Analyst news

• 'Inevitable' home loan arrears will rise as 'mortgage prisoners' struggle with rate surge, analyst says

  26-05-2023 20:52 via abc.net.au
  
  Around half of fixed rate borrowers whose low-rate home loans are expiring over the next two years are planning to leave their current lender, but it's those customers who can't that might prove a bigger problem for the banks, new research finds.
  
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• Banks face 'mortgage prisoners' and escapees as the reality of soaring rates bites

  26-05-2023 20:52 via abc.net.au
  
  Around half of fixed rate borrowers whose low-rate home loans are expiring over the next two years are planning to leave their current lender, but it's those customers who can't that might prove a bigger problem for the banks, new research finds.
  
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• Passenger arrested after opening emergency plane door in mid-air in Korea

  26-05-2023 14:40 via abc.net.au
  
  South Korean police detain a man who opened the door of an Asiana Airlines plane minutes before it was due to land in the city of Daegu.
  
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• 'I thought the plane was going to explode': Emergency door opened mid-air during Korean flight

  26-05-2023 14:40 via abc.net.au
  
  South Korean police detain a man who opened the door of an Asiana Airlines plane minutes before it was due to land in the city of Daegu.
  
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• 'An incredible experience': Forty years of Cannes film festivals through one man's camera lens

  26-05-2023 12:03 via abc.net.au
  
  Photographer Eric Gaillard has been taking photos at the festival since 1981, when it was a small and intimate affair.
  
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• Bungendore landscaper who tried to import cocaine in excavator sentenced to 11 years in jail

  26-05-2023 10:23 via abc.net.au
  
  Timothy Engstrom is sentenced to 11 and a half years in prison over his part in a plot to import nearly 300 kilograms of cocaine hidden in the arm of an excavator from South Africa.
  
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• At Close of Business May 26 2023

  26-05-2023 10:04 via businessnews.com.au
  
  Senior journalists Jack McGinn and Claire Tyrrell discuss changes to Perth’s housing market over the decades.
  
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• Mark My Words May 26 2023

  26-05-2023 09:41 via businessnews.com.au
  
  In this podcast Mark Pownall and Mark Beyer discuss the PwC tax scandal, new rental laws, BHP labour warning, Native title breakthrough, Nedlands aged care, Infrastructure, Indigenous business, menopause and universal construction.
  
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• Byrnecut boss lashes Same Job, Same Pay

  26-05-2023 09:20 via businessnews.com.au
  
  The federal government’s proposed Same Job Same Pay legislation is a reflection of policy makers not living “in the real world”, according to Byrnecut Group executive director Steve Coughlan.
  
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• ASX suffers worst week in two months

  26-05-2023 09:19 via businessnews.com.au
  
  The Australian share market has finished up 0.2 per cent for the day, but closed the week down 1.7 per cent after losses from Monday to Thursday.
  
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• Mid-West hydrogen hub progresses

  26-05-2023 09:03 via businessnews.com.au
  
  Green ammonia producers Kinara Power and Blue Diamond have progressed lease negotiations for land in the Oakajee Strategic Industrial Area in the Mid-West.
  
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• Cannon-Brookes to acquire Sun Cable

  26-05-2023 08:46 via businessnews.com.au
  
  Billionaire Mike Cannon-Brookes is set to acquire collapsed renewable energy business Sun Cable, despite interest from former project partner Andrew Forrest.
  
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• High levels of lead detected in water at two Queensland Health facilities

  26-05-2023 08:44 via abc.net.au
  
  Routine testing of water at Atherton Hospital and Yarrabah Health Facility picked up the lead contamination, according to Queensland Health
  
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• Retail trade plateaus as interest rate rises take toll

  26-05-2023 08:16 via businessnews.com.au
  
  Australians are reining in their spending, although the unusually fierce start to winter weather prompted many to splash out on new warm clothes.
  
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• NRW secures $54m Rio contract

  26-05-2023 08:01 via businessnews.com.au
  
  NRW Holdings has secured a $54 million contract from Rio Tinto for work at the miners Western Range iron ore project in the Pilbara.
  
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• An investment in all our futures

  26-05-2023 08:00 via businessnews.com.au
  
  Despite significant progress, the disability services sector still faces tensions between desired outcomes and the costs of achieving them.
  
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• Mike Cannon-Brookes wins control of Sun Cable after solar farm fall-out with Andrew Forrest

  26-05-2023 07:25 via abc.net.au
  
  Billionaire Mike Cannon-Brookes claims control of the controversial Sun Cable solar export project, winning a bidding war after falling out with his former project partner, Andrew Forrest.
  
