Analyst news

• Chinese tourism is at one-fifth what it was in 2019, and COVID-19 isn't to blame

  17-04-2023 23:59 via abc.net.au
  
  After three years of struggle and anticipation, the widely expected wave of returning Chinese tourists Down Under has turned out to be a trickle.
  
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• Live: ASX set to slip as global markets mixed, RBA minutes ahead

  17-04-2023 23:19 via abc.net.au
  
  Local stocks could fall despite gains on Wall Street. Meeting minutes will provide insight into the RBA's decision to pause rate hikes in April. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
  
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• Live: ASX opens lower as global markets mixed, RBA minutes ahead

  17-04-2023 23:19 via abc.net.au
  
  Local stocks fall despite gains on Wall Street. Meeting minutes will provide insight into the RBA's decision to pause rate hikes in April. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
  
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• Live: ASX opens lower as global markets mixed, RBA considered rate hike this month

  17-04-2023 23:19 via abc.net.au
  
  Local stocks fall despite gains on Wall Street. Meeting minutes provide insight into the RBA's decision to pause rate hikes in April. 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, rate hike now seen as 'live' prospect in May

  17-04-2023 23:19 via abc.net.au
  
  Local stocks fall despite gains on Wall Street. Meeting minutes provide insight into the RBA's decision to pause rate hikes in April. Follow the day's events and insights from our business reporters on the ABC News live markets blog. Read all about it as it happens.
  
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• ASX falls, rate hike now seen as 'live' prospect in May — as it happened

  17-04-2023 23:19 via abc.net.au
  
  Local stocks fall despite gains on Wall Street. Meeting minutes provide insight into the RBA's decision to pause rate hikes in April. Here's how the day's events unfolded on the ABC News markets blog.
  
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• Unscripted plane crash caught on camera left thriller film crew horrified

  17-04-2023 22:43 via abc.net.au
  
  Alexander Whitrow's debut film Roadkill is a thriller rather than a horror movie — but things took an unexpected turn during filming when his uncle was involved in a light plane crash.
  
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• Welcome to Australia's takeaway alcohol capital, where liquor is sold at the local corner store

  17-04-2023 22:38 via abc.net.au
  
  The Northern Territory government is offering to buy back takeaway alcohol licences in an effort to reduce alcohol-related violence. With takeaway alcohol an integral part of some small businesses, one owner says he's considering the government's offer.
  
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• Neville's shop is one of 74 takeaway liquor outlets in Darwin. He's considering the government's buy-back offer 

  17-04-2023 22:38 via abc.net.au
  
  The Northern Territory government is offering to buy back takeaway alcohol licences in an effort to reduce alcohol-related violence. With takeaway alcohol an integral part of some small businesses, one owner says he's considering the government's offer.
  
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• Commuters in Melbourne's north face biggest train delays in the state

  17-04-2023 22:12 via abc.net.au
  
  Data from the past year reveals more than 10 per cent of services on Melbourne's Craigieburn line were not on time, while 3 per cent of trains on the Pakenham line were cancelled altogether.
  
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• Is this packaging made from plastic from the ocean? A complaint to the watchdog says probably not

  17-04-2023 22:10 via abc.net.au
  
  More consumer products are claiming to be made from recycled ocean or ocean-bound plastics, but green groups say the claims are difficult to prove and may be misleading consumers.
  
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• Motor industry urges government to impose 'ambitious' emissions on car makers

  17-04-2023 22:00 via abc.net.au
  
  For years, car manufacturers have been in the unusual position of asking to be regulated on their carbon emissions. Now the motor industry says its latest figures show room for the government to be "ambitious", as it considers imposing a CO2 standard.
  
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• Motor industry asks government to impose tougher emissions rules on its own car makers

  17-04-2023 22:00 via abc.net.au
  
  It is unusual for an industry to repeatedly ask to be regulated by the government — but that has been the case for car manufacturers for years. Now the motor industry says its latest figures show room for the government to be "ambitious" as it considers imposing a CO2 standard.
  
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• Air France, Airbus cleared over crash that killed 228

  17-04-2023 15:18 via abc.net.au
  
  Airbus and Air France are cleared of "involuntary manslaughter," almost 14 years after an airliner ploughed into the Atlantic en route from Rio de Janeiro to Paris.
  
