| Date | Title | Description |
| 18.09.2024 | Australia's RBA to prioritise wholesale CBDC work over retail | SYDNEY : Australia's central bank has decided to prioritise work on a wholesale central bank digital currency (CBDC) as its economic benefits are judged to outweigh those of a retail version, a top policymaker said on Wednesday.
In a confer... |
| 06.09.2024 | Dollar eases ahead of US payrolls test | NEW YORK :The U.S. dollar eased against most major currencies on Thursday in choppy trading as investors braced for Friday's U.S. payrolls report, which could shape the path of interest rate cuts from the Federal Reserve.
The dollar has com... |
| 05.09.2024 | Australia central bank governor reiterates rate cuts are premature | MarketsAustralia central bank governor reiterates rate cuts are premature
By ReutersSeptember 5, 20243:15 AM UTCUpdated ago
Text
Small Text
Medium Text
Large Text
Share
X
Facebook
Linkedin
Email
Link
Reserve Bank of Australia's governor Mic... |
| 04.09.2024 | Australia economy stuck in slow lane, household spending drags | Macro MattersAustralia economy stuck in slow lane, household spending drags
By Stella QiuSeptember 4, 20246:01 AM UTCUpdated ago
Text
Small Text
Medium Text
Large Text
Share
X
Facebook
Linkedin
Email
Link
A shop assistant talks to customers... |
| 04.09.2024 | Aussie consumers put essentials first as cost pressures persist | MarketsAussie consumers put essentials first as cost pressures persist
By ReutersSeptember 4, 20245:31 AM UTCUpdated ago
Text
Small Text
Medium Text
Large Text
Share
X
Facebook
Linkedin
Email
Link
A passenger ferry navigates in front of apa... |
| 03.09.2024 | Why wage theft issues are so prominent in Australia | Profile Smart WFM
More news on Compensation & Benefits Human Resources
As wage theft criminalisation laws draw closer, Australian government and industry need to come together to solve chronic wage theft issues that have plagued the nat... |
| 03.09.2024 | FinTech Australia announces Intersekt 2024 conference details | FinTech Australia has unveiled its plans for the upcoming Intersekt 2024 conference, which will feature new research from the Reserve Bank of Australia on Central Bank issued Digital Currency. The conference is set to also highlight discuss... |
| 28.08.2024 | Morning Bid: Looking local as US macro, Nvidia shadows linger | Asian MarketsMorning Bid: Looking local as US macro, Nvidia shadows linger
By Jamie McGeeverAugust 27, 202410:01 PM UTCUpdated ago
Text
Small Text
Medium Text
Large Text
Share
X
Facebook
Linkedin
Email
Link
CommentaryBy Jamie McGeever
A man... |
| 23.08.2024 | The AI Accountability Shift: A New Era for Government Oversight | The landscape of artificial intelligence (AI) is shifting. Governments worldwide are grappling with the implications of AI technology. In Australia, a significant move is underway. Starting September 1, all federal departments must appoint ... |
| 22.08.2024 | Big four banks to face scrutiny over small business transaction fees | (Clockwise from top left) The logos of NAB, ANZ, Westpac, and Commonwealth Bank. Source: AAP Image/ Joel Carrett. article-article-body
Australia’s big four banks will face parliamentary scrutiny next week, with both Labor and Coalition lawm... |
| 08.08.2024 | “Flame of ambition”: Ombudsman proposes Prime Minister’s awards for small business in 14-point plan | The Ombudsman, Bruce Billson. Source: Supplied. article-article-body
Would small business awards handed down by the Prime Minister, or formal accreditation for those who pay suppliers on time, help to re-energise the SME sector?
