Analyst news

• Australia and European Union fail to reach free trade deal despite visit to break deadlock

  11-07-2023 23:41 via abc.net.au
  
  A free trade deal between Australia and the EU sits at an impasse after the trade minister walks away from negotiations in Brussels without an agreement.
  
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• Australia and European Union at an impasse over free trade deal despite visit to break deadlock

  11-07-2023 23:41 via abc.net.au
  
  A free trade deal between Australia and the EU is at a standstill after the trade minister walks away from negotiations in Brussels without an agreement.
  
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• Lowe 'confident' high interest rates are working but more hikes may be needed, ASX rises — as it happened

  11-07-2023 23:28 via abc.net.au
  
  RBA governor Philip Lowe says he is confident higher interest rates are working and outlines an overhaul of Australia's central bank. And bank bosses say more borrowers are in trouble. 
  
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• Live: US stocks gain ahead of inflation report, Treasurer says RBA appointment will go to cabinet for approval

  11-07-2023 23:28 via abc.net.au
  
  Wall Street rose boosted by energy stocks on higher oil prices, and Treasurer Jim Chalmers says his recommendation for next RBA governor will go to cabinet for approval. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: US stocks gain ahead of inflation report, RBA governor set to speak

  11-07-2023 23:28 via abc.net.au
  
  Wall Street rose boosted by energy stocks on higher oil prices, and RBA governor Philip Lowe will give a major speech on the restructure of the Reserve Bank. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: Treasurer says RBA governor appointment will go to cabinet for approval soon, ASX rises on higher commodity prices

  11-07-2023 23:28 via abc.net.au
  
  Treasurer Jim Chalmers says his recommendation for next RBA governor will go to cabinet for approval, and the Australian market follows a rise on Wall Street. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: RBA governor set to discuss changes to bank's structure and reasons for rate pause, ASX higher on commodity prices

  11-07-2023 23:28 via abc.net.au
  
  RBA governor Philip Lowe is speaking in Brisbane where he's expected to discuss changes to the bank's structure and reasons for pausing its current rate hiking cycle last week. Follow live.
  
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• Live: RBA governor reveals changes to bank's structure and reasons for rate pause

  11-07-2023 23:28 via abc.net.au
  
  RBA governor Philip Lowe is speaking in Brisbane where he's expected to discuss changes to the bank's structure and reasons for pausing its current rate hiking cycle last week. Follow live.
  
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• Live: Lowe 'confident' high interest rates are working but more hikes may be needed, NAB boss faces questions

  11-07-2023 23:28 via abc.net.au
  
  RBA governor Philip Lowe says he is confident higher interest rates are having their desired impact on the economy, but flags future increases may be necessary to tame inflation. Follow live.
  
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• Wide Bay hydro project poses potential agricultural risks, growers say

  11-07-2023 23:25 via abc.net.au
  
  Growers and graziers in one of Queensland's food bowls fear a pumped hydro project may threaten food security and livelihoods across the region.
  
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• Hydro project poses potential agricultural risks, growers say

  11-07-2023 23:25 via abc.net.au
  
  Growers and graziers in one of Queensland's food bowls fear a pumped hydro project may threaten food security and livelihoods across the region.
  
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• Should crocodiles be culled again in the NT? Here's what happened last time

  11-07-2023 22:30 via abc.net.au
  
  The Northern Territory chief minister has reignited the crocodile culling debate following an attack at a popular swimming spot. A professor calls her reaction "knee-jerk".
  
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• Community outraged as lead, zinc, and silver miner's exploration plans approved

  11-07-2023 21:43 via abc.net.au
  
  A mining company is given the green light to explore for more minerals in the Central West of NSW, just months after its plan for a mine in the area was approved despite lead contamination fears.
  
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• When Erika offered $700k for a home, she didn't know it was 'better suited to demolition'

  11-07-2023 21:26 via abc.net.au
  
  Erika Vlasic received two reports about a home she wanted to buy. She said one came back with "no big issues", the other found the property was suited to "demolition".
  
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• ‘Unsuitable for any form of habitation’: How Erika was spared from buying a home fit for demolition

  11-07-2023 21:26 via abc.net.au
  
  Erika Vlasic received two reports about a home she wanted to buy. She said one came back with "no big issues", the other found the property was suited to "demolition".
  
