Economy

Sydney, June 21 . Reserve Bank of Australia (RBA) Governor Philip Lowe on Tuesday pushed back…

End of the crypto craze? Indian investors wary as mega sell-off continues

June 18, 2022

New Delhi, June 18 . As foreign portfolio investors continue to pull out money from the…

Global markets plunge again as interest rate hikes fuel recession fears

June 17, 2022

London, June 17 . The global rout in stock markets, cryptocurrencies and other risky assets has…

US Fed makes biggest rate hike since 1994

June 16, 2022

Washington, June 16 . The US Federal Reserve raised the interest rate by 0.75 percentage points,…

UK’s job vacancy crisis could last 3-5 years: Expert

June 15, 2022

London, June 15 . As the UK’s economy grapples with the impact of a record number…

Largest house price correction since 1980 to hit, warns Jarden

June 15, 2022

Australian house prices could suffer a peak to trough decline of up to 20 per cent…

S&P 500 enters bear market for the first time since 2020

New York, June 14 . The US stock-market selloff deepened, with the S&P 500 entering a…

Bitcoin falls to record-low of $21K over worrying inflation data

San Francisco, June 14. Top cryptocurrency Bitcoin (BTC) further nosedived to around $21,000 per coin on…

Recruit 10 lakh people in 1.5 years: PM to all departments, ministries

New Delhi, June 14 . Prime Minister Narendra Modi on Tuesday instructed to fill 10 lakh…

Bloodbath: ASX enters correction with $116b wiped off sharemarket

The Australian sharemarket is in a technical correction after a 5.3 per cent plunge this morning…

European Central Bank to raise interest rates for the first time since 2011

June 10, 2022

Amsterdam, June 10 The European Central Bank (ECB) plans to raise interest rates next month for the…

Virgin Australia could list on the stock exchange as soon as next year: According to Jayne Hrdlicka

June 10, 2022

Preston 10 June 2022(TIE) Jayne Hrdlicka, Virgin Australia’s CEO, says the airline has returned to profitability…

‘Great pain’ will force central banks to cut rates

June 9, 2022

Washington | Bridgewater founder Ray Dalio says central banks around the world will have to start…

Australian banks lift lending rate following interest rate hike

SYDNEY, June 8 . Following the Reserve Bank of Australia (RBA) raising interest rates for the…

World Bank warns of recession as Ukraine war hits economies already rocked by Covid

London, June 8 . Countries around the world are facing recession as the Ukraine war hits…

What does it imply for your household if interest rates climb again?

Preston June 8,2022(TIE)Most forecasts were shocked by the Reserve Bank’s larger-than-expected interest rate hike to 0.85…

World Bank cuts India’s 2022-23 growth to 7.5%, but will keep top spot

United Nations, June 7 . Against the backdrop of a global economic deceleration from the fallout…

RBI raises repo rate by 50 bps, sees inflation over tolerance level till Q3FY23

New Delhi, June 8 . The Reserve Bank of India has raised the repo rate by…

Australian agricultural exports projected to hit record high

June 7, 2022

CANBERRA, June 7. The value of Australian agricultural exports is expected to hit a record high…

Aussie businesses continue to grapple with supply chain challenges

June 7, 2022

SYDNEY, June 7 . About 70 percent of Australia’s small and medium enterprises (SMEs) believe that…

RBA expected to raise cash rate on Tuesday by 40-bp

June 6, 2022

The Reserve Bank has revealed that it weighed up three different options for the size of…

Aussie state makes record investment into healthcare sector

June 6, 2022

SYDNEY, June 6. Announcing its 2022-23 budget, the government of the Australian state of New South…

Markets predict an ‘aggressive’ surge in mortgage interest rates. What are the chances they’re right?

June 2, 2022

If the expectations of financial markets prove true, Australians could be about to face the most…

Skyrocketing energy prices leave Australia’s smaller energy suppliers out in cold

June 1, 2022

SYDNEY, June 1 . As Australia heads into winter and people switch on their heating, energy…

Australian economy grows 0.8 percent despite floods, COVID-19 surge

June 1, 2022

CANBERRA, June 1 . Australia’s economy grew by 0.8 percent in the first quarter of 2022,…

US national average fuel price hits new record high

May 31, 2022

Washington, May 31. The US national average price for a gallon of regular fuel hit a…

Germany’s inflation reaches highest level since 70s oil crisis

May 31, 2022

Berlin, May 31 . Inflation in Germany hit 7.9 per cent in May, the highest level since…

Australian bank sued for overcharging on customer transactions

May 30, 2022

SYDNEY, May 30 . Australia’s financial regulator, the Australian Securities and Investments Commission (ASIC), has moved…

Global recession can stay for up to 18 months: Elon Musk

May 27, 2022