Australian ... |
| 07.08.2024 | Australia’s Economic Tightrope: Balancing Rates Amid Rising Costs | Australia is walking a tightrope. The Reserve Bank of Australia (RBA) has decided to hold interest rates steady at 4.35%. This decision comes at a time when the nation grapples with a rising cost of living and increasing financial stress am... |
| 06.08.2024 | Dollar recovers ground, steadies against yen as market frenzy eases | Previous
FILE PHOTO: U.S. Dollar banknote is seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: Japan Yen and U.S. Dollar notes are seen in this June 22, 2017 illustration photo. REUTERS/Th... |
| 06.08.2024 | Australia central bank holds interest rates at 4.35% | SYDNEY : Australia's central bank held interest rates steady on Tuesday as expected, while reiterating that it was not ruling out further increases if needed to control inflation.
Wrapping up its August policy meeting, the Reserve Bank of A... |
| 05.08.2024 | Australia’s central bank expected to hold rates steady at 4.35% | Listen to this article
Australia's central bank expected to hold rates steady at 4.35%
1 min
New: You can now listen to articles.
This audio is generated by an AI tool.
SYDNEY: Australia’s central bank will decide whether to raise interest ... |
| 01.08.2024 | Major central banks' rate cuts gather pace | Previous
FILE PHOTO: The Japanese national flag waves at the Bank of Japan building in Tokyo, Japan March 18, 2024. REUTERS/Kim Kyung-Hoon/File Photo
FILE PHOTO: The Federal Reserve Building stands in Washington April 3, 2012. REUTERS/Joshu... |
| 31.07.2024 | Asian Markets React to BOJ Rate Hike Amid Global Economic Uncertainty | Asian markets are in a state of flux. The Bank of Japan (BOJ) has stirred the pot by raising interest rates, sending ripples through the financial landscape. Investors are now navigating a volatile sea, with the yen swinging wildly and tech... |
| 31.07.2024 | Navigating the Waters of Monetary Policy: The Fed's Discount Window Overhaul | The Federal Reserve is at a crossroads. A new bill aims to reform the discount window, a critical tool for banks in distress. This comes as the Fed grapples with its own internal changes. The discount window has long been a safety net, yet ... |
| 31.07.2024 | Dollar falls as Fed signals likely September rate cut | NEW YORK : The dollar added to losses on Wednesday after the Federal Reserve held interest rates steady but opened the door to reducing borrowing costs as soon as its next meeting in September.
Fed Chair Jerome Powell said in comments after... |
| 31.07.2024 | Asian stocks soar; yen volatile as BOJ hikes rates | MarketsAsian stocks soar; yen volatile as BOJ hikes rates
By Ankur BanerjeeJuly 31, 20244:35 AM UTCUpdated ago
Text
Small Text
Medium Text
Large Text
Share
X
Facebook
Linkedin
Email
Link
The Japanese national flag waves at the Bank of Japan... |
| 30.07.2024 | Dollar, yen hold tight ranges as market braces for BOJ, Fed | TOKYO : The dollar and yen kept within close ranges on Tuesday as traders awaited key central bank decisions, kicking off with midweek monetary policy meetings from the Bank of Japan and Federal Reserve that could set the tone for coming we... |
| 26.07.2024 | “Recipe for disaster”: Consumer groups call for ad ban on BNPL for groceries, medicines | Source: Adobe Stock article-article-body
So-called “buy now pay later” arrangements for essentials such as food and medicines should be banned, consumer groups say.
