Analyst news

• ASX rises, Wall Street slips as Jerome Powell says US recession is a 'possibility'

  22-06-2022 23:35 via abc.net.au
  
  The Australian share market rises in morning trade, while Wall Street falls slightly after the US Federal Reserve chairman Jerome Powell tells a Senate committee that a “soft landing” for the US economy will be difficult.
  
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• ASX likely to rise, Wall Street slips as Jerome Powell says US recession is a 'possibility'

  22-06-2022 23:35 via abc.net.au
  
  The Australian share market may begin its day higher, despite a weak performance on Wall Street, after US Federal Reserve chairman Jerome Powell tells a Senate committee that a “soft landing” for the US economy will be difficult.
  
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• Victorian earthquake insurance claims spark most complaints after COVID, flooding

  22-06-2022 22:21 via abc.net.au
  
  Victoria's September 22 earthquake is the third most complained about insurance event in the last year after COVID-19 and east coast flooding, according to the Australian Financial Complaints Authority.
  
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• Tried booking a removalist lately? You might be waiting a while

  22-06-2022 22:13 via abc.net.au
  
  A shortage of labour is affecting almost every industry in Australia, but for removalists the problem is just one of many factors making everyday business more difficult.
  
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• Here's how electric cars will impact the power grid, and what's being done to avert the threat

  22-06-2022 21:30 via abc.net.au
  
  Energy retailers and distributors are preparing for a looming challenge from electric vehicles, with new research revealing they'll add at least 30 per cent demand on the evening peak unless drivers change their behaviour.
  
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• Electric cars are looming threat to the power grid, unless we change our behaviour

  22-06-2022 21:30 via abc.net.au
  
  Energy retailers and distributors are preparing for a looming challenge from electric vehicles, with new research revealing they'll add at least 30 per cent demand on the evening peak unless drivers change their behaviour.
  
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• Electric cars are a looming threat to the power grid, unless we change our behaviour

  22-06-2022 21:30 via abc.net.au
  
  Energy retailers and distributors are preparing for a looming challenge from electric vehicles, with new research revealing they'll add at least 30 per cent demand on the evening peak unless drivers change their behaviour.
  
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• Sarah's one of almost 40 per cent of Australians with mortgages about to face financial pain

  22-06-2022 20:58 via abc.net.au
  
  Almost 40 per cent of Australians with mortgages who have locked in ultra-low fixed interest rates will roll off them as soon as next year, raising fears that more people will default on their loans, creating financial system instability.
  
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• Sarah is one of almost 40 per cent of Australians with mortgages about to face financial pain

  22-06-2022 20:58 via abc.net.au
  
  Almost 40 per cent of Australians with mortgages who have locked in ultra-low fixed interest rates will roll off them as soon as next year, raising fears that more people will default on their loans, creating financial system instability.
  
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• Sarah is about to come off fixed interest rates and face a world of financial pain

  22-06-2022 20:58 via abc.net.au
  
  Almost 40 per cent of Australians that have locked in ultra-low fixed interest rates will roll off them as soon as next year, creating fears that more people will default on their loans, creating financial system instability.
  
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• Fears grow that many Australians could default on their housing loans

  22-06-2022 20:58 via abc.net.au
  
  Almost 40 per cent of Australians with mortgages who have locked in ultra-low fixed interest rates will roll off them as soon as next year, raising fears that more people will default on their loans, creating financial system instability.
  
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• Affordable housing crisis could cost WA $6.6bn

  22-06-2022 19:00 via businessnews.com.au
  
  Economic modelling by Housing All Australians has led to a call to action for the business community to help address the affordable housing crisis.
  
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• Petition is more strife for Liberals

  22-06-2022 11:52 via businessnews.com.au
  
  EXCLUSIVE: A petition has been started to rid the WA Liberal Party of "the clan".
  
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• Rex pilots to take industrial action that may affect passengers with 'minor changes' as pay negotiations fail

  22-06-2022 11:31 via abc.net.au
  
  A breakdown in pay negotiations results in 230 Rex pilots voting to take industrial action, but the airline says it is "aligned' with the union by not wishing to negatively impact the travelling public.
  
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• UK inflation has hit a 40-year high — and we're going to feel this in Australia

  22-06-2022 11:15 via abc.net.au
  
  Inflation is soaring to new highs in major global economies and Australia is not immune.
  
