Live updates on interest rates: Jim Chalmers says Australians are not yet feeling the ‘full impact’ of the Reserve Bank’s latest rate hike

As we heard recently, the RBA expects inflation to continue into the new year. So when will we see the impact of these rate hikes? We presented these to the ABC’s business reporter Gareth Hutchins. Gareth: Interestingly, some economists say there are extremely tentative signs of inflation be able to have reached their peak, or … Read more

Mongolian protesters try to storm state palace | protest news

Thousands gathered to demand action against the economy and rising inflation amid a simmering corruption scandal. Thousands of people have braved freezing temperatures in Mongolia’s capital to protest alleged corruption in the country’s coal industry and skyrocketing inflation. Some later tried to storm the government building. Protesters, including many young people, gathered in Ulaanbaatar’s central … Read more

Indian billionaire Adani is now the largest shareholder in NDTV| Business and economics news

The takeover of the news network has sparked fears that one of the country’s last bastions of free press is under threat. Indian billionaire Gautam Adani’s conglomerate has increased its stake in New Delhi Television Ltd (NDTV) to more than 37 percent through a public offer, making it the largest shareholder in one of the … Read more

Oil tankers on their way to Russia as price cap on exports begins

Two tankers were bound for Russia on Monday expecting to be filled with Russian crude oil as a price cap on oil exports from a coalition of Western countries came into effect. On Friday, the European Union agreed to limit Russian marine oil prices to $60 a barrel, aiming to limit Moscow’s revenues and limit … Read more

Indian billionaire Adani is now the largest shareholder in NDTV| Business and economics news

The takeover of the news network has sparked fears that one of the country’s last bastions of free press is under threat. Indian billionaire Gautam Adani’s conglomerate has increased its stake in New Delhi Television Ltd (NDTV) to more than 37 percent through a public offer, making it the largest shareholder in one of the … Read more

5 things you need to know before the stock market opens Monday, December 5

Traders work on the floor of the New York Stock Exchange during morning trading on December 2, 2022 in New York City. Michael M. Santiago | Getty Images Here are the most important news items investors need to start their trading day: 1. Waiting for the Fed Federal Reserve policymakers won’t hold their December meeting … Read more

Russia-Ukraine war: G7 price cap on Russian oil begins | War news Russia-Ukraine

The price cap for Russian marine oil agreed by the European Union, the G7 and Australia has come into effect. The $60 per barrel cap, which took effect Monday, is designed to limit Russia’s ability to finance its war in Ukraine while ensuring it continues to supply the global market. However, Moscow has said it … Read more

Production orders from China are down 40% as demand collapses

Aerial view of stacked containers at Qinzhou Port on August 15, 2022 in Qinzhou, Guangxi Zhuang Autonomous Region of China. Chinese news service | Getty Images US logistics managers are bracing for delays in the delivery of goods from China in early January due to canceled container ship sailings and the halting of exports by … Read more

Grant Robertson reveals the future of living expenses payments

Treasury Secretary Grant Robertson says further cost-of-living payments are “not on the agenda” as concerns over inflationary pressures mount, but that the government is still considering extending the fuel tax exemption. Deputy Prime Minister Grant Robertson. (Source: Getty) Speaking to Q+A this morning, Robertson said a decision on extending fuel tax rebates would be made … Read more