Yahoo Finance AURBA decision: Experts split on potential $152-a-month hike
If the RBA decides to lift interest rates again tomorrow, Aussie homeowners could be forking out an additional $2,269 a year.
Yahoo Finance AUShocking mortgage reality 1.3 million Aussie households face
Rising interest rates have put unprecedented pressure on many Aussie households, and it may only get worse. Find out more.
NCA NewsWireSneak peek inside Prime Minister’s home
Visitors have been welcomed into the Sydney home of the Prime Minister as part of an annual tradition.
Yahoo Finance AULipstick Index: Why Aussies like Charlotte are still spending up on beauty
Aussies are continuing to spend up on cosmetics and beauty products, despite the soaring cost of living.
Yahoo Finance AURental crisis: What are your rights if you live in a home with black mould
Black mould is a health hazard and is common in many rental properties in Australia. We look at what you can do with property lawyer Monica Rouvellas.
Yahoo Finance AUAvoid tax time splurge: How to spend your refund wisely
Are you expecting a tax refund soon? Here’s how to spend it wisely.
Yahoo Finance AUCocooning, brand ambivalence and other clever ways to save money
Nicole reveals her top five savvy ways to slash your costs today. Find out more here.
Yahoo Finance AUMoney and divorce: 4 expert tips to get your finances in order
Here are four expert tips to help set you up for a smooth financial separation.
Yahoo Finance AUJustice for Centrelink recipients charged $780 for a $200 speaker
A company targeting the most vulnerable Aussies by charging them obscene prices for household goods has been ordered to pay a major fine by the Federal Court.
Yahoo Finance AU2.67 million Aussies to get major pay rise
Millions of Aussies will receive a 5.75 per cent pay increase in July, following the Fair Work Commission’s annual wage review.
Australian Associated PressAustralian market rallies as risk appetite returns
The local share market has had its best single-day performance since early April, finishing up 1.0 per cent ahead of Tuesday's RBA meeting.
BloombergUS Stocks on Brink of Bull Market, Oil Trims Gain: Markets Wrap
(Bloomberg) -- US futures were steady after Friday’s US payroll data helped take the underlying S&P 500 index to the cusp of a bull market. Oil advanced on the back of Saudi Arabia’s pledge to cut production.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutOil Rises After Saudis Pledge Million-Barrel Cut at OPEC+ MeetMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallySaudi Shoulders Burden to Support Oil Market With Extra CutsUS-China Handshake Fails to S
BloombergHere’s What Morgan Stanley to Goldman Say About Saudi Cut
(Bloomberg) -- Saudi Arabia pledged an additional production cut in July to stabilize the oil market, ceding ground to two of its key allies — Russia and the United Arab Emirates — which made no commitment to curb further.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutOil Rises After Saudis Pledge Million-Barrel Cut at OPEC+ MeetMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallySaudi Shoulders Burden to Support Oil Market With Extra CutsUS-China Handsh
BloombergOil Rises After Saudis Pledge Million-Barrel Cut at OPEC+ Meet
(Bloomberg) -- Oil advanced at the week’s open after Saudi Arabia said it will make an extra 1 million barrel-a-day supply cut in July, taking its production to the lowest level for several years following a slide in prices.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutOil Rises After Saudis Pledge Million-Barrel Cut at OPEC+ MeetMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallySaudi Shoulders Burden to Support Oil Market With Extra CutsUS-China Hand
ReutersPwC Australia names dozens of staff involved in government tax plan leak
PwC, one of the world's "big four" audit and advisory firms, is battling to contain the fall-out from a scandal in Australia, after a former partner who had been was consulting with the federal government on new tax laws targeting corporate tax avoidance shared confidential drafts with colleagues to drum up business around the world. A cache of 144 pages of partially redacted emails released in May revealed dozens of staff were working to help multinational companies sidestep a new Australian tax law in concert with PwC firms in the United States, Britain, Singapore and Netherlands.
Australian Associated PressMortgage holder pain reaches new heights as rates rise
The Australian economy appears to be weathering the interest rate cycle better than most had expected but mortgage holders are starting to crack.
ReutersMarketmind: Hawkish pause for thought?
All eyes are on interest rates to start the week, in Europe as well as the United States. Chris Weston, head of research at Australia's Pepperstone, called Friday's U.S. payrolls report a "nirvana" of strong job creation and weaker wage growth, and it continues to colour everything. Asian equities are carrying on the global rally, setting Europe up nicely to do the same.
- Reuters
MORNING BID EUROPE-Hawkish pause for thought?
All eyes are on interest rates to start the week, in Europe as well as the United States. Chris Weston, head of research at Australia's Pepperstone, called Friday's U.S. payrolls report a "nirvana" of strong job creation and weaker wage growth, and it continues to colour everything. Asian equities are carrying on the global rally, setting Europe up nicely to do the same.
Australian Associated PressAsian shares extend global rally, oil rises
Japan's Nikkei has surged to go above 32,000 for the first time since July 1990 while Hong Kong's Hang Seng index is higher on Monday.
ReutersBrent may rise toward $100/bbl as Saudi output cut could worsen supply gap - analysts
A global shortfall in crude oil supply is set to deepen in the third quarter as the world's top exporter Saudi Arabia pledged extra output cuts from July in a move likely to push Brent towards $100 a barrel by the end of the year, analysts said. Oil prices jumped more than $1 a barrel on Monday as the Saudi energy ministry said on Sunday its output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the kingdom's biggest reduction in years. The voluntary cut pledged by Saudi is on top of a broader deal by the Organization of the Petroleum Exporting Countries and their allies including Russia to extend production cuts into 2024 as the group seeks to boost flagging oil prices.
BloombergRedox, Shareholders Seek Up to $280 Million in Australia IPO
(Bloomberg) -- Australian chemical distribution firm Redox Pty Ltd. and a group of its shareholders are seeking to raise as much as A$424 million ($280 million) in an initial public offering, potentially setting up Australia’s largest listing this year.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutOil Rises After Saudis Pledge Million-Barrel Cut at OPEC+ MeetMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallySaudi Shoulders Burden to Support Oil Market
Australian Associated PressMyer CEO John King to retire next year after turnaround
The board of directors of the department store chain credit John King with an "extraordinary contribution" in turning around Myer's fortunes.
Australian Associated PressLabor's 'same job, same pay' policy is unfair: business
Groups representing some of Australia's biggest employers are gathering to oppose the next phase of the federal government's industrial relations reforms.
Yahoo Finance AUAussie banks respond after being linked to koala habitat destruction
The banks have been warned their investments risk reputational damage.
ReutersMost Asian shares rise, oil prices up after Saudi output cuts
Most Asian share markets rose on Monday on optimism the Federal Reserve would pause its rate hikes this month after a mixed U.S. jobs report, while oil prices jumped after Saudi Arabia pledged big output cuts. S&P 500 futures dipped 0.1% and Nasdaq futures dropped 0.4%. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan was flat for the day, as losses in Chinese shares offset gains elsewhere.
