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DARK SECRETS: 13 | Rare Historical Photos

Oil Prices Slide as China Demand Data Disappoints

Oil prices fell on Monday after China released much-delayed trade data which showed that demand in the world's largest crude importer remained lackluster in September as strict COVID-19 policy and fuel export curbs depress consumption. Brent crude futures for December settlement slid 40 cents, or 0.4%, to $93.10 a barrel…

Asharq Al-Awsat

Australia’s jobless rate is steady as she goes – and so too is the economy

Unemployment has come in at 3.5% for the second month in a row. That’s good news for economic growth – if people have jobs, they’re more likely to spend

The Guardian - AU

National jobless rate in the spotlight

All eyes will be on the latest labour force figures for signs that the jobs market might be starting to cool off.

AAP

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Australian banks hit with payment transfer outage as RBA blames technical error

Reserve bank says system is back up and running on Thursday, and they are working to clear the backlog

The Guardian - AU

RBA fesses up to nationwide bank outages

The central bank has blamed a technical error on the industry-wide bank transfer outage that left customers furious.

AAP

Alan Kohler: Working from home is a proletariat revolution

Whether company managers like it or not working from home has taken over – they can’t control it and it can’t be undone.

The New Daily

Troubled Ruapehu skifields put into administration, owing millions to Govt

Taxpayers are unlikely to ever be repaid $15 million the Government loaned the North Island ski fields, that were once New Zealand's busiest. A winter of poor snow was the final straw.

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Australia’s big four banks face shareholder ire over funding fossil fuels

Activist group Market Forces says continued funding of coal, oil and gas is incompatible with net zero commitments

The Guardian - AU

ANZ Bank to close Dickson branch

The permanent closure is due to a more than 50 per cent decrease in in-branch transactions.

The Canberra Times

‘Devastating’ branch closures in dozens of towns across Australia, as bank profits rise

Regional Australian towns have lost more than 200 bank branches over the last two years, costing customers time and money.

The New Daily

Which banks are passing on the interest rates to borrowers? What about savers?

The major lenders were quick to pass on the interest rate rise to mortgage holders, but only certain savers will see the benefits of the Reserve Bank of Australia's latest hike.

ABC News

Petrol prices already tracking upwards

Petrol prices have already started inching upwards following the reintroduction of the fuel excise tax last week.

AAP

Big issues at play could cause the RBA to make smaller cash rate hikes

Lower rises expected for the rest of the year, economists say, with the possibility of a pause in the longer term

The Guardian - AU

Foreign call centre raided over alleged links to scam tricking Australians out of their superannuation

A call centre in the Philippines is being investigated over multi-million-dollar superannuation scams that have seen a number of Australians lose their retirement savings.

ABC News

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The New Daily

Monthly mortgage repayments could jump by $1000, as RBA weighs another rate hike

Homeowners with a mortgage of $500,000 could be facing monthly mortgage payment increases of just under $1000 by the end of the year

ABC News

Which banks are passing on the latest RBA interest rate rise to mortgage holders? NAB kicked it off, then ANZ and Commonwealth followed suit

On Tuesday, the Reserve Bank of Australia announced it was raising the cash rate to 2.35 per cent. But Australia's big four banks have been slow to respond.

AAP

GDP lifts 0.9pct in June quarter

Real GDP increased by 0.9 per cent for the June quarter and was 3.6 per cent higher over the year to June.

AAP

Consumer confidence highest since June

Consumer confidence lifted last week despite expectations of a fifth consecutive interest rate hike in September.

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AAP

Job advertisement numbers pick up again

Signs of easing demand for labour seem to have been short-lived, with job ad volumes on the rise again.

Newcastle Herald

Renters being hit harder in Newcastle than Sydney

Renters in Newcastle and Lake Macquarie are forking out a larger portion of their income than Sydneysiders to put a roof over their head according to a new housing affordability report. And saving for a deposit for a unit is also a longer slog in Newcastle and Lake Macquarie compared…

ABC News

Auckland house prices down 15 per cent with the Reserve Bank of NZ now tipping prices across the country to follow

Auckland's real estate market sets the pace for the rest of New Zealand — right now, house prices are down 15 per cent from their 2021 peak and forecast to fall further. So what does that mean for families who just bought in?

AAP

Gains for consumer confidence again

Consumers have regained some of their confidence, but the services sector has contracted for the first time since the start of the year.

The Guardian - AU

Australia’s regional property boom slows but housing stress still a major concern

Beach and country lifestyle areas show market weakness after record-breaking rises during the pandemic

ABC News

Premium real estate leads regional house price fall as ANZ tips 18 per cent nationwide property slump

Australia's housing market is set to drop 18 per cent, according to one major bank, and new data shows regional areas are joining Sydney and Melbourne in the slide.

The New Daily

Housing downturn widens amid fresh fears property prices will plunge 18 per cent

Cracks are emerging in key regional property markets, with new data showing the housing downturn has quickly spread beyond major capital cities.

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