Analyst news

• US stocks sold off as World Bank warns of global recession

  15-09-2022 23:44 via abc.net.au
  
  Wall Street stumbles again on worries about steep interest rate rises next week by the Federal Reserve, and the World Bank says rate rises by central banks could plunge the global economy into recession. 
  
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• RBA governor warns of global economic uncertainty, ASX falls

  15-09-2022 23:44 via abc.net.au
  
  The Reserve Bank governor says the pace of interest rate rises may be reduced if the Australian economy pulls back, the ASX and Wall Street stumble again on worries about steep interest rate rises next week by the Federal Reserve. 
  
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• ASX resumes sell-off, World Bank warns of global recession

  15-09-2022 23:44 via abc.net.au
  
  The ASX and Wall Street stumble again on worries about steep interest rate rises next week by the Federal Reserve. The World Bank warns of a global recession because of rising interest rates. 
  
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• ASX resumes sell-off, RBA governor and World Bank warns of global economic hit from higher rates

  15-09-2022 23:44 via abc.net.au
  
  The ASX and Wall Street stumble again on worries about steep interest rate rises next week by the Federal Reserve, and after the Reserve Bank governor says more rate rises are needed to curb inflation.  The World Bank warns of a global recession because of higher rates. 
  
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• 130 jobs to go at James Cook University as student numbers plunge

  15-09-2022 22:46 via abc.net.au
  
  The North Queensland university says cutting 130 jobs will allow it to claw back $11 million a year, but unions fear the decision will cause students to suffer. 
  
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• Gold Coast has 'never been more popular', but operators are desperate for staff

  15-09-2022 22:04 via abc.net.au
  
  With the September school holidays on the horizon, tourism operators are buoyant with bookings but struggling to find staff. 
  
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• Plans to pipe 3,300ML a year from the NT's Roper River rejected

  15-09-2022 21:59 via abc.net.au
  
  An ilmenite mine in the Northern Territory that wants to double its production has been dealt a blow by the water controller.
  
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• The Spilsburys spend $3,000 a week freighting goods to their outback store and it's starting to hurt

  15-09-2022 21:50 via abc.net.au
  
  Rural residents like Val and Bob Spilsbury pay more for fuel than those in the city. With the cost of diesel set to increase, outback farmers, business owners and tourist operators are worried about the lack of solutions.
  
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• Rat forces supply ship into quarantine as food runs low on Lord Howe Island

  15-09-2022 11:47 via abc.net.au
  
  Peak tourist season is underway on the island 600km off the coast of NSW, but essential supplies are depleting after the rodent sighting stopped the ship from delivering its usual goods.
  
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• NSW government rejects 20,000-strong petition to end native logging as committee calls for more timber plantations

  15-09-2022 11:06 via abc.net.au
  
  An online petition amassing more than 20,000 signatures in support of ending native logging fails to move the NSW government, which says it must balance the interests of 7 million citizens in its management of "public assets". 
  
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• Tasmania to introduce gambling limits, as hospitality group blasts 'lies, lies, lies' of Liberals

  15-09-2022 10:37 via abc.net.au
  
  A new move to limit the amount of money punters can pour into poker machines in Tasmania wins praise, with the government saying it is the "right thing to do" — but the local pubs and clubs association is fuming.
  
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• 'Lies, lies, lies': Hotels group fuming after their election pick introduces gambling limits

  15-09-2022 10:37 via abc.net.au
  
  A new move to limit the amount of money punters can pour into poker machines in Tasmania wins praise, with the government saying it is the "right thing to do" — but the local pubs and clubs association is fuming.
  
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• 'Lies, lies, lies': Hotels group fuming after state Liberal government announces 'nation-leading' pokies limits

  15-09-2022 10:37 via abc.net.au
  
  A new move to limit the amount of money punters can pour into poker machines in Tasmania wins praise, with the government saying it is the "right thing to do" — but the local pubs and clubs association is fuming.
  
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• 'Lies, lies and more lies': Hospitality group reeling after Liberal government announces 'nation-leading' pokies limits

  15-09-2022 10:37 via abc.net.au
  
  A new move to limit the amount of money punters can pour into poker machines in Tasmania wins praise, with the government saying it is the "right thing to do" — but the local pubs and clubs association is fuming.
  
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• Woodside pushing on with Browse

  15-09-2022 09:50 via businessnews.com.au
  
  Woodside Energy has published key environmental documents as it seeks to start work on the $US 20 billion Browse LNG project by mid-decade.
  
