Analyst news

• Live: Tech rebound lifts Wall Street, ASX likely to open higher

  23-01-2023 21:55 via abc.net.au
  
  The Australian share market is likely to hit a fresh nine-month high, while Wall Street's tech-heavy Nasdaq index jumps as investors pile into beaten-down tech stocks on hopes that inflation has peaked in the US. Follow the latest updates in our live blog.
  
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• Live: Spotify sacks 6pc of workforce Wall St lifts on tech rebound, ASX to open higher

  23-01-2023 21:55 via abc.net.au
  
  Spotify is the latest tech company to announce mass layoffs, while the Australian share market is likely to hit a fresh nine-month high, and Wall Street rises as investors pile into beaten-down technology stocks. Follow the latest updates in our live blog.
  
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• Live: Elon Musk testifies Saudis backpedalled from Tesla deal, ASX hits nine-month high

  23-01-2023 21:55 via abc.net.au
  
  Elon Musk has taken the witness stand for a second day to defend against allegations that he misled Tesla investors, while the Australian share market hits a fresh nine-month high as Wall Street's tech stocks rebound. Follow the latest updates in our live blog.
  
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• Elon Musk testifies Saudis backpedalled from Tesla deal, ASX hits nine-month high

  23-01-2023 21:55 via abc.net.au
  
  Investors are still feeling very optimistic as the Australian share market has risen to its highest level since April, while Elon Musk has taken the witness stand for a second day to defend against allegations that he misled Tesla investors.
  
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• A Queensland airport has recorded its busiest summer holiday period since 2019

  23-01-2023 20:45 via abc.net.au
  
  Gold Coast Airport is adding two new international routes to its roster in the coming months as packed arrivals halls show visitor numbers remain strong.
  
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• This drug giant was warned over 'significant' manufacturing violations. What does this mean for Australian imports?

  23-01-2023 20:00 via abc.net.au
  
  Questions have been raised about how Australia ensures the quality of its imported medicines after a major pharmaceutical company was warned over lapses in contamination control and manufacturing practices.
  
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• From today, eligible NSW drivers can claim hundreds in toll relief

  23-01-2023 19:12 via abc.net.au
  
  The government expects half a million drivers across the city to be eligible for the new scheme, with Western Sydney residents set to be some of the biggest winners.
  
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• Razzie Awards announce 2022 nominees, celebrating the 'worst' of film

  23-01-2023 11:49 via abc.net.au
  
  As Hollywood swings into Oscars season, the satirical Razzie Awards are preparing to give Golden Raspberries to some of the less-celebrated films of 2022.
  
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• Clean energy finally gains a foothold in India, but coal still rules the roost

  23-01-2023 11:29 via abc.net.au
  
  In a country where 70 per cent of its electricity is generated by fossil fuels, the push is on to step up the use of renewables, but can India wean itself off coal as electricity demands rise?
  
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• Brazilian, Argentinian leaders propose common South American currency

  23-01-2023 11:08 via abc.net.au
  
  The plan is aimed at boosting regional trade and reducing their reliance on the US dollar, with Buenos Aires suggesting the new currency be called the "sur", meaning "south" in Spanish.
  
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• Claims human faeces thrown at bus driver as services to Brisbane's western suburbs curtailed

  23-01-2023 09:36 via abc.net.au
  
  Two Brisbane bus services are no longer stopping in the western suburbs after dark, with one bus driver saying colleagues servicing the routes "don't want to go to work" due to safety fears. 
  
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• Bill Gates backs Perth startup

  23-01-2023 09:11 via businessnews.com.au
  
  Climate technology company Rumin8 has raised $US12 million in a funding round led by the Bill Gates-founded Breakthrough Energy Ventures and supported by Andrew and Nicola Forrest.
  
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• Deripaska starts action in federal court

  23-01-2023 09:06 via businessnews.com.au
  
  Russian oligarch Oleg Deripaska, who is banned from Australia, is taking legal action against the Minister for Foreign Affairs with help from Perth-based representation.
  
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• Ramelius pauses gold mine work

  23-01-2023 09:01 via businessnews.com.au
  
  ASX-listed Ramelius Resources has paused its Edna May goldmine operations after higher operating costs “eroded” returns.
  
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• Accor named UWA hotel operator

  23-01-2023 08:58 via businessnews.com.au
  
  Accor has been selected to operate a 66-room hotel within the University of Western Australia, with the revenue to be invested in the Forrest Research Foundation.
  
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• Alcoa scraps bauxite export plan

  23-01-2023 08:35 via businessnews.com.au
  
  Giant US company Alcoa has withdrawn plans to export raw bauxite from WA as it battles to gain approvals for its mining operations in the Darling Range.
  
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• Aust shares edge higher ahead of data

  23-01-2023 08:27 via businessnews.com.au
  
  Sentiment in the local share market remained cautious ahead of inflation data as the benchmark index settled after hitting a fresh nine-month high.
  
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• Pilbara Minerals focused on expansion

  23-01-2023 08:22 via businessnews.com.au
  
  Perth-based Pilbara Minerals has appointed a new project director to oversee the planned doubling of its lithium production.
  
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• Pilbara Minerals appoints director to lead production expansion

  23-01-2023 08:22 via businessnews.com.au
  
  Perth-based Pilbara Minerals has appointed a new project director to oversee the planned doubling of its lithium production.
  
