Analyst news

• New bank to open in small farming community, bucking a national trend

  07-02-2023 23:07 via abc.net.au
  
  One bank is closing while another opens in the southern New South Wales town of Holbrook. The town's only current bank NAB will shut its branch's doors on Thursday, but Hume bank has announced it will open in March. 
  
  Read more

• As small towns around the country lose their banks, this community will gain a new one

  07-02-2023 23:07 via abc.net.au
  
  One bank is closing while another opens in the southern New South Wales town of Holbrook. The town's only current bank NAB will shut its branch's doors on Thursday, but Hume bank has announced it will open in March. 
  
  Read more

• As many regions lose their local banks, this small town is getting a new one

  07-02-2023 23:07 via abc.net.au
  
  One bank is closing while another opens in the southern New South Wales town of Holbrook. The town's only current bank NAB will shut its branch's doors on Thursday, but Hume bank has announced it will open in March. 
  
  Read more

• Trust slumps in government and media as division rules, survey shows

  07-02-2023 23:00 via abc.net.au
  
  A global survey finds Australia could be on path towards polarisation, with more people believing the divides in our society are not able to be fixed.
  
  Read more

• Advertisement

• Live: ASX gains back yesterday's losses after the RBA's interest rate hike

  07-02-2023 22:25 via abc.net.au
  
  After another interest rate hike yesterday, the stock market and economy are still digesting the news. Follow the day's financial news and insights from our specialist business reporters on our live blog.
  
  Read more

• Live: ASX digests news of latest interest rate hike

  07-02-2023 22:25 via abc.net.au
  
  After another interest rate hike yesterday, the stock market and economy are digesting the news. Follow the day's financial news and insights from our specialist business reporters on our live blog.
  
  Read more

• ASX closes higher; government releases financial advice report; banks pass on rates to borrowers, not savers

  07-02-2023 22:25 via abc.net.au
  
  Equity traders added back almost as much as was wiped off the ASX yesterday, following that ninth hike by the RBA, as more companies reported their earnings. Catch up on the day's financial news and insights from our specialist business reporters on our live blog.
  
  Read more

• ASX closes higher as traders prepare for more rate hikes to come and companies report mixed half year results — as it happened

  07-02-2023 22:25 via abc.net.au
  
  Equity traders added back almost as much as was wiped off the ASX yesterday, following that ninth hike by the RBA, as more companies reported their earnings. Catch up on the day's financial news and insights from our specialist business reporters on our live blog.
  
  Read more

• Advertisement

• Shires want simpler process to access outback disaster funding to fix roads

  07-02-2023 22:19 via abc.net.au
  
  Kimberley shires say "overly burdensome" bureaucratic hurdles are holding up crucial funds to repair flood-damaged outback roads used by pastoral stations and Indigenous communities.
  
  Read more

• Anti-fracking group launches Supreme Court challenge to Beetaloo Basin fracking plan

  07-02-2023 21:37 via abc.net.au
  
  The Central Australian Frack Free Alliance will argue the Northern Territory's Environment Minister failed to consider the full environmental impacts of new exploration works in the Beetaloo Basin.
  
  Read more

• Thinking about freezing your eggs? It's a huge financial, physical and emotional decision

  07-02-2023 21:07 via abc.net.au
  
  "They're well-educated, professional jobs, earning good incomes – and single." Meet the Australian women who are freezing their eggs.
  
  Read more

• 'I was considering my options after a break up': Why Chantel decided to freeze her eggs

  07-02-2023 21:07 via abc.net.au
  
  "They're well-educated, professional jobs, earning good incomes – and single." Meet the Australian women who are freezing their eggs.
  
  Read more

• These Queenslanders' insurance premiums have gone through the roof, but they've never been flooded

  07-02-2023 21:02 via abc.net.au
  
  A range of factors are leading to increased premiums across flood-affected areas, as insurers attempt to offset $5 billion in losses from the 2022 east-coast flood disaster and mitigate future disaster risk.
  
  Read more

• Michael's Brisbane home didn't flood last year, but his insurance premium tripled

  07-02-2023 21:02 via abc.net.au
  
  A range of factors are leading to increased premiums across flood-affected areas, as insurers attempt to offset $5 billion in losses from the 2022 east-coast flood disaster and mitigate future disaster risk.
  
  Read more

• This rural health worker wants to stay in remote Queensland but cannot find a rental

  07-02-2023 20:47 via abc.net.au
  
  Registered nurse Colleen Clark has been searching for a new rental in Theodore since April last year without success, an experience that has left her feeling "hopeless and undervalued" despite rural health workers being in high demand.
  
  Read more

• Colleen is desperately needed in this rural town, but she can’t find anywhere to stay

  07-02-2023 20:47 via abc.net.au
  
  Registered nurse Colleen Clark has been searching for a new rental in Theodore since April last year without success, an experience that has left her feeling "hopeless and undervalued" despite rural health workers being in high demand.
  
