Analyst news

• Oil prices sink on 'fear of recession', ASX struggles as Australian dollar hits two-year low

  05-07-2022 23:47 via abc.net.au
  
  The Australian share market struggles for direction as European stocks tumble on recession fears, while the Australian dollar sinks to a two-year low and oil prices plunge by more than 9 per cent.
  
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• Oil prices sink on 'fear of recession', ASX set to fall as Australian dollar hits two-year low

  05-07-2022 23:47 via abc.net.au
  
  The Australian share market is set to drop sharply, European stocks have tumbled on recession fears, the Australian dollar has sunk to a two-year low, and oil prices have plunged by more than 9 per cent.
  
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• Oil prices sink on 'fear of recession', ASX recovers as Australian dollar hits two-year low

  05-07-2022 23:47 via abc.net.au
  
  The Australian share market recovers from its early morning losses as European stocks tumble on recession fears, while the Australian dollar sinks to a two-year low and oil prices plunge by more than 9 per cent.
  
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• Oil prices sink on 'fear of recession', ASX falls as Australian dollar hits two-year low

  05-07-2022 23:47 via abc.net.au
  
  The Australian share market falls in morning trade after European stocks tumble on recession fears, while the Australian dollar sinks to a two-year low and oil prices plunge by more than 9 per cent.
  
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• Read all about it: The millennial behind a new outback masthead

  05-07-2022 23:26 via abc.net.au
  
  North-west Queensland has been without a physical newspaper for two years. Now, a hyper-local free weekly newspaper is about to be published in the region. 
  
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• These are Perth's ten most affordable suburbs to rent, but they have not escaped price rises

  05-07-2022 23:23 via abc.net.au
  
  Perth's rental market becomes even tighter with a vacancy rate of less than one per cent, the latest property data shows. Meanwhile, median rents are continuing to rise as more West Australians struggle to make ends meet.
  
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• Perth rental market reaches 'crisis' point as prices climb further

  05-07-2022 23:23 via abc.net.au
  
  Perth's rental market becomes even tighter with a vacancy rate of less than one per cent, the latest property data shows. Meanwhile, median rents are continuing to rise as more West Australians struggle to make ends meet.
  
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• Struggling West Australians filled with 'dread' over latest interest rate hike

  05-07-2022 23:15 via abc.net.au
  
  West Australians already battling with the price of food and bills may fall through the cracks, as the Reserve Bank of Australia attempts to curb rising inflation.
  
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• Doctors fear Medicare changes will cost bush patients dearly

  05-07-2022 22:45 via abc.net.au
  
  Máire Kildare tried twice to see a doctor via a video call from her home but the connection kept dropping out. Now people like her could receive less money back from Medicare to see a doctor. 
  
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• Justin had insurance when his house burnt down, but selling a few dozen eggs a week voided his policy

  05-07-2022 22:17 via abc.net.au
  
  Justin Uebergang paid his home insurance bill on time and in full for years. But when a fire destroyed his family home, his claim was denied because he made $70 a week selling eggs at the gate.
  
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• AAMI denies home insurance claim after couple fails to disclose they sell eggs at their gate

  05-07-2022 22:17 via abc.net.au
  
  Justin Uebergang paid his home insurance bill on time and in full for years. But when a fire destroyed his family home, his claim was denied because he made $70 a week selling eggs at the gate.
  
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• Desperate consumers vent their fury at failing National Energy Market

  05-07-2022 22:16 via abc.net.au
  
  Confidence among consumers in Australia's energy system is collapsing as the crisis engulfing the east coast market takes a toll on users.
  
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• 'It's a bit daunting': Business hit by record high costs as inflation, interest rates rise

  05-07-2022 22:03 via abc.net.au
  
  Small businesses are struggling with record high costs while trying to remain competitive, as consumer confidence falls in response to inflation and rising interest rates.
  
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• Melbourne now most affordable city for home rentals, but costs on the march across the nation

  05-07-2022 16:12 via abc.net.au
  
  Melbourne replaces Adelaide as Australia's most affordable city for renting a typical home, but rates are rising everywhere and vacancies are tightening, latest figures show. 
  
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• Treasurer ‘upfront’ on inflation woes

  05-07-2022 11:00 via businessnews.com.au
  
  Jim Chalmers has defended the government’s frank rhetoric on inflation as the RBA has telegraphed more cash rate rises are on the cards to curb runaway price hikes.
  
