Christopher Kent, the RBA’s assistant governor of financial markets, has suggested interest rates are more likely to rise again soon despite fears the oil crisis will cause an economic slowdown.
Traditional havens have vanished as confused and chaotic markets adjust to war, inflation, rising interesting rates, higher debt, an energy shock and AI.
Unions have officially stormed the gates of WA’s mining industry after workers voted to go on strike for the first time this century, putting an end to nearly four decades of industrial peace in the Pilbara.
A surge in oil prices to as high as $US150 a barrel will trigger a global recession, the boss of the world’s biggest fund manager, BlackRock, has warned.
Fortescue founder Andrew Forrest is the first leader among Australia’s iron ore giants to publicly rebuke China’s state-run iron buyer for its tactics aimed at pushing down prices of the key commodity.
Australia's most essential industries are exposed to major risks from the ongoing conflict in the Middle East, as surging oil prices weigh on economic growth.
Australian investors have welcomed news of a possible path to peace that will end a month of bombings across the Middle East, sending the S&P-ASX200 sharply higher.