Federal parliament is considering changes to credit laws that have not cove... |
| 23.07.2024 | The role of Australia's banks in alleviating the cost-of-living crisis | Profile Publicis Sapient
More news on Banking Financial Services
The Budget has delivered some relief for Australians struggling with the cost-of-living. The government is spending AU$7.8 billion on cost-of-living measures. A major goal is ... |
| 05.07.2024 | Bollywood Icon Amitabh Bachchan's Property Empire Expands with Luxurious Borivali Apartments | In a move that has set tongues wagging in the real estate world, Bollywood superstar Amitabh Bachchan has recently acquired two premium apartments in the bustling suburb of Borivali, Mumbai. This purchase comes hot on the heels of his son A... |
| 02.07.2024 | International Roaming Outage Leaves AT&T, T-Mobile, and Verizon Customers Stranded Abroad | A recent international roaming outage has left travelers in a communication crisis as major U.S. carriers, including AT&T, T-Mobile, and Verizon, experience service disruptions while roaming abroad. The outage, attributed to connectivit... |
| 02.07.2024 | CoreLogic: House prices in Australia rise by 0.7%
Vedanta Aluminium wins accolades for environment and energy excellence
IREDA loan surges to Rs 91.36 billion in April-June
India, Australia to Enhance... | Real Estate CoreLogic: House prices in Australia rise by 0.7%
02 Jul 2024 2 Min Read CW Team
CoreLogic reported that Australian home prices had risen in June for the seventeenth consecutive month, driven by tight supply, which outweighed de... |
| 28.06.2024 | Trump re-election may lead to commodity market fragmentation, HSBC's Bloxham says | CommoditiesTrump re-election may lead to commodity market fragmentation, HSBC's Bloxham says
By Anisha Sircar and Divya ChowdhuryJune 28, 202410:28 AM UTCUpdated ago
Save
Text
Small Text
Medium Text
Large Text
Share
X
Facebook
Linkedin
Emai... |
| 27.06.2024 | Headline inflation grows to 4%, raising the spectre of another RBA rate hike | RBA governor Michele Bullock. Source: AAP Image/Mick Tsikas article-article-body
A key measure of inflation has jumped, climbing to 4% in May after edging up from a recent low of 3.4% in February.
The Bureau of Statistics’ monthly consumer ... |
| 25.06.2024 | Cash to stay afloat as money mover Armaguard receives $50 million life raft | Source: AAP Image/Melanie Foster article-article-body
A deal reached between Armaguard, the banks, and Australia’s largest retailers securing the cash-in-transit service’s future, is good news, for now, for those Australians who still use c... |
| 25.06.2024 | Manufacturing sector shows signs of life but cost pressures remain | Source: Adobe Stock article-article-body
Australian manufacturers have notched up a better few months for new orders and tax cuts should help household incomes recover and underpin healthier demand for goods.
Demand has rebounded in the Jun... |
| 19.06.2024 | Dollar struggles for direction, euro close to 1-1/2-month low | :The dollar struggled for direction on Wednesday while the euro remained close to its recent lows on concerns that a new government in France could weaken fiscal discipline, increasing the debt risk premium across the euro area.
Meanwhile s... |
| 19.06.2024 | RBA to consider allowing merchants to pass on BNPL surcharges to customers | Source: Supplied. article-article-body
The Reserve Bank of Australia (RBA) says it will “revisit” the issue of surcharging in the buy now, pay later (BNPL) sector, flagging a new review to assess if payment sector reforms are necessary.
Und... |
| 18.06.2024 | Australia’s Digital Bank Ubank Announces Interest Rate Update for Savings Products | Ubank has announced a new bonus interest rate for savers.
This update from Ubank comes as new Gen Z and Millennial research reveals “the rising cost of living is making it increasingly difficult to manage their finances yet they remain opti... |
| 17.06.2024 | Small businesses exhausting their cash reserves, with one in three turning to personal funds | Source: Canva article-article-body
One in five Australian small businesses have exhausted their cash reserves, and nearly one in three owners are paying business expenses with their personal funds, according to fresh research from local len... |
| 11.06.2024 | AI hype tapers off? Only one in 588 job ads demand AI skills | Source: Pexels/Alex Green. article-article-body
Demand for employees with generative artificial intelligence skills peaked the year ChatGPT was launched and has tapered off in the past two years, amid hype and concern over the impact of the... |
| 06.06.2024 | Chalmers rebuffs recession suggestions amid weak economic growth | L-R: Australian Prime Minister Anthony Albanese, RBA governor Michele Bullock and Treasurer Jim Chalmers. Source: AAP Image/Lukas Coch. article-article-body
Australia is not expected to fall into a recession, the Treasurer has assured, even... |
| 31.05.2024 | How Ed Husic’s proposed company tax reforms could work | Australian Industry and Science Minister Ed Husic. Source: AAP Image/Lukas Coch article-article-body
When politicians talk about business tax reform, and talk about using it to stimulate investment, they are usually referring to one of (or ... |
| 07.05.2024 | Yen eases despite intervention threat, as RBA keeps interest rates steady | - |
| 07.05.2024 | Asian shares at 15-mth high on rate cut bets; RBA seen turning hawkish | - |
| 24.04.2024 | Your hunch is right: You are paying more tax | Source: Canva article-article-body
The Commonwealth’s annual tax take is in rude health and growing strongly.
