Analyst news

• NAB is first lender to pass on Reserve Bank's rate hike, ASX falls to five-week low ahead of US interest rate decision

  02-05-2023 23:35 via abc.net.au
  
  NAB passes on the Reserve Bank's full rate hike to its home loan customers, but only two of its savings accounts, while the Australian share market drops on renewed worries about the stability of the US banking system.
  
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• Live: ASX to keep falling, Wall Street sinks on banking sector worries

  02-05-2023 23:35 via abc.net.au
  
  The Australian share market is set to drop as renewed worries about the stability of the US banking system lead to significant falls on Wall Street, and oil prices plunge by about 5 per cent as investors prepare for another interest rate hike from the Federal Reserve. Follow the latest updates in our live blog.
  
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• Live: ASX falls to one-month low, Wall Street sinks on banking sector fears, oil prices sink 5pc

  02-05-2023 23:35 via abc.net.au
  
  The Australian share market drops as renewed worries about the stability of the US banking system lead to significant falls on Wall Street, and oil prices plunge by about 5 per cent as investors prepare for another interest rate hike from the Federal Reserve. Follow the latest updates in our live blog.
  
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• Live: ASX falls again, Wall Street sinks on banking sector fears, oil prices sink 5pc

  02-05-2023 23:35 via abc.net.au
  
  The Australian share market drops as renewed worries about the stability of the US banking system lead to significant falls on Wall Street, and oil prices plunge by about 5 per cent as investors prepare for another interest rate hike from the Federal Reserve. Follow the latest updates in our live blog.
  
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• Overseas engineers fly in to work on one of Australia's most complex road projects

  02-05-2023 22:35 via abc.net.au
  
  At least 14 engineers and other specialists from around the world have started work on the Pacific Highway bypass at Coffs Harbour in NSW, with many more to be hired.
  
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• These Chinese travel agents hold the key to a $12.4 billion hole in the Australian economy

  02-05-2023 22:18 via abc.net.au
  
  Tourism Australia concedes the industry will not recover until Chinese visitors come back. The Australian Tourism Exchange conference on the Gold Coast is where that may be turned around.
  
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• 'This is the end of the line': Scientists send open letter urging NT government to abandon fracking plans

  02-05-2023 22:01 via abc.net.au
  
  The NT government is poised to make a final decision on whether it will green-light fracking in the Beetaloo Basin, but nearly 100 scientists have called for a fracking ban in the region, saying the costs to the community could be "enormous".
  
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• 'The end of the line': Scientists send open letter urging NT government to abandon fracking plans

  02-05-2023 22:01 via abc.net.au
  
  The NT government is poised to make a final decision on whether it will green-light fracking in the Beetaloo Basin, but nearly 100 scientists have called for a fracking ban in the region, saying the costs to the community could be "enormous".
  
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• He plays one of Marvel's big villains, and he can't — or won't — say if he'll be back

  02-05-2023 21:58 via abc.net.au
  
   Marvel actor Will Poulter took two hours to turn gold in Marvel’s Guardians of the Galaxy Vol 3
   
  
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• Actor Will Poulter stars in latest Guardians of the Galaxy film

  02-05-2023 21:58 via abc.net.au
  
   Marvel actor Will Poulter took two hours to turn gold in Marvel’s Guardians of the Galaxy Vol 3
   
  
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• Could this new battery spell the end for EV range anxiety?

  02-05-2023 21:00 via abc.net.au
  
  The world's largest battery maker says its new battery could power electric aircraft or propel electric vehicles beyond 1,000km on a single charge.
  
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• Chinese company unveils EV battery it claims will get you from Sydney to Melbourne on a single charge

  02-05-2023 21:00 via abc.net.au
  
  The world's largest battery maker says its new battery could power electric aircraft or propel electric vehicles beyond 1,000km on a single charge.
  
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• 'There is a limit here': RBA can't delay in getting inflation under control

  02-05-2023 13:46 via abc.net.au
  
  The Reserve Bank of Australia's governor says an acceleration in the cost of services and a rebound in house prices were among the factors prompting it to raise rates again, just a month after pausing its string of hikes.
  
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• 'Doing what is right for the country': RBA governor defends shock interest rate rise

  02-05-2023 13:46 via abc.net.au
  
  The Reserve Bank of Australia's governor says an acceleration in the cost of services and a rebound in house prices were among the factors prompting it to raise rates again, just a month after pausing its string of hikes.
  
