Millions to save banks in key security region
Treasure Jim Chalmers has called on major Aussie banks to continue servicing Australia’s closest international neighbours, pledging $6.3m to help.
World Economy
Aussie stocks fall on iron ore, oil retreat
The sharemarket has started the week on a low note after a retreat in iron ore and oil prices over the weekend.
Fears Pacific countries could lose banks
Heads of state and senior banking executives will convene in Brisbane for a two-day forum to address concerns banks could pull out of Australia’s Pacific neighbours.
The big reasons Aussies hate their jobs
The big reasons Australian workers grow to hate their jobs and look for alternatives have been uncovered in a massive survey.
Aussie shares dip in wait for US open
The Australian share market drifted lower in quiet trading on Friday as investors stepped cautiously before Wall St’s big Friday.
1400 jobs in limbo as mine fire burns
A fire at a major coalmine has caused hundreds of workers to be sent home and their futures are uncertain.
Australia in $7.5 billion a month free fall
Things were going well with a key trading partner until a few years ago, now things have taken a turn for the worse, and it’s taking a brutal toll.
Aussie shares sink on inflation shock, hike fears
The Australian sharemarket tumbled on Wednesday after a shock inflation print sparked fears of a possible rate hike.
‘Disastrous’: Fears for Trump presidency
Alarm bells have been sounded that if Trump wins the presidency it could see the global economy blow up and spell bad things for US democracy.
Aussie shares leap higher in rebound rally
The Australian sharemarket notched a powerful rebound rally on Tuesday on the back of iron ore and oil price rises and a surge in banking behemoth Commonwealth Bank.
ASX slumps on iron ore, energy woes
The Australian sharemarket fell sharply in a ‘punchy session’ to start the week, dragged down by a selloff in the energy and materials sectors.
ASX gains to close out positive week
Australian equities rose modestly on Friday to cap off a positive week buoyed by Wall St gains.
ASX dips in quiet trading after hawkish RBA
Hawkish remarks from the Reserve Bank haven’t rattled investors, with Wednesday recording a quiet day of trading following Tuesday’s strong advance.
‘Biggest threat’: State’s major Trump warning
The re-ascension of Donald Trump to the US Presidency could have serious knock-on effects for one Australian state’s economy, its treasurer has warned.
ASX drifts lower on China woes
Wall St hit fresh highs overnight but it wasn’t enough to lift Aussie equities, with the ASX200 drifting lower on extended weakness in China.
Nation burns as President stokes chaos
A far-right leader’s attempts to overhaul a major nation’s economy has resulted in chaos on the streets.
ASX extends losses as US rate decision looms
Ahead of the US Fed’s meeting on rates, the Australian share market has recorded a loss for the second day in a row.
Grim call on rate cuts in Australia
Freshly minted RBA deputy governor Andrew Hausen has said Australia’s central bank won’t be swayed by rate cuts in Europe and Canada.
ANZ makes horror 2025 rates prediction
A major Australian bank has issued a grim warning on where rates are heading, with the next cut not predicted until 2025.
Top economist predicts ‘crash of a lifetime’
An outspoken financial author and leading economist is standing by a bold prediction of global financial ruin.
Stocks plunge after India’s election shock
Stocks in India have seen their biggest drop in four years as the market reels from an unexpected election result for PM Narendra Modi.
Aussie economy a ‘heartbeat’ from recession
With households paring back spending, analysts expect Wednesday’s GDP figures will show Australia’s economy slowing to a crawl and being a “heartbeat” away from a recession.
ASX snaps losing streak in broad rebound
Aussie shares shrugged off a grim night on Wall St to end a three-day losing streak and finish the week with a broadbased rebound.
ASX falls on Wall St worries, BHP tumble
The Australian sharemarket fell for its third straight session on Thursday, dragged down by Wall St, inflation fears and a tumble at BHP.
Aussie shares slump on CPI shock
Australian shares slumped on Wednesday after hotter-than-expected CPI numbers renewed inflation fears and narrowed the likelihood of rate cuts this year.
ASX drifts lower in ‘directionless’ trading
The Australian sharemarket fell lower on Tuesday after weak retail sales data hit discretionary stocks.
