Analyst news

• Live: US Federal Reserve expects 'moderate' rate rises to resume, H&M shares soar as profit jumps, ASX to open higher

  29-06-2023 23:57 via abc.net.au
  
  Stronger than expected economic data out of the US suggests its central bank will resume its "moderate pace of interest rate decisions" at its next meeting, while European markets gained after inflation data and profit figures. Follow live.
  
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• Live: Federal government's budget surplus swells to $19 billion, AGL charged by energy regulator, ASX higher

  29-06-2023 23:57 via abc.net.au
  
  The ASX opens unexpectedly lower on the last day of the 2022-23 financial year after the Australian Energy Regulator charges AGL for failing to meet its obligations under the National Electricity Rules. Follow live.
  
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• Live: AGL charged by energy regulator for breaching electricity rules, ASX opens lower on final day of financial year

  29-06-2023 23:57 via abc.net.au
  
  The ASX opens unexpectedly lower on the last day of the 2022-23 financial year after the Australian Energy Regulator charges AGL for failing to meet its obligations under the National Electricity Rules. Follow live.
  
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• Federal government's budget surplus swells to $19 billion, AGL charged by energy regulator, ASX closes higher — as it happened

  29-06-2023 23:57 via abc.net.au
  
  The ASX finishes higher on the last day of the 2022-23 financial year, off the back of the federal government posting a larger-than-expected budget surplus. Look back on the day's business and finance news with our blog.
  
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• Truckies say $7m for new checking station should have been spent on 'buggered' NSW roads

  29-06-2023 23:48 via abc.net.au
  
  Truckies say millions of dollars are being spent on "whizzbang technology" to fine drivers for issues with their trucks that are often caused by neglected roads.
  
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• Truck drivers furious over plans for checking station on 'buggered' roads

  29-06-2023 23:48 via abc.net.au
  
  Truckies say millions of dollars are being spent on "whizzbang technology" to fine heavy-vehicle drivers in NSW — instead of making the roads safer for them to drive on.
  
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• $7m for new truck checking station should have been spent on 'buggered' NSW roads, drivers say

  29-06-2023 23:48 via abc.net.au
  
  Truckies say millions of dollars are being spent on "whizzbang technology" to fine drivers for issues with their trucks, which are often caused by neglected roads.
  
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• 'I cried myself to sleep': The highs and lows of chasing Taylor Swift tickets

  29-06-2023 23:08 via abc.net.au
  
  When Bridget Saric sat down at her computer before sunrise on Wednesday, all the preparations for battle were in place. It wasn't enough to land her pre-sale Taylor Swift tickets. 
  
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• Four million people lined up for pre-sale Taylor Swift tickets. This is what it was like

  29-06-2023 23:08 via abc.net.au
  
  When Bridget Saric sat down at her computer before sunrise on Wednesday, all the preparations for battle were in place. It wasn't enough to land her pre-sale Taylor Swift tickets. 
  
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• Locked in a building dispute over her new home, Rebecca's backing calls for an overhaul of the mediator

  29-06-2023 22:30 via abc.net.au
  
  Leaked documents show the Victorian government's expert panel on building reform wants stricter regulations for high-rise developers, and an overhaul of the state's disputes service as wait times blow out to three months.
  
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• Vic timber family moves interstate amid growing sawmill closures

  29-06-2023 21:57 via abc.net.au
  
  The last sawmill in Far East Gippsland has shut down permanently, forcing workers to move out of timber towns to find new jobs ahead of the closure of native timber forestry.
  
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• Worlds collide in the mining industry as Australia gears up for net zero

  29-06-2023 21:43 via abc.net.au
  
  Jim Chalmers said the mining industry's "place in our country" has never been more secure, but BHP chief executive Mike Henry said his company won't be continuing investment in Queensland. 
  
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• Limits on the amount of hours international students can work are set to return — and employers are nervous

  29-06-2023 21:43 via abc.net.au
  
  Last year, a cap on the hours international students could work was lifted to help counter COVID workforce shortages. It's being reinstated from July — and employers and students are worried.
  
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• 'It's getting harder and harder to find people to do the work': Employers worried about work cap on international students

  29-06-2023 21:43 via abc.net.au
  
  Last year, a cap on the hours international students could work was lifted to help counter COVID workforce shortages. It's being reinstated from July — and employers and students are worried.
  
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• Erica works hard as a dishwasher — but the return of work limits for international students could mean a loss of hours

  29-06-2023 21:43 via abc.net.au
  
  Last year, a cap on the hours international students could work was lifted to help counter COVID workforce shortages. It's being reinstated from July — and employers and students are worried.
  
