Analyst news

• November rate hike by RBA still possible despite softer jobs data, ASX down 1.4pc after interest rate fears on Wall Street — as it happened

  18-10-2023 23:22 via abc.net.au
  
  Softer-than-expected employment data hasn't ruled out a possible rate hike by the RBA at next month's meeting, while the ASX followed Wall Street's lead and finished 1.4 per cent lower at the close of trade on Thursday.
  
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• Live: Wall Street falls more than 1 per cent, ASX set to follow

  18-10-2023 23:22 via abc.net.au
  
  All three key US indices fell 1 per cent or more in overnight trade, with Australia's share market poised to follow.
  
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• Live: Wall St falls more than 1 per cent as bond interest rates hit 16-year highs, ASX follows down

  18-10-2023 23:22 via abc.net.au
  
  All three key US indices fell 1 per cent or more in overnight trade, with Australia's share market following, as bond interest rates climbed to fresh 16-year highs. Follow the ABC's live blog for updates.
  
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• Live: 'Softer' employment data raises chances of another rate hike by RBA, Wall St sheds more than 1pc, ASX down

  18-10-2023 23:22 via abc.net.au
  
  Softer-than-expected employment data has cemented next month's RBA rates meeting as "live". Overnight, Wall Street fell more than 1 per cent during trade, while the ASX is trading lower. Follow live.
  
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• Live: November rate hike by RBA still possible despite softer jobs data, ASX follows Wall Street down on interest rate worries

  18-10-2023 23:22 via abc.net.au
  
  Softer-than-expected employment data hasn't ruled out a possible rate hike by the RBA at next month's meeting, while the ASX has followed Wall Street lower over interest rate concerns. Follow live.
  
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• Flood-ravaged dairy cooperative Norco delivers $9.1m profit, ice cream factory set to reopen

  18-10-2023 23:10 via abc.net.au
  
  Despite a catastrophic flood forcing it to shut its ice cream factory in early 2022, Norco delivers a $9.1 million profit for 2022-23 — up $0.2 million.
  
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• The $90 billion question: How does Australia reduce emissions from fertiliser without risking our food supply?

  18-10-2023 21:24 via abc.net.au
  
  Australia's fertiliser industry looks to new technologies and cleaner farming practices to cut its carbon footprint without jeopardising the country's $90 billion agriculture sector.
  
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• How does Australia reduce emissions from fertiliser without risking our food supply?

  18-10-2023 21:24 via abc.net.au
  
  Australia's fertiliser industry looks to new technologies and cleaner farming practices to cut its carbon footprint without risking the country's $90 billion agriculture sector.
  
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• Damon's car showed problems as soon as he left the dealership. Getting it fixed wasn't so fast

  18-10-2023 20:39 via abc.net.au
  
  Damon spent almost $12,000 on a second-hand car he barely drove. Trying to get it sorted was a long and complicated journey, and consumer groups are calling for change.
  
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• Damon spent $12,000 on his first car, but it soon cost him much more

  18-10-2023 20:39 via abc.net.au
  
  Damon spent almost $12,000 on a second-hand car he barely drove. Trying to get it sorted was a long and complicated journey, and consumer groups are calling for change.
  
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• Tasmanian health workers reach new pay deal with hopes it will attract more staff

  18-10-2023 20:30 via abc.net.au
  
  A new pay deal for Tasmania's health workers is struck — but while welcomed by unions, is cautioned as not being "a silver bullet" to the sector's problems.
  
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• Cautious optimism new Tasmanian pay deal will help address hundreds of nursing job vacancies

  18-10-2023 20:30 via abc.net.au
  
  A new pay deal for Tasmania's health workers is struck — but while welcomed by unions, is cautioned as not being "a silver bullet" to the sector's problems.
  
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• Mount Isa residents brace for tough road ahead as closure of Glencore copper mine looms

  18-10-2023 11:44 via abc.net.au
  
  Businesses and residents in the mining epicentre are preparing for a turbulent few years as the effects of the Mount Isa copper mine closure unfold.
  