Aussie shares rebound in broadbased rally
Ten of 11 industry sectors ended in the green on Monday in a rebound ahead of crucial retail and inflation data.
‘Massive:’ Big miners push new green trucks
Mining giants BHP and Rio Tinto have announced a new green push to transform their massive fleet of haul trucks.
RBA keeps door open to another rate hike
Admitting the risks around an inflation rebound had increased, the RBA board was unwilling to rule out an additional rate hike.
Dutton makes huge migration promise
The Coalition will ban foreign investors and drastically reduce migration numbers in a pre-election pitch that has accused Labor of being “disconnected” to everyday Australia.
Gas giant to cut 200 jobs
One of Australia’s energy titans will cut 200 jobs, blaming a delay in ‘growth activities’ for the cull.
ASX lifts on post-budget mining bounce
Aussie stocks lifted on Wednesday on the back of a mining rally fuelled by bourse heavyweight BHP.
ASX slips in ‘risk-off’ trading day
Australian shares dipped lower on Tuesday as investors continue to tread cautiously before a flood of data comes this week.
ASX flat as investors eye inflation data
Australian shares were flat on Monday before important inflation data is released midweek.
Haunting image as major nation collapses
A disturbing and increasingly common sight is emerging as a major nation’s existential crisis is worsening by the day.
Rate hikes back on the table: Bullock
Warning that the RBA would not hesitate to pull the trigger on further rate hikes if needed, Governor Michele Bullock revealed rate hikes had been considered.
Essential cost behind rates pain
Releasing its fresh quarterly forecasts, the central bank painted a gloomy picture on the path for inflation, with one essential cost for many playing a key role.
‘Call us’: Major bank’s plea to homeowners
The chief executive of one of Australia’s biggest banks has laid bare the stress Aussie homeowners are going through.
How collapsed airline got it so wrong
Upstart airliner Bonza launched in Australia with budgie-smugglers and purple cocktails, but 18 months later the low-cost carrier collapsed. Here’s why.
Grim reason rates can’t be cut
Slashing the structural deficit, easing inflationary pressures, and bolstering productivity must be priorities, the Paris-based organisation has argued.
ASX lifts after Fed rates news
Australian shares notched a tepid bounce on Thursday following some dovish rhetoric from the US Fed and positive sentiment around half-year results from NAB.
ASX sinks on Wall St sell-off, Fed fears
Aussie shares slumped on the first day of the new month as anxieties mount about US inflation and interest rates.
Japan-inspired changes coming to 7-Eleven
The chief executive of 7-Eleven has hinted at some big changes to the renowned brand, with a Japanese influence on the cards.
Stocks inch higher on depressed retail sales
Aussie stocks edged higher on Tuesday after a slump in retail sales pushed back fears of impending rate hikes.
Proof Taylor Swift-inspired boost over
Despite expectations of a robust rise, shoppers shunned new spending last month after a Taylor Swift-inspired boost.
ScoMo’s big reveal on Turnbull’s fall
In a book full of startling revelations, former Prime Minister Scott Morrison writes that Malcolm Turnbull advised him to go for the top job during the infamous ‘spill week’ of 2018.
Warning ‘at least’ two more rate rises coming
Stubborn inflation, strong jobs growth, and a rebounding economy could force the Reserve Bank to deliver further rate hikes, economists have warned.
Chalmers’ second surplus all but assured
While it is expected the budget will remain in surplus, welfare recipients holding out for relief are set to be disappointed.
Mega $60bn deal set to reshape Australia
Australia’s largest mining company is swooping in on a rival coal and copper giant in a transformative $60bn takeover bid.
Bombshell Baltimore bridge collapse update
There were massive issues with the container ship that tore down Baltimore’s Francis Scott Key Bridge when it left port, according to new claims.
Fresh blow to rate cut hopes
With prices rebounding over the March quarter, investors and economists pushed out their timeline for rate cuts by the Reserve Bank.
Fashion brand slammed for safety U-turn
A major Australian discount retailer has decided not to sign an international accord on factory safety and a women’s rights group is up in arms.
Inflation data key to rate cut clues
All eyes will be on fresh inflation data to be released on Wednesday which will be critical to the Reserve Bank’s deliberations on rate cuts.
