Analyst news

• Live: Wall St falls on weak economic data, RBA's financial stability review ahead

  05-04-2023 23:31 via abc.net.au
  
  The Nasdaq drops 1 per cent as data shows US firms are hiring fewer workers than expected. The ASX is expected to fall at the open. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: ASX wobbles after overseas falls, RBA's financial stability review ahead

  05-04-2023 23:31 via abc.net.au
  
  The local market struggles for direction. The Nasdaq drops 1 per cent as data shows US firms are hiring fewer workers than expected. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: ASX down, RBA says banks, households resilient but some pockets of stress

  05-04-2023 23:31 via abc.net.au
  
  The local market struggles for direction. The Nasdaq drops 1 per cent as data shows US firms are hiring fewer workers than expected. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• ASX falls, RBA says banks, households resilient but some pockets of stress

  05-04-2023 23:31 via abc.net.au
  
  The local share market has snapped its eight-session winning streak but still managed a gain for the week. Here's how the day's events unfolded, with insights from our business reporters.
  
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• The term 'petrochemicals' was removed from government websites. These emails show who did it

  05-04-2023 22:45 via abc.net.au
  
  Emails obtained by the ABC show staff in the NT Chief Minister's department were tasked with removing the term "petrochemicals" from official websites about a taxpayer-funded industrial hub.
  
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• Review finds former government ignored Inland Rail advice amid cost blow-out of $31 billion

  05-04-2023 21:51 via abc.net.au
  
  Australia needs an inland rail, but a new report finds advice was ignored, the board does not have the "skills required", and there has been an "astonishing" cost blow-out of $31.4 billion.
  
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• Previous government ignored advice, let Inland Rail cost blow out to an 'astonishing' $31b

  05-04-2023 21:51 via abc.net.au
  
  Australia needs an inland rail, but a new report finds advice was ignored, the board does not have the "skills required", and there has been an "astonishing" cost blow-out of $31.4 billion.
  
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• Groceries, food most common 'buy now, pay later' items

  05-04-2023 21:24 via abc.net.au
  
  Tasmanians struggling with cost of living increases are increasingly using 'by now, pay later' services for essentials like food and groceries. 
  
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• 'Debt spiral' worsens after 'big shift' in use of buy now, pay later schemes for everyday essentials

  05-04-2023 21:24 via abc.net.au
  
  Tasmanians struggling with cost of living increases are increasingly using 'by now, pay later' services for essentials like food and groceries. 
  
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• Buy now, 'struggle later' schemes catching young women, family violence survivors

  05-04-2023 21:24 via abc.net.au
  
  A worrying picture is emerging for Tasmanians struggling with cost of living increases, with many young women and family violence survivors using 'by now, pay later' services for essentials like food and groceries.
  
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• 'People are actually suffering': Why single women like Donna Ward feel invisible

  05-04-2023 21:00 via abc.net.au
  
  Being single means disadvantages when it comes to mortgages, superannuation, home ownership, retirement and more. Donna Ward calls it the 'singlehood penalty'.
  
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• If you're older, female and single, you could be experiencing the 'singlehood penalty'

  05-04-2023 21:00 via abc.net.au
  
  Being single means disadvantages when it comes to mortgages, superannuation, home ownership, retirement and more. Donna Ward calls it the 'singlehood penalty'.
  
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• Donna Ward cops a 'singlehood penalty', and she's on a mission to get more people talking about it

  05-04-2023 21:00 via abc.net.au
  
  Being single means disadvantages when it comes to mortgages, superannuation, home ownership, retirement and more. Donna Ward calls it the 'singlehood penalty'.
  
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• The Reserve Bank calls for urgent increase in housing as rental crisis grips the nation

  05-04-2023 19:57 via abc.net.au
  
  Analysts say open borders and increased migration have driven demand for real estate – and increases in rental prices.
  
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• '100 per cent, we've got a rental crisis': Renters among hardest-hit by nationwide housing shortage

  05-04-2023 19:57 via abc.net.au
  
  Analysts say open borders and increased migration have driven demand for real estate – and increases in rental prices.
  
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• '100 per cent we’ve got a rental crisis', as recent price hikes produce record rents across the nation

  05-04-2023 19:57 via abc.net.au
  
  Analysts say open borders and increased migration have driven demand for real estate – and increases in rental prices.
  
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• Celebrity crocodile wrangler Matt Wright's lawyers seek more information on charges over fatal helicopter crash

  05-04-2023 12:37 via abc.net.au
  
  Wright's defence team has returned to court seeking more information over the charges he is facing over a helicopter crash that killed his friend Chris 'Willow' Wilson, including a toxicology report of the chopper pilot.
  
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• Karma Group revives Margaret River resort plans

  05-04-2023 09:56 via businessnews.com.au
  
  The international luxury accommodation group formerly behind Rottnest Lodge has brought a $20 million plan for a resort in Margaret River back to life, two decades on from acquiring the site.
  
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• Perth Mint remains on London Bullion Market Association's 'good delivery' list after incident review

  05-04-2023 09:49 via abc.net.au
  
  Experts describe the outcome of a review into the Perth Mint's protocols for combating money laundering and terrorism financing as "very good news" for the state-backed refinery. 
  
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• Australian shares tip into the green at the close

  05-04-2023 09:46 via businessnews.com.au
  
  The Australian Securities Exchange has rallied to continue its win streak after tipping into the green at the close.
  
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• At Close of Business April 5 2023

  05-04-2023 09:45 via businessnews.com.au
  
  Matt Mckenzie and Mark Beyer discuss Western Australia’s 50 most influential people. Plus: Tourism spending, referendum and CBD office vacancies.
  
