Smaller lenders are sparking early competition in Australia's mortgage market with sub-6% variable rates and some cashback offers, though major banks remain cautious amid potential RBA rate hike concerns.
US credit card debt rose to $1.26tn between April and June, nearing last year's $1.28tn record, as high inflation forces many households to rely on credit for essentials like groceries.
The Reserve Bank of Australia held interest rates at 4.35% in a unanimous decision, while Governor Michele Bullock warned that further rate hikes remain possible if inflation stays too high.
The Reserve Bank of Australia has kept the official cash rate at 4.35%, while warning that higher rates remain possible. RBA Governor Michele Bullock noted inflation remains too high, even as capital city housing markets experience a slowdown.
Falling home prices in Australia mean another Reserve Bank rate hike is less likely, as the housing market has eased more than anticipated due to policy developments and softening sentiment.
NBFC loans against gold jewellery grew 69.3% YoY to Rs 3.41 lakh crore by June 2026, outpacing overall retail loan growth of 20.3%, despite RBI's tightened regulatory framework for gold-backed lending.
Australia's property market downturn feels distinct due to investor tax changes and interest rate hikes, with capital city prices projected to drop 7.8% before leveling out.
The Reserve Bank of India classified Tata Sons as an Upper Layer Non-Banking Financial Company, triggering stricter regulatory oversight and a mandatory three-year stock exchange listing requirement, contingent on its pending CIC registration surrender application.
Australia's Morning Mail covers significant news including falling house prices, concerns over First Nations deaths in custody, and the start of Alan Jones' trial. International news features the Middle East crisis and wildfire tragedies.
Indian stock market anticipates a pivotal week driven by the Reserve Bank of India's interest rate decision, ongoing US-Iran conflict impacting crude oil, and Q1 FY27 corporate earnings. Domestic macros and foreign investor activity also remain key factors.
Australian households are warned of a potential Reserve Bank interest rate hike and petrol prices exceeding $2 a litre due to the escalating Middle East crisis pushing global crude oil above $US100 a barrel, impacting inflation and household budgets.
US labor force dropouts hit a record 105.8 million in June under President Trump, surpassing Great Recession and COVID-19 peaks. This includes 832,000 who left last month, with economists noting a "flight from work" among prime-age men and a growing group of women.
The Indian rupee gained 0.1% against the US dollar on Thursday, opening at 96.49, despite facing pressure from rising crude oil prices. Traders expect continued strain, with the Reserve Bank of India (RBI) intervention anticipated to limit sharper losses. Geopolitical tensions are driving oil prices higher, offsetting previous RBI measures.
Anthony Albanese will announce expanded paid work experience in healthcare at Labor's national conference. Australia's military is training in old-school navigation for cyber-attack resilience, Penny Wong will warn China, and a national emergency siren test is scheduled. Global news includes an oil surge, France's heatwave deaths, and pressure on Zelenskyy.
A Reserve Bank of Australia (RBA) survey indicates that while Australians understand personal economic issues, most incorrectly believe higher interest rates lead to higher inflation. The RBA emphasizes the importance of explaining complex economic concepts to the public to foster trust and manage inflation expectations.
The Reserve Bank of Australia (RBA) is concerned that a significant portion of Australians misunderstand how interest rates affect inflation, potentially complicating its monetary policy efforts. A survey revealed only 25% correctly linked higher rates to lower inflation, while over half believed the opposite, impacting public trust and inflation expectations.
Market forecasts indicate a doubled likelihood of a Reserve Bank interest rate hike as escalating Middle East tensions drive fuel prices higher. Brent crude surged 23% to near $US90/barrel, impacting Australian motorists and raising stagflation concerns for the economy.
Queensland's Liberal National government buried a report by domestic violence victim-survivors that criticized police handling of cases and advocated for civilian review mechanisms, despite promises to prioritize victims in justice policies.
The escalating Middle East crisis has driven Brent crude prices up 23% to near $US90/barrel, doubling market forecasts for an Australian Reserve Bank interest rate hike. Australian motorists face rising fuel costs as experts warn of a critical juncture for global energy markets.
Snap-on, a century-old company, maintains steady growth and profitability by manufacturing high-end, specialized tools for professional mechanics. Its strategy of customization and domestic production, which insulates it from tariffs, impressed Chicago Federal Reserve Bank President Austan Goolsbee during a visit to its Kenosha headquarters.
A argentina Silvana Tenreyro foi anunciada como a nova economista-chefe do FMI. Ela assume o cargo em 10 de agosto, substituindo Pierre-Olivier Gourinchas, e traz vasta experiência acadêmica e em políticas públicas.
A Dallas Fed report indicates unauthorized immigration between 2021-2024 led to a 2.2% rise in home prices and 1.4% rent increase in US metro areas. The study, cited by Trump, suggests this surge contributed significantly to housing demand shocks.
RBI's updated NBFC rules, effective July 1, 2026, have tightened definitions of public funds and overseas investments, preventing Tata Sons from exiting regulatory oversight and avoiding a mandatory public listing. The holding company's strategy to deregister as a core investment company is now invalidated.
Rex Patrick unites Jacqui Lambie, Pauline Hanson, and David Pocock against Aukus secrecy. Fears grow over datacentres stoking inflation and a heavier mortgage burden. Plus, "crypto corruption" allegations against Trump and World Cup updates.
