Analyst news

• Live: China Evergrande files for bankruptcy protection in US, ASX to follow Wall Street's pessimism and open lower

  17-08-2023 23:51 via abc.net.au
  
  China's second-largest property developer, the embattled China Evergrande Group, has filed for Chapter 15 bankruptcy protection in New York, while the Australian sharemarket is set to open lower on Friday. Follow live.
  
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• Live: Bitcoin plummets after SpaceX report, China's Evergrande files for bankruptcy protection in US, ASX picks up

  17-08-2023 23:51 via abc.net.au
  
  Bitcoin's value dropped by as much as 9 per cent after a report about SpaceX's finances, while China's second-largest property developer has filed for Chapter 15 bankruptcy protection. Follow live.
  
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• Live: Bitcoin plummets after SpaceX report, China Evergrande files for bankruptcy protection in US, ASX opens lower

  17-08-2023 23:51 via abc.net.au
  
  Bitcoin's value dropped by as much as 9 per cent after a report about SpaceX's finances, while China's second-largest property developer has filed for Chapter 15 bankruptcy protection. Follow live.
  
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• Australian share market suffers worst week in nearly a year over economic uncertainty in China — as it happened

  17-08-2023 23:51 via abc.net.au
  
  The Australian share market has recorded its worst week since September 2022 amid lingering concerns about China's sputtering economy and rising bond yields in the US. Look back on Friday's finance and market news with our blog.
  
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• Clarkie's paradise lost as developer snaps up last beachfront shack

  17-08-2023 23:23 via abc.net.au
  
  Allan "Clarkie" Clarke's 32-year tenure on prime Sunshine Coast land will end when the property's new owner gets started on a luxury unit complex.
  
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• New Town private hospital project canned amid construction cost blowout

  17-08-2023 23:20 via abc.net.au
  
  Land at the New Town site had already been cleared for the proposed Tasman Private Hospital, which would have also co-hosted a GP clinic, radiology and pathology services.
  
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• New hospital, GP clinic for Hobart canned due to 'construction costs'

  17-08-2023 23:20 via abc.net.au
  
  Land at the New Town site had already been cleared for the proposed Tasman Private Hospital, which would have also co-hosted a GP clinic, radiology and pathology services.
  
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• This community garden built on church land is set to close, as insurance concerns stifle grassroots groups

  17-08-2023 23:16 via abc.net.au
  
  Residents in a small seaside town of Cardwell are devastated over the loss of access to a community garden on church land, set to be fenced off due to public liability issues.
  
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• The 'worst housing crisis in history' is forcing Jonathon to live away from his children, and it's almost unbearable

  17-08-2023 23:16 via abc.net.au
  
  A workplace injury led to a series of events resulting in this man sleeping on the floor of his friend's garage. It comes as homelessness services are inundated with new people seeking help.
  
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• Insurance concerns to close informal community garden after three years of growth

  17-08-2023 23:16 via abc.net.au
  
  Residents in a small seaside town of Cardwell are devastated over the loss of access to a community garden on church land, set to be fenced off due to public liability issues.
  
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• How does a financially stable family end up homeless? For Jonathon, he never saw it coming

  17-08-2023 23:16 via abc.net.au
  
  A workplace injury sparked a chain of events that left Jonathan sleeping on the floor of his friend's garage, living hours away from his children. It comes as homelessness services are inundated with new people seeking help.
  
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• 'A scary time': How a previously financially stable family ended up without a home

  17-08-2023 23:16 via abc.net.au
  
  A workplace injury sparked a chain of events that left Jonathan sleeping on the floor of his friend's garage, living hours away from his children. It comes as homelessness services are inundated with new people seeking help.
  
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• Gippsland port set to play a big role in the operations of offshore wind project

  17-08-2023 22:50 via abc.net.au
  
  The company behind the biggest offshore wind project in Bass Strait has confirmed a Gippsland port will play a major role in its operations if it goes ahead. More than 200 long-term jobs would be created at the facility.
  
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• Traders at Melbourne's Queen Victoria Markets 'blindsided' after being hit with fees

  17-08-2023 22:19 via abc.net.au
  
  Traders at the Queen Victoria Market in Melbourne say they feel "blindsided" by management's decision to raise licence fees and hand back the cost of utilities, waste disposal and utilities to stallholders.
  
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• Rosa's been selling produce at the Queen Victoria Market for decades, but now she fears for its future

  17-08-2023 22:19 via abc.net.au
  
  Traders at the Queen Victoria Market in Melbourne say they feel "blindsided" by management's decision to raise licence fees and hand back the cost of utilities, waste disposal and utilities to stallholders.
  
