Analyst news

• Philip Lowe delivered his final speech as RBA governor and the ASX extended its losses for the week — as it happened

  06-09-2023 23:42 via abc.net.au
  
  Outgoing RBA governor Philip Lowe has delivered his final public speech before handing over to Michele Bullock next week, as the ASX extended its losses for the week.
  
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• Live: Philip Lowe to give final speech as RBA governor, Wall Street weaker on interest rate concerns, ASX to fall

  06-09-2023 23:42 via abc.net.au
  
  Outgoing RBA governor Philip Lowe will give his final public speech before handing over to Michele Bullock next week, while Wall Street fell after economic data prompted concerns interest rates will stay higher for longer. Follow live.
  
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• Live: Philip Lowe to give final speech as RBA governor, ASIC sues PayPal Australia, Wall Street falls on interest rate fears

  06-09-2023 23:42 via abc.net.au
  
  Outgoing RBA governor Philip Lowe will give his final public speech before handing over to Michele Bullock next week, while Wall Street fell after economic data prompted concerns interest rates will stay higher for longer. Follow live.
  
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• Live: Philip Lowe to give final speech as RBA governor, ASIC sues PayPal Australia, ASX lower on overseas interest rate fears

  06-09-2023 23:42 via abc.net.au
  
  Outgoing RBA governor Philip Lowe will give his final public speech before handing over to Michele Bullock next week, while Wall Street fell after economic data prompted concerns interest rates will stay higher for longer. Follow live.
  
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• Live: Philip Lowe to give final speech as RBA governor, ASIC sues PayPal Australia, ASX lower

  06-09-2023 23:42 via abc.net.au
  
  Outgoing RBA governor Philip Lowe will give his final public speech before handing over to Michele Bullock next week, while the ASX is trading down following poor US economic data prompted concerns interest rates will stay higher for longer. Follow live.
  
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• Live: Mike Cannon-Brookes takes over Sun Cable, Lowe reflects on time as RBA governor before taking flight, ASX down

  06-09-2023 23:42 via abc.net.au
  
  Outgoing RBA governor Philip Lowe has delivered his final public speech before handing over to Michele Bullock next week, while Mike Cannon-Brookes has officially taken over the divisive Sun Cable project in the NT. Follow live.
  
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• Live: Lowe delivers final speech as RBA governor, ASIC sues PayPal Australia, ASX lower

  06-09-2023 23:42 via abc.net.au
  
  Outgoing RBA governor Philip Lowe is giving his final public speech before handing over to Michele Bullock next week, while the ASX is trading down after poor US economic data prompted concerns interest rates will stay higher for longer. Follow live.
  
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• Live: Lowe admits RBA 'did too much' when it came to interest rates

  06-09-2023 23:42 via abc.net.au
  
  Outgoing RBA governor Philip Lowe is giving his final public speech before handing over to Michele Bullock next week as he speaks on the central bank's actions during the pandemic and interest rates. Follow live.
  
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• Transport minister says Doha strip search was 'context' for Qatar rejection

  06-09-2023 23:23 via abc.net.au
  
  Catherine King says the 2020 incident was one factor in her decision to reject Qatar's application to increase its flights to major Australian airports, but that no single issue swayed her one way or the other.
  
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• 'Absolute nonsense': Transport minister rejects claims Qatar flights would make big difference to ticket prices

  06-09-2023 23:23 via abc.net.au
  
  Catherine King says the 2020 incident was one factor in her decision to reject Qatar's application to increase its flights to major Australian airports, but that no single issue swayed her one way or the other.
  
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• Use of taxpayer-funded consultant to prepare OAM nominations for NT agency labelled 'bizarre'

  06-09-2023 22:42 via abc.net.au
  
  An NT auditor-general's report found the agency used taxpayer dollars to pay the consultant, who was hired to prepare nominations for the agency's current and previous board members.
  
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• Consultant paid with public funds to prepare OAM nominations for NT agency

  06-09-2023 22:42 via abc.net.au
  
  An NT auditor-general's report found the agency used taxpayer dollars to pay the consultant, who was hired to prepare nominations for the agency's current and previous board members.
  
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• Orange industry in Australia shrinking to the point of collapse as short-term contracts, lower prices hit growers

  06-09-2023 22:09 via abc.net.au
  
  There are fears that short-term contracts and low prices for Valencia oranges could force some growers out of the industry.
  
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• Short-term rentals are often blamed for exacerbating the housing crisis. Now the regulation is catching up

  06-09-2023 22:01 via abc.net.au
  
  The rise of short-term holiday rentals like Airbnb and Stayz have changed the way we travel, but they've also faced backlash over concerns they're driving rents up and exacerbating housing shortages in cities around the world.
  
