US Consumer Inflation Eases More Than Expected In August
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.
RBA Assistant Governor Says Labor Market Easing But Still 'Tight' Relative To Full Employment
"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.
Property Website Rightmove Rejects GBP5.6 Bn Murdoch Bid
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.
BMW Recalls 1.5 Mn Cars Over Bad Brake, Cuts Outlook
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.
-
Australians Grow Wary Of Economic Stagnation And Job Security As Consumer Sentiment Falls
-
Australian Banks Urged To Transition From AT1 Bonds To More Stable Capital Forms
-
Asian Markets Battle To Match Wall Street Rally Ahead Of US Inflation
-
Insurance Giant Steadfast Halts Trading Amid Allegations Of Misleading Clients
More news
Qantas Rejects Senator McKenzie's Call To Sell Off Jetstar Amid Anti-Competition Concerns
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.
Westpac Names Anthony Miller CEO As Peter King Prepares To Step Down
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.
China Consumer Prices Edge Up To Six-month High In August
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.
ECB To Deliver Fresh Rate Cut As Inflation Cools
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.
Eurozone Second-quarter Economic Growth Revised Down
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.
New Housing Loans Surge By 3.9% To AU$30.6 Billion, Driven By Investor Demand
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.
US Private Sector Hiring Misses Expectations In August: ADP
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.
Blackstone's AU$24 Billion Buyout Of AirTrunk Marks Major AI-Linked Investment In Asia Pacific
Founded in 2015, AirTrunk is the largest data center group in Asia Pacific, with 11 sites across Australia, Japan, Malaysia, Hong Kong and Singapore.
Australia Tops Global Gambling Losses With $1,635 Per Person, New Report Finds
The report also highlighted that the government's previous efforts to impose a ban were thwarted by powerful vested interests, which led to Australians losing a staggering $24 billion to gambling in 2020-21.
Meta Executive Labels Australia's News Code 'Unworkable' During Senate Hearing
Meta's regional director of policy, Mia Garlick, stated that the News Media Bargaining Code, which pertained to publishing news content, was "unworkable" as it was not "reflective of the economic realities of news on our services."
Australia's Housing Crisis Deepens As National Council Chair Warns of Rising Property Prices, Supply Issues
Susan Lloyd-Hurwitz said the council was set to find solutions to the issues plaguing homebuyers for a long time and will also stress the critical need for a stronger course of action to increase the housing supply.
Australia Records Slowest Economic Growth Since 1991 Recession, Driven By Weak Consumer Spending
The June quarter was driven by increased spending by the government and foreign students, while household consumption took a beat due to high inflation and interest rates. Consumer spending, which declined to 0.2% in the June quarter, was the lowest since the global recession.
Cathay Says 15 Airbus Planes Need New Engine Parts After Fleet-wide Inspections
Hong Kong carrier Cathay Pacific said Tuesday that 15 of its Airbus A350 jets needed new engine parts after inspecting its entire fleet, which was grounded following a "first of its type" engine component failure.
UK Announces Record Green Energy Auction
The UK on Tuesday said it had awarded a record 131 new green infrastructure projects in a single auction, including plans for Europe's two biggest offshore windfarms.
Australia's Current Account Balance Falls To AU$10.7B Deficit In June Quarter, Biggest Drop In 5 Years
In addition, the goods and services balance decreased by AU$3.9 billion, sharply diving to AU$12 billion.
Cost-Of-Living Crisis: 37% Western Australians Turn To Loans Or Asset Sales For Unexpected Bills, Says Survey
The survey, dating back to July, involved 1,074 participants, among which 37% said they would turn to borrowing or selling assets to foot any bill of AU$500 or more.
Asian Markets Drift Lower Ahead Of Key US Figures, Eyes On China
Asian markets retreated Tuesday as investors steel themselves for a high-stakes US jobs report at the end of the week while keeping tabs on China after fresh data stoked renewed worries over the world's number two economy.
Victorian Government Defends Short-Stay Levy Amid Airbnb's 'Triple Tax' Criticism
Last week, the Victorian government introduced a bill in Parliament to impose a 7.5% tax on revenue from short-term stays booked for less than 28 days through platforms like Airbnb and Stayz, starting from Jan. 1.
REA Group Eyes Acquisition Of UK Property Giant Rightmove, Sparking 25% Share Surge
Following the announcement by REA Group, Rightmove shares shot up 25% to £6.96 (AU$13.49) -- the highest it has reached since March 2022.
Stock Markets Mostly Fall On China Woes
Major stock markets mostly fell Monday as more weak Chinese economic data offset optimism over an expected US interest-rate cut.
Woolworths To Sell 4.1% Stake In Endeavour, Expects To Generate AU$383 Million
The grocer announced that it will use the funds from the sale to acquire 35% stake in PFD Food Services.
Treasurer Chalmers Criticizes RBA For 'Smashing' Economy With Rapid Rate Hikes
The treasurer's remarks on Sunday followed weeks of rumors regarding tensions between the RBA and the government, sparking concerns about the economy's direction.
Star Entertainment Trading Halted After Governance Failures Highlighted In NSW Casino Commission Report
Star Entertainment also decided to pushback publishing its annual financial results, following the release of the report.
Unpaid Superannuation Costs Australian Workers AU$30,000 In Retirement: Report
According to the Super Members Council (SMC), 2.8 million Australian workers were not paid their full amount of superannuation in 2021–2022, which amounted to AU$5.1 billion.
BHP's Olympic Dam Expansion Moves Forward, Aiming To Boost South Australia's Copper Output
The miner expects to raise its annual output from 322,000 tons to 500,000 metric tons of cathode by the early 2030s and up to 650,000 by the mid-2030s.
Australia's Crypto ATM Count Soars 16-Fold In 2 Years, Surpassing 1,200 Machines
The country is now home to over 1,200 crypto ATMs, up from just 73 two years ago, catapulting Australia as the third-largest market globally, behind the U.S. and Canada.
ANZ CEO Denies Taxpayers Faced Losses Following Alleged Misconduct In 2023 Bond Issuance
"There has been speculation that potential misconduct by ANZ in connection with this issuance may have cost taxpayers. From what I have seen, there is no evidence of this. I've not seen any evidence, any of the data that supports any misconduct, market manipulation or otherwise, from ANZ," ANZ CEO Shayne Elliott told a parliamentary committee on Friday.
Australia's Retail Sales Stall In July, Defying Economists' Predictions of Growth
"Overall, it's clear there was little momentum behind consumer spending at the start of the quarter. And while it is early days, the data broadly reinforce our view that Australian households are not rushing to spend their newfound tax cuts," economist Abhijit Surya said.
Fair Work Commission To Assess Remote Work Rights For Office Workers
The probe will address eight key questions, such as how WFH should be defined, should employees be given legal right to request for WFH, and how overtime should be authorized and calculated.
Commonwealth Bank CEO Advocates Wealth Tax Over Income, As Company Posts AU$9.8 Billion Profit
Denouncing Greens' proposed 40% tax on excessive corporate profits as "insidious populism," Matt Comyn suggested that prioritizing popularity over genuine reform will only erode trust in institutions.
Pages
- Prev
- 25
- 26
- 27
- 28
- 29
- 30
- 31
- 32
- 33
- Next
- Promoted in Business
- 1
- 2
- 3
- 4
- 5
