Economy

Federal Budget: Focus on health, jobs; deficit at 4.3% of GDP

With federal government focusing on healthcare, social sector, jobs and infrastructure development the budgetary deficit of Australia is pegged at 4.3...

Jobs-Driven Federal Budget 2021-22: What it Means for the Economy

The Australian government has recently released its 2021-22 Federal Budget, which retains the momentum of the nation’s economic recovery. In...

Federal Budget: Healthcare takes priority amid COVID-19

The Australian government has prioritised the spending on the healthcare, as COVID-19 pandemic has highlighted the fallacies in the global health infr...

A look at three ASX infra stocks ahead of Federal Budget

Summary Treasurer Josh Frydenberg would deliver the budget this evening, focusing on a 10-year infrastructure program. The government is expected...

Federal Budget: Key Terms Explained

The Scott Morrison-led Liberal government would be presenting the Federal Budget with the aim of boosting the economic recovery, as the country contin...

Will Australia’s Deficit Shrink as Economy Recovers?

Marking the next phase of the Australian recovery, the budget deficit is expected to decrease given the high-speed economic recovery of Australia. Tr...

Australia budget 2021-2022: Stocks to watch

On Tuesday, Treasurer Josh Frydenberg would be delivering the budget 2021-2022 in quest to add more fuel to the economic recovery after severe disrupt...

Federal Budget 2021: jobs, infrastructure in for major boost

The Australian Federal Budget 2021-22 is likely to focus on job creation, as the federal government aims at further stimulating the recovery path. Wi...

Federal Budget 2021 to breathe new life into Australia’s aged care i...

The 2021-22 federal budget is likely to inject billions of dollars into the Australian economy as the government tries to strengthen the country&rsquo...

Will Federal Budget Add More Firepower To Australia’s Property Secto...

Summary Australia's federal budget update is due today, wherein Treasurer Josh Frydenberg will reveal the plans to boost jobs and economic growth....

Australia Federal Budget 2021: Here are nine things to know

Australian Treasurer Josh Frydenberg will present the 2021-22 Federal Budget on Tuesday amid expectations that coronavirus pandemic would force Canber...

What boosted Australia’s retail sales, business confidence despite c...

Summary The Australian retail sales soared in March and measure of business conditions hit a record high in April, despite the end of the Australia...

US Employment Numbers Fall Short of Expectations in April 2021

Against widespread forecasts of the US economy adding about 1 million jobs in April 2021, the latest employment report released by the Labor Departmen...

RBA keeps GDP, employment outlook intact; unlikely to raise rate unt...

Summary The GDP growth is expected to be 4.75% over 2021 and 3.5% over 2022. The unemployment rate is expected to fall further to around 5% by the...

Would New COVID-19 Case in NSW Put The Brakes On Trans-Tasman Travel...

Summary A man tested positive in Sydney for coronavirus with high viral load and is currently in isolation. NZ Health Authorities are keeping a cl...

Why Australia’s building approvals rose to highest level since 2017

Summary The number of building approvals rose to the highest level in March, owing to significant rise in apartment commitments. In March, the num...

RBA keeps rates unchanged, revises up GDP growth

The Reserve Bank of Australia (RBA) on Tuesday kept both official interest rate and yield target on the three-year bond yield unchanged 0.1%. The RBA,...

RBA Monetary Policy: What market expects from the central bank

The Australian share market closed flat with positive bias on Monday as traders were cautious ahead of Reserve Bank of Australia’s (RBI) policy...

Indian, Thai and HK stocks lead the APAC rally

Summary US Federal Reserve’s dovish tone has triggered a rally in APAC markets. Indian and Thai stocks are best performers. BSE Sensex has...

Westpac Banking Corporation (ASX:WBC) Bumps Up Fixed Mortgage Rates

Summary Westpac has announced it is increasing its four as well as five-year fixed rates by 0.30 per cent for home loans. Westpac joins other bank...