Analyst news

• Power fight turns nasty as US-controlled plant decries efforts to 'destroy' its rights

  21-09-2023 23:43 via abc.net.au
  
  A high-stakes fight over the future of a failed Australian coal mine descends into acrimony, as a major power station takes legal action against consultancy Deloitte.
  
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• Mining exploration thought 'abandoned' by locals ramps up in Central West NSW

  21-09-2023 23:02 via abc.net.au
  
  A proposed gold, lead, zinc and silver mine near Blayney in Central West NSW is a step closer to becoming a reality, but a nearby community says it is not being included in the conversation.
  
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• Priced out of the rental market and six months pregnant, Maria's only option was to live in a tent

  21-09-2023 22:56 via abc.net.au
  
  Working full-time, recently married and pregnant, Maria and her partner never thought they wouldn't be able to find a home. But amid the rental crisis that's plaguing Australia, living in a tent was their only option. 
  
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• Maria came from Colombia with big dreams of Australia. Now she's pregnant and living in a tent near Darwin

  21-09-2023 22:56 via abc.net.au
  
  Working full-time, recently married and pregnant, Maria and her partner never thought they wouldn't be able to find a home. But amid the rental crisis that's plaguing Australia, living in a tent was their only option. 
  
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• With Rupert Murdoch going, his children have a chessboard of potential moves to make

  21-09-2023 21:08 via abc.net.au
  
  Rupert Murdoch always wanted his media empire to stay in the family, but he could never commit to an heir. Despite having six children, only three were ever considered viable successors.
  
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• The real-life Succession: Why Rupert Murdoch's children spent years competing for his favour

  21-09-2023 21:08 via abc.net.au
  
  Rupert Murdoch always wanted his media empire to stay in the family, but he could never commit to an heir. Despite having six children, only three were ever considered viable successors.
  
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• 'It's like The Godfather': How Rupert Murdoch's children spent their lives in competition

  21-09-2023 21:08 via abc.net.au
  
  Rupert Murdoch always wanted his media empire to stay in the family, but he could never commit to an heir. Despite having six children, only three were ever considered viable successors.
  
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• Ella's story of selling her Sydney unit for a $90,000 loss will make you think twice about entering housing market

  21-09-2023 20:48 via abc.net.au
  
  Almost one in six sellers in Sydney's high-construction neighbourhoods are losing money, some as much as $100,000 for their lifetime investment, with interest rate squeeze pushing buyers to sell up for a loss. 
  
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• Ella's story of selling a Sydney unit for a $90,000 loss will make you think twice about entering the housing market

  21-09-2023 20:48 via abc.net.au
  
  Almost one in six sellers in Sydney's high-construction neighbourhoods are losing money, some as much as $100,000 for their lifetime investment, with interest rate squeeze pushing buyers to sell up for a loss. 
  
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• Ella spent her life savings on a Sydney unit — it sold for $100,000 less five years later

  21-09-2023 20:48 via abc.net.au
  
  Almost one in six sellers in Sydney's high-construction neighbourhoods are losing money, some as much as $100,000 for their lifetime investment, with interest rate squeeze pushing buyers to sell up for a loss. 
  
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• Ella lost $100,000 when she sold her Sydney unit bought just five years ago — and she's not alone

  21-09-2023 20:48 via abc.net.au
  
  One in six sellers in Sydney's high-construction neighbourhoods are losing money, some as much as $100,000 for their lifetime investment, with interest rate squeeze pushing buyers to sell up for a loss. 
  
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• 'The time is right': Rupert Murdoch steps down as chairman of Fox Corporation and News Corp

  21-09-2023 15:21 via abc.net.au
  
  His son Lachlan Murdoch will become the sole chair of News Corp following his decision to step down.
  
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• Rupert Murdoch steps down as chairman of Fox Corporation and News Corp

  21-09-2023 15:21 via abc.net.au
  
  His son Lachlan Murdoch will become the sole chair of News Corp.
  
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• Chevron strike action to end soon

  21-09-2023 13:26 via businessnews.com.au
  
  Chevron Australia and Offshore Alliance members have agreed to draft revised enterprise agreements, paving the way for an end to strike action off WA's coast.
  
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• Danielle works full-time as a nurse, but buying gifts for her nieces and nephews is a 'luxury' she can't afford

  21-09-2023 12:13 via abc.net.au
  
  An inquiry into price gouging in Australia has seen big business accused of using rising inflation to disguise their increasing profits while households struggle to make ends meet during a cost-of-living crisis.
  