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• 'That should shock all of us': major consulting firm forecasts 'consumer recession' for 2023

  17-04-2023 14:48 via abc.net.au
  
  A major consulting firm forecasts a 'consumer recession' in 2023, warning hundreds of thousands of Australian households are bleeding cash every month.
  
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• Australia is headed for a 'consumer recession' in 2023 – what does that mean?

  17-04-2023 14:48 via abc.net.au
  
  A major consulting firm forecasts a 'consumer recession' in 2023, warning hundreds of thousands of Australian households are bleeding cash every month.
  
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• Former property promoter jailed for scamming millions of dollars from pensioners

  17-04-2023 10:55 via abc.net.au
  
  A former Gold Coast property promoter who scammed investors, including pensioners, through a cold-calling scheme is jailed for more than eight years.
  
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• At Close of Business April 17 2023

  17-04-2023 10:22 via businessnews.com.au
  
  Matt Mckenzie and Mark Pownall discuss payroll tax and GST distribution. Plus: Petroleum tax, R.M. Williams and record scams.
  
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• Australian shares move higher, hit two-month high

  17-04-2023 09:44 via businessnews.com.au
  
  The ASX has finished up 0.3 per cent to close at its best level since February 16 after gaining ground for 10 out of the past 12 sessions.
  
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• Pentanet to raise $6m

  17-04-2023 09:42 via businessnews.com.au
  
  Cloud Gaming platform provider Pentanet is set to raise more than $6 million to fund telecommunications infrastructure upgrades to grow its services.
  
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• AVZ’s lithium dispute deepens

  17-04-2023 09:42 via businessnews.com.au
  
  AVZ Minerals has launched arbitration proceedings against its project partner, a state-owned entity in the Democratic Republic of Congo, in the latest development of an ongoing ownership dispute.
  
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• Chalmers signals move on petroleum tax

  17-04-2023 09:18 via businessnews.com.au
  
  Treasurer Jim Chalmers has signalled the federal government will tighten the Petroleum Resource Rent Tax to bring in more revenue after Treasury completed a major review.
  
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• ARTS REVIEW: WAAPA cooks up a killer finish

  17-04-2023 09:07 via businessnews.com.au
  
  Dark and demonic, Sweeney Todd is also hugely entertaining. The musical rounds out the first season from WAAPA’s graduating classes in terrific style, writes an enthralled David Zampatti.
  
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• R.M Williams to open at Fiveight’s OneNinety

  17-04-2023 08:52 via businessnews.com.au
  
  Andrew Forrest-owned boot retailer R.M Williams will open a flagship store in the OneNinety building as a $10 million redevelopment of the precinct nears completion.
  
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• Investors want 'sensible' consolidation, says Finlayson

  17-04-2023 08:34 via businessnews.com.au
  
  Genesis Minerals shares have risen sharply on the back of a recut deal to acquire St Barbara’s Leonora assets without taking on the miner’s Canadian and Papua New Guinea operations.
  
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• Investors want ‘sensible’ consolidation: Finlayson

  17-04-2023 08:34 via businessnews.com.au
  
  Genesis Minerals shares have risen sharply on the back of a revised deal to acquire St Barbara’s Leonora assets without taking on the miner’s Canadian and Papua New Guinea operations.
  
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• Singular Health boss resigns, strategic review launched

  17-04-2023 08:33 via businessnews.com.au
  
  Singular Health's boss Thomas Hanly has resigned and the company's co-founder has been appointed to the role and will undertake a strategic review.
  
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• Major housing development in the heart of 'Koalatown' gets go ahead for next stage

  17-04-2023 08:07 via abc.net.au
  
  Thousands more homes are set to be built south of Sydney, sparking concerns for the koala population.
  
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• Major housing development in the heart of 'Koalatown' gets council approval

  17-04-2023 08:07 via abc.net.au
  
  Campbelltown City Council has given the tick of approval to developer Lendlease to proceed with the next stage of a controversial housing development south-west of Sydney.
  
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• Perenti secures $90m contract

  17-04-2023 07:42 via businessnews.com.au
  
  Mining services group Perenti has secured a $90 million contract extension for underground exploration at Newcrest Mining’s gold and copper project in Canada.
  
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• Record $3bn loss to scams, ACCC reports

  17-04-2023 07:41 via businessnews.com.au
  
  Businesses and individuals in Australia have lost a record $3.1 billion by falling victim to scams last year, the Australian Competition and Consumer Commission found.
  
