Analyst news

• Live: China's iPhone ban sends Apple and Wall Street lower, ASIC sues AustralianSuper, ASX set for modest gain

  07-09-2023 23:44 via abc.net.au
  
  Wall Street finished lower overnight as China's ban on iPhones saw investors nervous about what it could mean for other tech stocks, while ASIC is suing AustralianSuper for allegedly failing to address multiple superannuation accounts. Follow live.
  
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• Live: ASIC sues AustralianSuper over 'failure' that took $69m from the accounts of 90,000 members, ASX down

  07-09-2023 23:44 via abc.net.au
  
  The corporate regulator is suing Australia's largest superannuation fund for allegedly failing to address multiple superannuation accounts belonging to 90,000 customers, while the ASX is lower after a flat start. Follow live.
  
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• Live: ASIC sues AustralianSuper over $69m 'failure' affecting 90,000 customers, China's iPhone ban hits Wall Street, ASX flat

  07-09-2023 23:44 via abc.net.au
  
  Wall Street finished lower overnight in response to China's ban on iPhones, while corporate regulator ASIC is suing AustralianSuper for allegedly failing to address multiple superannuation accounts belonging to 90,000 customers. Follow live.
  
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• ASIC sues AustralianSuper over 'failure' that took $69m from the accounts of 90,000 members, ASX finishes down

  07-09-2023 23:44 via abc.net.au
  
  The corporate regulator is suing Australia's largest superannuation fund for allegedly failing to address multiple superannuation accounts belonging to 90,000 customers, while the ASX finished the week lower — as it happened.
  
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• Farmers call on ACCC to block Coles milk factory deal amid 'bargaining power' fears

  07-09-2023 23:12 via abc.net.au
  
  Supermarket giant Coles is pushing to buy two milk factories, but Australian fairy farmers say it will give the retailer too much control over farm gate milk prices.
  
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• How one shopper's 'sheer disbelief' at the rising cost of groceries reached millions of Australians

  07-09-2023 22:28 via abc.net.au
  
  Backlash against Coles and Woolworths is swirling on social media as the supermarket giants record large profits amid a cost of living crisis. But one expert says the anger, and calls for a boycott, are unlikely to have a lasting effect.
  
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• How one Australian's 'sheer disbelief' at the rising cost of groceries reached 1.7 million shoppers

  07-09-2023 22:28 via abc.net.au
  
  Backlash against Coles and Woolworths is swirling on social media as the supermarket giants record large profits amid a cost of living crisis. But one expert says the anger, and calls for a boycott, are unlikely to have a lasting effect.
  
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• Anger, boycott calls trend as shoppers react to supermarket giant profits amid cost of living crisis

  07-09-2023 22:28 via abc.net.au
  
  Backlash against Coles and Woolworths is swirling on social media as the supermarket giants record large profits amid a cost of living crisis. But one expert says the anger, and calls for a boycott, are unlikely to have a lasting effect.
  
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• 'Absolutely crazy': Developer gets approval to build 16 homes on site of Echuca 'inland sea'

  07-09-2023 22:12 via abc.net.au
  
  A northern Victorian council has approved 16 townhouses to be built on land that was significantly flooded in the Murray River town of Echuca during last year's flood.
  
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• One tiny change to food delivery apps could eliminate millions of tonnes of plastic waste

  07-09-2023 22:00 via abc.net.au
  
  An analysis of data from China's second largest food delivery service shows that adding a "green nudge" could eliminate more than 3 million tonnes of single-use plastic.
  
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• A simple 'green nudge' could save millions of tonnes of plastic waste each year

  07-09-2023 22:00 via abc.net.au
  
  An analysis of data from China's second largest food delivery service shows that adding a "green nudge" could eliminate more than 3 million tonnes of single-use plastic.
  
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• Myanmar photojournalist jailed for 20 years over cyclone aftermath reporting

  07-09-2023 20:54 via abc.net.au
  
  A court in Myanmar sentences a photojournalist for an underground news agency to 20 years in prison with hard labour for his coverage of a deadly cyclone's aftermath.
  
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• Is Huawei's new phone proof China is gaining ground in the chip wars? Here's what the experts say

  07-09-2023 20:43 via abc.net.au
  
  Chinese state media has pointed to Huawei's new smartphone as evidence the United States' attempts to curtail China's microchip development are failing. So how significant is the tech in the new phone and what does it mean for the "chip wars"? 
  
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• Huawei launched a new phone without fanfare last week. But the technology it uses has sparked intense debate

  07-09-2023 20:43 via abc.net.au
  
  Chinese state media has pointed to Huawei's new smartphone as evidence the United States' attempts to curtail China's microchip development are failing. So how significant is the tech in the new phone and what does it mean for the "chip wars"? 
  
