Analyst news

• Live: Commonwealth Bank and Westpac to face grilling over interest rates, US inflation slows, ASX to rise

  12-07-2023 23:33 via abc.net.au
  
  The bosses of Westpac and Commonwealth Bank will face the parliamentary economics committee, a day after ANZ and NAB executives were grilled over interest rates. Follow live.
  
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• Live: Commonwealth Bank and Westpac face grilling over interest rates, US inflation slows, ASX higher

  12-07-2023 23:33 via abc.net.au
  
  The bosses of Westpac and Commonwealth Bank are facing the parliamentary economics committee, a day after ANZ and NAB executives were grilled over interest rates. Follow live.
  
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• ASX finishes with best one-day rise this year, Commonwealth Bank and Westpac grilled over interest rates — as it happened

  12-07-2023 23:33 via abc.net.au
  
  The ASX has risen for the third straight day, posting its best one-day rise since January. It comes after the bosses of Westpac and Commonwealth Bank faced the parliamentary economics committee over interest rate decisions and scams.
  
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• Australia's 'most advanced' driverless car takes on outback roads

  12-07-2023 23:16 via abc.net.au
  
  Residents are excited to see if cars such as ZOE.2 can solve the swathe of transport issues and the tyranny of distance faced in the outback.
  
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• 3D-printed toilet block built in a few days could open door to housing solutions

  12-07-2023 22:26 via abc.net.au
  
  A groundbreaking development is taking place in Dubbo, western NSW, that could alter the housing crisis gripping regional NSW.
  
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• Water costs render outback resort unviable in peak tourist season

  12-07-2023 22:14 via abc.net.au
  
  A resort west of Alice Springs will close while owners negotiate a water pipeline to be built from a bore 18 kilometres away.
  
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• Outback resort closes after water transportation costs make facility economically unviable

  12-07-2023 22:14 via abc.net.au
  
  A resort west of Alice Springs will close while owners negotiate a water pipeline to be built from a bore 18 kilometres away.
  
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• AI news readers are becoming more common across Asia. Will Australia follow suit?

  12-07-2023 21:00 via abc.net.au
  
  Several countries across Asia are now welcoming AI news readers to their screens to present daily bulletins. Could Australia be willing to let digital bots pose as presenters?
  
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• Mining billionaires Andrew and Nicola Forrest announce break-up, insist 'no impact' on FMG operations

  12-07-2023 12:46 via abc.net.au
  
  One of Australia's richest couples announce their separation but insist there will be no impact on their shared ventures, including mining giant Fortescue Metals Group.
  
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• Andrew and Nicola Forrest reveal separation

  12-07-2023 12:40 via businessnews.com.au
  
  Australian power couple Andrew and Nicola Forrest have announced their separation but say the split will have no impact on the direction of their business empire.
  
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• At Close of Business podcast July 12 2023

  12-07-2023 09:56 via businessnews.com.au
  
  Simone Grogan and Jack McGinn discuss the state of play for the corporate finance sector in Western Australia.
  
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• ANZ boss says half the bank's home loan customers have called to change their interest rate

  12-07-2023 09:52 via abc.net.au
  
  ANZ CEO Shayne Elliott tells a parliamentary committee the bank's customers are proving resilient in the face of higher interest rates, with half engaging the bank to improve their mortgage rate.
  
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• Will's energy bill is going up by 80 per cent. His provider expects to double its profits

  12-07-2023 09:47 via abc.net.au
  
  New data from the Australian Competition and Consumer Commission shows millions of consumers are paying more on power bills than they should.
  
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• Millions of Australian households paying too much for electricity, according to ACCC

  12-07-2023 09:47 via abc.net.au
  
  New data from the Australian Competition and Consumer Commission shows millions of consumers are paying more on power bills than they should.
  
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• Ben Wyatt joins Stokes empire

  12-07-2023 09:36 via businessnews.com.au
  
  Former WA treasurer Ben Wyatt has become an adviser to Australian Capital Equity, adding to the network of powerful individuals close to its chair Kerry Stokes.
  
