Analyst news

• Westpac now forecasts Reserve Bank is done with rate hikes, ASX finishes higher — as it happened

  27-04-2023 23:47 via abc.net.au
  
  The ASX gains ground as Westpac forecasts the RBA will leave rates unchanged at its meeting next week. Look back on the day's events with our blog.
  
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• Live: Westpac now forecasts Reserve Bank is done with rate hikes, ASX continues to gain

  27-04-2023 23:47 via abc.net.au
  
  The ASX gains ground as Westpac forecasts the RBA will leave rates unchanged at its meeting next week. Follow the day's events and insights live.
  
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• Live: Westpac forecasts Reserve Bank will leave rates on hold next week, ASX continues to gain

  27-04-2023 23:47 via abc.net.au
  
  The ASX gains ground as Westpac forecasts the RBA will leave rates unchanged at its meeting next week. Follow the day's events and insights live.
  
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• Live: Meta leads Wall Street gains, ASX to rise, US economic growth slows as recession threat looms

  27-04-2023 23:47 via abc.net.au
  
  The ASX is set to rise after tech stocks rallied on Wall Street overnight, as weak economic growth in the US signals a possible recession later this year. Follow the day's events and insights live.
  
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• Live: ASX opens higher, Coles' quarterly sales revenue climbs as prices rise, Medibank commits to security improvements

  27-04-2023 23:47 via abc.net.au
  
  The ASX opens higher as Coles reports higher quarterly revenue after supply chain issues ease, while weak economic growth in the US signals a possible recession later this year. Follow the day's events and insights live.
  
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• Court hears Bungendore man guilty of trying to import cocaine in excavator arm 'did the hard yakka'

  27-04-2023 22:42 via abc.net.au
  
  A Sydney court hears a Bungendore landscape gardener guilty of trying to possess nearly 300 kilograms of cocaine told a psychologist he believed if he didn't ask questions of his co-accused about the shipment he wouldn't be breaking the law.
  
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• Riverland families selling off land and diversifying after generations of growing wine grapes

  27-04-2023 22:25 via abc.net.au
  
  Vineyard owners in South Australia's Riverland are hitting the market as the wine industry feels the crush of a difficult vintage and China's tariffs on red wine.
  
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• Australia's oldest coal-fired station Liddell powers down in the Hunter Valley

  27-04-2023 22:04 via abc.net.au
  
  Liddell Power Station leaves behind a 52-year legacy of electricity supply and employment for thousands, but an environmentalist says its closure is a "massive opportunity" to improve quality of life.
  
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• Fair Work investigation recovers nearly $240k for underpaid Sydney hospitality workers

  27-04-2023 22:01 via abc.net.au
  
  The Fair Work Ombudsman found one business had underpaid 18 casual and full-time workers $52,081. 
  
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• Defence reveals 50 per cent 'contingency' for cost overruns inside $368 billion AUKUS project

  27-04-2023 21:26 via abc.net.au
  
  An almost $123 billion "contingency" has been set aside for Australia's largest ever defence project, according to a new analysis of the AUKUS nuclear submarine program prepared by the Parliamentary Budget Office.
  
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• Without fuel efficiency standards, Australia risks being left in the dust with adopting EVs

  27-04-2023 21:06 via abc.net.au
  
  Car manufacturers say Australia needs to urgently adopt fuel efficiency standards in line with other countries to help promote the uptake of electric vehicles, warning it will otherwise be unable to reach net zero emissions by 2050.
  
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• The 'chicken and egg problem' holding back Australian electric vehicle sales

  27-04-2023 21:06 via abc.net.au
  
  Car manufacturers say Australia needs to urgently adopt fuel efficiency standards in line with other countries to help promote the uptake of electric vehicles, warning it will otherwise be unable to reach net zero emissions by 2050.
  
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• Australia is at the 'back of the pack' with electric vehicles — but experts say they could soon become cheaper

  27-04-2023 21:06 via abc.net.au
  
  Car manufacturers say Australia needs to urgently adopt fuel efficiency standards in line with other countries to help promote the uptake of electric vehicles, warning it will otherwise be unable to reach net zero emissions by 2050.
  
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• Australia is at the 'back of the pack' with electric vehicles. Could fuel efficiency standards help?

