Analyst news

• Louis Vuitton boss knocks Elon Musk off top of Forbes rich list

  13-12-2022 23:18 via abc.net.au
  
  Twitter owner and Tesla boss Elon Musk is knocked off the top of the Forbes billionaire list after dropping billions from his net worth, according to Forbes.
  
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• Fuel supply fears for coastal SA town ahead of summer tourist influx

  13-12-2022 22:35 via abc.net.au
  
  The population of Robe is expected to swell from 1,500 to 15,000 people over the festive period and the local council insists the town will have enough fuel for everyone, despite the closure of a major petrol station.
  
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• If you live in WA, your Christmas budget might be a little more stretched than usual this year

  13-12-2022 22:11 via abc.net.au
  
  About four in five WA businesses are being forced to pass on cost increases to customers in the lead up to Christmas, according to the Chamber of Commerce and Industry WA.
  
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• Christmas might be more expensive this year, as the cost of doing business in WA continues to rise

  13-12-2022 22:11 via abc.net.au
  
  About four in five WA businesses are being forced to pass on cost increases to customers in the lead up to Christmas, according to the Chamber of Commerce and Industry WA.
  
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• Unions say the UK will lose 1 million working days to strikes this month, so what has workers so up in arms?

  13-12-2022 21:28 via abc.net.au
  
  Nurses, railway workers, teachers and postal workers have either already stopped work or plan to in coming months, and they all have one demand in common: better pay. 
  
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• Goat meat prices slip $5 a kilogram as supply surges

  13-12-2022 21:25 via abc.net.au
  
  A western NSW goat musterer has halted operations until he can get a bit more certainty on prices that have plunged more than 60 per cent.
  
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• While soft plastics recycling company REDcycle has collapsed, these recycling businesses are thriving

  13-12-2022 21:24 via abc.net.au
  
  While the collapse of soft plastic recycling company REDcycle is a blow to the industry, demand grows for commercial services that charge to collect and recycle unwanted goods not allowed in yellow kerbside bins.
  
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• How much would you pay to reduce your waste? These user-pay recycling businesses are booming

  13-12-2022 21:24 via abc.net.au
  
  While the collapse of soft plastic recycling company REDcycle is a blow to the industry, demand grows for commercial services that charge to collect and recycle unwanted goods not allowed in yellow kerbside bins.
  
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• Landmark Alice Springs pub to permanently shut due to 'impact of crime in CBD'

  13-12-2022 21:13 via abc.net.au
  
  Monte's Lounge in Alice Springs will call last drinks later this month, as its owners prepare to permanently shut the landmark pub due to what they say is an unwinnable battle against crime.
  
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• New regional airline Bonza eagerly awaited as ticket prices soar

  13-12-2022 21:03 via abc.net.au
  
  Bonza's third aircraft touched down on Australian soil this week, but after significant delays the company still has no timeline of when its low-cost flights will begin  and industry experts have raised concerns. 
  
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• It has promised $50 flights and brand new routes, but budget airline Bonza's take-off date is still unclear

  13-12-2022 21:03 via abc.net.au
  
  Bonza's third aircraft touched down on Australian soil this week, but after significant delays the company still has no timeline of when its low-cost flights will begin  and industry experts have raised concerns. 
  
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• Live: Wall Street gains as US inflation pulls back in November, ASX set to rise

  13-12-2022 21:00 via abc.net.au
  
  US stocks are higher after inflation in North America barely rose last month. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: ASX rises after Wall Street gains and US inflation pulls back

  13-12-2022 21:00 via abc.net.au
  
  Australian and US stocks are higher after inflation in North America barely rose last month. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• ASX rises after Wall Street gains and US inflation eases — as it happened

  13-12-2022 21:00 via abc.net.au
  
  Australian and US stocks climb after data shows inflation in North America barely rose last month. Look back on the day's events and insights from our business reporters on the ABC News markets blog. 
  
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• Luxe real estate, a 'massive fraud', and a secret $1bn loan: The dramatic arrest of Sam Bankman-Fried

  13-12-2022 20:28 via abc.net.au
  
  Sam Bankman-Fried insists the collapse of $32 billion crypto empire is the result of bad accounting, human error and rotten luck. US authorities say it was a "massive, years-long fraud". 
  
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• Luxe real estate, a 'massive fraud', and a secret $1b loan: The dramatic arrest of Sam Bankman-Fried

  13-12-2022 20:28 via abc.net.au
  
  Sam Bankman-Fried insists the collapse of $32 billion crypto empire is the result of bad accounting, human error and rotten luck. US authorities say it was a "massive, years-long fraud". 
  
