Analyst news

• Why the closure of a small grocery store is a big deal for this outback town

  28-02-2023 23:34 via abc.net.au
  
  For people living in cities, choice is everywhere. But when one of the few shops in a remote community shuts down, it's a big deal — not just economically, but for its social fabric too.
  
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• Prime minister denies changes to super accounts over $3m represent broken promise

  28-02-2023 22:42 via abc.net.au
  
  Prime Minister Anthony Albanese says he has not broken an election promise not to make any changes to superannuation, saying the change for the largest super accounts will take effect after the next federal election.
  
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• Perth home values dip

  28-02-2023 22:00 via businessnews.com.au
  
  The city’s home values tracked in line with the national average in February, with a modest drop of 0.1 per cent.
  
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• Markets live: ASX falls as Australia's economy grows at a slower-than-expected pace

  28-02-2023 21:40 via abc.net.au
  
  The Australian share market falls slightly, after a mixed performance on Wall Street as investors bet on interest rates having to rise by more than they initially expected, while the ABS released a significant update about Australia's solid —but slowing — economic growth.
  
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• Live: Australian shares set to fall ahead of GDP results, Wall Street slips in last session of February

  28-02-2023 21:40 via abc.net.au
  
  The Australian share market is set to open lower, after a mixed performance on Wall Street as investors bet on interest rates having to rise by more than they initially expected, while the ABS will release a significant update about Australia's solid —but slowing — economic growth.
  
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• Live: Australian shares set to fall ahead of GDP results, Dow Jones slips in last session of February

  28-02-2023 21:40 via abc.net.au
  
  The Australian share market is set to open lower, after a mixed performance on Wall Street as investors bet on interest rates having to rise by more than they initially expected, while the ABS will release a significant update about Australias solid —but slowing — economic growth.
  
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• Live: Australian shares fall ahead of GDP results, Wall Street slips in last session of February

  28-02-2023 21:40 via abc.net.au
  
  The Australian share market is set to open lower, after a mixed performance on Wall Street as investors bet on interest rates having to rise by more than they initially expected, while the ABS will release a significant update about Australia's solid —but slowing — economic growth.
  
  Read more

• Live: ASX slips as Australia's economy grows at a slower-than-expected pace

  28-02-2023 21:40 via abc.net.au
  
  The Australian share market falls slightly, after a mixed performance on Wall Street as investors bet on interest rates having to rise by more than they initially expected, while the ABS released a significant update about Australia's solid —but slowing — economic growth.
  
  Read more

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• Live: ASX recovers as Australia's economy grows at a slower-than-expected pace

  28-02-2023 21:40 via abc.net.au
  
  The Australian share market recovers from its initial losses, following a mixed performance on Wall Street as investors bet on interest rates having to rise by more than they initially expected, while the ABS releases a significant update about Australia's solid —but slowing — economic growth.
  
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• ASX slips as Australia's economy grows at a slower-than-expected pace

  28-02-2023 21:40 via abc.net.au
  
  The Australian share market falls, after a mixed performance on Wall Street as investors bet on interest rates having to rise by more than they initially expected, while the ABS releases a significant update about Australia's solid —but slowing — economic growth.
  
  Read more

• Push for the Moon to get a time zone, The Weeknd breaks Spotify streaming record — as it happened

  28-02-2023 21:23 via abc.net.au
  
  The news Australia is searching for and all the news that happened while you snoozed: This is the Loop, your quick catch-up for this morning's stories as they happened. 
  
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• Live: The Loop: Russia bans officials using foreign words, Puerto Rico to close only zoo over alleged neglect

  28-02-2023 21:23 via abc.net.au
  
  The news Australia is searching for and all the news that happened while you snoozed: This is the Loop, your quick catch-up for this morning's stories as they happen. 
  
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• Live: The Loop: Push for the Moon to get a time zone, The Weeknd breaks Spotify streaming record

  28-02-2023 21:23 via abc.net.au
  
  The news Australia is searching for and all the news that happened while you snoozed: This is the Loop, your quick catch-up for this morning's stories as they happen. 
  
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• Electric ute now on sale, but will it be able to handle Australian farming conditions?

  28-02-2023 20:54 via abc.net.au
  
  The Chinese-made vehicle will cost you almost $93,000 and is being heralded as a step forward, but doubts are being raised about whether it will pass muster in the agricultural sector.
  
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• Rooftop solar set to take mantle as 'Australia's biggest power source' as coal woes hasten

  28-02-2023 20:06 via abc.net.au
  
  A new report says more than 3.4 million Australian customers have a rooftop solar system, with the rate of new installations running at roughly 300,000 a year, accelerating the decline of fossil fuel-fired power.
  