  27-04-2023 21:06 via abc.net.au
  
  Car manufacturers say Australia needs to urgently adopt fuel efficiency standards in line with other countries to help promote the uptake of electric vehicles, warning it will otherwise be unable to reach net zero emissions by 2050.
  
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• The Treasurer plans to remove the government's ability to override the RBA's decisions. Paul Keating says that's a mistake

  27-04-2023 20:56 via abc.net.au
  
  The treasurer plans to remove the government's ability to override the Reserve Bank of Australia's decisions. Former prime minister Paul Keating says that's a mistake.
  
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• The government plans to ditch a never-used power to override the RBA. Paul Keating says it shouldn't because he almost used it as treasurer

  27-04-2023 20:56 via abc.net.au
  
  Former prime minister Paul Keating says it would be an error for the Parliament to remove a power that allows the government to overrule the Reserve Bank's actions.
  
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• Keating warns treasurer not to remove government's power to override RBA decisions

  27-04-2023 20:56 via abc.net.au
  
  The treasurer plans to remove the government's ability to override the Reserve Bank of Australia's decisions. Former prime minister Paul Keating says that's a mistake.
  
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• Federal government looks to ban use of credit cards for online gambling

  27-04-2023 14:30 via abc.net.au
  
  Labor announces it will begin to take steps to make it illegal for betting companies to allow people to use credit cards when gambling online. 
  
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• Former Fox News host Tucker Carlson emerges on Twitter with video address following firing

  27-04-2023 13:10 via abc.net.au
  
  In the videotaped statement, Carlson does not directly address his departure from Fox, instead taking aim at American media and the US political system.
  
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• At Close of Business 27 April 2023

  27-04-2023 10:13 via businessnews.com.au
  
  Matt Mackenzie and Jordan Murray talk about the different stances on the Indigenous Voice to Parliament.
  
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• Westcott replaces Hick at Woodside

  27-04-2023 10:12 via businessnews.com.au
  
  Woodside Energy has appointed Melbourne-based Liz Westcott as executive vice president of Australian operations, replacing Fiona Hick who joined Fortescue Metals.
  
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• MinRes takes road dispute to court

  27-04-2023 10:07 via businessnews.com.au
  
  A dispute over Mineral Resources' plans to build a 125-kilometre private haul road running through the Shire of Ashburton has been escalated to Western Australia's Supreme Court.
  
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• As the green energy transition gains momentum, calls grow for a national authority to oversee it

  27-04-2023 10:05 via abc.net.au
  
  With the country's oldest coal-fired power station set to close down tomorrow, calls have intensified for the federal government to set up a National Energy Transition Authority and allocate funding to it in next month's budget. 
  
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• Aust stocks sink as banking and economy fears resurface

  27-04-2023 09:10 via businessnews.com.au
  
  The local share market has closed down 0.3 per cent in its fifth consecutive losing day as questions about banks and growth sour sentiment.
  
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• Westbridge buys SA Coles assets

  27-04-2023 08:35 via businessnews.com.au
  
  The West Perth-based property fund has bought a hotel and liquor store for $15 million as part of its first total return fund.
  
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• Australia Post boss warns change needed for struggling service to survive, confirms job cuts

  27-04-2023 08:26 via abc.net.au
  
  Chief executive Paul Graham delivered a frank assessment of the organisation's grim financial situation, with the company expected to post a financial loss this year. 
  
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• Crown Casino's bank cheque practice likely 'resulted in criminal infiltration', gambling watchdog finds

  27-04-2023 08:25 via abc.net.au
  
  Crown Casino is fined $30 million by Victoria's gambling watchdog for allowing punters to cash bank cheques made out to themselves, exacerbating gambling harm and likely aiding "criminal infiltration by money launderers".
  
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• St Barbara posts 'disappointing' production results

  27-04-2023 08:15 via businessnews.com.au
  
  St Barbara boss Dan Lougher says the gold miner’s Leonora operations had another disappointing quarter as Genesis Minerals gears up to acquire the operation.
  
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• Quality and longevity on brand at Henschke

  27-04-2023 08:00 via businessnews.com.au
  
  The offer to taste releases from Henschke’s 2018 vintage was an opportunity not to be missed.
  
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• Newcrest on track despite production drop

  27-04-2023 07:32 via businessnews.com.au
  
  Gold and copper player Newcrest Mining says it remains on track to meet its financial year production guidance despite a drop in output during the March quarter.
  
