Analyst news

• Live: Balance of payments and US PMI data shift markets

  02-09-2024 23:40 via abc.net.au
  
  Australia's balance of payments data is due after US markets enjoyed a public holiday. Follow the latest on our live markets blog.
  
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• ASX ends slightly lower, as economists downgrade forecasts for hotly anticipated GDP figures — as it happened

  02-09-2024 23:40 via abc.net.au
  
  Australia's balance of payments data is out, prompting some economists to downgrade forecasts for June GDP to as low as 0.1%. See how the day unfolded on our markets blog.
  
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• Rural family forced to use UHF radios to communicate as mobile drops out

  02-09-2024 23:34 via abc.net.au
  
  Brodie Harvey's newborn son had to be taken to hospital but he had no mobile reception to call for help.
  
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• Not everyone's happy with these local governments taking a stand against pokies

  02-09-2024 22:44 via abc.net.au
  
  Some councils say blanket bans on pokies in a handful of council areas in Victoria are saving their communities money and hardship, but one publican is asking why it's their decision.
  
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• Gold nuggets are often found in quartz — scientists think they now know why

  02-09-2024 21:00 via abc.net.au
  
  An earth-shaking experiment links the same principles found in your barbecue lighter to the creation of gold nuggets.
  
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• These two Australian miners have been riding the lithium rollercoaster — one is hopping off while the other doubles down

  02-09-2024 20:42 via abc.net.au
  
  Slowing EV sales and a flood of new supply have seen the price of lithium fall off a cliff, but Australian miners are confident in a lithium-fuelled future.
  
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• Australian miners in damage control as the mineral once hailed to spark the next boom is in market freefall

  02-09-2024 20:42 via abc.net.au
  
  Slowing EV sales and a flood of new supply have seen the price of lithium fall off a cliff, but Australian miners are confident in a lithium-fuelled future.
  
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• 'The first cut is the deepest': NZ's central bank has cut rates and economists are singing a different tune

  02-09-2024 20:39 via abc.net.au
  
  As Australian mortgage holders wait for relief, the Reserve Bank of New Zealand cuts rates and green shoots emerge in the housing market.
  
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• In NZ, interest rates have finally been cut. Now, the housing market is responding

  02-09-2024 20:39 via abc.net.au
  
  As Australian mortgage holders wait for relief, the Reserve Bank of New Zealand cuts rates and green shoots emerge in the housing market.
  
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• PM offers to water down planned environmental watchdog to secure Coalition support

  02-09-2024 10:48 via abc.net.au
  
  The federal government has signalled it is willing to make its proposed environmental protection agency more business-friendly, in a major concession designed to win Coalition support that environment groups have branded a "betrayal."
  
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• At Close of Business podcast September 2 2024

  02-09-2024 10:15 via businessnews.com.au
  
  Isabel Vieira and Mark Beyer discuss the growth of chemotherapy services at home.
  Plus all the latest on Geographe Bay wind zone declared; Chevron tips $68m into Onslow desalination; and Regent kicks BGC out WA's top 10.
  
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• Entry-level roles for nuclear subs

  02-09-2024 10:10 via businessnews.com.au
  
  Prime Minister Anthony Albanese has unveiled an entry-level recruitment program for work on nuclear-powered submarines in a bid to meet the mammoth skilled workforce required.
  
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• Aussie shares rebound, rise to just under all-time high

  02-09-2024 10:04 via businessnews.com.au
  
  After being down as much as 0.8 per cent in early trading, the ASX200 moved into positive territory in afternoon trading to finish up 0.2 per cent.
  
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• Wide Open Agriculture posts $12.9m total loss

  02-09-2024 09:30 via businessnews.com.au
  
  Kewdale-based Wide Open Agriculture posted a preliminary total comprehensive loss of $12.9 million for the 2024 financial year, down from $14.6 million during the prior corresponding period.
  
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• Reynolds mishandled Higgins matter, court told

  02-09-2024 09:16 via businessnews.com.au
  
  Brittany Higgins’ lawyer has accused Senator Linda Reynolds of lacking basic human responses when she dealt with the rape allegation, during a trial in the state’s highest court.
  
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• Energy key in Hancock’s magnetite dream

  02-09-2024 09:13 via businessnews.com.au
  
  Hancock Prospecting chief executive of operations Gerhard Veldsman has warned of the dangers of resources policy pitfalls, in the context of the company’s magnetite ambitions.
  
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• Feds boast new housing supply

  02-09-2024 08:55 via businessnews.com.au
  
  Federal Housing Minister Clare O’Neil appeared in Perth today to spruik the government’s $209.2 million housing investment in WA, unveiling 12 Hamilton Hill units recently completed.
  
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• Regents pips BGC for top 10 spot

  02-09-2024 08:45 via businessnews.com.au
  
  Automotive retailer Regent Motors has pushed homebuilder BGC Australia out of the top 10 private companies based in Western Australia after cracking the $1 billion revenue milestone.
  