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• Movement restrictions due to white spot prawn disease has Clarence River fishers 'on their knees'

  17-04-2023 07:18 via abc.net.au
  
  More than two months since the movement and sale of raw prawns from the Clarence River was banned, there has been no compensation for affected fishers.
  
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• Regis narrows production, lifts cost guidance

  17-04-2023 07:13 via businessnews.com.au
  
  ASX-listed miner Regis Resources has narrowed its gold production guidance and increased its costs expectations for the 2023 financial year.
  
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• Global uncertainty to cast shadow over federal budget

  17-04-2023 05:05 via businessnews.com.au
  
  Treasurer Jim Chalmers has warned the upcoming federal budget will come at a time of some of the lowest global growth in decades.
  
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• Deputy premier blames Melbourne Airport for delay in completion of airport rail

  17-04-2023 04:03 via abc.net.au
  
  The Victorian government says Melbourne's airport rail line won't be completed by its scheduled finish date in 2029 because of "challenging" negotiations with airport operator.
  
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• Wall Street dips to lower close as rate hike bets firm

  17-04-2023 02:44 via businessnews.com.au
  
  US stocks have closed lower as investors digested earnings from three major banks and retail sales data.
  
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• Payroll tax a political conundrum

  17-04-2023 02:00 via businessnews.com.au
  
  It seems obvious to cut this nasty impost on business, but it isn’t that easy.
  
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• Nostra to take over arm of failed Victorian building company Porter Davis, allowing up to 375 homes to be completed

  17-04-2023 01:53 via abc.net.au
  
  The collapse of Porter Davis left about 1,700 home building projects in limbo, with the majority of those in Victoria and about 200 in Queensland.
  
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• Nostra to take over arm of failed building company Porter Davis, allowing up to 375 homes to be completed

  17-04-2023 01:53 via abc.net.au
  
  The collapse of Porter Davis left about 1,700 home building projects in limbo, with the majority of those in Victoria and about 200 in Queensland.
  
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• Live: ASX poised to edge higher despite Wall Street jitters on Friday

  17-04-2023 01:08 via abc.net.au
  
  The Australian share market futures are pointing towards modest gains even though Wall Street suffered a small fall on Friday on signs inflation might be more stubborn than hoped. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: ASX edges up, Lake Resources jumps on lithium pilot plant results

  17-04-2023 01:08 via abc.net.au
  
  The ASX is posting modest gains, while Lake Resources shares are surging on positive results from a pilot lithium processing plant. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: ASX climbs higher on banking gains, while mining sector weighs

  17-04-2023 01:08 via abc.net.au
  
  The banking sector is driving the Australian share market higher despite falls across most of the mining sector, including steep declines for gold miners. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• ASX gains, gold miners drop, Lake Resources jumps on lithium pilot plant results — as it happened

  17-04-2023 01:08 via abc.net.au
  
  The ASX posted moderate gains, with a plunge for gold miners weighing on gains in many other sectors, while Lake Resources shares surging on positive results from a pilot lithium processing plant. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Tasmanian 'walk-in' Medicare clinics aim to ease pressure on people turning up at emergency departments

  17-04-2023 01:02 via abc.net.au
  
  Tasmania will get four bulk-billing GP clinics when the federal government rolls out its campaign policy, not three as initially promised, but a key question remains — where will the doctors be found to staff them?
  
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• Tasmanian 'walk-in' Medicare clinics aim to ease pressure on EDs but will they just cannibalise existing GP practices?

  17-04-2023 01:02 via abc.net.au
  
  Tasmania will get four bulk-billing GP clinics when the federal government rolls out its campaign policy, not three as initially promised, but a key question remains — where will the doctors be found to staff them?
  
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• New 'walk-in' Medicare clinics aim to ease pressure on EDs but will they just cannibalise existing GP practices?

  17-04-2023 01:02 via abc.net.au
  
  Tasmania will get four bulk-billing GP clinics when the federal government rolls out its campaign policy, not three as initially promised, but a key question remains — where will the doctors be found to staff them?
  
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• Dunsborough locals say 'hell no' to high-rise developments in coastal WA tourist town

  17-04-2023 00:21 via abc.net.au
  
  More than 500 Dunsborough residents rally for a ban on apartment buildings over three storeys high, which they say will ruin the "village atmosphere" of their town. 
  
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