‘Stunning reversal’ needed to stop rate hike
A higher-than-expected inflation rate of 4 per cent for May has raised expectations the Reserve Bank will have to raise rates at its next meeting.
Economy
‘Bounces around’: Chalmers’ take on shock CPI
Treasurer Jim Chalmers says higher inflation data released on Wednesday was still lower than what the government had inherited from the Coalition.
‘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.
More Stories
Sign Aussie economy on the edge
Fresh data shows the Australian economy is slowing under the weight of high interest rates, with population growth staving off a recession.
The recession we are in right now
Do you feel your living standards have dropped this year because of surging household costs? New GDP figures help explain why.
Major city goes bankrupt over equal pay
A major UK city has declared financial distress after revealing it doesn’t have the resources to pay back historical equal pay claims.
China snub leaves Albo hanging
Anthony Albanese is hoping an upcoming tour of southeast Asia will help bolster ties with the region but a meeting with one key leader could be off the cards.
Aboriginal land claim for $100m beach park
The head of an Aboriginal land council has defended the group’s bid to claim a $100 million chunk of land in one of Sydney’s most affluent suburbs.
Crisis unfolding amid cost-of-living crunch
The cost-of-living crunch risks pushing billions of dollars worth of new, unused goods to landfill – and creating an environmental crisis.
‘Dog’s breakfast’: Karl lets rip on Qatar flights
Treasurer Jim Chalmers has backed a decision to block extra Qatar Airways flights despite Karl Stefanovic calling the drama a “dog’s breakfast”.
China’s role in sluggish Aussie economy
With global uncertainty caused by a slowing China, new figures out on Wednesday will reveal just how sluggishly Australia’s economy is growing.
Cash windfall for millions of Aussies
Millions of Australians are set for a much-needed cash windfall as the cost of living crisis continues to stress households.
RBA boss sounds alarm on China
Outgoing RBA governor Philip Lowe has cautioned that China’s deteriorating economic outlook is one of three “significant uncertainties” facing the local economy.
Original URL: https://www.themercury.com.au/business/economy/page/198