The latest numbers released by the Australian Bureau of Statistics (ABS) reveal Australia’s overall taxation take has continued it... |
| 23.04.2024 | Has the Reserve Bank indirectly fed inflation? An economist explains | Source: Adobe Stock article-article-body
Here’s something for the board of the Reserve Bank of Australia (RBA) to ponder as it meets next month to set interest rates.
It has pushed up rates on 13 occasions since it began its attempt to rest... |
| 18.04.2024 | Australia March employment disappoints, jobless rate ticks up | Asia PacificAustralia March employment disappoints, jobless rate ticks up
By Stella QiuApril 18, 20242:15 AM UTCUpdated ago
Save
Text
Small Text
Medium Text
Large Text
Share
Twitter
Facebook
Linkedin
Email
Link
People are silhouetted agains... |
| 09.04.2024 | Why cash advocates are furious at Queensland holiday hotspot Hamilton Island | One of the six swimming pools on Hamilton Island in Queensland's Whitsunday Islands, April 12, 2011. This pool has a swim-up bar. (AAP Image/David Potts) article-article-body
It has a reputation for relaxed getaways, but online debate over ... |
| 08.04.2024 | Money transportation is becoming uneconomic. Is this the end for cash? | Source: Canva article-article-body
If you’ve ever taken money out at an Australian ATM, been handed $20 change at a supermarket or paid someone in cash, you’ve probably used the services of Armaguard.
Owned by Linfox Group, Armaguard is Aus... |
| 04.04.2024 | Exclusive: Bank of Korea considering forward guidance overhaul | Asian MarketsExclusive: Bank of Korea considering forward guidance overhaul
By Cynthia KimApril 4, 20246:57 AM UTCUpdated ago
The logo of the Bank of Korea is seen in Seoul, South Korea, November 30, 2017. REUTERS/Kim Hong-Ji/File Photo Pur... |
| 31.03.2024 | US job growth: Payrolls seen hitting at least 200,000 for a fourth month | By Vince Golle and Craig Stirling
Healthy US employment gains continued in March while wage growth moderated, indicating the nation’s labor market is poised to keep stoking the economy with limited risk of an inflation resurgence.
Payrolls ... |
| 21.03.2024 | Fifo Capital CEO says too many SMEs miss out on support measures | Source: Adobe Stock article-article-body
Australian small businesses have not been supported through economic turmoil in the way they should have been, Fifo Capital CEO Wayne Morris says, as robust interest rates and the cost of doing busin... |
| 05.03.2024 | Bitcoin's Price Rally May Add to Inflation. Here's Why | The "wealth effect" from unrealized crypto-market gains could inject demand-pull inflation into the economy.
That could force the Fed to reassess its December projection of implementing three interest-rate cuts in 2024.
Bitcoin's ... |
| 12.02.2024 | Afterpay: No changes to Australian brand after reported US shake-up | article-article-body
Afterpay says it has no plans to shake up its Australian brand, despite reports its American operation will be merged with peer-to-peer payments platform Cash App, and payment experts flagging significant regulatory cha... |
| 01.02.2024 | Australia’s inflation rate is now at its lowest in two years | Source: Adobe Stock article-article-body
Inflation has fallen for the fourth successive quarter.
Australia’s annual inflation rate fell to 4.1% in the December quarter of 2023, down from 7.8% in the December quarter of 2022.
