The Reserve Bank of Australia (RBA) warned that the rest of the world, such as Australia, will be threatened by the Sino-US trade war. New research shows that Australians are still reluctant to go to nearby shopping malls to get tax rebates. Drop it. On August 27th, the Deputy Governor of the Reserve Bank of…
The Prime Minister accepts an exclusive interview and continues to pay attention to issues such as Sino-US trade and Iran. After attending the G-7 summit in France, the Prime Minister left for the country. The theme of this summit is global trade, the Iranian Hea Ma Sun forest fire and so on. In an exclusive…
Bruce Wolpe, senior research fellow at the American Research Center, was interviewed at skynews Australia headquarters. He said that after President Trump announced the import of Chinese products, plus an additional 5% tariff, the Sino-US trade war is out of control. Due to troubles in the US economy and trade, Bruce Wolpe said that when…
Just now, the highest point of the Australian dollar has once again broken through, the 1:4.8 mark, the specific ratio is 1:4.80943. From August 24th, the Australian dollar has experienced multiple ups and downs, the lowest is 1:4.69, which fell below the 4.7 mark, the highest is 1:4.81. Completely within a month, it once again…
Infrastructure spending is one of the core themes of Treasurer Frydenberg’s budget speech. His headline is a commitment to increase the federal infrastructure spending of ten years from the $75 billion announced last year to $100 billion. Major projects previously announced – such as the Melbourne Airport Rail Link, the North-South Airport Rail Link in…
Science clearly shows that the world is turning to a more unstable climate. Weather events such as flash floods in Sydney last week will be more frequent and extreme, and the gap between them will become shorter. As sea levels rise and frequent floods, water features will become part of our city’s daily lives. Most…
As major banks cut interest rates, Australia’s current fixed mortgage interest rate is probably the lowest in history, less than 3%. Westpac (Westpac Bank, Westpac)’s St George, Bank of Melbourne and BankSA have all cut their fixed home loan interest rates below 3%, indicating that the cash rate is expected to fall further. There are…
Federal Labor Party’s Shadow Trade Minister Madeleine King told Skynews’s host that the Labor Party supports the coalition government to join the US-led Persian Gulf Naval Patrol Alliance to protect the Persian Gulf’s oil transportation. On Wednesday, Prime Minister Morrison announced in the capital Canberra that Australia joined the maritime patrol alliance in the Strait…
It is expected that borrowing costs will further decline. Westpac Bank, Melbourne Bank and BankSA have lowered various fixed-rate mortgage rates to below 3%. Spring is approaching, real estate sales season is about to begin, financial markets bet officially will cut interest rates further, Westpac’s subsidiaries cut fixed-rate loans by 0.1 percentage points to 1.4…
One expert is concerned that Donald Trump’s trade war with China may cause Australia’s cash rate to fall to zero. The Reserve Bank of Australia (RBA) currently expects global economic growth to continue to slow as the US president imposes new tariff barriers on Australia’s largest trading partner. Martin North of Digital Finance Analytics said…