Analyst news

• Slowdown in consumption 'across the board' as higher rates and inflation bite, explaining RBA pause, as dollar dips — as it happened

  02-08-2023 23:40 via abc.net.au
  
  A sharp dip in retail sales volumes offered a big hint as to why there was no interest rate hike from the RBA this week, as the ASX took a dive after that bad news out of the US yesterday about its credit rating. Catch up on the market activity from today.
  
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• Live: Wall St falls after ratings cut, ASX to follow

  02-08-2023 23:40 via abc.net.au
  
  The Australian stock market is set to fall after a big slump on US indices.
  
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• Live updates: Retail sales figures help explain RBA rate hike pause

  02-08-2023 23:40 via abc.net.au
  
  A sharp dip in retail sales volumes offers a big hint as to why there was no interest rate hike from the RBA this week. Follow our live blog.
  
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• Live: Retail sales figures help explain RBA rate hike pause

  02-08-2023 23:40 via abc.net.au
  
  A sharp dip in retail sales volumes offers a big hint as to why there was no interest rate hike from the RBA this week. Follow our live blog.
  
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• Live: ASX attempts to climb higher in afternoon trade despite falls on Wall St

  02-08-2023 23:40 via abc.net.au
  
  The Australian stock market has opened lower after a big slump on US indices, but it is trying to track higher in early afternoon trade. Follow our live blog.
  
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• Property market strength set to continue, according to new report

  02-08-2023 23:00 via abc.net.au
  
  The report analyses consumer behaviour by extracting property market data from 12.1 million Australians.
  
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• CBD office vacancy stable

  02-08-2023 23:00 via businessnews.com.au
  
  Property Council figures show a 0.2 per cent lift in Perth’s office vacancy to 15.9 per cent, the second highest in the country but amid an influx of new supply.
  
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• ‘I call Australia my home’: Djawa YunupiÅ‹u’s musical call for national unity ahead of Garma Festival

  02-08-2023 22:42 via abc.net.au
  
  The younger brother of two former Australians of the Year is following in his family’s footsteps, using his new song to urge all Australians to come together as one.
  
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• 'I call Australia my home': Djawa YunupiÅ‹u's musical call for national unity ahead of Garma Festival

  02-08-2023 22:42 via abc.net.au
  
  The younger brother of two former Australians of the Year is following in his family’s footsteps, using his new song to urge all Australians to come together as one.
  
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• 'I call Australia my home': Djawa YunupiÅ‹u’s musical call for national unity ahead of Garma Festival

  02-08-2023 22:42 via abc.net.au
  
  The younger brother of two former Australians of the Year is following in his family’s footsteps, using his new song to urge all Australians to come together as one.
  
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• Another construction company has bitten the dust. Is this a trend we can expect to continue?

  02-08-2023 22:34 via abc.net.au
  
  As another Victorian construction company folds, consumers are questioning who is next and is it safe to build a home. Master Builders Victoria says things should ease soon. 
  
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• Rising interest rates have been costing corporate Australia. We're about to find out just how much

  02-08-2023 22:00 via abc.net.au
  
  Australia's biggest companies are detailing the impact cost-of-living pressures and high interest rates have had on their bottom line. Analysts say the results will give an early warning sign as to where the economy is heading.
  
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• Could you do without your red garbage bin? This 'garbologist' has managed to ditch hers

  02-08-2023 22:00 via abc.net.au
  
  Professional garbologist Bel has so little landfill waste she's ditched her red bin. Here's how she did it.
  
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• 'Consumer spending has really fallen off a cliff': Corporate reporting season offers a window on the economy's future

  02-08-2023 22:00 via abc.net.au
  
  Australia's biggest companies are detailing the impact cost-of-living pressures and high interest rates have had on their bottom line. Analysts say the results will give an early warning sign as to where the economy is heading.
  
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• Bel has so little household waste she's ditched her red bin. She shares some simple tips

  02-08-2023 22:00 via abc.net.au
  
  Professional garbologist Bel has so little landfill waste she's ditched her red bin. Here's how she did it.
  
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• Bel has reduced her household waste to just 4kg a year. This is how she ditched her red bin

  02-08-2023 22:00 via abc.net.au
  
  Professional garbologist Bel has so little landfill waste she's ditched her red bin. Here's how she did it.
  