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• South West electrician fined for explosion risk

  18-10-2023 11:11 via businessnews.com.au
  
  A South West electrician has been ordered to pay $11,000 after the industry watchdog found its “dangerous installation” could have caused a hydrogen explosion.
  
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• Catalano's Seafood placed into voluntary administration

  18-10-2023 11:03 via businessnews.com.au
  
  Administrators from McGrathNicol have been called in to lead a potential sale or restructure of ASX-listed Catalano's Seafood, which has operated in WA since the 1960s.
  
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• Catalano Seafood placed into voluntary administration

  18-10-2023 11:03 via businessnews.com.au
  
  Administrators from McGrathNicol have been called in to lead a potential sale or restructure of ASX-listed Catalano Seafood, which has operated in WA since the 1960s.
  
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• Sara Lee goes into voluntary administration in Australia

  18-10-2023 10:35 via abc.net.au
  
  After 50 years of manufacturing in New South Wales, Sara Lee goes into voluntary administration. 
  
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• Gen Z tech-take has familiar ring

  18-10-2023 10:12 via businessnews.com.au
  
  Parents may not be cool in the eyes of their gen Z kids, but their old-school tech is.
  IT’S all systems go in the tech world, with Meta to launch Sam Kerr-powered AI chatbots and Apple’s mixed-reality headsets – designed to ‘make meetings more meaningful’ – about to drop.
  
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• At Close of Business Podcast October 18 2023

  18-10-2023 10:09 via businessnews.com.au
  
  Claire Tyrrell and Nadia Budihardjo discuss recent trends in residential building, with the sector upbeat after a testing period.
  
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• BHP iron ore on track after production slip

  18-10-2023 10:05 via businessnews.com.au
  
  BHP has disclosed it will be paid up to $6.4 billion for its coal assets in Queensland, naming Whitehaven Coal as the preferred buyer shortly after posting quarterly production figures to market.
  
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• Australian stocks rise as China's economy rebounds

  18-10-2023 10:04 via businessnews.com.au
  
  The local share market has climbed for a second straight day, rising 0.3 per cent as China announced its economy grew faster than expected in the third quarter.
  
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• 'Simply not good enough': SA government impacted by cyber security breach

  18-10-2023 09:12 via abc.net.au
  
  The South Australian government confirms data belonging to a significant number of people has potentially been accessed through a cyber security breach.
  
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• Monadelphous secures extra Inpex work

  18-10-2023 09:11 via businessnews.com.au
  
  Monadelphous will pocket an additional $75 million per annum for work on Inpex's Ichthys LNG operations, adding to its long-term agreement with oil and gas player.
  
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• Mirvac buys Serentas in $1b deal

  18-10-2023 09:10 via businessnews.com.au
  
  The property giant has partnered with Pacific Equity Partners to buy the land lease provider, which has 10 lifestyles villages across WA.
  
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• Mirvac buys Serenitas in $1bn deal

  18-10-2023 09:10 via businessnews.com.au
  
  Property giant Mirvac has partnered with Pacific Equity Partners to buy land lease provider Serenitas, which has 10 lifestyle villages across WA.
  
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• Govt unmoved as clinicians slam hospital plan

  18-10-2023 08:56 via businessnews.com.au
  
  The WA government is standing by its controversial decision to relocate the $1.8bn maternity hospital to Murdoch despite strong condemnation by WA’s most experienced clinicians.
  
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• Parkd to build Audi's luxury retail centre

  18-10-2023 08:55 via businessnews.com.au
  
  Parking infrastructure builder Parkd has signed a contract with Audi Centre Perth to construct a new luxury automotive retail facility in Myaree.
  
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• Hancock lawyers pounce on Wright’s claims

  18-10-2023 08:40 via businessnews.com.au
  
  Nothing supports Wright Prospecting’s interpretation of mining agreements struck by mining pioneers in the 1980s, Hancock Prospecting claims in court.
  
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• BHP announces sale of Blackwater and Daunia mines in US $4.1 billion deal

  18-10-2023 07:59 via abc.net.au
  
  BHP has made another move away from coal mining, selling its Blackwater and Daunia mines. The new owner, an Australian company, will takeover operations from June next year. 
  