  Read more

• Almond growers choose safety in numbers to ward off economic worries

  07-02-2023 20:45 via abc.net.au
  
  An almond-growing cooperative has completed a multi-million-dollar expansion, while its business model is being rediscovered by other farmers in the country amid uncertain conditions for primary producers.
  
  Read more

• Elder who paid $14k to allegedly fake Aboriginal company urges more protection for victims

  07-02-2023 20:23 via abc.net.au
  
  Dubbo elder Maxwell Wiseman thought he was protecting his family when he took out funeral insurance. Instead, he lost thousands of dollars to a company accused of targeting vulnerable people.
  
  Read more

• Phillip is getting his parents off gas as prices surge, but it's not so easy for big manufacturers

  07-02-2023 19:47 via abc.net.au
  
  Two months after the federal government introduced price controls on gas, manufacturers are still struggling to get a fair deal — and the costs are being passed onto consumers.
  
  Read more

• 'Most businesses can't survive': How the gas squeeze threatens the future of manufacturing

  07-02-2023 19:47 via abc.net.au
  
  Two months after the federal government introduced price controls on gas, manufacturers are still struggling to get a fair deal — and the costs are being passed onto consumers.
  
  Read more

• 'Heroes or villain': Will the big gas companies play ball with Australian manufacturers?

  07-02-2023 19:47 via abc.net.au
  
  Two months after the federal government introduced price controls on gas, manufacturers are still struggling to get a fair deal — and the costs are being passed onto consumers.
  
  Read more

• Gas producers accused of bullying and price gouging, despite federal government intervention to cap prices

  07-02-2023 19:47 via abc.net.au
  
  Two months after the federal government introduced price controls on gas, manufacturers are still struggling to get a fair deal — and the costs are being passed onto consumers.
  
  Read more

• Plans to wean one state off coal coming under increasing pressure from across the energy divide

  07-02-2023 19:40 via abc.net.au
  
  As Western Australia pushes to exit the coal game within seven years, there are warnings the state's main power system may not be able to cope with the move.
  
  Read more

• As one state pushes for the coal exit, there are warnings from across the energy divide

  07-02-2023 19:40 via abc.net.au
  
  Plans to wean WA off coal by 2030 are coming under increasing pressure from across the energy divide amid claims the state's main power system may not be able to cope.
  
  Read more

• Swiss neutrality on the line as arms-for-Ukraine debate heats up

  07-02-2023 13:03 via abc.net.au
  
  Switzerland is close to breaking with centuries of tradition as a neutral state, as a pro-Ukraine shift in the public and political mood puts pressure on the government to end a ban on exports of Swiss weapons to war zones.
  
  Read more

• Critics claim proposed gold mine would risk food security, planning panel told

  07-02-2023 09:58 via abc.net.au
  
  A proposed gold mine in New South Wales jeopardises Australia's largest bee keeping facility, an independent planning panel has heard. 
  
  Read more

• Record profits for BP as Russia's war in Ukraine boost oil and gas prices

  07-02-2023 09:42 via abc.net.au
  
  As BP announces annnual earnings of $40 billion, there are growing calls for the UK government to boost taxes on companies profiting from the high price of oil and natural gas after Russia's invasion of Ukraine.
  
  Read more

• At Close of Business 7 February 2023

  07-02-2023 09:16 via businessnews.com.au
  
  Mark Pownall talks about WA's potential future as a hub for data centres. Plus: Moves in WA's shadow cabinet, RBA raising rates and construction industry forecasts.
  
  Read more

• Opposition not sold on nuclear power

  07-02-2023 09:04 via businessnews.com.au
  
  The opposition’s new energy spokesperson doesn’t support the use of nuclear energy in WA but remains open to revisiting the issue with federal colleagues ahead of elections in 2025.
  
  Read more

• Australian stocks fall as Reserve Bank turns hawkish

  07-02-2023 08:55 via businessnews.com.au
  
  The Australian share market has fallen 0.5 per cent, notching its worst loss in a month after the RBA indicated it would keep hiking rates.
  
  Read more

• EVR secures $25m investment

  07-02-2023 08:36 via businessnews.com.au
  
  EV Resources has penned a $25 million investment commitment with Sapphire Global Energy Fund resulting in a more than 50 per cent jump in its share price.
  
  Read more

• Centuria posts revenue gain, asset value uptick

  07-02-2023 08:27 via businessnews.com.au
  
  The real estate fund manager says its absorption of Primewest has helped buoy its funds under management to a record $21.1 billion in its recent half-year results.
  
  Read more

• Chardonnay beats shiraz for top export drop for Aussie wineries

  07-02-2023 08:26 via abc.net.au
  
  With the world awash with wine, grape growers are nervous about what the 2023 vintage will mean.
  
