Reserve Bank of Australia

Warnings as counterfeit notes flood Australia and con people out of hundreds of thousands of dollars – so here's how to spot if your note is fake

• <b>Police warn of counterfeit notes in Australia and explain how to recognise them</b>• <b><br>Cases have been reported in Queensland, in Childers and Maryborough</b> …

Business (Australia)

Allies line up to impose retaliatory trade tariffs against US

Turkey and India become the latest Washington allies to impose millions of dollars in levies on American goods.<p>Turkey and India announced on Thursday retaliatory tariffs worth hundreds of millions of dollars on goods imported from the United States, joining the growing list of Washington allies …

Middle East

Trade pressures deepen as Daimler warns on sales

BRUSSELS/FRANKFURT (Reuters) - Mercedes-Benz maker Daimler <DAIGn.DE> shocked investors on Thursday with a warning that trade tensions would hit sales, while fears of a "tit-for-tat" trade war grew as Europe readied retaliatory tariffs against the United States.<p>Auto stocks sank to a nine-month low …

Economy

RBA Governor Says `Low Inflation Isn't That Bad'

Reserve Bank of Australia Governor Philip Lowe speaks about the economy, labor shortages and dealing with a world that is "less-inflation prone that …

Business (Australia)

Real Time Economics: The Older America Gets, the Harder It Will Be To Grow the Economy

This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here.<p><i>Good morning! Today we look at demographic trouble on the horizon, the latest developments in trade, and an abysmal start to the spring home-selling season.</i><p>DEMOGRAPHICS ARE DESTINY<p>The surge of …

Economy

FOREX-Dollar perched at 11-month highs as trade concerns weigh | Reuters

* China strong midpoint fixing calms investors’ nerves<p>* Graphic: World FX rates in 2018 tmsnrt.rs/2egbfVh<p>By Saikat Chatterjee<p>LONDON, June 20 (Reuters) - The dollar hit a 11-month high against a basket of its rivals on Wednesday as an escalating trade conflict kept investors from buying …

Economics

ASX poised to edge higher at open

Australian shares are poised to open modestly higher, amid a rally in tech and media stocks in New York. ASX futures were up 13 points at 6am AEST. …

Stock Markets

Top central banks see growing gloom global trade war

By Balazs Koranyi and Francesco Canepa<p>SINTRA, Portugal (Reuters) - A developing trade war between the world's biggest economies is weighing on …

Economy

Are underperforming banks set to rebound in FY19?

Hopes of a quick rebound in property prices could see some of the biggest blue-chip laggards in FY18 surge ahead in the new financial year.A report …

Interest Rates

Banks the winner as customers cop more fees

BANKING fees have delivered financial institutions their biggest windfall in nine years by slugging every Australian household about $500 annually on …

Banking

Bank of Japan's Kuroda Says 3% Wage Gains Needed for Price Goal

Bank of Japan Governor Haruhiko Kuroda endorsed a Japanese government call for employers to raise wages by 3 percent a year -- far faster than the …

Economics

Dollar rallies to 11-month high; pound slumps ahead of BOE call

The dollar marched higher on Thursday with its key index trading at an 11-month high as investors digested the latest round of central banker …

Economics

Forex- Dollar Recovers from U.S.-China Trade Feud Risk Aversion

© Reuters.<p>Investing.com- The dollar took some steps back towards normalcy during morning trade in Asia Thursday, recovering its poise from the …

Forex

8@eight: ASX set to open higher

The S&P/ASX 200 Index closed at 6172, up 70 points. or 1.2 per cent, topping the previous 10-year high set in January of 6135 points.<p><b>3. Aussie Dollar</b> …

Bank of Japan

The Aussie dollar selloff has stalled -- for now

• <b>The Australian dollar came under renewed selling pressure on Wednesday, reversing gains seen earlier in the session. However, it remained above the</b> …

Economics

Homeowners brace for wipeout with $100,000 falls expected as bank admits it badly underestimated the depth of the real estate downturn

• <b>ANZ is predicting Sydney and Melbourne house prices will fall by 10 per cent</b>• <b><br>The bank blamed tighter lending rules for median prices declining from</b> …

Real Estate

U.S. Trade Brawls Get Top Central Bankers Worried for Growth

The world’s most-powerful central bankers warned that escalating international trade tensions have started damaging confidence among companies, …

Economy

China could be on the verge of stoking its financial fire even further

While financial markets have been focused on mounting trade tensions between the United States and China over the past week, thinks there may be a more pressing issue.<p>Lost in the trade war headlines, China's latest batch of economic activity indicators were pretty weak in May.<p>Industrial output, …

Economy

Labour could order biggest shakeup of Bank of England remit in decades

© Reuters. FILE PHOTO: Britain's Shadow Chancellor, John McDonnell, speaks at a conference on alternative models of ownership, in central London<p>By …

Bank of England

Central bankers play waiting game with low inflation here to stay | Financial Times

A group of the world’s top central bankers think low inflation is here to stay for a while yet — and some of them think that there is little that …

Economics

RBA's Lowe: global inflation may stay low for a while

<i>0</i><p>Recent Alerts<p>Sign up to create alerts for Instruments, Economic Events and content by followed authors<p>Free Sign Up<p>Already have an account? Sign …

World Economy

US businesses are putting off investment because of trade war worries, Fed chief warns

US businesses are now holding off on vital investment decisions because of increasing worries about a global trade war, according to Jerome Powell, the chairman of the US Federal Reserve.<p>Central bankers have noted a chilling effect on business investment as tit-for-tat tariffs are exchanged between …

Economy

Stock Market’s Crystal Ball Reveals Inconvenient Truth

Peaking U.S. growth leads market commentary.<p>Financial markets tend to be forward-looking. As such, it matters little to investors that U.S. economic growth this quarter is tracking at a greater-than-4 percent annualized rate by some measures. What they really care about is what's ahead, and it's …

Stock Markets

Top 5 Things To Know In The Market On Wednesday

© Reuters. Top 5 things to know today in financial markets<p>Investing.com - Here are the top five things you need to know in financial markets on …

Stock Markets

Ching! RBA oligarchs toast immigration class war

Via the AFR:<p>Despite enjoying longer lives, older Australians will have more younger taxpayers to fund their housing and welfare thanks to skilled …

Business (Australia)

Star-Studded Sintra Panel, Policy Tightening, BOE Remit: Eco Day

Global central bankers are meeting in Sintra this week for the ECB’s annual forum. Bloomberg will be live blogging a highlight of the event later …

Economics

European Shares Seeking Rebound Ahead Of OPEC And BoE Meetings

(RTTNews) - European stocks look set to rebound from three-week lows hit the previous day, although a burgeoning trade war between the U.S. and China showed little signs of slowing down.<p>Asian stocks recovered from early losses to trade mostly higher even as Chinese markets extended a rout from the …

Stock Markets

It looks like Australia's property downturn is starting to have an impact on household spending

• <b>Spending across the Australian economy slowed sharply last month, growing at the slowest pace in over a year.</b>• <b><br>Spending fell by 0.1% in NSW, and grew</b> …

Economics

Stocks Recover as Trade Angst Eases; Dollar Steady: Markets Wrap

Stocks in Asia rebounded in a choppy session as investors awaited the next development in U.S.-China trade tensions after a ratcheting up of rhetoric …

Stock Markets

Australian Dollar May Drop to 70 Cents This Year: BlackRock

Australia’s dollar is at risk of sliding to 70 U.S. cents this year as China’s economy slows and the Federal Reserve keeps raising U.S. interest …

Bank of Japan