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• Stuck in a Zip Pay debt tunnel, Ray is one reason the government is weighing up tougher credit rules

  28-02-2023 19:57 via abc.net.au
  
  Millions of Australians have buy now, pay later accounts, but the easy credit may soon be harder to come by as the government vows to crack down on the industry by the end of the year.
  
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• Buy now, pay later? Not so fast, as the government looks to tighten regulation

  28-02-2023 19:57 via abc.net.au
  
  Millions of Australians have buy now, pay later accounts, but the easy credit may soon be harder to come by as the government vows to crack down on the industry by the end of the year.
  
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• Federal government blocks Chinese fund from increasing its stake in Northern Minerals

  28-02-2023 19:30 via abc.net.au
  
  Treasurer Jim Chalmers blocks Yuxiao Fund's application to the Foreign Investment Review Board to increase its stake in Northern Minerals Limited from just under 10 per cent to nearly 20 per cent.
  
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• Chinese entity stopped from further investment in strategically crucial rare earths producer for second time

  28-02-2023 19:30 via abc.net.au
  
  Treasurer Jim Chalmers blocks Yuxiao Fund's application to the Foreign Investment Review Board to increase its stake in Northern Minerals Limited from just under 10 per cent to nearly 20 per cent.
  
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• Australia blocks Chinese fund from increasing its stake in Northern Minerals

  28-02-2023 19:30 via abc.net.au
  
  Treasurer Jim Chalmers blocks Yuxiao Fund's application to the Foreign Investment Review Board to increase its stake in Northern Minerals Limited from just under 10 per cent to nearly 20 per cent.
  
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• Inderjit worked for free in an Australian restaurant to secure a visa. Instead of silence, she took her boss to court

  28-02-2023 19:29 via abc.net.au
  
  As immigration returns to pre-pandemic levels in Australia and the federal government seeks to overhaul the migration system, Indjerit is sharing her story in the hope she can prevent others from being exploited.
  
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• An Australian restaurant ‘grossly exploited’ Inderjit’s desperation for a visa. She’s speaking up to help others

  28-02-2023 19:29 via abc.net.au
  
  As immigration returns to pre-pandemic levels in Australia and the federal government seeks to overhaul the migration system, Indjerit is sharing her story in the hope that she can prevent others from being exploited.
  
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• An Australian restaurant grossly exploited' Inderjit’s desperation for a visa. She's speaking up to help others

  28-02-2023 19:29 via abc.net.au
  
  As immigration returns to pre-pandemic levels in Australia and the federal government seeks to overhaul the migration system, Indjerit is sharing her story in the hope she can prevent others from being exploited.
  
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• 'Tendency to surprise on the upside': Why are house prices stabilising and is the bust really over yet?

  28-02-2023 18:54 via abc.net.au
  
  A lack of properties for sale and the first rise in Sydney home prices in more than a year stabilise real estate values across the nation. But for how long?
  
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• 'Recession risks are rising' with latest GDP figures set to be released today

  28-02-2023 18:54 via abc.net.au
  
  The latest economic growth figures are expected to show a robust economy. But the outlook for 2023 is far less rosy, warn many analysts.
  
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• 'Recession risks are rising' but the latest GDP numbers are expected to show 'solid' growth

  28-02-2023 18:54 via abc.net.au
  
  The latest economic growth figures, to the end of last year, are expected to show a robust economy. But the outlook for 2023 is far less rosy, warn many analysts.
  
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• 'Bottom of the cycle or eye of the storm?': House prices stabilise nationally, rise in Sydney

  28-02-2023 18:54 via abc.net.au
  
  A lack of properties for sale and the first rise in Sydney home prices in more than a year stabilise real estate values across the nation. But for how long?
  
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• 'We are going to conquer disease': Father of 'brick' mobile phone sees hope in new tech

  28-02-2023 15:53 via abc.net.au
  
  The man credited with inventing the cell phone 50 years ago is optimistic that future advances in mobile technology can transform human lives.
  
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• Japanese companies indicted over alleged Olympic contract bid rigging

  28-02-2023 14:20 via abc.net.au
  
  Prosecutors have issued indictments to Japanese companies suspected of rigging bids for the 2020 Tokyo Olympics. 
  
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• At Close of Business 28 February 2023

  28-02-2023 09:11 via businessnews.com.au
  
  Senior editor Mark Pownall discusses the advent of regulatory technology businesses.
  
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• Vic Park Nepalese restaurant goes under

  28-02-2023 08:20 via businessnews.com.au
  
  Liquidators have been appointed to an entity trading as Himalayan Nepalese Restaurant and Cafe Victoria Park, an eatery situated along the suburb’s busy food and café strip.
  
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• Electric vehicle logging truck trial underway in South Australia as state government watches on

  28-02-2023 08:15 via abc.net.au
  
  This logging truck can travel up to 500 kilometres on renewable energy, stopping for a five-minute battery swap-over before continuing on its way.
  