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• Fast-track for compressed-air power facility set to inject 'hundreds of millions' into outback city

  18-10-2023 06:57 via abc.net.au
  
  A new agreement has fast-tracked the construction of a project that could inject hundreds of millions of dollars into Broken Hill's economy and create 780 full-time jobs.
  
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• Compressed air storage facility a step closer for outback city

  18-10-2023 06:57 via abc.net.au
  
  An agreement between companies has fast-tracked the construction of a project that could inject hundreds of millions of dollars into Broken Hill's economy and create 780 full-time jobs.
  
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• Your car's fuel economy is probably worse than advertised. Real-world tests are about to find out how much worse

  18-10-2023 06:48 via abc.net.au
  
  A new fuel economy test that takes cars out of the laboratory and puts them on Australian roads is about to uncover how much worse 200 cars, utes and electric vehicles perform in real conditions, and how much more it is really costing Australians.
  
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• Scarborough timeline 'not impacted' by court decision

  18-10-2023 06:38 via businessnews.com.au
  
  Woodside Energy boss Meg O’Neill says the federal court’s decision to overturn seismic testing approvals at Scarborough will not impact first production from the protested development.
  
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• MMA wins $30m defence contract

  18-10-2023 06:35 via businessnews.com.au
  
  MMA Offshore has secured $30 million worth of work to provide familiarisation services for the Royal Australian Navy on robotic, remote and autonomous marine systems.
  
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• Home renos to bypass council under new reforms

  18-10-2023 06:34 via businessnews.com.au
  
  Single homes will be able to be built and modified without the approval of councils under fresh measures introduced as part of the state government’s major planning shake-up.
  
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• Skeletons of three-tonne ancient, wombat-like marsupial excavated in outback WA

  18-10-2023 06:09 via abc.net.au
  
  Researchers from the WA Museum Boola Bardip are hoping to recover between four and five skeletons of the Diprotodon from a remote mine site in the Pilbara.
  
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• Vic court ruling could scupper WA EV road tax

  18-10-2023 05:35 via businessnews.com.au
  
  A proposed electric vehicle road user charge in WA is likely to be powered down after the High Court of Australia found a Victorian equivalent of the tax to be unconstitutional.
  
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• Residential sector builds on upside

  18-10-2023 04:52 via businessnews.com.au
  
  The homebuilding sector has a strong outlook, but there are still challenges to overcome.
  
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• Chevron workers endorse agreements, strike averted

  18-10-2023 02:44 via businessnews.com.au
  
  Chevron workers in Western Australia have endorsed a series of draft enterprise agreements rather than go ahead with a planned strike at gas plants.
  
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• About 14,000 litres of 'premium grade' milk down the drain as dairy industry workers strike

  18-10-2023 01:33 via abc.net.au
  
  Tanker drivers and dairy factory workers have a walked off the job this week in separate strike actions, calling for better pay and conditions after companies "made record profits" during the pandemic.
  
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• Hydrogen-powered garbage truck makes quiet, 'historic' debut in NSW

  18-10-2023 01:09 via abc.net.au
  
  Councils in the Illawarra say a hydrogen garbage vehicle making its maiden collection round today will provide a dual benefit for residents.
  
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• 'Shock, after shock, after shock' leaves RBA boss worried about persistent high inflation

  18-10-2023 01:07 via abc.net.au
  
  The Reserve Bank's new governor Michele Bullock worries that continuing global supply shocks may entrench inflation expectations and bigger price rises, forcing interest rates higher for longer.
  
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• Victorian electric car owners win High Court challenge against controversial tax

  18-10-2023 01:06 via abc.net.au
  
  The High Court found Victoria's tax is an excise and therefore cannot be imposed by the state.
  
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• Victorian electric car owners 'thrilled' to win High Court challenge against controversial tax

  18-10-2023 01:06 via abc.net.au
  
  The High Court found Victoria's tax is an excise and therefore cannot be imposed by the state.
  
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