The new rate is... |
| 16.01.2024 | 10 Best Litecoin Casinos for 2024 | Litecoin (LTC) is an established cryptocurrency with many use cases – including online gambling payments. But which casino sites accept LTC in 2024?
This guide reveals the 10 best Litecoin casinos for safety, bonuses, payout times, customer... |
| 12.01.2024 | Australia’s sustainable finance strategy is here. But it’s only the first step | Source: Unsplash/ Zbynek Burival article-article-body
Just north of Jamestown in South Australia, 70 kilometres east of the Spencer Gulf and next to a wind farm of nearly 100 turbines, stands the world’s first big battery.
Built in partners... |
| 22.12.2023 | The state of play in regional and rural retail | article-article-body
Things in retail remain tough. The ‘light at the head of the tunnel’ hinted at in RBA Governor Glenn Stevens’ ‘The Lucky Country‘ address two weeks ago sometimes appears like false dawn in stores and boardrooms across A... |
| 22.12.2023 | Fast Lane: Why the sad face? Small business confidence at an all-time low | article-article-body
SMEs are not happy, according to the latest Westpac-Melbourne Institute Small Business Index, which shows a 12.7% fall in May to an all-time low of 108.2.
That’s down from 124.0 in February with two in five small busine... |
| 07.12.2023 | Happy birthday AUD: A timeline of how the Australian dollar was floated 40 years ago | Source: Canva article-article-body
These days, we take for granted that the value of the Australian dollar fluctuates against other currencies, changing thousands of times a day and at times jumping or falling quite a lot in the space of a ... |
| 30.11.2023 | With inflation at 4.9%, will the RBA hold fire on interest rates? | RBA governor Michele Bullock. Source: AAP Image/Mick Tsikas article-article-body
Australia’s inflation rate has dived from 5.6% to 4.9% in October, pushing it below 5% for the first time in 20 months.
The Australian Bureau of Statistics fig... |
| 21.11.2023 | Cash may not be king, but the Optus outage shows it’s far from obsolete | Image: Canva article-article-body
A simple software upgrade went wrong. Across the country economic life ground to a halt. Groceries were abandoned at supermarket checkouts. Commerce was paralysed as the nation waited for its payment system... |
| 21.11.2023 | Barbers “in shock” after RBA governor says haircuts contributing to inflation | The Barberhood site in Martin Place, Sydney. Source: Supplied article-article-body
Fresh commentary from Reserve Bank of Australia (RBA) governor Michelle Bullock has one barbershop founder “in shock” after she suggested lower spending at h... |
| 21.11.2023 | Money Counterfeiters vs. Central Banks: Where Cash Security Comes From? | Carl Williams, Tech Times 21 November 2023, 09:11 pm
(Photo : Photo Stock)
Despite the rise of digital payments, cash still holds sway in consumer transactions in many countries. In this guise, this means of payment seems to be quite secure... |
| 10.11.2023 | Will the RBA lift rates on Melbourne Cup Day? Don’t bet on it | RBA governor Michele Bullock. Source: AAP Image/Mick Tsikas article-article-body
Each of Australia’s big four banks is now predicting a rate rise in six days on Melbourne Cup Tuesday. It would add another $77 to the monthly cost of servicin... |
| 10.11.2023 | RBA lifts cash rate to 4.35%, in “make or break” call for SMEs | RBA governor Michele Bullock. Source: AAP Image/Mick Tsikas article-article-body
Interest rates look set to climb higher, after the Reserve Bank of Australia (RBA) today decided to raise the official cash rate by 25 basis points to 4.35%.
I... |
| 23.10.2023 | A PayID scam is all over Facebook Marketplace and Gumtree. Here’s how to avoid it | Source: Adobe Stock article-article-body
You’ve done it. You’ve finally bought that new sofa you wanted so much. The old one is still perfectly good to sit on, so you jump online to try and get a little bit of cash for it.
