News
Australia Inflation Heats Up in March, Pressuring Central Bank
1+ day, 19+ hour ago (63+ words) Yahoo Finance Australia Australia Inflation Heats Up in March, Pressuring Central Bank Jolted by fuel and housing costs, Australia's consumer price index (CPI) rose further above central bank targets in March, possibly setting the stage for more rate hikes from…...
Peak higher: Treasurers warning amid inflation horror
2+ day, 5+ hour ago (303+ words) Treasurer Jim Chalmers has warned inflation could "peak higher" than the March surge amid fuel shocks from the Iran war. Annual headline inflation jumped from 3. 7 per cent to 4. 6 per cent in March, official figures put out on Wednesday showed. Core…...
Impact on inflation from fuel price hike to be revealed
5+ day, 6+ hour ago (538+ words) The initial impact of the Iran war on Australia's economy is set to be laid out when pivotal inflation data is released. The first set of inflation numbers since US and Israeli strikes on Iran led to the closure of…...
Big bank lifts rates for second time in three weeks as Aussies face borrowing crunch
1+ week, 1+ day ago (415+ words) Westpac has hiked its fixed home loan interest rates for the second time in three weeks. Aussie banks are pricing in further interest rate hikes from the Reserve Bank of Australia, with Westpac predicting borrowers could be dealt a triple…...
New Zealand Shares Fall; Genesis Energy Posts Lower Fiscal Q3 Retail Electricity Sales
1+ week, 20+ hour ago (59+ words) Yahoo Finance Australia New Zealand Shares Fall; Genesis Energy Posts Lower Fiscal Q3 Retail Electricity Sales New Zealand shares ended lower on Thursday as most Asian indexes saw losses after shipping worries continued around the Strait of Hormuz. - CBA. AX Commonwealth…...
Australian Leading Economic Index Turns Negative in March
1+ week, 1+ day ago (65+ words) Yahoo Finance Australia Australia markets open in 32m Australian Leading Economic Index Turns Negative in March Battered by higher interest rates and the global energy shock stemming from Persian Gulf hostilities, a leading Australian economic index turned negative in March, reported…...
Grocery shopping becoming 'luxury' for Aussie families: 'Can't afford to have a steak"
1+ week, 2+ day ago (764+ words) An Aussie mum says grocery shopping is starting to feel like a "luxury" for her family of five. Grocery costs are continuing to creep higher and higher, becoming one of the most stressful expenses for many families. Amy Cole spends…...
Coalition launches "debt clock" as figure nears $1 trillion
1+ week, 3+ day ago (275+ words) The Coalition has launched a publicly accessible digital "debt clock" that displays Australia's gross debt by tracking the total Australian government securities on issue. The tool was launched to mark two decades since former treasurer Peter Costello paid off the…...
New Zealand Shares End Slightly Higher Amid Rising Middle East Tensions; Channel Infrastructure Secures Deal to Expand Diesel Storage at Marsden Point
1+ week, 4+ day ago (82+ words) Yahoo Finance Australia New Zealand Shares End Slightly Higher Amid Rising Middle East Tensions; Channel Infrastructure Secures Deal to Expand Diesel Storage at Marsden Point New Zealand shares ended marginally higher on Monday after tensions rose in the Middle East,…...
RBA reveals change to cash trend amid calls for mandate to be expanded
1+ week, 4+ day ago (663+ words) The declining use of cash in Australian society appears to have reached its nadir. Australians using cash has actually seen a slight uptick in recent years, according to newly released data from the Reserve Bank of Australia. The use of…...