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• Cafe owner Phillip says costs are too high as a report finds many small businesses make zero profit

  02-08-2023 21:57 via abc.net.au
  
  The majority of small business owners are earning less than their own employees, according to new data from the Australian Small Business Ombudsman.
  
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• Tourist town losing the people who 'give it life' as median house price nudges $1m

  02-08-2023 21:48 via abc.net.au
  
  A lack of affordable and available housing is driving young families from Port Fairy, prompting fears for the future of the town's two primary schools.
  
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• 'China is a doer not a talker': Leaked email shows China's influence over Solomon Islands media

  02-08-2023 21:31 via abc.net.au
  
  Solomon Islands' longest running newspaper promised China favourable coverage in return for money, and a leaked email has revealed concerns around stories that could damage the Solomon Star's ability to access further funds from Beijing.
  
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• Corporate tax avoidance costs trillions a year. But Australia's plan to end it could create new problems

  02-08-2023 21:30 via abc.net.au
  
  A global minimum tax is designed to stop multinationals avoiding taxes. But some experts argue it may have unintended consequences.
  
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• Australia has a plan to stop corporations from evading tax offshore. It might backfire

  02-08-2023 21:30 via abc.net.au
  
  A global minimum tax is designed to stop multinationals avoiding taxes. But some experts argue it may have unintended consequences.
  
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• Workers face the biggest cost of living pressures and more of them are taking out multiple jobs to cope

  02-08-2023 20:16 via abc.net.au
  
  A record number of Australians are working multiple jobs, as employees try to keep up with a near 10 per cent surge in the cost of living.
  
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• Shaheryar has a professional job, but he's driving rideshare to make his mortgage — and he's not alone

  02-08-2023 20:16 via abc.net.au
  
  A record number of Australians are working multiple jobs, as employees try to keep up with a near 10 per cent surge in the cost of living.
  
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• A record number of Australians are working multiple jobs to 'keep their heads above water'

  02-08-2023 20:16 via abc.net.au
  
  A record number of Australians are working multiple jobs, as employees try to keep up with a near 10 per cent surge in the cost of living.
  
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• Russia damages almost 40,000 tonnes of grain, some of it meant for Africa

  02-08-2023 16:52 via abc.net.au
  
  Grain meant to go to African nations, China and Israel is destroyed in what Ukraine says was a targeted attack by Russia.
  
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• 'I’m singing with my old buddy again': Paul McCartney on how AI is bringing John Lennon back on stage

  02-08-2023 12:49 via abc.net.au
  
  Whenever Paul McCartney picks up the guitar to compose new music he still wonders what John Lennon would make of it.
  
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• 'I'm singing with my old buddy again': Paul McCartney on how AI is bringing John Lennon back on stage

  02-08-2023 12:49 via abc.net.au
  
  Whenever Paul McCartney picks up the guitar to compose new music he still wonders what John Lennon would make of it.
  
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• Bankwest to shut South Perth branch

  02-08-2023 10:49 via businessnews.com.au
  
  Bankwest will shut down its South Perth branch in November citing consistently low customer visits in what is the latest blow to instore banking.
  
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• Fortescue Energy ushers in permanent CFO

  02-08-2023 10:16 via businessnews.com.au
  
  The division's chief financial officer role will be filled by former OZ Minerals executive Deborah Caudle, following the departure of Forrest empire mainstay Felicity Gooding last week.
  
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• Hancock-Wright duo trusts Rhodes, court told

  02-08-2023 09:50 via businessnews.com.au
  
  Their descendants are fighting in a costly legal showdown, but mining pioneers Lang Hancock, Peter Wright, and Don Rhodes were friends who trusted each other, the court was told.
  
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• amicaa sets up shop on the Terrace

  02-08-2023 09:43 via businessnews.com.au
  
  Sydney-based boutique corporate adviser amicaa is angling for a slice of the action on the west coast, stationing ex-Hall & Prior director David Holmes as the local lead.
  
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• At Close of Business podcast August 2 2023

  02-08-2023 09:38 via businessnews.com.au
  
  Simone Grogan and Jack McGinn discuss activity in the mid-tier of WA's gold sector over the past year.
  
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• WA economic growth to slow: NAB

  02-08-2023 09:35 via businessnews.com.au
  
  National Australia Bank expects the value of Western Australia’s state output will grow at 0.6 per cent this financial year - significantly lower than predicted in the budget.
  
