rio Tinto has delivered first ore from its Gudai-Darri iron ore mine in the Pilbara, though costs for the new project have ran almost $US500 million more than initially anticipated.
  
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• ASX falls yet again ahead of Fed meeting

  15-06-2022 10:16 via businessnews.com.au
  
  The local bourse has closed lower for the sixth session in the past seven as traders digest the possibility of a supersized US rate hike overnight.
  
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• 'Huey' helicopter operators told to check drive shafts after fatal firefighting crash

  15-06-2022 10:08 via abc.net.au
  
  The Australian Transport Safety Bureau warns helicopter operators to inspect their aircraft's drive shaft after a fatal crash in Launceston earlier this year during bushfire water bombing.
  
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• KPMG awarded rail study contract

  15-06-2022 10:02 via businessnews.com.au
  
  The state government has awarded KPMG a $500,000 contract to investigate a faster rail service between Perth and Bunbury.
  
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• Train radio deal's derailing costs $6.6m

  15-06-2022 10:01 via businessnews.com.au
  
  Huawei deal for Transperth radio network has cost taxpayers $6.6 million in a termination settlement.
  
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• Train radio deal's derailing cost $6.6m

  15-06-2022 10:01 via businessnews.com.au
  
  Huawei deal for Transperth radio network has cost taxpayers $6.6 million in a termination settlement.
  
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• South32 backs coal closure

  15-06-2022 10:01 via businessnews.com.au
  
  Alumina producer South32, which is a major buyer of Collie coal, said the state government's planned coal exit was consistent with its own plans.
  
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• New board to oversee cultural assets named

  15-06-2022 09:48 via businessnews.com.au
  
  Nine members, including Morgan Solomon and Janelle Marr, have been appointed to the Arts and Culture Trust board, the body replacing the Perth Theatre Trust.
  
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• New board to oversee cultural assets

  15-06-2022 09:48 via businessnews.com.au
  
  Nine members, including Morgan Solomon and Janelle Marr, have been appointed to the Arts and Culture Trust board, the body replacing the Perth Theatre Trust.
  
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• At Close of Business: Mark Pownall goes behind Golden Ponds developer

  15-06-2022 09:47 via businessnews.com.au
  
  Senior editor Mark Pownall details the life and times of fisherman, wholesale food business player, and Golden Ponds founder and developer Tony Pannacchione.
  
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• Aussies are heading back overseas, but numbers are still a long way behind pre-pandemic levels

  15-06-2022 09:39 via abc.net.au
  
  Australians continue to tentatively return to overseas travel, but only one demographic has come anywhere near its pre-pandemic peak.
  
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• Former judge says Department of Planning emails give perception of 'special treatment'

  15-06-2022 09:37 via abc.net.au
  
  NSW Planning Minister Anthony Roberts has confirmed the economic case for the extension of a controversial coal mine will be reviewed following calls for the project to be referred to the Independent Planning Commission.
  
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• Dutton holds fire on McGowan barbs

  15-06-2022 09:30 via businessnews.com.au
  
  Peter Dutton remains open to having a more cooperative relationship with Mark McGowan going forward, despite the premier having called his intelligence into question less than a month ago.
  
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• FMG, Liebherr partner on electric trucks

  15-06-2022 09:25 via businessnews.com.au
  
  Fortescue Metals Group is aiming to have its first zero-emission haul trucks fully operational by 2025 after signing a major deal with German manufacturer Liebherr.
  
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• FMG, Leibherr partner on electric trucks

  15-06-2022 09:25 via businessnews.com.au
  
  Fortescue Metals Group is aiming to have its first zero emission haul trucks fully operational by 2025 after signing a major deal with German manufacturer Leibherr.
  
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• Court approves Blackstone's Crown takeover

  15-06-2022 08:46 via businessnews.com.au
  
  The Federal Court has cleared the way for private equity giant Blackstone Group to take over the troubled Crown Resorts business, the last major hurdle for the $8.9 billion acquisition to go ahead.
  
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• Knight Frank appoints new partner

  15-06-2022 08:28 via businessnews.com.au
  
  The real estate group has promoted Rick McKenzie to partner, as part of a restructure of its WA office leasing team.
  
