‘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.
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.
Treasurer Jim Chalmers says higher inflation data released on Wednesday was still lower than what the government had inherited from the Coalition.
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.
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.
Fresh data shows the Australian economy is slowing under the weight of high interest rates, with population growth staving off a recession.
Do you feel your living standards have dropped this year because of surging household costs? New GDP figures help explain why.
A major UK city has declared financial distress after revealing it doesn’t have the resources to pay back historical equal pay claims.
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.
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.
The cost-of-living crunch risks pushing billions of dollars worth of new, unused goods to landfill – and creating an environmental crisis.
Treasurer Jim Chalmers has backed a decision to block extra Qatar Airways flights despite Karl Stefanovic calling the drama a “dog’s breakfast”.
With global uncertainty caused by a slowing China, new figures out on Wednesday will reveal just how sluggishly Australia’s economy is growing.
Millions of Australians are set for a much-needed cash windfall as the cost of living crisis continues to stress households.
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