Analyst news

• Three-truck crash closes the Pacific Highway near Kemspey, NSW

  11-05-2023 23:40 via abc.net.au
  
  Two trucks caught fire when three collided at Verges Creek, 10 kilometres north of Kempsey in New South Wales, this morning, closing the highway. 
  
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• Three-truck crash closes the Pacific Highway near Kempsey, NSW

  11-05-2023 23:40 via abc.net.au
  
  Two trucks caught fire when three collided at Verges Creek, 10 kilometres north of Kempsey in New South Wales, this morning, closing the highway. 
  
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• Three-truck crash closes part of the Pacific Highway near Kempsey, NSW

  11-05-2023 23:40 via abc.net.au
  
  Two trucks caught fire when three collided at Verges Creek, 10 kilometres north of Kempsey in New South Wales, this morning, closing the highway. 
  
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• Live: ASX weighed down by QBE earnings update, mining sell-off

  11-05-2023 23:36 via abc.net.au
  
  Falls across most of the resources sector and a big drop for QBE on its latest earnings update are weighing the ASX down in morning trade. Stay across the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: ASX set to edge lower as Wall St dips on Disney and regional banks

  11-05-2023 23:36 via abc.net.au
  
  A loss of subscribers for Disney+ and a further sell-off in regional bank PacWest lead Wall Street to close in the red, with the ASX likely to follow. Stay across the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: An Australian super fund's 'alarming' $70m double-up criticised, while the ASX trades flat on Friday

  11-05-2023 23:36 via abc.net.au
  
  Falls across most of the resources sector and a big drop for QBE on its latest earnings update are weighing the ASX down in morning trade. Stay across the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• ASX finishes the week slightly higher after bumpy Friday, while AusSuper unveils $70m issue — as it happened

  11-05-2023 23:36 via abc.net.au
  
  Falls across most of the resources sector plus a big drop for QBE weighed down the ASX on Friday, but it made a recovery in time for weekend knock-off drinks. Find out how the day unfolded by reading back our live blog.
  
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• Australia's Voyager is through to the Eurovision 2023 grand final

  11-05-2023 23:27 via abc.net.au
  
  Australia will compete in the 2023 Eurovision grand final, with synth-metal band Voyager voted in after a glittering performance in the second semifinal.
  
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• India is responsible for guzzling over half the world's whisky

  11-05-2023 23:00 via abc.net.au
  
  India has become the world's largest consumer of whisky by volume.
  
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• India is responsible for guzzling more than half the world's whisky

  11-05-2023 23:00 via abc.net.au
  
  India has become the world's largest consumer of whisky by volume.
  
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• Buy now, pay later use surges as families struggle to afford essential medication

  11-05-2023 21:57 via abc.net.au
  
  A Mildura mum says she has turned to Afterpay to cover medication for her disabled son while another woman says she would rather go without medicine than pay on credit.
  
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• Glenda gets all her family's meals from a food bank, but no budget relief means many will miss out

  11-05-2023 21:19 via abc.net.au
  
  Sydney's food charities are struggling to keep their pantries stocked with more hungry mouths to feed than ever before, but there was no joy in this week's federal budget.
  
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• 'We need intervention': Renters say price caps are needed to help keep a roof over their heads

  11-05-2023 20:03 via abc.net.au
  
  Despite increased rental assistance measures in Tuesday's budget, calls to cap rents are growing louder, with economists saying that step has been successful overseas, however, analysts warn it may make the housing crisis worse.
  
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• Jacob will get an extra $31 a fortnight to put towards his rent. He thinks his landlord will see it as an 'opportunity'

  11-05-2023 20:03 via abc.net.au
  
  Despite increased rental assistance measures in Tuesday's budget, calls to cap rents are growing louder. Economists say they have been successful overseas, but analysts warn they could make the housing crisis worse.
  
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• Australia's first trade minister to visit China in four years seeks pathway to end trade disputes

  11-05-2023 12:24 via abc.net.au
  
  Don Farrell has become the first Australian trade minister to visit China since 2019, touching down in Beijing on Thursday afternoon.
  
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• Industry weighs in on new state budget

  11-05-2023 10:22 via businessnews.com.au
  
  Broader praise for Western Australia's ‘ironclad budget’ has been underscored by industry calls to build the state's investment appeal and diversify the economy.
  