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• 'You can get a better deal': Small electricity retailer pleads with its customers to leave amid energy crisis

  15-06-2022 08:17 via abc.net.au
  
  Electricity generators have been labelled "greedy" and "opportunistic" by a small power company, in a blistering attack on the industry.
  
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• 'It's a failed industry': Electricity generators criticised as smaller energy retailers struggle to compete

  15-06-2022 08:17 via abc.net.au
  
  Electricity generators have been labelled "greedy" and "opportunistic" by a small power company, in a blistering attack on the industry.
  
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• 'Greed's won the day': Electricity generators slammed as smaller energy retailers struggle to compete

  15-06-2022 08:17 via abc.net.au
  
  Electricity generators have been labelled "greedy" and "opportunistic" by a small power company, in a blistering attack on the industry.
  
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• Masks off at airport

  15-06-2022 08:04 via businessnews.com.au
  
  The end of the mask wearing mandate at Perth Airport ends on Saturday.
  
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• Hughes grilled over Titan collapse

  15-06-2022 07:59 via businessnews.com.au
  
  Pitcher Partners founder Bryan Hughes has been grilled before a public probe over the collapse of his brother’s firm Titan Interactive back in 2018.
  
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• Wages are going up. But the inflation rate means this works out to be a cut in real wages for some

  15-06-2022 07:43 via abc.net.au
  
  The national minimum wage will be increased by 5.2 per cent, while those on award rates will see a 4.6 per cent rise. But because inflation is at 5.1 per cent, the wage hike means less to some workers. 
  
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• AREH renewables project gets second wind

  15-06-2022 07:00 via businessnews.com.au
  
  BP will take the lead on what is touted to become one of the largest renewable hubs in the world after buying a stake in the Asian Renewable Energy Hub in the Pilbara.
  
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• Energy market operator suspends spot market for wholesale electricity

  15-06-2022 06:53 via abc.net.au
  
  The electricity market operator takes the extraordinary step of suspending the spot market for wholesale electricity.
  
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• Electricity spot market suspended as AEMO says it's 'impossible to operate' under current conditions

  15-06-2022 06:53 via abc.net.au
  
  The electricity market operator takes the extraordinary step of suspending the spot market for wholesale electricity. AEMO chief executive Daniel Westerman says suspending the market will simplify operations of the electricity market.
  
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• Electricity market suspended in much of Australia as power issues strain system

  15-06-2022 06:53 via abc.net.au
  
  The electricity market operator takes the extraordinary step of suspending the spot market for wholesale electricity. AEMO chief executive Daniel Westerman says suspending the market will simplify operations of the electricity market.
  
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• 'It's a fiasco': SA government slams national energy market but says local blackouts 'unlikely'

  15-06-2022 06:32 via abc.net.au
  
  South Australia's energy minister says the national energy market is "broken" but it's "unlikely" the state will suffer any blackouts after warnings of power uncertainty across Australia. 
  
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• Millions poured into prison security

  15-06-2022 06:04 via businessnews.com.au
  
  A recent report showed $19 million had been poured into infrastructure works at Greenough Regional Prison following the state’s biggest jailbreak.
  
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• Nats leader sees McGowan as sheep ally

  15-06-2022 06:01 via businessnews.com.au
  
  The new Nationals leader, David Littleproud, wants to team up with Mark McGowan to fight a live sheep export ban.
  
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• After half a century, Hong Kong's famed floating restaurant is towed away, the latest business sunk by COVID-19

  15-06-2022 05:35 via abc.net.au
  
  Hong Kong's famed Jumbo Floating Restaurant is no more, with the giant tourist attraction being towed from Aberdeen Harbour, making it the latest victim of the COVID pandemic.
  
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• Gold Coast's 'idiotic' beach bar call opens Pandora's box, critics say

  15-06-2022 04:35 via abc.net.au
  
  The council's decision to allow Kurrawa Beach Club to operate on a trial basis over the next three years has been slammed by opponents who fear there may be more venues to come.
  
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