Analyst news

• Live: Stronger-than-expected US jobs data stokes 'higher for longer' interest rate fears, Wall Street finishes lower, ASX to dip

  03-10-2023 23:35 via abc.net.au
  
  The Australian share market is set to fall when trade begins after Wall Street saw sharp losses in response to stronger-than-expected jobs data in the US, stoking fears interest rates will remain higher for longer. Follow live.
  
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• Live: Stronger-than-expected US jobs data stokes 'higher for longer' interest rate fears, ASX follows Wall Street lower

  03-10-2023 23:35 via abc.net.au
  
  The Australian share market follows Wall Street's lead and opens lower at the beginning of trade, after stronger-than-expected jobs data in the US stoked fears among investors that interest rates would remain higher for longer. Follow live.
  
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• Live: ASX hits 11-month low after stronger-than-expected US jobs data stokes 'higher for longer' interest rate fears

  03-10-2023 23:35 via abc.net.au
  
  The Australian share market follows Wall Street's lead and is trading substantially lower, after stronger-than-expected jobs data in the US stoked fears among investors that interest rates would remain higher for longer. Follow live.
  
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• ASX hits 11-month low after US jobs data stokes 'higher for longer' interest rate fears — as it happened

  03-10-2023 23:35 via abc.net.au
  
  The Australian share market lost more value today, extending a run of losses after stronger-than-expected jobs data in the US stoked fears among investors that interest rates would remain higher for longer. Look back at how the day unfolded.
  
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• Sarah does 90 per cent of her grocery shopping online — but she's not checking out at the big supermarkets

  03-10-2023 23:00 via abc.net.au
  
  Thousands of Australians opted to do their grocery shopping online during the pandemic, but plenty are yet to return to shopping in store as they try to get the most bang for their buck amid the high cost of living. 
  
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• Sarah can't recall the last time she went to a supermarket. She's one of many online-only grocery shoppers

  03-10-2023 23:00 via abc.net.au
  
  Thousands of Australians opted to do their grocery shopping online during the pandemic, but plenty are yet to return to shopping in store as they try to get the most bang for their buck amid the high cost of living. 
  
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• Why the Reserve Bank won't start cutting interest rates even though they haven't hiked since June

  03-10-2023 20:04 via abc.net.au
  
  The Reserve Bank left interest rates on hold at 4.1 per cent for a fourth month at its meeting on Tuesday. Here's what it means for inflation, and whether rate cuts are on the horizon.
  
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• The Reserve Bank left rates unchanged again. Does it mean rate cuts are on the horizon?

  03-10-2023 20:04 via abc.net.au
  
  The Reserve Bank left interest rates on hold at 4.1 per cent for a fourth month at its meeting on Tuesday. Here's what it means for inflation, and whether rate cuts are on the horizon.
  
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• Interest rates are on hold for another month, but don't expect the Reserve Bank to start cutting them anytime soon

  03-10-2023 20:04 via abc.net.au
  
  The Reserve Bank left interest rates on hold at 4.1 per cent for a fourth month at its meeting on Tuesday. Here's what it means for inflation, and whether rate cuts are on the horizon.
  
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• Teree was paying $89 for flights before the pandemic. Now they cost at least $200

  03-10-2023 20:02 via abc.net.au
  
  Experts say capacity on regional and international flights have not returned to pre-pandemic levels and are keeping airfares high.
  
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• Flight prices still remain high after COVID, but some tickets are much more expensive than others

  03-10-2023 20:02 via abc.net.au
  
  Experts say capacity on regional and international flights have not returned to pre-pandemic levels and are keeping airfares high.
  
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• At Close of Business Podcast October 3 2023

  03-10-2023 10:20 via businessnews.com.au
  
  Jack McGinn and Tom Zaunmayr discuss a Perth baker's endeavour to source a specific type of wheat to use in his bread.
  
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• Australian share market plunges to six-month low

  03-10-2023 10:18 via businessnews.com.au
  
  The ASX200 has slumped to its lowest in six months and the dollar to its weakest since November, despite interest rates staying on hold.
  
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• Question of tried and true or stitching it together

  03-10-2023 10:16 via businessnews.com.au
  
  Extraordinary entrepreneurial success is hard to codify. If it wasn’t, there would be more of it.
  