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• Female solicitors outnumber their male counterparts in NSW, but the gender pay gap persists

  29-06-2023 21:16 via abc.net.au
  
  Additionally, only 0.9 per cent of all respondents identified as Aboriginal or Torres Strait Islander, and a shortage of solicitors in regional parts of the state remained.
  
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• Australians skipping genetic screening tests out of fear it will affect life insurance coverage

  29-06-2023 21:02 via abc.net.au
  
  Life insurance companies are accused of "genetic discrimination" in determining coverage and premiums, with researchers finding some Australians are skipping tests that could detect risk of disease to avoid the results affecting their life insurance.
  
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• PNG bans 'emotionally triggering' music by popular artist Jayrex

  29-06-2023 20:38 via abc.net.au
  
  Papua New Guinea's chief censor has temporarily banned venues and broadcasters from playing music by a controversial local singer after a complaint several songs contain "emotionally triggering lyrics", but how the tracks are triggering remains unclear.
  
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• PNG bans artist's 'emotionally triggering' music — but doesn't know which lyrics are problematic

  29-06-2023 20:38 via abc.net.au
  
  Papua New Guinea's chief censor has temporarily banned venues and broadcasters from playing music by a controversial local singer after a complaint several songs contain "emotionally triggering lyrics", but how the tracks are triggering remains unclear.
  
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• More recent buyers are reselling their homes, and that may be an early sign of mortgage troubles

  29-06-2023 20:02 via abc.net.au
  
  An increasing number of Australians are selling homes that they have owned for fewer than two years, many at a loss, and analysts warn it might be an early sign of mortgage distress.
  
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• 'Calmly selling': Are struggling mortgage borrowers starting to get out while the going is still good?

  29-06-2023 20:02 via abc.net.au
  
  An increasing number of Australians are selling homes that they have owned for fewer than two years, many at a loss, and analysts warn it might be an early sign of mortgage distress.
  
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• Victorian taxpayers billed more than $80,000 for Daniel Andrews' latest trip to China

  29-06-2023 16:22 via abc.net.au
  
  Mr Andrews spent four days meeting senior officials in Beijing, Nanjing and Chengdu before returning to a hostile reception in Melbourne.
  
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• Sri Lankans to get five-day public holiday as authorities seek to prevent a bank run during debt restructuring

  29-06-2023 14:59 via abc.net.au
  
  Sri Lanka's cabinet a day earlier approved a plan to restructure nearly half of its $63.7 billion domestic debt, a requirement of an IMF bailout package.
  
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• Sri Lankan banks will be spared from its debt restructure

  29-06-2023 14:59 via abc.net.au
  
  The bulk of the burden of the $US19.8 billion restructure plan will be shared by the Central Bank and superannuation funds.
  
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• Sydney turns pink for Barbie as stars descend on city ahead of a 'summer of blockbusters'

  29-06-2023 11:08 via abc.net.au
  
  With the release date for Barbie creeping closer and closer, the stars of the film have hit the publicity circuit with today's visit to Bondi one stop on a global tour.
  
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• Crocodiles headed for Blue Mountains? Developers vow to build wildlife park more than 30 years after it was approved

  29-06-2023 10:56 via abc.net.au
  
  It was approved in 1989 despite bitter opposition over plans to bring crocodiles into the cold NSW region. So will this wildlife centre finally be built? 
  
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• Mincor, BHP in negotiations over nickel issues

  29-06-2023 10:36 via businessnews.com.au
  
  Mincor Resources is seeking a waiver from major customer BHP after failing to meet terms under a purchasing agreement, with discussions likely to continue through to next week.
  
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• At Close of Business podcast June 29 2023

  29-06-2023 10:35 via businessnews.com.au
  
  Mark Beyer speaks to Jack McGinn on the successes of Perdaman’s Vikas Rambal and his ambitious plans for the future.
  
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• Tips on how to minimise the pain of impending power prices hikes

  29-06-2023 09:51 via abc.net.au
  
  As the cold blast of winter hits and energy bills increase, Cara Bush is looking to cut costs wherever she can to stay warm without breaking the bank.
  
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• Libs desperate for by-election boost

  29-06-2023 09:42 via businessnews.com.au
  
  While Labor is unlikely to lose next month’s by-election in Rockingham, both sides will be closely following any voter trends and swings.
  
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• Aust shares tread water after retail sales surprise

  29-06-2023 09:32 via businessnews.com.au
  
  The local bourse has finished essentially flat after strong retail spending growth tempered expectations the Reserve Bank will keep interest rates steady.
  
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• WA's agriculture industry 'overregulated'

  29-06-2023 09:27 via businessnews.com.au
  
  WA’s $15.5 billion agriculture industry is the most heavily regulated in the nation with the incoming Aboriginal cultural heritage laws expected to create more red tape, according to a report.
  
