Analyst news

• China's jobless turn to car boot sales as COVID-hit economy stalls

  24-08-2022 23:49 via abc.net.au
  
  Once considered low status, many unemployed people have gone back to street trading as the economy continues to slide under harsh COVID restrictions.
  
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• It 'doesn't work': Anger as federal government approves two offshore greenhouse gas storage areas

  24-08-2022 23:45 via abc.net.au
  
  The federal government issues permits for two new offshore greenhouse gas storage areas, off the coast of Western Australia and the Northern Territory.
  
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• ASX to rise, Wall Street snaps three-day losing streak

  24-08-2022 23:32 via abc.net.au
  
  Australian shares are set to lift after US markets recovered from a three-day losing streak — sparked by signs of economic slowdown in China, Europe's energy crisis and concerns the US Federal Reserve may continue to hike interest rates aggressively.
  
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• ASX climbs on Qantas, Wall St, but big supermarkets weigh

  24-08-2022 23:32 via abc.net.au
  
  Australian shares have risen even more strongly than US stocks, as positive profit results outweigh negative ones, notably for the big supermarkets.
  
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• ASX climbs on Qantas' improved results, but supermarket giants weigh on market

  24-08-2022 23:32 via abc.net.au
  
  The Australian share market has risen for its second straight day, as some of the nation's biggest companies reported better-than-expected profit results.
  
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• Large firms dominate Australia's economy and it's costing you money, says Labor MP

  24-08-2022 23:28 via abc.net.au
  
  Australia's economy is becoming more concentrated, and dominant firms are increasing prices.
  
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• Large firms are increasingly dominating Australia's economy, says Labor MP Andrew Leigh

  24-08-2022 23:28 via abc.net.au
  
  Australia's economy is becoming more concentrated, and dominant firms are increasing prices.
  
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• Australian firms have increased their mark-ups by 6 per cent. This minister says declining competition is to blame

  24-08-2022 23:28 via abc.net.au
  
  Australia's economy is becoming more concentrated, and dominant firms are increasing prices.
  
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• 'Can't be serious about climate action' : Labor's green light for oil and gas exploration angers crossbench

  24-08-2022 22:57 via abc.net.au
  
  ACT Senator David Pocock says the federal government's decision to approve 10 new offshore sites for petroleum exploration "doesn't make sense" or align with its climate goals. 
  
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• We spoke to the Aussie actor in Andor, the new Star Wars spinoff, about the woman at the heart of the rebellion

  24-08-2022 22:52 via abc.net.au
  
  Genevieve O'Reilly wants her children to see women playing powerful characters on-screen. When she was asked to return to the Star Wars universe in the new Disney+ series Andor, it was a no-brainer.
  
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• The power gets cut off almost every week where Benedict lives. He thinks prepaid solar could be the answer

  24-08-2022 22:11 via abc.net.au
  
  In the Aboriginal town camp of Hidden Valley, power is in short supply. But plans are underway to secure electricity for residents through solar panels.
  
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• In Aboriginal communities like Benedict's, electricity is prepaid. But his power still gets cut off almost every week

  24-08-2022 22:11 via abc.net.au
  
  In the Aboriginal town camp of Hidden Valley, power is in short supply. But plans are underway to secure electricity for residents through solar panels.
  
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• QF12 from LA gave Qantas a lesson on why it must take staff demands seriously

  24-08-2022 21:00 via abc.net.au
  
  An engineer working in the Qantas maintenance hub in California made an error that released hundreds of oxygen masks but failed to accurately document the problem. As engineers strike over pay, and a jet base insider reveals widespread stress among staff and raises questions over workplace functioning on the day Qantas releases its profit results, what can we learn about an airline under pressure?
  
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• Natalie's choice: Wait up to two years for surgery to ease debilitating pain or use super to pay for private treatment

  24-08-2022 20:44 via abc.net.au
  
  Australians raided almost $1.6 billion from their own superannuation accounts to pay for treatments including dental, IVF and elective surgery in the past three years, almost 20 times more than a decade ago.
  
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• Natalie's choice: wait up to two years for surgery to ease debilitating pain or use her super to pay for private treatment

  24-08-2022 20:44 via abc.net.au
  
  Australians raided almost $1.6 billion from their own superannuation accounts to pay for treatments including dental, IVF and elective surgery in the past three years, almost 20 times more than a decade ago.
  
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• Natalie's choice: wait two years for surgery to ease debilitating pain or use her super to pay for private treatment

  24-08-2022 20:44 via abc.net.au
  
  Australians raided almost $1.6 billion from their own superannuation accounts to pay for treatments including dental, IVF and elective surgery in the past three years, almost 20 times more than a decade ago.
  