Miner goes nuclear with uranium drum
A South Australian mining company has boomed in value from $37m to almost $2bn in less than 10 years and the meteoric rise could continue with the company announcing another big milestone.
ASX rebounds as Middle East tensions fade
Markets regained their composure on Monday after an apparent easing in hostilities between Iran and Israel.
Global tensions lead ASX to drop
The Aussie sharemarket has ended the week lower after investors responded to reports Israel launched air strikes against Iran.
ASX snaps five-day losing streak
Firmer than expected unemployment data failed to ease concerns that the RBA will hold interest rates steady through to 2025.
ASX flat on new inflation narrative
The Australian sharemarket edged down slightly on Wednesday, as investors settled into a new narrative on inflation.
Worrying sign on Aussie price hike crisis
IMF economists have offered good news on the path of inflation and GDP growth, but they warn Australia is set to lag its global peers.
Albanese unveils millions for minerals
With Beijing dominating the rare earths market, the Prime Minister is set to step up investment.
ASX tumbles as stocks follow Wall St
Shares took their cue from the US stock market, with the local benchmark finishing in the red for the fourth consecutive session.
ASX slips on Iran missiles, inflation worries
Australian shares slipped on Monday trading as investors price in rising geopolitical uncertainty in the Middle East.
ASX slips despite Wall Street recovery
Softer-than-expected producer price data failed to ease the concerns of inflation-worried investors.
‘Choke points’: Palestine protest chaos looms
Authorities are bracing for chaos as pro-Palestine activists promise to cause “economic pain” in protests across Australia.
Hot US inflation derails rate cut hopes
Borrowers holding out for rate cuts could be waiting longer still for relief, with analysts expecting the RBA to wait for the Fed to move first.
Hot US inflation print rattles ASX
With US inflation proving more stubborn than expected, traders are increasingly concerned rate cuts will be delayed.
Iron ore optimism extends ASX rally
A rally in material stocks helped push the benchmark into the green, as investors awaited fresh inflation data due Wednesday evening.
‘Deep fear’: Warning over global economy
There are warnings that “treacherous” conditions are threatening the financial future of the world, but not all are convinced the “apocalyptic scenarios” will hit.
ASX rallies ahead of US inflation figures
The Australian share market was up slightly as investors await new inflation data from the US, which will be key to its path on interest rate cuts.
Supermarket giant backs new $190m fund
Australia’s largest retailer is going direct to the world’s top start-up companies to keep Aussie supermarkets at the forefront of emerging tech.
ASX ekes out gains despite energy dip
While the benchmark edged only slightly higher, key members on the share market swung wildly in trading on Monday.
Stocks drop as rate cut jitters return
With the benchmark finishing in the red for three of the past four sessions, the sharemarket dipped 1.6 per cent this week.
ASX hit by faltering US rate cut hopes
Taking its lead from Wall Street, the local benchmark slipped as rate cut expectations continued to unwind.
Key detail in RBA rate call revealed
For the first time since it started its aggressive run of rate hikes, the RBA did not consider the option, minutes from its latest meeting have revealed.
Haunting new video of bridge collapse
New video has revealed the devastating scene after a container ship slammed into Baltimore’s Francis Scott Key Bridge.
Surge in real estate pushes ASX higher
Ten of 11 sectors on the ASX ended the day in the green, with rate-sensitive real estate stocks and positive sentiment around Chinese growth propelling the uplift.
Tradie shortage risks housing target
Australia risks falling short on its national housing targets unless 90,000 more tradies are recruited in three months.
ASX rallies on US interest rate outlook
The ASX booked a ‘relief rally’ on Thursday on the back of a US Federal Reserve meeting that maintained its outlook for three rate cuts in 2024.
ASX dips before blockbuster US meeting
The Australian sharemarket has edged lower after a day of choppy trading as cautious investors await the all-important US Federal Reserve meeting.
ASX up as miners surge higher
Australia’s surging mining giants pushed the ASX higher on the day the Reserve Bank left the cash rate unchanged.
Original URL: https://www.news.com.au/finance/economy/world-economy/page/6