Analyst news

• Rents rise, fears of a recession if the RBA raises rates again grow, ASX loses ground as China's economy slows — as it happened

  04-07-2023 23:26 via abc.net.au
  
  Australia's housing crisis continues as rents increase again over the June quarter. The ASX falls amid fears more interest rate rises will cause a recession. 
  
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• Live: Twitter defends cap on reading tweets, global stocks drift, Australian dollar rises to 67 US cents

  04-07-2023 23:26 via abc.net.au
  
  Twitter defends its decision to limit the number of tweets that users can read and the Australian dollar rises to 67 US cents. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: Twitter defends cap on reading tweets, ASX in the red, Australian dollar rises to 67 US cents

  04-07-2023 23:26 via abc.net.au
  
  Twitter defends its decision to limit the number of tweets that users can read, the ASX 200 falls, and the Australian dollar rises to 67 US cents. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: Rents rise and there are fears of a recession if the RBA raises rates again, ASX loses ground

  04-07-2023 23:26 via abc.net.au
  
  Australia's housing crisis continues as rents increase again over the June quarter. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• 'Incredible opportunity': Cate Blanchett and Warwick Thornton on the Voice referendum

  04-07-2023 22:54 via abc.net.au
  
  Hollywood star Cate Blanchett says this year's referendum on constitutional recognition and a Voice to Parliament represents "an incredible opportunity" for Australia to embrace its history.
  
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• The Northern Territory is getting hotter. Here's how harsher conditions could 'impair' the workforce

  04-07-2023 22:42 via abc.net.au
  
  Those working outdoors in the Northern Territory are forced to contend with extreme heat. Now scientists have looked to 2070 to see how the changing climate will impact the workforce.
  
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• Brooke just wants to see her baby girl get married. She hopes a new cancer drug trial can help

  04-07-2023 22:40 via abc.net.au
  
  Bendigo mum Brooke Lee wants to see her daughter go to school and get married. A new clinical trial may help make that possible.
  
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• Australian-first cancer drug trial offers hope to patients with incurable lymphoma

  04-07-2023 22:40 via abc.net.au
  
  Bendigo mum Brooke Lee wants to see her daughter go to school and get married. A new clinical trial may help make that possible.
  
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• People are being told their flooded homes are not high risk. The council begs to differ

  04-07-2023 22:33 via abc.net.au
  
  Residents from South Lismore were devastated by floods in 2022 but are struggling to access the scheme that offered them a chance of escape. Now they're being told the council wants to put a stop to residential development because of the flood risk.
  
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• 'We've gone backwards': Young family sells home because they can't afford repayments, interest rate pause no help

  04-07-2023 22:24 via abc.net.au
  
  A young couple is one of thousands of Australians who are selling their homes, despite interest rates staying on hold on Tuesday.
  
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• Treasury Wine Estates to close north-west Victorian winery, with 60 workers to lose their jobs

  04-07-2023 22:04 via abc.net.au
  
  Australia's largest wine company will close its Karadoc winery on the Murray River due to decline in global demand for commercial wine, announcing its decision to 60 affected workers today.
  
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• Treasury Wine Estates to close Karadoc winery amid rising costs and falling global demand

  04-07-2023 22:04 via abc.net.au
  
  Australia's largest wine company will close its Karadoc winery on the Murray River due to decline in global demand for commercial wine, announcing its decision to 60 affected workers today.
  
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• Treasury Wine Estates blames China trade freeze for closure of north-west Victorian winery that will leave 60 jobless

  04-07-2023 22:04 via abc.net.au
  
  Australia's largest wine company will close its Karadoc winery on the Murray River due to decline in global demand for commercial wine, announcing its decision to 60 affected workers today.
  
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• 'Trapped until I am 90': Rowena will pay tens of thousands of dollars in funeral insurance to protect her only asset

  04-07-2023 22:01 via abc.net.au
  
  Rowena admits it was a TV ad that convinced her to buy funeral insurance. She'd be happy with a 'no frills' send-off but says she feels trapped in the arrangement, which will see her pay $40,000 by the time she's 90. 
  
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• Tanya Plibersek says 'course correction' required for off-track Murray-Darling Basin Plan

  04-07-2023 21:55 via abc.net.au
  
  The federal water minister says the plan is "too far behind" and has requested advice on whether its water-recovery targets can be achieved by the legislated June 2024 deadline.
  
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• 'It feels so empty': The forbidden kingdom of Bhutan is turning into a ghost town

  04-07-2023 21:39 via abc.net.au
  
  After centuries of isolation, Bhutan opened its doors to tourism in the 1970s. But when the ABC was granted rare entry into the country, it found a nation losing a high proportion of people — mainly to Australia.
  