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• 'Really disgusting': Jetstar cancellation strands 100, ruins family's first holiday in five years

  05-07-2022 10:45 via abc.net.au
  
  Scores of travellers were left in the lurch earlier this week after Jetstar ushered them off their flight home, put them on a ferry and left them to fend for themselves in a packed-out Queensland tourist town.
  
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• Violent youths face adult prison

  05-07-2022 10:18 via businessnews.com.au
  
  Twenty violent and disruptive juveniles are moved moved into an adult maximum security prison.
  
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• At Close of Business: Mark Pownall talks Nicole Lockwood

  05-07-2022 10:12 via businessnews.com.au
  
  Senior editor Mark Pownall goes over highlights from his recent conversation with Nicole Lockwood.
  
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• ASX gains 0.25 pc as RBA hikes rates

  05-07-2022 09:47 via businessnews.com.au
  
  The ASX has closed modestly higher after the Reserve Bank announced another 50 basis point rate rise, as expected.
  
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• Regis rallies on improved output

  05-07-2022 09:44 via businessnews.com.au
  
  Shares in Subiaco-based gold producer Regis Resources closed the day up 10 per cent after reporting solid gold production for the month and financial year, despite costs ringing in at the higher end.
  
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• Zimbabwe will introduce gold coins as currency as inflation soars

  05-07-2022 09:42 via abc.net.au
  
  The Zimbabwean Reserve Bank announces plans to sell gold coins as a more secure store of value as inflation rockets to nearly 200 per cent. 
  
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• Sydney commuters face more rail delays as government and union both claim win

  05-07-2022 09:38 via abc.net.au
  
  Sydney commuters will face further rail delays with trains operating at 60 per cent capacity for the rest of the week.
  
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• Rinehart buys $60m West Perth office

  05-07-2022 09:30 via businessnews.com.au
  
  Hancock Prospecting has paid what is believed to be a record price for the six-storey building currently occupied by Santos.
  
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• Perth leads on construction cost climb

  05-07-2022 09:27 via businessnews.com.au
  
  Border-related labour shortages, government stimulus, persistent supply chain issues and a lengthy construction pipeline have made Perth the most expensive place to build in the country.
  
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• Prime Minister in fleeting Perth visit

  05-07-2022 09:00 via businessnews.com.au
  
  Prime Minister Anthony Albanese made a whistle-stop visit to Perth today, after spending more than 10 hours on the ground in war-torn Ukraine.
  
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• SRG Global awarded $100m contracts

  05-07-2022 08:48 via businessnews.com.au
  
  SRG Global has secured $100 million worth of contracts with Iron Bridge Operations and Visy Industries Australia.
  
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• Some solar farm owners say much of the energy they generate gets 'wasted'. But the solution isn't easy

  05-07-2022 08:33 via abc.net.au
  
  The Labor government has a plan to increase the share of renewable energy in the grid to 82 per cent by 2030, but many experts and investors say reaching that will not be possible without a major upgrade of the poles and wires that transport that power around the grid.
  
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• Australia's energy transformation is ramping up, but there are major challenges ahead

  05-07-2022 08:33 via abc.net.au
  
  The Labor government has a plan to increase the share of renewable energy in the grid to 82 per cent by 2030, but many experts and investors say reaching that will not be possible without a major upgrade of the poles and wires that transport that power around the grid.
  
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• Maylands aged care facility approved

  05-07-2022 08:19 via businessnews.com.au
  
  A $40 million plan to expand an aged care facility and make use of a vacant prominent street corner in Maylands has been given the green light.
  
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• Suburban squeeze puts pressure on roads

  05-07-2022 08:00 via businessnews.com.au
  
  Future development surrounding the Bunbury Outer Ring Road may put pressure on the yet-to-be-completed project’s capacity to deliver.
  
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• Sri Lanka to keep schools shut for another week as it runs out of cash for fuel

  05-07-2022 07:11 via abc.net.au
  
  Cash-strapped Sri Lanka extends school closures because there isn't enough fuel for teachers and parents to get children to classrooms, while the Energy Minister appeals to expatriates to send money home.
  
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• Sri Lanka PM says inflation will reach 60pc, government to limit money printing as schools to stay closed

  05-07-2022 07:11 via abc.net.au
  
  Cash-strapped Sri Lanka extends school closures because there isn't enough fuel for teachers and parents to get children to classrooms, while the Energy Minister appeals to expatriates to send money home.
  