Every day, thousa... |
| 23.10.2023 | Cash no longer king: Digital payments are taking the throne instead | Source: Adobe article-article-body
When was the last time you used cash? For many Australians using cash or even swiping a card has become a rare event.
The move towards a cashless society started 50 years ago with the introduction of the B... |
| 23.10.2023 | A majority of NFTs now estimated to be worthless | Although the first NFTs emerged around a decade ago, the trend really started to take off in 2021. And for a time NFTs were very fashionable. Source: Adobe Stock article-article-body
Non-fungible tokens (NFTs) are in dire straits. With the ... |
| 23.10.2023 | Why the RBA’s next interest rate decision depends on petrol prices | RBA governor Michele Bullock. Source: AAP Image/Mick Tsikas article-article-body
If the Reserve Bank does push up interest rates again, the most likely next date is its next board meeting, on Melbourne Cup Tuesday.
The November 7 meeting is... |
| 15.09.2023 | Australia’s Financial Technology Startups Are Changing How Banks and Financial Institutions Procure New Tech | The fintech sector has been a leading source of tech startup success in the Australian market. The sector is also a clear example of how technology buyers are changing the way they interact with startups. While local fintechs originally eme... |
| 22.08.2023 | Work From Home Increasingly Resembles a Fight Between Employer and Employee in Australia | The tension between the employee’s desire to work from home and the interests of both their employers and the broader property market to get them back into the office, is rapidly coming to a head.
In Australia, office vacancy rates hit thei... |
| 20.07.2023 | TP24 lands AU$585m global debt deal with Barclays | MELBOURNE, Australia, July 20, 2023 /PRNewswire/ -- Receivables-backed SME lending fintech TP24 has closed a AU$585 million global debt deal with Barclays Bank Pic ("Barclays"), arranged by Australian debt advisory firm, Neu Capit... |
| 18.01.2023 | Russia And Iran Eye Up Trade Using Cryptocurrencies To Avoid Dollars And Sanctions | flags of Iran and Russia painted on cracked wallgetty |
| 15.12.2022 | RBA to keep a close eye on ASX's CHESS and its replacement | ASIC and the Reserve Bank of Australia have put the Australian Securities Exchange (ASX) on notice that they’re watching its CHESS replacement project, after the collapse of a years-long attempt to replace the settlement system with one bas... |
| 14.12.2022 | Omicron waves and a crypto crash: A look back at what derailed SmartCompany’s predictions for an unpredictable 2022 | Source:Charlie Deets/Unsplash.
Forget the crystal ball for a moment; let’s reflect. SmartCompany looks back at some 2022 predictions made one year ago. What did we get right, what did we get wrong, and what things played out a little differ... |
| 07.12.2022 | Why the RBA’s latest interest rate rise might be the last for some time | Source: shutterstock.
You might not know it from reading Tuesday’s statement announcing Australia’s eighth consecutive increase in interest rates, but our Reserve Bank might finally have done enough.
The statement says inflation is still “t... |
| 06.12.2022 | First Mover Asia: Bitcoin Falls on Inflation Fears but Continues Its Ride Above $17K | Good morning. Here’s what’s happening:
Prices: Bitcoin and other crypto prices fall along with other riskier assets amid concerns the U.S. economy isn't slowing enough.
Insights: Is Taiwan's technology manufacturer HTC betting too much on t... |
| 29.11.2022 | RBA goes public with payments outage post-incident report | Reserve Bank of Australia has published a post-incident report for a real time payments outage in October.
The outage lasted from 7pm on October 12 into the early hours of October 13, and delayed hundreds of thousands of payments, some of w... |
| 04.10.2022 | Hopes of a Fed pivot are rising. Here's why the RBA's lower-than-expected rate hike has buoyed investors. | The Reserve Bank of Australia surprised the market by hiking interest rates by only 25 basis points.
It's the first central bank to move away from jumbo-sized rate increases to combat inflation.