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• When Christine sold her home, the buyer used the same law firm. Things soon became 'very sticky'

  17-08-2023 21:58 via abc.net.au
  
  It's legal for one law firm to represent both sides of a real estate transaction but legal experts warn it can make navigating conflict difficult.
  
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• Australia's best wines named, overall winner declared 'shoulder to shoulder' with world's finest

  17-08-2023 14:00 via abc.net.au
  
  The Sydney Royal Wine show judges sampled entries from 1,800 wineries and say Australia's offerings are going from strength to strength.
  
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• Fellow councillor sues Melville mayor

  17-08-2023 10:22 via businessnews.com.au
  
  A City of Melville councillor is suing former Keating government minister and mayor George Gear, alleging defamatory matters were published to the city's elected members and staff.
  
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• Rinehart children's opening claims draw to close

  17-08-2023 10:19 via businessnews.com.au
  
  The final day of opening submissions from the eldest Rinehart children draws to a close with correspondence between John Hancock and the family empire in the spotlight.
  
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• At Close of Business Podcast August 17 2023

  17-08-2023 10:12 via businessnews.com.au
  
  Claire Tyrrell and Nadia Budihardjo discuss a planning policy over residential property and how its led to multiple tribunal disputes.
  
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• Di Bain quits Perth council

  17-08-2023 09:59 via businessnews.com.au
  
  City of Perth councillor and former deputy Lord mayor Di Bain has resigned from council effectively immediately.
  
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• Legal service says $1,000pw Broome rents putting 'impossible' strain on community

  17-08-2023 09:58 via abc.net.au
  
  New real estate figures reveal Kimberley rental prices are continuing skywards, and a community legal centre says it's "going to devastate" the region.
  
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• Gold miners buffeted by costs

  17-08-2023 09:54 via businessnews.com.au
  
  Western Australia’s second largest gold miner says turnover among some of the specialist skilled trades in the sector has increased to 50 per cent.
  
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• NRW delivers profit in "challenging" market

  17-08-2023 09:53 via businessnews.com.au
  
  Jules Pemberton-steered NRW Holdings brought in $104.4 million in profit after tax amid significant cost inflation and skilled labour pressures on its construction projects.
  
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• Aust shares drop again, dollar takes a tumble

  17-08-2023 09:49 via businessnews.com.au
  
  The Australian share market closed down 0.7 per cent to a five-week low, while the local currency had dropped under 64 US cents on a weak jobs report.
  
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• Aussie shares drop again, $A falls under 64 US cents

  17-08-2023 09:49 via businessnews.com.au
  
  The Australian share market closed down 0.7 per cent to a five-week low, while the local currency had dropped under 64 US cents on a weak jobs report.
  
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• Data hub to boost Pilbara mine automation

  17-08-2023 09:37 via businessnews.com.au
  
  A new data centre switched on in Australia’s mining heartland could turbocharge the industry’s investment in automation and remote operation technology.
  
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• BGC weighs in on pipe bursts probe

  17-08-2023 08:58 via businessnews.com.au
  
  The state government’s Building and Energy department has released its findings from an investigation over pipe leaks across Perth homes, with the results welcomed by builder BGC.
  
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• Operator of Canberra IGA fined $16,500 for tampering with food item expiry dates

  17-08-2023 08:12 via abc.net.au
  
  The court saw CCTV footage from the supermarket, showing staff removing use-by and best-before-date stickers and replacing them with new, extended dates.
  
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• Canberra supermarket operator fined $16,500 for tampering with food expiry dates

  17-08-2023 08:12 via abc.net.au
  
  The court saw CCTV footage from the supermarket, showing staff removing use-by and best-before date stickers and replacing them with extended dates.
  
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• Penfolds never fails to impress

  17-08-2023 08:00 via businessnews.com.au
  
  This year’s collection is as captivating as any Penfolds has released in the past 20 years.
  
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• Creditors pile up against Modco

  17-08-2023 07:52 via businessnews.com.au
  
  Embattled builder Modco Residential could allegedly owe about $5 million to up to 50 creditors as its co-founder spruiks interest in reviving the collapsed residential building business.
  
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• Pilot dies after plane makes emergency landing in Panama

  17-08-2023 07:43 via abc.net.au
  
  The LATAM Airlines flight was on its way from Miami to Santiago when its captain fell ill, forcing the other two pilots to proceed with an emergency landing.
  
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• Mixed response to housing code revision

  17-08-2023 06:52 via businessnews.com.au
  
  Last-minute changes to new medium density housing codes have drawn the ire of local governments as stakeholders wait on an updated timeline for the revised code’s implementation.
  