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• Australians have withdrawn $1.6 billion from their retirement funds to pay for medical treatment

  24-08-2022 20:44 via abc.net.au
  
  Australians raided almost $1.6 billion from their own superannuation accounts to pay for treatments including dental, IVF and elective surgery in the past three years, almost 20 times more than a decade ago.
  
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• This ‘farmer’ has a herd of 20,000 scorpions. Their venom is worth millions

  24-08-2022 20:30 via abc.net.au
  
  With scorpion venom reportedly fetching huge dollars, some "farmers" are rushing to cash in. But what’s it being used for, and does the science stack up?
  
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• At millions of bucks a litre, not many liquids come close to the cost of scorpion venom — and 'farmers' are cashing in

  24-08-2022 20:30 via abc.net.au
  
  With scorpion venom reportedly fetching huge dollars, some "farmers" are rushing to cash in. But what’s it being used for, and does the science stack up?
  
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• The Greens want to freeze rents for two years, but economists say rent control has some big costs in the long run

  24-08-2022 20:04 via abc.net.au
  
  The federal Greens are calling for a nationwide two-year freeze on rent increases as part of a plan to ease pressure on tenants. But economists are warning the freeze may not be the right solution to Australia's housing crisis.
  
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• Union demands at job summit will centre on collective bargaining: McManus

  24-08-2022 12:57 via abc.net.au
  
  Workers and their union representatives would be allowed to negotiate deals on pay and conditions with multiple employers at once and sometimes across entire sectors, under proposals the trade union movement will take to the Albanese government's upcoming jobs summit.
  
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• Delays to infrastructure projects and first home builds continue as labour and supply shortages mount

  24-08-2022 11:12 via abc.net.au
  
  South Australia's building industry faces continuing challenges with major supply shortages, high labour costs and a diminishing trade apprentice pool.
  
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• Oracle Homes collapses, leaving hundreds of homes incomplete and scores out of work

  24-08-2022 10:44 via abc.net.au
  
  A building watchdog says it is a "very sorry day" for those affected by the company's announcement, including about 300 home owners and 70 employees.
  
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• Liberal MPs face KPI threat

  24-08-2022 10:35 via businessnews.com.au
  
  EXCLUSIVE: A proposal to have Liberal members of state parliament meet a list of key performance indicators or be forced to resign will face robust debate at a state executive meeting this week.
  
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• Sydney's train strike to proceed despite breakthrough in union battle

  24-08-2022 10:33 via abc.net.au
  
  There's been a major breakthrough in NSW's ongoing train stoush — but it's come too late to stop more disruptions on Sydney's network tomorrow.
  
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• Two WA business reps at jobs summit

  24-08-2022 10:31 via businessnews.com.au
  
  Wesfarmers boss Rob Scott and FMG founder Andrew Forrest are likely to be the only Perth-based business representatives at next week’s jobs summit in Canberra, with Meg O'Neill a conspicuous absentee.
  
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• ASX closes up 0.5pc on mining, energy

  24-08-2022 10:23 via businessnews.com.au
  
  The ASX200 has snapped its two-day losing streak with strong gains for mining, energy and technology companies.
  
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• Seven Group in earnings, profit lift

  24-08-2022 10:21 via businessnews.com.au
  
  Seven Group Holdings has amassed a $577 million underlying net profit for the financial year following strong performances from WesTrac and Coates.
  
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• Murdoch case against Crikey likely to be major test of new defamation laws, legal expert says

  24-08-2022 10:15 via abc.net.au
  
  A showdown between Fox CEO Lachlan Murdoch and Crikey over an analysis article published in June into January's insurrection on the Capitol is likely to be the first major test for Australia's new defamation laws.
  
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• AUKUS not just subs, says US envoy

  24-08-2022 10:12 via businessnews.com.au
  
  Washington's new diplomatic representative in Perth has hailed the possibility of international collaboration on defence technologies as part of the AUKUS security pact.
  
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• Victorian health service pleads guilty over psychiatric patient's death in care

  24-08-2022 09:54 via abc.net.au
  
  The Bendigo Magistrates Court heard Bendigo Health failed to ensure the woman's safety due to "a hole in the system".
  
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• Shell, Union end stalemate with wage hike

  24-08-2022 09:48 via businessnews.com.au
  
  Operations on Shell’s Prelude FLNG facility are expected to resume after weeks of industrial action, with the energy giant caving to union demands for pay rises and better job security.
  
