US and European stock markets rebounded Wednesday but Asia slipped as investors waited for a speech by US Federal Reserve chief Jerome Powell at the end of the week.
AFP news Aug 22, 2024
UK government borrowing jumped by far more than expected in July, official figures showed Wednesday, stoking fresh anxiety for the new Labour government ahead of its first budget in just over two months.
AFP news Aug 22, 2024
The RBA's reluctance to lower interest rates is a result of its worries about wages and employment.
Shreyashi Chakraborty Aug 21, 2024
About 500 jobs are reportedly under threat, which the agency's staff union warns could jeopardize its research capabilities and national scientific expertise.
Shreyashi Chakraborty Aug 21, 2024
Switzerland's new instant payment system will bolster the future of cashless payments in the country, the Swiss central bank said Wednesday after the scheme went live.
AFP news Aug 21, 2024
Echo Law, the legal firm that filed the suit Wednesday, claimed even though the airline was obliged to refund the money, it gave travel credits to customers between 2020 and 2022.
Vidhya CK Aug 21, 2024
Western Australia is fearing an economic downturn due to falling iron ore prices. However, the government's cautious budgeting may thwart the problem.
Shreyashi Chakraborty Aug 20, 2024
The central bank has extended its inflation rate target deadline to 2026 from the earlier forecast of achieving the target by 2025.
Vidhya CK Aug 20, 2024
With recent data indicating the US economy remains in good shape as inflation slows and the labor market softens, there is widespread expectation the bank will finally start unwinding its long-running program of tight monetary policy next month.
AFP news Aug 20, 2024
Bookstopia immediately resumed trading, after digiDirect made the quick acquisition thanks to its owner, Shant Kradjian.
Shreyashi Chakraborty Aug 20, 2024
The Kenyan government plans to raise about $1.2 billion by reinstating some unpopular taxes contained in a finance bill that was scrapped in the face of deadly street protests, a government minister said.
AFP news Aug 19, 2024
According to University of Melbourne Professor Tom Kompas, people between the ages of 30 and 49 contributed the most to the loss. "Workers in that age bracket contributed to a loss of 52 million worked hours, or more than 50% of the total labor and productivity lost in 2022," he said.
Vidhya CK Aug 19, 2024
Westpac surged ahead of its peers who were still grappling with soaring high interest rates and rising cost-of-living pressures, which led to concerns about asset quality and loan repayment.
Shreyashi Chakraborty Aug 19, 2024
Equities were mixed Monday following last week's strong performance, with traders focused on a closely followed meeting of central bank chiefs where the Federal Reserve's Jerome Powell is due to deliver a key speech.
AFP news Aug 19, 2024
Despite the challenges, the bank's core operating margins boosted investor confidence, leading to a 1.5% increase in its share price by mid-session.
Shreyashi Chakraborty Aug 17, 2024
Stock markets mostly rallied Friday after encouraging US retail sales data reassured investors about the health of the world's biggest economy.
AFP news Aug 17, 2024
Financial pundits have been betting on rate cuts by the end of the year, that would provide relief to mortgagors and renters.
Vidhya CK Aug 16, 2024
Administrator Sam Freeman said more than more than 20,000 passengers flew Rex in the first week of administration, adding that only the capital city routes serviced by Boeing 737s have been grounded.
Vidhya CK Aug 15, 2024
Britain's economy grew 0.6 percent in the April-June period, a slight slowdown compared with the first three months of the year, official data showed on Thursday.
AFP news Aug 15, 2024
Based on the data from the Australian Bureau of Statistics (ABS), the market added more than 58,000 jobs in July, mostly in full-time roles, but the number of those who were unemployed grew by 24,000, which lifted the participation rate to a record high of 67.1%.
Vidhya CK Aug 15, 2024
Telecom companies delayed the shutdown following concerns regarding the inability of some phones to connect to triple zero emergency network.
Vidhya CK Aug 14, 2024
ASIC pointed out that a week before the February update, ASX's audit and risk committee was informed about the project's "red" status. Despite the warning, ASX updated the public in February 2022 that the project was progressing well and would go live the next April. After serious lapses, the project was finally shelved in November 2022.
Vidhya CK Aug 14, 2024
The recruitment company's stock price fell 8.5%, causing a loss of AU$600 million, as SEEK's CEO, Ian Narev, predicts fewer job ads in Australia and New Zealand next year.
Shreyashi Chakraborty Aug 13, 2024
Asian stocks rose again Tuesday as worries about a US recession that sent markets into turmoil last week eased ahead of key inflation data, while oil prices held gains on concerns about a broader war in the Middle East.
AFP news Aug 13, 2024
In the June quarter, the pay for public servants was raised by 0.9% and in March by 0.6%, contributing to a 3.9% increase in the past one year.
Vidhya CK Aug 13, 2024
Global stock markets mostly rose Monday as investors tried to move on from upheaval fuelled by US recession worries, with focus shifting to the week's release of American inflation figures and other key data.
AFP news Aug 13, 2024
According to Shell, the phase 2 development will produce 130 terajoules of additional gas per day at peak production.
Vidhya CK Aug 13, 2024
The RBA's Andrew Hauser said, "As humans, we are all prone to overconfidence, particularly when forecasting the future. In many cases, the answer we ought to give is that we simply do not know."
Shreyashi Chakraborty Aug 12, 2024
European and Asian stock markets mostly rose Friday, the end of a roller-coaster week for equities, after US jobs data soothed concerns that the world's top economy could tip into recession.
AFP news Aug 09, 2024
Consultation regarding the layoffs started on July 31, with termination notices being circulated the same night.
Shreyashi Chakraborty Aug 09, 2024