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• Behind a veil of philanthropy, this US billionaire 'stole from the cookie jar' to fund a 'lavish lifestyle'

  13-12-2022 20:28 via abc.net.au
  
  Sam Bankman-Fried insists the collapse of $32 billion crypto empire is the result of bad accounting, human error and rotten luck. US authorities say it was a "massive, years-long fraud". 
  
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• Japan watches Australia's energy intervention 'with great interest' as northern winter looms

  13-12-2022 19:45 via abc.net.au
  
  The Japanese government adds its voice to the debate about plans for coal and gas price caps amid concerns about energy security at home.
  
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• Demand for Christmas hams soars as beef and lamb too expensive for lunch

  13-12-2022 19:45 via abc.net.au
  
  Hams are the go-to for Christmas spreads this year due to dramatic rises in beef and lamb prices, while pork remains steady.
  
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• 'Some of the lowest paid workers': NSW Labor makes election pledge for musicians

  13-12-2022 19:13 via abc.net.au
  
  NSW Labor promises to make it mandatory that musicians receive a minimum fee if they play at events that have received public funding.
  
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• Inflation begins to ease in the United States with declines in cost of petrol and used cars

  13-12-2022 15:22 via abc.net.au
  
  The low inflation increase could give the US Federal Reserve cover to start scaling back the size of its interest rate hikes.
  
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• 'House of cards': Crypto FTX ex-CEO Sam Bankman-Fried charged with fraud after Bahamas arrest

  13-12-2022 13:29 via abc.net.au
  
  In a statement, the SEC says it will seek an injunction to prevent Mr Bankman-Fried from future securities trading except for his personal account and a civil penalty, among other actions.
  
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• 'House of cards': Crypto FTX ex-CEO Sam Bankman-Fried charged with conspiracy to commit fraud after Bahamas arrest

  13-12-2022 13:29 via abc.net.au
  
  US prosecutors have indicted the 30-year-old on eight criminal violations, ranging from wire fraud to money laundering to conspiracy to commit fraud and making illegal campaign contributions. 
  
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• Here's what Twitter's latest changes mean for its users

  13-12-2022 10:42 via abc.net.au
  
  Tumultuous times continue for Twitter, with the platform relaunching its new verification subscription and Elon Musk disbanding the platform's Trust and Safety Council. Here's what's happened and what it means for Twitter users. 
  
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• At Close of Business 13 December 2022

  13-12-2022 09:00 via businessnews.com.au
  
  Senior journalist Claire Tyrrell talks about her recent coverage of Dorado Property.
  
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• Banking sector gains help push ASX higher

  13-12-2022 08:56 via businessnews.com.au
  
  The local bourse has clawed back most of Monday's losses as traders await more US inflation data that will be released in the wee hours.
  
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• Mincor in $55m capital raise

  13-12-2022 08:41 via businessnews.com.au
  
  Mincor Resources is on track to receive $55 million to advance development at its nickel operations.
  
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• Chalice pushes back scoping study

  13-12-2022 08:37 via businessnews.com.au
  
  Shares in Julimar explorer Chalice Mining have sunk after investors were told they would need to wait another quarter to see a scoping study for the project.
  
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• China goes to World Trade Organization over US chip export rules

  13-12-2022 08:36 via abc.net.au
  
  China's Commerce Ministry says the United State's chip export control measures against China "threaten the stability of the global industrial supply chains". 
  
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• DFD Rhodes delivers $34m dividends

  13-12-2022 08:30 via businessnews.com.au
  
  The Rhodes family office made a profit of $82.8 million for the year to June, with a portfolio of assets nearing half a billion dollars.
  
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• 'Christmas has come early': Sunshine Coast tourism operators welcome visitors

  13-12-2022 08:21 via abc.net.au
  
  Sunshine Coast hotel operators welcome an early Christmas bounce with "record numbers" of travellers flocking to the region before the traditional peak period.
  
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• Repair shop cops $435k penalty

  13-12-2022 08:15 via businessnews.com.au
  
  A Kununurra hydraulic repair company and its sole director will be forced to pay $435,000 over a forklift incident that left a teenage worker with life-threatening injuries.
  
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• WA court convicts consultant over shares scheme

  13-12-2022 08:09 via businessnews.com.au
  
  The Supreme Court of WA has sentenced a financial consultant to 15 months’ imprisonment over his involvement in manipulating the share price of an ASX-listed mining company.
  
