Labelling on food you buy at the supermarket is about to get overhauled. Leading food manufacturers could soon be subject to mandatory health star ratings, more onerous labelling on packaged products and restrictions on marketing, especially to infants, under federal government changes. Unlike several other countries, Australia currently has a voluntary health star rating system … Read more
The Commonwealth economic organization says fears about borrowers falling off the fixed rate property loan cliff have largely been averted as households find work arounds in the face of higher finance charge rates. The bulk of CBA’s remaining fixed rate loans rolled on to variable rates in September last year. The Commonwealth economic organization says … Read more
Wages are still rising but at a slower pace as the unemployment rate surprisingly fell, according to official figures. A low unemployment rate can indicate a healthy economy and increase pressure for wages to rise – it may also give the money institution of England more confidence to make further debt charge rate cuts. Read … Read more
00:00 The RBA Governor Michele Bullock says financial markets are a little bit ahead of themselves with their expectations of when the central lender will cut rates and the board doesn’t believe Australia is heading for a recession. The RBA kept borrowing charge rates on hold at 4.35 per cent. The Governor said no rate … Read more
Jeremy Szafron, Anchor at Kitco News, interviews Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, to discuss the current sector turbulence affecting global equities and commodities, with a particular focus on gold. McGlone draws comparisons between today’s sector conditions and the global money crisis, suggesting this period could potentially be worse. He advises caution against … Read more
$100 billion has been wiped off the S&P/ASX 200 in a single session and there are fears the losses will continue. It’s the second consecutive sell-off, with losses were spread across all sectors, but technology, financial, energy and real estate shares were hardest hit. Bitcoin also plunged. Wilson Asset Management’s Lead investment mix Manager, Matthew … Read more
Sparked by fears of a US recession, the ASX has shed more than $100 billion, tumbling 3.7%. Meanwhile, on the back of hiking finance charge rates, the Japanese sector had a massive fall. Subscribe: http://ab.co/1svxLVE Economist Besa Deda says Friday’s release of US payroll data prompted a sector panic. ABC News provides around the clock … Read more
KPMG chief economist Diane Swonk discusses whether the U.S. economy is headed for recession on ‘Making Money.’ #foxbusiness #makingmoney Subscribe to Fox enterprise! https://bit.ly/2D9Cdse Watch more Fox enterprise Video: https://video.foxbusiness.com Watch Fox enterprise Network Live: http://www.foxnewsgo.com/ FOX enterprise Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main … Read more
The latest annual inflation data shows the cost of coverage rose 14 per cent in the 12 months to June. The impacts of climate change, smarter cars and costly repairs are part of the problem. While Australians might feel like premiums are too high, the companies which provide the cover are subsidising policies from capital … Read more
Economists say the latest inflation data takes pressure off the Reserve economic organization to hike loan charge rates in August. The annual headline figure came in as expected at 3-point-8 per cent but the quarterly underlying measure eased for the sixth quarter in a row, suggesting inflation is still trending down. Rental prices rose by … Read more