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• City Beach roof refusal overruled

  28-02-2023 07:59 via businessnews.com.au
  
  Former IMP Automation Group managing director Boyne Hohenstein has had a win in the State Administrative Tribunal after a planning decision was overturned.
  
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• Cambridge roof refusal overruled

  28-02-2023 07:59 via businessnews.com.au
  
  The State Administrative Tribunal has struck down a planning decision made by the Town of Cambridge over a roof terrace proposal at a $2.6 million City Beach site.
  
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• Australian shares finish down amid rocky road warnings

  28-02-2023 07:50 via businessnews.com.au
  
  The ASX has closed up 0.5 per cent but turned in a lacklustre performance for the month, giving back half of January's gains.
  
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• Ulti-Mech signs $110m deal to convert 4WD's into EVs

  28-02-2023 07:36 via businessnews.com.au
  
  Pilbara-founded automotive specialist Ulti-Mech has struck a $110 million deal with a Netherlands-based company to convert 1,000 four-wheel-drive vehicles into electric cars in Western Australia.
  
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• Sheffield raises $30m for growth opportunities

  28-02-2023 06:57 via businessnews.com.au
  
  Mineral sands junior Sheffield Resources is set to raise $30 million to potentially expand its nearly constructed Kimberly project and to assess a business opportunity in Brazil.
  
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• Time for Cape to Cape introspection

  28-02-2023 05:53 via businessnews.com.au
  
  This is a tourism challenge to enjoy before it gets too busy.
  
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• Rush on food supplies as heavy rain again cuts roads into East Kimberley

  28-02-2023 05:20 via abc.net.au
  
  The only sealed road into the the region is now closed in both directions, as residents deal with wild weather and empty supermarket shelves.
  
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• Heavy rain causes further supply chain havoc in East Kimberley

  28-02-2023 05:20 via abc.net.au
  
  The only sealed road into the the region is now closed in both directions, as residents deal with wild weather and empty supermarket shelves.
  
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• Mercer sued in ASIC 'greenwashing' clampdown

  28-02-2023 04:48 via businessnews.com.au
  
  The Australian Securities and Investments Commission is suing corporate super fund Mercer Superannuation in the watchdog’s first legal action against alleged greenwashing.
  
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• Sandfire records first half loss

  28-02-2023 04:44 via businessnews.com.au
  
  Sandfire Resources has recorded a $27.1 million loss after inflationary pressures, higher energy prices and the acquisition of a project in Spain impacted the global miner's first half results.
  
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• Manufacturer fined over guillotine injury

  28-02-2023 03:57 via businessnews.com.au
  
  A sheet metal manufacturer has been fined $300,000 over an incident which led to a teenage apprentice’s fingers being severed while using the company's machinery.
  
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• Author shocked to find book listed on Amazon under different author's name

  28-02-2023 03:18 via abc.net.au
  
  Imagine writing a 350-page children's book and having it published — only to find a duplicate copy for sale on Amazon with someone else's name attached. That's exactly what happened to Tasmanian writer Lian Tanner.
  
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• Cost for Darwin road upgrade hiked up again to $165 million, nearly triple original price tag

  28-02-2023 03:01 via abc.net.au
  
  The cost to grade-separate two of Darwin's key arterials has blown out by at least $100 million, with the NT government blaming a broad increase in the cost to build infrastructure.
  
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• Pay rises for new recruits slow as jobs market cools

  28-02-2023 03:00 via businessnews.com.au
  
  Employers are still offering big sums to entice in-demand workers but growth in advertised salaries is starting to wane.
  
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• Council approves road closures paving way for expansion of Super Pit gold mine

  28-02-2023 02:52 via abc.net.au
  
  Council approval of the expansion and road closures, known as the Fimiston South project, will widen and deepen Kalgoorlie's Super Pit and extend the mine's life until at least 2034.
  
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• Tax hike for big super balances

  28-02-2023 02:44 via businessnews.com.au
  
  Superannuation balances of more than $3 million will be subject to a higher rate of tax from FY26, with about 80,000 Australians to be affected by the change.
  
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• Treasurer Jim Chalmers caps super tax breaks for accounts with more than $3 million

  28-02-2023 02:40 via abc.net.au
  
  Treasurer Jim Chalmers will double the tax rates paid by Australians with superannuation account balances worth more than $3 million, in a move he says is about budget sustainability and equity.
  
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• Treasurer caps super tax breaks for multi-million-dollar accounts

  28-02-2023 02:40 via abc.net.au
  
  Treasurer Jim Chalmers will double the tax rates paid by Australians with superannuation account balances worth more than $3 million, in a move he says is about budget sustainability and equity.
  
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