Finance
Investment markets and key developments – Weekly market update 8/3/24
13 March
US and Eurozone shares rose to new record highs over the last week, as the ECB and Fed provided dovish comments, flagging rate cuts ahead, before giving back some of their gains on Friday as a bit of profit taking kicked in. The dip on Friday saw...[Read More]
Businesses to save as government scraps tariffs
13 March
Toothbrushes, sanitary products, washing machines and freezers may become cheaper in a move retailers say will reduce the costs of doing business. Almost 500 nuisance tariffs will be scrapped in the new financial year, saving companies more than $30...[Read More]
Investment expert warns prices ‘rollercoaster’ possible
13 March
Global inflation may fall back to target more quickly than expected in the near term but could then rebound higher again because of geopolitical fragmentation, the low-carbon transition and other supply shocks. That’s the thinking of BlackRock...[Read More]
WA ranked first, Vic last on economic performance: IPA
13 March
Western Australia is the nation’s best economic performer while Victoria lags behind all other states, a new report reveals. Australia’s western-most state leads other states on three measures including low taxes and energy prices and high wages...[Read More]
Wealthy Australians called on to pay more for aged care
13 March
Wealthier Australians are being urged to pay more for aged care so the government can help older people with lesser means access residential and in-home services. The overall wealth of older Australians is expected to increase, with the proportion...[Read More]
Consumers paying the price for ‘slow’ data right scheme
13 March
Giving people more control over their data footprint could significantly expand the economy and save consumers time and money, research shows. The so-called Consumer Data Right (CDR) gives Australians some control over their personal data but should...[Read More]
China moves to dump tariffs on $1b wine exports
13 March
China has recommended dropping tariffs on Australian wine exports worth $1bn in an interim decision. Beijing is reviewing the sanctions through a five-month process after the Albanese government agreed to suspend Australia’s dispute lodged with...[Read More]
The feeling of looking back at an old photo and acknowledging you did OK
7 March
In the maddening rush of life, you may find yourself looking for ways to improve your mood, alleviate stress, and enhance your sense of satisfaction. One surprising yet effective strategy is immersing yourself in the nostalgic embrace of old...[Read More]
Ways to help your child with buying their first home
7 March
In today’s economic climate, it’s increasingly common to help your child with their first home. In this article, we’re going to look at three options to help you do this. Why not take a look at the pros and cons of each and choose the...[Read More]
Redefining Riches: Embracing a Holistic Vision of Wealth in the 21st Century
7 March
Wealth, traditionally measured by the yardstick of financial resources, has undergone a paradigm shift, mirroring the evolving values of today’s society. The contemporary concept of wealth transcends the accumulation of money, recognising that a...[Read More]
PM meets ASEAN leaders, focus on $2b business boost
6 March
A crocodile and a koala walked into a summit of global leaders, but the focus stayed firmly on strengthening Australia’s economic ties with Southeast Asia. The native animals made a brief appearance at the ASEAN-Australia Special Summit in...[Read More]
Oliver’s insights – 21 great investment quotes
6 March
Introduction Investing can be scary and confusing at times. But the basic principles of successful investing are timeless and quotes from experts help illuminate these. This note revisits a series on insightful quotes on investing I first started a...[Read More]
Inflation results show signs of waning price pressures
6 March
Steady latest inflation results may seem disappointing at face value but are better than the jump economists were expecting. The Australian Bureau of Statistics monthly consumer price index data, a key measure of inflation, lifted by 3.4 per cent in...[Read More]
Millions of welfare recipients to get boost in payments
6 March
Australians on social security are set to receive more money in their pockets when payments are indexed. Those on the age pension, disability support pension and carer payment will pocket an extra $19.60 for singles and $29.40 for couples combined...[Read More]
Economy grows 0.2 per cent in December quarter
6 March
Australia’s economy expanded 0.2 per cent in the December quarter, propped up by government spending and private business investment. The quarterly lift in the Australian Bureau of Statistics’ official growth measure was a touch softer than...[Read More]