Analyst news

• US invites new Chinese foreign minister Wang Yi to Washington

  01-08-2023 23:33 via abc.net.au
  
  The US State Department says it has formally invited China's newly reappointed Foreign Minister Wang Yi to Washington after Mr Wang's predecessor was abruptly removed from his post by Beijing.
  
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• Olive oil tipped to rise thanks to poor season and European heatwave

  01-08-2023 23:30 via abc.net.au
  
  Domestic olive oil yields have been on the conservative side this year, which could result in a further rise to the current record prices for consumers.
  
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• Olive oil prices tipped to rise thanks to poor season and European heatwave

  01-08-2023 23:30 via abc.net.au
  
  Domestic olive oil yields have been on the conservative side this year, which could result in a further rise to the current record prices for consumers.
  
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• European heatwave, poor growing conditions set to drive olive oil price even higher

  01-08-2023 23:30 via abc.net.au
  
  Domestic olive oil yields have been on the conservative side this year, which could result in a further rise to the current record prices for consumers.
  
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• Live: US credit rating slashed after 'political stand-offs' erode confidence, Australian dollar slumps on RBA rate pause

  01-08-2023 23:26 via abc.net.au
  
  The Australian dollar has slumped more than 1 per cent overnight and Wall Street has ended mainly lower. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: US credit rating downgraded after 'political stand-offs' erode confidence, Australian dollar slumps on RBA rate pause

  01-08-2023 23:26 via abc.net.au
  
  The Australian dollar has slumped more than 1 per cent overnight and Wall Street has ended mainly lower. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: Markets in red as US loses AAA credit rating over debt limit stand-offs, Australian dollar slumps

  01-08-2023 23:26 via abc.net.au
  
  The Australian dollar has slumped nearly 2 per cent and global markets have been hit by a downgrade of the US credit rating. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: Australian dollar slumps on RBA pause, US stocks end mixed

  01-08-2023 23:26 via abc.net.au
  
  The Australian dollar has slumped more than 1 per cent overnight and Wall Street has ended mainly lower. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• ASX slumps as US loses top AAA credit rating, Australian dollar falls below 66 US cents, charges for Woolworths over unpaid long service leave — as it happened

  01-08-2023 23:26 via abc.net.au
  
  The Australian market and the local dollar have been hit in a global market sell off after the US lost its AAA credit rating. And Woolworths is facing criminal charges in Victoria over unpaid long service leave. 
  
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• ASX slumps as US loses AAA rating, Aussie dollar falls below 66 US cents, charges for Woolies over unpaid long service leave — as it happened

  01-08-2023 23:26 via abc.net.au
  
  The Australian market and the local dollar have been hit in a global market sell off after the US lost its AAA credit rating. And Woolworths is facing criminal charges in Victoria over unpaid long service leave. 
  
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• Mitsubishi takes fight against finding it engaged in misleading conduct to High Court

  01-08-2023 22:50 via abc.net.au
  
  Car maker Mitsubishi will take to the High Court in Canberra today to fight a finding it engaged in misleading and deceptive conduct over a label stuck to the windscreen detailing a ute's fuel efficiency.
  
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• Interest rate hold offers some 'reprieve' as small businesses struggle to survive

  01-08-2023 22:07 via abc.net.au
  
  Interest rates may remain on hold for now, but after 12 consecutive hikes since mid-2022, small businesses still struggle with low consumer spending and increased operating costs.
  
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• 'Their only son is no more': Family of food delivery rider killed on the job speaks out

  01-08-2023 22:02 via abc.net.au
  
  Police and Safework NSW are investigating the death of Akshay Doultani, an 22-year-old international student who was killed while working as an Uber Eats delivery rider in Sydney's north-west two weeks ago. 
  
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• Expert joins residents in calls to scrap controversial electricity transmission project

  01-08-2023 21:59 via abc.net.au
  
  A prominent energy expert joins landholders in calling for the Australian Energy Market Operator and the Victorian government to scrap plans to build the controversial VNI West transmission line and Western Renewables Link.
  
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• Expert joins residents in call to scrap controversial electricity transmission project

  01-08-2023 21:59 via abc.net.au
  
  A prominent energy expert joins landholders in calling for the Australian Energy Market Operator and the Victorian government to scrap plans to build the controversial VNI West transmission line and Western Renewables Link.
  
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• Welcome to the outback town where residents are renting to buy their homes

  01-08-2023 21:45 via abc.net.au
  
  It's a long way from anywhere, but Thargomindah in outback Queensland — population 243 — goes to extraordinary lengths to ensure residents don't desert the town.
  