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• Danielle works full-time as a nurse, but buying gifts for her nieces and nephews is a 'luxury' she can't afford

  21-09-2023 12:13 via abc.net.au
  
  An inquiry into price gouging in Australia has seen big business accused of using rising inflation to disguise their increasing profits while households struggle to make ends meet during a cost-of-living crisis.
  
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• Regional bank closures 'ripping the heart out of country towns', inquiry told

  21-09-2023 10:35 via abc.net.au
  
  A senate inquiry into regional bank closures hears of the dramatic impact on elderly people and those who cannot travel easily.
  
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• Should New South Wales introduce a short-term accommodation tax like Victoria has?

  21-09-2023 10:13 via abc.net.au
  
  A tourism body in NSW says more details are required about how a levy on platforms like Airbnb and Stayz will work before it's considered in the state, as regional mayors who have long been calling for a bed tax discuss its merits.
  
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• At Close of Business podcast September 21 2023

  21-09-2023 10:11 via businessnews.com.au
  
  Claire Tyrrell and Jack McGinn discuss the plans of Forrest empire property division Fiveight and its inaugural chief Paige Walker.
  
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• Aust stocks hit 10-week low after Fed's ‘hawkish pause’

  21-09-2023 10:07 via businessnews.com.au
  
  The local share market has fallen 1.4 per cent to close at its lowest level since early July after the Federal Reserve sounded hawkish on interest rates.
  
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• New deal for Aerison Group

  21-09-2023 10:03 via businessnews.com.au
  
  Aerison Group creditors will have an urgent meeting to discuss a bid from APCINFRA after a proposed arrangement with Pacific Industrial Company fell through.
  
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• What's next for the mighty Murray's River Queen?

  21-09-2023 09:46 via abc.net.au
  
  The Murray's River Queen has been no stranger to controversy in her five decades on the river and now she may be bound for a new home downstream.
  
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• What's next for the mighty Murray's contentious River Queen?

  21-09-2023 09:46 via abc.net.au
  
  The Murray's River Queen has been no stranger to controversy in her five decades on the river and now she may be bound for a new home downstream.
  
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• Gold Corp chair on embattled Perth Mint

  21-09-2023 09:42 via businessnews.com.au
  
  Sam Walsh has used his platform as the chair of the Gold Corporation to address the tarnished reputation of the Perth Mint amid investigations into the embattled refinery.
  
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• Midland Gate sells for $465m

  21-09-2023 09:41 via businessnews.com.au
  
  The retail asset sold for considerably less than the asking price.
  
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• Cardaci widow sues Bennett, EY

  21-09-2023 09:30 via businessnews.com.au
  
  The widow of deceased CFC Group boss Marc Cardaci is suing law firm Bennett and accountant EY over more than $4 million she claimed was wrongly paid.
  
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• Receivers confirm Beyondie sale, shutdown to follow

  21-09-2023 09:29 via businessnews.com.au
  
  The Beyondie project will be placed under care and maintenance ahead of a planned restart under proposed new owners Agrimin, who will raise capital in the coming weeks to fund the buy.
  
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• Chevron, unions given last-chance proposal to end pay dispute at company's Pilbara LNG plants

  21-09-2023 08:58 via abc.net.au
  
  The Fair Work Commission puts forward a set of recommendations aimed at ending the current stand-off over enterprise agreements, including a $7,000 travel allowance for workers and extra pay when planes to take them home are late.
  
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• Chevron accepts Fair Work Commission recommendations to resolve pay dispute at company's Pilbara LNG plants

  21-09-2023 08:58 via abc.net.au
  
  American multinational Chevron says it will accept recommendations made by the Fair Work Commission to resolve a pay dispute between the company and unions at two of the world's largest gas projects in the Pilbara. 
  
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• Walker steps up for portfolio challenge

  21-09-2023 08:57 via businessnews.com.au
  
  The new Fiveight chief is getting a handle on the Forrest empire’s diverse range of property assets.
  
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• Launch a milestone for solar robotics

  21-09-2023 08:56 via businessnews.com.au
  
  The opening of a new solar robotics facility in Canning Vale has been lauded by Minister for Innovation Stephen Dawson as testament to the state’s emerging technology capabilities.
  
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• Water Corp posts $1bn surplus

  21-09-2023 08:44 via businessnews.com.au
  
  Water services supplier Water Corporation has posted an almost $1 billion surplus amid improved revenue off the back of increased service charges.
  
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• Synergy generates $732 million loss

  21-09-2023 08:09 via businessnews.com.au
  
  State-owned energy retailer Synergy has recorded a before tax loss of $732.6 million last financial year, attributed to contracts where expenses exceed economic benefit.
  
