MEBOURNE, Australia (AP) Australians vote Saturday in general elections being dominated by the soaring cost of living, the economy, energy and China.Affordable housing is in short supply, interest rates remain high and the major political parties are starkly divided on how to wean the nation ...
However, that dream was quashed as the electorate sided with the Labor Party.Both parties had agreed Australia should reach net zero greenhouse gas emissions by 2050, but Mr Dutton said the country should rely on more nuclear power instead of renewable energy sources to deliver less expensive ele...
The election is taking place against a backdrop of what both sides of politics describe as a cost-of-living crisis.Foodbank Australia, the nation's largest food relief charity, reported that 3.4 million households in the country of 27 million people experienced food insecurity last year.That ...
The article reports that the interest rate increase in Australia in August 2007 has dampened the business outlook for the next quarter, according to the Dun and Bradsheet National Business Expectations survey. It was found that the number of business owners and executive who believe that interest ...
Jim Chalmers tried to say he wasnt taking credit for the big banks dropping their interest rates, but the sense of satisfaction C or perhaps relief C among other Labor MPs was palpable in the moments after the Reserve Bank of Australia announced its cut of 25 basis points .Labor MPs Justine...
Australias S&P/ASX 200 declined 0.4% to 7,828.30. South Koreas Kospi gained 0.6% to 2,628.62.周三，华尔街股市小幅上涨，这发生在美联储即将公布最新利率决策之前。在开市前，标准普尔500指数期货上涨了0.3%，而纳斯达克期货上涨了0.4%。道琼斯工业平均指数期货则微涨了0.2%。如果美联储如预期般周三...
TOKYO (AP) Asian shares mostly rose Wednesday, with markets showing relief after President Donald Trump indicated he wont dismiss the head of the U.S. Federal Reserve.Japans benchmark Nikkei 225 gained 1.9% in afternoon trading to 34,875.64. Australias S&P/ASX 200 surged 1.3% to 7,...
Bill Mitchell provides “macroeconomic research, teaching, and advocacy” in his blog Modern Monetary Theory. Mitchell is a Professor of Economics and Director of the Centre of Full Employment and Equity (COfFEE) at the University of Newcastle, Australia. His blog is an in-depth exploration of ...
While a cut to interest rates by the Fed could give the economy a boost, it could also put upward pressure on inflation. Trump also said U.S. tariffs on imports coming from China could come down substantially from the current 145%.It wont be that high, not going to be that high, he...
The same report warned the rise in protectionism would push consumer prices higher and could force central banks to start lifting interest rates to contain any inflationary resurgence C although the inflation outlook for Australia remained largely unchanged and even lower in 2026 as slower growth bites...