Analyst news

• Strong jobs data pushes ASX down further, as traders bet on more RBA hikes — as it happened

  12-04-2023 23:29 via abc.net.au
  
  The Australian share market took a further downward tumble on Thursday, to end the day down, as traders bet on more interest rate hikes from the Reserve Bank of Australia after the unemployment rate remained steady in March. Read how it all happened.
  
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• Live: Jobless rate expected to creep up for March, ASX edges down ahead of announcement

  12-04-2023 23:29 via abc.net.au
  
  Economists predict that a slowdown in hiring over March could see the official unemployment rate edge higher from 3.5 per cent in February to 3.6 per cent last month.
  
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• Live: Federal Reserve expects mild recession in US, US inflation slightly higher, Wall Street falls

  12-04-2023 23:29 via abc.net.au
  
  US stocks fall as Federal Reserve warns the banking crisis could spur a recession and inflation rises again. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: ASX stabilises following jobs figures, banknote giant hit by dramatic fall in demand for cash

  12-04-2023 23:29 via abc.net.au
  
  Australia's jobless rate remained unchanged in March at 3.5 per cent, according to the Bureau of Statistics, while shares in the world's biggest banknote producer fell to a record low after warnings its profit could be hit by the lowest demand for cash in two decades. Follow live.
  
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• Live: ASX slips further following jobs figures as traders bet on more RBA hikes

  12-04-2023 23:29 via abc.net.au
  
  The Australian share market resumes its selling as traders bet on more interest rate hikes from the Reserve Bank after the unemployment rate remained steady in March. Follow live.
  
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• One Australian has a HECS debt of more than $700,000. So what are the solutions to spiralling student debts?

  12-04-2023 22:03 via abc.net.au
  
  A push from the Greens to abolish indexing on HELP debt (formally known as HECS) comes as more than 3 million graduates face up to a 7 per cent hike on their debt this June due to spiking inflation.
  
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• 'A scam and a rip-off': Submissions reveal spiralling student debt, with senate report about to be tabled

  12-04-2023 22:03 via abc.net.au
  
  A push from the Greens to abolish indexing on HELP debt (formally known as HECS) comes as more than 3 million graduates face up to a 7 per cent hike on their debt this June due to spiking inflation.
  
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• 'A scam and a rip-off': Submissions reveal spiralling HECS debt as Greens call for indexation pause

  12-04-2023 22:03 via abc.net.au
  
  A push from the Greens to abolish indexing on HELP debt (formally known as HECS) comes as more than 3 million graduates face up to a 7 per cent hike on their debt this June due to spiking inflation.
  
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• Sharmy turned to an app for help paying a vet bill. It led to 'anxiety, stress and existential dread'

  12-04-2023 22:01 via abc.net.au
  
  When Sharmy Walker was hit with a huge vet bill, she turned to a new type of fast-money app to help cover it. Now, she says she's trapped in a "vicious cycle" of debt.
  
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• Need to be paid before payday? There's an app for that — but finance gurus urge caution

  12-04-2023 22:01 via abc.net.au
  
  When Sharmy Walker was hit with a huge vet bill, she turned to a new type of fast-money app to help cover it. Now, she says she's trapped in a "vicious cycle" of debt.
  
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• 'How easy it is, that's really the worst': Why Sharmy regrets turning to an app to help pay the bills

  12-04-2023 22:01 via abc.net.au
  
  When Sharmy Walker was hit with a huge vet bill, she turned to a new type of fast-money app to help cover it. Now, she says she's trapped in a "vicious cycle" of debt.
  
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• Sparks fly as energy experts call plans for transmission projects 'monumental mistake'

  12-04-2023 21:44 via abc.net.au
  
  Energy experts call on state and federal governments and AEMO to scrap major projects planned for Victoria, warning they will lead to higher bills and greater blackout and bushfire risks. 
  
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• Slimy, bitter, salty, and potentially unsafe: In Walgett, people with some health conditions can't drink the water

  12-04-2023 20:20 via abc.net.au
  
  Welcome to Walgett, where bottled water can be more expensive than Coke, and Indigenous residents go to bed thirsty.
  
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• 'It's filth, it stinks': The town where people won't drink from the tap 

  12-04-2023 20:20 via abc.net.au
  
  Welcome to Walgett, where bottled water can be more expensive than Coke, and Indigenous residents go to bed thirsty.
  
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• 'Going to bed thirsty': The Australian town with water insecurity worse than Bangladesh

  12-04-2023 20:20 via abc.net.au
  
  Welcome to Walgett, where bottled water can be more expensive than Coke, and Indigenous residents go to bed thirsty.
  
