Shanghai eyes restart as COVID cases rise
SHANGHAI, RAW – Authorities in China’s financial centre of Shanghai will start easing lockdown in some areas, despite reporting a record of more than 25,000 new COVID-19 infections, as they strive to get the city moving again after more than two weeks. Shanghai has classed residential units into three risk categories, to allow those in…
ASX flat, bond yields surge higher
SYDNEY, AAP – Surging bond yields have contributed to a lacklustre Australian share market as investors considered better returns in assets other than shares. The market closed little changed on Monday after the Australian government 10-year bond yield rose to more than three per cent amid a higher interest rate environment. All the share categories…
Aust shares drop, bond yields stay at 3pct
SYDNEY, AAP – Technology and energy shares were among the least popular on a lower Australian market, which followed US markets rattled by rising bond yields. The ASX was down 0.67 per cent and all share categories were lower as rising bond yields in Australia and the US showed investors expecting higher rates soon. The…
Demand for skilled workers remains strong
CANBERRA, AAP – Demand for skilled workers remains strong, with job advertisements posted on the internet at their highest level since July 2008 and prior to the global financial crisis. Preliminary National Skills Commission figures released on Monday show job ads rose by a further 3.7 per cent in March to 282,400. Over the year,…
EU renewables push to quit Russian energy
CAIRO, RAW – The European Union may set more ambitious targets for its transition to renewable energy as it seeks alternatives to imports of oil and gas from Russia. The EU’s 27 member states have agreed to collectively reduce their net greenhouse gas emissions by 55 per cent from 1990 levels by 2030, a step…
Travellers endure Sydney Airport queues
SYDNEY, AAP – Travellers are again facing long queues at Sydney Airport’s domestic terminal with staff shortages and school holidays combining to hold up ‘out-of-practice’ passengers. Qantas CEO Alan Joyce says delays at Sydney Airport which began last week, are in part because up to half the workforce is isolating due to COVID-19. “We’re getting…
Auto scam block to save Aussies $120m
MELBOURNE, AAP – Thousands of Australians are expected to save $120 million a year as part of a new banking system designed to stop online purchases from dodgy overseas sellers. From Monday, Westpac says its customers will have their credit and debit card transactions to overseas retailers automatically blocked if a scam is detected. They…
US stocks lower on Fed move concerns
NEW YORK, RAW – The Dow rose and the S&P 500 ended lower in choppy trade on Friday, as beaten-down bank shares gained and investors grappled with how best to deal with an economy that could skid as the Federal Reserve moves to aggressively tackle inflation. The yield on the benchmark 10-year US Treasury note…
Election campaign enters first full day
CANBERRA, AAP – Prime Minister Scott Morrison has underlined his government’s results in the face of the global pandemic, as the federal election campaign enters its first full day. Meanwhile, Opposition Leader Anthony Albanese will hit the ground in Launceston, campaigning in the critical electorate of Bass, while also seeking to highlight the government’s dysfunction…
ASX stagnant, 10-year bond yield tops 3pc
SYDNEY, AAP – Australia’s share market has made a tame start to a shortened trading week after the 10-year government bond yield briefly surpassed three per cent. The market was marginally higher and mixed as the bond market showed investors expecting higher rates sooner amid annual inflation of 3.5 per cent. The 10-year government bond…
