Rate decisions are up to RBA: Treasurer
CANBERRA, AAP – Treasurer Josh Frydenberg says interest rate decisions are up to the Reserve Bank of Australia as financial markets gear up for a potential increase this year in the face of rising inflation. Last week’s surprise drop in the unemployment rate to 4.2 per cent rekindled speculation of a hike in the cash…
Novavax to roll out from late February
CANBERRA, AAP – Novavax vaccines will be rolled out in Australia from February 21, Health Minister Greg Hunt says. Mr Hunt said the Australian Technical Advisory Group on Immunisation has green-lit the new COVID-19 vaccine, the fourth available in the country. Novavax will be a two-dose course with a minimum three-week gap between first and…
Business has rising concerns over climate
CANBERRA, AAP – Two new surveys have highlighted the concerns of business in dealing with climate change, which risks putting trillions of dollars at stake unless rapid action is undertaken. A report by Deloitte has found 74 per cent of Australian executives see the world at a tipping point for responding to climate change, up…
Wall Street main indexes end sharply lower
NEW YORK CITY, RAW – Wall Street’s main indexes ended sharply lower on Friday as Netflix shares plunged after a weak earnings report, capping a brutal week for stocks that saw the S&P 500 and Nasdaq log their biggest weekly percentage drops since the onset of the pandemic in March 2020. The benchmark S&P 500…
The era of stimulus is over
Former Fed chair Janet Yellen famously said that central bank policy should be like ‘watching paint dry: uneventful, unsurprising and dull. She didn’t get her wish in 2017, when she expressed it ahead of the Federal Reserve’s last attempt to put US monetary policy back on a path to normal. And her successor Jerome Powell…
How using super for housing could cut costs 50%
During the past four decades in which home ownership among Australians aged 25-34 has sunk from around 60% to 45%, home ownership among the same age group in Singapore has climbed from around 60% to 88%. There’s a good chance that’s because Singapore is doing something right. What Singapore has that Australia does not is…
2022 Global Alternatives Outlook
J.P. Morgan Releases 2022 Alternatives Outlook Urging Investors to Embrace Megatrends to Overcome Challenging Public Markets The Alternatives industry’s highly comprehensive report features views from the firm’s 18 investment engines across private credit, private equity, hedge funds, real estate, infrastructure, transportation and timber. January 21, 2022 – J.P. Morgan Asset Management today released its fourth…
ASX dives, worst week in 15 months
SYDNEY, AAP – Stocks on the Australian market had their second-steepest fall of the year as investors brace for news next week of the path to higher global interest rates. The market closed lower by 2.27 per cent on Friday and some of the biggest categories such as materials and healthcare were among the chief…
Peloton pauses bike, treadmill production
NEW YORK CITY, AP – Peloton’s shares have tumbled after a media report said the exercise and treadmill company was temporarily halting production of its connected fitness products amid waning consumer demand. Shares fell nearly 24 per cent, or $US7.62 ($A10.53) to $US24.22 ($A33.47) on Thursday on the report. Peloton plans to pause production of…
Prepare to be dazzled, space watchers say
CANBERRA, AAP – Scientists say it’s time to look up and be dazzled. For one week, the clouds will part and the International Space Station (ISS) will be clearly visible above Australia as it moves across the night sky. The sight will rival the planet Venus in brightness and its commanding position, scientist Ceri Brenner…