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• Construction to begin today on Broome's $200 million floating jetty after years of delays

  07-09-2023 12:57 via abc.net.au
  
  The director of a major floating jetty project in Western Australia's Kimberley says the construction phase will begin two years after initially planned.     
  
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• Construction to begin on Broome's $200 million floating jetty after years of delays

  07-09-2023 12:57 via abc.net.au
  
  The director of a major floating jetty project in Western Australia's Kimberley says the construction phase of the project will begin tomorrow, two years after initially planned.     
  
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• Construction starts on Broome's $200 million floating jetty after years of delays

  07-09-2023 12:57 via abc.net.au
  
  The director of a major floating jetty project in Western Australia's Kimberley says the construction phase will begin two years after initially planned.     
  
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• Catherine King says airfares 'will come down' as other airlines increase capacity

  07-09-2023 11:48 via abc.net.au
  
  Transport Minister Catherine King has pledged airfares will soon come down, saying Qatar Airways is "not the only airline that adds to competition".
  
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• Austal wins $143m contract

  07-09-2023 11:10 via businessnews.com.au
  
  Henderson-based shipbuilder manufacturer Austal has been awarded a $143 million contract for the construction of three vessels for the US Navy.
  
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• At Close of Business podcast September 7 2023

  07-09-2023 10:13 via businessnews.com.au
  
  Claire Tyrrell and Jack McGinn discuss the portfolio responsibilities of Housing, Planning, Lands and Homelessness Minister John Carey.
  
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• Club Moolia payment demands thrown out

  07-09-2023 10:05 via businessnews.com.au
  
  The developer of a proposed luxury country club in Bindoon has successfully had a statutory demand for payment in the order of $1.3 million set aside in Western Australia’s Supreme Court.
  
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• Australian shares suffer worst loss in three weeks

  07-09-2023 09:34 via businessnews.com.au
  
  The local share market has closed 1.2 per cent lower after strong service-sector data in the US renewed fears about inflation there.
  
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• Cost hikes hit Freo Dockers’ HQ project

  07-09-2023 09:29 via businessnews.com.au
  
  Estimated costs for the Cockburn ARC expansion have escalated, with the City of Cockburn having to update its business plan about nine months after releasing it to the public.
  
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• Public servant concedes he was not directed by education minister's office about school refurbishment tender

  07-09-2023 09:21 via abc.net.au
  
  The former ACT Education Directorate official previously told an integrity commission hearing that he was told the Education Minister's chief of staff said: "Manteena is not to get it".
  
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• Administrators called in for Rockingham brewery

  07-09-2023 08:45 via businessnews.com.au
  
  Rockingham brewery and restaurant Sound Brewing Co has appointed administrators from WA Insolvency Solutions, the second Perth brewer to do so in two weeks.
  
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• Sole trader fined almost $50k

  07-09-2023 08:21 via businessnews.com.au
  
  A sole trader has been fined more than $47,000 after an employee suffered serious injuries while working at a Great Southern mechanical workshop.
  
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• More transgender people accuse Channel Seven of using images of them without consent

  07-09-2023 08:17 via abc.net.au
  
  Following an Australian transgender content creator's claims that Channel Seven used two photographs of her in an episode of Spotlight without her consent, two more transgender people have come forward saying the same.
  
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• Gascoyne joins WA EV network

  07-09-2023 08:08 via businessnews.com.au
  
  The Gascoyne region is now part of Western Australia’s electric vehicle network, with a new fast charger launched in Carnarvon today by Horizon Power.
  
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• Time for women’s sport to cash in

  07-09-2023 08:00 via businessnews.com.au
  
  The stunning success of the Matildas will help in the highly competitive push to access resources.
  
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• RBA governor Philip Lowe warns about future inflation, criticises 'personal attacks', in final speech

  07-09-2023 07:35 via abc.net.au
  
  RBA governor Philip Lowe says we could manage inflation better, and floated ideas on how to do that, while addressing "vitriol" directed his way, in final speech.
  
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• Why 15,000 old mattresses are proving to be a multimillion-dollar headache

  07-09-2023 07:27 via abc.net.au
  
  WA's largest regional city is facing an expensive clean up bill for 15,000 discarded mattresses after environmental regulators deemed them a serious fire risk. 
  
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• Latest Qantas cuts to Alice Springs has NT minister welcoming Alan Joyce's departure

  07-09-2023 07:23 via abc.net.au
  
  Further airline services have been cut to central Australia Iin Alan Joyce's final act as outgoing Qantas chief. The move is prompting the Northern Territory tourism minister, Nicole Manison to welcome Joyce's retirement.
  
