ASX climbs despite grim rates warning
Despite a fresh warning the RBA is still prepared to hike interest rates, markets were buoyed from a rally by iron ore miners.
Breaking News
Sorry stat that’s not helping rate rises
As the Reserve Bank mulls a 14th rate hike, freshly minted governor Michele Bullock has warned current levels of wages growth are unsustainable.
More rate rises flagged by RBA
The risk of more rate hikes in the months ahead would have increased had the RBA opted against increasing rates on November 7, fresh meeting minutes have revealed.
Aussie shares soar on back of oil stocks
Fears of a fresh round of supply cuts by OPEC+ countries pushed energy stocks into the green on Monday.
More Stories
First look inside new Bunnings mega store
A brand new mega-sized Bunnings opens on Friday boasting national-first features and displays that give Ikea a run for its money.
China slaps Aussies with more punishment
China has escalated trade tensions with Australia yet again by slapping more tariffs on an industry it has already hit hard: Wine.
ASX dip ‘bound to happen’
The ASX fell for the first time in eight days, with analysts saying that was bound to happen after a strong winning streak.
Crippling downturn for CBD businesses
While the retail industry is slowly getting back on its feet, new economic data has revealed the sector hurting more than most from the pandemic.
Bank questioned on buying back mortgages
A major bank has reportedly been buying back mortgages during the COVID-19 pandemic, sparking concern it has breached banking standards.
Fallout for destroying ancient caves
Rio Tinto’s belated admissions and half-hearted apologies over the detonation of 46,000-year-old shelters have been condemned by a new report.
Health insurers put on notice
Health insurers have paid out a lot less in benefits due to COVID-19 restrictions, prompting the consumer watchdog to put them on notice.
ASX on seven-day winning streak
The ASX winning streak has continued for a seventh straight day, with health stocks and Commonwealth Bank among the winners.
Call to wind down JobKeeper early
One of Australia’s leading credit bureaus says the federal government should begin tapering support measures such as JobKeeper.
Consumer sentiment at 10-year high
Aussies are upbeat about the future of the economy, with consumer sentiment improving markedly as the nation opens back up.
Original URL: https://www.heraldsun.com.au/business/breaking-news/page/194