Analyst news

• These buildings hold your personal information under tight security and you wouldn't even notice them

  29-08-2023 23:41 via abc.net.au
  
  A large, unassuming building in industrial Wollongong containing a torrent of personal information is a closely guarded data hub that its owners are happy to keep out of the spotlight.
  
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• Live: ASX to rise ahead of monthly CPI indicator, Wall Street rallies

  29-08-2023 23:34 via abc.net.au
  
  A rally on Wall Street is likely to send Australian stocks higher, while a drop in the US monthly job openings fuels interest rate optimism. Follow the latest updates in our live blog.
  
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• Live: ASX rises as inflation cools to 4.9pc

  29-08-2023 23:34 via abc.net.au
  
  A rally on Wall Street has sent Australian stocks higher, while inflation fell to 4.9 per cent in the year to July. Follow the latest updates in our live blog.
  
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• Live: ASX rises ahead of monthly CPI indicator, Wall Street rallies

  29-08-2023 23:34 via abc.net.au
  
  A rally on Wall Street has sent Australian stocks higher, while a drop in the US monthly job openings fuels interest rate optimism. Follow the latest updates in our live blog.
  
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• ASX closes higher as falling inflation sets the scene for a third-straight interest rate pause by the RBA — as it happened

  29-08-2023 23:34 via abc.net.au
  
  Australian stocks closed higher on Wednesday, buoyed by inflation falling to 4.9 per cent, all but guaranteeing another pause in interest rates from the RBA next month. Look back on the day's business and finance news as it happened with our blog.
  
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• Australians retiring later in life as thousands flock to Queensland, new data shows

  29-08-2023 22:54 via abc.net.au
  
  Queensland is the top destination for those seeking a new adventure in their golden years, according to data from the Australian Bureau of Statistics.
  
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• Aussie retirees flocking to Queensland in record numbers, data reveals

  29-08-2023 22:54 via abc.net.au
  
  Queensland is the top destination for those seeking a new adventure in their golden years, according to data from the Australian Bureau of Statistics.
  
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• Claims koalas crushed, starving as Kangaroo Island's blue gum plantations come down

  29-08-2023 22:31 via abc.net.au
  
  Wildlife workers and researchers are calling for a temporary koala refuge on Kangaroo Island while a long-term management plan for the species is being put in place.
  
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• Soaring diesel prices could have customers paying more for 'everything'

  29-08-2023 22:14 via abc.net.au
  
  Businesses struggling with record high diesel prices say they have no choice but to pass the increase on.
  
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• Nicki owns a flat, but has gone into debt due to strata fees

  29-08-2023 21:57 via abc.net.au
  
  Analysis of Federal Court data has found 10 per cent of all forced bankruptcies across Australia are from strata levy debts. 
  
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• 'Little to no consumer safeguards': when it comes to strata debt

  29-08-2023 21:57 via abc.net.au
  
  Analysis of Federal Court data has found 10 per cent of all forced bankruptcies across Australia are from strata levy debts. 
  
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• 'We just don't want mining': Australian company under fire from Banaban locals displaced by past phosphate mines

  29-08-2023 20:02 via abc.net.au
  
  People from the remote Pacific Island of Banaba say they've been blindsided over an agreement to explore phosphate mining on the tiny atoll and Centrex, an Australian mining company, inked the exploration deal.
   
  
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• Mining forced most of Banaba's population to relocate. Now an Australian company plans to mine the island

  29-08-2023 20:02 via abc.net.au
  
  People from the remote Pacific Island of Banaba say they've been blindsided over an agreement to explore phosphate mining on the tiny atoll and Centrex, an Australian mining company, inked the exploration deal.
   
  
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• Stokes gets his laneway

  29-08-2023 15:24 via businessnews.com.au
  
  The City of Perth has voted to sell a West Perth laneway to a private company belonging to Kerry Stokes, with further development hinted for the site.
  
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• Wilyakali people recognised as traditional owners of large patch of South Australian and NSW land

  29-08-2023 11:04 via abc.net.au
  
  After more than a decade of negotiations, Broken Hill's Wilyakali people have had a native title claim officially recognised by the federal court. The claim expands from the Barrier Ranges in New South Wales' far west over the border into South Australia.
  
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• Wilyakali people recognised as traditional owners of large patch of SA land

  29-08-2023 11:04 via abc.net.au
  
  After more than a decade of negotiations, Broken Hill's Wilyakali people have had a native title claim officially recognised by the federal court. The claim expands from the Barrier Ranges in north-east South Australia.
  
