‘Won’t hesitate’: RBA boss warns on rate hike
In her first prepared address as RBA governor, Michele Bullock has revealed the extreme pressure faced by some Aussie homeowners, but warns it won’t stop the board raising rates if necessary.
Breaking News
ASX up as miners, energy producers rise
Losses in health and consumer stocks were offset by gains from miners and energy producers to send the benchmark higher on Tuesday.
One item Aussies are cutting back on
Aussies are cutting back on holiday plans, eating out and coffees as the cost of living crunch continues.
Rate rise fears grow as key figure revealed
The latest unemployment figures paint a picture of what the Reserve Bank might do with interest rates next week.
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Crown chief lashed for belated realisation
Crown’s chief executive has been lashed at the inquiry into money laundering, with counsel assisting saying he had to be ‘led by the nose’ to see it was occurring.
Major building empire collapses
The company behind some of Australia’s most iconic buildings has collapsed, furiously blaming the scuppering of its plans for a major precinct.
‘Tsunami’ of businesses could get payout
A court ruling that insurers will have to pay out COVID-19-related business interruption policies could lead to a tsunami of claims.
Huge penalty for rent-for-life scam
A ‘gatekeeper’ who played a big role in a rent-for-life scam which ripped people off and left some homeless has been slapped with a huge penalty.
Jobs data boosts ASX
The ASX clawed higher despite a negative US lead, with far better than expected jobs data keeping the market on track for its best month in 32 years.
Crown resists new Packer proposal
Crown Resorts is resisting a big call against James Packer, saying it isn’t necessary now the relationship between the two is ‘stock standard’.
25,000 more Aussies looking for work
The Australian Bureau of Statistics has revealed the latest unemployment figures that coincide with the easing of support measures.
ANZ cut a ‘hard pill to swallow’
ANZ savers have been dealt a major blow, with the big-four bank slashing savings rates in a move described as a ‘hard pill to swallow’.
Barangaroo casino opening delayed
The opening of Crown Resorts’ new Sydney casino has been delayed after a huge admission at the inquiry into whether it is fit to run the development.
Woolworths limits stock in SA
Major supermarket chain Woolworths has reinstated purchase limits as shoppers panic buy following SA’s lockdown announcement.
Original URL: https://www.dailytelegraph.com.au/business/breaking-news/page/200