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• Wheat prices rise as Russia's bombs fall, lifting the cost of your daily bread

  01-08-2023 21:20 via abc.net.au
  
  Global wheat prices rise sharply after a UN-brokered deal to ship grain out of Ukraine ended last month, with the effects felt by some of the world's poorest nations.
  
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• The cost of bread could get higher amid the cost of living crunch. Here's why

  01-08-2023 21:20 via abc.net.au
  
  Global wheat prices are rising sharply after a UN-brokered deal to ship grain out of Ukraine ended last month, with Australian farmers set to benefit but consumers, especially in some of the world's poorest countries, to pay the price.
  
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• 'Prices are definitely going to be higher': How Russia's latest actions may lift the cost of a loaf of bread

  01-08-2023 21:20 via abc.net.au
  
  Global wheat prices are rising sharply after a UN-brokered deal to ship grain out of Ukraine ended last month, with Australian farmers set to benefit but consumers, especially in some of the world's poorest countries, to pay the price.
  
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• China is buying favourable coverage in Pacific media, raising concerns about foreign influence

  01-08-2023 21:17 via abc.net.au
  
  Recent investigations reveal how Beijing has been looking to increase its influence in the Pacific by using political pressure and funding to capture local elites and media, with questions raised around the independence of outlets that have cut deals with China.
  
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• 'A Chinese state party propaganda rag': Beijing is trying to buy influence in Pacific media

  01-08-2023 21:17 via abc.net.au
  
  Recent investigations reveal how Beijing has been looking to increase its influence in the Pacific by using political pressure and funding to capture local elites and media, with questions raised around the independence of outlets that have cut deals with China.
  
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• 'Very high' risk of a double-dip property downturn amid 'premature' house price rebound

  01-08-2023 20:14 via abc.net.au
  
  A leading economist warns the risk of further falls in house prices remains "very high", despite the Reserve Bank's decision to leave interest rates on hold for the second month in a row.
  
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• Woodside protesters condemned

  01-08-2023 15:30 via businessnews.com.au
  
  Business and political figures have united in condemning a protest at the home of Woodside chief executive Meg O’Neill, while the ABC has been questioned over its role.
  
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• Vaccine prevents risk of COVID in workplace 'not scientifically correct', court hears in Warren Tredrea's lawsuit

  01-08-2023 13:12 via abc.net.au
  
  An Adelaide vaccine developer has told a court "even a completely vaccinated workplace" would not stop the transmission of COVID-19 in the unfair dismissal case of former Channel 9 presenter Warren Tredrea.
  
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• DFD Rhodes continues royalties claim in trial

  01-08-2023 10:03 via businessnews.com.au
  
  DFD Rhodes has stood firm in its claims over royalties from the Hope Downs mines during a Supreme Court trial focusing on assets disputed by descendants of Lang Hancock and Peter Wright.
  
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• At Close of Business podcast August 1 2023

  01-08-2023 10:01 via businessnews.com.au
  
  Senior editor Mark Beyer and senior journalist Jack McGinn discuss co-investment models helping to drive success in indigenous businesses.
  
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• Aust stocks finish higher after RBA extends rate pause

  01-08-2023 09:46 via businessnews.com.au
  
  The local share market finished up 0.5 per cent after the Reserve Bank left interest rates unchanged at 4.1 per cent for a second consecutive month.
  
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• Perth tech ranks low on CSIRO study

  01-08-2023 09:45 via businessnews.com.au
  
  A report mapping Australia’s emerging ‘Silicon Valleys’ has found Perth ranks well below four digital technology clusters on the east coast for both jobs and investment.
  
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• ADC_ lodges $40m Subi Centro plan

  01-08-2023 09:42 via businessnews.com.au
  
  A five-storey luxury apartment complex is planned for the site.
  
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• Centaurus to raise $47m

  01-08-2023 09:28 via businessnews.com.au
  
  Minerals explorer Centaurus Metals is tapping investors for a further $47 million to complete a definitive feasibility study for its project in Brazil.
  
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• Albemarle claims early stake in Patriot Battery Metals

  01-08-2023 09:20 via businessnews.com.au
  
  Albemarle's $120 million investment in Ken Brinsden-chaired explorer Patriot Battery Metals comes 24 hours after the explorer spruiked a maiden mineral resource.
  
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• $10bn hydrogen plan for Mid West

  01-08-2023 09:11 via businessnews.com.au
  
  A South Korean consortium is aiming to build a hydrogen project at Narngulu industrial estate near Geraldton, saying it can’t wait for land at Oakajee to be developed.
  