  Read more

• Cyprium seeks $35m in Nifty restart

  07-02-2023 08:19 via businessnews.com.au
  
  Cyprium Metals is looking to raise $35 million in a placement to fund a restart of its Nifty copper mine in the north-eastern Pilbara region of Western Australia by next year.
  
  Read more

• Mettam makes good on Goiran threats

  07-02-2023 07:47 via businessnews.com.au
  
  Nick Goiran has been sent to the backbench with one of Libby Mettam's key backers stepping in as the opposition’s newly minted justice spokesperson.
  
  Read more

• WA premier says parents must 'take responsibility' as Geraldton store imposes curfew to curb youth crime

  07-02-2023 07:16 via abc.net.au
  
  Premier McGowan says he sympathises with a Midwest business losing thousands of dollars a year to youth shoplifting, and that parents must take responsibility for 'managing their children'. 
  
  Read more

• Partnership positives for Australia

  07-02-2023 07:00 via businessnews.com.au
  
  AUKUS must be more than a collection of convenient solutions.
  
  Read more

• Calls for more aggressive approach to skilled migration

  07-02-2023 06:51 via businessnews.com.au
  
  Hesperia boss Ben Lisle is calling on authorities to more aggressively target overseas migration to plug the state’s skills gap.
  
  Read more

• Aerison wins $100m in contracts

  07-02-2023 06:51 via businessnews.com.au
  
  West Perth-based mining services company Aerison has won $100 million worth of new contracts for projects across Western Australia and South Australia.
  
  Read more

• Man sentenced for Quantum share scheme

  07-02-2023 06:43 via businessnews.com.au
  
  A Woodlands man has been sentenced to 12 months imprisonment, but will be released on a two-year good behaviour bond, for conspiring to pump up the price of Quantum Resources shares.
  
  Read more

• New home builds fall below target

  07-02-2023 06:21 via businessnews.com.au
  
  Australia’s new home builds in 2022-23 are forecasted to drop more than 16 per cent below the 200,000 houses per annum needed to meet the nation’s dwelling targets.
  
  Read more

• GDI buys South Hedland motels

  07-02-2023 06:18 via businessnews.com.au
  
  GDI Property Group has snapped up two South Hedland properties for $27 million, acquiring a combined accommodation of nearly 250 rooms with a potential expansion.
  
  Read more

• Point Bonython workers continue strike action in pay dispute with Santos

  07-02-2023 05:40 via abc.net.au
  
  Workers at Santos' Point Bonython port, near Whyalla, are continuing strike action that started in late 2022, with the union demanding a 5 per cent pay rise, or a rise that matches CPI.
  
  Read more

• Domestic gas supply at risk, says union, as port workers' months-long strike rolls on

  07-02-2023 05:40 via abc.net.au
  
  Workers at Santos' Point Bonython port, near Whyalla, are continuing strike action that started in late 2022, with the union demanding a 5 per cent pay rise, or a rise that matches CPI.
  
  Read more

• How much extra could your mortgage repayments be, now the cash rate is 3.35 per cent?

  07-02-2023 04:40 via abc.net.au
  
  Tell us your loan size, term and interest rate, and our mortgage repayment calculator will work out how much extra you may have to pay on your loan. 
  
  Read more

• This family was delighted to buy a home and renovate it, but now their mortgage payments have doubled

  07-02-2023 04:35 via abc.net.au
  
  When Emily and Jimmy Black bought their first home in September 2020, their mortgage repayments were tough but manageable.  Fast forward less than two years and things are looking very different.
  
  Read more

• Number Nine: RBA ups rates 25bp

  07-02-2023 04:33 via businessnews.com.au
  
  Updated: Rate hikes are likely to continue in the months ahead, the RBA said, as observers declared the central bank's stance had become even tougher.
  
  Read more

• Reserve Bank raises interest rates to 3.35 per cent, 'expects further increases will be needed'

  07-02-2023 04:30 via abc.net.au
  
  The Reserve Bank raises interest rates for the ninth meeting in a row, taking the cash rate target to its highest level since September 2012.
  
  Read more

• 'Great anxiety' as interest rates rise to 3.35 per cent with RBA flagging more rises to come

  07-02-2023 04:30 via abc.net.au
  
  The Reserve Bank raises interest rates for the ninth meeting in a row, taking the cash rate target to its highest level since September 2012.
  
  Read more

• 'Great anxiety' as interest rates climb to 3.35 per cent, with RBA flagging more rises to come

  07-02-2023 04:30 via abc.net.au
  
  The Reserve Bank raises interest rates for the ninth meeting in a row, taking the cash rate target to its highest level since September 2012.
  
  Read more

Follow @Analyst_News_AU on Twitter!