Advertisement
Australia's central bank just s... |
| 28.09.2022 | How Australia could escape the impending global recession | Global stock markets are tanking on fears of recessions in the US, the UK and Europe, and the OECD is actually forecasting recessions in Europe.
So is recession now inevitable in Australia? Not at all.
The good news is there are several rea... |
| 27.09.2022 | Australia to Explore Potential for Retail and Wholesale CBDCs | The Reserve Bank of Australia (RBA) is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) to explore use cases for a central bank digital currency (CBDC).
The (DFCRC) is a 10-year, A$180 million research programme fu... |
| 19.09.2022 | RBA changes mind, says Least Cost Routing can now happen on mobile wallets like Apple Pay | The Reserve Bank of Australia (RBA) has substantively shifted its position on how banks and credit card schemes prioritise their products in mobile wallet Apple Pay. The decision means shopkeepers will have a basic choice in what cards they... |
| 08.09.2022 | Australia’s June quarter accounts show GDP is doing well, but economic management is about to get harder | Wes Mountain/The Conversation, CC BY-NC-ND
Tuesday’s national accounts show Australia ending 2021-22 on a strong note.
Gross domestic product grew by a historically robust 0.9% in the three months to June, and by an unusually-high 3.6% over... |
| 05.09.2022 | RBA seeks to firm up technology services and data analysis | The Reserve Bank of Australia has laid out intentions to make its technology services more resilient, and to make better use of the data it holds, in its latest corporate plan.
The central bank released its latest strategic plan on Wednesda... |
| 26.08.2022 | Why upskilling is the best way to lift wages in Australia | Treasury’s issues paper for the Jobs Summit says fair pay and job security “strengthen communities, promote attractive careers and contribute to broad-based prosperity”.
But it notes “many Australians have not experienced real wage gains”.
... |
| 19.08.2022 | Unemployment could soon be at 3%. Here’s why it’s not going up anytime soon | Source: Unsplash/Kyle Ryan.
Unfathomably, Australia’s unemployment rate has sunk to 3.4%. Even harder to believe is that it will soon sink lower and after that, if the ANZ’s forecasts are correct, dip below the next threshold to two-point-s... |
| 18.08.2022 | Australia’s inflation rate will soon be published each month. Here’s what that means | Source: Getty
Australia’s consumer price index is about to go monthly, meaning Australia will join most of the developed world in getting an update on inflation at the end of every month, instead of once every three months as at present.
Un... |
| 08.08.2022 | Low-income Aussies to be hit hardest by inflation, and RBA says incomes won’t grow until late 2024 | Source: Unsplash.
Once again the Reserve Bank has made it clear that the poor and marginalised in the community will feel the brunt of its tightening in monetary policy to control inflation — which no one in Australia outside company C-suit... |
| 03.08.2022 | Interest rates will keep rising because the Reserve Bank is scared it can’t contain inflation | Reserve Bank governor Phillip Lowe. Source: AAP/Joel Carrett.
There are signs inflation pressures are easing. Oil prices are down almost 20% on their peak in March. They’ve been falling consistently for a month.
The average capital city unl... |
| 28.07.2022 | Inflation rates hit a 32 year high…What’s next for households and businesses? | Inflation jumped from 5.1 per cent to a new long-term high of 6.1 per cent in the June quarter, a rate matched only by short-lived jump caused by the introduction of the goods and services tax, and not exceeded since 1990, writes John Hawki... |
| 19.07.2022 | First Mover Asia: BTC Spikes Over $22.8K; DappRadar’s Complicated Valuation Model and the Difficulties of Assessing NFTs | Good morning. Here’s what’s happening:
Prices: Bitcoin rises over $22.8K; ether soars past $1.6K on Merge optimism.
Insights: DappRadar has a complicated valuation model that does not adequately account for the true value of NFTs, say criti... |
| 18.07.2022 | Rising corporate profits biggest factor in Australia’s surging inflation, report finds | Harvey Norman chairman Gerry Harvey. Source: Supplied.
