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Economy

ASX200 notches 10th consecutive gain on mining rebound

by Anas Siddiqui
ASX200 notches 10th consecutive gain on mining rebound

The local sharemarket advanced for a 10th consecutive session on Thursday, marking the longest uninterrupted winning streak in stocks since 2015. The benchmark ASX200 lifted 16.5 points, or 0.21 per …

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Fed minutes signal September rate cut

by Horatio Thompson
Fed minutes signal September rate cut

Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City.  Michael M. Santiago | Getty Images This report …

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Treasurer Jim Chalmers mum on aged care reform details, as opposition push for legislation reveal

by Anas Siddiqui
Treasurer Jim Chalmers mum on aged care reform details, as opposition push for legislation reveal

Treasurer Jim Chalmers says he is aware of the “anxieties” faced by older Australians who are awaiting more details around whether they will be more out-of-pocket for aged care. Dr …

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Association of Superannuation Funds of Australia reveals amount needed to retire has spiked by almost 4 per cent

by Anas Siddiqui
Association of Superannuation Funds of Australia reveals amount needed to retire has spiked by almost 4 per cent

The staggering number of savings needed to retire has been revealed, with the cost of retirement rising by almost 4 per cent over the past year. These pressures have resulted …

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Fed minutes signals September rate cut

by Horatio Thompson
Fed minutes signals September rate cut

Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | Getty Images This report …

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Rail shutdown likely as labour minister says ‘significant issues’ remain – National

by Vera Ward
Rail shutdown likely as labour minister says ‘significant issues’ remain – National

Canada’s labour minister said late Wednesday that “significant issues” remain in negotiations between the country’s two main rail companies and unions, making a nationwide rail shutdown almost certain. Labour Minister …

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The Growth Conversation: Hong Kong Science and Technology Parks Corporation Hilda Chan

by Anas Siddiqui
The Growth Conversation: Hong Kong Science and Technology Parks Corporation Hilda Chan

In a business world where marketing is often seen as a necessary expense rather than a strategic driver of growth, Hilda Chan, the newly promoted chief marketing officer, Hong Kong …

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U.S. job growth revised down by the most since 2009. Why this time is different

by Walter Watson
U.S. job growth revised down by the most since 2009. Why this time is different

People line up as they wait for the JobNewsUSA.com South Florida Job Fair to open at the Amerant Bank Arena on June 26, 2024, in Sunrise, Florida.  Joe Raedle | …

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Nonfarm payroll growth revised down by 818,000, Labor Department says

by Walter Watson
Nonfarm payroll growth revised down by 818,000, Labor Department says

The U.S. economy created 818,000 fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department reported Wednesday. As part of its preliminary annual benchmark revisions …

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Deloitte reports stagnant private sector jobs growth in Australia

by Anas Siddiqui
Deloitte reports stagnant private sector jobs growth in Australia

Private sector job growth is stagnant in Australia, a leading economic forecaster has revealed, as warning signs continue to mount about the sputtering health of the economy. Deloitte Access Economics’ …

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