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• Fish farm owes NAB $10m

  29-06-2023 09:20 via businessnews.com.au
  
  Barramundi farm operator Marine Produce Australia has received help from a Tasmania-based company to continue trading after exhausting funds, including from NAB.
  
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• Iron ore miner eyes WA expansion with $10m port, rail acquisitions

  29-06-2023 08:56 via abc.net.au
  
  Iron ore miner Fenix Resources is expanding to become a bulk commodity logistics operator for other resources, including lithium, by purchasing WA mine, port and rail infrastructure. 
  
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• Retail trade rises 0.7pc

  29-06-2023 08:17 via businessnews.com.au
  
  The nation’s retail turnover rose a moderate 0.7 per cent in May supported by discount shopping and higher food-related spending, according to the Australian Bureau of Statistics.
  
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• BHP plans 1,000-bed mining camp in Kalgoorlie-Boulder

  29-06-2023 08:16 via abc.net.au
  
  Kalgoorlie-Boulder's Mayor has warned the local economy could miss out on "millions of dollars", if a 1,000-bed workers' camp proposed by mining giant BHP is built outside the historic city in Western Australia's Goldfields. 
  
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• Macmahon narrows revenue, earnings guidance

  29-06-2023 07:09 via businessnews.com.au
  
  Macmahon Holdings boss Michael Finnegan says the contractor is nearing its earnings margin target after narrowing its 2023 financial year guidance expectations.
  
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• Pet insurance sold by RSPCA, Guide Dogs, Woolworths and others banned

  29-06-2023 06:00 via abc.net.au
  
  Organisations including the RSPCA and Guide Dogs, and big brands like Woolworths, Medibank and Petbarn, are ordered to stop selling pet insurance policies.
  
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• Pet insurance ban lifted after Woolworths, RSPCA, Guide Dogs and more pull policies

  29-06-2023 06:00 via abc.net.au
  
  The corporate regulator allows dozens of pet insurance policies to go back on the market after issuing a ban that lasted less than a day.
  
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• Big brands blocked from selling pet insurance

  29-06-2023 06:00 via abc.net.au
  
  Big brands such as Woolworths, the RSPCA and Pet Barn have been temporarily blocked from selling pet insurance.
  
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• Fenix spends $25m on Mid West assets

  29-06-2023 05:42 via businessnews.com.au
  
  Fenix Resources is set to buy Mount Gibson Iron's Shine iron ore mine on care and maintenance and its rail and port assets in the Mid West under a $25 million deal.
  
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• Fenix spends $25m for Mid West mine

  29-06-2023 05:42 via businessnews.com.au
  
  Fenix Resources is set to buy Mount Gibson Iron's Shine iron ore mine on care and maintenance and its rail and port assets in the Mid West under a $25 million deal.
  
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• Fenix spends $25m for Mid West assets

  29-06-2023 05:42 via businessnews.com.au
  
  Fenix Resources is set to buy Mount Gibson Iron's Shine iron ore mine on care and maintenance and its rail and port assets in the Mid West under a $25 million deal.
  
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• SKS’s $52m West Perth build approved

  29-06-2023 05:23 via businessnews.com.au
  
  A 21-storey apartment development aimed to activate the West Perth precinct has been green lit by a development assessment panel.
  
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• Veggie 'oversupply' sees 70pc price drop on some produce, with farmers struggling to recoup costs

  29-06-2023 05:18 via abc.net.au
  
  Due to an unusually warm winter in northern Australia, an oversupply of fresh produce like capsicums and tomatoes is leading to fears that farmers' costs for growing vegetables will soon outweigh their return.
  
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• Veggie 'oversupply' sees 70pc price drop on some produce, farmers struggle to recoup costs

  29-06-2023 05:18 via abc.net.au
  
  Due to an unusually warm winter in northern Australia, an oversupply of fresh produce like capsicums and tomatoes is leading to fears that farmers' costs for growing vegetables will soon outweigh their return.
  
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• Curiosity a human condition

  29-06-2023 05:00 via businessnews.com.au
  
  AI will have a hard time replacing human curiosity, critical thinking and scientific thought.
  
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• St Barbara board moves after Leonora sale

  29-06-2023 04:23 via businessnews.com.au
  
  St Barbara will undergo top-level staff changes following the sale of its Leonora assets to Rayleigh Finlayson’s Genesis Minerals.
  
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• Cultural heritage group unveiled as 'light touch' promised

  29-06-2023 03:42 via businessnews.com.au
  
  The state government has announced an implementation group to help roll out new Aboriginal cultural heritage (ACH) laws and committed to a “light touch” approach from their introduction on Saturday.
  
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• Cultural heritage consultation group unveiled

  29-06-2023 03:42 via businessnews.com.au
  
  The state government has announced an implementation group to help roll out new Aboriginal cultural heritage (ACH) laws, which come into effect on Saturday.
  
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