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• Hofmann Engineering, Flanders in alliance

  05-04-2023 09:16 via businessnews.com.au
  
  Bassendean business Hofmann Engineering has signed a memorandum with global engineering company Flanders to combine resources to produce electro-mechanical mining haul trucks.
  
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• London association clears Perth Mint

  05-04-2023 08:46 via businessnews.com.au
  
  The Perth Mint has kept its spot on the London Bullion Market Association’s ‘good delivery list’ following an investigation launched into the organisation's historical conduct.
  
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• Economy benefits from $14bn tourism spend

  05-04-2023 08:07 via businessnews.com.au
  
  Travellers to Western Australia spent a record $14 billion in 2022 signalling a return to pre-pandemic economic activity.
  
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• CBD office vacancy rate to decline

  05-04-2023 07:46 via businessnews.com.au
  
  The vacancy rate of the Perth CBD office market has declined and will continue to dip amid limited supply, a Knight Frank Australia research report has found.
  
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• Iconic outback pub saved from closure after drilling magnate cuts off bore access

  05-04-2023 07:31 via abc.net.au
  
  The owners of the Mungerannie Hotel on the Birdsville Track will now truck in 13,000 litres of water every day, after being told they can no longer use a nearby bore.
  
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• Online retailer Book Depository is closing. Here's what we know about the decision

  05-04-2023 07:03 via abc.net.au
  
  The online book seller announces its closure on social media, saying it will still honour orders placed in the coming weeks.
  
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• Setback for Wellcamp Airport, touted as a national spaceport, as Virgin Orbit announces bankruptcy

  05-04-2023 06:26 via abc.net.au
  
  A US company that was due to launch rockets from Queensland files for bankruptcy, dealing a blow to a regional airport that was selected to be a base. 
  
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• Final panels installed at Queensland solar farm spruiked as nation's largest

  05-04-2023 06:26 via abc.net.au
  
  Construction is completed on a massive solar farm on Queensland's Western Downs, which has the capacity to power the equivalent of 235,000 homes.
  
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• Botanix to raise $10m

  05-04-2023 06:13 via businessnews.com.au
  
  Botanix Pharmaceuticals has secured commitments from investors to raise $10 million through a placement to develop its leading product.
  
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• Contract win to upgrade Kimberley bridges

  05-04-2023 05:42 via businessnews.com.au
  
  Malaga-based Fortec Australia has been awarded a $33 million contract from the state and federal governments to upgrade hazardous bridges in the Kimberley.
  
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• Ausgold secures $12m for Katanning project

  05-04-2023 05:29 via businessnews.com.au
  
  Investors have backed Ausgold’s $12 million placement to continue the expansion of the Perth-based explorer’s Katanning gold project in the state's south west region.
  
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• Telstra says decision to start charging for paper bills is good for environment

  05-04-2023 04:40 via abc.net.au
  
  Telstra becomes the latest company to start charging for paper bills, but says there are exemptions to its new $2.20 fee for paper bills.
  
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• The RBA is pausing rate hikes to 'take the pulse of the economy'. What will it find?

  05-04-2023 04:31 via abc.net.au
  
  The Reserve Bank boss warns households to brace for more interest rate rises, especially if businesses keep putting up prices or workers demand bigger pay rises.
  
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• RBA boss Lowe says pause 'does not imply that interest rate increases are over'

  05-04-2023 04:31 via abc.net.au
  
  The Reserve Bank boss warns households to brace for more interest rate rises, especially if businesses keep putting up prices or workers demand bigger pay rises.
  
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• Single parents, women flagged for more budget support

  05-04-2023 04:16 via businessnews.com.au
  
  The federal government is targeting budget support measures at specific groups as it looks to balance competing priorities.
  
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• 'Vietnam was overlooked': Experts reflect on Australia-Vietnam ties 50 years after withdrawal from Vietnam war

  05-04-2023 02:11 via abc.net.au
  
  The governor-general is in Vietnam at the invitation of President Vo Van Thuong to mark 50 years of diplomatic relations between Australia and Vietnam, and human rights groups are calling on him to raise the plight of political prisoners in the communist South-East Asian nation.
  
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• 'An elderly Australian is languishing in a Vietnamese jail': Family's plea during governor-general's overseas visit

  05-04-2023 02:11 via abc.net.au
  
  The governor-general is in Vietnam at the invitation of President Vo Van Thuong to mark 50 years of diplomatic relations between Australia and Vietnam, and human rights groups are calling on him to raise the plight of political prisoners in the communist South-East Asian nation.
  
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• Servo chain OTR to be sold for $1.15 billion in move to 'replace' Coles Express across 700 sites

  05-04-2023 02:02 via abc.net.au
  
  Petrol and diesel supplier Viva Energy strikes an agreement to buy the OTR Group from Peregrine Corporation — owners of OTR convenience stores and petrol stations. 
  
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• Lobster fishers call for cargo ships to be restricted to deeper waters off WA

  05-04-2023 01:10 via abc.net.au
  
  Operators in WA's Western Rock Lobster fishery say they are losing significant amounts of catch and equipment due to cargo ships straying from established shipping lanes. 
  
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• Rental squeeze getting worse as vacancy rates tighten

  05-04-2023 00:47 via businessnews.com.au
  
  New data shows fewer rental homes are available for tenants with prices rising nationally in the first three months of the year.
  
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• The WA leaders driving change

  05-04-2023 00:41 via businessnews.com.au
  
  Our annual update of WA’s 50 most influential people analyses those using their role and profile to make a difference.
  
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• More Queenslanders forced into shared households as rental vacancies remain near record lows

  05-04-2023 00:00 via abc.net.au
  
  The current market has forced people into larger or shared households as new property data reveals rent in Brisbane increased by 12.3 per cent in the last year.
  
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