Analyst news

• Live: ASX to rise, US Fed signals upcoming rate cut

  31-07-2024 23:48 via abc.net.au
  
  A rally on Wall Street is likely to send Australian stocks higher, while the Federal Reserve has left US interest rates unchanged but indicated it could begin easing monetary policy in September if inflation cools. Follow the latest updates in our live blog.
  
  Read more

• Live: ASX rises, US Fed signals upcoming rate cut

  31-07-2024 23:48 via abc.net.au
  
  A tech rally on Wall Street has sent Australian stocks higher, while the Federal Reserve has left US interest rates unchanged but indicated it could begin easing monetary policy in September if inflation cools. Follow the latest updates in our live blog.
  
  Read more

• Live: ASX hits record high, US Fed signals upcoming rate cut

  31-07-2024 23:48 via abc.net.au
  
  A tech rally on Wall Street has sent Australian stocks higher, while the Federal Reserve has left US interest rates unchanged but indicated it could begin easing monetary policy in September if inflation cools. Follow the latest updates in our live blog.
  
  Read more

• ASX closes on record high, US Fed signals upcoming rate cut — as it happened

  31-07-2024 23:48 via abc.net.au
  
  Australia's share market closed on a fresh record high after encouraging inflation data on Wednesday reduced the chances of a rate cut next week, while the Federal Reserve left US interest rates unchanged. Look back on the day's market news.
  
  Read more

• Advertisement

• Building firm Nicheliving has been deregistered, but luxury home build of company boss's wife continues apace

  31-07-2024 23:20 via abc.net.au
  
  As hundreds of West Australians wait for Ronnie Michel-Elhaj's failing building company Nicheliving to finish their homes, his wife's luxury build continues.
  
  Read more

• Lydia's search for shelter led her to Tasmania, but youth homelessness is also on the rise there

  31-07-2024 22:45 via abc.net.au
  
  More than 10 per cent of Tasmanians aged 15 to 19 surveyed say they've been homeless in the previous 12 months, a new study finds. The government says it is spending millions on the issue, but one young woman caught up in the problem says a new approach is needed.
  
  Read more

• In Tasmania, those aged 12 to 24 make up a quarter of all people experiencing homelessness

  31-07-2024 22:45 via abc.net.au
  
  More than 10 per cent of Tasmanians aged 15 to 19 surveyed say they've been homeless in the previous 12 months, a new study finds. The government says it is spending millions on the issue, but one young woman caught up in the problem says a new approach is needed.
  
  Read more

• How a tricky turn on a Queensland highway became known as 'fruit salad corner'

  31-07-2024 22:37 via abc.net.au
  
  A notorious bend in this Queensland highway brought many trucks unstuck — and locals still remember the free fruit and veggies they scooped up after the drivers' misfortune. 
  
  Read more

• Advertisement

• Banana splits and tomato relish, here's how this tiny town made the most of truck spills on 'fruit salad corner'

  31-07-2024 22:37 via abc.net.au
  
  A notorious bend in this Queensland highway brought many trucks unstuck — and locals still remember the free fruit and veggies they scooped up after the drivers' misfortune. 
  
  Read more

• Some renters can't avoid signing up with rent-tech, raising concerns about cost

  31-07-2024 21:43 via abc.net.au
  
  Rent-tech apps like Ailo are marketed as a one-stop shop for rental applications, payments, and property maintenance requests.
  
  Read more

• Renters say they're being 'coerced' onto third-party apps that charge fees, require sensitive data

  31-07-2024 21:43 via abc.net.au
  
  Rent-tech apps like Ailo and snug.com are marketed as a one-stop shop for rental applications, payments, and property maintenance requests.
  
  Read more

• What happened to Rex? How a failed bid to take on major airlines via intercity flights brought the carrier down

  31-07-2024 21:09 via abc.net.au
  
  Rex's risky gamble to compete with major airlines on intercity routes may see it back where it started, albeit with greater financial problems. 
  
  Read more

• Rex chose to gamble during the pandemic. It will take weeks to know how much its lost

  31-07-2024 21:09 via abc.net.au
  
  Rex's risky gamble to compete with major airlines on intercity routes may see it back where it started, albeit with greater financial problems. 
  
  Read more

• The Chinese mainlanders moving into Hong Kong under a Beijing-backed plan

  31-07-2024 21:02 via abc.net.au
  
  The Beijing-controlled government in Hong Kong is luring mainland Chinese to live in the city to shore up the city's faltering economy.
  
  Read more

• What July's house price data tells us about where values are headed

  31-07-2024 20:57 via abc.net.au
  
  Australian house prices rise 0.5 per cent in July, despite Melbourne, Hobart and Darwin recording a fall in values during the past three months, according to new data released by CoreLogic. 
  
