ASX tumbles amid China lockdown fears
The Australian sharemarket slumped again as worries over tightening Chinese Covid restrictions added to an already bleak mood for equities.
The Australian sharemarket slumped again as worries over tightening Chinese Covid restrictions added to an already bleak mood for equities.
Residents in one of Australia’s biggest cities are being told how they can slash their power bills by at least $4700 a year.
Volumes were subdued as ASX investors waited for Wednesday night’s meeting of the US Fed and an expected 50 basis-point rate hike.
The Reserve Bank has announced a historic interest rate hike and set the scene for further rate rises over the coming months.
THE Federal Budget will see the start of major cuts to the defence bureaucracy as the first steps are taken towards a Japanese model.
OPINION: Like a good comic book, Federal Budgets are a struggle between good and evil with superheroes and villains. So who will Joe Hockey be?
THEY’VE said we must do the “heavy lifting” — to save our budget. Now Joe Hockey and Mathias Cormann have been caught sitting back smoking cigars.
OPINION: The Abbott government’s moment of budget truth has arrived and they are not after your love, so hold on to your hip pockets.
TONY Abbott made plenty of promises before the election — including no new taxes and no change to pensions — but he is already breaking them.
EXPECTATIONS are growing for a post-Budget ministerial reshuffle with Tony Abbott considering a new niche for his favourite non-wimp Scott Morrison.
TREASURER Joe Hockey is preparing to target a number of departments as part of drastic budget cuts to the public service.
MOTORISTS will likely be slugged an extra $1 billion a year at the petrol pump on top of a deficit tax and a GP co-payment under the Liberal’s tough love Budget.
MILLIONS of motorists could soon be paying more for petrol if the federal government decides to increase the fuel excise in next week’s budget.
AUSTRALIANS are almost certain to pay a fee for the doctor, as the Prime Minister said “free services to patients are certainly not free to taxpayers.”
Original URL: https://www.adelaidenow.com.au/business/economy/federal-budget/page/141