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• At Close of Business May 11 2023

  11-05-2023 10:14 via businessnews.com.au
  
  Senior journalists Jack McGinn and Mark Pownall discuss a local start-up looking to revolutionise the restaurant menu.
  
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• Melbourne GP welcomes Medicare incentives but warns bulk-billing will remain off limits for most

  11-05-2023 09:58 via abc.net.au
  
  It is a move the federal government hopes will help put a stop to the rapid decline of bulk-billing rates, but GPs say the changes still mean most people seeing a doctor will have to pay for it.
  
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• Local shares close lower on back of US inflation rates

  11-05-2023 09:58 via businessnews.com.au
  
  Better-than-expected US inflation figures has kept Australian shares basically flat, with growing concerns about the debt ceiling.
  
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• Subi hospital expansion approved

  11-05-2023 09:51 via businessnews.com.au
  
  A $311 million expansion to Subiaco’s St John of God hospital has been approved by the state’s planning commission.
  
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• Population boost to be short-lived

  11-05-2023 09:44 via businessnews.com.au
  
  Western Australia’s population growth rate is expected to fall below the long-run average after providing a brief fillip to the economy this year.
  
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• Government flags record infrastructure spend

  11-05-2023 09:34 via businessnews.com.au
  
  The state government has flagged a record $39 billion investment in infrastructure projects including hospitals, schools, Metronet, roads and decarbonisation initiatives spread over the next four years.
  
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• Government flags $39bn infrastructure spend

  11-05-2023 09:34 via businessnews.com.au
  
  The state government has flagged a record investment in infrastructure projects spread over the next four years.
  
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• Months after floods swept away 1,500 chickens, farmer Claire's flock is bouncing back

  11-05-2023 08:58 via abc.net.au
  
  Claire Fry's property became an island in October last year and the flood wiped out half of her chicken flock. But now breeding programs have recommenced and her business is rebounding amid high demand.
  
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• RBA research puts Australian recession risk at up to 80 per cent by 2024

  11-05-2023 08:39 via abc.net.au
  
  Previously unpublished internal research from the Reserve Bank estimates that Australia's risk of recession over this year and next could be as high as 80 per cent.
  
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• RBA research puts Australian recession risk at up to 80 per cent by 2024

  11-05-2023 08:39 via abc.net.au
  
  Previously unpublished internal research from the Reserve Bank estimates that Australia's risk of recession over this year and next could be as high as 80 per cent.
  
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• Are you a winner or a loser in Mark McGowan's 2023 Budget?

  11-05-2023 08:25 via abc.net.au
  
  The ABC cuts through the financial jargon to explain who will benefit most from another solid surplus in the WA Budget, and who will miss out.
  
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• WA government to deliver cost of living relief

  11-05-2023 08:17 via businessnews.com.au
  
  A $715 million state budget package to ease financial pressures from households will include $450 million worth in energy bill relief from the WA government.
  
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• Budget set up for positive surprises

  11-05-2023 08:15 via businessnews.com.au
  
  ANALYSIS: The state budget has been designed so Mark McGowan can announce unexpectedly good outcomes in future but also sets the scene for a bitter GST battle with other states.
  
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• Tax tweak for state's largest employers

  11-05-2023 08:14 via businessnews.com.au
  
  Payroll tax changes will save Western Australia’s largest employers around $230 million next financial year, according to state government budget papers.
  
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• Stamp duty limit expansion to cost $33m

  11-05-2023 08:05 via businessnews.com.au
  
  A move to extend the price cap for apartments eligible for stamp duty rebate is expected to cost the state government $33 million, as part of a $750 million package to boost housing.
  
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• WA budget confirms state's position as Australia's strongest economy, amid GST warning

  11-05-2023 08:03 via abc.net.au
  
  Western Australia's position as the nation's strongest economy remains unchallenged as Mark McGowan delivers his third budget as treasurer, and issues a warning over anyone eyeing off the state's GST share. 
  
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• WA budget confirms state has the best performing economy in the nation, but there are clouds gathering

  11-05-2023 08:03 via abc.net.au
  
  Western Australia's position as the nation's strongest economy remains unchallenged as Mark McGowan delivers his third budget as treasurer, and issues a warning over anyone eyeing off the state's GST share. 
  
