Analyst news

• Live: Wall Street soars, ASX to follow as another US bank to be bailed out with $45 billion

  16-03-2023 21:33 via abc.net.au
  
  A group of banking institutions, including some that were wrapped up in the GFC, is pledging to put $45 billion into First Republic. Wall Street is gaining, with the tech-heavy Nasdaq soaring. Follow it all live here.
  
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• Live: ASX opens slightly higher after another US bank bailed out, rates hiked in Europe despite Credit Suisse turmoil

  16-03-2023 21:33 via abc.net.au
  
  A group of banking institutions — including some that were wrapped up in the GFC — is pledging to put $45 billion into First Republic bank. Wall Street is happy about it and the ASX is set to follow. Meanwhile, Europe's central bank has hiked rates, despite the turmoil with Credit Suisse. Follow it all live here.
  
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• Live: ASX gains after another US bank bailed out, Westpac tips RBA interest rate pause

  16-03-2023 21:33 via abc.net.au
  
  A group of major US banks is pledging to put $45 billion into First Republic bank, while Westpac now expects the RBA to hold fire next month despite Europe's central bank hiking rates. Follow live.
  
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• Live: ASX dips slightly after another US bank bailed out, rates hiked in Europe despite Credit Suisse turmoil

  16-03-2023 21:33 via abc.net.au
  
  A group of banking institutions — including some that were wrapped up in the GFC — is pledging to put $45 billion into First Republic bank. Meanwhile, Europe's central bank has hiked rates, despite the turmoil with Credit Suisse. Follow it all live here.
  
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• Live: Another US bank bailed out with $45 billion, while Europe's central bank hikes rates despite Credit Suisse turmoil

  16-03-2023 21:33 via abc.net.au
  
  A group of banking institutions — including some that were wrapped up in the GFC — is pledging to put $45 billion into First Republic bank. Wall Street is happy about it and the ASX is set to follow. Meanwhile, Europe's central bank has hiked rates, despite the turmoil with Credit Suisse. Follow it all live here.
  
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• ASX gains after another US bank bailed out, Westpac tips RBA interest rate pause — as it happened

  16-03-2023 21:33 via abc.net.au
  
  A group of major US banks is pledging to put $45 billion into First Republic bank, while Westpac now expects the RBA to hold fire next month despite Europe's central bank hiking rates.
  
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• Why this country pub has ripped out its 'antisocial' poker machines

  16-03-2023 21:19 via abc.net.au
  
  Sunshine Coast publican Jessica Huddart has taken the pokies to the tip in order to create a more family-friendly atmosphere.
  
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• This publican has no regrets after sending her pub's pokies to the dump

  16-03-2023 21:19 via abc.net.au
  
  Sunshine Coast publican Jessica Huddart has taken the pokies to the tip in order to create a more family-friendly atmosphere.
  
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• 'I was worried my children would see me die': Witnesses tell court of terror during Canberra Airport shooting

  16-03-2023 21:00 via abc.net.au
  
  Ali Rachid Ammoun, 63, will be sentenced next week after witnesses explained to an ACT court how last year's shooting left them with ongoing trauma.
  
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• Cattle prices have recorded a big drop, so why are steaks still so expensive?

  16-03-2023 20:45 via abc.net.au
  
  After years of record highs, cattle prices in Australia have fallen nearly 40 per cent  but it's unlikely to lead to cheaper steak according to economists.
  
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• Why farmers hate the new tax on 'unrealised gains' on super funds over $3m

  16-03-2023 20:20 via abc.net.au
  
  Part of the federal government's changes to rules around superannuation involves a new tax on "unrealised gains", and it has farmers especially worried. 
  
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• Gas explosion in central Colombian coal mines leaves 21 dead

  16-03-2023 20:17 via abc.net.au
  
  The bodies of 10 miners initially reported missing in the blast are recovered, bringing the total death toll to 21. 
  
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• Centrelink payments increase from Monday, but some Australians are already relocating for a cheaper lifestyle

  16-03-2023 20:04 via abc.net.au
  
  More than 4 million Australians will see their government welfare payments increase next week, but many are already taking drastic measures to reduce their cost of living.
  
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• What happened to The Ocean Cleanup — the system that would rid the oceans of plastic?

  16-03-2023 20:00 via abc.net.au
  
  The Ocean Cleanup, brainchild of young Dutch entrepreneur Boyan Slat, was feted as the beginning of the end for the Great Pacific Garbage Patch. Ten years from its inception, is it any closer to achieving its goal?
  
