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Economy

Prime Minister hints at RBA governor decision time frame

by Anas Siddiqui
Prime Minister hints at RBA governor decision time frame

The Prime Minister remains tight-lipped over when his cabinet will meet to decide the fate of the Reserve Bank governor. Anthony Albanese, speaking to radio 6PR in the Perth studio …

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Perth builder City Residence falls into liquidation

by Anas Siddiqui
Perth builder City Residence falls into liquidation

Yet another construction company has collapsed with Perth builder City Residence Pty LTD going into liquidation. Peter Malone from CRS Insolvency Services was appointed liquidator on Wednesday after a company …

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Perth builder City Residence falls into liquidation

by Anas Siddiqui
Perth builder City Residence falls into liquidation

Yet another construction company has collapsed with Perth builder City Residence Pty LTD going into liquidation. Peter Malone from CRS Insolvency Services was appointed liquidator on Wednesday after a company …

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Commonwealth Bank tells inquiry mortgage stress will rise in coming months

by Anas Siddiqui
Commonwealth Bank tells inquiry mortgage stress will rise in coming months

Mortgage stress will continue to rise in the next six months, even if the cash rate remains unchanged, the Commonwealth Bank has warned. The bank also predicted the unemployment rate …

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Murray Watt promises not to ‘sell out’ farmers as EU trade deal fails to progress

by Walter Watson
Murray Watt promises not to ‘sell out’ farmers as EU trade deal fails to progress

Australia “won’t sell out” its farmers in exchange for a sub-par free trade agreement with the European Union, Agriculture Minister Murray Watt says. After more than five years of negotiations, …

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Biden’s Federal Reserve Board nominees clear key Senate committee

by Vera Ward
Biden’s Federal Reserve Board nominees clear key Senate committee

Fed Governor Philip Jefferson testifies before a Senate Banking Committee hearing on his nomination to be the Federal Reserve’s next vice chair, on Capitol Hill in Washington, D.C., June 21, …

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Inflation rose just 0.2%, less than expected as consumers get a break

by Walter Watson
Inflation rose just 0.2%, less than expected as consumers get a break

Inflation fell to its lowest annual rate in more than two years during June, the product both of some deceleration in costs and easy comparisons against a time when price …

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B.C. port strike: Labour minister tells mediator to pitch deal in bid to break impasse

by Vera Ward
B.C. port strike: Labour minister tells mediator to pitch deal in bid to break impasse

There may be movement towards an end to the bitter labour dispute that has shut down B.C.’s ports. Federal Labour Minister Seamus O’Regan sent a letter to the lead federal …

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Philip Lowe to give speech as Jim Chalmers says replacement decision imminent

by Anas Siddiqui
Philip Lowe to give speech as Jim Chalmers says replacement decision imminent

Philip Lowe will on Wednesday give what is largely anticipated to be his last speech as the Reserve Bank governor. Dr Lowe will address the Australian Conference of Economists in …

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‘Holding back’: Another sign Aussies are doing it tough

by Walter Watson
‘Holding back’: Another sign Aussies are doing it tough

Australians spent about $600 less on online purchases than they did this time last year in yet another sign that the cost of living crunch is putting the squeeze on …

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