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• How much are short-term rentals really impacting Australia's housing crisis?

  06-09-2023 22:01 via abc.net.au
  
  The rise of short-term holiday rentals like Airbnb and Stayz have changed the way we travel, but they've also faced backlash over concerns they're driving rents up and exacerbating housing shortages in cities around the world.
  
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• Will Alan Joyce's final days at Qantas clip the wings of his exit bonus?

  06-09-2023 20:55 via abc.net.au
  
  Alan Joyce reportedly jets off with a substantial amount of cash and Qantas shares in his portfolio — but valid questions are being asked about whether he is entitled to all of it.
  
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• Qantas' board is under enormous pressure to scrap Alan Joyce's final payout. Could they actually do it?

  06-09-2023 20:55 via abc.net.au
  
  Alan Joyce reportedly jets off with a substantial amount of cash and Qantas shares in his portfolio — but valid questions are being asked about whether he is entitled to all of it.
  
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• Alan Joyce leaves Qantas with millions in the bank, but his final scandal as CEO has slashed his last payout

  06-09-2023 20:55 via abc.net.au
  
  Alan Joyce reportedly jets off with a substantial amount of cash and Qantas shares in his portfolio — but valid questions are being asked about whether he is entitled to all of it.
  
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• At Close of Business podcast September 6 2023

  06-09-2023 10:33 via businessnews.com.au
  
  Claire Tyrrell and Jack McGinn discuss developments in the retail property sector.
  
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• Former ACCC boss applauds record BlueScope fine for attempted price fixing, calls for higher deterrents

  06-09-2023 10:29 via abc.net.au
  
  Former ACCC chair Allan Fels says BlueScope deserved its record penalty for attempted cartel behaviour, but warns some companies may factor potential fines into business models — unless they are much higher.
  
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• Two major players were missing from ASEAN, sparking questions over its relevance

  06-09-2023 10:12 via abc.net.au
  
  Australia brought an "open for business" message to this week's gathering of South-East Asian leaders at the ASEAN summit, but questions about the future of the bloc are already stirring.
  
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• Huge snubs and a trade blueprint: These are the key takeaways from the ASEAN summit

  06-09-2023 10:12 via abc.net.au
  
  Australia brought an "open for business" message to this week's gathering of South-East Asian leaders at the ASEAN summit, but questions about the future of the bloc are already stirring.
  
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• Approvals division feels labour pinch

  06-09-2023 10:05 via businessnews.com.au
  
  A new $22 million state approvals pathway aimed at streamlining green energy projects is on foot but has struggled to find staff, energy minister Bill Johnston says.
  
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• Former Perth councillor has court win

  06-09-2023 10:04 via businessnews.com.au
  
  A WA court has cleared former City of Perth councillor and lawyer Lily Chen of allegations of contempt, over her failure to provide full income information during the state government inquiry.
  
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• Minister rejected Qatar Airways bid same day she signed letter to women strip-searched at Qatari airport

  06-09-2023 09:46 via abc.net.au
  
  Federal Transport Minister Catherine King rejected a bid by Qatar Airways to introduce an additional 21 weekly flights into major capital cities on the same day she signed a letter to five Australian women who were invasively strip-searched at a Qatari airport.
  
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• Canberra's short-term rentals more than double in a year, but experts can't agree on why

  06-09-2023 09:24 via abc.net.au
  
  Rising interest rates, parliamentary sitting weeks and the ACT's tightly regulated rental market have all been posited as reasons for the sharp rise in short-stay accommodation over the 12 months to March 2023.
  
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• Gold Coast businesses facing 'another two years of chaos' urge faster work on light rail construction

  06-09-2023 09:23 via abc.net.au
  
  Businesses along the route of the Gold Coast's latest light rail extension are likely to suffer noise and traffic disruption for another two years before the project is complete.
  
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• Australian shares drop despite solid economic growth

  06-09-2023 08:54 via businessnews.com.au
  
  The local share market has finished 0.8 per cent lower, with every sector save energy losing ground.
  
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• Zempilas, Anghie in official mayor bids

  06-09-2023 08:21 via businessnews.com.au
  
  Incumbent City of Perth Lord Mayor Basil Zempilas has officially entered the mayoral race, running against former deputy mayor Sandy Anghie and another contender.
  
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• Carnegie secures European contract

  06-09-2023 08:13 via businessnews.com.au
  
  Perth-based wave tech developer Carnegie Clean Energy has won a $6.3 million contract to deliver and operate its technology in Europe.
  
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• PM's $70m ‘deal teams’ to grow Asian business

  06-09-2023 08:04 via businessnews.com.au
  
  Prime Minister Anthony Albanese has announced new “investment deal teams” to be based in South East Asia, as part of a $95.4 million investment.
  