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• Ballarat-based home builder goes under, leaving clients' dreams up in the air

  01-08-2023 09:08 via abc.net.au
  
  Bond Homes employed 20 full-time staff and been building transportable homes for nearly 30 years, which were ordered from across regional Victoria. 
  
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• Canadian seafood giant Tassal adds WA's Cone Bay barramundi to its portfolio

  01-08-2023 09:00 via abc.net.au
  
  Australia's largest seafood producer buys the country's only ocean-based barramundi farm, situated off the Kimberley coast.
  
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• RSPCA says cost-of-living crisis factor in animal cruelty spike across southern WA

  01-08-2023 08:41 via abc.net.au
  
  Some pet owners are depriving animals of "their most basic needs" like food, water and vet care, the RSPCA says. 
  
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• WA dwelling approvals dwindle

  01-08-2023 08:39 via businessnews.com.au
  
  Approvals for private sector houses in Western Australia recorded the sharpest fall of 5.5 per cent nationwide as total dwelling rubber stamps dwindled in June.
  
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• No doubting Crean’s commitment

  01-08-2023 08:00 via businessnews.com.au
  
  Simon Crean will be remembered for qualities such as integrity over self-interest, honesty, and consistency in core beliefs.
  
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• Sobering stats behind need for behaviour change at WA mines

  01-08-2023 07:41 via businessnews.com.au
  
  WA Premier Roger Cook says the State government will not stop until there is “zero-tolerance” towards poor workplace behaviour as fresh figures lay bare the extent of sexual harassment in WA’s mining industry.
  
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• Perth home values rise

  01-08-2023 06:59 via businessnews.com.au
  
  The capital city outpaced national home price growth to hit a new high in median value.
  
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• RBA leaves interest rates on hold for second consecutive month

  01-08-2023 06:31 via abc.net.au
  
  The Reserve Bank leaves interest rates on hold for the second month in a row, raising questions about whether it may be finished hiking borrowing costs.
  
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• Kimberley is about to roll off a fixed mortgage. She doesn't think she can make the repayments even if rates don't rise further

  01-08-2023 06:31 via abc.net.au
  
  The Reserve Bank leaves interest rates on hold for the second month in a row, raising questions about whether it may be finished hiking borrowing costs.
  
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• Tassal acquires WA barramundi farm

  01-08-2023 06:18 via businessnews.com.au
  
  Tassal Group has acquired barramundi farm operator Marine Produce Australia's group of companies that have been in administration since May.
  
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• Qld without Indonesian live export facility following saleyards suspension

  01-08-2023 05:30 via abc.net.au
  
  Queensland has been left without its only operating export depot to Indonesia after its government suspended live cattle imports from four Australian export facilities amid lumpy skin disease infections.
  
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• Unseasonably wet winter a dampener for far north farmers, tourists still roll in

  01-08-2023 05:07 via abc.net.au
  
  The weather bureau is forecasting more rain across northern Queensland this week to the dismay of farmers and tourism authorities.
  
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• PharmAust winds up subsidiary after contract loss

  01-08-2023 05:03 via businessnews.com.au
  
  PharmAust has appointed liquidators to wind-up its biotech subsidiary Epichem after it lost its lifeline contract and succumbed to cost pressures.
  
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• PharmAust winds up Epichem after contract loss

  01-08-2023 05:03 via businessnews.com.au
  
  PharmAust has appointed liquidators to wind-up its pharmaceutical arm Epichem after it lost its lifeline contract and succumbed to cost pressures.
  
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• Free festival bolsters events strategy

  01-08-2023 04:51 via businessnews.com.au
  
  The state government and Perth Festival have collaborated on a free six-day festival to celebrate Western Australian Indigenous culture and natural biodiversity in early October.
  
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• Minister moots mandates if FIFO harassment crackdown falls short

  01-08-2023 04:34 via businessnews.com.au
  
  WA’s resources sector has been put on notice mandates will be on the cards should the industry fail to crack down on workplace behaviour through guidelines and best practice measures introduced in the wake of a damning FIFO sexual harassment probe.
  
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• 'Sexual hostility' rife for women in mining as conference aims to drive cultural change in industry

  01-08-2023 04:05 via abc.net.au
  
  WA's mines minister warns the resources industry it could face tougher rules if it doesn't do more to fight sexual harassment, but declares the sector is ready to change. 
  
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• Minister issues warning to WA mining industry to 'improve performance' on sexual harassment as conference begins

  01-08-2023 04:05 via abc.net.au
  
  WA's mines minister warns the resources industry it could face tougher rules if it doesn't do more to fight sexual harassment, but declares the sector is ready to change. 
  
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