Most Asian markets rose Tuesday but Tokyo sank more than one percent as exporters were hit by a stronger yen with traders gearing up for a bumper US interest rate cut and a key Japanese central bank meeting.
AFP news Sep 17, 2024
Trade Minister Don Farrell announced the agreement in Canberra on Tuesday, highlighting that the deal would curb tariffs on over 99% of Australian products entering the UAE.
Shreyashi Chakraborty Sep 17, 2024
US and European stock markets wavered on Monday as investors cautiously awaited the US Federal Reserve's first interest-rate cut since 2020.
AFP news Sep 17, 2024
The agreement includes a 15% salary increase for both Captains and First Officers in the first year, followed by 3% annual increases in the subsequent two years.
Shreyashi Chakraborty Sep 16, 2024
"Given the RBA's hawkish rhetoric, we don't see rate cuts coming until the second quarter of 2025," Oxford Economics Australia head of macroeconomic forecasting Sean Langcake said ahead of the research firm's biannual economic outlook.
Shreyashi Chakraborty Sep 16, 2024
The Japanese finance ministry on Friday designated the parent company of 7-Eleven a "core" industry, a move that could make a takeover by Canadian rival Couche-Tard more difficult.
AFP news Sep 13, 2024
Despite declaring a AU$2.08 billion pre-tax profit for the fiscal year 2023–24, Qantas raised the change and cancellation costs for domestic flights to $119, beginning Oct. 9.
Shreyashi Chakraborty Sep 13, 2024
Despite the allegations leveled against it, the casino has been permitted to continue operating under the supervision of a regulator-appointed manager.
Shreyashi Chakraborty Sep 13, 2024
Asian markets mostly rose Friday while the yen sat around nine-month highs and gold hit a record after another healthy day on Wall Street as investors gear up for an expected US interest rate cut next week.
AFP news Sep 13, 2024
Tech mogul Elon Musk has likened the Australian government to "fascists", attacking proposed laws that would fine social media giants for failing to stem the spread of misinformation.
AFP news Sep 13, 2024
The hefty payout was in addition to his base salary of AU$381,000 for the last 67 days he worked as the CEO for the airline.
Shreyashi Chakraborty Sep 13, 2024
The cautious spending habit of consumers was also tied to rising household prices and mortgage repayments.
Shreyashi Chakraborty Sep 12, 2024
With inflation slowing and the economic outlook darkening, the European Central Bank is expected to cut interest rates again Thursday but is unlikely to give much away about its next moves.
AFP news Sep 12, 2024
Major Japanese and American business groups have urged US Treasury Secretary Janet Yellen not to succumb to political pressure when reviewing Nippon Steel's proposed acquisition of United States Steel.
AFP news Sep 12, 2024
US tech giant Amazon is to invest GBP8 billion ($10.5 billion) in Britain over the next five years, creating thousands of jobs via its web services arm, the company and UK government announced Wednesday.
AFP news Sep 11, 2024
US consumer inflation eased more than expected last month, according to government data published Wednesday, bolstering expectations that the Federal Reserve will cut interest rates next week.
AFP news Sep 11, 2024
"Conditions in the labour market have eased since late 2022, but our assessment is that the labor market is still tight relative to full employment. We expect the demand for labour to grow at a slower pace relative to the supply of labour in the coming quarters, gradually bringing the labour market into better balance. Our view is that some of this slowing in labour demand is likely to occur via a decline in average hours," said Sarah Hunter.
Vidhya CK Sep 11, 2024
UK online property website Rightmove said Wednesday it had rejected a multi-billion-pound takeover offer from Australian peer REA Group, majority owned by Rupert Murdoch's News Corp empire.
AFP news Sep 11, 2024
BMW said Tuesday it was recalling about 1.5 million vehicles due to problems with their brakes and cut its outlook for the year, sending the German luxury carmaker's shares tumbling.
AFP news Sep 10, 2024
While the Westpac–Melbourne Institute Consumer Sentiment Index dipped by 0.5% to 84.6 in September from 85.0 in August, the NAB business confidence survey was down to -4 index points in August.
Vidhya CK Sep 10, 2024
APRA recommended the transition to a simpler capital framework from Jan. 1, 2027, with all current AT1 bonds expected to be replaced by 2032. As of June 2023, Australian banks have a total of AU$40 billion worth of Additional Tier 1 (AT1) capital still outstanding.
Vidhya CK Sep 10, 2024
Asian markets mostly rose Tuesday after a rally on Wall Street as traders try to assess the outlook for US interest rates following last week's disappointing jobs report, with focus on the release of key inflation data.
AFP news Sep 10, 2024
ACCC chair Gina Cass-Gottlieb said undisclosed financial arrangements were deceptive and asked for a ban on strata insurance commissions, which were adding to insurance costs.
Vidhya CK Sep 09, 2024
A Qantas spokesperson said that the ACCC's four-year monitoring of the aviation industry found no anticompetitive behavior, with domestic fares trending down and Qantas and Jetstar offering lower international fares, including 12 million Jetstar fares under $100 last financial year.
Shreyashi Chakraborty Sep 09, 2024
Anthony Miller, who has been serving Westpac as the head of the business and wealth division for four years, has a strong resume in the financial industry.
Shreyashi Chakraborty Sep 09, 2024
Chinese consumer inflation ticked up slightly in August to a six-month high, official data showed Monday, but the reading missed expectations and did little to soothe worries about sluggish spending in the world's number two economy.
AFP news Sep 09, 2024
The European Central Bank is expected to cut interest rates again this week as inflation drifts back down towards its two-percent target, but policymakers will likely stay tight-lipped on future moves.
AFP news Sep 09, 2024
The eurozone economy's growth in the second quarter this year was slightly smaller than previously estimated after the EU's statistics agency on Friday revised its data.
AFP news Sep 06, 2024
Lending by first-time home buyers increased by 0.8% in July, and was 19.7% higher compared to July 2023. July also recorded a national average of new owner-occupier loans and new investor loans at AU$641,000.
Vidhya CK Sep 06, 2024
Hiring in the US private sector markedly undershot analyst expectations in August, said payroll firm ADP on Thursday, as the labor market's health comes under scrutiny.
AFP news Sep 05, 2024
