Analyst news

• Live: US fights off recession fears as economy grows, local market opens lower as investors await retail sales data

  27-07-2023 23:49 via abc.net.au
  
  The US economy has grown at a faster rate than economists predicted, warding off concerns it may fall into a recession this year, while Australian investors await retail sales data ahead of next week's RBA meeting. Follow live.
  
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• Live: US economy fights off recession fears, local market set for weak start ahead of retail sales data

  27-07-2023 23:49 via abc.net.au
  
  The US economy has grown at a faster rate than economists predicted, warding off concerns it may fall into a recession this year, while Australian investors await retail sales data ahead of next week's RBA meeting. Follow live.
  
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• Live: Retail spending slides as cost-of-living pressures mount, US fights off recession fears, ASX lower

  27-07-2023 23:49 via abc.net.au
  
  The US economy has grown at a faster rate than economists predicted, warding off concerns it may fall into a recession this year, while Australian investors await retail sales data ahead of next week's RBA meeting. Follow live.
  
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• Live: Retail spending fall 'likely ensures' RBA will leave interest rates on hold, US fights off recession fears, ASX lower

  27-07-2023 23:49 via abc.net.au
  
  The US economy has grown at a faster rate than economists predicted, warding off concerns it may fall into a recession this year, while Australian investors await retail sales data ahead of next week's RBA meeting. Follow live.
  
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• Live: Chances of an RBA rate rise next week fall as retail sales dive, ASX slides

  27-07-2023 23:49 via abc.net.au
  
  The odds of the Reserve Bank increasing interest rates at its meeting next week have fallen off the back of weaker than expected retail sales figures, while the US economy grew by 2 per cent. Follow live.
  
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• Chances of a RBA rate rise next week fall as retail sales dive, ASX finishes lower — as it happened

  27-07-2023 23:49 via abc.net.au
  
  The odds of the Reserve Bank increasing interest rates at its meeting next week have fallen off the back of weaker than expected retail sales figures, while the US economy grew by 2 per cent.
  
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• Victoria Cross could fetch more than $1 million as family offloads 'treasure'

  27-07-2023 22:14 via abc.net.au
  
  An auction house says the nieces of a man who was killed after destroying three Japanese machine gun posts in 1942 decided to sell his medal because there was a lot of responsibility in safeguarding it.
  
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• Queensland hairdresser's Victoria Cross sells for more than $1.4m as family offloads 'treasure'

  27-07-2023 22:14 via abc.net.au
  
  An auction house says the nieces of a man who was killed after destroying three Japanese machine gun posts in 1942 decided to sell his medal because there was a lot of responsibility in safeguarding it.
  
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• 'Succession is a real life drama': Are the patriarchal tides turning for farm daughters?

  27-07-2023 22:00 via abc.net.au
  
  For a long time, the eldest son has been seen as the natural successor to a family farm. But there is change on the horizon.
  
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• 'It’s opened Dad’s eyes': Grace grew up thinking her brother would get the farm. Things have changed in her life time

  27-07-2023 22:00 via abc.net.au
  
  For a long time, the eldest son has been seen as the natural successor to a family farm. But there is change on the horizon.
  
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• Answers wanted over cause of lead leaching into drinking water

  27-07-2023 22:00 via abc.net.au
  
  Documents show the Yarrabah Aboriginal Shire Council raised concerns with the state government over critical infrastructure failures more than a year before lead was discovered in the community's tap water.
  
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• Presidents of Indonesia and China meet in Chengdu

  27-07-2023 21:20 via abc.net.au
  
  Indonesian President Joko Widodo meets Chinese President Xi Jinping in China's south-western city of Chengdu for talks about joint projects, including the development of Indonesia's capital.
  
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• Watchdog launches investigation into Australia's top home builder as more complaints emerge

  27-07-2023 21:08 via abc.net.au
  
  More than 60 complaints have been lodged with NSW Fair Trading since March, with Metricon listed on the regulator's complaints register for the last four consecutive months.
  
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• Investigation launched into Australia's top home builder Metricon, as more complaints emerge

  27-07-2023 21:08 via abc.net.au
  
  More than 60 complaints have been lodged with NSW Fair Trading since March, with Metricon listed on the regulator's complaints register for the last four consecutive months.
  
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• Delays in insurer claims handling and financial scams drive record rise in complaints to financial ombudsman

  27-07-2023 13:00 via abc.net.au
  
  The financial ombudsman has experienced a record rise in complaints as Australians voice their anger at scams, slow insurer claims handling, and buy-now-pay-later products.
  