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• Bhutan prioritised happiness over wealth. Now its young people are leaving in droves

  04-07-2023 21:39 via abc.net.au
  
  After centuries of isolation, Bhutan opened its doors to tourism in the 1970s. But when the ABC was granted rare entry into the country, it found a nation losing a high proportion of people mainly to Australia.
  
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• House prices expected to continue to 'defy gravity' following pause in interest rates

  04-07-2023 11:26 via abc.net.au
  
  Real estate analysts say there is no indication the current trend of rising house prices will end yet, but doubt pace can be sustained.
  
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• Indonesia signs deal with BCI Minerals

  04-07-2023 10:14 via businessnews.com.au
  
  A company owned by the Indonesian government is evaluating a $100 million equity investment in BCI Minerals after signing a non-binding offtake agreement.
  
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• WA e-waste projects get $6.5m boost

  04-07-2023 10:13 via businessnews.com.au
  
  More than 20 e-waste recycling projects have received state government funding, with about $4 million allocated to a Western Australian group.
  
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• At Close of Business podcast July 4 2023

  04-07-2023 10:08 via businessnews.com.au
  
  Mark Pownall and Jack McGinn discuss interesting developments in mineral exploration in the state's South West.
  
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• Politics of subs deal yet to play out

  04-07-2023 10:07 via businessnews.com.au
  
  Some US lawmakers still have concerns about the nuclear-powered subs death with Australia.
  
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• Perth base for Clemenger, Bertling JV

  04-07-2023 10:01 via businessnews.com.au
  
  National business Clemenger International Freight have partnered with German-based Bertling Logistics, with the companies' joint venture to be headquartered in Perth.
  
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• Court rules over Holiday Inn site dispute

  04-07-2023 09:38 via businessnews.com.au
  
  The Supreme Court of Western Australia has ruled over a dispute on the $21.5 million sale of a Perth CBD site that was formerly earmarked for the first Holiday Inn Express in Australia.
  
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• Marawar maintenance arm in administration

  04-07-2023 09:30 via businessnews.com.au
  
  Civil West Construction, linked to MGroup’s construction arm Marawar, has entered voluntary administration this week.
  
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• Australian stocks leap after RBA keeps rates on hold

  04-07-2023 09:12 via businessnews.com.au
  
  The local share market jumped 0.69 per cent in under 15 minutes to finish 0.45 per cent higher after the Reserve Bank kept the cash rate steady at 4.1 per cent.
  
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• Cedrent wins $8m BHP contract

  04-07-2023 09:08 via businessnews.com.au
  
  Mining giant BHP has awarded an $8 million contract to car hire company Cedrent Enterprises, partly owned by the Yindjibarndi Aboriginal Corporation in the Pilbara.
  
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• 'Near record repayment levels for first-home buyers': The cost of future interest rate rises

  04-07-2023 08:41 via abc.net.au
  
  New information from the Australian National University shows that first-home buyers could end up putting 40 per cent of their incomes towards mortgage repayments if interest rates rise twice more this year.
  
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• 'At or certainly near record repayment levels for first-home buyers': The cost of future interest rate rises

  04-07-2023 08:41 via abc.net.au
  
  New information from the Australian National University shows that first-home buyers could end up putting 40 per cent of their incomes towards mortgage repayments if interest rates rise twice more this year.
  
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• Westgold exits Musgrave takeover battle

  04-07-2023 08:34 via businessnews.com.au
  
  Westgold Resources has exited the takeover contest for Musgrave Minerals after announcing it didn’t intend to improve its $177 million merger proposal following Ramelius Resources’ offer.
  
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• 'Strange' weather in NSW parches soil in some parts while drenching state's west

  04-07-2023 08:29 via abc.net.au
  
  About 30 per cent of the state's crops are struggling due to unseasonably dry conditions last month. But elsewhere, some towns have received record rain while others have shivered through their coldest June mornings ever.
  
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• There's a growing community backlash to transmission line projects. This review hopes to quell concerns

  04-07-2023 08:28 via abc.net.au
  
  Federal Energy Minister Chris Bowen seeks to head off growing community opposition to transmission lines, launching an inquiry into how projects are planned.
  
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• Reserve Bank keeps rates on hold for July, but more hikes could be coming

  04-07-2023 06:48 via abc.net.au
  
  The Reserve Bank says rates will remain on hold for July at 4.1 per cent, but more rate hikes could be coming.
  
