Analyst news

• Live: Bank of England cuts rates for first time in four years, 'pretty brisk decline' likely on ASX after Wall St sinks

  01-08-2024 23:56 via abc.net.au
  
  The UK's central bank cut interest rates for the first time since 2020 overnight, while Wall Street ended sharply lower after economic data out of the US spooked investors. Follow live. 
  
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• Live: Australian shares plummet as concerns mount over global economic slowdown

  01-08-2024 23:56 via abc.net.au
  
  The Australian share market is trading sharply lower on Friday after global markets fell overnight, with growing concerns that the global economy is slowing at a faster pace than previously thought. Follow live.
  
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• Live: ASX experiences its worst day since March 2023 as fears grow about global economy slowing

  01-08-2024 23:56 via abc.net.au
  
  The Australian share market is trading sharply lower on Friday after global markets fell overnight, with growing concerns that the global economy is slowing at a faster pace than previously thought. Follow live.
  
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• ASX experiences its worst day since March 2023 as fears grow about global economy slowing — as it happened

  01-08-2024 23:56 via abc.net.au
  
  The Australian share market traded sharply lower on Friday after global markets fell overnight, with growing concerns that the global economy is slowing at a faster pace than previously thought. See how the day unfolded on our live blog.
  
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• Hobart's grand plan to reduce car congestion and become a cycling city

  01-08-2024 23:14 via abc.net.au
  
  By introducing bike lanes and hook turns for cyclists, Hobart City Council is making room for an influx of bike travel. But what will it take to convince motorists to change their habits?
  
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• Singer's 'superpower' helps forge emerging music career

  01-08-2024 22:03 via abc.net.au
  
  Adelaide pop singer Lizzie Hosking believes her autism spectrum disorder is her "superpower" and that it's helping making the music industry sit up and take notice.
  
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• After surviving the fall of Kabul, Khorsand can't find a suitable home for his family in Australia

  01-08-2024 21:48 via abc.net.au
  
  When Khorsand Yousofzai fled Afghanistan, he left behind a career in professional soccer. He's starting to rebuild his life, but can't find a home for his family in regional NSW.
  
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• This 58-year-old earns too much money for social housing, but not enough to move out of her car

  01-08-2024 21:34 via abc.net.au
  
  Jaki earns too much to be eligible for social housing, so she's living out of her car instead. Queensland's income threshold is $609 a week. 
  
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• This 58-year-old earns $609 a week but can't afford rent and isn't eligible for social housing

  01-08-2024 21:34 via abc.net.au
  
  Jaki earns too much to be eligible for social housing, so she's living out of her car instead. Queensland's income threshold is $609 a week. 
  
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• A $126,000 trip, bonuses, and a pop concert: Five moments from this week's Queensland parliament estimates hearings

  01-08-2024 21:34 via abc.net.au
  
  Here are five takeaways from the final week of Queensland parliament estimates hearings before voters go to the polls in October. 
  
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• A $126,000 trip, bonuses, and a pop concert: Five moments from this week's Queensland government estimates hearings

  01-08-2024 21:34 via abc.net.au
  
  Here are five takeaways from the final week of Queensland parliament estimates hearings before voters go to the polls in October. 
  
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• Aviation experts say the industry is 'broken', with customers and tourism operators paying the price

  01-08-2024 20:45 via abc.net.au
  
  Industry experts and peak tourism bodies say the collapse of Rex Airlines means the system is broken, with fears many regional centres will miss out on the tourist dollar as a result.
  
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• Aviation experts say the industry is 'broken' and tourism operators are fearing the worst

  01-08-2024 20:45 via abc.net.au
  
  Industry experts and peak tourism bodies say the collapse of Rex Airlines means the system is broken, with fears many regional centres will miss out on the tourist dollar as a result.
  