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• Swanbourne children’s hospice approved

  27-07-2023 11:17 via businessnews.com.au
  
  The $33 million facility has been given the green light by the state’s planning body after local council backlash.
  
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• Crackdown on 'dodgy' used car dealers selling from home, winding back odometers

  27-07-2023 09:58 via abc.net.au
  
  Second-hand car dealers operating from home under the guise of being a private seller are among the "dodgy" practises being targeted by South Australian consumer protection officials.
  
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• Victoria's environment watchdog drops charges against soft plastics recycler

  27-07-2023 09:53 via abc.net.au
  
  Victoria's environment watchdog has dropped allegations against a soft plastics recycling company, but says more serious charges could be coming.
  
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• EY survey reveals staffing issues

  27-07-2023 09:53 via businessnews.com.au
  
  A landmark report commissioned by EY has found a litany of problems among its staff, with many feeling overworked and large numbers experiencing bullying and sexual harassment.
  
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• Aust stocks hit fresh five-month high on dovish US hike

  27-07-2023 09:49 via businessnews.com.au
  
  The local market has risen 0.73 per cent after Federal Reserve chair Jerome Powell said it was possible the central bank might keep rates on pause in September.
  
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• Federal Perth Mint inquiry underway

  27-07-2023 09:42 via businessnews.com.au
  
  A cohort of Western Australian senators kicked off a federal probe into the Perth Mint in Canberra on Thursday, with 10 public servants pulled in to field questions.
  
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• Federal Perth Mint inquiry gets underway

  27-07-2023 09:42 via businessnews.com.au
  
  A cohort of Western Australian senators kicked off a federal probe into the Perth Mint in Canberra on Thursday, with 10 public servants pulled in to field questions.
  
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• Willing’s Coolbinia apartments approved

  27-07-2023 09:30 via businessnews.com.au
  
  A JDAP has given the green light to the 33-apartment complex, which was met with some community opposition.
  
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• ASIC appoints firm for TMH share sell-off

  27-07-2023 09:22 via businessnews.com.au
  
  The corporate watchdog has appointed Morgan Stanley Wealth Management Australia to sell more than two million disputed shares in Perth-based media firm The Market Herald.
  
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• At Close of Business podcast July 27 2023

  27-07-2023 08:39 via businessnews.com.au
  
  Nadia Budihardjo and Jack McGinn discuss Kailis Hospitality Group managing and creative director George Kailis' plans for business growth and expansion.
  
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• Lowe paid a high price

  27-07-2023 08:29 via businessnews.com.au
  
  The Albanese government has replaced the central bank governor as economic tensions continue to increase.
  
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• This bridge connects Sarah with her community. But now it's broken, dividing the town

  27-07-2023 08:21 via abc.net.au
  
  Brig O'Johnstone Bridge closed to traffic a fortnight ago after an accident. The government says it will be another week before a repair plan and timeline can be finalised.
  
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• WA regains 16th federal electorate

  27-07-2023 08:02 via businessnews.com.au
  
  Western Australia’s population growth means it will gain a 16th seat in the House of Representatives, after a redistribution of federal electoral divisions by the Australian Electoral Commission.
  
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• Panoramic to raise $40m to 'strengthen balance sheet'

  27-07-2023 07:56 via businessnews.com.au
  
  Base metal miner Panoramic Resources has completed the bookbuild for a $40 million placement.
  
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• Panoramic raises $40m to 'strengthen balance sheet'

  27-07-2023 07:56 via businessnews.com.au
  
  Base metal miner Panoramic Resources has completed the bookbuild for a deeply discounted $40 million placement.
  
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• Wright lawyers drill down on Hancock’s knowledge

  27-07-2023 07:45 via businessnews.com.au
  
  Lawyers for Wright Prospecting continue to unearth correspondence exchanged over 40 years, alleging Hancock Prospecting and Gina Rinehart had always known of royalties payment, during a Supreme Court trial.
  
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• Small-time fruit growers facing 'death by paperwork' amid expensive fruit fly protocols

  27-07-2023 07:44 via abc.net.au
  
  Produce from small-time Riverland growers is disappearing from supermarket shelves as soaring treatment costs for the ongoing fruit fly outbreak risks allowing bigger businesses to muscle them out.
  
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• Expensive fruit fly protocols hit small-time growers, who face 'death by paperwork'

  27-07-2023 07:44 via abc.net.au
  
  Produce from small-time Riverland growers is disappearing from supermarket shelves as soaring treatment costs for the ongoing fruit fly outbreak risks allowing bigger businesses to muscle them out.
  