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• Ni-Vanuatu seasonal workers pay among the world's highest fees to send money home

  16-03-2023 19:50 via abc.net.au
  
  Pacific Australian Labour Mobility scheme worker John Firiam says sending remittances to his wife and five-year-old daughter in Vanuatu is more important than ever after the recent twin cyclones. 
  
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• Credit Suisse and SVB banking crises are 'not a repeat of 2008'

  16-03-2023 19:33 via abc.net.au
  
  The sudden collapse of Silicon Valley Bank and renewed crisis at Credit Suisse are raising fears of another global financial crisis, but most experts agree that we shouldn't worry too much … yet.
  
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• Are we 'looking at the wrong crisis' by focusing on Credit Suisse and Silicon Valley Bank?

  16-03-2023 19:33 via abc.net.au
  
  The sudden collapse of Silicon Valley Bank and renewed crisis at Credit Suisse are raising fears of another global financial crisis, but most experts agree that we shouldn't worry too much … yet.
  
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• TikTok says Biden administration has threatened blanket ban in US if Chinese owners don't sell stakes

  16-03-2023 12:51 via abc.net.au
  
  The Biden administration has demanded that TikTok's Chinese owners divest their stakes in the popular video app or face a possible ban in the United States, the company says.
  
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• Credit Suisse shares soar after announcing central bank aid

  16-03-2023 10:16 via abc.net.au
  
  Credit Suisse's shares soar 30 per cent after announcing it will borrow up to nearly $81 billion from the Swiss central bank.
  
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• Panel knocks back Matilda Bay Brewery site plan

  16-03-2023 08:44 via businessnews.com.au
  
  A $185 million proposal to build an apartment complex at the former Ford Motors and Matilda Bay brewery site in North Fremantle has been unanimously rejected by a state development panel.
  
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• At Close of Business 16 March 2023

  16-03-2023 08:30 via businessnews.com.au
  
  Jordan Murray speaks with senior journalist Matt Mckenzie about why perspective is needed when discussing the issues facing WA's health system.
  
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• Banking concerns spur Aussie gold rally

  16-03-2023 08:28 via businessnews.com.au
  
  The Australian dollar gold price reached a new high overnight in a bellwether of investor sentiment following the collapse of three banks and a potential welcome break for producers battling high costs.
  
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• Defence lawyers grill detective as million-dollar Kalgoorlie gold theft trial continues

  16-03-2023 08:07 via abc.net.au
  
  The head of WA Police's specialist gold stealing squad has faced a grilling from five separate defence teams as the trial enters its eighth day.
  
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• Deconstructed: the fall of Firm

  16-03-2023 08:00 via businessnews.com.au
  
  Documents offer an inside look at the demise of Firm Construction, in the latest instalment of a Business News series.
  
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• North Freo $80m apartments approved

  16-03-2023 07:54 via businessnews.com.au
  
  The Mustera Property Group development received unanimous support at a joint development assessment panel.
  
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• Aust share market plunges again, closing at 10-week low

  16-03-2023 07:54 via businessnews.com.au
  
  The ASX has finished 1.5 per cent lower after banking contagion spread to Europe.
  
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• Tambourah partners with CSIRO

  16-03-2023 07:48 via businessnews.com.au
  
  Tambourah Metals has partnered with the nation’s science agency to develop exploration activities at its lithium project in the Pilbara.
  
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• Developers accused of Aboriginal 'cultural appropriation' to save struggling hotel project

  16-03-2023 07:44 via abc.net.au
  
  A controversial hotel development in Tasmania will now include a floor dedicated to the area's Indigenous past — but Aboriginal people say it's not their story to tell.
  
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• Julie wanted to use her late husband’s Frequent Flyer points to see her grandchildren but they'd been cancelled

  16-03-2023 07:10 via abc.net.au
  
  Months after Julie Jenner's husband died, she tried to access the Qantas Frequent Flyer points the couple had collectively accumulated. But as per a clause in the fine print, the points had already been cancelled.
  
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• Great Southern farm sells for $7.5m

  16-03-2023 07:02 via businessnews.com.au
  
  The 227-hectare Kalgan property sold to cattle farmers Wayne and Mandy Tapscott.
  
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• Blue Room Theatre director resigns

  16-03-2023 06:28 via businessnews.com.au
  
  The Blue Room Theatre's executive director Katt Osborne has called time at the helm of the independent arts organisation after three years in the role.
  
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• Latitude Financial is the latest company to be hacked. Tell us your story

  16-03-2023 06:07 via abc.net.au
  
  Latitude Financial is just the latest high-profile company in Australia to be targeted by hackers. Have you been impacted by this latest cyber attack?
  