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• Vasse Felix draws a line in the sand

  11-05-2023 08:00 via businessnews.com.au
  
  The team at Vasse Felix say they have completed the first stage of the program to create a wine worthy of founder, Tom Cullity.
  
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• Greens and Coalition unite to block Housing Australia Future Fund vote

  11-05-2023 07:49 via abc.net.au
  
  The Greens and Coalition have joined forces in a move that kicks Labor's $10 billion housing policy into the long grass, leaving the government's plans at a major road block. 
  
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• Civmec builds on financial growth

  11-05-2023 07:43 via businessnews.com.au
  
  Civmec boss Patrick Tallon says the company's "relentless focus" on cost containment amid high inflation and labour shortages has led to another strong set of financial results.
  
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• Bail refused for man who allegedly gambled away 'almost $25 million' in investor funds

  11-05-2023 07:07 via abc.net.au
  
  A Sydney "self-taught trader" — charged with allegedly defrauding "mum-and-dad-type" investors of more than $24 million — has been refused bail.
  
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• Bail refused for man charged who allegedly gambled 'away almost $25 million' in investor funds

  11-05-2023 07:07 via abc.net.au
  
  A Sydney "self-taught trader" charged with allegedly defrauding "mum and dad-type" investors of more than $24 million has been refused bail.
  
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• Beazley resigns from RPH Research Foundation

  11-05-2023 07:00 via businessnews.com.au
  
  Former state chief scientist and renowned neuroscientist Lyn Beazley has resigned as chair of the Royal Perth Hospital Research Foundation.
  
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• Perth biotech company raises $30m

  11-05-2023 06:52 via businessnews.com.au
  
  Nedlands-based Biotechnology company PYC Therapeutics has raised $30 million to progress its series of drug trials.
  
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• WA budget gives households $400 power bill credit as multi-billion dollar surplus confirmed, as it happened

  11-05-2023 06:42 via abc.net.au
  
  The WA budget is being announced, with the state expected to confirm a $4 billion surplus.
  
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• Live: WA budget gives households $400 power bill credit as multi-billion dollar surplus confirmed

  11-05-2023 06:42 via abc.net.au
  
  The WA budget is being announced, with the state expected to confirm a $4 billion surplus. Follow live as we unpack the details.
  
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• Live: Mark McGowan's latest budget is set to confirm WA's place as the richest state in the nation

  11-05-2023 06:42 via abc.net.au
  
  The WA budget is being announced, with the state expected to confirm a $4 billion surplus. Follow live as we unpack the details.
  
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• Faulty brakes on mining equipment involved in worker death 'could have been detected pre incident', judge finds

  11-05-2023 06:14 via abc.net.au
  
  A central Queensland mine operator has been cleared of breaching workplace health and safety laws over the death of a miner, despite a court ruling there was an "obvious" risk with faulty machinery.
  
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• Sydney oceanfront property sells for close to $45 million amid cost-of-living crunch

  11-05-2023 05:54 via abc.net.au
  
  The bungalow was owned by late radio star Harry Griffiths and has been held by the family for over six decades.
  
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• Westfield centres boost Scentre sales

  11-05-2023 05:41 via businessnews.com.au
  
  Shopping centre magnate Scentre Group has bolstered its sales and customer visitation numbers off the back of its four Perth precincts.
  
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• HelloFresh apologises to farmers market over false claims

  11-05-2023 04:58 via abc.net.au
  
  HelloFresh sales representatives told customers their kits contained fresh produce from Bunbury Farmers Market.
  
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• Silver Lake puts pressure on St Barbara

  11-05-2023 04:29 via businessnews.com.au
  
  Silver Lake Resources has lobbed a revised proposal to merge with St Barbara saying it ‘stands ready’ to progress due diligence and move to a binding offer.
  
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• Italian company moves ahead with 'carbon bomb' gas field in Timor Sea

  11-05-2023 03:47 via abc.net.au
  
  Energy company Eni has quietly revived plans to develop a gas field in the Timor Sea which contains some of the most carbon-intensive gas in Australia, "far more than any other gas field that is being developed".
  
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• Green energy attracts $2.8bn spend

  11-05-2023 03:29 via businessnews.com.au
  
  The state government has committed $2.8 billion to four green energy projects, as part of an ongoing commitment to its net zero emissions by 2050 target.
  
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