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• Mike Cannon-Brookes defeats Andrew Forrest in bidding war over Sun Cable project

  26-05-2023 07:25 via abc.net.au
  
  Billionaire Mike Cannon-Brookes claims control of the controversial Sun Cable solar export project, winning a bidding war with his former project partner, Andrew Forrest.
  
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• Mike Cannon-Brookes defeats Andrew Forrest in bidding war over $30b Sun Cable project

  26-05-2023 07:25 via abc.net.au
  
  Billionaire Mike Cannon-Brookes claims control of the controversial Sun Cable solar export project, winning a bidding war with his former project partner, Andrew Forrest.
  
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• Thousands of assessments still to be made by June 30 deadline for flood-affected residents

  26-05-2023 07:11 via abc.net.au
  
  Northern Rivers residents are frustrated and some are relocating while they wait for either buyback, house raising, or retrofit 14 months after the disaster.
  
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• APM wins $720m contract, forecasts profit hit

  26-05-2023 07:03 via businessnews.com.au
  
  Multinational human services provider APM has won a $720 million contract to provide its services in the UK but declared its earnings growth was expected to take a hit.
  
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• Tracey's grandkids hold their breath outside her house to avoid 'rotten egg smell' coming from local dumps

  26-05-2023 05:53 via abc.net.au
  
  An independent review conducted to find out if current laws have adequate compliance powers and appropriate penalties has made several recommendations.
  
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• WA proposes tenancy law reforms

  26-05-2023 05:39 via businessnews.com.au
  
  The state government has flagged reforms to tenancy laws in a bid to balance the rights between tenants and landlords, including banning rent bidding and allowing pets.
  
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• WA housing demand increases

  26-05-2023 05:34 via businessnews.com.au
  
  Housing Industry Association data shows that new housing sales are increasing in WA, but skills shortages persist.
  
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• $119m Kalgoorlie battery hub grant falls through

  26-05-2023 05:22 via businessnews.com.au
  
  A $119.6 million conditional federal government grant awarded under the Modern Manufacturing Initiative program to a battery mineral refinery hub near Kalgoorlie will not go ahead.
  
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• Perth Mint loses market share to rival

  26-05-2023 05:07 via businessnews.com.au
  
  As regulators scrutinize Perth Mint and the state government reviews its ownership, the business has continued to lose market share to rival ABC Refinery.
  
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• First Golden Guitar winner Joy McKean dies aged 93

  26-05-2023 04:42 via abc.net.au
  
  Joy McKean, the first winner of the Golden Guitar who was also the wife and manager of Slim Dusty, has died at the age of 93.
  
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• Rio’s indigenous spend tops $500m

  26-05-2023 04:31 via businessnews.com.au
  
  Mining giant Rio Tinto has topped long-time market leader Fortescue Metals Group as the biggest supporter of indigenous businesses in WA, data compiled by Business News shows.
  
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• Nurses union fined less than 1 per cent of potential penalty over strike outside WA parliament

  26-05-2023 04:22 via abc.net.au
  
  WA's Australian Nursing Federation is fined $350,000 for a strike outside state parliament last year that attracted thousands of nurses at the height of a bitter dispute over pay and conditions.
  
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• Elon Musk's Neuralink gets approval to start clinical trials implanting chips in human brains

  26-05-2023 04:06 via abc.net.au
  
  Elon Musk's brain-implant company Neuralink says it has received a green light from the US Food and Drug Administration (FDA) to kickstart its first-in-human clinical study, a critical milestone after earlier struggles to gain approval.
  
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• Housing Perth’s changing needs

  26-05-2023 03:51 via businessnews.com.au
  
  WA’s residential housing market has responded to demographic shifts over the decades.
  
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• German economy enters recession as inflation hits consumers

  26-05-2023 02:42 via abc.net.au
  
  The German economy was in recession in early 2023 after household spending in Europe's economic engine finally succumbed to the pressure of high inflation.
  
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• EU aims to seal Australia trade deal in a few months

  26-05-2023 02:31 via businessnews.com.au
  
  Swedish Trade Minister Johan Forssell says there is very strong support among European Union countries for a free trade deal with Australia.
  
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• Queenslanders who sell food from home could soon face tougher rules

  26-05-2023 00:57 via abc.net.au
  
  Ever bought a cake from a home business or ordered food online from a "dark" kitchen? Queensland is proposing stricter food safety laws for businesses operating from home.
  
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