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• Hollywood writers to strike as move to streaming upends TV business

  02-05-2023 11:19 via abc.net.au
  
  Thousands of film and TV writers in Hollywood are set to strike for higher pay, forcing Jimmy Kimmel Live and The Tonight Show with Jimmy Fallon to stop production. 
  
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• MinRes moves on Norwest

  02-05-2023 10:12 via businessnews.com.au
  
  Chris Ellison-led Mineral Resources has moved to a compulsory acquisition of its Perth Basin partner Norwest Energy after securing more than a 90 per cent stake in the company.
  
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• At Close of Business May 2 2023

  02-05-2023 10:08 via businessnews.com.au
  
  Senior journalist Matt Mckenzie and Jack McGinn talk about the RBA's decision and the rising cost of living.
  
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• Key agreement reached for Ashburton Salt

  02-05-2023 09:35 via businessnews.com.au
  
  Multinational salt producer K+S Group has struck a native title agreement with Thalanyji traditional owners for its proposed $430 million salt project in the Exmouth Gulf.
  
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• Households tally rising grocery bills as interest rates climb again

  02-05-2023 09:22 via abc.net.au
  
  Australians are waiting to see how much more they will pay for essential goods and services like food after the Reserve Bank's decision to hike interest rates for the 11th time.
  
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• ASIC greenwashing warning for Future Super

  02-05-2023 09:20 via businessnews.com.au
  
  A superannuation fund has forked out $13,320 after the Australian Securities and Investments Commission issued an infringement notice for alleged greenwashing.
  
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• Aussie shares hit three-week low after RBA hikes rates

  02-05-2023 09:06 via businessnews.com.au
  
  Local shares collectively fell 0.9 per cent after the Reserve Bank surprised the market with another rate hike.
  
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• Water works to help combat Perth's urban sprawl

  02-05-2023 09:05 via businessnews.com.au
  
  A multi-million-dollar upgrade of Perth's water infrastructure is part of a plan to increase the amount of high-density home development.
  
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• Akkodis targets tech training

  02-05-2023 08:58 via businessnews.com.au
  
  With a background in mechanical engineering, Akkodis global president Jan Gupta brings a different perspective to the tech sector.
  
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• New Qantas captain will help airline soar

  02-05-2023 08:54 via businessnews.com.au
  
  Vanessa Hudson has the right stuff in spades to captain Qantas through the next phase of its extraordinary flight path that has already spanned 103 years.
  But unions be warned, Ms Hudson is no pushover and is focused on fiscal responsibility.
  
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• Wesfarmers to continue acquisitive streak

  02-05-2023 08:50 via businessnews.com.au
  
  The managing director of the WA conglomerate has told a forum in Sydney that Wesfarmers is considering more ‘bolt-on’ acquisitions following a string of expansion projects.
  
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• ACT cycling group suggests lowering speed limit to 30kph in Canberra's suburbs

  02-05-2023 08:46 via abc.net.au
  
  In a submission to the ACT government ahead of the budget, the cycling group Pedal Power calls for 30-kilometre-per-hour speed zones to make suburbs safer.
  
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• SA regions attract nearly $4 billion in tourism spending during 2022, with several hitting all-time highs

  02-05-2023 08:33 via abc.net.au
  
  Regional South Australia reaches its 2025 tourism target three years ahead of schedule, bringing in nearly $4 billion dollars during 2022. 
  
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• Seven-storey apartment plan for Jolimont

  02-05-2023 08:05 via businessnews.com.au
  
  WBG Property has lodged a proposal to build a $25 million seven-storey apartment block in Jolimont, to be completed by 2025.
  
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• Alinta appoints contractors, assesses sell-down

  02-05-2023 08:01 via businessnews.com.au
  
  Alinta Energy has appointed two contractors to build its $180 million solar battery project in Port Hedland while continuing to assess a big sell-down of its WA operations.
  
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• Qantas has announced a new CEO to take over from Alan Joyce. Who is Vanessa Hudson?

  02-05-2023 07:56 via abc.net.au
  
  For the first time in its 103-year history Qantas appointed a woman as its next CEO. How did Vanessa Hudson rise to the top job?
  
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• At an average of $6 each, soaring pineapple prices are here to stay

  02-05-2023 06:49 via abc.net.au
  
  Pineapples are selling for record high prices and those in the industry say consumers need to get used to paying more for the Australian-grown product.
  
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• How much extra could mortgage repayments be, now the cash rate is 3.85 per cent?

  02-05-2023 06:40 via abc.net.au
  
  Tell us your loan size, term and interest rate, and our mortgage repayment calculator will work out how much extra you may have to pay on your loan. 
  
