Analyst news

• Reserve Bank hikes cash rate to 3.85 per cent as Qantas announces Alan Joyce's successor — as it happened

  01-05-2023 23:45 via abc.net.au
  
  The RBA has surprised markets and economists by lifting interest rates to 3.85 per cent, after being widely predicted to stay on hold for a second month. Look back on the day's events as they happened with our blog.
  
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• Live: 'The timing is right': Outgoing Qantas boss says airline is 'strong' as it appoints first female CEO

  01-05-2023 23:45 via abc.net.au
  
  Banks and financial markets are predicting the RBA will keep the cash rate on hold at 3.6 per cent for another month at today's meeting, with the ASX opening lower. Follow the day's events with our live blog.
  
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• Live: Reserve Bank tipped to leave interest rates on hold for a second month, ASX to open lower

  01-05-2023 23:45 via abc.net.au
  
  Banks and financial markets are predicting the RBA will keep the cash rate on hold at 3.6 per cent for another month at today's meeting, with the ASX set to open lower. Follow the day's events with our live blog. 
  
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• Live: Reserve Bank hikes cash rate to 3.85 per cent as Qantas announces Alan Joyce's successor

  01-05-2023 23:45 via abc.net.au
  
  The RBA has surprised markets and economists by lifting interest rates to 3.85 per cent, after being widely predicted to stay on hold for a second month. Follow the day's events with our live blog.
  
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• Live: Qantas names new boss ahead of Alan Joyce's retirement, RBA tipped for rates hold

  01-05-2023 23:45 via abc.net.au
  
  Banks and financial markets are predicting the RBA will keep the cash rate on hold at 3.6 per cent for another month at today's meeting, with the ASX set to open lower. Follow the day's events with our live blog.
  
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• Live: Alan Joyce to retire as Qantas boss, RBA tipped to leave interest rates on hold

  01-05-2023 23:45 via abc.net.au
  
  Banks and financial markets are predicting the RBA will keep the cash rate on hold at 3.6 per cent for another month at today's meeting, with the ASX set to open lower. Follow the day's events with our live blog. 
  
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• Live: Alan Joyce speaks as Qantas names first female CEO in airline's history

  01-05-2023 23:45 via abc.net.au
  
  Banks and financial markets are predicting the RBA will keep the cash rate on hold at 3.6 per cent for another month at today's meeting, with the ASX opening lower. Follow the day's events with our live blog.
  
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• Police officer holidaying in WA's Kimberley says she's never experienced crime like it

  01-05-2023 23:41 via abc.net.au
  
  A police officer of 17 years, Keely Allport diverted travel plans through the Kimberley after a break-in left her feeling traumatised.
  
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• How crowdsource funding is helping develop a Tasmanian island

  01-05-2023 23:39 via abc.net.au
  
  A tourism retreat is being proposed for Tasmania's remote Little Dog Island, partly developed by several hundred investors providing as little as $100.
  
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• Five-month wait for mail leaves outback residents feeling like they live in 'third world country'

  01-05-2023 22:39 via abc.net.au
  
  Mail posted in November finally arrives in a rural Queensland town that was isolated by flooding, with local leaders calling for urgent road upgrades and Australia Post to improve its services.
  
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• Christmas presents, mail turns up in April as outback residents feel like they live in 'third world country'

  01-05-2023 22:39 via abc.net.au
  
  Mail posted in November finally arrives in a rural Queensland town that was isolated by flooding, with local leaders calling for urgent road upgrades and Australia Post to improve its services.
  
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• Environmental group begs French energy giant to reconsider plan to fill Hazelwood coal mine with water

  01-05-2023 22:20 via abc.net.au
  
  Engie wants to spend $1 billion turning the former mine site into a pit lake. But a conservation group says it would pollute the area so much "humans won't be able to come near it" in 50 years' time.
  
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• Higher insurance premiums for farmers as natural disasters, inflation bite

  01-05-2023 22:02 via abc.net.au
  
  As natural disasters continue to grow, farmers are paying more for insurance, with premiums increasing 20 to 40 per cent.
  
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• Nouméa is an island paradise — but for the next year you're not allowed to swim

  01-05-2023 21:53 via abc.net.au
  
  After a string of shark attacks, New Caledonia's government closed Nouméa's beaches for a year. But locals say it has gone too far.
  
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• Nouméa is a paradise — but for the next year you're not allowed to swim

  01-05-2023 21:53 via abc.net.au
  
  After a string of shark attacks, New Caledonia's government closed Nouméa's beaches for a year. But locals say it has gone too far.
  