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• At Close of Business podcast August 1 2024

  01-08-2024 09:40 via businessnews.com.au
  
  Justin Fris and Mark Pownall discuss the WA golf industry.
  Plus all the latest on WA house prices; Strike Energy's Midwest gas plant; and a takeover of Kununurra's cotton gin.
  
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• Aust shares reach another milestone on dovish Fed

  01-08-2024 09:27 via businessnews.com.au
  
  The ASX200 gained 0.3 per cent to close above 8,100 for the first time after Fed chairman Jay Powell talked up a September rate cut in the United States.
  
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• Fortescue makes board addition

  01-08-2024 09:25 via businessnews.com.au
  
  Iron ore major Fortescue has appointed Indigenous leader, lawyer and activist Noel Pearson to its board as a non-executive director.
  
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• Olympic golf coach opens up

  01-08-2024 09:22 via businessnews.com.au
  
  Olympic coach Ritchie Smith says the tough talk that drives elite golfers’ performance starts with being open about vulnerabilities.
  
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• Cathay offers more connections

  01-08-2024 09:17 via businessnews.com.au
  
  An additional night service and four new daily flights to Hong Kong add to Cathay Pacific’s strong relationship with Perth.
  
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• Fortescue seeks green info suppression

  01-08-2024 09:08 via businessnews.com.au
  
  Fortescue has applied to suppress its green technology information for five years as part of the legal dispute with Element Zero, a company founded by its former staff.
  
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• Billson's administrators 'optimistic' buyer can be found for historic brewery

  01-08-2024 08:40 via abc.net.au
  
  Thirty redundancies were announced at the Victorian brewery on Wednesday with 50 staff remaining employed to continue trading while the administrators restructure the company.
  
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• Brightstar deals merge Sandstone district

  01-08-2024 08:25 via businessnews.com.au
  
  Gold aspirant Brightstar Resources has entered a scheme implementation deed with West Perth-based Alto Metals.
  As part of the transaction, Brightstar will acquire 100 per cent of Alto, with Alto shareholders set to receive four Brightstar shares per Alto share owned.
  
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• Voyager crushes it with strategy shift

  01-08-2024 08:00 via businessnews.com.au
  
  REVIEW: A few subtle changes to the process are likely to elicit plenty of excitement about Voyager Estate’s latest and upcoming offerings.
  
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• ‘Contempt’ shown by sheep export panel

  01-08-2024 07:56 via businessnews.com.au
  
  A prominent Wheatbelt sheep farmer says she only found out a consultation panel was coming to her house because a friend messaged asking if she should bring morning tea.
  
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• Baxter Healthcare expands production

  01-08-2024 07:23 via businessnews.com.au
  
  A new Baxter Healthcare facility will soon start production in Canning Vale, with the state government chipping in $4 million towards the build.
  
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• 300 jobs to be lost as US lithium giant makes further cuts at WA plant

  01-08-2024 06:46 via abc.net.au
  
  Hundreds of workers are expected to lose their jobs at Albemarle's Kemerton lithium plant as the miner responds to further volatility in the global market.
  
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• Pilbara purchases tenements for $20m

  01-08-2024 05:16 via businessnews.com.au
  
  Kairos Minerals shares rose by 29 per cent to 1.1 cents on Thursday morning, following news it had entered into a binding agreement to sell six Mt York project prospecting licences.
  
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• Thailand's controversial $21 billion digital cash scheme begins but does it really help its people?

  01-08-2024 05:09 via abc.net.au
  
  About 50 million Thais are set to get a "digital wallet" containing 10,000 baht ($420) as part of a $21 billion cash handout scheme that has been criticised as costly, unsustainable and detrimental to Thailand's already struggling economy.
  
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• Thai citizens invited to sign up for controversial $21 billion cash handout plan

  01-08-2024 05:09 via abc.net.au
  
  About 50 million Thais are set to get a "digital wallet" containing 10,000 baht ($420) as part of a $21 billion cash handout scheme that has been criticised as costly, unsustainable and detrimental to Thailand's already struggling economy.
  