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• Greenpeace makes bold entrance ahead of Woodside AGM, labels Pilbara project a 'major threat' to WA coastline

  27-04-2023 07:19 via abc.net.au
  
  The world's best-known environmental organisation makes its presence known in the WA port city of Fremantle ahead of Woodside's AGM tomorrow, labelling the gas giant's Pilbara project as a "major threat" to WA's coastline. 
  
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• Environmental activists make bold entrance as Rainbow Warrior docks in ‘progressive’ WA city

  27-04-2023 07:19 via abc.net.au
  
  The world's best-known environmental organisation makes its presence known in the port city of Fremantle ahead of Woodside's AGM tomorrow, labelling the gas giant's Pilbara project as a "major threat" to WA's coastline. 
  
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• Australia's migration system is a mess of more than 100 visas. Here is how the government wants to clean it up

  27-04-2023 07:10 via abc.net.au
  
  Lifting the minimum pay rate for skilled workers, tightening rules for people seeking to study in Australia, and ending the permanent migration cap are all changes on the table for the federal government, as it seeks to rewrite the rules on immigration.
  
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• Graylands upgrade in $420m health funding

  27-04-2023 06:55 via businessnews.com.au
  
  The state government has announced a $420 million budget commitment to boost mental health initiatives, including an upgrade of Graylands Hospital in Mount Claremont.
  
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• MinterEllison confirms EQ move

  27-04-2023 04:33 via businessnews.com.au
  
  The multinational law firm committed to a 12-year lease at Brookfield’s newly-built One The Esplanade.
  
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• Northern Star grapples with costs

  27-04-2023 04:07 via businessnews.com.au
  
  Northern Star has been forced to lift its cost guidance for the 2023 financial year following downtime for repairs at Kalgoorlie and Pogo during the March quarter.
  
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• One-in-five 'choice' super funds 'significantly underperformed' with high fees and low returns

  27-04-2023 03:48 via abc.net.au
  
  Hundreds of thousands of superannuation customers are losing out, staying in dud funds with high fees, according to the latest data from the industry's regulator.
  
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• APRA just released its list of underperforming super funds. Is your's on it?

  27-04-2023 03:48 via abc.net.au
  
  Hundreds of thousands of superannuation customers are losing out, staying in dud funds with high fees, according to the latest data from the industry's regulator.
  
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• Inflation easing but workers still falling behind

  27-04-2023 02:47 via businessnews.com.au
  
  Cost-of-living rises might have turned a corner, but increasing prices are still wreaking havoc on Australian households and businesses.
  
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• Driver critical after crane rollover on Gold Coast

  27-04-2023 02:42 via abc.net.au
  
  Emergency services are at the scene of a crane rollover where a person is trapped inside, in a critical condition, on the southern Gold Coast.
  
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• Business muted on the Voice

  27-04-2023 02:00 via businessnews.com.au
  
  Support for constitutional change is firming in business and political circles despite hesitancy in some quarters to take a stance on the issue.
  
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• Live: Wall St eases as First Republic banking crisis outweighs tech profits, ASX to follow

  27-04-2023 00:35 via abc.net.au
  
  Wall Street ends lower again as the banking sector experiences another slump in the shares of troubled bank First Republic, with the Australian market poised to follow. 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, Japan's Kirin to buy Blackmores for $2 billion, First Republic banking crisis bites

  27-04-2023 00:35 via abc.net.au
  
  The Australian share market is in the red for another day, and vitamins firm Blackmores has soared after Japan's Kirin Holdings announced it would buy the natural health company for nearly $2 billion. Follow the day's events on the ABC News live markets blog. 
  
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• Live: ASX down, Blackmores bought for $2b by Kirin, Wall St eases as First Republic banking crisis bites

  27-04-2023 00:35 via abc.net.au
  
  The Australian share market is in the red for another day, and vitamins firm Blackmores has soared after Japan's Kirin Holdings announced it would buy the natural health company for nearly $2 billion. Follow the day's events on the ABC News live markets blog. 
  Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• ASX falls, Japan's Kirin to buy Blackmores for $2 billion, First Republic banking crisis bites — as it happened

  27-04-2023 00:35 via abc.net.au
  
  The Australian share market has fallen for the fifth session in a row, and vitamins firm Blackmores has soared after Japan's Kirin Holdings announced it would buy the natural health company for nearly $2 billion. 
  
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