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• Broad Construction wins $31m contract

  12-07-2023 09:13 via businessnews.com.au
  
  Broad Construction Services has won a contract from the state government to redevelop facilities at Kalamunda Senior High School, a project previously handled by FIRM Construction.
  
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• Aust shares up as commodities lift energy, miners

  12-07-2023 09:10 via businessnews.com.au
  
  The local share market has finished 0.4 per cent higher after a positive lead from the US, with rising commodity prices benefiting energy and materials sectors.
  
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• Rio Tinto, Sumitomo to trial low carbon alumina

  12-07-2023 08:54 via businessnews.com.au
  
  Rio Tinto and Sumitomo Corporation will trial hydrogen calcination technology at Yarwun Alumina refinery after a $32.1 million funding boost from the Australian government.
  
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• Parents forced back to work as cost of living bites struggling to find childcare

  12-07-2023 08:45 via abc.net.au
  
  A childcare director in south east South Australia says households suddenly requiring a second income to get by are desperately seeking childcare — with some waiting up to 18 months for a place.
  
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• 50 childcare places, 30 on a wait list as parents trying to go back to work drive demand

  12-07-2023 08:45 via abc.net.au
  
  A childcare director says households suddenly requiring a second income to get by are desperately seeking care for their children in south-east South Australia — with some waiting up to 18 months for a place.
  
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• Energy boost in muted market

  12-07-2023 08:18 via businessnews.com.au
  
  Assets predicted to play a role in the energy transition have emerged as a prominent driver on the local merger and acquisition front.
  
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• 'It's just too costly': Rising road tolls force large trucks onto Sydney's suburban roads, inquiry told

  12-07-2023 08:02 via abc.net.au
  
  An inquiry into the impacts of road tolls has been told that Sydney is the most tolled city in Australia.
  
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• 'It's just too costly': Rising road tolls force large trucks onto suburban roads, inquiry told

  12-07-2023 08:02 via abc.net.au
  
  An inquiry into the impacts of road tolls has been told that Sydney is the most tolled city in Australia.
  
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• Velrada integrated into NRI

  12-07-2023 08:01 via businessnews.com.au
  
  Perth-based IT company Velrada has been integrated into Nomura Research Institute (NRI) Australia & New Zealand, with its co-founders to exit at the end of July.
  
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• 'Robbing Crocodile Dundee to pay for Forrest Gump': Bryan Brown calls for reinvestment obligation for streamers

  12-07-2023 07:51 via abc.net.au
  
  Australian actor and producer Bryan Brown warns not making streaming services invest 20 per cent of the money they make in Australia back into the production of local content could lead to "cultural death".
  
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• Fortescue, PKKP negotiate land use model

  12-07-2023 07:42 via businessnews.com.au
  
  A memorandum of understanding between Fortescue Metals and PKKP Aboriginal Corporation is hoped to inform a new 'co-management model' underpinning the miner's existing and planned projects.
  
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• Reserve Bank governor pledges ‘significant’ overhaul

  12-07-2023 07:25 via businessnews.com.au
  
  Reserve Bank governor Philip Lowe has laid out a major shake-up of the central bank in the wake of a wide-ranging review into the institution.
  
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• Dwelling completions gain momentum

  12-07-2023 07:19 via businessnews.com.au
  
  Recent data shows a 5 per cent increase in the number of homes completed in WA in the March quarter.
  
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• Australian lamb production is soaring and that's mouthwatering news for shoppers

  12-07-2023 07:01 via abc.net.au
  
  There's more sheep than people in Australia, so as numbers grow and trade talks with the EU continue, where will our sheepmeat go?
  
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• Australia is the biggest exporter of sheepmeat in the world, so why are free trade talks with the EU stalling?

  12-07-2023 07:01 via abc.net.au
  
  There's more sheep than people in Australia, so as numbers grow and trade talks with the EU continue, where will our sheepmeat go?
  
