Australian Consumer Sentiment Slumps Following RBA’s Rate Hike
Australia’s consumer confidence slumped in November following the Reserve Bank’s resumption of interest-rate increases, as households hunkered down
2023-11-14 07:58
ANZ Shares Drop as Profit Misses Estimates, CEO Cautions
ANZ Group Holdings Ltd.’s shares declined after earnings missed analyst estimates and its chief executive officer warned of
2023-11-13 07:49
Optus Outage Leaves Millions in Australia Without Phone, Internet
A nationwide outage struck Australia’s second-largest telecommunications company Optus on Wednesday, wreaking havoc at peak hour as millions
2023-11-08 06:47
Australia’s Top Three Inflation Drivers Beyond RBA’s Control
Australian inflation is being driven by climate change, geopolitical shocks and government policies — factors typically beyond the
2023-11-01 07:53
When Japan Ends Negative Rate Policy, Treasuries Will Suffer
Japan’s era of negative interest rates will end in coming months, and the implications for world markets will
2023-10-23 08:48
Westpac Bank Sees Modest Increase in Stress Amid Inflation Rise
Westpac Banking Corp. said it’s seeing a modest increase in customer stress, while inflationary pressures are causing expenses
2023-08-21 06:24
Sliding Aussie Seen Stoking Prices as Shock-Absorber Fades
Australia’s depreciating currency, historically a boon for the world’s 12th largest economy, appears more likely to fuel inflation
2023-08-11 12:49
Australian Consumer Sentiment Slips as Price Pressures Mount
Australia’s consumer confidence slipped further into “deeply pessimistic” territory as elevated inflation combined with high interest rates intensifies
2023-08-08 09:00
Australia to Hike Rates Once More, Then Cut in 2024, Poll Shows
Australia’s central bank will raise interest rates one more time in its current tightening cycle, economists say, and
2023-08-07 03:22
Australian Employment Rises Further in June, Currency Gains
Australian employment surpassed expectations in June and the jobless rate held at a lower revised rate, underlining the
2023-07-20 11:24
RBA’s Lowe Faced Disinflation, Pandemic, War in Turbulent Term
Australia’s outgoing central bank chief Philip Lowe proved to be a convenient scapegoat for public anger over surging
2023-07-14 12:52
Australian Firms Show Resilience as Consumers Still Pessimistic
Australia’s business conditions showed ongoing resilience in June, defying the Reserve Bank’s more than yearlong tightening cycle and
2023-07-11 09:55