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• Flood-prone communities demand better planning to protect life and property

  01-05-2023 21:05 via abc.net.au
  
  NSW Farmers say a process to protect people and property in flood-prone areas is long overdue, especially after the deadly devastation in the Northern Rivers last year.
  
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• This man advises his clients that elections, rates and mortgages are invalid

  01-05-2023 20:58 via abc.net.au
  
  He calls himself an advocate, charges for advice on fines and council rates and makes incredible claims about his success in courtrooms around Australia. But Derek Balogh has left a trail of failed cases in his wake.
  
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• Selling the furniture and couch-surfing: Families forced to make 'impossible' decisions amid fears inflation crisis hitting kids

  01-05-2023 20:54 via abc.net.au
  
  Nearly three quarters of Australians expect child poverty to worsen this year and say cost-of-living pressures are having a greater impact than the pandemic, according to a long-running survey released exclusively to ABC News.
  
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• Families forced to make 'impossible' decisions amid fears inflation crisis hitting kids

  01-05-2023 20:54 via abc.net.au
  
  Nearly three-quarters of Australians expect child poverty to worsen this year and say cost-of-living pressures are having a greater impact than the pandemic, according to a long-running survey released exclusively to ABC News.
  
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• Nationals join forces with farmers to oppose multi-billion-dollar Victoria-NSW renewable energy project

  01-05-2023 11:23 via abc.net.au
  
  After describing community consultation regarding the Victoria to New South Wales Interconnector West renewable energy project as "tokenistic at best", Nationals leaders are pushing for a senate inquiry into the overhead powerline project, which would run through farms.
  
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• Australian shares rise as big rate-hike decisions loom

  01-05-2023 10:31 via businessnews.com.au
  
  The local share market has climbed 0.3 per cent ahead of a crucial week of central bank meetings in Australia, the United States and Europe.
  
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• At Close of Business May 1 2023

  01-05-2023 10:27 via businessnews.com.au
  
  Journalists Simone Grogan and Liv Declerck discuss an emerging distillery in Margaret River. Plus: Perth house prices, 7-11 deal and social housing.
  
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• AFL appoints new boss

  01-05-2023 10:20 via businessnews.com.au
  
  Andrew Dillon has been appointed chief executive of the AFL more than a year after outgoing chief executive Gillon McLachlan announced his resignation.
  
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• Major route into the Kokoda track appears to have been blockaded amid tour operator feud

  01-05-2023 09:30 via abc.net.au
  
  A major route into the Kokoda Track in Papua New Guinea's Central Province appears to be blockaded, amid a feud between a trekking operator and the track's managing authority.
  
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• GO2 Group enters administration

  01-05-2023 09:21 via businessnews.com.au
  
  Perth-based GO2 Group has entered into administration amid liabilities to Australian Tax Office of more than $3 million and its client undergoing a legal dispute.
  
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• US authorities scramble to rescue First Republic Bank before markets open

  01-05-2023 09:05 via abc.net.au
  
  While Australians sleep tonight, an enormously significant financial deal will be worked through, as US authorities attempt to "auction" First Republic Bank to prevent a financial crisis. 
  
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• US authorities 'auction' First Republic Bank after second biggest bank failure in history

  01-05-2023 09:05 via abc.net.au
  
  US regional bank First Republic had a little more than $301 billion worth of assets and around 7,000 employees.
  
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• Free electronics recycling service blames sudden closure on lack of industry support

  01-05-2023 08:54 via abc.net.au
  
  Arnies Recon pioneered a "revolutionary" model to give unwanted appliances and gadgets a new life. But after three and a half years, they have run out of goods. 
  
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• Perenti secures $630m contract

  01-05-2023 08:32 via businessnews.com.au
  
  Perenti's new contract extends the mining services company's tenure in Ghana.
  
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• $1.5m raised for women’s cancer

  01-05-2023 08:24 via businessnews.com.au
  
  The New Town Toyota Walk for Women’s Cancer 2023 has raised more than $1.5 million to fund cancer research at Harry Perkins Institute of Medical Research.
  
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• 7-Eleven network up for sale

  01-05-2023 08:01 via businessnews.com.au
  
  Perth advisory firm Azure Capital has been mandated to find a new owner for national convenience store chain 7-Eleven, which is chaired by Perth-based Michael Smith.
  
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• Spirits showcase the South West

  01-05-2023 08:00 via businessnews.com.au
  
  Smilov Spirits brings the best of local produce to its gin and vodka.
  