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• At Close of Business 23 January 2023

  23-01-2023 08:14 via businessnews.com.au
  
  Matt Mckenzie and Jordan Murray assess the year ahead on issues of inflation, rental chaos and energy shortages.
  
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• Midwest residents calling for action as repeated power outages cost businesses, residents

  23-01-2023 08:11 via abc.net.au
  
  About 3,000 people were without power in and around Dongara at the weekend, as outages continue to plague Western Australia's Midwest region. 
  
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• Environmental review for Bidaminna project

  23-01-2023 07:49 via businessnews.com.au
  
  The proposed Bidaminna project which could see up to 1,000 hectares of vegetation cleared will undergo the highest level of assessment by the Environmental Protection Authority.
  
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• Duratec wins $100m contract

  23-01-2023 07:06 via businessnews.com.au
  
  Perth-based engineering and remediation company Duratec has won a $100 million contract from the Department of Defence.
  
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• Population report points to WA growth

  23-01-2023 06:48 via businessnews.com.au
  
  Population growth is in the news again with the release of a new report by the Commonwealth Government’s Centre for Population.
  
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• Pensioner tells royal commission of 'sheer terror' at receiving Robodebt bill worth almost $65,000

  23-01-2023 06:18 via abc.net.au
  
  Rosemary Gay wiped away tears while telling the royal commission into the Robodebt scheme of her "sheer terror" at receiving a debt notice for almost $65,000. 
  
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• Not even Centrelink's 'God' could help sort out Rosemary's 'impossible' Robodebt bill

  23-01-2023 06:18 via abc.net.au
  
  Rosemary Gay wiped away tears while telling the royal commission into the Robodebt scheme of her "sheer terror" at receiving a debt notice for almost $65,000. 
  
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• Supermarket prices surge and there's more inflation to come, warn analysts

  23-01-2023 05:53 via abc.net.au
  
  Supermarket price increases accelerated over the past three months of 2022, with Woolworths leading the charge, according to research by investment bank UBS.
  
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• Vango recommends shareholders accept $66m takeover offer

  23-01-2023 04:50 via businessnews.com.au
  
  Sydney-based gold explorer Vango Mining’s directors have recommended shareholders accept Catalyst Metal’s $66 million off-market scrip takeover bid.
  
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• Vango backs $66m takeover offer

  23-01-2023 04:50 via businessnews.com.au
  
  The directors of Sydney-based gold explorer Vango Mining have recommended shareholders accept Catalyst Metals' $66 million off-market scrip takeover bid.
  
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• Workers fear for future as mill produces last ream of Australian white paper for foreseeable future

  23-01-2023 04:30 via abc.net.au
  
  Opal Australian Paper's Maryvale mill, in eastern Victoria, has suspended white paper production indefinitely due to a lack of timber supply.
  
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• End of an era as mill produces last ream of Australian white paper, leaving workers fearing for jobs

  23-01-2023 04:30 via abc.net.au
  
  Opal Australian Paper's Maryvale mill, in Victoria, has halted white paper production indefinitely, as the office supplies industry predicts paper prices will soar across the country.
  
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• End of an era as mill produces last ream of Australian white paper and workers fear for their jobs

  23-01-2023 04:30 via abc.net.au
  
  Opal Australian Paper's Maryvale mill, in Victoria, has halted white paper production indefinitely, as office supplies industry warns paper prices will soar.
  
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• Queensland breaks into top spot as Australia's best-performing economy, CommSec report reveals

  23-01-2023 04:07 via abc.net.au
  
  Strong interstate migration and jobs growth lifts Queensland to its first top ranking on the State of the States economic report with South Australia ranking strong in construction and Victoria leading the nation on retail spending.
  
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• Approval for $174m CBD tower

  23-01-2023 03:42 via businessnews.com.au
  
  GDI Property Group's first project in a plan to redevelop its CBD office complex on St Georges Terrace has been ticked off by a development panel.
  
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• $174m CBD office tower approved

  23-01-2023 03:42 via businessnews.com.au
  
  GDI Property Group's first project in a plan to redevelop its CBD office complex on St Georges Terrace has been ticked off by a development panel.
  
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• More city butchers face chopping block, but no such snags for country meat sellers

  23-01-2023 02:29 via abc.net.au
  
  Outback butcheries are evolving into small business powerhouses as the paddock-to-plate trend helps shield them from supermarket competition. Here's how they're doing it.
  
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• Banker-turned-butcher enjoys trend towards paddock-to-plate demand

  23-01-2023 02:29 via abc.net.au
  
  Outback butcheries are evolving into small business powerhouses as urban counterparts succumb to supermarket competition. Here's how they are doing it.
  
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• PM flags defence focus in federal budget

  23-01-2023 01:50 via businessnews.com.au
  
  The prime minister won't confirm if Australia has signed a significant weapons contract but says the May budget will include national security funding.
  
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• Recession fears if interest rates hiked

  23-01-2023 01:46 via businessnews.com.au
  
  Deloitte Access Economics warns Australia could fall into a recession if the central bank lifts interest rates again, with households already hurting.
  
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• High power prices taking extra toll on sick Spaniards

  23-01-2023 01:03 via abc.net.au
  
  With electricity bills tripling since Russia invaded Ukraine, Spain's middle class is being dragged into poverty, and its ill citizens are suffering the most.
  
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