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  • Business
    Australian Associated Press

    World markets steady amid recession fears

    Tentative calm has returned to global markets, with the euro steadying after dropping to a two-decade low and oil back above $US100 a barrel following a near 10 per cent plunge a day earlier.The single currency traded at $1.

  • Business
    Yahoo Finance AU

    Another interest rate hike... and more to come

    With inflation on track to hit a 32-year high and unemployment at a 48-year low, rising interest rates are a foregone conclusion.

  • News
    Australian Associated Press

    No recession in prospect, says Treasurer

    Treasurer Jim Chalmers says neither his department nor the Reserve Bank are forecasting a recession for Australia.A number of economists have suggested lower house prices, a drop-off in dwelling investment and a range of global pressures will bring the economy close to recession in 2023.