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• Isopogen fails to quash patent spat

  15-09-2022 09:37 via businessnews.com.au
  
  The company behind Marian Sturm’s life-changing cellular treatment has failed in its bid to have the state health department’s lawsuit against it thrown out, as the ownership battle continues.
  
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• Panel approves Peet’s $26m project

  15-09-2022 09:34 via businessnews.com.au
  
  Perth developer Peet has received unanimous approval from an assessment panel to build a townhouse complex on Harborne Street, Glendalough.
  
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• Aust shares edge higher after sell-off

  15-09-2022 09:33 via businessnews.com.au
  
  The local share market has closed modestly higher though it still has a long way to go before recouping its losses on Wednesday, the worst day in three months.
  
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• SCEE wins $30m electrical contracts

  15-09-2022 09:31 via businessnews.com.au
  
  Southern Cross Electrical Engineering’s electrical business has won a trio of solar power and infrastructure awards valued at $30 million.
  
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• Planning frustrations aired

  15-09-2022 09:30 via businessnews.com.au
  
  Satterley Property Group’s planning director thinks the WAPC should exert greater authority over local councils.
  
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• At Close of Business 15 September 2022

  15-09-2022 09:30 via businessnews.com.au
  
  Political editor Gary Adshead talks about the array of views he encountered in the course of writing about Fremantle Bridge.
  
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• Patagonia founder gives away $4.4 billion company to help fight climate change

  15-09-2022 09:28 via abc.net.au
  
  Billionaire Yvon Chouinard is giving away 98 per cent of his company to a not-for-profit organisation that will use "the wealth Patagonia creates to protect the source of all wealth".
  
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• A bridge too far for Fremantle

  15-09-2022 09:19 via businessnews.com.au
  
  Those fighting to repurpose the Fremantle Traffic Bridge say it can serve a practical, modern purpose as well as a historical one.
  
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• Lithium Energy raises $15m for Solaroz

  15-09-2022 09:04 via businessnews.com.au
  
  Lithium Energy has tapped new and existing investors for $15 million to fund a drilling campaign at its Solaroz lithium project in Argentina.
  
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• Victoria's backpacker industry bouncing back with hopes working travellers can fill staff shortages

  15-09-2022 08:09 via abc.net.au
  
  The return of working holidaymakers is an untapped resource to fill Victoria's workforce shortage, tourism advocates say, with numbers expected to hit pre-pandemic levels next year.
  
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• Fury as remote flight cancellation leaves key workers in the lurch

  15-09-2022 07:22 via abc.net.au
  
  A health director who missed an important conference says Airnorth did not even contact her about the situation.
  
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• Plan to recycle 88 million household batteries a year and keep them out of landfill

  15-09-2022 07:19 via abc.net.au
  
  Up to 2,000 tonnes of single-use household batteries will be recycled each year at Port Pirie's South Australian smelter site, with copper and zinc extracted from them and exported overseas.
  
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• It's been nearly a year since Bonza unveiled its plans, so why does the company remain grounded?

  15-09-2022 07:15 via abc.net.au
  
  Routes are out, the first cabin crew has been trained, the first plane named, an app-based booking system set up and the uniforms unveiled. All Bonza needs now is the green light. 
  
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• Minister threatens court action against Sydney rail staff who switch off Opal card readers

  15-09-2022 07:08 via abc.net.au
  
  NSW Transport Minister David Elliott says he will take rail workers to court if they are seen switching off Opal card readers next week as part of ongoing industrial action.
  
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• Brierty directors fail in legal move

  15-09-2022 07:04 via businessnews.com.au
  The liquidators of Brierty have been given the all-clear to pursue $8.7 million in alleged preferential payments made before the contractor’s 2017 collapse.
  
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• Taylors more than just good value

  15-09-2022 07:00 via businessnews.com.au
  
  Taylors Wines has built a reputation for quality at a reasonable price, but its offering extends well beyond that perception.
  
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• How Queensland's notorious level crossings are changing to save lives

  15-09-2022 06:38 via abc.net.au
  
  Keeping trains and cars apart will be a key focus of a level crossing strategy as the government builds a range of bridges to minimise crashes and disruptions.
  
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• Ukraine calls for 30 more Bushmasters, offers to pressure-test new Hawkeis

  15-09-2022 06:01 via abc.net.au
  
  Ukraine's ambassador to Australia says troops are getting creative in the way they're using Bendigo-made Bushmasters in the war with Russia.
  
