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Economy
Australian Banking Regulator Maintains Interest Rate Buffer Rule Amid Rising Mortgage Stress
Australia's banking regulator has stated that it will not ease the interest rate buffer requirements for borrowers despite more homeowners being subject to mortgage stress. This comes as a significant ...
June 1, 2023
BY
Alfred Bui
Renewable Energy Pipeline Puts Targets in Jeopardy
The renewable energy pipeline is drying up after a robust start to 2023 as "headwinds" increase, the industry ...
May 31, 2023
BY
AAP
Corporate Profits Aren’t Fueling Inflation: Australian Treasury
The Australian Treasury Department has refuted the idea that corporate profits are worsening inflation. However, it said the ...
May 31, 2023
BY
Alfred Bui
UK’s 1st Post-Brexit Free Trade Deals With Australia and New Zealand Kick In
The UK’s trade deals with Australia and New Zealand came into force at midnight on Wednesday, removing tariffs ...
May 31, 2023
BY
Evgenia Filimianova
Wall Street Opens Lower Ahead of Debt Ceiling Deal Vote
Wall Street's main indexes opened lower on Wednesday as a deal to raise the nation's debt ceiling headed ...
May 31, 2023
BY
Reuters
ANALYSIS: Debt Ceiling Deal Would Unfreeze Student Loan Repayments: Here’s What Borrowers Should Know
Roughly 40 million borrowers of federal student loans will soon need to start paying their bills again under ...
May 31, 2023
BY
Bill Pan
Cleveland Fed President Says There Is No ‘Compelling’ Reason to Pause Rate Hikes
Loretta Mester, president of the Federal Reserve Bank of Cleveland, said there was no "compelling" reason to wait ...
May 31, 2023
BY
Bryan Jung
Dollar Hits More Than 2-month High as European Inflation Cools
LONDON/TOKYO—The U.S. dollar rose strongly on Wednesday to a more than two-month high after data showed European inflation ...
May 31, 2023
BY
Reuters
Oil Falls On Weak China Data, Stronger US Dollar
LONDON—Oil prices fell on Wednesday on a stronger U.S. dollar and as weak data from top oil importer ...
May 31, 2023
BY
Reuters
Shares Drop Ahead of US Debt Ceiling Vote; China Data Rattles Nerves
LONDON—Global shares fell on Wednesday ahead of a crucial vote in Washington on the U.S. debt ceiling, while ...
May 31, 2023
BY
Reuters
Australia-UK Free Trade Agreement Officially Takes Effect
The free trade agreement between Australia and the UK has officially come into effect on May 31 after ...
May 31, 2023
BY
Alfred Bui
Retail Crime in New Zealand Remains Rampant Despite Government Measures
As New Zealand continues to endure a retail crime wave, some small business owners have criticised the central ...
May 30, 2023
BY
Rebecca Zhu
ESG Advocates Say Anti-ESG Movement Creating ‘Concerns and Challenges’
It's counterstrike time: the Republican-led movement against environmental, social and corporate governance (ESG) investing came under fire at ...
May 30, 2023
BY
Nathan Worcester
Here’s What’s in the Debt Ceiling Deal and Who Benefits
Republican and Democratic leaders in Congress both portray the long-awaited deal to raise the nation’s debt ceiling as ...
May 30, 2023
BY
Lawrence Wilson
Robust Consumer Spending Could Be Bad News for Inflation
American consumers are proving to be more resilient than many market experts had expected in the tough economic ...
May 30, 2023
BY
Andrew Moran
ANALYSIS: Will Zimbabwe Pave the Way for Gold-Backed Money?
Will gold rescue Zimbabwe from the ashes of economic despair and usher in a new economic era? Since ...
May 30, 2023
BY
Andrew Moran
UK Food Inflation Eases in May But Remains High, Says Retailers Group
Food inflation in the UK has fallen for the first time in almost two years, with experts suggesting ...
May 30, 2023
BY
Evgenia Filimianova
Debt-Ceiling Bill Faces Challenge of Getting Enough Bipartisan Support
With President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) agreeing to a deal to raise America’s debt ...
May 30, 2023
BY
Naveen Athrappully
Wall Street Opens Higher on Tentative Debt Ceiling Deal; Nvidia Jumps
Wall Street's main indexes opened higher on Tuesday as lawmakers tentatively agreed to raise the nation's debt limit ...
May 30, 2023
BY
Reuters
Oil Falls 2 Percent on US Debt Deal Struggles, OPEC+ Talks Uncertainty
LONDON—Oil fell by nearly 2 percent on Tuesday as concerns about the U.S. debt ceiling pact cooled the ...
May 30, 2023
BY
Reuters
Yen Firms on Policymaker Meeting, Dollar up After Debt Deal
LONDON/SINGAPORE—The yen strengthened on Tuesday on news of a meeting of Japan's finance ministry and central bank, while ...
May 30, 2023
BY
Reuters
Dollar, European Stocks Steady With US Debt Deal in Focus
LONDON/SYDNEY—The U.S. dollar steadied after climbing to a two-month high and European stocks flattened on Tuesday as relief ...
May 30, 2023
BY
Reuters
Australian Households Spend Record Levels of Income on Rent
A new analysis has shown that Australian households who do not own their place of residence now have ...
May 30, 2023
BY
Alfred Bui
AUKUS Subs Deal: Pentagon Seeks Congress Greenlight for Sub Transfer
The Pentagon has requested Congress to greenlight the transfer of up to two nuclear power submarines to Australia. ...
May 29, 2023
BY
Victoria Kelly-Clark
Sen. McConnell Urges Senate to Pass McCarthy’s Debt Deal
Senate Minority Leader Mitch McConnell (R-Ky.) called on the Senate to pass a debt deal that was brokered ...
May 29, 2023
BY
Jack Phillips
US Still ‘Careening Towards Bankruptcy’ After Debt Ceiling Deal, Says DeSantis
The United States will still be "careening towards bankruptcy" after President Joe Biden and House Speaker Kevin McCarthy ...
May 29, 2023
BY
Andrew Moran
When Environmental Radicalism Is More Harmful Than Good
Commentary When mindless environmental zealotry turns into environmental vandalism and economic destruction something is badly wrong. What turns ...
May 29, 2023
BY
Eric Abetz
TOP NEWS
Republican Presidential Candidate Vivek Ramaswamy ‘Deeply Concerned’ Over Musk’s China Visit
NEW
By
Katabella Roberts
Meta Threatens to Pull News Feeds Over California’s Journalism Preservation Act
NEW
By
Bryan Jung
Biden Admin Approves $300 Million in Arms Package for Ukraine, Says US Does Not Support Attacks Inside Russia
2hr
By
Mimi Nguyen Ly
DeSantis Tells Iowa Republicans He Can Lead GOP Past Biden, America Onto ‘Big Things’
3hr
By
John Haughey
What’s Next After House Passes Debt Ceiling Deal
4hr
By
Andrew Moran
Real-World Nuclear Fusion: Startup Secures Over $7 Million for Energy Machine
5hr
By
Naveen Athrappully
ANALYSIS: Texas Lt. Gov. Patrick Says Gov. Abbott ‘Misinformed’ on House’s Property Relief Plan
5hr
By
Jana J. Pruet
Republicans Say DOJ Has Gone ‘Totally Rogue’ After Lawsuit Against 2024 Senate Contender
6hr
By
Joseph Lord
House Passes Debt Ceiling Bill in Bipartisan Vote, Moves to Senate
7hr
By
Lawrence Wilson
White House Cautious About Calling China, Russia ‘Evil Regimes’
7hr
By
Emel Akan