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• 'Heroic' John Hancock forced to drive with old brake pads amid pressure from billionaire mother, court told

  17-08-2023 06:42 via abc.net.au
  
  Billionaire miner Gina Rinehart threatened her son John Hancock when he tried to find out about what had happened to his inheritance, the WA Supreme Court is told, at a time when he was so hard up for cash he couldn't even afford new brake pads for his car.
  
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• Gina Rinehart tried to get son's lawyer to 'throw him under a bus' over inheritance row, court told

  17-08-2023 06:42 via abc.net.au
  
  Billionaire miner Gina Rinehart tried to pressure her son's lawyer into issuing a media statement critical of his attempts to find out about what had happened to his inheritance, the WA Supreme Court is told, which would "throw him under a bus".
  
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• Centuria wipes $98m off office REIT

  17-08-2023 06:28 via businessnews.com.au
  
  The property fund’s WA assets account for $18 million of the reduction in book value.
  
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• Farmers eye compensation as Western Power charged over devastating Wheatbelt fires

  17-08-2023 06:19 via abc.net.au
  
  A probe into a bushfire, which tore through 18,000 hectares of farms and bushland in WA's Wheatbelt region, has led to legal action against Western Power.
  
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• Green light for $25m Jolimont build

  17-08-2023 05:26 via businessnews.com.au
  
  A development panel has approved a $25 million seven-storey apartment proposal to be built in Jolimont despite safety concerns from the local council.
  
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• Reprieve for coal as potential WA power blackouts forecast amidst renewables transition

  17-08-2023 05:22 via abc.net.au
  
  WA is facing a potential power shortfall over the coming decade amid the transition to renewables, leading the government to keep the Muja coal-fired power station operating longer than planned.
  
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• Battle to keep lights on in WA as possible power shortfall leads to extension of time for coal power

  17-08-2023 05:22 via abc.net.au
  
  WA is facing a potential power shortfall over the coming decade amid the transition to renewables, leading the government to keep the Muja coal-fired power station operating longer than planned.
  
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• Future of Labor's key housing policy uncertain after Greens frustrated with rent measures

  17-08-2023 05:14 via abc.net.au
  
  The fate of the government's signature housing policy remains in doubt, with the Greens disappointed by renting measures announced by national cabinet yesterday, but the construction industry has welcomed the move to accelerate the building of 1.2 million new homes.
  
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• Liontown awards $1bn Kathleen Valley contract

  17-08-2023 05:11 via businessnews.com.au
  
  Liontown Resources has awarded a $1 billion underground mining services contract to Byrnecut as the market waits to hear whether it’s stretched the Kathleen Valley project budget.
  
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• Govt defers closure of coal power

  17-08-2023 05:07 via businessnews.com.au
  
  The state government has deferred the closure of one of its coal-fired power stations after a report forecast a big shortfall in energy supply within three years.
  
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• Collapsed builder fined $25k

  17-08-2023 04:38 via businessnews.com.au
  
  A collapsed father and son building company has been hit with a $25,000 fine for carrying out unauthorised work and demanding premature payments for work on four Perth properties.
  
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• WA unemployment drops against national trend

  17-08-2023 04:37 via businessnews.com.au
  
  The nation’s seasonally adjusted unemployment rate rose 0.2 percentage points to 3.7 per cent in July, but the figure for Western Australia bucked the trend.
  
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• NSW premier defends appointment of new transport boss amid 'jobs for boys' concerns

  17-08-2023 04:23 via abc.net.au
  
  The Transport Minister said her chief of staff was just making a "suggestion" when he asked for a Labor figure to be interviewed for the key role.
  
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• Alinta battery to shore up South West grid

  17-08-2023 04:11 via businessnews.com.au
  
  Ground has broken on construction of a 100-megawatt battery at Alinta’s Wagerup power station which will help smooth out demand for power in the state’s South West.
  
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• Hit hard by COVID, SA's second largest city looks to drastic changes to aid recovery

  17-08-2023 04:06 via abc.net.au
  
  Mount Gambier is considering drastic change to its restaurant and pub precinct, removing car park spaces and closing streets to traffic in a bid to lure back revellers and tourists.
  
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• More Australians out of work, economy sheds 14,600 jobs in July

  17-08-2023 03:40 via abc.net.au
  
  Australia's unemployment rate has risen to 3.7 per cent for July, up from 3.5 per cent in June, with 36,000 more people unemployed, according to Australian Bureau of Statistics data.
  
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