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.
Duncan Evans
The RBA has been encouraged by yet another key global economic body to keep interest rates on hold to combat rising inflation, while the Federal Government has been urged to tackle lagging productivity growth.
Adrian Lowe
Slashing the structural deficit, easing inflationary pressures, and bolstering productivity must be priorities, the Paris-based organisation has argued.
Jack Quail
Despite the decline in earnings, freshly minted NAB boss Andrew Irvine hinted that the competitive home loan market was easing.
The number of new homes signed off for construction continues to lumber at a mid-2020 pace, according to new data from the Bureau of Statistics.
Blair Jackson
More than 8300 parents respondents to a national survey revealed their concerns about about cost of living pressures, social media and screen time, and their child’s wellbeing.
Claire Sadler
New National Australia Bank chief executive Andrew Irvine says more households are feeling the pinch of higher interest rates and inflation but the majority of its customers are “doing OK”.
Cheyanne Enciso
As shoppers tightened their belts, the grocery giant said it had experienced a “noticeable shift” in consumers’ behaviours since Christmas.
The chief executive of 7-Eleven has hinted at some big changes to the renowned brand, with a Japanese influence on the cards.
Aussie shares slumped on the first day of the new month as anxieties mount about US inflation and interest rates.
Amid a resurgence in price pressures, households should wait a little longer to receive personal income tax cuts, some analysts have argued.
Impending income tax cuts are a “real problem” for the Federal Government and may even pose a bigger threat to inflation than the Reserve Bank has factored in, economists say.
Amid a backlash from economists and industry experts, Treasurer Jim Chalmers has unveiled an overhaul of foreign investment policy.
Further deepening reforms and promoting the modernisation of China will be the main agenda of the third plenum to be held in July.
Staff Writers
Aussie stocks edged higher on Tuesday after a slump in retail sales pushed back fears of impending rate hikes.
Convenience chain 7-Eleven’s Australian boss says his stores may soon look a lot more like the famed Japanese equivalents as its new owners look to overhaul its offering.
Despite expectations of a robust rise, shoppers shunned new spending last month as inflation and interest rates continue to bite.
The Reserve Bank of Australia has been told interest rates may need to stay higher for longer to ensure inflation continues to slide and economic growth does not fall significantly.
Bapcor’s incoming chief executive and former racing driver Paul Dumbrell has stunned the Autobarn owner by making the last-minute decision to pull out of the top job one day before he was due to start.
Crown Resorts will slash up to 1000 jobs from its Sydney, Melbourne and Perth operations citing reduced foreign tourism and a sharp decline in local workers.
Simone Grogan
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.
Jerome Powell’s remarks in the coming week will be closely parsed by investors for any clues on just how long the Federal Reserve is willing to wait before cutting interest rates.
Reade Pickert and Craig Stirling
Higher interest rates, cost of living pressures and an increasing tax burden have kept a lid on Australian consumer spending and left retail sales weak.
Poppy Johnston
The scars of Australia’s gathering construction liquidation crisis can be seen in the unfinished homes littered across major cities.
Duncan Evans and Angie Raphael