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• Why the hashtag 'consumption downgrade' is trending on Chinese social media

  11-07-2023 20:49 via abc.net.au
  
  As China’s economy struggles to recover from the pandemic, consumer confidence in the country is weak and people are turning to social media to share tips on how to consume less and save money.
  
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• 'Scared to spend': Consumers in China ditch designer bags for totes as country risks deflation

  11-07-2023 20:49 via abc.net.au
  
  As China’s economy struggles to recover from the pandemic, consumer confidence in the country is weak and people are turning to social media to share tips on how to consume less and save money.
  
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• BBC presenter sent threatening messages to second young person

  11-07-2023 16:59 via abc.net.au
  
  A second young person claims to have received abusive messages from the BBC presenter accused of paying a teenager for sexually explicit images, while BBC insists on keeping him anonymous. 
  
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• BBC defends refusal to name top presenter at centre of explicit images scandal

  11-07-2023 16:59 via abc.net.au
  
  BBC chief Tim Davie insists on allowing a high-profile presenter accused of paying a teenager for sexually explicit images to remain anonymous, despite mounting calls for the presenter's identity to be revealed.
  
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• Australian wine grape vintage plummets to 23-year low

  11-07-2023 11:27 via abc.net.au
  
  Australia's 2023 vintage is well down on the 10-year average thanks to challenging weather and economic factors — but the industry hopes higher quality fruit will mean better prices.
  
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• At Close of Business podcast July 11 2023

  11-07-2023 10:09 via businessnews.com.au
  
  Liv Declerck and Jack McGinn discuss a local gallery's innovative new approach to buying, selling and exhibiting artwork.
  
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• Aust stocks follow US to snap four-day losing streak

  11-07-2023 09:45 via businessnews.com.au
  
  The local share market has finished 1.5 per cent higher after sliding bond yields and new Chinese economic stimulus sent investors flocking back to equity land.
  
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• Revival chance for Wiluna Mining

  11-07-2023 09:43 via businessnews.com.au
  
  Creditors for Wiluna Mining have approved a formal agreement between the company and its creditors to avoid the gold play and its subsidiaries winding up.
  
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• Sydney development company Toplace placed into administration

  11-07-2023 09:39 via abc.net.au
  
  Days after having its building licence permanently suspended, the building arm of the company founded by Jean Nassif has been put in the hands of administrators.
  
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• Court lands on $450m ‘sting’ for Crown

  11-07-2023 09:34 via businessnews.com.au
  
  A federal court judge has determined Crown Resorts is to pay the $450 million penalty put forward by AUSTRAC and the casino operator for its raft of breaches of Australia’s anti-money laundering laws.
  
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• Korean support for green energy project

  11-07-2023 09:27 via businessnews.com.au
  
  Korea’s largest electricity utility has signed an early agreement with the backers of the Western Green Energy Hub, one of several giant renewable energy projects mooted for WA.
  
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• ARTS REVIEW: Untold secrets and imagined landscapes

  11-07-2023 09:16 via businessnews.com.au
  
  Linde Ivimey’s captivating sculptures and Susan Roux’s striking large scale paper works make for a rich and rewarding experience at Art Collective WA, discovers Craig McKeough.
  
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• 'Shocker' construction sites in Newcastle shut down as officials blast alleged safety failures

  11-07-2023 09:07 via abc.net.au
  
  NSW Work Health and Safety Minister Sophie Cotsis says there is "absolutely no excuse" for noncompliance as stop work orders are issued at two construction sites in the city.
  
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• Flinders, BBI scrap Balla Balla deal

  11-07-2023 08:05 via businessnews.com.au
  
  A deal to acquire the Balla Balla infrastructure project in the Pilbara has fallen through after Flinders Mines terminated the proposed transaction with BBI Group.
  
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• Productivity is an attitude

  11-07-2023 08:04 via businessnews.com.au
  
  Our settings are wrong and complacency has become the issue.
  
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• Patriot fends off short report, M&A rumours

  11-07-2023 08:04 via businessnews.com.au
  
  Patriot Battery Metals says it has sought legal advice in response to a recent short-selling report taking aim at the company's Corvette lithium project in Quebec.
  
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• Monitored journey from paddock to plate

  11-07-2023 08:00 via businessnews.com.au
  
  Regenerative farming and produce traceability are good for business and consumers.
  