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• Sri Lanka's economy has 'completely collapsed', Prime Minister says

  22-06-2022 10:58 via abc.net.au
  
  Sri Lanka's Prime Minister says the debt-laden economy has completely collapsed after months of shortages of food, fuel and electricity.
  
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• Sri Lanka's economy has 'completely collapsed': Prime Minister

  22-06-2022 10:58 via abc.net.au
  
  Sri Lanka's Prime Minister says the debt-laden economy has completely collapsed after months of shortages of food, fuel and electricity.
  
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• At Close of Business: Jordan Murray talks Asian engagement

  22-06-2022 10:13 via businessnews.com.au
  
  Journalist Jordan Murray delves into the rhetoric behind Labor's shift on Asian engagement and whether there's a substantive change in the new government's trade policies.
  
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• Shaw to review mining industry policies

  22-06-2022 10:06 via businessnews.com.au
  
  An independent expert will review department protocols in responding to sexual harassment and assault in the mining industry.
  
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• ASX can't sustain gains, falls 0.2pc

  22-06-2022 09:50 via businessnews.com.au
  
  The Australian share market has resumed its downward march after snapping a seven-session losing streak, closing down 0.2 per cent.
  
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• 'Disorganised' CTF a fraud risk: Auditor

  22-06-2022 09:32 via businessnews.com.au
  
  A review of the state's Construction Training Fund has found its financial management to be “disorganised”, exposing it to an “alarming” level of fraud risk.
  
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• Eight-storey apartment plan on Oxford St

  22-06-2022 09:19 via businessnews.com.au
  
  A $15 million eight-storey apartment block has been proposed on Oxford Street, exceeding the local height limit in Mount Hawthorn.
  
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• Fluor, Clough win major projects

  22-06-2022 09:06 via businessnews.com.au
  
  US engineering giant Fluor has been contracted to deliver a $1.2 billion rare earths refinery in WA while Perth firm Clough has been selected for a big vanadium project.
  
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• WorkSafe to investigate ag fatalities

  22-06-2022 09:00 via businessnews.com.au
  
  WorkSafe will conduct an inquiry into the agricultural industry after a young man in the Great Southern became the 12th person to die working in the sector in the past 12 months.
  
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• Defence trio armed with experience

  22-06-2022 09:00 via businessnews.com.au
  
  Increasing Australian industry participation in the defence sector will be a key goal for the new government.
  
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• OD6 eyes Esperance for rare earths

  22-06-2022 08:51 via businessnews.com.au
  
  Rare earths newcomer OD6 Metals has had a subdued start to its first trading session on the ASX, with shares changing hands around 4 cents lower than its initial public offer price.
  
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• 'Flawed' market dominated by 'gentailers' led to Enova's collapse, green energy provider says

  22-06-2022 08:42 via abc.net.au
  
  How can skyrocketing prices drive a "green energy" retailer out of a market grappling with a mix of renewable power sources?
  
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• Puzey steps up to chair WA Ballet

  22-06-2022 08:28 via businessnews.com.au
  
  West Australian Ballet has announced Ingrid Puzey is replacing Sherry Duhe as chair, a day after the company revealed its executive director Olivier David was departing.
  
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• New laws to crackdown on Crown

  22-06-2022 08:10 via businessnews.com.au
  
  The state government has introduced new laws to bolster the gambling watchdog’s powers and lift the maximum penalty for non-compliance to $100 million.
  
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• Nurses and midwives in NSW to strike next week after budget 'slap in the face'

  22-06-2022 08:09 via abc.net.au
  
  Nurses and midwives from 80 hospitals across NSW will strike next Tuesday after union demands were unmet in Tuesday's budget, including pay rises in line with inflation and staff-to-patient ratio requirements. 
  
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• Nurses and midwifes in NSW to strike next week after budget 'slap in the face'

  22-06-2022 08:09 via abc.net.au
  
  Nurses and midwives from 80 hospitals across NSW will strike next Tuesday after union demands were unmet in Tuesday's budget, including pay rises in line with inflation and staff-to-patient ratio requirements. 
  
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• Permits, cost hikes prompt St Barbara review

  22-06-2022 07:43 via businessnews.com.au
  
  Shares in St Barbara have nosedived as the gold producer weighs up the future of two of its operations, while announcing the closure of its Melbourne office.
  
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• Cost hikes prompt St Barbara review

  22-06-2022 07:43 via businessnews.com.au
  
  Shares in St Barbara have nosedived as the gold producer weighs up the future of two of its operations, while announcing the closure of its Melbourne office.
  
