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

Search Results

Showing 41 - 50 of 566 results for "Imports"

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 ...

Chief economist update: Iron ore is the glue that binds China and Australia

BENJAMIN ONG  |  TUESDAY, 11 MAY 2021
... underneath the iron ore's price. Demand comes from China - the world's biggest consumer (69.1% of total world iron imports) - where crude steel production continues surge (up by 19.1% in the year to March from 12.9% in the January-February period) ...

Go, iron ore, go

BENJAMIN ONG  |  WEDNESDAY, 28 APR 2021
... manufacturers would crimp demand for iron ore. But this had been negated by rising demand elsewhere. Reuters points out that "imports by the rest of the world are rising, with ex-China arrivals estimated at 41.25 million tonnes in March, up from 34.43 ...

Chief economist update: ScoMo cannot miss new vaccination target

BENJAMIN ONG  |  TUESDAY, 13 APR 2021
... and services to the tune of $7.5 million in February, notwithstanding China's restrictions on a number of Australian imports. The Australian Bureau of Statistics' (ABS) latest report on job vacancies provide a good forward view of the domestic ...

Chief economist update: Strike while iron ore cools

BENJAMIN ONG  |  FRIDAY, 26 MAR 2021
... continued price gains backed by strong demand from China - - the world's biggest consumer ((69.1% of total world iron imports) - strengthening economy and its growing demand for steel as it proceeds onwards with its industrialisation and urbanisation. ...

Chief economist update: Iron ore is hot

BENJAMIN ONG  |  WEDNESDAY, 20 JAN 2021
... billion tonnes of steel, a breakthrough as it is the first time the 1 billion mark has been exceeded". China's iron ore imports rose by 1.17 billion tonnes in 2020, beating the 1.08 billion tonnes recorded in 2017. The recent resurgence of COVID-19 ...