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• Minor role for northern trade

  01-05-2023 08:00 via businessnews.com.au
  
  A recent spike in trade with Europe may be positive for some, but plenty of opportunities remain closer to home.
  
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• Buses, ferries proposed as Hobart stadium transport fix

  01-05-2023 07:02 via abc.net.au
  
  The Tasmanian government is planning for an expanded bus and ferry network to transport people to and from the proposed 23,000-seat stadium in Hobart's Macquarie Point and has firmly ruled out light rail — sparking calls of "broken promises" by Labor.
  
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• Perth house prices continue to grow

  01-05-2023 06:53 via businessnews.com.au
  
  Perth home values continue to rise in the past month with the median house price recorded as more than $570,000, according to recent reports by property groups.
  
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• Pioneering Australian musician and The Dingoes frontman Broderick Smith dies aged 75

  01-05-2023 06:15 via abc.net.au
  
  Broderick Smith dies peacefully at home aged 75 after a career playing blues, boogie, country and rock across Australia and the world.
  
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• Musician Broderick Smith dies peacefully at home, aged 75, after career spanning decades

  01-05-2023 06:15 via abc.net.au
  
  Broderick Smith dies peacefully at home, aged 75, after a career playing blues, boogie, country and rock across Australia and the world.
  
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• Qantas launches Exmouth, Melbourne direct flights

  01-05-2023 06:08 via businessnews.com.au
  
  The first direct flight between Melbourne and Exmouth is tipped to bring in thousands of out-of-state travellers to the regional destination.
  
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• Croatian cruising unforgettable

  01-05-2023 06:00 via businessnews.com.au
  
  There's little doubt a meander along the Croatian coast is a high point for those who love life aboard a cruise ship.
  
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• Regions call for 'certainty' as Rex Airlines reduces multiple flight routes

  01-05-2023 05:09 via abc.net.au
  
  Thousands of people living in remote and regional Australia are feeling even more isolated as Rex Airlines reduces some of its flights from today.
  
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• Alliance, Stellantis strike $15m battery materials deal

  01-05-2023 05:05 via businessnews.com.au
  
  Alliance Nickel has struck a $15 million offtake agreement with automotive manufacturer Stellantis to supply battery grade materials for electric vehicles.
  
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• Cruise ships have the hemispheres covered

  01-05-2023 05:00 via businessnews.com.au
  
  No kids, no gambling, Northern Lights and some penguin adventures: life sounds pretty cruisy.
  
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• $511m boost to tackle housing crisis

  01-05-2023 04:52 via businessnews.com.au
  
  The state government will invest $511 million to tackle the housing crisis as part of the upcoming Western Australian budget, including building 700 new homes.
  
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• Signing a big star to your brand can feel like a coup, but what happens when there's a scandal?

  01-05-2023 02:44 via abc.net.au
  
  Celebrity endorsements can be lucrative for both the brand and for the celebrity, but what happens when things go wrong?
  
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• Calls to tackle 'biggest housing crisis in memory'

  01-05-2023 02:35 via businessnews.com.au
  
  More than 40 organisations have signed a letter to the treasurer demanding more investment in social and affordable housing in the upcoming budget.
  
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• Future of infrastructure projects put under spotlight

  01-05-2023 02:32 via businessnews.com.au
  
  Former WA bureaucrat Reece Waldock is one of three transport experts drafted in by the federal government to review its infrastructure pipeline and set new priorities.
  
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• Two years after breaching liquor restrictions, Derby's biggest pubs still unclear about their future

  01-05-2023 01:46 via abc.net.au
  
  The owner says "devastating" delays by Western Australia's Liquor Commission are jeopardising the future of his pubs following police allegations that he is unfit to hold a liquor licence.
  
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• Fate of Derby's two biggest pubs still unclear a year after liquor authority hearing

  01-05-2023 01:46 via abc.net.au
  
  The owner says "devastating" delays by Western Australia's Liquor Commission are jeopardising the future of his pubs following police allegations that he is unfit to hold a liquor licence.
  
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• Live: ASX set to rise after positive week

  01-05-2023 01:30 via abc.net.au
  
  Australia's share market gained last week and awaits a key rates decision on Tuesday. Follow the day's events with our blog.
  
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• ASX rises as investors await RBA, Fed meetings — as it happened

  01-05-2023 01:30 via abc.net.au
  
  The Australian share market starts the week on a positive note, ahead of interest rate decisions at home and in the US. Here's how the trading day unfolded on the ABC markets blog.
  
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