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• Mandurah holiday park sells for $13m

  02-08-2023 09:02 via businessnews.com.au
  
  A Sydney-based fund manager has bought the coastal accommodation facility, in the first time the asset has changed hands in 17 years.
  
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• Copper thieves 'taking chainsaws and hacksaws' to power poles, say NSW police

  02-08-2023 08:55 via abc.net.au
  
  The state's biggest electricity distributor says thieves are putting their lives at risk by cutting down power poles to steal and sell copper wiring.
  
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• Alleged copper wire thieves 'taking chainsaws and hacksaws' to dozens of NSW power poles

  02-08-2023 08:55 via abc.net.au
  
  New South Wales' biggest electricity distributor says thieves are putting their lives at risk by cutting down power poles in an attempt to steal and sell copper wiring.
  
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• ASIC lands $109m in market misconduct fines

  02-08-2023 08:51 via businessnews.com.au
  
  Australia’s corporate regulator laid 125 criminal charges and 19 individuals have been disqualified of removed from directing companies in the first half of 2023.
  
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• Australian stocks sink after Fitch downgrades US rating

  02-08-2023 08:44 via businessnews.com.au
  
  The local share market has suffered its worst loss in four weeks, dropping 1.3 per cent after Fitch Ratings downgraded the United States' credit rating.
  
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• Beware global rankings’ highs and lows

  02-08-2023 08:40 via businessnews.com.au
  
  The use of global rankings remains controversial because different systems prioritise different aspects.
  
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• Chief minister silent on action after ICAC investigation into NT government investment

  02-08-2023 08:34 via abc.net.au
  
  The anti-corruption watchdog closes its investigation into the $10 million taxpayer-funded investment in Darwin water bottle company NT Beverages without making any findings.
  
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• Junior miner notches Rio Tinto deal

  02-08-2023 08:32 via businessnews.com.au
  
  Minerals hopeful Carnaby Resources has notched a joint venture deal with mining giant Rio Tinto to explore tenements in Queensland.
  
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• Junior miner in Rio Tinto deal

  02-08-2023 08:32 via businessnews.com.au
  
  Minerals hopeful Carnaby Resources has notched a joint venture deal with mining giant Rio Tinto to explore tenements in Queensland.
  
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• Stirling appoints new chief executive

  02-08-2023 07:58 via businessnews.com.au
  
  The state’s biggest local government has chosen a replacement for its outgoing chief executive Stuart Jardine, who has been in the role for 16 years.
  
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• Crossbenchers fire back at NT chief minister's 'teals and trolls' speech

  02-08-2023 07:44 via abc.net.au
  
  The Northern Territory chief minister took aim at southern "teals and trolls spreading their nonsense" about plans to develop the north at a National Press Club address in Canberra.
  
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• ABC journalist denies breaching editorial policies over war crimes allegations

  02-08-2023 06:54 via abc.net.au
  
  Investigative journalist Mark Willacy rejects accusations in court that he breached ABC editorial policies and the media union's code of ethics over stories about allegations of war crimes.
  
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• Regulator fines third NSW mine in a month over unlicensed water losses

  02-08-2023 06:46 via abc.net.au
  
  The Tahmoor coal mine agrees to pay more than $200,000 for taking an unknown quantity of water in breach of its licence conditions.
  
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• Regulator fines third NSW coal mine in a month over water licence breaches

  02-08-2023 06:46 via abc.net.au
  
  The Tahmoor coal mine agrees to pay more than $200,000 for taking an unknown quantity of water in breach of its licence conditions.
  
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• Regulator fines third NSW coal mine in a month over unlicensed water losses

  02-08-2023 06:46 via abc.net.au
  
  The Tahmoor coal mine agrees to pay more than $200,000 for taking an unknown quantity of water in breach of its licence conditions.
  
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• Motorsport boss stunned Targa to continue without governing body's blessing

  02-08-2023 06:37 via abc.net.au
  
  Motorsport Australia's CEO says he is disappointed Targa will "go it alone" with the tarmac rally event without waiting for his organisation to implement new regulations following four competitor deaths in two years.
  
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• 'Beggars belief': Motorsport boss stunned Targa to continue without governing body's blessing

  02-08-2023 06:37 via abc.net.au
  
  Motorsport Australia's CEO says he is disappointed Targa will "go it alone" with the tarmac rally event without waiting for his organisation to implement new regulations following four competitor deaths in two years.
  
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