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• 'Recession roulette': Economists, banks, borrowers left stunned by RBA's return to rate rises

  02-05-2023 06:31 via abc.net.au
  
  The Reserve Bank of Australia shocks borrowers and financial markets by resuming interest rate rises after a one-off pause last month.
  
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• RBA interest rate rise catches markets, banks and borrowers by surprise

  02-05-2023 06:31 via abc.net.au
  
  The Reserve Bank shocks borrowers and financial markets by resuming interest rate rises after a one-off pause last month.
  
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• Inflation still too high, RBA says

  02-05-2023 06:31 via businessnews.com.au
  
  Just In: The RBA has signalled further rate hikes could still be ahead as it lifted the official cash rate to 3.85 per cent.
  
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• Borrowers shocked as RBA announces interest rate rise

  02-05-2023 06:31 via abc.net.au
  
  The Reserve Bank of Australia shocks borrowers and financial markets by resuming interest rate rises after a one-off pause last month.
  
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• Austral, Western United change hands

  02-05-2023 06:31 via businessnews.com.au
  
  Global insurance brokers Marsh and BMS Group have each expanded their WA presence, adding to a string of M&A deals by big players snapping up local operators.
  
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• Schrole secures Rio Tinto contract

  02-05-2023 06:24 via businessnews.com.au
  
  Technology company Schrole has furthered its relationship with mining giant Rio Tinto after securing $655,000 worth of work.
  
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• Going up: health, housing, schools hit hardest over two decades

  02-05-2023 05:57 via businessnews.com.au
  
  The costs of school and medical services in Perth have almost tripled over the past 20 years, as analysis by Business News reveals where households have been hit hardest by inflation.
  
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• Property prices in south-east SA still 'unbeatable value' despite record $2.8m sale, agents say

  02-05-2023 05:36 via abc.net.au
  
  Robe's historic Karatta House sold for $2.6 million in January and a month later another home fetched an even higher price. But agents say the region's real estate is still comparatively affordable.
  
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• Affordable housing boost set for Adelaide CBD, but not for another six years

  02-05-2023 05:35 via abc.net.au
  
  The Adelaide City Council has agreed to hand over the former bus station on Franklin Street to the state government so it can be redeveloped into two apartment buildings. 
  
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• Foreign buyers seize local opportunities

  02-05-2023 05:30 via businessnews.com.au
  
  Three businesses formed in Perth have been given a new lease of life after being acquired by global players.
  
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• IGO, Venus strike partnership deal

  02-05-2023 04:56 via businessnews.com.au
  
  Junior miner Venus Metals has entered a binding transaction with IGO Limited for exploration and potential development at its Henderson nickel and lithium project.
  
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• Liontown plays down mystery bid speculation

  02-05-2023 04:43 via businessnews.com.au
  
  ASX-listed lithium developer Liontown Resources has played down media speculation of a takeover proposal superior to Albemarle’s failed bid for the company in March.
  
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• Could granny flats be the answer to Australia's housing crisis?

  02-05-2023 03:52 via abc.net.au
  
  Granny flats are common to suburban backyards but in many states they cannot be privately rented out. There are calls for that to change.
  
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• Payment change to boost superannuation by thousands

  02-05-2023 03:42 via businessnews.com.au
  
  Young workers are set to receive about $6000 extra in their superannuation balance on retirement after changes to how their payments are made.
  
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• Twiggy's caravan park remains closed as talks with traditional owners continue

  02-05-2023 02:47 via abc.net.au
  
  A crucial Bungle Bungles visitors' hub has not opened for the dry season, with negotiations between native-title holders and an agribusiness company owned by Andrew and Nicola Forrest ongoing.
  
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• Confidence improves as home prices find a floor

  02-05-2023 02:46 via businessnews.com.au
  
  Outright home owners have welcomed the turnaround in the property market but the prospect of more rate rises has mortgage holders worried.
  
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• Council flags scrapping FOGO bin system, labels program unsatisfactory

  02-05-2023 02:04 via abc.net.au
  
  Some councils are discussing scrapping the FOGO bin altogether as the WA government pushes them to rollout a third bin for organic waste across the state.
  
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• Businesses to be forced to pay superannuation on payday, meaning more retirement income for workers

  02-05-2023 02:04 via abc.net.au
  
  Millions of Australian workers are set to retire with thousands more in their superannuation accounts after changes from the federal government requiring all businesses to pay their employees' superannuation on payday.
  
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