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• Rinehart continues Liontown raid

  03-10-2023 10:12 via businessnews.com.au
  
  Hancock Prospecting's latest on-market purchase of Liontown Resources shares could take Gina Rinehart even closer to the top end of the lithium developer's register.
  
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• HIA membership data in cyber leak

  03-10-2023 10:11 via businessnews.com.au
  
  The Housing Industry Association has been caught up in the PwC cyber attack after its membership data was leaked to the dark web.
  
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• Heavy Minerals progresses Mid West project

  03-10-2023 09:43 via businessnews.com.au
  
  Junior miner Heavy Minerals has engaged IHC Mining to undertake a pre-feasibility study for its Port Gregory garnet project in the Mid West.
  
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• Urgent need for clarity: King

  03-10-2023 09:42 via businessnews.com.au
  
  Resources minister Madeleine King has acknowledged there is an urgent need to clarify the community consultation requirements for big projects after the Federal Court overturned approvals for a second project last week.
  
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• Company founded by Kayla Itsines takes rival trainer to court over launch of fitness app

  03-10-2023 09:36 via abc.net.au
  
  A company founded by Adelaide fitness superstar Kayla Itsines has taken a former employee to court, seeking to stop her from launching a rival fitness app.
  
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• 'Time wasting': Transport minister rebuffs request to front airlines inquiry

  03-10-2023 09:28 via abc.net.au
  
  The transport minister says a request for her to front an inquiry examining the decision to reject Qatar Airways from expanding its services in Australia is a political stunt, and a waste of her time.
  
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• Aboriginal businesses secure $254m

  03-10-2023 09:28 via businessnews.com.au
  
  The state government has reported a big increase in the number of contracts awarded to Aboriginal organisations but the value was unchanged from the prior year.
  
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• The search for $50 million lost after Blockchain Global's crypto exchange collapse

  03-10-2023 09:16 via abc.net.au
  
  Blockchain Global promoted itself as the nation's biggest cryptocurrency exchange before its spectacular fall from grace. Now, a group of former customers are pursuing the company after losing access to their funds — with three of the company's key players being reported to ASIC by the liquidator.
  
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• Goh flags changes to $400m EQ tower

  03-10-2023 09:10 via businessnews.com.au
  
  Malaysian developer Victor Goh has proposed to increase the number of hotel rooms at a $400 million Elizabeth Quay tower currently under construction.
  
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• VGW revenue closes on $5bn, margins tighten

  03-10-2023 08:59 via businessnews.com.au
  
  Perth-based gaming company VGW Holdings reported strong revenue gains to almost $4.84 billion in the past financial year on the back of a significant marketing spend which, combined with other rising costs, has eroded its profitability to $377.6 million.
  
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• Fenix eyes growth with Sinosteel transaction

  03-10-2023 08:43 via businessnews.com.au
  
  John Welborn-chaired Fenix Resources has struck a deal with an offshoot of the world’s largest steel producer to mine and export up to 10 million tonnes of iron ore from the Mid West.
  
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• Australian dollar 'at risk' of falling into the 50s against the greenback

  03-10-2023 08:24 via abc.net.au
  
  Economists warn a significant fall in the Australian dollar will put further upwards pressure on inflation.
  
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• DevelopmentWA ex-CEO payout revealed

  03-10-2023 07:18 via businessnews.com.au
  
  Frank Marra has pocketed more than $1.5 million from the state government land developer.
  
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• MinRes, McGrathNicol forge ahead with Bald Hill deal

  03-10-2023 06:29 via businessnews.com.au
  
  Liquidators for Alita Resources are working against the clock to push ahead with the sale of the company’s Bald Hill mine to Mineral Resources, as details of the bid remain tightly under wraps.
  
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• APM shuffles executive team

  03-10-2023 06:01 via businessnews.com.au
  
  Global services provider APM Human Services has made changes to its leadership team and recruited long-term Goldman Sachs executive Ian Taylor.
  
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• APM changes executive team

  03-10-2023 06:01 via businessnews.com.au
  
  Global services provider APM Human Services has shuffled its leadership team and recruited long-term Goldman Sachs executive Ian Taylor.
  
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• Running With Thieves: Restructuring bid lodged

  03-10-2023 05:45 via businessnews.com.au
  
  The administrators for troubled brewery Running With Thieves have insisted its “business as usual” ahead of assessing a restructuring proposal for the South Fremantle business.
  