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• Mayor devastated after 'worst fears' for hospital upgrade confirmed

  11-07-2023 07:56 via abc.net.au
  
  Gunnedah's mayor says the state government has broken a key election promise after scaling back major regional hospital upgrades. 
  
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• Indigenous careers on right track

  11-07-2023 07:30 via businessnews.com.au
  
  An internship and mentoring program helping Indigenous Australians at university is hitting some impressive targets.
  
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• Ben Roberts-Smith appeals defamation loss

  11-07-2023 07:28 via businessnews.com.au
  
  War veteran Ben Roberts-Smith is appealing the loss of his defamation lawsuits after a judge found reports he committed war crimes were substantially true.
  
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• 'Build-up of snow' blamed for 18-hour power outage at Snowy Mountains ski resort

  11-07-2023 07:26 via abc.net.au
  
  Selwyn Snow Resort has criticised New South Wales' premier energy provider over a lengthy power outage on Sunday affecting its ability to operate during peak tourist season.
  
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• Solid footing to survive a buffeting

  11-07-2023 06:50 via businessnews.com.au
  
  Amid all the doom and gloom, it’s possible Australia will be able to dig its way out of trouble, again.
  
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• Houses sell fast amid strong demand

  11-07-2023 06:24 via businessnews.com.au
  
  Western Australian house and rental prices are expected to continue rising with properties selling at their fastest since 1998, new data has shown.
  
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• Electro Ventures raises $22m

  11-07-2023 06:07 via businessnews.com.au
  
  Perth tech group Electro Ventures has completed a $22 million capital raising while also closing its investment in a local firm that converts classic cars to electric.
  
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• Mining company agrees to record payout after admitting to draining millions of litres from Sydney water supply

  11-07-2023 05:17 via abc.net.au
  
  South32 will pay almost $2.9 million after an investigation found it had been taking two Olympic pools' worth of water from Sydney's catchment per day for the last five years.
  
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• Miner agrees to record payout after admitting to draining millions of litres from Sydney water supply

  11-07-2023 05:17 via abc.net.au
  
  South32 will pay almost $2.9 million after an investigation found it had been taking two Olympic pools' worth of water from Sydney's catchment per day for the last five years.
  
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• Xodus wins Northern Endeavour contract

  11-07-2023 05:11 via businessnews.com.au
  
  Global energy consultancy Xodus has joined the list of companies winning work on the decommissioning of the Northern Endeavour oil field in the Timor Sea.
  
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• End of an era as remote roadhouse changes hands for first time in 18 years

  11-07-2023 04:42 via abc.net.au
  
  After nearly two decades serving up their famous enormous burgers, rescuing dozens of stranded motorists and seeing a three-fold increase in traffic, the owners of one of Australia's most remote roadhouses have handed over the keys.  
  
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• Coffee culture an early casualty of cost-of-living crisis

  11-07-2023 03:25 via abc.net.au
  
  The cost to make a flat white jumped by nearly one-fifth in two years, as the cafe industry faces cost of living pressures. 
  
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• Business structure breaks traditional gallery mould

  11-07-2023 03:22 via businessnews.com.au
  
  The operators of Dova Collective say they have delivered a new business model for art galleries.
  
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• Here’s a way to avoid tears when cutting onions

  11-07-2023 03:04 via abc.net.au
  
  A new variety of onion that promises not to cause tears is now on sale in a major supermarket, after decades of development.
  
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• Cutting onions may no longer be a crying matter as 'tearless' variety hits shelves

  11-07-2023 03:04 via abc.net.au
  
  A new variety of onion that promises not to cause tears is now on sale in a major supermarket, after decades of development.
  
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• 'An outlier': WA's economic performance rewarded as Moody's upgrades credit rating to AAA

  11-07-2023 02:36 via abc.net.au
  
  Western Australia is the only state or territory in the country to have the top credit rating from both major international rating agencies, after Moody's Investor Services upgraded it to AAA today. 
  
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• ‘Climate club’ entry to lift emissions ambition

  11-07-2023 02:32 via businessnews.com.au
  
  Anthony Albanese has confirmed Australia's entry into a German-led "climate club", which some groups say will push the nation to do more on emissions cuts.
  
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• WA reclaims Moody’s AAA credit rating

  11-07-2023 02:24 via businessnews.com.au
  
  Moody’s Investors Service has reinstated Western Australia to its highest possible AAA credit rating for the first time in almost a decade.
  
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