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• Space company counter-sues former boss for alleged fraud after unfair dismissal, sexism claims

  13-12-2022 08:09 via abc.net.au
  
  Months after securing NASA's first rocket launches on Australian soil in years, space industry start-up Equatorial Launch Australia is embroiled in multimillion-dollar lawsuits.
  
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• Kean criticism highlights hypocrisy

  13-12-2022 07:55 via businessnews.com.au
  
  As the east coast reels at the cost of energy, history is ignored yet again.
  
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• Concerns over asbestos risk after historic WA timber mill gutted by fire

  13-12-2022 07:51 via abc.net.au
  
  The Shire of Manjimup says it repeatedly warned the state government over the risks posed by the Pemberton mill, but the government says demolition is up to the mill's owners.
  
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• Runcorn, Nathan, Wilston among 14 Brisbane locations earmarked for transformation

  13-12-2022 07:42 via abc.net.au
  
  Six months after announcing its Suburban Renewal Precincts initiative, Brisbane City Council reveals the more than 70 hectares of industrial land it has identified for mixed-use residential developments.
  
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• 14 Brisbane locations earmarked for new housing revealed by council

  13-12-2022 07:42 via abc.net.au
  
  Six months after announcing its Suburban Renewal Precincts initiative, Brisbane City Council reveals the more than 70 hectares of industrial land it has identified for mixed-use residential developments.
  
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• Greens hold firm on demand for two-year power bill freeze ahead of vote on coal and gas price caps

  13-12-2022 06:53 via abc.net.au
  
  The Greens, whose support is needed to pass a proposed price cap on gas and coal, are holding firm on their demand for a two-year freeze on energy bill prices, which they say will save households $750 and be paid for by fossil fuel companies.
  
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• Marise Payne tells inquiry she doesn't know when need for law change 'dropped off the radar'

  13-12-2022 06:44 via abc.net.au
  
  Former Coalition minister Marise Payne tells the Robodebt inquiry the scheme's priority was to make sure the "right people" got the "right amounts".
  
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• 'Homebuyer sentiment firmly in the doldrums' despite a lift in house price optimism

  13-12-2022 06:36 via abc.net.au
  
  Households are hoping interest rates will reach their peak soon and home prices may start to rise. However, rising inflation and interest rates have businesses worried about the future. 
  
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• Consumer confidence off lows on hopes interest rates will peak soon, but businesses gloomy

  13-12-2022 06:36 via abc.net.au
  
  Households are hoping interest rates will reach their peak soon and home prices may start to rise. However, rising inflation and interest rates have businesses worried about the future. 
  
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• ASIC moves on Star but not Crown

  13-12-2022 06:32 via businessnews.com.au
  Australia’s corporate regulator has launched legal proceedings against 11 directors and officers of The Star Entertainment Group and again defended not taking similar action against Crown Resorts.
  
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• Mine planned near Moore River

  13-12-2022 06:10 via businessnews.com.au
  
  A proposal to build a heavy mineral sands mining operation on the cusp of Moore River National Park has been put to the state’s environmental watchdog.
  
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• Ivory to head CCIWA board

  13-12-2022 05:28 via businessnews.com.au
  
  The Chamber of Commerce and Industry WA vice president Nicki Ivory will step up to lead the board, replacing outgoing president Nicolle Jenkins.
  
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• UGL locks in $200m of contracts

  13-12-2022 04:47 via businessnews.com.au
  
  CIMIC Group subsidiary UGL has secured more than $200 million in various energy and resource contracts in WA.
  
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• UGL locks in $200m in contracts

  13-12-2022 04:47 via businessnews.com.au
  
  CIMIC Group subsidiary UGL has secured more than $200 million in various energy and resource contracts in WA.
  
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• Petrol station chain's alcohol app approved after court overturns ban

  13-12-2022 04:12 via abc.net.au
  
  South Australia's largest petrol station chain will be able to serve alcohol through its app after a successful appeal to the state's licensing court.
  
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• OTR approved to sell alcohol through app after appeal against liquor commissioner's knockback

  13-12-2022 04:12 via abc.net.au
  
  South Australia's largest petrol station chain will be able to serve alcohol through its app after a successful appeal to the state's licensing court.
  
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• Dorado goes directly to the source

  13-12-2022 03:42 via businessnews.com.au
  
  The Perth property investment house’s move into direct ownership is paying off.
  
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