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• Running With Thieves, DOCA lodged

  03-10-2023 05:45 via businessnews.com.au
  
  The administrators for troubled brewery Running With Thieves have insisted its “business as usual” ahead of assessing a restructuring proposal for the South Fremantle business.
  
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• Cadmium at 50,000 times the legal level found next to farm near disused gold mine, inquiry told

  03-10-2023 05:34 via abc.net.au
  
  Water running through the Grenfell-district property was also found to have a pH the same as "stomach acid", according to evidence heard by a NSW inquiry into heavy metal impacts.
  
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• RBA leaves rates on hold at 4.1 per cent for fourth-straight month after Michele Bullock's first meeting as governor

  03-10-2023 05:31 via abc.net.au
  
  The Reserve Bank has left the cash rate unchanged at 4.1 per cent for the fourth month in a row at Michele Bullock's first meeting as governor, but warns another rate hike may be needed as uncertainty grows around oil prices.
  
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• RBA keeps rates steady at 4.1 per cent but warns future increases may be likely to tame inflation

  03-10-2023 05:31 via abc.net.au
  
  The Reserve Bank has left the cash rate unchanged at 4.1 per cent for the fourth month in a row at Michele Bullock's first meeting as governor, but warns another rate hike may be needed as uncertainty grows around oil prices.
  
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• RBA enters new era with rate pause

  03-10-2023 05:31 via businessnews.com.au
  
  The Reserve Bank of Australia has held the cash rate at 4.1 per cent for a fourth consecutive month, in a widely expected move which marks its first under new leadership.
  
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• Jalal came to Australia for 'a safer life' but his rising mortgage costs have him working two jobs just to pay the interest

  03-10-2023 05:31 via abc.net.au
  
  The Reserve Bank has left the cash rate unchanged at 4.1 per cent for the fourth month in a row at Michele Bullock's first meeting as governor, but warns another rate hike may be needed as uncertainty grows around oil prices.
  
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• Jalal Ahmed 'Don't know what to do': Home owners struggling to pay mortgage repayments as RBA leaves rates on hold again

  03-10-2023 05:31 via abc.net.au
  
  The Reserve Bank has left the cash rate unchanged at 4.1 per cent for the fourth month in a row at Michele Bullock's first meeting as governor, but warns another rate hike may be needed as uncertainty grows around oil prices.
  
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• 'Don't know what to do': Home owners struggling to meet mortgage repayments as RBA leaves rates on hold again

  03-10-2023 05:31 via abc.net.au
  
  The Reserve Bank has left the cash rate unchanged at 4.1 per cent for the fourth month in a row at Michele Bullock's first meeting as governor, but warns another rate hike may be needed as uncertainty grows around oil prices.
  
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• Tender out to transform Cable Beach precinct

  03-10-2023 05:21 via businessnews.com.au
  
  The $36.5 million redevelopment of the world-famous Cable Beach has begun with a tender now out to transform the southern precinct
  
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• Wine library to open in Wesley Quarter

  03-10-2023 04:57 via businessnews.com.au
  
  A change in the wine market has led to a new hospitality venture between Perth’s sole master of wine and an events veteran, focusing on the CBD office traffic.
  
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• Man accused of abusing Stan Grant online has three charges dropped, offers to apologise

  03-10-2023 03:38 via abc.net.au
  
  Michael Steven Davis, 41, allegedly used his Facebook and Twitter profiles to threaten "serious harm" in May this year.
  
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• New calculator tool estimates 40,000 new social and affordable housing will have $4.4 billion benefit

  03-10-2023 03:05 via abc.net.au
  
  Researchers at Swinburne University of Technology have developed a tool to calculate the social, economic and environmental benefits of social and affordable housing.
  
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• $4.4 billion benefit from new social and affordable housing, according to estimates from new calculator tool

  03-10-2023 03:05 via abc.net.au
  
  Researchers at Swinburne University of Technology have developed a tool to calculate the social, economic and environmental benefits of social and affordable housing.
  
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• Tech giants front probe into digital platform influence

  03-10-2023 02:40 via businessnews.com.au
  
  Google, Apple and Amazon will give evidence at a Senate inquiry into the influence of international digital platforms on Australia's democracy.
  
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• The baker and the barber wheat

  03-10-2023 02:00 via businessnews.com.au
  
  Direct relationships between farmers and retailers are on the rise. For one Perth baker, a global search for good wheat led to the gates of a homegrown agriculture legend.
  
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