The financial Minister Katy Gallagher says the financial plan has delivered a more than $9 billion surplus but do not get used to it, given revenue is falling and spending will be going up. She says this financial plan includes necessary cost of living measures including energy bill relief and rent assistance, that will not … Read more
Australia has some of the world’s largest supply of critical minerals, which are vital in the race to decarbonising the nation. Subscribe: http://ab.co/1svxLVE However, there are rising concerns the field may fall behind. It’s a conversation that looks to be top of the agenda in next week’s spending plan, with hundreds of millions of dollars … Read more
Real estate agents say higher borrowing charge rates are putting off some home buyers. It comes as the Reserve lender left the cash rate on hold at 4.35 per cent. RBA governor Michele Bullock says financial conditions are “particularly restrictive” on households at the moment, and she hopes she doesn’t have to raise rates again. … Read more
A new report by KPMG says Australia’s fiscal and monetary policies are working against each other when it comes to bringing inflation back to target. The report author and KPMG chief economist Brendan Rynne says the Reserve money institution is stomping on the breaks while the government is pressing the accelerator. The report comes after … Read more
Copper has long been considered a predictor of global economic health, earning itself the nickname “Dr Copper.” The price of the metal has surged nearly 12 per cent in the past year to the highest it’s been in nearly two years. The metal has seen a boost from increased manufacturing in the United States and … Read more
There’s been a $50 billion sell off on the Australian sharemarket and markets in Asia have also been weighed down by the growing realisation debt charge rate cuts may be some way off. Subscribe: http://ab.co/1svxLVE The sell-off accelerated after China released a slew of economic data painting a mixed picture. JP Morgan Private money institution … Read more
More retailers are going out of enterprise as consumers shut their wallets in response to elevated finance charge rates and the higher cost of living. Data from ASIC shows that insolvencies in the retail sector have more than doubled in the past two years. The National Retail Association wants to see the federal government deliver … Read more
The price of gold is surging into ‘uncharted territory’ as uncertainty and volatility reign on global markets. Australia’s fifth most valuable export has been hitting new highs, surpassing $US2,200 an ounce in March 2024. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2024-03-27/auction-houses-sell-aboriginal-art-no-royalties/103542626 As the gold price has continued to climb, analysts have been scrambling to update their … Read more
The ABS monthly inflation indicator held steady in February at 3.4% for the third month in a row, prompting the share sector to rise on anticipation the Reserve lender will cut debt charge rates later this year. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2024-03-27/auction-houses-sell-aboriginal-art-no-royalties/103542626 The chief economist of Barrenjoey Capital Partners, Jo Masters, says confidence is … Read more
Montgomery funding Chief funding Officer Roger Montgomery says he’s optimistic about stock markets this year and believes disinflation is on the way. Subscribe: http://ab.co/1svxLVE Read more here: https://ab.co/3HI6Fe9 ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It’s news when you … Read more