Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 531 results for "imports"

RBA's multi-channel approach curbs inflation

ANDREW MCKEAN  |  THURSDAY, 12 OCT 2023
... comparatively rise to central banks abroad, the Australian dollar's value increases. This results in Australians paying less for imports, while foreign consumers face higher costs for domestic goods and services. "An appreciation of the Australian dollar ...

Global economy 'remarkably resilient', faces growth challenges: IMF

ANDREW MCKEAN  |  FRIDAY, 6 OCT 2023
... also driven by differences in policy space and macroeconomic fundamentals, in the extent of dependency on fuel and food imports, in the share of goods versus services in the economy, the role of trade, reform momentum, and the pace of the fight against ...

Australia-UK FTA a boon for local business

KARREN VERGARA  |  FRIDAY, 2 JUN 2023
... natural are also Australia's bread and butter, followed by education-related travel and personal travel services. As for imports, personal travel (excluding education) services top the list at $144.8 billion, followed by refined petroleum at $25.3 billion ...

RBA downplays exchange rate inflationary impacts

ANDREW MCKEAN  |  TUESDAY, 25 OCT 2022
... than those in many other economies. "Because much of global trade is invoiced in US dollars, this will add to the cost of imports for a time. But the rise in US interest rates will also contribute to a decline in global inflationary pressures," he said. ...

China records historic trade surplus

ANDREW MCKEAN  |  FRIDAY, 12 AUG 2022
... medical equipment and masks; exports of semiconductors and home appliances underperformed." "The strong exports and weak imports pushed the trade surplus to a new record high of US$101 billion in July from US$98 billion in June." Further, the bank surmised ...

Pain of commodity price increases to last: World Bank

JAMIE WILLIAMSON  |  WEDNESDAY, 27 APR 2022
... World Bank said, as wheat prices increase more than 40% and place pressure on developing economies that rely on wheat imports, particularly from Russia and Ukraine. The increases will have lasting knock-on effects, World Bank Prospects Group chief economist ...

Australia imposes further sanctions on Russia

ELIZABETH MCARTHUR  |  FRIDAY, 1 APR 2022
... increased the economic costs to Russia following its invasion of Ukraine, by applying an additional tariff of 35% for all imports from Russia and its ally Belarus. This further sanctioning of Russia will see Australia issue a formal notification withdrawing ...

VanEck anticipates AUD surge

CHLOE WALKER  |  FRIDAY, 25 MAR 2022
... for local companies and consumers battling rising costs, as a higher local dollar will help to contain rising costs for imports priced in foreign currencies," Chesler said. This month alone, oil prices are up by close to 24% and wheat future prices have ...

Chief economist update: Thank you, my frenemy

BENJAMIN ONG  |  THURSDAY, 24 JUN 2021
... contact under the China-Australia Strategic Economic Dialogue and the rhetoric, threats and/or measures limiting/banning imports of Australian products into its shores remain in place. But looking at Australia's trade stats, one would be forgiven ...

Chief economist update: China and Australia's interdependence

BENJAMIN ONG  |  WEDNESDAY, 26 MAY 2021
... China continues to ramp up its attempts to bring Australia to heel through rhetoric, threats and measures limiting/banning imports of Australian products - from barley to lobsters to wine - into its shores, China remains our top export market. Preliminary ...
PREVIOUS
NEXT