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• In Solomon Islands it costs '$9000 a month' to run an ice machine — welcome to the world's most expensive electricity

  12-04-2023 20:15 via abc.net.au
  
  Solomon Islands has the world's most expensive electricity. And one leader says it's keeping them "in the Dark Ages".
  
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• Elon Musk says owning Twitter 'painful' but needed to be done

  12-04-2023 16:43 via abc.net.au
  
  Billionaire Elon Musk tells the BBC that running Twitter has been "quite painful" but that the social media company is now roughly breaking even after he acquired it late last year.
  
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• Review announced after more cost blowouts on Sydney's new metro train network revealed

  12-04-2023 16:01 via abc.net.au
  
  The Minns government is inspecting the state's books, and claims the former Coalition government hid the true cost and timeline for several stages of the driverless train network.
  
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• More cost blowouts on Sydney's new metro train network revealed

  12-04-2023 16:01 via abc.net.au
  
  The Minns government is inspecting the state's books, and claims the former Coalition government hid the true cost and timeline for several stages of the driverless train network.
  
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• Major changes not ruled out after cost blowouts on Sydney's new metro network revealed

  12-04-2023 16:01 via abc.net.au
  
  The Minns government is inspecting the state's books, and claims the former Coalition government hid the true cost and timeline for several stages of the driverless train network.
  
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• 'Fyre Festival II' is 'finally happening', says music festival founder after release from prison

  12-04-2023 13:12 via abc.net.au
  
  After his 2017 music festival collapsed on its opening weekend, leaving attendees stranded and starving on a remote island with no musical performances, Billy McFarland says he wants to have another go at running the event.
  
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• 'There can be no doubt it's significant': Chinese and Australian officials meet for high-level talks

  12-04-2023 11:12 via abc.net.au
  
  Ma Zhaoxu, the vice minister of foreign affairs, met with DFAT secretary Jan Adams in Canberra to discuss topics the countries rarely see eye-to-eye on.
  
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• Chinese and Australian officials discuss 'contentious' topics during 'significant' high-level talks

  12-04-2023 11:12 via abc.net.au
  
  Ma Zhaoxu, the vice minister of foreign affairs, met with DFAT secretary Jan Adams in Canberra to discuss topics the two countries rarely see eye-to-eye on.
  
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• Waiting game: 21,500 homes under construction

  12-04-2023 10:08 via businessnews.com.au
  
  The number of houses in the construction stage in Western Australia has hit another record high, with 21,524 buyers waiting for completion of their new homes.
  
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• At Close of Business 12 April 2023

  12-04-2023 10:04 via businessnews.com.au
  
  Jordan Murray speaks with senior journalist Matt Mckenzie about his recent coverage on the subject of freight network resilience.
  
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• Mining and tech sectors lift ASX to five-week high

  12-04-2023 10:03 via businessnews.com.au
  
  Australian stocks gained ground by the close on Wednesday despite a mixed session on Wall Street ahead of critical US inflation data.
  
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• Gas boom fuels Chevron profit

  12-04-2023 09:24 via businessnews.com.au
  
  Chevron Australia’s profit more than tripled to $12 billion in 2022.
  
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• JLL unveils WA industrial team

  12-04-2023 09:19 via businessnews.com.au
  
  Former Charter Hall leader Matt Brunsdon will head JLL’s logistics and industrial sector team following the exit of several members to Cushman & Wakefield.
  
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• Density not such a dirty word

  12-04-2023 09:02 via businessnews.com.au
  
  DEVELOPMENT in existing suburbs, a practice known as infill, is an issue the Perth region has long grappled with.
  
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• International flights returning to Canberra as Fiji Airways prepares direct route

  12-04-2023 08:40 via abc.net.au
  
  Canberrans will be able to fly directly to Fiji for the first time in almost 20 years, with details of the route to be unveiled on Friday.
  
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• Pyne to lead St John of God

  12-04-2023 08:31 via businessnews.com.au
  
  St John of God Health Care has announced Bryan Pyne as the healthcare provider’s permanent chief executive.
  
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• Willing Group’s Mt Lawley apartments approved

  12-04-2023 07:44 via businessnews.com.au
  
  Willing Property has secured another Mount Lawley project after a development panel green-lit its eight-storey apartment proposal today.
  
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• Go-ahead for Willing Group Mt Lawley apartments

  12-04-2023 07:44 via businessnews.com.au
  
  Willing Property has secured another Mount Lawley project after a development panel approved its eight-storey apartment proposal today.
  