Profits, not wages, are the main driving force behind inflation, according to a new report today that throws light on major companies like Harvey Norman posting big profits while passin... |
| 11.07.2022 | Adam Schwab: How Philip Lowe’s failures could help send Australia into a recession | Reserve Bank governor Philip Lowe.
Since Alan Greenspan’s two-decade reign as the chair of the US Federal Reserve, central bankers have held a mythical place among commentators and investors. This has been a triumph of spin over substance w... |
| 07.07.2022 | Runaway inflation soars to nearly 80% in Turkey and food prices have doubled | Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations.
Inflation is hardly a problem limited to American consumers. Across the world, central banks are struggling to get... |
| 07.07.2022 | A Japanese aquarium has been forced to give penguins cheaper fish because of inflation. The penguins aren’t happy | Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations.
Policymakers are scrutinizing consumer behavior throughout the world as rising inflation and interest rates inject... |
| 07.07.2022 | Treasury will once again model the economic toll of climate change as Sydney businesses face yet another flood disaster | Thousands of business owners in northern NSW faced a brutal clean up in the aftermath of the floods. Source: AAP Image/Jason O'Brien
As small businesses across Sydney count the cost of yet another flood disaster, Treasurer Jim Chalmers has ... |
| 06.07.2022 | As interest rates rise, here are proactive steps your business can take to improve the situation | Source: Unsplash/Scott Graham
With interest rates increasing at a rapid rate, it is vital as a business owner to understand the impact this has on your company. It is also very important to take proactive steps to improve the situation for ... |
| 30.06.2022 | The Country May Be Close To A Recession, But These States Are Still Growing | WASHINGTON, DC - FEBRUARY 22: U.S. President Joe Biden participates in a virtual meeting about ... [+] mineral supply chains and clean energy manufacturing in the South Court Auditorium of the White House complex February 22, 2022 in Washin... |
| 22.06.2022 | The RBA was slow to cut interest rates pre-COVID, and it may have cost 270,000 jobs | Source: AAP/Dan Himbrechts.
The Reserve Bank of Australia is about to be put under the microscope in the first major review of its performance in at least 30 years, and perhaps forever.
In research published this month in the Economic Recor... |
| 21.06.2022 | Why timber shortages are likely to delay home building into 2023 | Source: Mick Tsikas / AAP Image
If you’re building or renovating a home, and frustrated with huge delays, you’re not alone.
Australia’s builders are struggling to find timber. For items such as laminated veneer lumber — used for frames and ... |
| 20.06.2022 | First Mover Asia: A Chinese Alternative to Dollar-Based Stablecoins? Widening the Use of the CNH Presents Challenges; BTC Remains Above $20K | Good morning. Here’s what’s happening:
Prices: Bitcoin holds above $20,000; other cryptos are mixed.
Insights: China's CNH token looks promising as an alternative to dollar-based stablecoins, but the challenges to expanding its use are form... |
| 08.06.2022 | Why the RBA won’t continue to raise rates at the level the market expects | Source: Shutterstock/The Conversation.
By lifting its cash rate by 0.5 points, from 0.35% to 0.85%, the Reserve Bank has added about another $120 per month in payments for a $500,000 mortgage.
If financial markets are to be believed, by the... |
| 07.06.2022 | First Mover Asia: When It Comes to Crypto, Hong Kong Isn’t the World’s ‘Freest Economy’; Bitcoin Has a Late Fall Below $30K | Good morning. Here’s what’s happening:
Prices: Bitcoin and other major cryptos take a late dive.
Insights: Hong Kong is hardly laissez-faire when it comes to crypto.
Technician's take: BTC's current price range remains intact after several ... |
| 20.05.2022 | Australia’s unemployment rate officially begins with a ‘3’. What now?’ | Source: Shutterstock.
Early in the election campaign, on April 14, we learned that Australia’s unemployment rate had slipped below 4% in March, to 3.95% — the lowest rate in 48 years.
But the Coalition was denied the bragging rights that wo... |