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• Wilyakali people recognised as traditional owners of large patch of SA and NSW land

  29-08-2023 11:04 via abc.net.au
  
  After more than a decade of negotiations, Broken Hill's Wilyakali people have had a native title claim officially recognised by the federal court. The claim expands from the Barrier Ranges in New South Wales' far west over the border into South Australia.
  
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• Madison says she'll never use her card full-time again after discovering 'cash stuffing'

  29-08-2023 10:48 via abc.net.au
  
  As cost-of-living pressures continue to climb, people are looking for creative ways to save. One method gaining popularity on social media is called "cash stuffing". It's a reinvention of the old envelope system our grandparents used to use, and it's bringing back the use of physical cash.
  
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• Madison says 'cash stuffing' has helped her budget better. This is how it works

  29-08-2023 10:48 via abc.net.au
  
  As cost-of-living pressures continue to climb, people are looking for creative ways to save. One method gaining popularity on social media is called "cash stuffing". It's a reinvention of the old envelope system our grandparents used to use, and it's bringing back the use of physical cash.
  
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• At Close of Business podcast August 29 2023

  29-08-2023 10:21 via businessnews.com.au
  
  Liv Declerck and Jack McGinn discuss the growth of an organisation offering haircuts to those experiencing homelessness.
  
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• CME boss likens mining, agriculture diversification

  29-08-2023 10:18 via businessnews.com.au
  
  Chamber of Minerals and Energy of WA boss Rebecca Tomkinson has drawn synergies between the mining and agriculture sectors as both industries adopt new technologies.
  
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• Kindness on the sidewalks

  29-08-2023 10:11 via businessnews.com.au
  
  Short Back and Sidewalks signs up its first paid employee to help drive its expansion to tackle homelessness.
  
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• Qube buys $5.5m infill project

  29-08-2023 10:06 via businessnews.com.au
  
  More affordable housing is flagged for Gosnells after QUBE Property Group acquires a 4.22-hectare site.
  
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• Chalice presents long-awaited scoping study

  29-08-2023 10:00 via businessnews.com.au
  
  Initial cost estimates to turn Chalice Mining's Gonneville into a producing nickel-copper mine by 2029 have been estimated at between $1.6 billion and $2.3 billion.
  
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• Murray & Roberts flags big loss

  29-08-2023 09:52 via businessnews.com.au
  
  South Africa’s Murray & Roberts has foreshadowed a big loss for the past financial year with most of the loss attributed to its former Australian subsidiaries Clough and RUC Cementation.
  
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• Costs blow out in Lynas’ Kalgoorlie plant

  29-08-2023 09:47 via businessnews.com.au
  
  The projected budget to build Lynas Rare Earths’ Kalgoorlie processing facility has escalated to $780 million, up from the previous estimation of $575 million.
  
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• 'That's not what I thought was going to happen': Protesters interrupt incoming RBA boss over unemployment comments

  29-08-2023 09:40 via abc.net.au
  
  Student protesters interrupt the beginning of a speech by incoming RBA governor Michele Bullock, taking issue with her past comment about needing to see the unemployment rate rise.
  
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• 'That's not what I thought was going to happen': Incoming RBA boss interrupted by protesters for wanting unemployment to rise

  29-08-2023 09:40 via abc.net.au
  
  Student protesters interrupted the beginning of a speech by incoming RBA governor Michele Bullock, taking issue with her past comment about needing to see the unemployment rate rise.
  
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• Protesters interrupt incoming RBA boss for wanting '140,000 people' to lose their jobs

  29-08-2023 09:40 via abc.net.au
  
  Student protesters interrupt the beginning of a speech by incoming RBA governor Michele Bullock, taking issue with her past comment about needing to see the unemployment rate rise.
  
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• Incoming RBA governor flags future changes to controlling inflation due to 'uncertainty' from climate change

  29-08-2023 09:40 via abc.net.au
  
  Incoming RBA governor Michele Bullock says the central bank will need to reassess how it controls inflation in the future, saying the growing uncertainty posed by climate change will pose a new economic challenge.
  
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• Kalgoorlie council backs BHP plan for 1,100-bed mining camp

  29-08-2023 09:35 via abc.net.au
  
  There are concerns increasing numbers of fly-in fly-out workers will destroy the "social fabric" of Kalgoorlie-Boulder as BHP moves forward with plans for a large-scale mining camp in the city.
  
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• Black Cat Syndicate forecasts $8.3m placement 

  29-08-2023 09:18 via businessnews.com.au
  
  High net worth investors are expected to fund ASX-listed Black Cat Syndicate $8.3 million to bolster exploration.
  
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• Aust stocks rise for second day in relief rally

  29-08-2023 09:10 via businessnews.com.au
  
  The local share market has closed 0.7 per cent higher, with Wesfarmers climbing its farthest since February 2022.
  