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• Santos apologises and removes image of Aboriginal elder from its website

  12-04-2023 07:22 via abc.net.au
  
  Oil and gas company Santos has apologised to an Adelaide Aboriginal elder, who has asked to remove his image from its corporate materials in protest at the company's treatment of Indigenous people.
  
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• Aboriginal elder condemns 'bloody cheeky' Santos for including him in corporate video

  12-04-2023 07:22 via abc.net.au
  
  Adelaide Aboriginal elder Major "Moogy" Sumner has written to gas giant Santos asking for a public apology, saying he did not give consent for his image to be used in a promotional video played at the company's heated Annual General Meeting.
  
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• Victorian residents forced to boil water over safety fears after main bursts

  12-04-2023 07:20 via abc.net.au
  
  Businesses and residents in Kyneton and Malmsbury, in the Macedon Ranges, are boiling water to drink and cook with after a burst main causes contamination fears.
  
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• WA nurses' union agrees to pay potential $350,000 fine for staging major strike

  12-04-2023 06:58 via abc.net.au
  
  The union agrees to accept a potential $350,000 fine after "flagrantly" disregarding orders not to strike at parliament house, but the final figure still needs to be approved by the Industrial Relations Commission.
  
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• Parties agree on $350,000 fine for WA nurses' union after major strike — far short of maximum $36 million penalty

  12-04-2023 06:58 via abc.net.au
  
  The union agrees to accept a potential $350,000 fine after "flagrantly" flouting orders not to strike at parliament house, but the final figure still needs to be approved by the Industrial Relations Commission.
  
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• 'Inexperienced leadership': Minister says it's time to move on after WA nurses' union agrees to pay $350,000 fine

  12-04-2023 06:58 via abc.net.au
  
  The union agrees to accept a potential $350,000 fine after "flagrantly" flouting orders not to strike at parliament house, but the final figure still needs to be approved by the Industrial Relations Commission.
  
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• Sydney bus providers earn bonuses by cancelling services to meet 'on-time' targets

  12-04-2023 06:48 via abc.net.au
  
  New Transport Minister Jo Haylen says 28,000 services were cancelled in August last year alone under contracts with the former government — some of which are 10 years long.
  
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• EY scraps proposed split

  12-04-2023 06:40 via businessnews.com.au
  
  EY has halted the planned separation of its audit and consulting practices after divisions emerged over the proposed carve-up, particularly in the United States.
  
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• MinRes energy boss makes exit

  12-04-2023 06:34 via businessnews.com.au
  
  Mineral Resources’ Shelley Robertson will leave the company’s budding energy division ahead of a merger with Norwest Energy, coinciding with some disappointing results out of the Perth Basin.
  
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• Australian housing risks a 'wave of defaults' as IMF slashes global and local economic outlook

  12-04-2023 06:17 via abc.net.au
  
  The International Monetary Fund says Australia has one of the greatest risks of mortgage defaults in the world, as it warns of a significant downturn in global economic growth for the year ahead.
  
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• Floods bring freight in focus

  12-04-2023 05:48 via businessnews.com.au
  
  Flooding in the Kimberley has affected the community and highlighted the argument for freight network resilience.
  
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• Perth weakest in house price growth

  12-04-2023 05:27 via businessnews.com.au
  
  The rate of median house price growth in Perth over the past two decades has been ranked the lowest out of other Australian capital cities, a research report shows.
  
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• Family of girl killed in Broome chopper crash calls for crackdown as ATSB finds deaths were 'unnecessary'

  12-04-2023 05:08 via abc.net.au
  
  The family of a 12-year-old girl killed in a helicopter crash in Broome three years ago calls for drastic changes to the regulation of tourist flights after a scathing report.
  
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• Family of girl killed in Broome chopper crash calls for aviation crackdown as ATSB finds deaths were 'unnecessary'

  12-04-2023 05:08 via abc.net.au
  
  The family of a 12-year-old girl killed in a helicopter crash in Broome three years ago calls for drastic changes to the regulation of tourist flights after a scathing report.
  
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• It's 2023 but the lights go out in this semi-rural WA community despite power network upgrades

  12-04-2023 04:32 via abc.net.au
  
  People living in the once-sleepy estuary community of Dawesville have been impacted by power outages for years due to growing pressure on the system.
  
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• Tupperware Brands risk stock exchange delisting following COVID pandemic resurgence

  12-04-2023 02:56 via abc.net.au
  
  Tupperware Brands is pursuing investors to keep it afloat and is in danger of being delisted by the New York Stock Exchange.
  
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• Australia 'not immune' from global economic malaise

  12-04-2023 02:39 via businessnews.com.au
  
  Despite a downbeat economic forecast, Australia should weather the worst of a weak international outlook due to low unemployment and high commodity prices.
  
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