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• Chalmers slaps down RBA stoush

  02-09-2024 08:01 via businessnews.com.au
  
  Australian Treasurer Jim Chalmers says he has “the utmost respect” for the independence of the Reserve Bank, while again blaming its policy for slow economic growth.
  
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• Plant products meet market reality

  02-09-2024 08:00 via businessnews.com.au
  
  OPINION: Efforts to broaden the appeal of plant-based meat substitutes are faltering over issues such as price, quality and sustainability.
  
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• Cost of buying a Canberra home is stabilising, new data suggests

  02-09-2024 07:42 via abc.net.au
  
  The latest CoreLogic home value data suggests the cost of buying a home in Canberra is stabilising, but there are significant differences between the cost of a house and a unit in the capital.
  
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• Feds set offshore wind zone

  02-09-2024 07:30 via businessnews.com.au
  
  The federal government has declared an offshore wind zone along Geographe Bay, cutting the initial proposed area by about half.
  
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• Nearly one in four West Australians say they don't have $500 for an unexpected bill

  02-09-2024 07:16 via abc.net.au
  
  Respondents said they would have to sell something or turn to credit if they faced a financial emergency, a WA-based survey has found.
  
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• Calls for relief as some West Australians say they don't have $500 for an unexpected bill

  02-09-2024 07:16 via abc.net.au
  
  Nearly four of every 10 respondents said they would have to sell something or turn to credit if they faced a financial emergency, a WA-based survey has found.
  
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• More Karratha houses for Woodside

  02-09-2024 06:54 via businessnews.com.au
  
  Woodside Energy is looking to build 30 new homes in Karratha to house its workers as industrial construction projects ramp up.
  
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• Chevron opens wallet for Onslow desal

  02-09-2024 06:54 via businessnews.com.au
  
  LNG producer Chevron has tipped more than $68 million into a state government desalination plant at Onslow, as part of a state development agreement over its Wheatstone project.
  
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• Former Horizon MD Price departs

  02-09-2024 06:48 via businessnews.com.au
  
  Ashok Parekh-chaired Horizon Minerals has announced the departure of Jon Price from its board.
  
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• 'Beloved and vibrant' Brisbane market queen Jan Power dies

  02-09-2024 06:24 via abc.net.au
  
  Brisbane personality Jan Power is being remembered for her passion for food and art after her death at the age of 85.
  
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• Kenwick freight rail terminal opens

  02-09-2024 06:15 via businessnews.com.au
  
  A $25 million Kenwick intermodal terminal has officially opened and is set to keep hundreds of thousands of trucks off local roads each year, as part of the government's Westport vision.
  
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• Bellevue posts $75.4m NPAT

  02-09-2024 04:48 via businessnews.com.au
  
  Bellevue Gold’s transition from gold developer to producer has resulted in posting a net profit after tax of $75.4 million for the 2024 financial year.
  
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• Trucking companies consider danger allowance after deadly explosion on Bruce Highway

  02-09-2024 03:13 via abc.net.au
  
  The Bruce Highway will partially reopen by midnight on Tuesday after a lengthy closure following a crash between a ute and a truck carrying 42 tonnes of ammonium nitrate.
  
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• This outback town has been a FIFO mining hub for years, but only now will it get a permanent airport

  02-09-2024 03:10 via abc.net.au
  
  Laverton in WA's northern Goldfields is home to 907 people. More than 30 times that number used the mining town's airport last financial year. 
  
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• FIFO demand rising as Laverton progresses $5m airport upgrade

  02-09-2024 03:10 via abc.net.au
  
  Laverton in WA's northern Goldfields is home to 907 people. More than 30 times that number used the mining town's airport last financial year. 
  
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• RAAF scours north-west for fuel storage

  02-09-2024 03:08 via businessnews.com.au
  
  The Australian air force is casting its eye across the north-west for additional sites to store fuel as part of plans to expand military presence in the region
  
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• Wall Street gains after upbeat US economic data

  02-09-2024 02:08 via businessnews.com.au
  
  US stocks have closed higher as investors digested data from a key inflation report.
  
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• Growth potential for chemo@home

  02-09-2024 02:00 via businessnews.com.au
  
  After a four-fold expansion during COVID, the Perth business expects increasing support for home care in the health sector.
  
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• Brisbane scraps Beam e-scooter contract as company accused of misleading councils

  02-09-2024 01:56 via abc.net.au
  
  Brisbane council will refer the Singapore firm to Australia's corporate watchdog and potentially police, alleging the company owes $330,000 in unpaid fees and exceeded safety caps by nearly a third in the 12 months to July. 
  
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• Expecting bad economic news, Chalmers blames interest rate rises for 'smashing' economy

  02-09-2024 01:44 via abc.net.au
  
  Treasurer Jim Chalmers has blamed successive interest rate rises for "smashing the economy", as the government braces for more weak economic figures due this week.
  
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