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• Unis back move to scrap pass rule

  21-09-2023 08:02 via businessnews.com.au
  
  WA’s universities applaud the plan to remove the controversial threshold, which affected disadvantaged students.
  
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• Regional bank branches are closing by the hundreds, but those who shut them down say the local post office will suffice

  21-09-2023 07:52 via abc.net.au
  
  The bosses of Commonwealth Bank, Westpac, NAB and ANZ descended on Canberra to defend shutting hundreds of regional bank branches in recent years. Here's how they justified their decisions after spending a day under the microscope.
  
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• It costs every Commonwealth Bank customer $40 to keep cash available — but the majority of them don't use it

  21-09-2023 07:52 via abc.net.au
  
  The bosses of Commonwealth Bank, Westpac, NAB and ANZ descended on Canberra to defend shutting hundreds of regional bank branches in recent years. Here's how they justified their decisions after spending a day under the microscope.
  
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• Up to fifty jobs will be lost at Bushmaster manufacturing company, but what does it mean for other Defence contracts?

  21-09-2023 07:50 via abc.net.au
  
  The regional Victorian city of Bendigo is facing redundancies at one of its major employers. But defence manufacturers and business experts say it's not all bad news.
  
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• Up to 50 jobs will be lost at Bushmaster manufacturing company, but what does it mean for other Defence contracts?

  21-09-2023 07:50 via abc.net.au
  
  The regional Victorian city of Bendigo is facing redundancies at one of its major employers. But defence manufacturers and business experts say it's not all bad news.
  
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• Battery-electric trucks tested at Laverton mine

  21-09-2023 07:38 via businessnews.com.au
  
  Goldminer AngloGold Ashanti, contractor Barminco and engineering firm Sandvik have struck a deal to test a battery-electric underground mining truck at a Laverton mine.
  
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• $350m timber tower decision looms

  21-09-2023 06:59 via businessnews.com.au
  
  A $350 million development poised to be the tallest timber tower in the world will have to clear a planning hurdle after the City of South Perth recommended it be refused.
  
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• 'Bound to be a bushfire': El Niño sparks fresh fears in booming estate with only one road out

  21-09-2023 06:51 via abc.net.au
  
  More than 6,000 people live in this Queensland estate, but there's only one access point. A highway link road is more than a year overdue — and residents fear it could come too late.
  
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• 'Humanity has opened the gates of hell': Key world leaders missing at UN summit as emissions targets go unmet

  21-09-2023 06:26 via abc.net.au
  
  World leaders are told "the future is not fixed" and urged to "make up time lost to foot dragging" on reducing emissions, at the UN Climate Ambition Summit in New York.
  
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• 'We know we've let people down': Qantas chairman dodges calls to quit

  21-09-2023 06:13 via abc.net.au
  
  In his first broadcast interview since ACCC allegations became public, Qantas chairman Richard Goyder maintains he has the confidence of the board and says major investors want him to stay.
  
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• MBA secures Gelavis replacement

  21-09-2023 06:05 via businessnews.com.au
  
  Master Builders Association of WA has announced Matthew Pollock as its new chief executive, succeeding John Gelavis who stepped down in August.
  
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• They make clothes for the biggest sporting brands in the world. But these women are spiralling in debt distress

  21-09-2023 04:53 via abc.net.au
  
  The women making clothes and shoes for some of the world's biggest brands have seen their wages drop and are spiralling into debt, even as fashion companies see revenues rise, according to a new report.
  
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• The women making your Nike and Adidas clothes are facing spiralling debt

  21-09-2023 04:53 via abc.net.au
  
  The women making clothes and shoes for some of the world's biggest brands have seen their wages drop and are spiralling into debt, even as fashion companies see revenues rise, according to a new report.
  
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• 'You risk your life every time' on Victorian roads, cyclist tells safety inquiry

  21-09-2023 04:37 via abc.net.au
  
  A state parliamentary inquiry is warned of the dangers faced by vulnerable road users at a hearing in country Victoria, as the state's devastating road toll continues to climb.
  
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• Hundreds of jobs axed as company stops steelmaking operations in Newcastle

  21-09-2023 03:55 via abc.net.au
  
  Molycop is restructuring its Waratah steelmaking plant, cutting 250 of its 540-strong workforce.
  
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• Hundreds of jobs axed as company ceases steelmaking operations in Newcastle

  21-09-2023 03:55 via abc.net.au
  
  Molycop is restructuring its Waratah steelmaking plant, cutting 250 of its 540-strong workforce.
  
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• Wall Street closes lower after Fed holds rates steady

  21-09-2023 03:05 via businessnews.com.au
  
  US stocks have closed lower as investors digested comments from the country's central bank.
  
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