Jobless drop helps to steady confidence
CANBERRA, AAP – Consumer confidence has stabilised after a rocky start to 2022, buoyed by the latest labour force figures that showed the unemployment rate plunging to a 13-year low. However, concerns about the inflation outlook remain elevated heading into Tuesday’s release of the consumer price index for the December quarter. The weekly ANZ-Roy Morgan…
Vital diesel exhaust fuel supplies boosted
BRISBANE, AAP – Australia has significantly boosted supplies of a diesel exhaust fuel vital to keeping the country’s freight and logistics sectors on track. After striking up an agreement with the federal government, fertiliser manufacturer Incitec Pivot has increased the local production of AdBlue by 800 per cent to address a domestic shortage. Energy Minister…
Make every drop count in Melbourne
MELBOURNE, AAP – Reducing water consumption by four litres a day could help protect Victoria from future water shortages. With Melbourne’s population forecast to almost double by 2051 and the changing environment affecting water storages over the next 30 years, the pressure is on to help secure water supplies. One way is to reduce average…
Wall St higher in late market reversal
NEW YORK, RAW – Wall Street bounced back from a steep sell-off late in the session to close higher on Monday, with bargain hunters pushing the indexes into positive territory. The S&P 500 earlier came close to confirming a correction as investors focused on concerns about an increasingly hawkish Federal Reserve and geopolitical tensions. This…
ASX dips as inflation data, US Fed loom
SYDNEY, AAP – Investors have started a week of key data and decisions by taking money out of the ASX. The market closer lower for the fourth trading day in the past five prior to Australian inflation data on Tuesday and a US Federal Reserve policy meeting this week. Most share categories were down and…
Australia Post breaks Xmas parcel record
SYDNEY, AAP – Australians sent a record-breaking number of parcels over the Christmas period with Australia Post transporting tonnes of gifts by air. The mail service delivered 52 million parcels in the December peak as more than 5.6 million households shopped online. The number of online purchases rose 1.5 per cent year-on-year from 2020, and…
Asia shares tense as Fed looms
TOKYO, RAW – Asian share markets slipped on Monday with the Federal Reserve expected to confirm it will soon start draining the massive liquidity that has fuelled the huge gains in growth stocks in recent years. Adding to the caution was concerns about a possible Russian attack on Ukraine with the US State Department pulling…
Outback ‘full of life’ after rain
ORANGE, AAP – In the city, pigeons can be dismissed as “rats of the sky”. In outback Australia, they’re a rare and beautiful sight. Ecologist David Smith photographed endangered flock bronzewing pigeons taking flight in the Narriearra Caryapundy Swamp National Park in northwest NSW last week. The birds used to fly in flocks of more…
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…