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• Battle lines drawn: SA government launches ad campaign interstate to lure Victorian businesses

  07-09-2023 07:05 via abc.net.au
  
  The South Australian government launches an advertising blitz in Melbourne's CBD, spruiking its business credentials, drawing a response from the Victorian Premier.
  
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• Woodside explores imported carbon storage

  07-09-2023 06:58 via businessnews.com.au
  
  Woodside Energy will explore the storage of carbon imported from Japan, as part of an ambition to build a carbon capture and storage value chain between the nations.
  
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• Sheep prices crash as farmers sell their poorest stock for as little as $1

  07-09-2023 06:34 via abc.net.au
  
  Sheep producers are selling their poorest stock for as little as a few dollars a head as meat markets continue their freefall.
  
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• Perenti notches $360m contract win

  07-09-2023 06:18 via businessnews.com.au
  
  Mining services group Perenti has secured a $360 million contract extension with its major client Sandfire Resources for work on the Motheo copper mine in Botswana.
  
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• Bill to close labour hire loopholes pushed into 2024

  07-09-2023 06:03 via businessnews.com.au
  
  The reporting date for an inquiry into laws to close labour hire loopholes has been pushed into next year, effectively ending its chances of passing this year.
  
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• How old is too old to safely drive? The states can't agree but UQ researchers may be close to the answer

  07-09-2023 05:35 via abc.net.au
  
  Deciding what age is too old to drive is an emotionally charged issue for many families, but it's hoped a new online test will revolutionise the process.
  
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• Woodside lays trunk for Scarborough supply

  07-09-2023 05:29 via businessnews.com.au
  
  Woodside Energy has started laying pipe to connect the Scarborough gas field to its onshore Pluto LNG facility, as it progresses the project towards targeted first cargo in 2026.
  
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• Nishan hasn't used eHarmony for 20 months but hasn't been able to remove himself from its billing cycle

  07-09-2023 05:19 via abc.net.au
  
  eHarmony is hit with a lawsuit by the consumer watchdog, alleging the dating site breached Australian consumer law by making misleading statements about the pricing, renewal and cancellation of its memberships.
  
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• eHarmony sued over alleged 'subscription trap' and other 'misleading' statements

  07-09-2023 05:19 via abc.net.au
  
  eHarmony is hit with a lawsuit by the consumer watchdog, alleging the dating site breached Australian consumer law by making misleading statements about the pricing, renewal and cancellation of its memberships.
  
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• Dating site eHarmony sued over alleged 'subscription trap' and other 'misleading' statements

  07-09-2023 05:19 via abc.net.au
  
  eHarmony is hit with a lawsuit by the consumer watchdog, alleging the dating site breached Australian consumer law by making misleading statements about the pricing, renewal and cancellation of its memberships.
  
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• ASIC sues PayPal over contract terms

  07-09-2023 04:51 via businessnews.com.au
  
  The corporate watchdog is suing PayPal Australia, claiming the payment service company had unfair terms in its contract forms for small businesses.
  
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• ASIC sues PayPal over contract term

  07-09-2023 04:51 via businessnews.com.au
  
  The corporate watchdog is suing PayPal Australia, claiming the payment service company had an unfair term in its contract forms for small businesses.
  
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• Huge class action set to be launched against Perth builder that left customers waiting years for new homes

  07-09-2023 03:58 via abc.net.au
  
  WA home builder BGC is set to be hit with a massive class action as potentially thousands of disgruntled home owners seek compensation after waiting years for their homes to be built.
  
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• Broome marine support base build to begin

  07-09-2023 03:54 via businessnews.com.au
  
  Construction of a long-awaited marine support base at Broome Port will begin this year after securing the final piece of its funding puzzle.
  
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• Broome shire issues govt housing challenge

  07-09-2023 03:33 via businessnews.com.au
  
  The Shire of Broome has challenged the state government and industry to follow its footsteps and build new homes for staff instead of leasing from the town’s tight rental market.
  
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• Funding secured for BGC class action

  07-09-2023 02:56 via businessnews.com.au
  
  Lawyers from Morgan Alteruthemeyer Legal Group have secured litigation funding to pursue a class action lawsuit against property developer BGC over construction delays.
  
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• Claims low pay keeping 'smart young people' from becoming pilots, causing shortages in besieged industry

  07-09-2023 02:51 via abc.net.au
  
  It costs $150,000 to become a pilot, but juniors would be "lucky" to earn $35,000 in their first year, according to the Australian and International Pilots Association.
  
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• Chevron industrial action delayed

  07-09-2023 02:25 via businessnews.com.au
  
  Industrial action scheduled to start today at Chevron’s Gorgon and Wheatstone facilities has been delayed by 24 hours, the LNG producer and Offshore Alliance have confirmed.
  
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