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• Reserve Bank lifts cash rate to 1.35 per cent

  05-07-2022 06:51 via abc.net.au
  
  The Reserve Bank of Australia has lifted the cash rate by 0.5 percentage points for the second month in a row
  
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• RBA adds to one of the sharpest rate rises since the early 90s

  05-07-2022 06:51 via abc.net.au
  
  The Reserve Bank of Australia has lifted the cash rate by 0.5 percentage points for the second month in a row.
  
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• New name, structure for disability service provider

  05-07-2022 06:29 via businessnews.com.au
  
  Long-running disability services provider Nulsen Group has rebranded as PeopleKind Group and undergone a restructure to help it operate under the National Disability Insurance Scheme.
  
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• Simcoa moves on new mine plan

  05-07-2022 06:04 via businessnews.com.au
  
  Silicon producer Simcoa is progressing plans to transition to a new mine in the Wheatbelt with up to 2.3 million tonnes of lump quartz amid dwindling resources at its current deposit.
  
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• Live: RBA tipped to deliver yet another interest rate rise to tackle rampant inflation

  05-07-2022 05:35 via abc.net.au
  
  The Reserve Bank is tipped to announce a cash rate increase of 50 basis points today as it seeks to curb inflation. Follow the decision live.
  
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• Live: RBA delivers on predicted interest rate rise as it battles inflation

  05-07-2022 05:35 via abc.net.au
  
  The Reserve Bank announces a cash rate increase of 50 basis points as it seeks to curb inflation. Follow the decision live.
  
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• Live: Join our expert to unpack the RBA's rate rise and what it means for you

  05-07-2022 05:35 via abc.net.au
  
  The Reserve Bank announces a cash rate increase of 50 basis points as it seeks to curb inflation. Follow the decision live.
  
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• ABC's expert unpacks the RBA's rate rise and what it means for you — as it happened

  05-07-2022 05:35 via abc.net.au
  
  The Reserve Bank of Australia has announced a cash rate increase of 50 basis points as it seeks to curb inflation — as it happened.
  
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• Vietnamese steelmaker ready to import iron ore from its own Australian mine

  05-07-2022 05:06 via abc.net.au
  
  Hoa Phat Group is keen to buy other mines to meet the needs of its steel mills in Vietnam.
  
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• Tough day as interest rates tipped to rise

  05-07-2022 04:00 via businessnews.com.au
  
  The Reserve Bank of Australia board is expected to lift the official cash rate to 1.35 per cent when it meets on Tuesday.
  
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• The sunny NT could be a renewable energy powerhouse. So why is it facing future blackout risks?

  05-07-2022 03:53 via abc.net.au
  
  The NT power sector watchdog has warned of serious hurdles as an ageing power system transitions to a solar-powered, renewable future. So, are more power outages ahead? 
  
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• Last orders as popular publicans call time on Alice Springs

  05-07-2022 03:48 via abc.net.au
  
  Di and Ray Loechel are looking forward to a change of pace and scenery as the sales of high-profile venues Todd Tavern and Gap View loom.
  
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• Infrastructure plays to Lockwood’s strengths

  05-07-2022 03:36 via businessnews.com.au
  
  National connections and regional understanding are a rare combination.
  
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• Genesis tables Dacian takeover

  05-07-2022 03:17 via businessnews.com.au
  
  Genesis Minerals is set to acquire WA gold miner Dacian Gold in all scrip deal valuing the target at $111 million, paving the way for a new midcap gold player.
  
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• Genesis launches Dacian takeover

  05-07-2022 03:17 via businessnews.com.au
  
  Genesis Minerals is set acquire WA gold miner Dacian Gold in all scrip deal valuing the target at $111 million, paving the way for a new midcap gold player.
  
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• Pilots pressured to fly while tired: union

  05-07-2022 03:09 via businessnews.com.au
  
  Australian pilots are being pressured to fly while tired and work around "unstable" rosters, according to a union survey.
  
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• SA laws to be changed to make it easier for shoppers to use own food containers

  05-07-2022 00:58 via abc.net.au
  
  The South Australian government intends to pass laws today to make it easier for retailers to allow customers to use their own reusable containers to take away food. 
  
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• SA laws changed to make it easier for shoppers to use own food containers

  05-07-2022 00:58 via abc.net.au
  
  Laws pass South Australia's parliament to make it easier for retailers to allow customers to use their own reusable containers to take away food. 
  
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