Morning Mail: Dozens die in Spain train crash; Menindee Lakes levels at a low; Obama and the Cheesecake Factory At least 68 people are dead after the second major rail disaster in a year The Guardian - AU · 11h ago
Jim Chalmers is blaming Australia’s accelerating inflation on Trump – but voters aren’t buying it As next week’s all but certain rate rise looms, there is one thing we can all agree on: the end of war in the Middle East can’t come soon enough The Guardian - AU · Oct 28
Inflation jumps to 4.3%, adding to pressure for RBA rate rise next week Australia’s annual inflation rate jumped to 4.3% in September, up from 4.0% in August, keeping pressure on the Reserve Bank ahead of Tuesday’s interest rate decision. The Conversation · Oct 28
New Zealand interest rates held in surprise dovish call The Reserve Bank of New Zealand has held interest rates at 2.75 per cent just days before the country's election. AAP · Oct 28
D-Street braces for weak opening on negative GIFT Nifty cues Markets experienced volatility on the monthly expiry day, resulting in a largely unchanged ending. Analysts suggest that a decisive move above the 20-DEMA could enhance recovery prospects. While Foreign Portfolio Investors net bought shares, Domestic Institutional Investors were net sellers on the same day. The rupee closed slightly higher against… The Economic Times · Oct 28
Coalition MP ejected from question time after swearing at PM – as it happened This blog is now closed The Guardian - AU · Oct 27
India's GDP growth would have exceeded 8% but for recent global shocks: RBI Deputy Guv Poonam Gupta Reserve Bank Deputy Governor Poonam Gupta indicated that India's real GDP growth fell short due to external shocks. She highlighted that India has managed over 7 percent growth despite challenging circumstances in recent years. Additionally, Gupta expressed confidence that improved global conditions could enhance growth by another percentage point. She… The Economic Times · Oct 27
November rate hike a lock after 'ugly' inflation result All four of Australia's big banks are betting on a Melbourne Cup day rate rise after hot inflation figures heaped more pressure on the Reserve Bank. AAP · Oct 27
Haines tribute speeches to open parliament, but Labor mustn’t overlook broader causes of boiling anger Poverty, health and dislocation are fuelling political anger. Labor can’t ignore this in response to alleged attack on Indi MP The Guardian - AU · Oct 25
UPI handles nearly 80 crore transactions daily, says Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman highlighted the impressive growth of India's digital payments ecosystem. The Unified Payments Interface processes over 2,400 crore transactions every month, showcasing its effectiveness. Sitharaman emphasized the expansion of fintech initiatives that enhance access to credit and investment opportunities. Data centres were granted infrastructure status in… The Economic Times · Oct 25
Zimbabwe wants digital payments to build trust in its newest currency. Why technology alone won’t be enough to save the ZiG Zimbabwe’s central bank wants people to use the ZiG, a gold-backed local currency launched in April 2024, alongside the US dollar. A proposed real-time payment system based on Indian technology could help make the ZiG easier and cheaper to use. The Conversation · Oct 25
Rare chance to see Reserve Bank react to inflation data Stars have aligned for central bank watchers, with the Reserve Bank's top brass set to appear at a Senate hearing as crucial inflation data drops. AAP · Oct 25
Strong macro fundamentals, policy interventions to anchor eco against global headwinds: RBI bulletin Strong macroeconomic fundamentals continue to support the Indian economy against global inflation and trade tensions. Recent geopolitical frictions have resulted in increased prices and supply chain issues, leading to policy changes. Currency fluctuations were observed, but measures by the Reserve Bank helped stabilize the rupee recently. Foreign Direct Investment remains… The Economic Times · Oct 23
Labor's tax stance targeted ahead of state election Federal and state opposition leaders have united in a call for clarification over the imposition of credit card payment bans. AAP · Oct 22
AAP · Oct 21 Inflation below forecast but still hot in New Zealand Inflation at 3.7 per cent means all eyes are on the Reserve Bank, which meets next week, to see if it will raise rates a week out from New Zealand's election.
AAP · Oct 21 Australian shares creep higher despite RBA's tough talk The ASX shrugged off its earlier losses to finish modestly higher, even as analysts said the market was underestimating the odds of a November rate hike.
AAP · Oct 21 Hard choices ahead for Reserve Bank: deputy governor Australia's low unemployment rate has been a great success, a top Reserve Bank official says, but it might need to go higher to get stubborn inflation down.
AAP · Oct 18 Eyes on RBA for rate call hints as jobless numbers rise Higher-than-expected unemployment numbers have raised hopes the central bank will keep interest rates on hold when it next meets.
The Guardian - AU · Oct 13 The RBA keeps hiking interest rates – but are the rate rises actually working? With the cash rate at a 15-year high, consumer confidence has tanked – while household spending is still growing
The Economic Times · Oct 13 RBI to continue efforts to curb rupee volatility; external factors driving currency fall: FM Finance Minister Nirmala Sitharaman mentioned the Reserve Bank of India’s ongoing efforts to stabilize the rupee's value. She noted that the rupee has significantly depreciated due to global uncertainties, despite India's strong economic fundamentals. Sitharaman highlighted recent measures by the RBI that helped the rupee appreciate temporarily in value. She…
AAP · Oct 13 More rate hikes loom as inflation tops rich nation list Australia's inflation rate is forecast to remain above the Reserve Bank's target range amid rising oil, tech and agricultural prices.
The Guardian - AU · Oct 12 Rent-tech platforms sidestepping credit card surcharge ban with new fees and paid ‘memberships’ Tenants encouraged to seek free options after online property platforms respond to Reserve Bank’s credit card payment reform
The Conversation · Oct 11 Labor and the Greens improve in Newspoll and Resolve and One Nation drops Two federal polls taken last week (Newspoll and Resolve) have gains for Labor and the Greens and drops for One Nation. The total One Nation and Coalition vote was 48% in both Newspoll and Resolve (down one in Newspoll and down three in Resolve).
AAP · Oct 11 'Loud and clear': tax surcharge about-face defended The government has defended its position on changes to card surcharge payments, but the coalition says it's clear its counterparts don't understand business.
The Economic Times · Oct 11 PNB Housing sees 5-8 bps NIM gain from RBI rate hike, says CEO Ajai Shukla PNB Housing Finance anticipates a minor enhancement in net interest margin due to the Reserve Bank's recent rate hike. The lender's margin improvement is expected to be between 5 to 8 basis points and will benefit customers through cheaper loans. The company is also experiencing positive demand momentum in the…