The ACCC's inquiry into supermarkets kicks off today, while Reserve Bank of Australia officials face tough questions at Senate estimates hearings. Follow live.
The ACCC's inquiry into supermarkets kicks off today, while Reserve Bank of Australia officials have faced tough questions at Senate estimates hearings.This analysis just in from our chief business corrospondent, Ian Verrender.A 3.6 per cent jump in the Dow Jones Industrial Average to yet another record ordinarily should have swept Aussie stocks along in its wake.A couple of reasons.
Mr Irvine was speaking after the NAB revealed a six percent fall in full year profit to just under $7 billion.We'll bring you some analysis today from our chief business corro Ian Verrender about the market reaction to the US election.Bitcoin isIt comes as one of the world's biggest auction houses is set to auction off a bunch of digital art.
Prices in rival bourse Chicago Mercantile Exchange fell even further. The most traded front-month copper contract lost 4.7 per cent to US$4.2405 a pound. To encourage local manufacturing, the president-elect has also threatened to add a 60 per cent blanket tariff on US imports of Chinese goods. That could quicken factory relocation out of China, which smelts almost half of the world's copper.
"CHOICE has confirmed that the products it has compared are not like-for-like and in the case of seven products, include comparisons between premium national brands at Coles and Woolworths and Aldi's private label," said the ARA's CEO Paul Zahra recently.Choice's people are telling the ACCC's inquiry that their survey is not just about finding the cheapest possible prices.
"If the US economy is stronger, the rates won't come down as hard there as maybe markets were expecting, and that could have implications to the rest of the global economy."The value of that gold was about $9.7 billion.Essentially, the senator pointed out that the People's Bank of China bought 1,600 tonnes in the past three years and Russia now holds 2,300 tonnes.
because frankly, the government knows, we know, as the Australian population knows, that inflation is the thing that's hurting everyone. And if we don't get inflation under control then it's worse for everyone.With the visual presence of Chemist Warehouse dominating shopping streets across the country, it might be tricky to understand what competition is out there when it comes to pharmacies.
The lender said credit growth in Australia is expected to slow over 2025 and 2026, suggesting a cooling in demand for loans and increased competition among banks for a smaller pool of borrowers. The bank's share of troubled loans grew by 26 basis points to 1.39 per cent this year, mainly because more Australian homeowners are falling behind on mortgage payments and various businesses are struggling to repay their loans.It's part of its inquiry into "the markets for the supply of groceries in Australia", which it was asked to do by the federal government
The RBA assistant governor Christopher Kent has chimed in on the impact of Trump's proposed tariffs on Chinese imports and the Australian economy."I think you've focused a lot, and rightly so, on Trump's policies, and obviously we're aware of those and thinking about how they'll work their way through the global economy and affect the Australian economy.
I'm assuming most of us have dropped into a Chemist Warehouse at least once in our lives, it's a franchisor, wholesaler and distributor to pharmacies and retail stores under its brands 'Chemist Warehouse', 'MyChemist', 'Ultra Beauty', 'My Beauty Spot' and 'Optometrist Warehouse'.
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