  Read more

• House price data shows drop in values in three cities, but national average still going up

  31-07-2024 20:57 via abc.net.au
  
  Australian house prices rise 0.5 per cent in July, despite Melbourne, Hobart and Darwin recording a fall in values during the past three months, according to new data released by CoreLogic. 
  
  Read more

• Journalists from Nine newspapers reach pay agreement with management after five-day strike

  31-07-2024 15:33 via abc.net.au
  
  Journalists at Nine newspapers are set to receive an 11.5 per cent pay rise over three years after accepting a new offer from management following a strike. 
  
  Read more

• 'This isn't the legacy she deserved': Harriet was 'groomed' by scammers, then handed over $1.6 million of her mother's money.

  31-07-2024 12:48 via abc.net.au
  
  After a scammer took $1.6 million of her mother's money, Harriet Spring is calling for banks to do more to support victims like herself.
  
  Read more

• After losing a $1.6 million inheritance, Harriet Spring says banks need to do more to protect customers from fraud

  31-07-2024 12:48 via abc.net.au
  
  After a scammer took $1.6 million of her mother's money, Harriet Spring is calling for banks to do more to support victims like herself.
  
  Read more

• Mindax withdraws from Xiamen MOU

  31-07-2024 10:36 via businessnews.com.au
  
  West Perth-based junior explorer Mindax has withdrawn from its memorandum of understanding with Chinese state-owned Xiamen to develop its Mt Forrest iron project.
  The MOU was signed in early June and had no fixed term or material terms aligned to it.
  
  Read more

• Mercedes Construction in administration

  31-07-2024 10:17 via businessnews.com.au
  
  Mercedes Construction, a commercial builder which claims to be linked to luxury Perth home builder Zorzi Builders, has brought in an administrator.
  
  Read more

• ASX hits record high, dollar sinks

  31-07-2024 09:58 via businessnews.com.au
  
  The ASX200 rose 1.8 per cent in its best single-day performance since late 2022, while the Aussie fell under 65 US cents for the first time in three months.
  
  Read more

• Decmil backs Macmahon takeover

  31-07-2024 09:57 via businessnews.com.au
  
  The majority of Decmil Group shareholders have backed mining services company Macmahon Holdings’s offer to acquire 100 per cent of its shares.
  
  Read more

• At Close of Business podcast July 31 2024

  31-07-2024 09:55 via businessnews.com.au
  
  Nadia Budihardjo and Liv Declerck discuss trends in WA's tourism sector.
  
  Read more

• Rio posts profit, train derailment dents earnings

  31-07-2024 09:40 via businessnews.com.au
  
  Mining heavyweight Rio Tinto has posted a $US5.8 billion half-year profit, but its iron ore earnings took a hit partly due to the automatous train collision in May.
  
  Read more

• Saracen’s $27m centre in progress

  31-07-2024 09:19 via businessnews.com.au
  
  Saracen Properties will tweak its $27 million Ocean Reef Shopping Centre design after receiving the green light from an assessment panel.
  
  Read more

• Ranger program a path to higher STEM

  31-07-2024 08:00 via businessnews.com.au
  
  Indigenous scientists are pushing for Aboriginal students to pursue STEM, focused on pathways to higher education.
  
  Read more

• Leadership not just business as usual

  31-07-2024 08:00 via businessnews.com.au
  
  OPINION: Adapting to the nuances of an academic environment is something many leaders new to the sector struggle with.
  
  Read more

• GTI begins drilling at Lo Herma

  31-07-2024 07:38 via businessnews.com.au
  
  North Perth-based junior GTI Energy announced on Wednesday that its 2024 drilling program has begun at its Lo Herma uranium project, located in the American state of Wyoming.
  
  Read more

• Liontown reaches first production

  31-07-2024 07:10 via businessnews.com.au
  
  Battery metals miner Liontown Resources has transitioned from developer to producer after announcing first spodumene concentrate at Kathleen Valley today.
  
  Read more

• Jobs at risk as historic Billson's Brewery announces voluntary administration

  31-07-2024 07:03 via abc.net.au
  
  The owners of a popular drinks company in North East Victoria have described the "excruciatingly difficult" decision to put their business into voluntary administration.
  
  Read more

• Centuria reports strong industrial leasing

  31-07-2024 06:59 via businessnews.com.au
  
  The property giant has leased 300,000sqm in FY24, including 120,000 in WA, via its industrial fund.
  
  Read more

• Easy ways you're celebrating birthdays and special occasions on a budget

  31-07-2024 06:55 via abc.net.au
  
  An approaching birthday is a wonderful chance to celebrate. But finding a way to do that which doesn't put too much stress on budgets and to-do lists can be a challenge.
  
