No ‘knee-jerk reaction’ in budget: PM
CANBERRA, AAP – The federal budget won’t contain any “knee-jerk reactions” to help deal with the rising cost of living, according to the prime minister. Ahead of next week’s budget, Scott Morrison said the government was aware of rising living costs that had been driven by the invasion of Ukraine. “They’re having a real impact…
Housing stress high in major electorates
CANBERRA, AAP – More than half of all renters in some major capital city federal electorates are living in housing stress, according to new data. Figures released on Monday by housing advocacy group Everybody’s Home showed renters in outer suburban and coastal seats were most affected by housing stress and surging rent costs. Housing stress…
Wall St closes higher after Biden-Xi talks
NEW YORK CITY, RAW – Wall Street’s three major indices have closed higher, with the biggest boost from recently battered technology stocks, after talks between US President Joe Biden and Chinese President Xi Jinping over the Ukraine crisis ended without big surprises. Investors were also relieved by slowing gains in oil prices as they continued…
NZ diary giant Fonterra leaving Russia
WELLINGTON, AAP – Joint-listed New Zealand dairy giant Fonterra has become the latest company to end its Russian operations following Vladimir Putin’s invasion of Ukraine. On Monday morning, chief executive Miles Hurrell announced the closure of Fonterra’s Moscow office and its departure from Unifood, a joint venture with Russian company Foodline which it entered in…
Aust shares up for fourth straight day
SYDNEY, AAP – A fourth consecutive day higher for the Australian share market has the indices almost 300 points shy of the record set last year. The market was higher by 0.41 per cent to start the week as investors hoped for a peace deal in the Russia-Ukraine war that is keeping commodity prices elevated….
Asia cautious, yen near six-year low
SYDNEY, RAW – Asian share markets started the week in a cautious mood on Monday as investors clung to hopes for an eventual peace deal in Ukraine, but the fighting raged on with no sign of stopping. Turkey’s foreign minister on Sunday said Russia and Ukraine were nearing agreement on “critical” issues and he was…
Telstra, Optus aware of risk to satellites
CANBERRA, AAP – The United States has warned of possible threats to satellite communications (SATCOM) networks, with Australia’s biggest telecommunications firms already on heightened alert. “Telstra actively monitors the global threat environment and is aware of the advice published by CISA (US Cybersecurity and Infrastructure Security Agency),” a Telstra spokesman told AAP on Friday. Advice…
ASX ends higher, best week in 12 months
SYDNEY, AAP – A late spike on the Australian share market has ensured it closed at its highest level of the day. The market closed up 0.6 per cent on Friday after the commodity shares of energy and materials powered trade for much of the day. It was a third consecutive day of gains for…
Slight Shift In BoJ’s Inflation View-Change in China Zero Covid Policy?
Slight Shift In BoJ’s Inflation View The Bank of Japan left its main policy settings unchanged, but the statement reflects a slight shift in its views on inflation that read as a touch more persistent. However, this subtle change is still too early to drive a hawkish policy shift. The lack of a policy shift…
Reef in grip of another bleaching event
BRISBANE, AAP – Another significant bleaching event is unfolding on the Great Barrier Reef ahead of a key international visit to take the ecosystem’s pulse. Early results from monitoring work along the length of the 2300km World Heritage-listed reef show it is in trouble again. “Bleaching has been detected across the marine park – it…