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• Steel rod fell through forklift windscreen at Brisbane construction site same day man fell 12m at Boggo Road site

  27-07-2023 07:43 via abc.net.au
  
  A heavy steel rod narrowly missed a worker at a Cross River Rail construction site in Brisbane on the same day a man fell 12 metres from another site run by the same contractor, the union claims. 
  
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• Why are power bills rising while wholesale electricity prices are falling? It's because of 'a horrible coincidence'

  27-07-2023 07:41 via abc.net.au
  
  New figures from the Australian Energy Market Operator show wholesale power prices have fallen by nearly 60 per cent in the past year, while households brace for an increase of at least 20 per cent to their power bill.
  
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• Wholesale power prices fell 59 per cent over the past year, so why did most power bills go up?

  27-07-2023 07:41 via abc.net.au
  
  New figures from the Australian Energy Market Operator show wholesale power prices have fallen by nearly 60 per cent in the past year, while households brace for an increase of at least 20 per cent to their power bill.
  
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• Sierra Rutile cuts production guidance

  27-07-2023 07:21 via businessnews.com.au
  
  Iluka Resources spin-off Sierra Rutile Holdings has cut its guidance outlook for the 2023 financial year citing operational challenges and softening market demand.
  
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• AMEC warns on cultural heritage overlap

  27-07-2023 06:40 via businessnews.com.au
  
  The Association of Mining and Exploration Companies has warned against duplicating Aboriginal cultural heritage laws federally, labelling WA’s protections the most demanding of any in Australia.
  
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• Construction starts on $400m EQ tower

  27-07-2023 06:32 via businessnews.com.au
  
  Malaysian developer Victor Goh has commenced works on a 54-storey glass tower on the last remaining lot in Elizabeth Quay.
  
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• Build begins on $400m EQ tower

  27-07-2023 06:32 via businessnews.com.au
  
  Malaysian developer Victor Goh has commenced works on a 54-storey glass tower on the last remaining lot in Elizabeth Quay.
  
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• Residents shocked by 'railway through our back patio' as homes to be bulldozed for transport corridor

  27-07-2023 06:25 via abc.net.au
  
  Although it's been in planning for more than 20 years, a dozen families on the Sunshine Coast are reeling after the shock discovery that their homes will be acquired for a major new road and rail project, the Mooloolah River Interchange.
  
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• Data#3 wins Main Roads contract

  27-07-2023 05:35 via businessnews.com.au
  
  IT company Data#3 has won a $20.6 million contract to supply CISCO equipment and services to Main Roads WA.
  
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• Regis shrinks production, ups cost guidance

  27-07-2023 05:29 via businessnews.com.au
  
  Goldminer Regis Resources has narrowed its production target and has lifted its cost estimate for the 2024 financial year after releasing its quarterly results.
  
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• Energy price plunge hits exports

  27-07-2023 05:24 via businessnews.com.au
  
  Price falls above 20 per cent for energy commodities have led Australia’s export price index to its largest quarterly fall since 2009, the Australian Bureau of Statistics has revealed.
  
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• Popular holiday destinations are paying the price of climate change. Here's how tourists don't have to

  27-07-2023 05:00 via abc.net.au
  
  As temperatures rise and seas warm experts say there is a lot more to consider when planning your next overseas holiday.. 
  
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• Bishop urges Australia to follow Biden’s AI regulation push

  27-07-2023 04:46 via businessnews.com.au
  
  Former foreign minister Julie Bishop has warned governments are too cumbersome to regulate artificial intelligence and will need to lean on the tech sector to build guardrails around the ‘exciting but challenging’ disruptor.
  
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• Carnarvon’s $218m Taiwan sale approved

  27-07-2023 04:43 via businessnews.com.au
  
  The Australian Foreign Investment Review Board has given developer Carnarvon Energy the all clear to offload a portion of its Dorado field project to Taiwan's national oil and gas enterprise.
  
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• Fortescue delivers another shipment record

  27-07-2023 04:41 via businessnews.com.au
  
  Fortescue Metals Group will steam home to another record year for iron ore shipments while giving itself yet more time to get Iron Bridge up to speed.
  
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• Allkem posts record production

  27-07-2023 04:23 via businessnews.com.au
  
  Lithium major Allkem is eyeing a tight market for battery minerals as it posts a significant improvement in the grade of ore recovered in Western Australia.
  
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• Russia refuses to speak at UN meeting on Ukraine port attacks, calls meeting on religious freedom in Ukraine

  27-07-2023 03:57 via abc.net.au
  
  Russia refuses to speak at a UN Security Council meeting called to discuss Moscow's recent devastating attacks on the key Ukranian port of Odesa immediately following its exit from the Black Sea grain deal.
  
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