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• At Close of Business 24 August 2022

  24-08-2022 09:32 via businessnews.com.au
  
  Madeleine Stephens unpacks her arts and culture feature, discussing how leadership changes, uncertainty and resilience have defined the sector in the past year.
  
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• Housing crisis impacting Tasmanian regional jobs

  24-08-2022 09:29 via abc.net.au
  
  An affordable housing shortage hurts employers in regional Tasmania.
  
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• Argonaut posts record profit

  24-08-2022 09:29 via businessnews.com.au
  
  Perth investment bank and stockbroker Argonaut has disclosed a big lift in annual profit to $16.7 million following its merger with advisory firm PCF Capital Group.
  
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• Celebrations as late-night breakthrough ends gas rig dispute

  24-08-2022 09:26 via abc.net.au
  
  Shell has reached an in-principle agreement with unions after a months-long industrial dispute which shut down its floating gas facility off the Kimberley coast. 
  
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• Asset Energy reviews amid Scomo inquiry

  24-08-2022 09:13 via businessnews.com.au
  
  Asset Energy is reviewing its legal options against former Prime Minister Scott Morrison following the revelation of his secret ministerial roles.
  
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• Time to rethink those graduation speeches

  24-08-2022 09:12 via businessnews.com.au
  
  For most of us, passion comes a distant second to practicality when it comes to the weekly grind.
  
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• Costs grow in Cardaci row

  24-08-2022 09:11 via businessnews.com.au
  
  The widow of former CFC Group chief Marc Cardaci has won another legal battle with her former brother-in-law, after his push to have her cover a $244,000 legal bill was thrown out.
  
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• Green steel production one step closer in SA, company says

  24-08-2022 09:10 via abc.net.au
  
  GFG Alliance, which owns the Whyalla steelworks, says it has made progress towards its goal carbon-neutral steel production.
  
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• Iluka boosted by mineral sands scarcity

  24-08-2022 08:54 via businessnews.com.au
  
  Iluka Resources has recorded a 185 per cent leap in net profits as global supply options for mineral sands dwindle, but says that future sales could be bound by production capacity.
  
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• 'So disrespectful': Council pushes ahead with memorial pool demolition despite pending heritage application

  24-08-2022 08:47 via abc.net.au
  
  Bundaberg Regional Council says rising costs are responsible for a cost blowout on the town's new aquatic centre, and vows to press ahead with demolition as soon as possible, leaving some residents shocked and angry.
  
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• Federal government opens 10 new ocean sites for oil and gas exploration

  24-08-2022 08:21 via abc.net.au
  
  The oil and gas industry will have access to another 46,758 square kilometres of Commonwealth waters, with two new offshore greenhouse gas storage areas also approved.
  
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• Brookfield bags BHP lease deal, flags revamp

  24-08-2022 08:03 via businessnews.com.au
  
  Property giant Brookfield has vowed to undertake major upgrades at Brookfield Place after anchor tenant BHP agreed to remain at the skyscraper for another 15 years.
  
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• Solomon Islands government calls meeting with Australian High Commissioner a 'neighbourly discussion'

  24-08-2022 07:44 via abc.net.au
  
  The Solomon Islands government denies Australia's High Commissioner was "summoned" over a report by the ABC's Four Corners about the extent of Chinese influence and control in the Pacific nation, instead calling the meeting a "neighbourly discussion".
  
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• 'Never summoned': Solomon Islands government calls meeting with Australian High Commissioner a 'neighbourly discussion'

  24-08-2022 07:44 via abc.net.au
  
  The Solomon Islands government denies Australia's High Commissioner was "summoned" over a report by the ABC's Four Corners about the extent of Chinese influence and control in the Pacific nation, instead calling the meeting a "neighbourly discussion".
  
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• Higher cost of living starting to bite for some supermarket customers

  24-08-2022 07:38 via abc.net.au
  
  Up to 20 per cent of Coles shoppers are finding it tough and spending less says the retail giant, while it struggles with price rise demands from many of its grocery suppliers.
  
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• Perth drug tester doubles capacity

  24-08-2022 07:12 via businessnews.com.au
  
  The number of international drug companies conducting clinical trials in Perth is set to expand after a $6 million facility was opened by local success story Linear Clinical Research.
  
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• Caravan parks told to brace for influx of EVs, but who's going to foot the bill?

  24-08-2022 06:41 via abc.net.au
  
  Caravan park operators are told to think about electricity costs as the automotive industry transitions towards an electric future.
  
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• Caravan parks told to brace for influx of EVs, but who'll pay the charging costs?

  24-08-2022 06:41 via abc.net.au
  
  Caravan park operators are told to think about electricity costs and who will pay the bill as the automotive industry transitions towards an electric future.
  
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