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• MinRes tops up Global Lithium stake

  15-09-2022 05:47 via businessnews.com.au
  
  Shares in Warrick Hazeldine-chaired Global Lithium Resources have risen to a new high after major shareholder Mineral Resources lifted its interest in the business.
  
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• Woman with toy gun grabs trapped savings from Beirut bank amid string of similar incidents

  15-09-2022 05:17 via abc.net.au
  
  A woman with a toy pistol breaks into a Beirut bank branch, taking more than $17,700 from her trapped savings.
  
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• Barnett calls time on Freo power station

  15-09-2022 05:06 via businessnews.com.au
  
  Former premier Colin Barnett believes it's time to bite the bullet and demolish the South Fremantle Power Station in the wake of another failed bid to redevelop the 1951 building.
  
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• Mineralogy backs out of CITIC battle

  15-09-2022 05:04 via businessnews.com.au
  
  Clive Palmer’s Mineralogy has backed down in one of its many active legal pursuits against the subsidiaries of Chinese-owned CITIC Pacific, a shock move the company is yet to explain.
  
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• Withdrawing super early leaves people unemployed longer, lower paid

  15-09-2022 04:44 via abc.net.au
  
  Millions of Australians who withdrew their superannuation early during the former government's pandemic scheme were on average unemployed for longer and eventually paid less, a landmark study has found.
  
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• Unemployed longer and lower paid: Early super withdrawal leaves Australians worse off

  15-09-2022 04:44 via abc.net.au
  
  Millions of Australians who withdrew their superannuation early during the former government's pandemic scheme were on average unemployed for longer and eventually paid less, a landmark study has found.
  
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• WA job market still strong

  15-09-2022 04:25 via businessnews.com.au
  
  Western Australia’s jobless rate has fallen to 3.1 per cent in August, the second lowest among states and territories.
  
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• Milk prices are set to rise and it's not just down to inflation

  15-09-2022 04:20 via abc.net.au
  
  You could soon be paying more for a bottle of milk after a massive shortfall in production across Australia. Meanwhile, local dairy farmers are leaving the industry in droves.
  
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• Green light for $27m Freo hospital plan

  15-09-2022 04:06 via businessnews.com.au
  
  A health block at Fremantle hospital will be converted into a three-storey mental health ward after a development assessment panel approved the proposal today.
  
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• Unemployment rises for the first time in 10 months despite continuing jobs boom

  15-09-2022 03:42 via abc.net.au
  
  Australia's unemployment rate rises for the first time in 10 months, despite more than 30,000 jobs being added to the economy in August.
  
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• Amol just switched jobs to get a pay rise, and a strong jobs market has many others doing the same

  15-09-2022 03:42 via abc.net.au
  
  Australia's unemployment rate rises for the first time in 10 months, despite more than 30,000 jobs being added in August.
  
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• Marsupial lions? Plus-size kangaroos? It's all on show here

  15-09-2022 03:10 via abc.net.au
  
  Menindee is the home for a new megafauna display that showcases extinct species from as far back as 60,000 years ago.
  
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• Kebab shop asks for 'girls only' in job ad, sparking gender discrimination discussion

  15-09-2022 02:43 via abc.net.au
  
  A West Australian kebab shop asks for "girls only" in an employment ad with the owner saying it is because girls are "more gentle and friendly".
  
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• Probe into industry effects on WA rock art

  15-09-2022 02:32 via businessnews.com.au
  
  An independent 'reporter' will assess the effects of industry on ancient rock art in the Pilbara where a contentious fertiliser plant is being developed.
  
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• Wall St ends higher as US rate hike looms

  15-09-2022 02:30 via businessnews.com.au
  
  Wall Street stocks have closed higher as an on-target inflation report largely staunched the flow of the previous session's sell-off and investors pressed the "pause" button.
  
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• Australian Pacific Coal plans to reopen controversial Upper Hunter mine, Dartbrook next year

  15-09-2022 02:20 via abc.net.au
  
  The owners of the mothballed Dartbrook coal mine in the Upper Hunter say they plan to restart the mine within 18 months, but it will cost more than $300 million.
  
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• Wildcats book modest profit

  15-09-2022 02:00 via businessnews.com.au
  
  Perth Wildcats may have missed the playoffs for the first time in 36 years, but that didn't stop the league's most successful franchise from booking a profit of $750,000 for the financial year.
  
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