Morrison’s ‘recession’ warningTreasurer Scott Morrison will warn today that complacency over budget repair and economic reform could plunge the country into recession.
Oil prices have risen after reports that Iran was sending positive signals it may support joint OPEC action to prop up the market, before the market pared gains on trade data showing a surprise build in US crude stocks.
Gold is largely unchanged as markets shifted focus from hawkish comments by a Federal Reserve official over the weekend to a meeting of global central bankers later this week that might provide hints on the timing of a US interest rate increase.
Labor: pass our budget cuts tooOpposition Leader Bill Shorten will try to put pressure back on the government over budget repair today by insisting it adopt more than $8 b
Gold prices have hit a two-week low as upbeat comments from Federal Reserve officials on the US economy boosted expectations that the central bank could lift interest rates sooner rather than later.
Oil prices have fallen more than 3 per cent on supply worries, while US Treasuries rose and stocks flattened as markets awaited more clarity later this week from the Federal Reserve on when it might raise US interest rates.
Fortescue super-sizes dividendsAndrew ‘‘Twiggy’’ Forrest will crown his $3.1 billion comeback by pocketing $125 million in dividends from iron ore miner Fortescue
The Australian share market has closed lower amid mixed company earnings reports and a firmer expectation that the US central bank will lift interest rates this year.
Oil prices has settled steady to higher, with US crude posting its biggest weekly gain since March after surging nearly 25 per cent in a little over two weeks, a rally analysts caution is not justified by fundamentals.
Gold has fallen more than one per cent, snapping a four-day streak of gains following conflicting signals from US Federal Reserve officials on the timing of a possible rate hike, but was still on track for its second straight week higher.
Time to bury ‘trickle-down economics’Halting Donald Trump-style political revolts in modern democracies means delivering inequality-busting economic reform such as infrast
Gold has risen, buoyed by a weaker US dollar after minutes from the US Federal Reserve's July meeting showed policymakers were divided over whether to raise interest rates soon.
Oil prices have risen for a sixth straight day, with Brent crude rising above $US50 for the first time in six weeks as the world's biggest producers prepared to discuss a possible freeze in production levels.
Morrison mulls super cap retreatGovernment plans to limit lifetime non-concessional superannuation contributions to $500,000 are unravelling, with Treasurer Scott Morrison
Pankaj and Radhika Oswal are close to settling their legal battle with ANZ Banking Group, but are unlikely to end up with the $1.5 billion to $2.5 billion they wanted.
The Australian dollar is slightly lower despite a weaker greenback following signals from the US central bank that its in no hurry to raise interest rates.
Gold has steadied, after moving in both directions following the release of minutes from the US Federal Reserve's July meeting, which showed the central bank's policymakers expected an interest rate hike soon but were still awaiting more data.
Oil's rally has extended for a fifth day, helped by a weaker US dollar and an unexpected drawdown in US crude and petrol but traders said the runup may not last, pointing to galloping Saudi output and technical factors.
