Analyst news

• ASX to rise, Wall Street snaps two-day losing streak as tech stocks rebound

  03-08-2022 23:31 via abc.net.au
  
  Australian shares are expected to start the day higher as the Nasdaq jumped to a three-month high, after PayPal reported strong earnings and the latest data showed the US services industry unexpectedly rebounded last month.
  
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• ASX rises, Wall Street snaps two-day losing streak as tech stocks rebound

  03-08-2022 23:31 via abc.net.au
  
  Australian shares have started the day higher as the Nasdaq jumped to a three-month high, after PayPal reported strong earnings and the latest data showed the US services industry unexpectedly rebounded last month.
  
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• ASX loses momentum, Australia posts 'another' record trade surplus as Nasdaq rebounds

  03-08-2022 23:31 via abc.net.au
  
  Despite a solid start, the Australian share market wiped out all its earlier gains by the end of the day, despite a rebound on Wall Street which lifted the Nasdaq index to a three-month high.
  
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• Quiet quitting is a new workplace phenomenon. Here's how it could help you

  03-08-2022 22:30 via abc.net.au
  
  A new concept that promises to help workers avoid burnout and ditch stressful jobs while remaining gainfully employed is gathering plenty of attention online.
  
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• Move over Finland, Australia is getting its own thermal energy 'battery'

  03-08-2022 22:00 via abc.net.au
  
  A Wodonga pet food factory is preparing to take delivery of a technology that experts say will help businesses get off gas, reduce emissions, and save money. Here's how it works.
  
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• What is a void and how did it bring Brisbane's CBD to a standstill?

  03-08-2022 21:29 via abc.net.au
  
  The Brisbane CBD was shut down yesterday "out of an abundance of caution", but experts agree it's not every day a hole appears unexpectedly beneath a busy city street. Here's what we know about the "void" and the chance of another one appearing in future.
  
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• 'They're all shattered': Mercedes dealers in 'fight of their lives' against luxury German carmaker

  03-08-2022 20:50 via abc.net.au
  
  In a case described as one of the most significant in franchising-law history, Mercedes-Benz dealers are seeking compensation from the car maker, saying it has engaged in unconscionable conduct and breached the franchising code.
  
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• Mercedes-Benz dealers seek $650m compensation from car maker in 'fight of their lives'

  03-08-2022 20:50 via abc.net.au
  
  In a case described as one of the most significant in franchising-law history, Mercedes-Benz dealers are seeking compensation from the car maker, saying it has engaged in unconscionable conduct and breached the franchising code.
  
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• Smooth-talking CEO reassured Aussie investors as crypto company was crashing. Now it's bankrupt

  03-08-2022 20:30 via abc.net.au
  
  Australians describe their utter despair in letters to a New York bankruptcy court after cryptocurrency lender Celsius Network froze their withdrawals. 
  
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• Smooth-talking CEO reassured Aussie investors as crypto company was crashing — now it's bankrupt

  03-08-2022 20:30 via abc.net.au
  
  Australians have described their utter despair in letters to a New York bankruptcy court after cryptocurrency lender Celsius Network froze their withdrawals.
  Another cryptocurrency lender has filed for bankruptcy, leaving global investors desperate and in limbo.
  
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• Life savings gone, Australian crypto investors beg bankruptcy judge for help

  03-08-2022 20:30 via abc.net.au
  
  Australians describe their utter despair in letters to a New York bankruptcy court after cryptocurrency lender Celsius Network froze their withdrawals. 
  
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• 'How can I explain this to my son?' Another crypto crash leaves Australian investors heartbroken

  03-08-2022 20:30 via abc.net.au
  
  Australians describe their utter despair in letters to a New York bankruptcy court after cryptocurrency lender Celsius Network froze their withdrawals. 
  
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• Perth office vacancy highest in nation

  03-08-2022 19:00 via businessnews.com.au
  
  The CBD has seen a 0.8 per cent increase in office vacancy rates in the past six months, Property Council figures show.
  
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• Top diggers and dealers recognised

  03-08-2022 15:30 via businessnews.com.au
  
  Lynas Rare Earths, Liontown Resources, Capricorn Resources and Tim Goyder have taken home awards from this year’s Diggers & Dealers Mining Forum.
  