  Read more

• BHP train in low-speed derailment

  31-07-2024 06:20 via businessnews.com.au
  
  A BHP railcar left the tracks during work at the iron ore miner’s Port Hedland rail yard this morning, with no injuries reported and no materials spilt.
  
  Read more

• Rex continues regional flights, but doctors say health services are 'vulnerable'

  31-07-2024 06:06 via abc.net.au
  
  Rex says regional flights will continue as the company enters voluntary administration, but the situation has left doctors like Bega-based surgeon Matthew Nott feeling nervous.
  
  Read more

• Seven newcomers in BN30 refresh

  31-07-2024 05:35 via businessnews.com.au
  
  Business News has significantly overhauled the BN30 index, a proxy for the WA economy, with seven new additions, prompted by the exit of takeover targets MMA Offshore, APM and Decmil.
  
  Read more

• Peninsula pushes for Lance production

  31-07-2024 05:13 via businessnews.com.au
  
  Uranium exploration company Peninsula Energy remains confident of production resuming at its Lance uranium project at the end of the 2024 calendar year.
  
  Read more

• 350 Rex Airlines employees stood down immediately as administrators warn staff are unlikely to be paid for 'months'

  31-07-2024 04:23 via abc.net.au
  
  Administrators overseeing Rex Airlines have told hundreds of employees they are unlikely to receive their wages or redundancy payouts for "months", and expect the domestic aviation business will cease operating by the end of the day.
  
  Read more

• Gruyere weathers storm, Red 5 checks in

  31-07-2024 04:11 via businessnews.com.au
  
  GOLD WRAP: Rain fallout for Gold Road; enlarged Red 5’s consolidated output above 450,000 ounces; and Westgold prepares for Karora.
  
  Read more

• Australia’s inflation rises again

  31-07-2024 04:05 via businessnews.com.au
  
  The country’s annual inflation rate has increased to 3.8 per cent, up from the 3.6 per cent recorded in the previous quarter, recent Australian Bureau of Statistics data shows.
  
  Read more

• Inflation up but RBA's 'core' target fell, delivering 'good news' on future rate rise

  31-07-2024 03:42 via abc.net.au
  
  Australia's annual rate of inflation lifted to 3.8 per cent in the June quarter, up from 3.6 per cent.
  
  Read more

• Inflation up but drop in RBA's 'core' target is 'good news' on possible rate rise

  31-07-2024 03:42 via abc.net.au
  
  Australia's annual rate of inflation lifted to 3.8 per cent in the June quarter, up from 3.6 per cent.
  
  Read more

• Annual inflation rises to 3.8 per cent, up from 3.6 per cent at start of the year

  31-07-2024 03:42 via abc.net.au
  
  Australia's annual rate of inflation lifted to 3.8 per cent in the June quarter, up from 3.6 per cent.
  
  Read more

• Rex Airlines in administration

  31-07-2024 03:21 via businessnews.com.au
  
  Regional airline Rex and its subsidiaries have plunged into voluntary administration with EY appointed to run through its books.
  
  Read more

• Nicheliving stripped of building rego

  31-07-2024 02:52 via businessnews.com.au
  
  Nicheliving’s building registration renewal has been refused due to financial concerns, as more than 230 incomplete homes pile up across the state.
  
  Read more

• Embattled Perth builder Nicheliving has registration revoked, leaving customers in limbo

  31-07-2024 02:38 via abc.net.au
  
  A troubled Perth building company with more than 230 unfinished homes on its books fails to have its building contractor registration renewed, leaving customers facing further uncertainty.
  
  Read more

• Subsea firms welcome hyperbaric chamber

  31-07-2024 02:00 via businessnews.com.au
  
  Australia’s first deep sea hyperbaric testing chamber has been unveiled in Henderson, promising to slash wait times for subsea industries wanting to pressure-test their gear.
  
  Read more

• Authentic experiences the perfect lure

  31-07-2024 02:00 via businessnews.com.au
  
  Visitor spending is up and direct flights are being added but international tourism to WA has slowed.
  
  Read more

• More than 300 homes with 'shocking' defects in Illawarra lifestyle complex

  31-07-2024 00:42 via abc.net.au
  
  The NSW Building Commission is stepping up its efforts to address building defects in homes in the Illawarra lifestyle marina community of Shell Cove and is urging more owners to come forward.
  
  Read more

• 2024 Paris Olympics: Wednesday wrap

  31-07-2024 00:30 via businessnews.com.au
  
  An outpouring of raw emotion – both happiness and sadness – prevailed across several venues at the 2024 Paris Olympic Games on Wednesday morning.
  
  Read more

Follow @Analyst_News_AU on Twitter!