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• BlueScope plans new life for excess 200ha of steelworks land

  22-06-2022 07:04 via abc.net.au
  
  Steelmaker BlueScope says large tracts of land excess to its requirement at Port Kembla will be up for grabs as it figures out what will be sold or even given away.
  
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• Approval for Metso Outotec workshop

  22-06-2022 06:25 via businessnews.com.au
  
  A $14.9 million mining machinery workshop on a 3.5-hectare vacant lot in the Gap Ridge industrial estate in Karratha has been given the green light.
  
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• CCC hears how "gamekeeper" Paul Whyte became "poacher"

  22-06-2022 06:18 via businessnews.com.au
  
  The boss of jailed bureaucrat Paul Whyte has told the Corruption and Crime Commission he thought the right audit measures were in place to prevent $22 million of taxpayers money being stolen.
  
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• Mixed views over Albanese government's plan to scrap cashless debit card

  22-06-2022 06:16 via abc.net.au
  
  For single mother Kerryn Griffis, who has been on the Cashless Debit Card for more than three years, its removal can't come soon enough. But not everyone wants it gone.
  
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• 'I can get my life back': Kerryn is looking forward to the end of the cashless debit card

  22-06-2022 06:16 via abc.net.au
  
  For single mother Kerryn Griffis, who has been on the Cashless Debit Card for more than three years, its removal can't come soon enough. But not everyone wants it gone.
  
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• 'All this card did was push people down': Why Kerryn is looking forward to the end of the Cashless Debit Card

  22-06-2022 06:16 via abc.net.au
  
  For single mother Kerryn Griffis, who has been on the Cashless Debit Card for more than three years, its removal can't come soon enough. But not everyone wants it gone.
  
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• 'Unprecedented' construction industry challenges stall council projects

  22-06-2022 06:09 via abc.net.au
  
  Builders say staff and materials shortages are making it tough to meet demand. Councils, meanwhile, are being forced to extend tender periods due to a lack of applications.
  
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• Rigid licensing leaves much-needed, qualified livestock truckies sweeping floors

  22-06-2022 05:47 via abc.net.au
  
  Experienced livestock truck drivers emigrating to Australia to fill worker shortages have been frustrated by lengthy delays to access licences.
  
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• US begins banning imports from China's Xinjiang over forced labour and genocide allegations

  22-06-2022 05:00 via abc.net.au
  
  The US is rallying its allies against forced labour as it begins implementing an import ban on goods from China's Xinjiang region.
  
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• Beyond the rhetoric lies real engagement

  22-06-2022 04:33 via businessnews.com.au
  
  Deeper engagement with Asia will require more than just a change in style from the Australian government.
  
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• Coles responds to urgent requests for pay increase as production costs blow out for farmers

  22-06-2022 04:24 via abc.net.au
  
  Supermarket giant Coles is fielding a spike in pricing appeals from suppliers, who are under the pump to provide low-cost goods in the face of rising production costs. But adding fuel to the fire is the supermarket's demand that producers justify the pay rise.
  
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• Coles asks farmers to prove blowout in production costs as it fields pleas for price increases

  22-06-2022 04:24 via abc.net.au
  
  Supermarket giant Coles is fielding a spike in pricing appeals from suppliers, who are under the pump to provide low-cost goods in the face of rising production costs.
  
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• Barrett-Lennard calls time at PICA

  22-06-2022 04:15 via businessnews.com.au
  
  Amy Barrett-Lennard is stepping down as director of the Perth Institute of Contemporary Arts after 16 years in the role.
  
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• Crown granted approval to operate Sydney casino

  22-06-2022 03:20 via abc.net.au
  
  The NSW Independent Liquor and Gaming Authority gives Crown Resorts the green light to open the gaming floors in its Barangaroo skyscraper, 15 months after it deemed the company unfit to operate a casino.
  
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• Energy market suspension to be lifted

  22-06-2022 02:39 via businessnews.com.au
  
  The Australian Energy Market Operator has outlined a staged approach to restoring the national energy market following its intervention last week.
  
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• AEMO to end its intervention in east coast market

  22-06-2022 02:20 via abc.net.au
  
  An unprecedented intervention in Australia's east coast energy market will be gradually removed over the next day, with authorities increasingly confident in the supply of wholesale electricity. 
  
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• Do you have a shopping hack you'd like to share? Tell us

  22-06-2022 02:03 via abc.net.au
  
  As priorities shift, shopping without burning a hole in your wallet becomes a skill, so we want to hear your tips and tricks.
  
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