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• Pfizer lifts offer on ResApp deal

  03-08-2022 10:17 via businessnews.com.au
  
  The agreement between Pfizer and takeover target ResApp has had another revision with an increased cash offer of 20.8 cents per share.
  
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• Mildura's $4 million taxpayer-funded landing system to be used 'two or three times' per year

  03-08-2022 10:07 via abc.net.au
  
  Mildura Airport bosses have revealed a new multi-million-dollar navigation system will only be used a few times per year outside of training purposes for local flight schools.
  
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• ASX dips, snapping six-day winning streak

  03-08-2022 09:38 via businessnews.com.au
  
  The Australian share market has finished slightly lower, ending its six-day winning streak.
  
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• No change in status quo on China: Albanese

  03-08-2022 09:33 via businessnews.com.au
  
  Australia will continue to work with its allies to promote stability in the region, following rising tensions between Beijing and Washington, Prime Minister Anthony Albanese says.
  
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• Jacob loses appeal bid

  03-08-2022 09:17 via businessnews.com.au
  
  Mayor Albert Jacob has lost his bid to have six complaints made against him thrown out, with the administrative tribunal affirming his conduct was “antagonistic”.
  
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• Rising costs, labour shortages and supply chain issues savaging regional businesses, report says

  03-08-2022 09:16 via abc.net.au
  
  The Chamber of Commerce and Industry in Western Australia has released a new report, which shows a decline in confidence and profit margins for regional businesses.
  
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• Hospital cover stalemate leaves patients demanding answers

  03-08-2022 08:55 via abc.net.au
  
  A breast cancer patient says trying to change health insurers is an unwanted stress as Bupa customers deal with the fallout of the company's dispute with one of Australia's largest private hospital operators.
  
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• Australian corporations raking in record profits while workers struggle with wages, report shows

  03-08-2022 08:54 via abc.net.au
  
  There are fresh calls for Australia's biggest corporations to rein in record profits in order to provide low wage earners with some cost-of-living relief.
  
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• Australian corporations are raking in record profits while workers struggle with low wages, new report shows

  03-08-2022 08:54 via abc.net.au
  
  There are fresh calls for Australia's biggest corporations to rein in record profits in order to provide low wage earners with some cost-of-living relief.
  
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• Appian, Altamin in $94m funding deal

  03-08-2022 08:51 via businessnews.com.au
  
  Global private equity fund Appian has agreed to invest up to $94 million in the Gorno project by South Perth-based mining company Altamin.
  
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• At Close of Business 3 August 2022

  03-08-2022 08:49 via businessnews.com.au
  
  Senior editor Mark Pownall discusses some of the highlights of his wealth advisors feature, including recent market troubles, national trends, and the appeal of working from Cottesloe.
  
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• Taxpayers fork out millions to remove former floating restaurant Drift from Brisbane River

  03-08-2022 08:16 via abc.net.au
  
  The price tag for removing a former floating restaurant from Brisbane's Bicentennial Bikeway after it was damaged in the 2022 floods is revealed to be nearly $4 million.
  
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• Chalice chases new province

  03-08-2022 08:09 via businessnews.com.au
  
  Chalice Mining’s Julimar discovery is tipped to herald a new metals province in WA, but its location within a state forest could put the social licence of ‘green metals’ to the test.
  
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• McIntosh & Son acquires Purcher

  03-08-2022 07:49 via businessnews.com.au
  
  McIntosh & Son has acquired Midwest agricultural dealership Purcher International a week, the company's second deal in the past fortnight.
  
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• Corruption commission investigation launched into Queensland's building watchdog as complaints almost double

  03-08-2022 07:48 via abc.net.au
  
  The state's corruption watchdog has revealed complaints about the Queensland Building and Construction Commission or its board rises, with one investigation launched.
  
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• Passengers may be booking seats on electric aircraft within two years, industry insiders say

  03-08-2022 07:05 via abc.net.au
  
  Despite challenges to overcome like passenger perceptions around safety and the weight of batteries, aviation insiders believe Australians may be flying short distances on electric planes by 2024.
  
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• Batgirl film scrapped in post-production stage

  03-08-2022 06:52 via abc.net.au
  
  Warner Brothers' upcoming Batgirl film will never be seen by fans, with the studio shelving the project citing a "strategic shift".
  