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• Qantas group extends deadline for $800 million in outstanding COVID credits

  16-03-2023 06:04 via abc.net.au
  
  The Qantas group extends it deadline for customers to use COVID credits, a scheme which has been criticised by CHOICE and contributed to the airline earning its shonky award. 
  
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• Qantas extends deadline for 'clearly unfair' COVID credits

  16-03-2023 06:04 via abc.net.au
  
  The Qantas group extends it deadline for customers to use COVID credits, a scheme which has been criticised by CHOICE and contributed to the airline earning its shonky award. 
  
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• Jutland Parade lot owner sues Nedlands councillor

  16-03-2023 06:00 via businessnews.com.au
  
  One of the owners of a Jutland Parade lot, who was entangled in a dispute over an unlevelled verge, is suing a City of Nedlands councillor for defamation.
  
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• Myer to shut its doors on Brisbane's Queen Street Mall after 35 years

  16-03-2023 05:37 via abc.net.au
  
  Myer opened at the location in 1988 and with the end of the lease will come a new name for centre.
  
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• SRG wins $50m contracts

  16-03-2023 05:13 via businessnews.com.au
  
  SRG Global has locked in $50 million worth of contracts for a suite of infrastructure work across the WA resources industry.
  
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• Response to Crown inquiry detailed

  16-03-2023 05:00 via businessnews.com.au
  
  Regulation of Crown’s Perth operations will be overhauled in line with the Royal Commission’s suggestions, but the government has declined to act on several of the inquiry’s proposed reforms.
  
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• More than a week after this train derailed, it is still blocking the railway line

  16-03-2023 04:46 via abc.net.au
  
  The clean-up of derailed train wreckage north of Wagga Wagga has yet to begin more than a week after a level crossing collision between a train and a grain truck.
  
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• This coal powered plant was supposed to close in 2029 - its new European owners aren't so sure

  16-03-2023 04:40 via abc.net.au
  
  Sev.en Global Investments acquired the plant last year and says Australia's power requirements are at risk in terms of capacity.
  
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• This coal-fired plant is supposed to close in 2029. Its new European owners aren't so sure

  16-03-2023 04:40 via abc.net.au
  
  Sev.en Global Investments acquired the plant last year and says Australia's power requirements are at risk in terms of capacity.
  
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• Dairy processor rakes in $70m amid shrinking milk supply, ballooning expenses

  16-03-2023 03:12 via abc.net.au
  
  Fonterra Australia has managed to rake in millions in the past six months, despite a difficult market backdrop. The company has ruled out further consolidations, and flagged the release of next season's farmgate prices.
  
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• GDI boss resigns

  16-03-2023 02:58 via businessnews.com.au
  
  GDI Property Group’s long-standing chief executive Steve Gillard has stepped down from leading the company.
  
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• Unemployment rate falls back to 3.5 per cent

  16-03-2023 02:26 via businessnews.com.au
  
  Fresh labour market data shows the unemployment rate falling back to 3.5 per cent, with 65,000 jobs added.
  
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• Bat-linked blackouts on the rise as SA flying fox colony expands

  16-03-2023 02:02 via abc.net.au
  
  SA Power Networks says dozens of blackouts last year linked to Adelaide's growing bat colony left more than 100,000 homes and businesses in the dark, and is warning of further power cuts in coming weeks.
  
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• ​​​​​​​Latitude Financial hit by cyber attack, more than 300,000 identity documents stolen

  16-03-2023 01:48 via abc.net.au
  
  Buy now, pay later and finance company Latitude has revealed hackers have stolen more than 300,000 personal identity documents.
  
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• 'Ecological threat' closes 70 per cent of world-heritage-listed Lord Howe Island

  16-03-2023 01:39 via abc.net.au
  
  The majority of land on Lord Howe Island has been temporarily closed to all non-essential visitors due to the escalating risk of the highly transferable myrtle rust. 
  
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• Reserve Bank set to 'press ahead' with rate hike as jobs growth surges, unemployment falls

  16-03-2023 01:36 via abc.net.au
  
  A strong bounce in jobs last month will maintain pressure on the Reserve Bank to keep increasing official interest rates, despite global banking jitters.
  
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• 'Red hot' jobs bounce keeps pressure on for April interest rate rise

  16-03-2023 01:36 via abc.net.au
  
  A strong bounce in jobs last month will maintain pressure on the Reserve Bank to keep increasing official interest rates, despite global banking jitters.
  
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• Five Quentin Tarantino movies to watch ahead of his final film

  16-03-2023 01:13 via abc.net.au
  
  The writer-director — who also often appears in his own films — is making his 10th and final film, called The Movie Critic. So, here are five Tarantino movies to watch ahead of his final release and where to see them.
  
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