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Showing 651 - 660 of 9299 results for "Economics"

Sri Lanka announces bankruptcy

CHLOE WALKER  |  FRIDAY, 8 JUL 2022
Sri Lanka's debt-laden economy has collapsed, and its newly elected prime minister has announced bankruptcy as the island nation suffers its worst financial crisis in decades. Due to the crisis, the country has seen severe shortages of necessities like ...

RBA raises interest rates again

ANDREW MCKEAN  |  WEDNESDAY, 6 JUL 2022
The Reserve Bank of Australia (RBA) has increased the cash rate by 50 basis points, ramping up its efforts to quash runaway inflation. RBA governor Phillip Lowe stayed the course with his assessment that while the Australian economy remained resilient ...

Inflation a greater danger than recession: Powell

ANDREW MCKEAN  |  THURSDAY, 30 JUN 2022
Federal Reserve chair Jerome Powell flagged that the US Federal Reserve had to raise rates rapidly to mitigate higher inflation, even if that increased recession risks. Speaking at the European Central Bank Forum in Portugal, Powell said: "Our aim is ...

Ken Henry resigns from ASX board

CASSANDRA BALDINI  |  WEDNESDAY, 29 JUN 2022
... formidable intellect and insight to the governance and oversight of our company," he said. "Few can match his knowledge of economics and public policy, or his commitment to broader social and environmental issues. On behalf of all our stakeholders, I ...

Australia home to high proportion of women billionaires

CHLOE WALKER  |  MONDAY, 27 JUN 2022
Australia has ranked third in the world for the highest proportion of female billionaires, according to Forbes' 36th annual billionaire list. The top spot was jointly held by Barbados and Portugal with one billionaire each (in both cases, a female). ...

Underemployment continues steep decline

ANDREW MCKEAN  |  MONDAY, 27 JUN 2022
The latest ABS figures show that the total number of underemployed workers has fallen, as has the weekly hours not worked by underemployed people. Of the 13.6 million employed people in May 2022, 1.5 million were underemployed. Of these underemployed ...

Young investors undeterred by volatility: Data

CHLOE WALKER  |  THURSDAY, 23 JUN 2022
Despite an ever-increasing market of volatility and ongoing macroeconomic instability, young investors are buying shares 10 times more often than selling this year, according to insights from investment platform Pearler. In fact, buy orders on Pearler ...

RBA spotlights inflation risk of higher wages

ANDREW MCKEAN  |  WEDNESDAY, 22 JUN 2022
Minutes from the Reserve Bank of Australia's June board meeting revealed a risk of persistently high inflation as employees demanded a rise in wages to combat living costs. The minutes stipulated that should expectations of higher inflation become ...

Mason Stevens hires interim head of fixed income

ELIZABETH FRY  |  FRIDAY, 17 JUN 2022
... experienced fixed income professionals. "Andrew has a range of professional interests and is a prolific publisher of economics and financial markets content," he said. "This appointment allows Mason Stevens to continue to deliver strength in fixed income ...

Stagflation: What should we expect?

CHLOE WALKER  |  THURSDAY, 16 JUN 2022
Speaking at the Australian Institute of Superannuation Trustees (AIST) ASI 2022 conference, a panel of economic experts shared their views on the current stagflationary environment. "Inflation's certainly here to stay in the near term," QIC chief ...