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• Greens to vote for climate change bill

  03-08-2022 06:06 via businessnews.com.au
  
  The Albanese government has agreed to a number of changes to its climate laws, securing Greens support to get them through parliament.
  
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• Defence investments under scrutiny

  03-08-2022 06:00 via businessnews.com.au
  
  Stephen Smith will help examine Australia's defence force structure and investment priorities as part of a wide-ranging review commissioned by the new government.
  
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• Orica snaps up Axis for $260m

  03-08-2022 05:43 via businessnews.com.au
  
  Orica has acquired Canning Vale-based tech company Axis in a deal worth $260 million, the latest in a spate of strategic investments for the mining services business.
  
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• Last-ditch government offer fails to stop nurse strike in Launceston

  03-08-2022 05:35 via abc.net.au
  
  A last-minute proposal from the state government to improve working conditions for Tasmania's nurses fails to stop a strike from going ahead at the Launceston General Hospital.
  
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• Lynas announces $500m mine expansion

  03-08-2022 05:13 via businessnews.com.au
  
  Lynas Rare Earths plans to substantially expand production capacity at its Mt Weld mine, adding to a big investment it is already making in downstream processing in the Goldfields.
  
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• Labour hire company rejects claims Pacific workers were enticed to breach visas

  03-08-2022 04:45 via abc.net.au
  
  The director of a company that employed Pacific islanders who "absconded" from their work program says he feels "sick" over claims they were induced to break the rules.
  
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• Diggers hit by bad weather

  03-08-2022 04:23 via businessnews.com.au
  
  In a Diggers & Dealers first, exhibitors have been told to pack up early on the final day of the conference after a severe weather warning was issued for the Goldfields this morning.
  
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• Extraction halted, evacuation carried out after underground incident at one of Australia's largest gold mines

  03-08-2022 03:30 via abc.net.au
  
  Newcrest's Cadia near Orange in NSW’s central west has not mined any ore for almost two weeks after it halted underground work and evacuated the mine on July 22. 
  
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• Qantas, Virgin apologise as Australian flight delays hit all-time high

  03-08-2022 03:22 via abc.net.au
  
  Nearly 70 per cent of flights between a major tourist destination and a capital city failed to take off on time last month as the nation recorded its worst-ever delay figures.
  
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• Emojis getting in the last word

  03-08-2022 02:25 via businessnews.com.au
  
  Use of emojis is showing up increasingly in business and professional communications.
  
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• Parliament to debate climate change bill

  03-08-2022 02:06 via businessnews.com.au
  
  Labor needs the support of all 12 Greens senators plus one crossbencher in order for the bill to pass the upper house.
  
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• Parliament compelled by 20,000 petitioners to debate future of native forest logging

  03-08-2022 01:53 via abc.net.au
  
  New South Wales state parliament is compelled to debate whether to end native forest logging after more than 20,000 residents signed an online petition. 
  
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• Jennifer was homeless for eight years. She says not enough is being done to address the housing crisis

  03-08-2022 00:46 via abc.net.au
  
  Jennifer Harris has spent almost one fifth of her life without a home and now fears the same for her son. SA's government is now calling for more private property owners to consider opening their homes for social housing. 
  
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• 'Woah that makes it real': Controversial union-busting commission warned staff not to campaign against Labor's election

  03-08-2022 00:38 via abc.net.au
  
  Secret documents from inside the Australian Building and Construction Commission (ABCC) reveal staff were warned against directing industry bodies and supporters to help the Morrison government win the 2022 federal election.
  
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• 'Woah that makes it real': Controversial union-busting commission warned staff not to campaign against Labor

  03-08-2022 00:38 via abc.net.au
  
  Secret documents from inside the Australian Building and Construction Commission (ABCC) reveal staff were warned against directing industry bodies and supporters to help the Morrison government win the 2022 federal election.
  
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• The LGBTQIA+ community missed a mention in the latest census. So they are conducting their own survey

  03-08-2022 00:12 via abc.net.au
  
  A lack of information on LGBTQIA+ people means funding and resources cannot be allocated to the neediest. Now a bid to collect data aims to take the "guesswork" out of policy decisions.
  
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