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• Reserve Bank delivers a reprieve for mortgage holders, but more hikes could be coming

  04-07-2023 06:48 via abc.net.au
  
  The Reserve Bank says rates will remain on hold for July at 4.1 per cent, but more rate hikes could be coming.
  
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• RBA opts against cash rate hike

  04-07-2023 06:31 via businessnews.com.au
  
  The Reserve Bank of Australia has offered mortgage holders some relief after it held the nation’s cash rate target at 4.1 per cent following its July meeting today.
  
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• Nexia merges with small advisory firm

  04-07-2023 06:29 via businessnews.com.au
  
  Global accounting and advisory firm Nexia Perth has merged with Subiaco-based peer Cicero Group, taking on board four of its five staff members.
  
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• Regulator fines Perth bank $247k

  04-07-2023 05:26 via businessnews.com.au
  
  The financial services regulator has fined BNK Banking Corporation $247,500 after the Perth-based digital bank breached its data reporting obligations.
  
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• Scyne Advisory carved out of PwC

  04-07-2023 05:06 via businessnews.com.au
  
  Allegro Funds has committed to invest $100 million in Scyne Advisory, the new public sector firm with about 130 former PwC partners, including at least six in WA.
  
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• Record quarterly for Silver Lake Resources

  04-07-2023 04:57 via businessnews.com.au
  
  Silver Lake Resources has recorded a record quarterly sales result with 83,540 ounces, driven by production from its Western Australian operations.
  
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• Australia to ease visa rules to boost Indonesian ties

  04-07-2023 02:35 via businessnews.com.au
  
  Increased travel access for Indonesians is set to be announced when Joko Widodo and Anthony Albanese meet on the first day of the Indonesian leader's visit.
  
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• Miners face tree change challenge

  04-07-2023 02:00 via businessnews.com.au
  
  Demand for lithium is driving resources companies into unexplored territory.
  
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• Pet owners warned against 'playing vet' amid cost-of-living crisis

  04-07-2023 01:12 via abc.net.au
  
  As people shy away from professional help due to tightening household budgets, vets are seeing the all-too-real consequences for suffering pets.
  
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• RBA pauses interest rate rises 'to assess the state of the economy', ASX closes higher — as it happened

  04-07-2023 00:15 via abc.net.au
  
  The RBA delivers relief to mortgage borrowers by deciding to leave rates on hold at 4.1 per cent at its July meeting, after two dozen protesters gather outside its headquarters in Sydney.
  
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• Live: RBA to decide on potential 13th interest rate hike, ASX to open flat

  04-07-2023 00:15 via abc.net.au
  
  The Australian share market is likely to start its day relatively flat ahead of a potential interest rate hike from the Reserve Bank, Wall Street closed marginally higher, while Tesla shares jumped almost 7 per cent after the company reported stronger-than-expected production results. Follow the latest updates in our live blog.
  
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• Live: RBA pauses interest rate rises 'to assess the state of the economy'

  04-07-2023 00:15 via abc.net.au
  
  The RBA delivers a brief reprieve to mortgage borrowers by deciding to leave rates on hold at its July meeting, after two dozen protesters gather outside its headquarters in Sydney. Follow live.
  
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• Live: RBA leaves interest rates on hold at 4.1pc as protesters gather outside, ASX steady

  04-07-2023 00:15 via abc.net.au
  
  About two dozen protesters have gathered outside the RBA's headquarters in Sydney ahead of this afternoon's interest rate decision, while trade on the Australian share market remains steady. Follow live.
  
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• Live: PwC's government advisory business renamed 'Scyne Advisory', RBA interest rate decision looms, ASX to open flat

  04-07-2023 00:15 via abc.net.au
  
  Allegro buys PwC's government consulting business and renames it 'Scyne Advisory', while the Australian share market is likely to start its day relatively flat ahead of a potential interest rate hike from the Reserve Bank. Follow live.
  
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• Live: PwC's government advisory business renamed 'Scyne Advisory', RBA interest rate decision looms, ASX flat

  04-07-2023 00:15 via abc.net.au
  
  Allegro buys PwC's government consulting business and renames it 'Scyne Advisory', while the Australian share market has started its day relatively flat ahead of a potential interest rate hike from the Reserve Bank. Follow live.
  
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• Live: Protesters gather outside the Reserve Bank of Australia ahead of interest rates decision, ASX steady

  04-07-2023 00:15 via abc.net.au
  
  Around two dozen protesters have gathered outside the RBA's headquarters in Sydney ahead of this afternoon's interest rate decision, while trade on the Australian share market remains steady. Follow live.
  
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