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• PM's $70m 'deal teams' to grow Asian business

  06-09-2023 08:04 via businessnews.com.au
  
  Prime Minister Anthony Albanese has announced new Australian “investment deal teams” to be based in South East Asia, as part of a $95.4 million investment to support Asian engagement.
  
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• Ultra-rich players place bets on trouble ahead

  06-09-2023 08:00 via businessnews.com.au
  
  Warren Buffett and Michael Burry pour billions into punts on what’s coming down the track.
  
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• Brightstar to pour $22m into Menzies restart

  06-09-2023 07:36 via businessnews.com.au
  
  Gold explorer Brightstar Resources is budgeting $22 million to deliver its proposed “low-capital pathway” to restart its Menzies and Laverton projects in the Goldfields.
  
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• Timeline revealed for Perth surf park build

  06-09-2023 07:14 via businessnews.com.au
  
  Ground could soon break for WA’s first surf park, and its owners working to bring world class surfers and musicians to the venue.
  
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• Locus adds to Freo portfolio

  06-09-2023 06:36 via businessnews.com.au
  
  The Subiaco-based developer is looking to resubmit its Fremantle proposal, after purchasing the site adjacent to its existing landholding.
  
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• Australia's economy continued to slow in June quarter, households finding it harder to save

  06-09-2023 05:52 via abc.net.au
  
  Australia's economy is growing at an annual pace of 2.1 per cent, down from 2.7 per cent at the end of 2022.
  
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• $2.7b coal royalty hike in NSW will hurt but could have been worse, mining sector says

  06-09-2023 05:45 via abc.net.au
  
  The NSW government plans to boost the budget by close to $3 billion over four years with the increase. The mining sector says it is a "significant additional impost", but is relieved the state did not follow Queensland's model.
  
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• Environment watchdog takes legal action against power station over 'horrific' Lake Macquarie fish kill

  06-09-2023 05:33 via abc.net.au
  
  The NSW Environment Protection Authority alleges Delta Electricity, which owns Vales Point Power Station, is responsible for the deaths of thousands of fish at Mannering Park in 2022.
  
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• Perth office building in $33m sale

  06-09-2023 05:28 via businessnews.com.au
  
  Properties & Pathways has bought a seven-storey apartment building on Murray Street from Nick Zorzi-led Fairworld Holdings.
  
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• Export prices plummet but economic growth up

  06-09-2023 04:53 via businessnews.com.au
  
  Australia’s economy grew by 0.4 per cent in the June quarter, pushed higher by investment and service exports, but export prices experienced their largest fall since 2009.
  
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• Neighbourhood retail is the standout

  06-09-2023 04:00 via businessnews.com.au
  
  Landlords are investing more in neighbourhood shopping centres to capitalise on consumer trends.
  
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• Resources industry report card spruiks 'climate action'

  06-09-2023 03:26 via businessnews.com.au
  
  Mining is more than playing its part in the economy's decarbonisation, according to a progress report issued by the Minerals Council of Australia.
  
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• Production credits 'on the table' for mining expansion

  06-09-2023 02:46 via businessnews.com.au
  
  Tax credits for processing in-demand battery minerals onshore are "on the table" as the federal government considers the next phase of industry support.
  
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• Security in Ecuador comes undone as drug cartels exploit banana industry to ship cocaine

  06-09-2023 02:36 via abc.net.au
  
  Ecuador is wedged between the world's largest cocaine producers, Peru and Colombia, with drug traffickers finding containers filled with bananas to be the perfect vehicle to smuggle their product.
  
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• Perth to take off on multiple extra flights

  06-09-2023 01:30 via businessnews.com.au
  
  The increase in flights over the next five months will help lift Perth Airport’s overseas passenger numbers to pre-pandemic levels.
  
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• Transport minister accuses Coalition of hypocrisy over Qatar Airways

  06-09-2023 01:12 via abc.net.au
  
  Treasurer Jim Chalmers says there is no need to review the rejection of Qatar's application for more flights to major Australian airports, despite a forthcoming Senate inquiry.
  
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• 'No intention' to review Qatar Airways decision despite Senate inquiry

  06-09-2023 01:12 via abc.net.au
  
  Treasurer Jim Chalmers says there is no need to review the rejection of Qatar's application for more flights to major Australian airports, despite a forthcoming Senate inquiry.
  
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• Households have been dipping into their savings to get by, but now those savings are starting to 'dry up'

  06-09-2023 00:24 via abc.net.au
  
  A Queensland Small Business Commission report finds discretionary spending is still falling and the household savings ratio is at its lowest level since the 2008 Global Financial Crisis.
  
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