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• BlueScope fined a record $57.5 million over attempted price fixing that could have affected millions of consumers

  29-08-2023 08:58 via abc.net.au
  
  The Federal Court fines BlueScope for engaging in cartel conduct over the supply of a product that is an essential material for builders, manufacturers and the automotive industry.
  
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• Court rules in Quintis founder, ASIC dispute

  29-08-2023 08:52 via businessnews.com.au
  
  The Federal Court has decided Frank Wilson did not breach his director’s duties after finding ASIC could not prove its allegations against the Quintis Sandalwood founder.
  
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• $3bn falls short of SWIS needs: opposition

  29-08-2023 08:51 via businessnews.com.au
  
  A $3 billion announcement to future-proof energy grids won’t resolve critical issues in the South West, according to the state opposition.
  
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• How would you describe the flavour of a perfect steak?

  29-08-2023 08:49 via abc.net.au
  
  Australia's cattle industry could unlock a lot more value if it developed flavour profiles similar to those used in the wine industry, according to a flavour chemist and sensory scientist.
  
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• Discovery of "stronghold" for endangered greater gliders prompts calls to pause logging in NSW forest

  29-08-2023 07:20 via abc.net.au
  
  Environmental groups say they have discovered a "dense" population of the endangered marsupials in an area of Tallaganda State Forest that was left unscathed by the Black Summer bushfires of 2019-2020.
  
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• Sporting bodies claim lack of consultation during planning for cancelled Commonwealth Games

  29-08-2023 07:15 via abc.net.au
  
  The head of a Victorian Commonwealth Games committee tells a federal Senate inquiry it seemed as though host cities were not being listened to during planning for the now cancelled 2026 event.
  
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• WA basins open for carbon capture exploration

  29-08-2023 07:07 via businessnews.com.au
  
  Parts of the Browse, Perth, Bonaparte and Northern Carnarvon basins will be opened to offshore greenhouse gas carbon capture exploration, as part of an acreage release.
  
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• Ellison angles for answers on Perth Basin

  29-08-2023 07:01 via businessnews.com.au
  
  Mineral Resources managing director Chris Ellison says further spending in the Perth Basin will depend on the outcome of discussions with the state government regarding export approvals.
  
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• Virgin Australia boss says more Qatar Airways flights would lower airfares

  29-08-2023 06:59 via abc.net.au
  
  Virgin Australia boss Jayne Hrdlicka has called on the federal government to rethink its decision to block Qatar Airways from increasing its flights to Australia, saying more flights would cut airfares by up to 40 per cent. 
  
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• BHP to build village for Kalgoorlie workers

  29-08-2023 06:56 via businessnews.com.au
  
  BHP Nickel West has obtained land to build a temporary workers village to house staff working on the $500 million Kalgoorlie smelter upgrade.
  
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• Victoria urged to consider dropping stamp duty by property inquiry

  29-08-2023 06:52 via abc.net.au
  
  Victoria should explore ditching stamp duty and replacing it with a land tax to improve housing affordability, a powerful parliamentary inquiry recommends.
  
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• 'Stamp duty is not an equitable tax': Victoria urged to consider axing property fee

  29-08-2023 06:52 via abc.net.au
  
  Victoria should explore ditching stamp duty and replacing it with a land tax to improve housing affordability, a powerful parliamentary inquiry recommends.
  
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• WA business key in stabilising China tensions: PM

  29-08-2023 05:47 via businessnews.com.au
  
  Prime Minister Anthony Albanese has praised Western Australian business for its role in stabilising China relations on the final morning of his cabinet’s three-day visit to the west coast.
  
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• Barbie topples Harry Potter to become Warner Bros' highest-grossing film of all time

  29-08-2023 05:27 via abc.net.au
  
  Come on Barbie, lets go break some box office records in the US and internationally.
  
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• Rebrand instore for Perth hotel

  29-08-2023 05:22 via businessnews.com.au
  
  The buyers of the Seasons of Perth Hotel have revealed plans to extensively renovate and rebrand the asset ahead of reopening in 2024.
  
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• Taiwan wants Australia's backing to join trade pact as Beijing pushes for it to be blocked

  29-08-2023 05:06 via abc.net.au
  
  Taipei says it's hopeful to strengthen trade and bilateral relations despite Canberra's attempts to stabilise ties with Beijing. 
  
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• Artist known as Tank wins battle with Temu to get copycat art removed from sale

  29-08-2023 05:03 via abc.net.au
  
  Tank, who recently spoke out about his designs being sold by the Chinese online retail giant, says Australians have "good standards" and "don't want to see anyone be ripped off for a fair day's work".
  
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