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• Hazelmere industrial block sells for $22.6m

  12-07-2023 06:36 via businessnews.com.au
  
  The local buyers, who are brothers and dermatologists, intend to transform the vacant site into a warehouse and logistics facility.
  
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• FYI moves ahead with HPA project

  12-07-2023 06:25 via businessnews.com.au
  
  FYI Resources has appointed Control and Thermal Engineering to conduct work on a proposed high-purity alumina plant in Kwinana, after major partner Alcoa withdrew from the project.
  
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• Cultural heritage on Liberal agenda in Rockingham

  12-07-2023 06:13 via businessnews.com.au
  
  New Aboriginal Cultural Heritage laws will be a focus of the Liberal campaign in the seat of Rockingham, where early voting begins today ahead of the July 29 main ballot.
  
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• Owners blame lack of regulation by NSW government for collapse of Sydney developers

  12-07-2023 05:57 via abc.net.au
  
  The NSW premier insists a "tough cop" is on the enforcement beat as thousands of people are left in limbo by building company Toplace's collapse.
  
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• NSW government told to 'pick up pieces' after collapse of major Sydney developer

  12-07-2023 05:57 via abc.net.au
  
  The NSW premier insists a "strong cop" is on the enforcement beat as thousands of people are left in limbo by building company Toplace's collapse.
  
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• WA records lowest growth in home build costs

  12-07-2023 05:51 via businessnews.com.au
  
  The pressure on residential construction costs has subsided in Western Australia with the state recording the lowest quarterly increase across the country, according to CoreLogic.
  
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• Reserve Bank board to only meet eight times a year as part of big changes, says governor Philip Lowe

  12-07-2023 05:22 via abc.net.au
  
  Reserve Bank governor Philip Lowe announces big changes to RBA board, including fewer board meetings a year, and press conferences after every meeting.
  
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• Reserve Bank board to cut number of meetings from 11 to eight as part of big changes, says governor Philip Lowe

  12-07-2023 05:22 via abc.net.au
  
  Reserve Bank governor Philip Lowe announces big changes to RBA board, including fewer board meetings a year, and press conferences after every meeting.
  
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• Heritage Act plays out on new stage

  12-07-2023 05:00 via businessnews.com.au
  
  The implementation of Aboriginal cultural heritage laws from July 1 drew strong views from those in favour and those opposed.
  
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• MLG Oz wins contracts over three projects

  12-07-2023 04:53 via businessnews.com.au
  
  MLG Oz has secured $51 million worth of work from contracts over projects with Ora Banda Mining, Gold Fields Australia and Bellevue Gold.
  
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• Call for Bluescope to rapidly transition away from coal based-steelmaking at Port Kembla

  12-07-2023 04:31 via abc.net.au
  
  A new global organisation monitoring carbon emissions from steelmakers is urging Australian company Bluescope to abandon plans to reline its main blast furnace at Port Kembla in Wollongong.
  
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• Call for Bluescope rapidly transition away from coal based-steelmaking at Port Kembla

  12-07-2023 04:31 via abc.net.au
  
  A new global organisation monitoring carbon emissions from steelmakers is urging Australian company Bluescope to abandon plans to reline its main blast furnace at Port Kembla in Wollongong.
  
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• Ritz Carlton hits market

  12-07-2023 04:01 via businessnews.com.au
  
  The Elizabeth Quay and Melbourne hotels are expected to fetch $500 million.
  
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• Big bucks come with conditions

  12-07-2023 03:03 via businessnews.com.au
  
  Sporting bodies walk a fine line between taking a stand on social issues and keeping their fan base happy.
  
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• EU trade talks stall as Australia holds out for farmers

  12-07-2023 02:29 via businessnews.com.au
  
  Australia and the European Union have failed to reach a free-trade agreement with "more work required" to address key issues.
  
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• Philip Lowe still on treasurer's RBA top-job shortlist

  12-07-2023 02:25 via businessnews.com.au
  
  The treasurer expects to make a decision on the Reserve Bank's leadership soon and he says he's picking from a well-qualified pool of individuals.
  
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