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• Return of beloved local iceblock soured by fact it's now made overseas

  01-08-2024 03:50 via abc.net.au
  
  A fruit iceblock once made in the Victorian town of Mildura from local oranges is back on shelves, but the manufacturer's decision to make the product in Argentina has left devotees of the sweet treat feeling "let down".
  
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• Fair Work set to apply for CFMEU administrators as crossbenchers tell federal government to go further

  01-08-2024 03:47 via abc.net.au
  
  The application could reach the Federal Court as early as this afternoon.
  
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• Crossbenchers want federal money withheld until states tackle construction 'corruption'

  01-08-2024 03:47 via abc.net.au
  
  The crossbenchers say criminality in the industry is worsening housing affordability and eroding productivity.
  
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• Another twist in Namoi Cotton bidding war

  01-08-2024 03:35 via businessnews.com.au
  
  Dutch ag giant Louis Dreyfus Company will have to terminate its interest in an NT cotton gin and offload shares in a cotton services firm to acquire Kununurra gin funder Namoi Cotton.
  
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• Strike puts price on power play

  01-08-2024 03:11 via businessnews.com.au
  
  Strike Energy locked in a $48.5 million contract for its 85-megawatt South Erregulla peaking gas power plant in the state’s Midwest, as it awaits regulatory go-ahead on the plan.
  
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• X factor indoors as clubs drive growth

  01-08-2024 03:10 via businessnews.com.au
  
  The golf industry is considering a range of non-traditional strategies to help ensure the game’s future.
  
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• UK band The 1975 sued for $3.76 million over 'gay kiss' that got festival cancelled

  01-08-2024 03:00 via abc.net.au
  
  Authorities in Kuala Lumpur halted the three-day Good Vibes Festival in 2023 after videos showed The 1975's frontman Matty Healy kissing his band mate.
  
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• Curtin, CyberCX launch sovereign cloud

  01-08-2024 03:00 via businessnews.com.au
  
  Curtin University has launched a unique Australian sovereign cloud service, in partnership with CyberCX, to provide a secure platform to host research.
  
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• An onstage kiss could end up costing this British band $3.76 million

  01-08-2024 03:00 via abc.net.au
  
  Authorities in Kuala Lumpur halted the three-day Good Vibes Festival in 2023 after videos showed The 1975's frontman Matty Healy kissing his band mate.
  
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• Hastings expands rare earths search

  01-08-2024 02:20 via businessnews.com.au
  
  Hasting Technology Metals has spruiked the potential of another critical mineral from its under-construction Yangibana rare earths project.
  
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• Albemarle halts lithium expansion

  01-08-2024 02:05 via businessnews.com.au
  
  US-based Albemarle will cease and scale back parts of its Kemerton lithium hydroxide operation, in response to ongoing industry headwinds.
  
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• Perth outpaces national home value rise

  01-08-2024 02:00 via businessnews.com.au
  
  The city has continued to rise at a faster rate than any other capital, with a 2 per cent increase in CoreLogic’s index to a $773,335 median.
  
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• McDonald's sales fall as inflation-weary customers turn away from fast food

  01-08-2024 01:35 via abc.net.au
  
  Global giant McDonald's has recorded its first drop in sales in nearly four years, as customers cut back on spending amid a cost-of-living crunch.
  
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• 2024 Paris Olympics: Thursday wrap

  01-08-2024 00:37 via businessnews.com.au
  
  Australia’s bid to reach the women’s soccer quarter finals at the 2024 Paris Olympic Games is over, following Canada’s gritty 1-0 win over Colombia in Nice on Thursday morning.
  
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• Perth’s office vacancy up

  01-08-2024 00:00 via businessnews.com.au
  
  The city was one of three capitals to record an increase in office vacancy, with a 0.8 per cent rise in the last six months.
  
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